Albemarle corporation (ALB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

123,635

106,243

171,618

174,970

151,526

146,049

143,479

310,686

138,925

-207,071

130,193

113,689

62,657

610,278

137,697

-302,754

235,548

182,677

70,892

59,346

47,149

-14,048

81,340

29,379

64,235

161,346

97,844

91,128

89,516

43,465

114,434

53,595

118,633

59,778

122,958

123,694

113,767

81,397

97,020

86,086

64,914

Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization

53,694

56,766

54,487

52,948

49,283

50,187

49,707

50,474

50,330

52,841

49,895

49,122

45,070

49,670

47,994

67,953

60,552

59,704

68,903

67,483

63,986

25,228

25,630

24,905

27,809

27,893

27,660

26,573

25,244

24,592

24,979

25,214

24,235

24,827

24,616

24,306

23,004

24,092

23,075

23,710

24,701

Gain associated with restructuring and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,333

3,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

196

-1,408

0

7,433

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

387,980

0

974

121,324

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property

0

3,332

0

0

11,079

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and other charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,958

Stock-based compensation and other

2,501

4,511

5,033

4,580

5,556

3,415

3,709

5,207

2,869

3,805

6,103

4,446

5,046

3,182

5,085

4,726

4,007

4,017

1,978

4,281

4,912

3,820

3,128

3,917

3,402

3,128

2,507

2,016

2,513

4,403

78

3,804

6,926

7,704

5,473

7,103

6,789

4,229

2,873

4,245

4,347

Excess tax benefits realized from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

36

23

-10

69

181

586

188

559

618

1,901

385

2,095

7,785

4,544

4,651

229

1,827

3,867

3,799

3,136

566

480

Equity in net income of unconsolidated investments (net of tax)

26,604

22,841

33,236

38,310

35,181

27,537

22,081

18,969

20,677

29,224

19,044

15,048

21,171

15,310

15,363

14,295

16,566

8,763

6,050

5,794

10,392

7,542

8,650

10,649

8,901

6,421

5,338

9,709

10,261

8,834

7,935

12,712

8,586

6,636

9,500

14,787

12,831

8,025

9,179

10,495

10,276

Dividends received from unconsolidated investments and nonmarketable securities

0

8,764

2,691

57,257

3,034

24,621

2,749

4,583

25,462

27,486

3,446

5,903

2,551

8,777

3,460

31,322

200

2,763

11,623

42,478

3,048

2,834

25,910

8,859

3,085

2,743

5,290

13,040

559

3,664

6,475

12,586

4,183

4,963

5,668

10,833

2,221

4,495

3,106

3,637

5,176

Pension and postretirement (benefit) expense

-1,719

29,874

586

477

578

13,118

-915

-903

-890

-12,503

74

19

-26

33,635

4,521

2,001

1,389

-38,585

839

387

-1,458

111,735

4,029

1,248

16,669

-137,437

1,578

1,570

1,582

87,559

86

-10,446

243

76,656

6,880

7,208

6,463

17,924

5,287

5,292

5,395

Pension and postretirement contributions

6,113

5,772

2,950

4,223

3,555

4,132

3,979

3,541

3,548

3,693

3,319

3,397

2,891

6,419

4,125

5,300

4,224

4,940

5,700

4,987

5,986

3,198

6,001

2,177

2,540

3,402

5,646

2,505

1,741

1,905

15,093

2,085

2,527

2,218

1,804

3,802

51,949

52,966

3,611

1,319

22,209

Unrealized gain on investments in marketable securities

627

1,108

1,124

101

476

-1,088

990

232

393

1,128

454

680

873

374

3,271

1,054

-1,044

642

26

109

462

300

-178

68

635

1,757

12

875

1,037

460

942

-792

1,262

52

-1,274

427

1,483

1,443

-139

-140

368

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

1

0

0

-52,801

-1,921

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-4,790

-6,668

-4,156

4,010

-7,580

-5,764

-12,692

-1,641

-29,067

46,618

-7,881

4,567

-1,363

383,607

10,008

-413,920

-816

82,705

12,386

8,362

32,845

40,535

8,298

20,253

-4,139

-71,980

2,204

11,417

-6,506

145

9,571

-5,929

10,800

-3,455

-3,735

-2,821

21,209

17,745

5,150

9,327

9,914

Changes in current assets and liabilities, net of effects of acquisitions and divestitures:
Net change in noncurrent income tax payables and receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-132

