XML 26 R76.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidating Guarantor Financial Information - Statements of Income 1 (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Income Statements, Captions [Line Items]        
Net sales $ 931,485 $ 604,721 $ 1,815,889 $ 1,204,564
Cost of goods sold 630,919 397,358 1,256,857 801,602
Gross profit 300,566 207,363 559,032 402,962
Selling, general and administrative expenses 147,712 67,011 283,477 145,115
Research and development expenses 25,336 21,937 51,828 44,509
Restructuring and other charges, net 0 3,332 0 20,332
Acquisition and integration related costs 24,166 4,843 83,689 4,843
Intercompany service fee 0 0 0 0
Operating profit 103,352 110,240 140,038 188,163
Interest and financing expenses (33,182) (8,733) (68,928) (17,506)
Intergroup interest and financing expenses 0 0 0 0
Other income (expenses), net 541 (979) 50,498 164
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 70,711 100,528 121,608 170,821
Income tax expense (benefit) 17,139 21,773 31,279 34,963
Income from continuing operations before equity in net income of unconsolidated investments 53,572 78,755 90,329 135,858
Equity in net income of unconsolidated investments 5,794 10,649 16,186 19,550
Net income (loss) from continuing operations 59,366 89,404 106,515 155,408
Loss from discontinued operations (net of tax) 0 (60,025) 0 (61,794)
Equity in undistributed earnings of subsidiaries 0 0 0 0
Net income 59,366 29,379 106,515 93,614
Net income attributable to noncontrolling interests (7,219) (6,932) (11,253) (14,584)
Net income attributable to Albemarle Corporation 52,147 22,447 95,262 79,030
2014 Senior Notes | Issuer        
Condensed Income Statements, Captions [Line Items]        
Net sales 374,220 419,135 752,392 795,459
Cost of goods sold 256,868 267,984 514,992 529,577
Gross profit 117,352 151,151 237,400 265,882
Selling, general and administrative expenses 46,353 42,806 86,870 98,575
Research and development expenses 12,901 13,657 26,269 27,813
Restructuring and other charges, net   7,246   10,246
Acquisition and integration related costs 19,289 4,843 58,169 4,843
Intercompany service fee 5,978 6,938 11,643 12,008
Operating profit 32,831 75,661 54,449 112,397
Interest and financing expenses (21,865) (8,731) (48,521) (17,529)
Intergroup interest and financing expenses (8,532) 6,010 (14,446) 6,010
Other income (expenses), net (19,624) 782 8,944 990
Income from continuing operations before income taxes and equity in net income of unconsolidated investments (17,190) 73,722 426 101,868
Income tax expense (benefit) (2,549) 22,149 8,343 32,520
Income from continuing operations before equity in net income of unconsolidated investments (14,641) 51,573 (7,917) 69,348
Equity in net income of unconsolidated investments 1,738 1,993 3,757 3,929
Net income (loss) from continuing operations (12,903) 53,566 (4,160) 73,277
Loss from discontinued operations (net of tax) 0 (20,744) 0 (21,157)
Equity in undistributed earnings of subsidiaries 65,050 (10,375) 99,422 26,910
Net income 52,147 22,447 95,262 79,030
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Albemarle Corporation 52,147 22,447 95,262 79,030
2014 Senior Notes | Guarantor Subsidiaries        
Condensed Income Statements, Captions [Line Items]        
Net sales 0 0 0 0
Cost of goods sold 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 46 0 46 0
Research and development expenses 0 0 0 0
Restructuring and other charges, net   0   0
Acquisition and integration related costs 0 0 0 0
Intercompany service fee 0 0 0 0
Operating profit (46) 0 (46) 0
Interest and financing expenses (12,940) 0 (23,711) 0
Intergroup interest and financing expenses 16,654 0 25,715 0
Other income (expenses), net 18,832 0 (31,220) 0
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 22,500 0 (29,262) 0
Income tax expense (benefit) 9,900 0 2,972 0
Income from continuing operations before equity in net income of unconsolidated investments 12,600 0 (32,234) 0
Equity in net income of unconsolidated investments 0 0 0 0
Net income (loss) from continuing operations 12,600 0 (32,234) 0
Loss from discontinued operations (net of tax) 0 0 0 0
Equity in undistributed earnings of subsidiaries 21,052 0 83,682 0
Net income 33,652 0 51,448 0
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Albemarle Corporation 33,652 0 51,448 0
2014 Senior Notes | Non-Guarantor Subsidiaries        
Condensed Income Statements, Captions [Line Items]        
Net sales 732,025 361,253 1,419,640 745,084
Cost of goods sold 548,811 308,216 1,095,587 611,577
Gross profit 183,214 53,037 324,053 133,507
Selling, general and administrative expenses 101,313 24,205 196,561 46,540
Research and development expenses 12,435 8,280 25,559 16,696
Restructuring and other charges, net   (3,914)   10,086
Acquisition and integration related costs 4,877 0 25,520 0
Intercompany service fee (5,978) (6,938) (11,643) (12,008)
Operating profit 70,567 31,404 88,056 72,193
Interest and financing expenses 1,623 (2) 3,304 23
Intergroup interest and financing expenses (8,122) (6,010) (11,269) (6,010)
Other income (expenses), net 1,333 (1,761) 72,774 (826)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 65,401 23,631 152,865 65,380
Income tax expense (benefit) 9,788 (1,536) 20,856 1,138
Income from continuing operations before equity in net income of unconsolidated investments 55,613 25,167 132,009 64,242
Equity in net income of unconsolidated investments 4,056 8,656 12,429 15,621
Net income (loss) from continuing operations 59,669 33,823 144,438 79,863
Loss from discontinued operations (net of tax) 0 (39,281) 0 (40,637)
Equity in undistributed earnings of subsidiaries 16,826 0 25,724 0
Net income 76,495 (5,458) 170,162 39,226
Net income attributable to noncontrolling interests (7,219) (6,932) (11,253) (14,584)
Net income attributable to Albemarle Corporation 69,276 (12,390) 158,909 24,642
2014 Senior Notes | Consolidating Adjustments        
Condensed Income Statements, Captions [Line Items]        
Net sales (174,760) (175,667) (356,143) (335,979)
Cost of goods sold (174,760) (178,842) (353,722) (339,552)
Gross profit 0 3,175 (2,421) 3,573
Selling, general and administrative expenses 0 0 0 0
Research and development expenses 0 0 0 0
Restructuring and other charges, net   0   0
Acquisition and integration related costs 0 0 0 0
Intercompany service fee 0 0 0 0
Operating profit 0 3,175 (2,421) 3,573
Interest and financing expenses 0 0 0 0
Intergroup interest and financing expenses 0 0 0 0
Other income (expenses), net 0 0 0 0
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 0 3,175 (2,421) 3,573
Income tax expense (benefit) 0 1,160 (892) 1,305
Income from continuing operations before equity in net income of unconsolidated investments 0 2,015 (1,529) 2,268
Equity in net income of unconsolidated investments 0 0 0 0
Net income (loss) from continuing operations 0 2,015 (1,529) 2,268
Loss from discontinued operations (net of tax) 0 0 0 0
Equity in undistributed earnings of subsidiaries (102,928) 10,375 (208,828) (26,910)
Net income (102,928) 12,390 (210,357) (24,642)
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Albemarle Corporation $ (102,928) $ 12,390 $ (210,357) $ (24,642)