Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Paying user area
Try for free
Albemarle Corp. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Albemarle Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Albemarle Corp., consolidated statement of comprehensive income
US$ in thousands
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).
The net income demonstrates a notable fluctuation over the five-year period. Starting at $739,139 thousand in 2018, it declined progressively to $199,942 thousand by 2021, followed by a significant surge to $2,815,131 thousand in 2022. This indicates a strong recovery and exceptional performance in the final year.
Foreign currency translation and other adjustments exhibit volatility without a clear trend, ranging from negative $150,396 thousand in 2018 to a positive $99,832 thousand in 2020, but returning to negative values in subsequent years, culminating at negative $171,295 thousand in 2022. This suggests ongoing currency translation impacts with substantial variability.
Net investment hedge figures show irregular movements, with positive values in 2018 and 2019 ($25,786 thousand and $8,441 thousand respectively), turning negative in 2020 (-$34,185 thousand), and slightly positive again in 2021 ($5,110 thousand). The absence of data in 2022 limits further analysis for that year.
Cash flow hedge values appear minimal and inconsistent, with small positive amounts in 2019 and 2020, a slight decrease in 2021, followed by a negative amount of -$4,399 thousand in 2022, indicating limited but fluctuating hedging activities relative to cash flows.
The interest rate swap category transitions from a negative $585 thousand in 2018 to a continuous increase over the subsequent years, reaching $7,399 thousand in 2022. This upward trend suggests increasing gains or positive adjustments from interest rate swap instruments.
Other comprehensive income (loss), net of tax, parallels the foreign currency translation pattern with negative values in most years except 2020, demonstrating substantial volatility and ending with a significant negative value of -$168,295 thousand in 2022. This reflects considerable fluctuations in components of comprehensive income outside net income.
Comprehensive income shows variability, initially declining from $613,944 thousand in 2018 to $133,464 thousand in 2021, before sharply rising to $2,646,836 thousand in 2022. This largely mirrors net income trends, implying that net income heavily influences comprehensive income results.
Comprehensive income attributable to noncontrolling interests consistently remains negative and tends to increase in absolute value over the period, from -$45,396 thousand in 2018 to -$125,232 thousand in 2022, pointing to growing losses or expenditures accounted for noncontrolling interests.
Correspondingly, comprehensive income attributable to Albemarle Corporation follows a downward trajectory from $568,548 thousand in 2018 to $57,354 thousand in 2021, followed by a substantial increase to $2,521,604 thousand in 2022. This highlights the dominant effect of the parent company's performance on overall comprehensive income.