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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 2,370,190 $ 1,479,593 $ 4,950,442 $ 2,607,321
Cost of goods sold 1,811,703 899,169 3,115,415 1,577,867
Gross profit 558,487 580,424 1,835,027 1,029,454
Selling, general and administrative expenses 397,070 128,942 551,376 241,510
Research and development expenses 21,419 17,386 41,890 33,469
(Gain) loss on sale of business/interest in properties 0 0 0 8,400
Operating profit 139,998 434,096 1,241,761 746,075
Interest and financing expenses (25,577) (41,409) (52,354) (69,243)
Other income, net 53,954 8,767 136,446 24,263
Income before income taxes and equity in net income of unconsolidated investments 168,375 401,454 1,325,853 701,095
Income tax expense 42,987 89,018 319,950 169,548
Income before equity in net income of unconsolidated investments 125,388 312,436 1,005,903 531,547
Equity in net income of unconsolidated investments (net of tax) 551,051 128,156 947,239 190,592
Net income 676,439 440,592 1,953,142 722,139
Net income attributable to noncontrolling interests (26,396) (33,819) (64,519) (61,983)
Net income attributable to Albemarle Corporation $ 650,043 $ 406,773 $ 1,888,623 $ 660,156
Basic earnings per share (in dollars per share) $ 5.54 $ 3.47 $ 16.10 $ 5.64
Diluted earnings per share (in dollars per share) $ 5.52 $ 3.46 $ 16.03 $ 5.61
Weighted-average common shares outstanding - basic (in shares) 117,332 117,116 117,282 117,091
Weighted-average common shares outstanding - diluted (in shares) 117,769 117,724 117,805 117,689