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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 2,580,252 $ 1,127,728
Cost of goods sold 1,303,712 678,698
Gross profit 1,276,540 449,030
Selling, general and administrative expenses 154,306 112,568
Research and development expenses 20,471 16,083
(Gain) loss on sale of business/interest in properties 0 8,400
Operating profit 1,101,763 311,979
Interest and financing expenses (26,777) (27,834)
Other income, net 82,492 15,496
Income before income taxes and equity in net income of unconsolidated investments 1,157,478 299,641
Income tax expense 276,963 80,530
Income before equity in net income of unconsolidated investments 880,515 219,111
Equity in net income of unconsolidated investments (net of tax) 396,188 62,436
Net income 1,276,703 281,547
Net income attributable to noncontrolling interests (38,123) (28,164)
Net income attributable to Albemarle Corporation $ 1,238,580 $ 253,383
Basic earnings per share (in dollars per share) $ 10.57 $ 2.16
Diluted earnings per share (in dollars per share) $ 10.51 $ 2.15
Weighted-average common shares outstanding - basic (in shares) 117,232 117,066
Weighted-average common shares outstanding - diluted (in shares) 117,841 117,653