Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Albemarle Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	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
Net sales	2,580,252)	2,620,978)	2,091,805)	1,479,593)	1,127,728)	894,204)	830,566)	773,896)	829,291)	879,147)	746,868)	764,049)	738,845)	992,564)	879,747)	885,052)	832,064)	921,699)	777,748)	853,874)	821,629)
Cost of goods sold	(1,303,712)	(1,619,659)	(1,047,991)	(899,169)	(678,698)	(657,610)	(581,293)	(525,479)	(565,604)	(613,727)	(492,812)	(530,690)	(496,827)	(654,053)	(569,880)	(559,138)	(548,578)	(601,315)	(497,211)	(542,518)	(516,650)
Gross profit	1,276,540)	1,001,319)	1,043,814)	580,424)	449,030)	236,594)	249,273)	248,417)	263,687)	265,420)	254,056)	233,359)	242,018)	338,511)	309,867)	325,914)	283,486)	320,384)	280,537)	311,356)	304,979)
Selling, general and administrative expenses	(154,306)	(148,156)	(134,479)	(128,942)	(112,568)	(123,302)	(103,477)	(121,516)	(93,187)	(124,909)	(96,092)	(106,949)	(101,877)	(185,163)	(108,135)	(126,715)	(113,355)	(120,916)	(100,167)	(123,637)	(101,370)
Research and development expenses	(20,471)	(20,154)	(18,358)	(17,386)	(16,083)	(12,125)	(13,289)	(13,976)	(14,636)	(15,375)	(13,532)	(14,210)	(16,097)	(14,263)	(15,585)	(13,462)	(14,977)	(16,384)	(16,610)	(16,074)	(20,986)
Gain (loss) on sale of interest in properties	—)	—)	—)	—)	(8,400)	(132,453)	(984)	429,408)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(8,277)	—)	218,705)	—)
Operating profit	1,101,763)	833,009)	890,977)	434,096)	311,979)	(31,286)	131,523)	542,333)	155,864)	125,136)	144,432)	112,200)	124,044)	139,085)	186,147)	185,737)	155,154)	174,807)	163,760)	390,350)	182,623)
Interest and financing expenses	(26,777)	(24,039)	(29,691)	(41,409)	(27,834)	(5,306)	(5,136)	(7,152)	(43,882)	(19,152)	(19,227)	(17,852)	(16,885)	(22,400)	(11,108)	(11,601)	(12,586)	(12,571)	(12,988)	(13,308)	(13,538)
Other income (expenses), net	82,492)	54,119)	7,974)	8,767)	15,496)	28,530)	(643,196)	14)	11,312)	(57,557)	(3,661)	(6,273)	8,314)	(38,388)	(11,316)	(7,065)	11,291)	(32,528)	3,793)	(5,223)	(30,476)
Income (loss) before income taxes and equity in net income of unconsolidated investments	1,157,478)	863,089)	869,260)	401,454)	299,641)	(8,062)	(516,809)	535,195)	123,294)	48,427)	121,544)	88,075)	115,473)	78,297)	163,723)	167,071)	153,859)	129,708)	154,565)	371,819)	138,609)
Income tax (expense) benefit	(276,963)	(24,102)	(196,938)	(89,018)	(80,530)	(15,024)	114,670)	(106,985)	(22,107)	10,101)	(30,653)	(15,431)	(18,442)	5,105)	(25,341)	(30,411)	(37,514)	(11,196)	(33,167)	(80,102)	(20,361)
Income (loss) before equity in net income of unconsolidated investments	880,515)	838,987)	672,322)	312,436)	219,111)	(23,086)	(402,139)	428,210)	101,187)	58,528)	90,891)	72,644)	97,031)	83,402)	138,382)	136,660)	116,345)	118,512)	121,398)	291,717)	118,248)
Equity in net income of unconsolidated investments, net of tax	396,188)	322,799)	258,884)	128,156)	62,436)	33,555)	27,706)	17,998)	16,511)	43,649)	26,154)	31,114)	26,604)	22,841)	33,236)	38,310)	35,181)	27,537)	22,081)	18,969)	20,677)
Net income (loss)	1,276,703)	1,161,786)	931,206)	440,592)	281,547)	10,469)	(374,433)	446,208)	117,698)	102,177)	117,045)	103,758)	123,635)	106,243)	171,618)	174,970)	151,526)	146,049)	143,479)	310,686)	138,925)
Net income attributable to noncontrolling interests	(38,123)	(29,341)	(33,991)	(33,819)	(28,164)	(14,293)	(18,348)	(21,608)	(22,021)	(17,542)	(18,744)	(18,134)	(16,431)	(15,852)	(16,548)	(20,772)	(17,957)	(16,453)	(13,734)	(8,225)	(7,165)
Net income (loss) attributable to Albemarle Corporation	1,238,580)	1,132,445)	897,215)	406,773)	253,383)	(3,824)	(392,781)	424,600)	95,677)	84,635)	98,301)	85,624)	107,204)	90,391)	155,070)	154,198)	133,569)	129,596)	129,745)	302,461)	131,760)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Albemarle Corp. net sales increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.
Operating profit	The net result for the period of deducting operating expenses from operating revenues.	Albemarle Corp. operating profit decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level.
Income (loss) before income taxes and equity in net income of unconsolidated investments	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Albemarle Corp. income (loss) before income taxes and equity in net income of unconsolidated investments decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level.
Net income (loss) attributable to Albemarle Corporation	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Albemarle Corp. net income (loss) attributable to Albemarle Corporation increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Albemarle Corp. (NYSE:ALB)

Income StatementQuarterly Data

Income Statement
Quarterly Data