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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 2,091,805 $ 830,566 $ 4,699,126 $ 2,433,753
Cost of goods sold 1,047,991 581,293 2,625,858 1,672,376
Gross profit 1,043,814 249,273 2,073,268 761,377
Selling, general and administrative expenses 134,479 103,477 375,989 318,180
Research and development expenses 18,358 13,289 51,827 41,901
(Gain) loss on sale of business/interest in properties 0 984 8,400 (428,424)
Operating profit 890,977 131,523 1,637,052 829,720
Interest and financing expenses (29,691) (5,136) (98,934) (56,170)
Other income (expense), net 7,974 (643,196) 32,237 (631,870)
Income (loss) before income taxes and equity in net income of unconsolidated investments 869,260 (516,809) 1,570,355 141,680
Income tax expense (benefit) 196,938 (114,670) 366,486 14,422
Income (loss) before equity in net income of unconsolidated investments 672,322 (402,139) 1,203,869 127,258
Equity in net income of unconsolidated investments (net of tax) 258,884 27,706 449,476 62,215
Net income (loss) 931,206 (374,433) 1,653,345 189,473
Net income attributable to noncontrolling interests (33,991) (18,348) (95,974) (61,977)
Net income (loss) attributable to Albemarle Corporation $ 897,215 $ (392,781) $ 1,557,371 $ 127,496
Basic earnings per share (in dollars per share) $ 7.66 $ (3.36) $ 13.30 $ 1.10
Diluted earnings per share (in dollars per share) $ 7.61 $ (3.36) $ 13.23 $ 1.10
Weighted-average common shares outstanding - basic (in shares) 117,136 116,965 117,106 115,455
Weighted-average common shares outstanding - diluted (in shares) 117,869 116,965 117,749 116,140