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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,479,593 $ 773,896 $ 2,607,321 $ 1,603,187
Cost of goods sold 899,169 525,479 1,577,867 1,091,083
Gross profit 580,424 248,417 1,029,454 512,104
Selling, general and administrative expenses 128,942 121,516 241,510 214,703
Research and development expenses 17,386 13,976 33,469 28,612
(Gain) loss on sale of business/interest in properties 0 (429,408) 8,400 (429,408)
Operating profit 434,096 542,333 746,075 698,197
Interest and financing expenses (41,409) (7,152) (69,243) (51,034)
Other income, net 8,767 14 24,263 11,326
Income before income taxes and equity in net income of unconsolidated investments 401,454 535,195 701,095 658,489
Income tax expense 89,018 106,985 169,548 129,092
Income before equity in net income of unconsolidated investments 312,436 428,210 531,547 529,397
Equity in net income of unconsolidated investments (net of tax) 128,156 17,998 190,592 34,509
Net income 440,592 446,208 722,139 563,906
Net income attributable to noncontrolling interests (33,819) (21,608) (61,983) (43,629)
Net income attributable to Albemarle Corporation $ 406,773 $ 424,600 $ 660,156 $ 520,277
Basic earnings per share (in dollars per share) $ 3.47 $ 3.63 $ 5.64 $ 4.54
Diluted earnings per share (in dollars per share) $ 3.46 $ 3.62 $ 5.61 $ 4.51
Weighted-average common shares outstanding - basic (in shares) 117,116 116,809 117,091 114,700
Weighted-average common shares outstanding - diluted (in shares) 117,724 117,436 117,689 115,383