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Albemarle (ALB) FY2008 results: revenue $2.5 billion

Albemarle Corp. (ALB) reported revenue of $2.5 billion for fiscal 2008, the year ended 31 December 2008. Net income was $194 million, and diluted earnings per share $2.09. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2011.

Revenue
$2.5 billion
FY2008FY2008
Operating margin
9.0%
FY2008FY2008
Net income
$194 million
FY2008FY2008
Diluted EPS
$2.09
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue2,467
Cost of revenue1,859
Gross profit608
Gross margin24.6%
Research and development67.3
Selling, general and administrative255
Operating income221
Operating margin9.0%
Pre-tax income183
Income tax-6.5
Effective tax rate-3.6%
Net income194
Net margin7.9%
Diluted EPS$2.09
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2008Last 8 years
Operating cash flow327
Capital expenditure99.7
Free cash flow227
Free cash flow margin9.2%
Cash from investing-164
Cash from financing-25.0
Depreciation and amortisation112
Share-based compensation18.5
Buybacks169
Dividends paid42.3
Dividend per share$0.48
Diluted shares, weighted93m

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity1,116
Cash and equivalents253

10-K for the year ended 31 December 2008, filed 25 February 2011: the filing.