ALB-PA — compare financials

Income Statement

Consolidated Statement of Income

ALBEMARLE CORPORATION (ALB PR A)

Year Ended (In thousands, except shares and per share data)

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenues	$5,142,733	$5,377,526	$9,617,203
Unconsolidated Affiliates	$16,344	$30,090	$35,676
Cost of goods sold	$4,474,014	$5,314,987	$8,431,294
Related Party	$534,000	$1,700,000	$2,300,000
Gross profit	$668,719	$62,539	$1,185,909
Selling, general and administrative expenses	$550,036	$618,048	$910,002
Goodwill impairment	$181,070
Long-lived asset impairment charges	$245,600
Restructuring charges and asset write-offs	$7,699	$1,134,316	$9,491
Selling, general and administrative expenses	$2,200
Other income, net		$26,100
Research and development expenses	$51,398	$86,720	$85,725
Gain on change in interest in properties/sale of business, net			$(71,190)
Operating (loss) profit	$(367,084)	$(1,776,545)	$251,881
Interest and financing expenses	$(207,651)	$(165,619)	$(116,072)
Other income, net	$22,662	$178,339	$110,929
(Loss) income before income taxes and equity in net income of unconsolidated investments	$(552,073)	$(1,763,825)	$246,738
Income tax expense	$156,881	$87,085	$430,277
Loss before equity in net income of unconsolidated investments	$(708,954)	$(1,850,910)	$(183,539)
Equity in net income of unconsolidated investments (net of tax)	$243,744	$715,433	$1,854,082
Net (loss) income	$(465,210)	$(1,135,477)	$1,670,543
Net income attributable to noncontrolling interests	$(45,418)	$(43,972)	$(97,067)
Net (loss) income attributable to Albemarle Corporation	(510,628)	(1,179,449)	1,573,476
Mandatory convertible preferred stock dividends	$(166,750)	$(136,647)
Net (loss) income attributable to Albemarle Corporation common shareholders, basic	(677,378)	(1,316,096)	1,573,476
Net (loss) income attributable to Albemarle Corporation common shareholders, diluted	(677,378)	(1,316,096)	1,573,476
Basic earnings (loss) per share attributable to common shareholders (in dollars per share)	-5.76	-11.20	13.41
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share)	-5.76	-11.20	13.36
Weighted-average common shares outstanding—basic (in shares)	117,664	117,516	117,317
Weighted-average common shares outstanding—diluted (in shares)	117,664	117,516	117,766

Balance Sheet

Consolidated Balance Sheets

ALBEMARLE CORPORATION (ALB PR A)

As of December 31, 2025 and December 31, 2024 (In thousands, except shares and per share data)

	Dec 31, 2025	Dec 31, 2024
Cash and cash equivalents	$1,618,001	$1,192,230
Trade accounts receivable, less allowance for credit losses (2025—$4,578; 2024—$5,201)	$593,502	$742,201
Other accounts receivable	$105,110	$238,384
Inventories	$1,179,271	$1,502,531
Other current assets	$140,440	$166,916
Current assets held for sale	$371,815
Total current assets	$4,008,139	$3,842,262
Property, plant and equipment, at cost	$11,768,840	$12,523,368
Less accumulated depreciation and amortization	$3,156,429	$3,191,898
Net property, plant and equipment	$8,612,411	$9,331,470
Investments	$900,926	$1,117,739
Other assets	$647,185	$504,711
Goodwill	$1,499,657	$1,582,714
Other intangibles, net of amortization	$214,233	$230,753
Noncurrent assets held for sale	$491,660
Total assets	$16,374,211	$16,609,649
Accounts payable	$913,529	$943,887
Nonrelated Party	$779,160	$793,455
Related Party	$134,369	$150,432
Accrued expenses	$521,831	$467,997
Current portion of long-term debt	$74,077	$398,023
Dividends payable	$61,387	$61,282
Income taxes payable	$35,467	$95,275
Current liabilities held for sale	$191,753
Total current liabilities	$1,798,044	$1,966,464
Long-term debt	$3,119,464	$3,118,142
Postretirement benefits	$44,744	$31,930
Pension benefits	$117,361	$116,192
Other noncurrent liabilities	$1,084,892	$819,204
Deferred income taxes	$368,275	$358,029
Noncurrent liabilities held for sale	$59,970
Commitments and contingencies
Common stock, $.01 par value (authorized 275,000 shares), issued and outstanding — 117,716 in 2025 and 117,560 in 2024	$1,178	$1,176
Mandatory convertible preferred stock, Series A, no par value, $1,000 stated value, authorized - 15,000, issued and outstanding - 2,300 in 2025 and 2024	$2,235,105	$2,235,105
Additional paid-in capital	$3,018,213	$2,985,606
Accumulated other comprehensive loss	$(334,807)	$(742,062)
Retained earnings	$4,613,676	$5,481,692
Total Albemarle Corporation shareholders’ equity	9,533,365	9,961,517
Noncontrolling interests	$248,096	$238,171
Total equity	$9,781,461	$10,199,688
Total liabilities and equity	$16,374,211	$16,609,649

