Analysis of Reportable Segments
Albemarle Corp. operates in 3 segments: Lithium; Bromine; and Catalysts.
Segment Profit Margin
Albemarle Corp., profit margin by reportable segment
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 61.94% | 35.18% | 34.34% | 38.65% | 43.22% |
| Bromine | 32.37% | 31.97% | 33.54% | 32.71% | 31.39% |
| Catalysts | 3.19% | 14.05% | 16.31% | 25.49% | 25.81% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Lithium | Lithium segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Bromine | Bromine segment profit margin ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. | |
| Catalysts | Catalysts segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: Lithium
Albemarle Corp.; Lithium; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Adjusted EBITDA | 3,102,662) | 479,538) | 393,093) | 524,934) | 530,773) |
| Net sales | 5,008,850) | 1,363,284) | 1,144,778) | 1,358,170) | 1,228,171) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 61.94% | 35.18% | 34.34% | 38.65% | 43.22% |
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 2022 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Net sales
= 100 × 3,102,662 ÷ 5,008,850 = 61.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Lithium | Lithium segment profit margin ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Profit Margin: Bromine
Albemarle Corp.; Bromine; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Adjusted EBITDA | 456,916) | 360,682) | 323,605) | 328,457) | 288,116) |
| Net sales | 1,411,682) | 1,128,343) | 964,962) | 1,004,216) | 917,880) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 32.37% | 31.97% | 33.54% | 32.71% | 31.39% |
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 2022 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Net sales
= 100 × 456,916 ÷ 1,411,682 = 32.37%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Bromine | Bromine segment profit margin ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
Segment Profit Margin: Catalysts
Albemarle Corp.; Catalysts; segment profit margin calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Adjusted EBITDA | 28,732) | 106,941) | 130,134) | 270,624) | 284,307) |
| Net sales | 899,572) | 761,235) | 797,914) | 1,061,817) | 1,101,554) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 3.19% | 14.05% | 16.31% | 25.49% | 25.81% |
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 2022 Calculation
Segment profit margin = 100 × Adjusted EBITDA ÷ Net sales
= 100 × 28,732 ÷ 899,572 = 3.19%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Catalysts | Catalysts segment profit margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Return on Assets (Segment ROA)
Albemarle Corp., ROA by reportable segment
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 28.74% | 6.25% | 5.51% | 7.99% | 11.53% |
| Bromine | 42.60% | 38.38% | 37.30% | 41.09% | 38.25% |
| Catalysts | 2.37% | 9.30% | 12.21% | 23.26% | 25.05% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Lithium | Lithium segment ROA improved from 2020 to 2021 and from 2021 to 2022. |
| Bromine | Bromine segment ROA improved from 2020 to 2021 and from 2021 to 2022. | |
| Catalysts | Catalysts segment ROA deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment ROA: Lithium
Albemarle Corp.; Lithium; segment ROA calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Adjusted EBITDA | 3,102,662) | 479,538) | 393,093) | 524,934) | 530,773) |
| Identifiable assets | 10,795,997) | 7,676,259) | 7,134,229) | 6,570,791) | 4,605,070) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 28.74% | 6.25% | 5.51% | 7.99% | 11.53% |
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 2022 Calculation
Segment ROA = 100 × Adjusted EBITDA ÷ Identifiable assets
= 100 × 3,102,662 ÷ 10,795,997 = 28.74%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Lithium | Lithium segment ROA improved from 2020 to 2021 and from 2021 to 2022. |
Segment ROA: Bromine
Albemarle Corp.; Bromine; segment ROA calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Adjusted EBITDA | 456,916) | 360,682) | 323,605) | 328,457) | 288,116) |
| Identifiable assets | 1,072,535) | 939,808) | 867,648) | 799,456) | 753,157) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 42.60% | 38.38% | 37.30% | 41.09% | 38.25% |
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 2022 Calculation
