Stock Analysis on Net
Stock Analysis on Net

Albemarle Corp. (NYSE:ALB)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Balance Sheet: Assets
Quarterly Data

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 access

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

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Albemarle Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents
Trade accounts receivable, less allowance for doubtful accounts
Other accounts receivable
Inventories
Other current assets
Assets held for sale
Current assets
Property, plant and equipment, at cost
Accumulated depreciation and amortization
Net property, plant and equipment
Investments
Noncurrent assets held for sale
Other assets
Goodwill
Other intangibles, net of amortization
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

The financial data over multiple quarters reveals notable trends in liquidity, receivables, inventories, assets structure, and overall asset growth.

Liquidity and Cash Position
Cash and cash equivalents fluctuated, showing a general upward trend from Q1 2022 onward, reaching a peak in Q1 2023 at over US$1.58 billion. This suggests an increasing cash reserve and enhanced liquidity in the most recent periods compared to previous years where cash balances experienced more volatility.
Trade and Other Accounts Receivable
Trade accounts receivable displayed relative stability during 2018 and 2019, followed by a marked increase starting from late 2021 continuing through early 2023, peaking above US$1.35 billion. Other accounts receivable also increased significantly from late 2021 forwards, reaching over US$312 million in Q1 2023. The rising receivables could indicate higher sales or extended credit terms.
Inventories
Inventories consistently increased across the periods, from approximately US$667 million in early 2018 up to over US$3.18 billion in Q1 2023. This upward trend may reflect accumulation of raw materials or finished goods, possibly anticipating increased demand or a strategic buildup of stock.
Other Current Assets
Other current assets showed variability with no consistent trend, peaking intermittently. Notably, there was a substantial jump in Q1 2023 to about US$225 million after somewhat lower levels during 2021-2022.
Current Assets Total
Current assets remained fairly stable during early years but showed strong growth starting in 2021, doubling from around US$2 billion in late 2018 to near US$6.66 billion by Q1 2023. This was primarily driven by increases in cash, receivables, and inventories.
Property, Plant, and Equipment (PP&E)
The net PP&E value exhibited a steady increase throughout the period, from approximately US$2.57 billion in early 2018 to over US$7.35 billion in Q1 2023, reflecting ongoing capital investments or acquisitions. The accumulated depreciation figures rose correspondingly, indicating consistent asset usage and aging.
Investments and Noncurrent Assets
Investments remained relatively stable with a mild increasing tendency, spiking sharply in mid-2021, followed by maintaining elevated levels close to US$1.39 billion in early 2023. Noncurrent assets showed a similar gradual increase, crossing US$10.9 billion in Q1 2023, demonstrating an expansion of long-term asset base.
Goodwill and Intangibles
Goodwill experienced a slight downward trend between 2018 and 2022, followed by a resurgence in 2023, suggesting recent acquisitions or revaluation. Other intangibles consistently declined over the period, possibly reflecting amortization effects exceeding new additions.
Total Assets
Total assets were relatively flat from 2018 through 2019 but began a strong growth trajectory starting from 2020, reaching approximately US$17.56 billion in Q1 2023. This growth reflects expansions in multiple asset categories, particularly current assets and PP&E.

Assets: Selected Items

Current Assets: Selected Items