XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 773,896 $ 764,049 $ 1,603,187 $ 1,502,894
Cost of goods sold 525,479 530,690 1,091,083 1,027,517
Gross profit 248,417 233,359 512,104 475,377
Selling, general and administrative expenses 121,516 106,949 214,703 208,826
Research and development expenses 13,976 14,210 28,612 30,307
Gain (Loss) on Disposition of Business (429,408) 0 (429,408) 0
Operating profit 542,333 112,200 698,197 236,244
Interest and financing expenses (7,152) (17,852) (51,034) (34,737)
Other income (expense), net 14 (6,273) 11,326 2,041
Income before income taxes and equity in net income of unconsolidated investments 535,195 88,075 658,489 203,548
Income tax expense 106,985 15,431 129,092 33,873
Income before equity in net income of unconsolidated investments 428,210 72,644 529,397 169,675
Equity in net income of unconsolidated investments (net of tax) 17,998 31,114 34,509 57,718
Net income 446,208 103,758 563,906 227,393
Net income attributable to noncontrolling interests (21,608) (18,134) (43,629) (34,565)
Net income attributable to Albemarle Corporation $ 424,600 $ 85,624 $ 520,277 $ 192,828
Basic earnings per share (in dollars per share) $ 3.63 $ 0.81 $ 4.54 $ 1.81
Diluted earnings per share (in dollars per share) $ 3.62 $ 0.80 $ 4.51 $ 1.81
Weighted-average common shares outstanding - basic (in shares) 116,809 106,329 114,700 106,278
Weighted-average common shares outstanding - diluted (in shares) 117,436 106,535 115,383 106,524