XML 109 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Cash Flows [Abstract]      
Cash and cash equivalents at beginning of year $ 477,239us-gaap_CashAndCashEquivalentsAtCarryingValue $ 477,696us-gaap_CashAndCashEquivalentsAtCarryingValue $ 469,416us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash flows from operating activities:      
Net income 160,906us-gaap_ProfitLoss 439,834us-gaap_ProfitLoss 330,127us-gaap_ProfitLoss
Adjustments to reconcile net income to cash flows from operating activities:      
Depreciation and amortization 103,572us-gaap_DepreciationAndAmortization 107,370us-gaap_DepreciationAndAmortization 99,020us-gaap_DepreciationAndAmortization
Write-offs associated with restructuring and other 6,333alb_WriteoffsAssociatedWithRestructuringAndOther 0alb_WriteoffsAssociatedWithRestructuringAndOther 61,809alb_WriteoffsAssociatedWithRestructuringAndOther
Loss on disposal of businesses 85,515us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges 0us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges 0us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Stock-based compensation 14,267us-gaap_ShareBasedCompensation 10,164us-gaap_ShareBasedCompensation 15,211us-gaap_ShareBasedCompensation
Excess tax benefits realized from stock-based compensation arrangements (826)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (3,266)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (14,809)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Equity in net income of unconsolidated investments (net of tax) (35,742)us-gaap_IncomeLossFromEquityMethodInvestments (31,729)us-gaap_IncomeLossFromEquityMethodInvestments (38,067)us-gaap_IncomeLossFromEquityMethodInvestments
Dividends received from unconsolidated investments and nonmarketable securities 40,688us-gaap_EquityMethodInvestmentDividendsOrDistributions 21,632us-gaap_EquityMethodInvestmentDividendsOrDistributions 26,908us-gaap_EquityMethodInvestmentDividendsOrDistributions
Pension and postretirement expense (benefit) 133,681us-gaap_PensionAndOtherPostretirementBenefitExpense (132,707)us-gaap_PensionAndOtherPostretirementBenefitExpense 77,442us-gaap_PensionAndOtherPostretirementBenefitExpense
Pension and postretirement contributions (13,916)us-gaap_PensionAndOtherPostretirementBenefitContributions (13,294)us-gaap_PensionAndOtherPostretirementBenefitContributions (21,610)us-gaap_PensionAndOtherPostretirementBenefitContributions
Unrealized gain on investments in marketable securities (825)us-gaap_UnrealizedGainLossOnInvestments (3,681)us-gaap_UnrealizedGainLossOnInvestments (1,872)us-gaap_UnrealizedGainLossOnInvestments
Deferred income taxes (64,947)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 64,865us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (14,587)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Changes in current assets and liabilities, net of effects of acquisitions and divestitures:      
Decrease (increase) in accounts receivable 36,221us-gaap_IncreaseDecreaseInAccountsReceivable (65,906)us-gaap_IncreaseDecreaseInAccountsReceivable (25,992)us-gaap_IncreaseDecreaseInAccountsReceivable
(Increase) decrease in inventories (6,486)us-gaap_IncreaseDecreaseInInventories (1,810)us-gaap_IncreaseDecreaseInInventories 7,364us-gaap_IncreaseDecreaseInInventories
Decrease (increase) in other current assets excluding deferred income taxes 5,809us-gaap_IncreaseDecreaseInOtherOperatingAssets 5,261us-gaap_IncreaseDecreaseInOtherOperatingAssets (19,590)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in accounts payable 28,296us-gaap_IncreaseDecreaseInAccountsPayable 19,267us-gaap_IncreaseDecreaseInAccountsPayable (11,473)us-gaap_IncreaseDecreaseInAccountsPayable
(Decrease) increase in accrued expenses and income taxes payable (6,680)alb_DecreaseIncreaseInAccruedExpensesAndIncomeTaxes 12,185alb_DecreaseIncreaseInAccruedExpensesAndIncomeTaxes 1,981alb_DecreaseIncreaseInAccruedExpensesAndIncomeTaxes
Other, net 6,743us-gaap_OtherNoncashIncomeExpense 4,674us-gaap_OtherNoncashIncomeExpense 16,904us-gaap_OtherNoncashIncomeExpense