Segment ROA = 100 × Adjusted EBITDA ÷ Identifiable assets
= 100 × 456,916 ÷ 1,072,535 = 42.60%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Bromine | Bromine segment ROA improved from 2020 to 2021 and from 2021 to 2022. |
Segment ROA: Catalysts
Albemarle Corp.; Catalysts; segment ROA calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Adjusted EBITDA | 28,732) | 106,941) | 130,134) | 270,624) | 284,307) |
| Identifiable assets | 1,214,482) | 1,149,592) | 1,066,089) | 1,163,590) | 1,134,975) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 2.37% | 9.30% | 12.21% | 23.26% | 25.05% |
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 2022 Calculation
Segment ROA = 100 × Adjusted EBITDA ÷ Identifiable assets
= 100 × 28,732 ÷ 1,214,482 = 2.37%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Catalysts | Catalysts segment ROA deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Asset Turnover
Albemarle Corp., asset turnover by reportable segment
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 0.46 | 0.18 | 0.16 | 0.21 | 0.27 |
| Bromine | 1.32 | 1.20 | 1.11 | 1.26 | 1.22 |
| Catalysts | 0.74 | 0.66 | 0.75 | 0.91 | 0.97 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Lithium | Lithium segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Bromine | Bromine segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Catalysts | Catalysts segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Segment Asset Turnover: Lithium
Albemarle Corp.; Lithium; segment asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 5,008,850) | 1,363,284) | 1,144,778) | 1,358,170) | 1,228,171) |
| Identifiable assets | 10,795,997) | 7,676,259) | 7,134,229) | 6,570,791) | 4,605,070) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.46 | 0.18 | 0.16 | 0.21 | 0.27 |
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 2022 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 5,008,850 ÷ 10,795,997 = 0.46
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Lithium | Lithium segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Asset Turnover: Bromine
Albemarle Corp.; Bromine; segment asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 1,411,682) | 1,128,343) | 964,962) | 1,004,216) | 917,880) |
| Identifiable assets | 1,072,535) | 939,808) | 867,648) | 799,456) | 753,157) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.32 | 1.20 | 1.11 | 1.26 | 1.22 |
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 2022 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 1,411,682 ÷ 1,072,535 = 1.32
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Bromine | Bromine segment asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Asset Turnover: Catalysts
Albemarle Corp.; Catalysts; segment asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales | 899,572) | 761,235) | 797,914) | 1,061,817) | 1,101,554) |
| Identifiable assets | 1,214,482) | 1,149,592) | 1,066,089) | 1,163,590) | 1,134,975) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.74 | 0.66 | 0.75 | 0.91 | 0.97 |
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 2022 Calculation
Segment asset turnover = Net sales ÷ Identifiable assets
= 899,572 ÷ 1,214,482 = 0.74
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Catalysts | Catalysts segment asset turnover ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level. |
Segment Capital Expenditures to Depreciation
Albemarle Corp., capital expenditures to depreciation by reportable segment
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 5.34 | 5.86 | 6.38 | 6.69 | 5.26 |
| Bromine | 2.84 | 1.38 | 1.14 | 1.73 | 1.91 |
| Catalysts | 1.29 | 0.96 | 0.89 | 1.16 | 1.06 |
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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Lithium | Lithium segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Bromine | Bromine segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Catalysts | Catalysts segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: Lithium
Albemarle Corp.; Lithium; segment capital expenditures to depreciation calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 1,010,661) | 813,128) | 720,563) | 665,585) | 500,849) |
| Depreciation and amortization | 189,347) | 138,772) | 112,854) | 99,424) | 95,193) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 5.34 | 5.86 | 6.38 | 6.69 | 5.26 |
