Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Albemarle Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	2,052,001)	647,986)	483,221)	574,138)	522,516)
Employee benefits, payroll and related taxes	145,885)	100,718)	102,711)	82,028)	77,814)
Dividend payable to noncontrolling interest	53,168)	—)	—)	—)	—)
Settlement of prior legal matter	—)	332,500)	—)	—)	—)
Wodgina Project acquisition consideration obligation	18,380)	132,400)	137,092)	260,686)	—)
Other	288,461)	197,675)	200,960)	233,583)	179,509)
Accrued expenses	505,894)	763,293)	440,763)	576,297)	257,323)
Current portion of long-term debt	2,128)	389,920)	804,677)	187,336)	307,294)
Dividends payable	46,116)	45,469)	40,937)	38,764)	35,169)
Income taxes payable	134,876)	27,667)	32,251)	32,461)	60,871)
Current liabilities	2,741,015)	1,874,335)	1,801,849)	1,408,996)	1,183,173)
Long-term debt, excluding current portion	3,214,972)	2,004,319)	2,767,381)	2,862,921)	1,397,916)
Postretirement benefits	32,751)	43,693)	48,075)	50,899)	46,157)
Pension benefits	159,571)	229,187)	340,818)	292,073)	285,396)
Transition tax on foreign earnings	191,708)	234,180)	273,048)	303,490)	317,745)
Wodgina Project acquisition consideration obligation	—)	—)	—)	120,800)	—)
Noncurrent operating lease liabilities	99,269)	126,997)	116,765)	114,686)	—)
Liabilities related to uncertain tax positions	83,670)	27,719)	14,683)	21,169)	22,877)
Executive deferred compensation plan obligation	27,270)	32,491)	32,447)	28,715)	26,292)
Environmental liabilities	31,272)	37,540)	36,298)	33,058)	40,376)
Asset retirement obligations	79,522)	76,196)	74,856)	55,848)	41,489)
Tax indemnification liability	66,137)	66,799)	30,488)	30,993)	45,347)
Other	57,748)	61,776)	50,792)	45,777)	32,816)
Other noncurrent liabilities	636,596)	663,698)	629,377)	754,536)	526,942)
Deferred income taxes	480,770)	353,279)	394,852)	397,858)	382,982)
Noncurrent liabilities	4,524,660)	3,294,176)	4,180,503)	4,358,287)	2,639,393)
Total liabilities	7,265,675)	5,168,511)	5,982,352)	5,767,283)	3,822,566)
Common stock, $.01 par value	1,172)	1,170)	1,069)	1,061)	1,056)
Additional paid-in capital	2,940,840)	2,920,007)	1,438,038)	1,383,446)	1,368,897)
Accumulated other comprehensive loss	(560,662)	(392,450)	(326,132)	(395,735)	(350,682)
Retained earnings	5,601,277)	3,096,539)	3,155,252)	2,943,478)	2,566,050)
Total Albemarle Corporation shareholders’ equity	7,982,627)	5,625,266)	4,268,227)	3,932,250)	3,585,321)
Noncontrolling interests	208,220)	180,341)	200,367)	161,330)	173,787)
Total equity	8,190,847)	5,805,607)	4,468,594)	4,093,580)	3,759,108)
Total liabilities and equity	15,456,522)	10,974,118)	10,450,946)	9,860,863)	7,581,674)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Albemarle Corp. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Albemarle Corp. noncurrent liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Albemarle Corp. total liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Total Albemarle Corporation shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Albemarle Corp. total Albemarle Corporation shareholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

Albemarle Corp. (NYSE:ALB)

Balance Sheet: Liabilities and Stockholders’ Equity