Albemarle (ALB) FY2022 results: revenue $7.3 billion, up 120.0% on the year
Albemarle Corp. (ALB) reported revenue of $7.3 billion for fiscal 2022, the year ended 31 December 2022, up 120.0% on the year before. Net income was $2.7 billion, up 2075.0%, and diluted earnings per share $22.84. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$7.3 billion
+120.0% on the year
FY2015FY2022
Operating margin
33.7%
24.0% a year earlier
FY2015FY2022
Net income
$2.7 billion
+2,075.0% on the year
FY2015FY2022
Diluted EPS
$22.84
+2,054.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,908
344
799
+454.2%
Capital expenditure
1,262
954
850
+32.3%
Free cash flow
646
-609
-51.6
Free cash flow margin
8.8%
-18.3%
-1.6%
Cash from investing
-1,423
-667
-864
Cash from financing
612
50.2
177
+1,118.6%
Depreciation and amortisation
301
254
232
+18.4%
Share-based compensation
30.5
20.1
22.8
+51.5%
Buybacks
n/a
n/a
0.0
Dividends paid
184
178
162
+3.7%
Dividend per share
$1.58
$1.56
$1.54
+1.3%
Diluted shares, weighted
118m
117m
107m
+1.1%
Shares outstanding at period end
117m
117m
107m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,983
5,625
4,268
+41.9%
Non-controlling interest
208
180
200
+15.5%
Debt
3,217
2,394
3,572
+34.4%
Operating lease liabilities
99.3
127
117
-21.8%
Finance lease liabilities
74.4
74.0
58.5
+0.5%
Other liabilities
3,875
2,573
2,235
+50.6%
Total liabilities and equity
15,457
10,974
10,451
+40.8%
Fixed assets
6,963
5,910
5,355
+17.8%
Goodwill
1,618
1,598
1,666
+1.3%
Intangible assets
288
309
349
-6.8%
Investments
39.5
37.2
37.1
+6.3%
Cash and equivalents
1,499
439
747
+241.3%
Receivables
1,191
557
531
+113.8%
Inventory
2,076
799
750
+160.0%
Other assets
1,782
1,326
1,017
+34.4%
Total assets
15,457
10,974
10,451
+40.8%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.