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 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,010,661 ÷ 189,347 = 5.34
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Lithium | Lithium segment capital expenditures to depreciation ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: Bromine
Albemarle Corp.; Bromine; segment capital expenditures to depreciation calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 153,407) | 70,711) | 57,486) | 82,208) | 79,357) |
| Depreciation and amortization | 54,096) | 51,181) | 50,310) | 47,611) | 41,607) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.84 | 1.38 | 1.14 | 1.73 | 1.91 |
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 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 153,407 ÷ 54,096 = 2.84
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Bromine | Bromine segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022. |
Segment Capital Expenditures to Depreciation: Catalysts
Albemarle Corp.; Catalysts; segment capital expenditures to depreciation calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 66,319) | 49,312) | 44,448) | 57,939) | 52,019) |
| Depreciation and amortization | 51,417) | 51,588) | 49,985) | 50,144) | 49,131) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.29 | 0.96 | 0.89 | 1.16 | 1.06 |
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 2022 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 66,319 ÷ 51,417 = 1.29
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Catalysts | Catalysts segment capital expenditures to depreciation ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net sales
Albemarle Corp., net sales by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 5,008,850) | 1,363,284) | 1,144,778) | 1,358,170) | 1,228,171) |
| Bromine | 1,411,682) | 1,128,343) | 964,962) | 1,004,216) | 917,880) |
| Catalysts | 899,572) | 761,235) | 797,914) | 1,061,817) | 1,101,554) |
| All Other | —) | 75,095) | 221,255) | 165,224) | 127,186) |
| Corporate | —) | —) | —) | —) | 159) |
| Total | 7,320,104) | 3,327,957) | 3,128,909) | 3,589,427) | 3,374,950) |
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).
Adjusted EBITDA
Albemarle Corp., adjusted ebitda by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 3,102,662) | 479,538) | 393,093) | 524,934) | 530,773) |
| Bromine | 456,916) | 360,682) | 323,605) | 328,457) | 288,116) |
| Catalysts | 28,732) | 106,941) | 130,134) | 270,624) | 284,307) |
| All Other | —) | 29,858) | 84,821) | 49,628) | 14,091) |
| Corporate | (112,453) | (106,045) | (112,915) | (136,862) | (110,623) |
| Total | 3,475,857) | 870,974) | 818,738) | 1,036,781) | 1,006,664) |
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).
Identifiable assets
Albemarle Corp., identifiable assets by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 10,795,997) | 7,676,259) | 7,134,229) | 6,570,791) | 4,605,070) |
| Bromine | 1,072,535) | 939,808) | 867,648) | 799,456) | 753,157) |
| Catalysts | 1,214,482) | 1,149,592) | 1,066,089) | 1,163,590) | 1,134,975) |
| All Other | —) | —) | 136,659) | 146,211) | 128,185) |
| Corporate | 2,373,508) | 1,208,459) | 1,246,321) | 1,180,815) | 960,287) |
| Total | 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).
Depreciation and amortization
Albemarle Corp., depreciation and amortization by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 189,347) | 138,772) | 112,854) | 99,424) | 95,193) |
| Bromine | 54,096) | 51,181) | 50,310) | 47,611) | 41,607) |
| Catalysts | 51,417) | 51,588) | 49,985) | 50,144) | 49,131) |
| All Other | —) | 1,870) | 8,498) | 8,440) | 8,073) |
| Corporate | 5,981) | 10,589) | 10,337) | 7,865) | 6,694) |
| Total | 300,841) | 254,000) | 231,984) | 213,484) | 200,698) |
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).
Capital expenditures
Albemarle Corp., capital expenditures by reportable segment
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Lithium | 1,010,661) | 813,128) | 720,563) | 665,585) | 500,849) |
| Bromine | 153,407) | 70,711) | 57,486) | 82,208) | 79,357) |
| Catalysts | 66,319) | 49,312) | 44,448) | 57,939) | 52,019) |
| All Other | —) | 2,339) | 6,792) | 7,309) | 5,232) |
| Corporate | 31,259) | 18,177) | 21,188) | 38,755) | 62,534) |
| Total | 1,261,646) | 953,667) | 850,477) | 851,796) | 699,991) |
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).