Albemarle (ALB) FY2021 results: revenue $3.3 billion, up 6.4% on the year
Albemarle Corp. (ALB) reported revenue of $3.3 billion for fiscal 2021, the year ended 31 December 2021, up 6.4% on the year before. Net income was $124 million, down 67.1%, and diluted earnings per share $1.06. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$3.3 billion
+6.4% on the year
FY2014FY2021
Operating margin
24.0%
16.2% a year earlier
FY2014FY2021
Net income
$124 million
-67.1% on the year
FY2014FY2021
Diluted EPS
$1.06
-69.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
344
799
719
-56.9%
Capital expenditure
954
850
852
+12.1%
Free cash flow
-609
-51.6
-132
Free cash flow margin
-18.3%
-1.6%
-3.7%
Cash from investing
-667
-864
-1,664
Cash from financing
50.2
177
1,043
-71.7%
Depreciation and amortisation
254
232
213
+9.5%
Share-based compensation
20.1
22.8
19.7
-11.9%
Buybacks
n/a
0.0
0.0
Dividends paid
178
162
152
+9.9%
Dividend per share
$1.56
$1.54
$1.47
+1.3%
Diluted shares, weighted
117m
107m
106m
+9.1%
Shares outstanding at period end
117m
107m
106m
+9.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,625
4,268
3,932
+31.8%
Non-controlling interest
180
200
161
-10.0%
Debt
2,394
3,572
3,050
-33.0%
Operating lease liabilities
127
117
115
+8.8%
Finance lease liabilities
74.0
58.5
58.9
+26.4%
Other liabilities
2,573
2,235
2,543
+15.1%
Total liabilities and equity
10,974
10,451
9,861
+5.0%
Fixed assets
5,910
5,355
4,909
+10.4%
Goodwill
1,598
1,666
1,579
-4.1%
Intangible assets
309
349
355
-11.5%
Investments
37.2
37.1
33.6
+0.2%
Cash and equivalents
439
747
613
-41.2%
Receivables
557
531
613
+4.9%
Inventory
799
750
769
+6.4%
Other assets
1,326
1,017
990
+30.4%
Total assets
10,974
10,451
9,861
+5.0%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.