Operating Segments

3 Months Ended

Mar. 31, 2013

Operating Segments

NOTE 9—Operating Segments:

Segment income represents operating profit (adjusted for significant non-recurring items) and equity in net income of unconsolidated investments and is reduced by net income attributable to noncontrolling interests. Segment data includes intersegment transfers of raw materials at cost and allocations for certain corporate costs.

Summarized financial information concerning our reportable segments is shown in the following table. Corporate & other includes corporate-related items not allocated to the reportable segments.

	Three Months Ended March 31,
	2013			2012
	(In thousands)
Net sales:
Polymer Solutions	$	214,774		$	228,131
Catalysts		235,573			293,522
Fine Chemistry		191,278			190,051
Total net sales	$	641,625		$	711,704
Segment operating profit:
Polymer Solutions	$	43,670		$	54,547
Catalysts		49,045			76,641
Fine Chemistry		36,178			44,363
Total segment operating profit		128,893			175,551
Equity in net income of unconsolidated investments:
Polymer Solutions		2,308			1,845
Catalysts		7,953			6,741
Fine Chemistry		—			—
Corporate & other		—			—
Total equity in net income of unconsolidated investments		10,261			8,586
Net (income) loss attributable to noncontrolling interests:
Polymer Solutions		(708	)		(1,002	)
Catalysts		—			—
Fine Chemistry		(4,821	)		(3,372	)
Corporate & other		—			3
Total net income attributable to noncontrolling interests		(5,529	)		(4,371	)
Segment income:
Polymer Solutions		45,270			55,390
Catalysts		56,998			83,382
Fine Chemistry		31,357			40,991
Total segment income		133,625			179,763
Corporate & other		(14,006	)		(17,621	)
Interest and financing expenses		(5,231	)		(8,734	)
Other expenses, net		(4,209	)		(118	)
Income tax expense		(26,192	)		(39,028	)
Net income attributable to Albemarle Corporation	$	83,987		$	114,262