-2,222

Net change in noncurrent environmental liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-570

-527

Working capital changes

-17,730

-

66,349

100,299

122,939

-

40,624

-3,861

95,050

-

45,775

289,813

63,325

-

-28,332

118,483

-10,467

-

-59,755

73,813

-28,881

-

-25,785

-23,409

-39,826

-

-13,665

40,377

12,641

-

3,974

69,790

32,728

-

11,612

46,680

52,116

-

-27,313

3,520

74,296

Other, net

12,233

-13,864

-11,438

-1,083

-10,589

31,466

-9,337

31,799

4,541

-438,823

1,109

-3,286

-8,816

-48,727

-6,943

-3,079

-799

18,674

-696

-6,518

51,019

-15,923

12,391

-3,541

330

-3,333

526

-1,556

-311

-9,210

4,011

-3,534

-8,171

5,609

692

3,186

4,651

-1,099

-5,192

-39

2,613

Net cash provided by operating activities

155,054

373,736

146,350

144,372

54,916

169,224

153,084

102,303

121,554

229,135

129,299

-137,040

82,585

281,410

201,265

80,141

172,708

43,907

183,720

87,392

45,791

62,067

135,395

145,974

149,173

115,338

138,667

80,204

98,650

182,284

121,573

61,365

123,544

201,892

139,297

99,614

46,556

55,577

141,588

116,060

18,084

Cash flows from investing activities:
Acquisition of Rockwood, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,051,645

0

0

0

0

-

-

-

-

872

104

2,250

134

2,119

5,137

5,275

633

4,930

6,956

0

92

Payments to Acquire Other Businesses, Net of Cash Acquired

22,572

820,000

0

0

0

-

-

-

-

-1,039

5,881

11,783

27,742

126,747

0

0

0

0

0

3,295

45,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments related to acquisitions and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

81,988

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of remaining interest in Shanghai Chemetall, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

214,529

243,340

192,830

199,494

216,132

228,316

190,730

149,130

131,815

130,184

89,754

43,622

54,143

55,353

41,792

41,389

58,120

63,081

52,845

54,982

56,741

33,894

30,012

23,003

23,667

20,318

31,860

47,833

55,335

62,165

92,085

71,839

54,784

63,463

59,484

35,733

31,894

25,472

16,076

17,789

16,141

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-57,550

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash impact from deconsolidation of Stannica LLC, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-425

0

0

13,074

Cash proceeds from divestitures, net

-

-

-

-

-

-

-

-

-

-

-

-

-

3,014,972

0

3,434

307,165

2,750

6,133

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

0

0

0

0

10,356

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of marketable securities, net

-2,589

793

-269

182

-1,090

-491

322

449

-10

725

-242

284

-492

517

147

222

-1,191

267

168

124

-1,557

294

-301

1,509

-2,151

1,045

-446

53

-821

478

-98

122

1,113

-41

178

65

-1,872

286

275

173

-1,386

Repayments from joint ventures

-

-

-

-

-

-

-

-

-

0

0

0

1,250

0

0

0

0

0

0

0

2,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from repayment of advance to joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in equity and other corporate investments

356

0

20

40

2,509

254

3,367

1,244

735

3,565

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

202

10,666

-

-

-

-

Net cash used in investing activities

-234,868

-1,064,133

-192,581

-199,716

-207,195

-227,989

-201,411

258,245

-132,540

-133,435

-95,393

-48,832

-80,143

2,832,356

-41,939

-38,177

168,248

-60,598

51,120

-58,401

-2,092,673

-67,613

67,508

-24,512

-21,516

-23,678

-31,414

-48,136

-54,514

-56,328

-104,591

-84,211

-56,031

-65,541

-64,799

-41,275

-41,321

-31,596

-14,707

-17,967

-27,921

Cash flows from financing activities:
Proceeds from borrowings of credit agreements

