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.

Paying user area

Try for free

Albemarle Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get full access to the entire website from $10.42/mo, or
get 1-month access to Albemarle Corp. for $22.49.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

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).

The financial data reveals several notable trends and changes in asset composition over the five-year period analyzed.

Cash and Cash Equivalents: There is a clear upward trend in cash and cash equivalents, which nearly tripled from approximately US$555 million at the end of 2018 to about US$1.5 billion by the end of 2022. This significant increase indicates improved liquidity or cash management over time.
Trade Accounts Receivable: Trade accounts receivable showed relatively stable values from 2018 to 2019 but experienced a decline in 2020 before rising sharply in 2022 to nearly double the 2018 figure. This may suggest changes in sales volume or credit policies impacting receivables collection.
Value Added Tax and Consumption Tax Receivables: Tax receivables fluctuated, peaking in 2019 and dropping in 2021, followed by a notable rise in 2022 to approximately US$142 million. This volatility may reflect changes in tax regulations or business operations affecting tax recoverables.
Other Accounts Receivable and Current Assets: Other accounts receivable and other current assets increased steadily, with both nearly tripling or more by 2022. This growth suggests an expansion in other short-term claims or operational activities.
Inventories: Inventories remained relatively stable from 2018 through 2021 but surged dramatically in 2022 to over US$2 billion, more than doubling from the previous year. This sharp increase may indicate stockpiling or expansion in product lines requiring greater inventory levels.
Income Tax and Prepaid Taxes: Income tax receivables showed irregular movements without a clear trend, while prepaid taxes were reported starting in 2021 and increased substantially by 2022, indicating potential changes in tax planning or advance tax payments.
Fixed Assets and Investments: Net property, plant, and equipment showed continuous growth, nearly doubling from approximately US$3 billion in 2018 to almost US$7 billion in 2022, indicating ongoing capital investment and asset base expansion. Investments, including joint ventures, marketable securities, and other securities, also increased markedly, reflecting a diversification or intensification of long-term holdings.
Deferred Taxes and Tax-Related Assets: Deferred income taxes and assets related to unrecognized tax benefits showed fluctuations, with a marked increase in deferred taxes in 2022. This may be the result of tax strategy adjustments or timing differences in recognizing income and expenses.
Operating Lease Right-of-Use Assets: This asset category appeared starting from 2019 and remained relatively stable through 2022, suggesting the adoption and maintenance of operating lease accounting standards.
Goodwill and Intangible Assets: Goodwill increased mildly over the period, whereas other intangible assets decreased gradually, which might indicate amortization effects or impairments on intangible assets acquired in prior periods.
Total Assets: Total assets showed consistent growth each year, with a particularly steep increase in 2022, reaching over US$15 billion, up from about US$7.6 billion in 2018. The 2022 jump reflects major increases across several asset categories, especially cash, inventories, property, and investments, pointing to significant business expansion or acquisition activities.

Assets: Selected Items

Download chart

Current Assets: Selected Items