Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Reportable Segments Summarized Financial Information

	Three Months Ended March 31,
	2020			2019
	(In thousands)
Net sales:
Lithium	$	236,818		$	291,886
Bromine Specialties	231,592			249,052
Catalysts	207,207			251,648
All Other	63,228			39,478
Total net sales	$	738,845		$	832,064
Adjusted EBITDA:
Lithium	$	78,637		$	115,616
Bromine Specialties	83,262			78,597
Catalysts	47,470			60,071
All Other	22,824			7,243
Corporate	(35,828		)	(35,660		)
Total adjusted EBITDA	$	196,365		$	225,867

See below for a reconciliation of adjusted EBITDA, the non-GAAP financial measure, from Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with U.S. GAAP (in thousands):

	Lithium		Bromine Specialties		Catalysts		Reportable Segments Total		All Other		Corporate			Consolidated Total
Three months ended March 31, 2020
Net income (loss) attributable to Albemarle Corporation	$	53,240	$	71,665	$	34,892	$	159,797	$	20,846	$	(73,439	)	$	107,204
Depreciation and amortization	25,397		11,597		12,578		49,572		1,978		2,144			53,694
Restructuring and other(a)	—		—		—		—		—		1,847			1,847
Acquisition and integration related costs(b)	—		—		—		—		—		2,951			2,951
Interest and financing expenses	—		—		—		—		—		16,885			16,885
Income tax expense	—		—		—		—		—		18,442			18,442
Non-operating pension and OPEB items	—		—		—		—		—		(2,908		)	(2,908		)
Other(c)	—		—		—		—		—		(1,750		)	(1,750		)
Adjusted EBITDA	$	78,637	$	83,262	$	47,470	$	209,369	$	22,824	$	(35,828	)	$	196,365
Three months ended March 31, 2019
Net income (loss) attributable to Albemarle Corporation	$	93,169	$	67,480	$	47,859	$	208,508	$	5,206	$	(80,145	)	$	133,569
Depreciation and amortization	22,092		11,117		12,212		45,421		2,037		1,825			49,283
Acquisition and integration related costs(b)	—		—		—		—		—		5,285			5,285
Gain on sale of property(d)	—		—		—		—		—		(11,079		)	(11,079		)
Interest and financing expenses	—		—		—		—		—		12,586			12,586
Income tax expense	—		—		—		—		—		37,514			37,514
Non-operating pension and OPEB items	—		—		—		—		—		(583		)	(583		)
Other(e)	355		—		—		355		—		(1,063		)	(708		)
Adjusted EBITDA	$	115,616	$	78,597	$	60,071	$	254,284	$	7,243	$	(35,660	)	$	225,867

(a) Severance payments as part of a business reorganization plan, $0.7 million recorded in Cost of goods sold, $1.5 million recorded in Selling, general and administrative expenses and a $0.3 million gain recorded in Net income attributable to noncontrolling interest for the portion of severance expense allocated to our Jordanian joint venture partner.

(b) Included acquisition and integration related costs relating to various significant projects. For the three-month periods ended March 31, 2020 and 2019, $3.0 million and $5.3 million was recorded in Selling, general and administrative expenses, respectively.

(c) Included amounts for the three months ended March 31, 2020 recorded in:

▪ Other income, net - $2.6 million gain resulting from the settlement of a legal matter related to a business sold, partially offset by a $0.8 million loss resulting from the adjustment of indemnifications related to previously disposed businesses.

(d) Gain recorded in Other income, net related to the sale of land in Pasadena, Texas not used as part of our operations.

(e) Included amounts for the three months ended March 31, 2019 recorded in:

▪ Cost of goods sold - $0.4 million related to non-routine labor and compensation related costs in Chile that are outside normal compensation arrangements.

▪ Selling, general and administrative expenses - Severance payments as part of a business reorganization plan of $0.5 million.

▪

Other income, net - $1.6 million of a net gain resulting from the adjustment of indemnifications and other liabilities related to previously disposed businesses.