250,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

1,250,000

0

0

1,000,000

0

0

0

0

-

-

-

-

-

-

-

-

-129,349

118,301

7,864

6,694

67,087

50,400

1,656

6,654

Repayments of Long-term Debt

-

-

-

-

-

-

-

-

-

25,000

2,000

0

751,209

869,572

568

50,567

331,595

1,250,608

645

5,385

1,326,263

2,994

7

2,915

101

41,820

87,533

2,776

3,604

2,689

-53

4,605

7,149

-96,033

-130

4,584

100,622

314,777

80,822

14,079

14,445

Proceeds from (Repayments of) Other Debt

-151,872

-358,547

49,131

64,829

118,223

20,938

77,328

169,326

-381,159

59,548

20,317

-7,498

66,384

-154,695

-76,891

-964

68,829

71,479

-150,553

-33,872

167,571

17,729

-10,471

-4,649

-8,434

41,165

91,131

266,248

0

-

-

-

-

-

-

-

-

-

-

-

-

Fees related to early extinguishment of debt

-

-

-

-

-

-

-

-

-

0

0

0

46,959

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to shareholders

38,982

38,883

39,008

38,926

35,387

35,674

36,438

37,102

35,382

35,352

35,443

35,432

34,330

34,292

34,270

34,250

32,541

32,532

32,532

32,508

21,730

21,275

21,511

21,734

19,582

19,533

19,525

21,241

17,808

17,826

17,888

17,821

15,578

14,661

15,138

15,104

12,856

12,760

12,754

12,728

11,401

Dividends paid to noncontrolling interests

14,286

25,975

18,250

38,962

0

0

7,378

0

7,378

8,965

9,861

17,930

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

-

-

-

-

-

-

-

-

-

0

0

0

250,000

0

0

0

0

-

-

-

-

0

0

100,000

50,000

0

0

521,500

60,798

-

-

-

-

-

-

-

-

0

0

6,311

8,634

Proceeds from exercise of stock options

10,195

0

1,609

529

2,676

1,331

1,014

642

646

1,227

3,674

1,167

2,170

2,622

1,840

4,939

0

175

0

252

90

0

358

1,100

1,255

1,043

593

2,197

1,720

1,171

6,547

10,861

2,569

1,127

21

877

205

2,456

2,908

793

978

Excess tax benefits realized from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

36

23

-10

69

181

586

188

559

618

1,901

385

2,095

7,785

4,544

4,651

229

1,827

3,867

3,799

3,136

566

480

Withholding taxes paid on stock-based compensation award distributions

3,825

257

204

315

10,255

193

587

1,451

15,009

59

148

314

7,855

186

26

13

1,969

331

0

44

1,174

76

58

182

2,968

51

321

334

5,443

0

126

2,482

6,516

804

553

2,323

-551

7,893

-796

-3,035

-74

Debt financing costs

214

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

358

3,022

0

1,164

14,570

1,702

2

1,370

0

-25

133

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

51,016

987,442

-6,722

-13,290

75,257

-13,598

-216,061

-118,585

-438,282

-8,601

3,539

-60,007

-1,021,799

-1,068,105

-116,736

-97,907

-297,276

-10,449

-201,665

-83,685

-182,647

1,859,078

-40,934

-128,201

-80,614

-19,008

-25,085

-159,921

-84,032

-53,943

-76,621

-24,600

-22,130

-137,646

-77,869

-10,341

-103,263

89,570

-37,928

-33,138

-26,442

Net effect of foreign exchange on cash and cash equivalents

-31,084

-1,758

-27,407

1,543

-13,024

-13,543

-2,530

-26,007

4,153

4,865

949

-1,712

4,137

-9,504

-2,652

-2,778

-5,032

6,384

-5,923

511

1,182

-16,884

-23,968

-2,185

-239

3,160

4,600

7,608

-2,896

3,041

530

-10,162

4,560

-10,547

-6,086

1,704

9,391

-8,574

11,597

-8,149

-5,195

Decrease in cash and cash equivalents

-59,882

295,287

-80,360

-67,091

-90,046

-85,906

-266,918

215,956

-445,115

91,964

38,394

-247,591

-1,015,220

2,036,157

39,938

-58,721

38,648

-20,756

27,252

-54,183

-2,228,347

1,836,648

138,001

-8,924

46,804

75,812

86,768

-120,245

-42,792

75,054

-59,109

-57,608

49,943

-11,842

-9,457

49,702

-88,637

104,977

100,550

56,806

-41,474