Cash Flow

Consolidated Statement of Cash Flows

ALBEMARLE CORPORATION (ALB PR A)

Year Ended (In thousands, except shares and per share data)

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash and cash equivalents at end of year
Net (loss) income	$(465,210)	$(1,135,477)	$1,670,543
Depreciation and amortization	$658,678	$588,638	$429,944
Non-cash goodwill impairment charges	$181,070
Non-cash long-lived asset impairment charges	$245,600
Non-cash restructuring and asset write-offs		$1,013,444
Gain on change in interest in properties/sale of business, net			$(71,190)
Stock-based compensation and other	$40,271	$32,141	$36,545
Equity in net income of unconsolidated investments (net of tax)	$(243,744)	$(715,433)	$(1,854,082)
Dividends received from unconsolidated investments and nonmarketable securities	$93,739	$358,933	$2,000,862
Pension and postretirement expense (benefit)	$23,377	$(5,274)	$(1,658)
Pension and postretirement contributions	$(20,441)	$(19,379)	$(17,866)
Realized loss on investments in marketable securities		$33,746
Unrealized (gain) loss on investments in marketable securities	$(14,088)	$30,073	$39,864
Loss on early extinguishment of debt	$7,471
Deferred income taxes	$81,169	$(230,406)	$100,877
Decrease (increase) in accounts receivable	$47,315	$555,218	$(350,655)
Decrease (increase) in inventories	$212,351	$1,055,036	$(353,564)
Decrease (increase) in other current assets	$4,027	$244,987	$(171,870)
Increase (decrease) in accounts payable to third parties	$128,145	$(862,237)	$(283,411)
Nonrelated Party	$144,208	$(462,839)	$(315,220)
Related Party	$(16,063)	$(399,398)	$31,809
(Decrease) increase in accrued expenses and income taxes payable	$(36,753)	$(140,099)	$253,518
Noncurrent liability changes and other, net	$339,290	$(116,035)	$(101,274)
Net cash provided by operating activities	$1,282,267	$687,876	$1,326,583
Acquisitions, net of cash acquired			$(426,228)
Capital expenditures	$(589,801)	$(1,680,529)	$(2,154,542)
Proceeds from sale of property and equipment	$32,812	$29,102
Proceeds from sale from investments	$290,908
Proceeds (payments) from settlement of foreign currency forward contracts, net	$114,236	$(15,595)	$221,849
Sales (purchases) of marketable securities, net	$6,077	$82,520	$(204,451)
Investments in equity investments and nonmarketable securities	$(239)	$(270)	$(1,200)
Net cash used in investing activities	$(146,007)	$(1,584,772)	$(2,564,572)
Proceeds from issuance of mandatory convertible preferred stock, net of issuance costs		$2,236,750
Proceeds from borrowings of long-term debt and credit agreements	$56,728	$112,439	$356,047
Repayments of long-term debt and credit agreements	$(505,736)	$(112,439)	$(28,862)
Other (repayments) borrowings, net	$(5,657)	$(631,834)	$617,014
Dividends paid to common shareholders	$(190,530)	$(188,530)	$(187,188)
Dividends paid to mandatory convertible preferred shareholders	$(166,750)	$(122,746)
Dividends paid to noncontrolling interests	$(18,169)	$(37,194)	$(105,631)
Proceeds from exercise of stock options	$3,240	$374	$190
Withholding taxes paid on stock-based compensation award distributions	$(7,258)	$(11,891)	$(27,468)
Other	$(55)	$(3,194)	$(191)
Net cash (used in) provided by financing activities	$(834,187)	$1,241,735	$623,911
Net effect of foreign exchange on cash and cash equivalents	$123,698	$(42,509)	$4,836
Increase (decrease) in cash and cash equivalents	$425,771	$302,330	$(609,242)
Cash and cash equivalents at end of year