Stock Analysis on Net
Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

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Albemarle Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
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
Accounts payable
Accrued expenses
Current portion of long-term debt
Dividends payable
Liabilities held for sale
Income taxes payable
Current liabilities
Long-term debt, excluding current portion
Postretirement benefits
Pension benefits
Noncurrent liabilities held for sale
Other noncurrent liabilities
Deferred income taxes
Noncurrent liabilities
Total liabilities
Common stock, $.01 par value
Additional paid-in capital
Accumulated other comprehensive loss
Retained earnings
Total Albemarle Corporation shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts Payable
Accounts payable showed an overall increasing trend from $481.7 million at the end of Q1 2018 to $2.77 billion by Q1 2023. This increase was particularly steep after mid-2021, indicating growing short-term obligations to suppliers.
Accrued Expenses
Accrued expenses fluctuated, rising sharply in late 2019 to over $576 million, then declining and rising again with a notable peak in Q3 2021 at approximately $957 million. A significant drop was observed in 2022 before rising modestly again by Q1 2023.
Current Portion of Long-Term Debt
This liability exhibited high volatility. After peaking near $805 million in Q4 2020, balances sharply declined to below $1 million by early 2021, with minor increases thereafter. This movement suggests refinancing or reclassification of debt.
Dividends Payable
Dividends payable remained relatively stable across all periods, with a modest increase from roughly $37 million to $47 million over the five years, indicating consistent dividend obligations.
Income Taxes Payable
Income taxes payable showed fluctuating values, with prominent spikes in Q2 2021 and Q1 2023, reaching $85.8 million and $282 million respectively, indicating periods of higher tax liabilities.
Current Liabilities
Current liabilities fluctuated, decreasing somewhat in early 2021 but rebounding strongly afterward, reaching $3.5 billion by Q1 2023. The overall trend reflects increased short-term financial pressures or expanded operations.
Long-Term Debt (Excluding Current Portion)
Long-term debt remained relatively stable near $1.4 billion until late 2019, when it spiked significantly to over $2.8 billion, subsequently increasing to about $3.2 billion by Q1 2023, reflecting increased long-term borrowings.
Postretirement Benefits
Postretirement benefit liabilities slightly decreased from roughly $52 million to $33 million over the period, suggesting some reduction in these obligations.
Pension Benefits
Pension benefits liabilities consistently decreased from approximately $297 million in early 2018 to about $160 million by Q1 2023, indicating a declining pension obligation.
Other Noncurrent Liabilities
This category remained mostly stable around $600 million, with minor fluctuations, showing no major shifts in other noncurrent obligations.
Deferred Income Taxes
Deferred income taxes increased gradually from $369 million to almost $487 million, implying growing deferred tax liabilities possibly due to differences in accounting and tax treatments over time.
Noncurrent Liabilities
Noncurrent liabilities surged sharply from $2.7 billion pre-2019 to over $4.5 billion by 2023, with a major jump observed around late 2019, reflecting increased borrowing or other long-term obligations.
Total Liabilities
Total liabilities increased steadily from $3.6 billion in early 2018 to $8.1 billion in Q1 2023, marking a major increase particularly after 2019, which indicates more leverage or expanded debt-financed activity.
Common Stock and Additional Paid-in Capital
Common stock par value remained stable with slight increases, while additional paid-in capital showed large growth beginning in 2021, jumping from approx. $1.4 billion to nearly $2.9 billion, indicating significant equity financing or capital contributions during that period.
Accumulated Other Comprehensive Loss
This balance widened notably over time from a loss of $175 million to over $513 million, with some fluctuations, reflecting accumulated unrealized losses or changes in comprehensive income components.
Retained Earnings
Retained earnings grew substantially from $2.1 billion in early 2018 to $6.8 billion by Q1 2023. Despite some fluctuations, particularly a dip in late 2021, the overall upward trend indicates consistent profitability and earnings retention.
Total Shareholders’ Equity
Shareholders’ equity increased significantly from $3.8 billion in early 2018 to $9.2 billion in early 2023, with notable growth after 2020 likely driven by retained earnings and capital injections.
Noncontrolling Interests
Noncontrolling interests rose modestly from about $143 million to $246 million over the period, indicating some increased ownership stakes held by minority shareholders.
Total Equity
Total equity increased steadily, nearly doubling from $3.9 billion to $9.5 billion, consistent with growth in shareholders’ equity and some increase in noncontrolling interests.
Total Liabilities and Equity
The combined total of liabilities and equity rose from $7.56 billion to $17.56 billion, showing significant overall growth in the company’s financial base.