Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

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

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Albemarle Corp., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net income 2,815,131 199,942 446,615 604,357 739,139
Depreciation and amortization 300,841 254,000 231,984 213,484 200,698
Gain on sale of business/interest in properties, net 8,400 (295,971) (7,168) (210,428)
Gain on sale of property (14,411)
Stock-based compensation and other 30,474 20,120 22,837 19,680 15,228
Equity in net income of unconsolidated investments, net of tax (772,275) (95,770) (127,521) (129,568) (89,264)
Dividends received from unconsolidated investments and nonmarketable securities 801,239 78,391 88,161 71,746 57,415
Pension and postretirement (benefit) expense (52,254) (74,010) 45,658 31,515 10,410
Pension and postretirement contributions (16,112) (30,253) (16,434) (16,478) (15,236)
Unrealized gain on investments in marketable securities 3,279 (3,818) (4,635) (2,809) (527)
Loss on early extinguishment of debt 19,219 28,955 4,829
Deferred income taxes 93,339 (38,500) (1,976) 14,394 49,164
(Increase) decrease in accounts receivable (786,121) (49,295) 100,118 (18,220) (97,448)
(Increase) decrease in inventories (1,609,642) (127,401) 51,978 (46,304) (124,067)
(Increase) decrease in other current assets (104,655) 17,411 7,902 (32,941) (2,181)
Increase (decrease) in accounts payable 1,287,072 143,939 (31,519) (12,234) 73,730
Increase (decrease) in accrued expenses and income taxes payable (201,356) 127,068 (215,011) (4,640) (1,999)
Changes in current assets and liabilities, net of effects of acquisitions and divestitures (1,414,702) 111,722 (86,532) (114,339) (151,965)
Non-cash transfer of 40% value of construction in progress of Kemerton plant to MRL 122,682 135,928 179,437 164,496
Other, net (31,412) 53,521 28,488 (127,522) (58,469)
Adjustments to reconcile net income to cash flows from operating activities (907,282) 144,315 352,299 115,017 (192,974)
Net cash provided by operating activities 1,907,849 344,257 798,914 719,374 546,165
Acquisitions, net of cash acquired (162,239) (22,572) (820,000) (11,403)
Capital expenditures (1,261,646) (953,667) (850,477) (851,796) (699,991)
Cash proceeds from divestitures, net 289,791 413,569
Proceeds from sale of joint venture 11,000
Proceeds from sale of property and equipment 10,356
(Investments in) sales of marketable securities, net 1,942 3,774 903 384 (270)
Investments in equity and other corporate investments (706) (6,488) (2,427) (2,569) (5,600)
Net cash used in investing activities (1,422,649) (666,590) (863,573) (1,663,625) (303,695)
Proceeds from issuance of common stock 1,453,888
Proceeds from borrowings of other long-term debt 1,964,216 452,163 1,597,807
Repayments of long-term debt and credit agreements (705,000) (1,173,823) (250,000) (175,215)
Other borrowings (repayments), net (391,662) 60,991 137,635 (126,364) (113,567)
Fees related to early extinguishment of debt (9,767) (24,877) (4,419)
Dividends paid to shareholders (184,429) (177,853) (161,818) (152,204) (144,596)
Dividends paid to noncontrolling interests (44,208) (96,136) (32,061) (83,187) (14,756)
Repurchases of common stock (500,000)
Proceeds from exercise of stock options 2,783 18,392 40,437 4,814 3,633
Withholding taxes paid on stock-based compensation award distributions (13,338) (8,140) (5,143) (11,031) (17,240)
Other (6,708) (2,230) (3,952) (7,514)
Net cash provided by (used in) financing activities 611,887 50,212 177,261 1,042,687 (786,526)
Net effect of foreign exchange on cash and cash equivalents (37,217) (35,331) 21,012 (40,646) (37,927)
Increase (decrease) in cash and cash equivalents 1,059,870 (307,452) 133,614 57,790 (581,983)
Cash and cash equivalents at beginning of year 439,272 746,724 613,110 555,320 1,137,303
Cash and cash equivalents at end of year 1,499,142 439,272 746,724 613,110 555,320

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Albemarle Corp. net cash provided by operating activities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Albemarle Corp. net cash used in investing activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Albemarle Corp. net cash provided by (used in) financing activities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.