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.

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	1,499,142)	439,272)	746,724)	613,110)	555,320)
Trade accounts receivable, less allowance for doubtful accounts	1,190,970)	556,922)	530,838)	612,651)	605,712)
Value added tax/consumption tax	141,856)	35,758)	45,309)	52,059)	40,480)
Other	43,963)	30,426)	16,649)	15,492)	11,579)
Other accounts receivable	185,819)	66,184)	61,958)	67,551)	52,059)
Inventories	2,076,031)	812,920)	750,237)	768,984)	700,540)
Income tax receivables	71,795)	76,952)	45,031)	72,246)	40,116)
Prepaid taxes	97,682)	12,573)	—)	—)	—)
Other prepaid expenses	58,754)	37,360)	57,531)	83,637)	43,172)
Other	6,724)	5,798)	13,865)	6,930)	1,502)
Other current assets	234,955)	132,683)	116,427)	162,813)	84,790)
Current assets	5,186,917)	2,007,981)	2,206,184)	2,225,109)	1,998,421)
Net property, plant and equipment	6,962,997)	5,909,616)	5,354,625)	4,909,473)	3,021,084)
Joint ventures	832,119)	593,344)	604,964)	534,430)	486,032)
Available for sale debt securities	260,139)	246,517)	—)	—)	—)
Nonmarketable securities	18,760)	20,660)	14,171)	11,746)	9,177)
Marketable equity securities	39,535)	37,187)	37,109)	33,637)	33,513)
Investments	1,150,553)	897,708)	656,244)	579,813)	528,722)
Deferred income taxes	46,434)	18,797)	20,317)	15,275)	17,029)
Assets related to unrecognized tax benefits	32,421)	32,868)	24,112)	26,127)	12,984)
Operating lease right-of-use assets	128,173)	154,741)	136,292)	133,864)	—)
Other	43,530)	45,833)	38,547)	37,795)	50,122)
Other assets	250,558)	252,239)	219,268)	213,061)	80,135)
Goodwill	1,617,627)	1,597,627)	1,665,520)	1,578,785)	1,567,169)
Other intangibles, net of amortization	287,870)	308,947)	349,105)	354,622)	386,143)
Noncurrent assets	10,269,605)	8,966,137)	8,244,762)	7,635,754)	5,583,253)
Total assets	15,456,522)	10,974,118)	10,450,946)	9,860,863)	7,581,674)

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

Download chart

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

Download chart

Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Albemarle Corp. cash and cash equivalents decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Trade accounts receivable, less allowance for doubtful accounts	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Albemarle Corp. trade accounts receivable, less allowance for doubtful accounts increased from 2020 to 2021 and from 2021 to 2022.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Albemarle Corp. inventories increased from 2020 to 2021 and from 2021 to 2022.

Albemarle Corp. (NYSE:ALB)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items