XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 746,868 $ 879,747 $ 2,249,762 $ 2,596,863
Cost of goods sold 492,812 569,880 1,520,329 1,677,596
Gross profit 254,056 309,867 729,433 919,267
Selling, general and administrative expenses 96,092 108,135 304,918 348,205
Research and development expenses 13,532 15,585 43,839 44,024
Operating profit 144,432 186,147 380,676 527,038
Interest and financing expenses (19,227) (11,108) (53,964) (35,295)
Other expenses, net (3,661) (11,316) (1,620) (7,090)
Income before income taxes and equity in net income of unconsolidated investments 121,544 163,723 325,092 484,653
Income tax expense 30,653 25,341 64,526 93,266
Income before equity in net income of unconsolidated investments 90,891 138,382 260,566 391,387
Equity in net income of unconsolidated investments (net of tax) 26,154 33,236 83,872 106,727
Net income 117,045 171,618 344,438 498,114
Net income attributable to noncontrolling interests (18,744) (16,548) (53,309) (55,277)
Net income attributable to Albemarle Corporation $ 98,301 $ 155,070 $ 291,129 $ 442,837
Basic earnings per share (in dollars per share) $ 0.92 $ 1.46 $ 2.74 $ 4.18
Diluted earnings per share (in dollars per share) $ 0.92 $ 1.46 $ 2.73 $ 4.16
Weighted-average common shares outstanding - basic (in shares) 106,386 105,999 106,314 105,920
Weighted-average common shares outstanding - diluted (in shares) 106,873 106,299 106,640 106,324