XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 233,599 $ 213,734
Trade accounts receivable, less allowance for doubtful accounts (2016 – $14,078; 2015 – $3,390) 441,266 397,912
Other accounts receivable 50,250 74,989
Inventories [1] 504,984 439,513
Other current assets 72,027 62,922
Assets held for sale 255,577 641,932
Total current assets 1,557,703 1,831,002
Property, plant and equipment, at cost 3,890,254 3,700,472
Less accumulated depreciation and amortization 1,545,287 1,379,377
Net property, plant and equipment 2,344,967 2,321,095
Investments 468,765 435,584
Noncurrent assets held for sale 2,975,016 2,971,455
Other assets 185,943 194,398
Goodwill [2] 1,484,182 1,460,552 [3]
Other intangibles, net of amortization [4] 380,368 383,868
Total assets 9,396,944 9,597,954
Current liabilities:    
Accounts payable 241,511 239,572
Accrued expenses 240,652 313,259
Current portion of long-term debt 400,892 674,994
Dividends payable 34,077 32,306
Liabilities held for sale 135,735 329,598
Income taxes payable 23,967 26,956
Total current liabilities 1,076,834 1,616,685
Long-term debt 3,048,440 3,142,163
Postretirement benefits 49,157 49,647
Pension benefits 292,853 299,983
Noncurrent liabilities held for sale 466,687 464,207
Other noncurrent liabilities 228,270 239,104
Deferred income taxes 783,270 384,852
Commitments and contingencies (Note 11)
Albemarle Corporation shareholders’ equity:    
Common stock, $.01 par value, issued and outstanding – 112,466 in 2016 and 112,219 in 2015 1,124 1,122
Additional paid-in capital 2,078,169 2,059,151
Accumulated other comprehensive loss (334,431) (421,288)
Retained earnings 1,554,160 1,615,407
Total Albemarle Corporation shareholders’ equity 3,299,022 3,254,392
Noncontrolling interests 152,411 146,921
Total equity 3,451,433 3,401,313
Total liabilities and equity $ 9,396,944 $ 9,597,954
[1] As of September 30, 2016 and December 31, 2015, $74.5 million and $162.8 million, respectively, of inventories were classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3, “Divestitures,” for additional information.
[2] As of September 30, 2016 and December 31, 2015, $1.5 billion of Goodwill was classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3, “Divestitures,” for additional information.
[3] The December 31, 2015 balances have been recast to reflect a change in segments. See Note 12, “Segment Information,” for further details.
[4] As of September 30, 2016 and December 31, 2015, $1.3 billion and $1.4 billion, respectively, of Other intangibles, net of amortization were classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3 “Divestitures,” for additional information.