Name: Albemarle Corp. (NYSE:ALB) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Albemarle Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	1,586,734)	1,499,142)	1,382,803)	930,596)	463,325)	439,272)	595,049)	823,572)	569,859)	746,724)	702,073)	736,696)	553,228)	613,110)	317,823)	398,183)	465,274)	555,320)	641,226)	908,144)	692,188)
Trade accounts receivable, less allowance for doubtful accounts	1,351,915)	1,190,970)	1,035,117)	962,215)	658,733)	556,922)	520,746)	455,222)	532,964)	530,838)	516,166)	517,626)	518,703)	612,651)	637,037)	624,808)	603,542)	605,712)	550,788)	571,032)	606,968)
Other accounts receivable	312,560)	185,819)	135,709)	124,409)	71,225)	66,184)	56,298)	58,256)	60,558)	61,958)	61,522)	76,957)	73,765)	67,551)	86,556)	105,207)	57,019)	52,059)	41,961)	44,451)	43,410)
Inventories	3,180,825)	2,076,031)	1,614,299)	1,216,213)	1,013,793)	812,920)	745,598)	732,563)	685,779)	750,237)	828,080)	851,256)	853,500)	768,984)	802,434)	814,022)	756,193)	700,540)	727,381)	665,522)	666,567)
Other current assets	225,541)	234,955)	129,043)	116,671)	129,407)	132,683)	160,415)	81,741)	93,844)	116,427)	119,171)	109,874)	155,985)	162,813)	125,902)	94,417)	105,148)	84,790)	98,221)	93,921)	113,763)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	66,390)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	35,829)
Current assets	6,657,575)	5,186,917)	4,296,971)	3,350,104)	2,336,483)	2,007,981)	2,078,106)	2,151,354)	2,009,394)	2,206,184)	2,227,012)	2,292,409)	2,155,181)	2,225,109)	1,969,752)	2,036,637)	1,987,176)	1,998,421)	2,059,577)	2,283,070)	2,158,725)
Property, plant and equipment, at cost	9,830,257)	9,354,330)	8,713,771)	8,465,403)	8,238,317)	8,074,746)	7,783,962)	7,596,684)	7,433,593)	7,427,641)	7,284,575)	7,138,969)	6,973,817)	6,817,843)	5,406,123)	5,248,994)	4,983,385)	4,799,063)	4,571,779)	4,375,335)	4,247,345)
Accumulated depreciation and amortization	(2,476,768)	(2,391,333)	(2,288,664)	(2,257,379)	(2,209,664)	(2,165,130)	(2,128,485)	(2,086,085)	(2,043,264)	(2,073,016)	(2,041,851)	(2,002,612)	(1,947,848)	(1,908,370)	(1,882,086)	(1,858,369)	(1,813,195)	(1,777,979)	(1,746,414)	(1,705,675)	(1,678,139)
Net property, plant and equipment	7,353,489)	6,962,997)	6,425,107)	6,208,024)	6,028,653)	5,909,616)	5,655,477)	5,510,599)	5,390,329)	5,354,625)	5,242,724)	5,136,357)	5,025,969)	4,909,473)	3,524,037)	3,390,625)	3,170,190)	3,021,084)	2,825,365)	2,669,660)	2,569,206)
Investments	1,391,229)	1,150,553)	1,158,535)	903,861)	937,619)	897,708)	902,504)	907,080)	663,448)	656,244)	603,745)	614,145)	543,670)	579,813)	551,657)	541,014)	563,030)	528,722)	535,292)	519,518)	524,687)
Noncurrent assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	50,683)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	151,743)
Other assets	243,405)	250,558)	217,057)	230,346)	240,279)	252,239)	251,786)	256,081)	212,258)	219,268)	211,534)	213,223)	219,202)	213,061)	200,858)	186,592)	211,073)	80,135)	78,054)	75,108)	78,619)
Goodwill	1,634,152)	1,617,627)	1,467,848)	1,542,767)	1,575,617)	1,597,627)	1,623,471)	1,640,720)	1,629,169)	1,665,520)	1,603,049)	1,571,280)	1,559,055)	1,578,785)	1,534,241)	1,566,464)	1,561,092)	1,567,169)	1,590,906)	1,585,500)	1,643,746)
Other intangibles, net of amortization	284,508)	287,870)	262,984)	285,303)	297,407)	308,947)	320,981)	331,092)	335,021)	349,105)	343,919)	342,839)	344,561)	354,622)	361,058)	373,082)	378,501)	386,143)	398,001)	405,507)	429,614)
Noncurrent assets	10,906,783)	10,269,605)	9,531,531)	9,170,301)	9,079,575)	8,966,137)	8,754,219)	8,645,572)	8,280,908)	8,244,762)	8,004,971)	7,877,844)	7,692,457)	7,635,754)	6,171,851)	6,057,777)	5,883,886)	5,583,253)	5,427,618)	5,255,293)	5,397,615)
Total assets	17,564,358)	15,456,522)	13,828,502)	12,520,405)	11,416,058)	10,974,118)	10,832,325)	10,796,926)	10,290,302)	10,450,946)	10,231,983)	10,170,253)	9,847,638)	9,860,863)	8,141,603)	8,094,414)	7,871,062)	7,581,674)	7,487,195)	7,538,363)	7,556,340)

Total assets exhibited a substantial upward trajectory over the analyzed period, increasing from approximately 7.56 billion USD in March 2018 to 17.56 billion USD by March 2023. This growth reflects a significant expansion of the balance sheet, with a particularly accelerated increase occurring between June 2022 and March 2023.

Current Asset Growth and Composition: Current assets grew from 2.16 billion USD in March 2018 to 6.66 billion USD in March 2023. This expansion was driven primarily by a dramatic increase in inventories, which rose from 666.6 million USD to 3.18 billion USD over the period. A sharp acceleration in inventory accumulation is evident starting in mid-2022. Additionally, trade accounts receivable more than doubled, moving from 607 million USD to 1.35 billion USD, suggesting a significant increase in sales volume or changes in credit terms.
Fixed Asset Expansion: Net property, plant, and equipment (PPE) demonstrated consistent and aggressive growth, increasing from 2.57 billion USD in March 2018 to 7.35 billion USD in March 2023. The gross cost of PPE rose steadily from 4.25 billion USD to 9.83 billion USD, indicating sustained capital expenditure. While accumulated depreciation increased proportionally, the net book value of fixed assets grew significantly, suggesting a strategic focus on capacity expansion.
Liquidity and Cash Position: Cash and cash equivalents showed volatility in the early years but trended upward in the later stages of the period. After fluctuating between 317 million USD and 908 million USD from 2018 to 2021, cash reserves increased sharply starting in June 2022, reaching 1.59 billion USD by March 2023. This indicates a strengthened liquidity position coinciding with the overall growth in total assets.
Noncurrent Investments and Intangibles: Investments saw a general increase, rising from 524.7 million USD in March 2018 to 1.39 billion USD in March 2023. In contrast, goodwill remained relatively stable, hovering between 1.47 billion USD and 1.66 billion USD, suggesting that the asset growth was driven more by organic expansion and capital investment than by large-scale acquisitions during this window. Other intangible assets experienced a gradual decline, falling from 429.6 million USD to 284.5 million USD due to ongoing amortization.

The overall asset structure transitioned from being heavily dominated by noncurrent assets toward a more balanced distribution, as current assets grew at a faster relative rate than noncurrent assets in the final year of the period. The concurrent surge in inventories, receivables, and cash suggests a period of rapid scaling in operations.

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Albemarle Corp. (NYSE:ALB)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data