XML 22 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 3,071,976 $ 2,677,203 $ 2,826,429
Cost of goods sold 1,961,996 1,706,627 1,966,196
Gross profit 1,109,980 970,576 860,233
Selling, general and administrative expenses 437,901 380,464 300,440
Research and development expenses 84,330 80,475 89,187
Restructuring and other, net 0 0 (6,804)
Gain on sales of businesses, net 0 (122,298) 0
Acquisition and integration related costs 0 57,384 132,299
Operating profit 587,749 574,551 345,111
Interest and financing expenses (115,350) (65,181) (81,650)
Other (expenses) income, net (25,601) 5,894 47,283
Income from continuing operations before income taxes and equity in net income of unconsolidated investments 446,798 515,264 310,744
Income tax expense 431,817 96,263 11,134
Income from continuing operations before equity in net income of unconsolidated investments 14,981 419,001 299,610
Equity in net income of unconsolidated investments (net of tax) 84,487 59,637 27,978
Net income from continuing operations 99,468 478,638 327,588
Income from discontinued operations (net of tax) 0 202,131 32,476
Net income 99,468 680,769 360,064
Net income attributable to noncontrolling interests (44,618) (37,094) (25,158)
Net income attributable to Albemarle Corporation $ 54,850 $ 643,675 $ 334,906
Basic earnings per share:      
Basic earnings per share from continuing operations (in dollars per share) $ 0.49 $ 3.93 $ 2.72
Basic earnings per share from discontinued operations (in dollars per share) 0.00 1.80 0.29
Basic earnings per share (in dollars per share) 0.49 5.73 3.01
Diluted earnings per share:      
Diluted earnings per share from continuing operations (in dollars per share) 0.49 3.90 2.71
Diluted earnings per share from discontinued operations (in dollars per share) 0.00 1.78 0.29
Diluted earnings per share (in dollars per share) $ 0.49 $ 5.68 $ 3.00
Weighted-average common shares outstanding—basic (in shares) 110,914 112,379 111,182
Weighted-average common shares outstanding—diluted (in shares) 112,380 113,239 111,556
Cash dividends declared per share of common stock (in dollars per share) $ 1.28 $ 1.22 $ 1.16