Net cash provided by operating activities 492,609us-gaap_NetCashProvidedByUsedInOperatingActivities 432,859us-gaap_NetCashProvidedByUsedInOperatingActivities 488,766us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Capital expenditures (110,576)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (155,346)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (280,873)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash payments related to acquisitions and other 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (2,565)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (3,360)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Cash proceeds from divestitures, net 104,718us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 0us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 9,646us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested
Payment for settlement of interest rate swap (33,425)alb_PaymentForSettlementOfInterestRateSwap 0alb_PaymentForSettlementOfInterestRateSwap 0alb_PaymentForSettlementOfInterestRateSwap
Sales of (investments in) marketable securities, net 649us-gaap_PaymentsForProceedsFromInvestments 169us-gaap_PaymentsForProceedsFromInvestments (1,615)us-gaap_PaymentsForProceedsFromInvestments
Long-term advances to joint ventures (7,499)us-gaap_PaymentsForAdvanceToAffiliate 0us-gaap_PaymentsForAdvanceToAffiliate (24,959)us-gaap_PaymentsForAdvanceToAffiliate
Net cash used in investing activities (46,133)us-gaap_NetCashProvidedByUsedInInvestingActivities (157,742)us-gaap_NetCashProvidedByUsedInInvestingActivities (301,161)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from issuance of senior notes 1,888,197us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Proceeds from borrowings of other long-term debt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 117,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments of long-term debt (6,017)us-gaap_RepaymentsOfLongTermDebt (135,733)us-gaap_RepaymentsOfLongTermDebt (14,390)us-gaap_RepaymentsOfLongTermDebt
Other (repayments) borrowings, net (5,825)us-gaap_ProceedsFromRepaymentsOfOtherDebt 398,544us-gaap_ProceedsFromRepaymentsOfOtherDebt (49,421)us-gaap_ProceedsFromRepaymentsOfOtherDebt
Dividends paid to shareholders (84,102)us-gaap_PaymentsOfDividendsCommonStock (78,107)us-gaap_PaymentsOfDividendsCommonStock (69,113)us-gaap_PaymentsOfDividendsCommonStock
Dividends paid to noncontrolling interests (15,535)us-gaap_PaymentsOfDividendsMinorityInterest (10,014)us-gaap_PaymentsOfDividendsMinorityInterest (7,628)us-gaap_PaymentsOfDividendsMinorityInterest
Repurchases of common stock (150,000)us-gaap_PaymentsForRepurchaseOfCommonStock (582,298)us-gaap_PaymentsForRepurchaseOfCommonStock (63,575)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from exercise of stock options 2,713us-gaap_ProceedsFromStockOptionsExercised 5,553us-gaap_ProceedsFromStockOptionsExercised 21,148us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefits realized from stock-based compensation arrangements 826us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 3,266us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 14,809us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Withholding taxes paid on stock-based compensation award distributions (3,284)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (6,149)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (9,124)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Debt financing costs (17,644)us-gaap_PaymentsOfFinancingCosts (108)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Net cash provided by (used in) financing activities 1,609,329us-gaap_NetCashProvidedByUsedInFinancingActivities (288,046)us-gaap_NetCashProvidedByUsedInFinancingActivities (177,294)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net effect of foreign exchange on cash and cash equivalents (43,276)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 12,472us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2,031)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase (decrease) in cash and cash equivalents 2,012,529us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (457)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 8,280us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at end of year $ 2,489,768us-gaap_CashAndCashEquivalentsAtCarryingValue $ 477,239us-gaap_CashAndCashEquivalentsAtCarryingValue $ 477,696us-gaap_CashAndCashEquivalentsAtCarryingValue