XML 91 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Consolidated Statements Of Income [Abstract]      
Net sales $ 2,869,005 [1] $ 2,362,764 [1] $ 2,005,394 [1]
Cost of goods sold 1,891,946 1,616,842 1,521,532
Gross profit 977,059 745,922 483,862
Selling, general and administrative expenses 312,136 265,722 212,628
Research and development expenses 77,083 58,394 60,918
Restructuring and other charges   6,958 [2] 11,643 [2]
Port de Bouc facility disposition charges     12,393 [3]
Operating profit 587,840 414,848 186,280
Interest and financing expenses (37,574) (25,533) (24,584)
Other income (expenses), net 357 2,788 (1,423)
Income before income taxes and equity in net income of unconsolidated investments 550,623 392,103 160,273
Income tax expense (benefit) 130,014 92,719 (7,028)
Income before equity in net income of unconsolidated investments 420,609 299,384 167,301
Equity in net income of unconsolidated investments (net of tax) 43,754 37,975 22,322
Net income 464,363 337,359 189,623
Net income attributable to noncontrolling interests (28,083) (13,639) (11,255)
Net income attributable to Albemarle Corporation $ 436,280 $ 323,720 $ 178,368
Basic earnings per share $ 4.82 $ 3.54 $ 1.95
Diluted earnings per share $ 4.77 $ 3.51 $ 1.94
Weighted-average common shares outstanding - basic 90,522 91,393 91,512
Weighted-average common shares outstanding - diluted 91,522 92,184 92,046
Cash dividends declared per share of common stock $ 0.67 $ 0.56 $ 0.50
[1] No sales in a foreign country exceed 10% of total net sales. Also, net sales are attributed to countries based upon shipments to final destination.
[2] The year ended December 31, 2010 included charges amounting to $7.0 million ($4.6 million after income taxes) that related principally to reductions in force at our Bergheim, Germany site. The year ended December 31, 2009 results included $11.6 million in pre-tax charges ($7.6 million after income taxes) for restructuring and other costs, related principally to reductions in force and the write-off of assets at our Arkansas facility.
[3] The year ended December 31, 2009 included charges amounting to $12.4 million ($8.2 million after income taxes) that related to the costs of the final contract settlement arising from the divestiture of our Port de Bouc, France facility to International Chemical Investors Group S.A. effective December 31, 2008.