ALBEMARLE CORP - FORM 8-K - EX-99.1 - ALBEMARLE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME

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8-K - FORM 8-K - ALBEMARLE CORP	d441468d8k.htm
EX-99.4 - ALBEMARLE CORPORATION AND SUBSIDIARIES SEGMENT INCOME RECONCILIATION - ALBEMARLE CORP	d441468dex994.htm
EX-99.5 - ALBEMARLE CORPORATION AND SUBSIDIARIES EARNINGS PER DILUTED SHARE - ALBEMARLE CORP	d441468dex995.htm
EX-99.3 - ALBEMARLE CORPORATION AND SUBSIDIARIES SEGMENT INCOME RECONCILIATION - ALBEMARLE CORP	d441468dex993.htm
EX-99.6 - ALBEMARLE CORPORATION AND SUBSIDIARIES EARNINGS PER DILUTED SHARE - ALBEMARLE CORP	d441468dex996.htm
EX-99.7 - PRESS RELEASE - ALBEMARLE CORP	d441468dex997.htm
EX-99.2 - ALBEMARLE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME - ALBEMARLE CORP	d441468dex992.htm

Exhibit 99.1

Albemarle Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

(In Thousands, Except Per Share Amounts; Unaudited)


Nine Months Ended September 30, 2012	As Previously Reported			Effect of Accounting Change			As Adjusted

Net sales	$	2,057,824		$	—		$	2,057,824
Cost of goods sold		1,352,495			(12,689	)		1,339,806

Gross profit		705,329			12,689			718,018
Selling, general and administrative expenses		215,298			(26,155	)		189,143
Research and development expenses		59,791			—			59,791
Restructuring and other charges		101,211			(6,508	)		94,703

Operating profit		329,029			45,352			374,381
Interest and financing expenses		(25,134	)		—			(25,134	)
Other income, net		1,564			—			1,564

Income before income taxes and equity in net income of unconsolidated investments		305,459			45,352			350,811
Income tax expense		76,804			16,578			93,382

Income before equity in net income of unconsolidated investments		228,655			28,774			257,429
Equity in net income of unconsolidated investments (net of tax)		29,233			—			29,233

Net income	$	257,888		$	28,774		$	286,662
Net income attributable to noncontrolling interests		(12,852	)		—			(12,852	)

Net income attributable to Albemarle Corporation	$	245,036		$	28,774		$	273,810

Basic earnings per share	$	2.75		$	0.32		$	3.07

Diluted earnings per share	$	2.72		$	0.32		$	3.04

Weighted-average common shares outstanding – basic		89,246			—			89,246

Weighted-average common shares outstanding – diluted		89,959			—			89,959

Cash dividends declared per share of common stock	$	0.60		$	—		$	0.60

Exhibit 99.1

Albemarle Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

(In Thousands, Except Per Share Amounts; Unaudited)


Year Ended December 31, 2011	As Previously Reported			Effect of Accounting Change			As Adjusted

Net sales	$	2,869,005		$	—		$	2,869,005
Cost of goods sold		1,891,946			22,112			1,914,058

Gross profit		977,059			(22,112	)		954,947
Selling, general and administrative expenses		312,136			47,934			360,070
Research and development expenses		77,083			—			77,083

Operating profit		587,840			(70,046	)		517,794
Interest and financing expenses		(37,574	)		—			(37,574	)
Other income, net		357			—			357

Income before income taxes and equity in net income of unconsolidated investments		550,623			(70,046	)		480,577
Income tax expense		130,014			(25,880	)		104,134

Income before equity in net income of unconsolidated investments		420,609			(44,166	)		376,443
Equity in net income of unconsolidated investments (net of tax)		43,754			—			43,754

Net income	$	464,363		$	(44,166	)	$	420,197
Net income attributable to noncontrolling interests		(28,083	)		—			(28,083	)

Net income attributable to Albemarle Corporation	$	436,280		$	(44,166	)	$	392,114

Basic earnings per share	$	4.82		$	(0.49	)	$	4.33

Diluted earnings per share	$	4.77		$	(0.49	)	$	4.28

Weighted-average common shares outstanding – basic		90,522			—			90,522

Weighted-average common shares outstanding – diluted		91,522			—			91,522

Cash dividends declared per share of common stock	$	0.67		$	—		$	0.67

Exhibit 99.1

Albemarle Corporation and Subsidiaries

CONSOLIDATED STATEMENTS OF INCOME

(In Thousands, Except Per Share Amounts; Unaudited)


Year Ended December 31, 2010	As Previously Reported			Effect of Accounting Change			As Adjusted

Net sales	$	2,362,764		$	—		$	2,362,764
Cost of goods sold		1,616,842			4,012			1,620,854

Gross profit		745,922			(4,012	)		741,910
Selling, general and administrative expenses		265,722			8,893			274,615
Research and development expenses		58,394			—			58,394
Restructuring and other charges		6,958			—			6,958

Operating profit		414,848			(12,905	)		401,943
Interest and financing expenses		(25,533	)		—			(25,533	)
Other income, net		2,788			—			2,788

Income before income taxes and equity in net income of unconsolidated investments		392,103			(12,905	)		379,198
Income tax expense		92,719			(4,963	)		87,756

Income before equity in net income of unconsolidated investments		299,384			(7,942	)		291,442
Equity in net income of unconsolidated investments (net of tax)		37,975			—			37,975

Net income	$	337,359		$	(7,942	)	$	329,417
Net income attributable to noncontrolling interests		(13,639	)		—			(13,639	)

Net income attributable to Albemarle Corporation	$	323,720		$	(7,942	)	$	315,778

Basic earnings per share	$	3.54		$	(0.08	)	$	3.46

Diluted earnings per share	$	3.51		$	(0.08	)	$	3.43

Weighted-average common shares outstanding – basic		91,393			—			91,393

Weighted-average common shares outstanding – diluted		92,184			—			92,184

Cash dividends declared per share of common stock	$	0.56		$	—		$	0.56

ALBEMARLE CORP - FORM 8-K - EX-99.1 - ALBEMARLE CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME - November 15, 2012