Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Albemarle Corp., adjusted current assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	5,186,917)	2,007,981)	2,206,184)	2,225,109)	1,998,421)
Adjustments
Add: Allowance for doubtful accounts	2,534)	2,559)	2,083)	3,711)	4,460)
Add: LIFO reserve¹	57,900)	45,300)	29,700)	30,800)	32,800)
After Adjustment
Adjusted current assets	5,247,351)	2,055,840)	2,237,967)	2,259,620)	2,035,681)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ LIFO reserve. See details »

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Albemarle Corp., adjusted total assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	15,456,522)	10,974,118)	10,450,946)	9,860,863)	7,581,674)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	132,098)
Add: Allowance for doubtful accounts	2,534)	2,559)	2,083)	3,711)	4,460)
Add: LIFO reserve²	57,900)	45,300)	29,700)	30,800)	32,800)
Less: Noncurrent deferred tax assets³	46,434)	18,797)	20,317)	15,275)	17,029)
After Adjustment
Adjusted total assets	15,470,522)	11,003,180)	10,462,412)	9,880,099)	7,734,003)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Noncurrent deferred tax assets. See details »

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Albemarle Corp., adjusted total liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	7,265,675)	5,168,511)	5,982,352)	5,767,283)	3,822,566)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	132,098)
Less: Noncurrent deferred tax liabilities²	480,770)	353,279)	394,852)	397,858)	382,982)
After Adjustment
Adjusted total liabilities	6,784,905)	4,815,232)	5,587,500)	5,369,425)	3,571,682)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Albemarle Corp., adjusted total Albemarle Corporation shareholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total Albemarle Corporation shareholders’ equity	7,982,627)	5,625,266)	4,268,227)	3,932,250)	3,585,321)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(434,336)	(334,482)	(374,535)	(382,583)	(365,953)
Add: Allowance for doubtful accounts	2,534)	2,559)	2,083)	3,711)	4,460)
Add: LIFO reserve²	57,900)	45,300)	29,700)	30,800)	32,800)
Add: Noncontrolling interests	208,220)	180,341)	200,367)	161,330)	173,787)
After Adjustment
Adjusted total equity	8,685,617)	6,187,948)	4,874,912)	4,510,674)	4,162,321)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Net deferred tax assets (liabilities). See details »

² LIFO reserve. See details »

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Albemarle Corp., adjusted capitalization table

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current portion of long-term debt	2,128)	389,920)	804,677)	187,336)	307,294)
Long-term debt, excluding current portion	3,214,972)	2,004,319)	2,767,381)	2,862,921)	1,397,916)
Total reported debt	3,217,100)	2,394,239)	3,572,058)	3,050,257)	1,705,210)
Total Albemarle Corporation shareholders’ equity	7,982,627)	5,625,266)	4,268,227)	3,932,250)	3,585,321)
Total reported capital	11,199,727)	8,019,505)	7,840,285)	6,982,507)	5,290,531)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	132,098)
Add: Current operating lease liabilities (included in Accrued expenses)²	35,515)	31,603)	22,297)	23,137)	—)
Add: Noncurrent operating lease liabilities³	99,269)	126,997)	116,765)	114,686)	—)
Adjusted total debt	3,351,884)	2,552,839)	3,711,120)	3,188,080)	1,837,308)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(434,336)	(334,482)	(374,535)	(382,583)	(365,953)
Add: Allowance for doubtful accounts	2,534)	2,559)	2,083)	3,711)	4,460)
Add: LIFO reserve⁵	57,900)	45,300)	29,700)	30,800)	32,800)
Add: Noncontrolling interests	208,220)	180,341)	200,367)	161,330)	173,787)
Adjusted total equity	8,685,617)	6,187,948)	4,874,912)	4,510,674)	4,162,321)
After Adjustment
Adjusted total capital	12,037,501)	8,740,787)	8,586,032)	7,698,754)	5,999,629)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included in Accrued expenses). See details »

³ Noncurrent operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

⁵ LIFO reserve. See details »

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Albemarle Corp., adjusted net income attributable to Albemarle Corporation

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income attributable to Albemarle Corporation	2,689,816)	123,672)	375,764)	533,228)	693,562)
Adjustments
Add: Deferred income tax expense (benefit)¹	93,339)	(38,500)	(1,976)	14,394)	49,164)
Add: Increase (decrease) in allowance for doubtful accounts	(25)	476)	(1,628)	(749)	(5,965)
Add: Increase (decrease) in LIFO reserve²	12,600)	15,600)	(1,100)	(2,000)	(300)
Add: Other comprehensive income (loss), net of tax	(168,295)	(66,478)	69,850)	(45,520)	(125,195)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	125,232)	76,110)	71,098)	70,662)	45,396)
After Adjustment
Adjusted net income	2,752,667)	110,880)	512,008)	570,015)	656,662)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Albemarle Corp. (NYSE:ALB)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income