XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 604,721 $ 576,842 $ 1,204,564 $ 1,163,439
Cost of goods sold 397,358 385,172 801,602 775,858
Gross profit 207,363 191,670 402,962 387,581
Selling, general and administrative expenses 67,011 61,725 145,115 125,300
Research and development expenses 21,937 21,565 44,509 41,518
Restructuring and other charges, net (Note 13) 8,175 0 25,175 0
Operating profit 110,240 108,380 188,163 220,763
Interest and financing expenses (8,733) (7,608) (17,506) (12,839)
Other (expenses) income, net (979) (1,585) 164 (5,779)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 100,528 99,187 170,821 202,145
Income tax expense 21,773 20,396 34,963 45,934
Income from continuing operations before equity in net income of unconsolidated investments 78,755 78,791 135,858 156,211
Equity in net income of unconsolidated investments (net of tax) 10,649 9,709 19,550 19,970
Net income from continuing operations 89,404 88,500 155,408 176,181
(Loss) income from discontinued operations (net of tax) (60,025) 2,628 (61,794) 4,463
Net income 29,379 91,128 93,614 180,644
Net income attributable to noncontrolling interests (6,932) (8,389) (14,584) (13,918)
Net income attributable to Albemarle Corporation $ 22,447 $ 82,739 $ 79,030 $ 166,726
Basic earnings per share from continuing operations $ 1.05 $ 0.95 $ 1.78 $ 1.88
Basic earnings (loss) per share from discontinued operations (in dollars per share) $ (0.76) $ 0.03 $ (0.78) $ 0.05
Basic earnings per share (in dollars per share) $ 0.29 $ 0.98 $ 1.00 $ 1.93
Diluted earnings per share from continuing operations (in dollars per share) $ 1.04 $ 0.95 $ 1.77 $ 1.87
Diluted earnings (loss) per share from discontinued operations (in dollars per share) $ (0.76) $ 0.03 $ (0.78) $ 0.05
Diluted earnings per share (in dollars per share) $ 0.28 $ 0.98 $ 0.99 $ 1.92
Weighted-average common shares outstanding - basic (in shares) 78,662 84,028 79,199 86,374
Weighted-average common shares outstanding - diluted (in shares) 79,091 84,489 79,602 86,862
Cash dividends declared per share of common stock (in dollars per share) $ 0.275 $ 0.240 $ 0.550 $ 0.480