Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2013

Consolidated Statements of Income


Three Months Ended March 31, 2012 (In Thousands, Except Per Share Amounts)	As Previously Reported			Effect of Accounting Change			As Adjusted

Net sales	$	711,704		$	—		$	711,704
Cost of goods sold		463,817			(3,093	)		460,724

Gross profit		247,887			3,093			250,980
Selling, general and administrative expenses		80,692			(6,688	)		74,004
Research and development expenses		19,049			—			19,049

Operating profit		148,146			9,781			157,927
Interest and financing expenses		(8,734	)		—			(8,734	)
Other expenses, net		(118	)		—			(118	)

Income before income taxes and equity in net income of unconsolidated investments		139,294			9,781			149,075
Income tax expense		35,466			3,562			39,028

Income before equity in net income of unconsolidated investments		103,828			6,219			110,047
Equity in net income of unconsolidated investments (net of tax)		8,586			—			8,586

Net income	$	112,414		$	6,219		$	118,633
Net income attributable to noncontrolling interests		(4,371	)		—			(4,371	)

Net income attributable to Albemarle Corporation	$	108,043		$	6,219		$	114,262

Basic earnings per share	$	1.21		$	0.07		$	1.28

Diluted earnings per share	$	1.20		$	0.07		$	1.27

Weighted-average common shares outstanding – basic		88,997			—			88,997

Weighted-average common shares outstanding – diluted		89,947			—			89,947

Cash dividends declared per share of common stock	$	0.20		$	—		$	0.20

Consolidated Statements of Comprehensive Income


Three Months Ended March 31, 2012 (In Thousands)	As Previously Reported			Effect of Accounting Change			As Adjusted

Net income	$	112,414		$	6,219		$	118,633

Other comprehensive income (loss), net of tax:
Foreign currency translation		29,012			—			29,012
Pension and postretirement benefits		6,039			(6,219	)		(180	)
Other		35			—			35

Total other comprehensive income, net of tax		35,086			(6,219	)		28,867

Comprehensive income		147,500			—			147,500
Comprehensive income attributable to non-controlling interests		(4,516	)		—			(4,516	)

Comprehensive income attributable to Albemarle Corporation	$	142,984		$	—		$	142,984

Consolidated Statements of Changes In Equity


Three Months Ended March 31, 2012 (In Thousands)	As Previously Reported			Effect of Accounting Change			As Adjusted

Accumulated other comprehensive (loss) income:
Balance at January 1, 2012	$	(222,922	)	$	283,251		$	60,329
Other comprehensive income		34,941			(6,219	)		28,722

Balance at March 31, 2012	$	(187,981	)	$	277,032		$	89,051


Retained earnings:
Balance at January 1, 2012	$	1,798,117		$	(283,251	)	$	1,514,866
Net income		108,043			6,219			114,262
Cash dividends declared		(17,824	)		—			(17,824	)

Balance at March 31, 2012	$	1,888,336		$	(277,032	)	$	1,611,304

Consolidated Statements of Cash Flows


Three Months Ended March 31, 2012 (In Thousands)	As Previously Reported		Effect of Accounting Change			As Adjusted

Cash flows from operating activities:
Net income	$	112,414	$	6,219		$	118,633
Pension and postretirement expense		10,024		(9,781	)		243
Deferred income taxes		7,238		3,562			10,800