XML 23 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net sales $ 3,651,335 $ 2,445,548 $ 2,394,270
Cost of goods sold 2,454,463 1,674,700 1,543,799
Gross profit 1,196,872 770,848 850,471
Selling, general and administrative expenses 512,274 355,135 158,189
Research and development expenses 102,871 88,310 82,246
Restructuring and other, net (6,804) 25,947 33,361
Acquisition and integration related costs 146,096 30,158 0
Operating profit 442,435 271,298 576,675
Interest and financing expenses (132,722) (41,358) (31,559)
Other income (expenses), net 48,474 (16,761) (6,674)
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 358,187 213,179 538,442
Income tax expense 29,122 18,484 134,445
Income from continuing operations before equity in net income of unconsolidated investments 329,065 194,695 403,997
Equity in net income of unconsolidated investments (net of tax) 30,999 35,742 31,729
Net income from continuing operations 360,064 230,437 435,726
(Loss) income from discontinued operations (net of tax) 0 (69,531) 4,108
Net income 360,064 160,906 439,834
Net income attributable to noncontrolling interests (25,158) (27,590) (26,663)
Net income attributable to Albemarle Corporation $ 334,906 $ 133,316 $ 413,171
Basic earnings per share from continuing operations (in dollars per share) $ 3.01 $ 2.57 $ 4.88
Basic earnings (loss) per share from discontinued operations (in dollars per share) 0.00 (0.88) 0.05
Basic earnings per share (in dollars per share) 3.01 1.69 4.93
Diluted earnings per share from continuing operations (in dollars per share) 3.00 2.57 4.85
Diluted earnings (loss) per share from discontinued operations (in dollars per share) 0.00 (0.88) 0.05
Diluted earnings per share (in dollars per share) $ 3.00 $ 1.69 $ 4.90
Weighted-average common shares outstanding—basic (in shares) 111,182 78,696 83,839
Weighted-average common shares outstanding—diluted (in shares) 111,556 79,102 84,322
Cash dividends declared per share of common stock (in dollars per share) $ 1.16 $ 1.10 $ 0.96