Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Albemarle Corp., consolidated balance sheet: assets

US$ in thousands

		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020		Dec 31, 2019		Dec 31, 2018
	Cash and cash equivalents
	Trade accounts receivable, less allowance for doubtful accounts
	Value added tax/consumption tax
	Other
	Other accounts receivable
	Inventories
	Income tax receivables
	Prepaid taxes
	Other prepaid expenses
	Other
	Other current assets
	Current assets
	Net property, plant and equipment
	Joint ventures
	Available for sale debt securities
	Nonmarketable securities
	Marketable equity securities
	Investments
	Deferred income taxes
	Assets related to unrecognized tax benefits
	Operating lease right-of-use assets
	Other
	Other assets
	Goodwill
	Other intangibles, net of amortization
	Noncurrent assets
	Total assets

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Albemarle Corp. current assets decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Net property, plant and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Albemarle Corp. net property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Albemarle Corp. noncurrent assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Albemarle Corp. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items