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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 2,310,596 $ 2,091,805 $ 7,261,038 $ 4,699,126
Cost of goods sold 2,255,662 1,047,991 5,371,077 2,625,858
Gross profit 54,934 1,043,814 1,889,961 2,073,268
Selling, general and administrative expenses 173,866 134,479 725,242 375,989
Research and development expenses 21,082 18,358 62,972 51,827
Loss on sale of interest in properties 0 0 0 8,400
Operating (loss) profit (140,014) 890,977 1,101,747 1,637,052
Interest and financing expenses (29,332) (29,691) (81,686) (98,934)
Other income, net 11,182 7,974 147,628 32,237
(Loss) income before income taxes and equity in net income of unconsolidated investments (158,164) 869,260 1,167,689 1,570,355
Income tax (benefit) expense (8,551) 196,938 311,399 366,486
(Loss) income before equity in net income of unconsolidated investments (149,613) 672,322 856,290 1,203,869
Equity in net income of unconsolidated investments (net of tax) 470,306 258,884 1,417,545 449,476
Net income 320,693 931,206 2,273,835 1,653,345
Net income attributable to noncontrolling interests (18,160) (33,991) (82,679) (95,974)
Net income attributable to Albemarle Corporation $ 302,533 $ 897,215 $ 2,191,156 $ 1,557,371
Basic earnings per share (in dollars per share) $ 2.58 $ 7.66 $ 18.68 $ 13.30
Diluted earnings per share (in dollars per share) $ 2.57 $ 7.61 $ 18.60 $ 13.23
Weighted-average common shares outstanding - basic (in shares) 117,349 117,136 117,304 117,106
Weighted-average common shares outstanding - diluted (in shares) 117,783 117,869 117,797 117,749