Albemarle (ALB) 10-K 2010 FY Annual report

FIVE-YEAR SUMMARY Exhibit 99.1

(In Thousands, Except for Per Share Amounts and Footnote Data)

Year Ended December 31	2010			2009			2008			2007			2006
Results of Operations
Net sales	$	2,362,764		$	2,005,394		$	2,467,115		$	2,336,187		$	2,368,506
Costs and expenses		1,947,916			1,819,114			2,246,198			2,026,300			2,191,022
Operating profit		414,848			186,280			220,917			309,887			177,484
Interest and financing expenses		(25,533	)		(24,584	)		(38,175	)		(38,332	)		(43,964	)
Other income (expenses), net		2,788			(1,423	)		601			6,264			(134	)
Income before income taxes and equity in net income of unconsolidated investments		392,103			160,273			183,343			277,819			133,386
Income tax expense (benefit)		92,719			(7,028	)		(6,539	)		55,078			2,192
Income before equity in net income of unconsolidated investments		299,384			167,301			189,882			222,741			131,194
Equity in net income of unconsolidated investments (net of tax)		37,975			22,322			23,126			24,581			25,033
Net income	$	337,359		$	189,623		$	213,008		$	247,322		$	156,227
Net income attributable to noncontrolling interests		(13,639	)		(11,255	)		(18,806	)		(17,632	)		(13,258	)
Net income attributable to Albemarle Corporation	$	323,720		$	178,368		$	194,202		$	229,690		$	142,969
Financial Position and Other Data
Total assets	$	3,068,081		$	2,771,557		$	2,872,717		$	2,841,018		$	2,530,368
Operations:
Working capital	$	984,021		$	678,823		$	740,556		$	650,521		$	477,905
Current ratio		3.70 to 1			2.92 to 1			2.69 to 1			2.57 to 1			1.99 to 1
Depreciation and amortization	$	95,578		$	100,513		$	111,685		$	106,855		$	112,950
Capital expenditures	$	75,478		$	100,786		$	99,736		$	98,740		$	99,847
Investments in joint ventures	$	1,333		$	—		$	103		$	—		$	96
Acquisitions, net of cash acquired	$	11,978		$	4,017		$	63,960		$	17,929		$	25,970
Research and development expenses	$	58,394		$	60,918		$	67,292		$	62,691		$	46,299
Gross profit as a % of net sales		31.6			24.1			24.6			26.6			23.3
Total long-term debt	$	860,910		$	812,713		$	932,264		$	723,938		$	732,590
Total equity(a)(d)	$	1,475,746		$	1,253,318		$	1,116,483		$	1,332,666		$	1,062,877
Total long-term debt as a % of total capitalization(d)		36.8			39.3			45.5			35.2			40.8
Net debt as a % of total capitalization(b)(d)		17.1			27.6			36.8			29.2			33.9
Common Stock
Basic earnings per share(c)(e)	$	3.54		$	1.95		$	2.12		$	2.41		$	1.51
Shares used to compute basic earnings per share(c)(e)		91,393			91,512			91,657			95,496			94,624
Diluted earnings per share(c)(e)	$	3.51		$	1.94		$	2.09		$	2.36		$	1.47
Shares used to compute diluted earnings per share(c)(e)		92,184			92,046			92,741			97,396			97,136
Cash dividends declared per share(e)	$	0.56		$	0.50		$	0.48		$	0.42		$	0.345
Total equity per share(a)(d)(e)	$	16.11		$	13.70		$	12.27		$	14.07		$	11.20
Return on average total equity(d)		23.7	%		15.1	%		15.9	%		19.2	%		14.1	%

Footnotes:

(a) Equity reflects the repurchase of common shares amounting to: 2010—400,356; 2009—174,900; 2008—4,662,700; 2007—2,369,810 and 2006—1,130,890.

(b) We define net debt as total debt plus the portion of outstanding joint venture indebtedness guaranteed by us (or less the portion of outstanding joint venture indebtedness consolidated but not guaranteed by us), less cash and cash equivalents.

(c) On January 1, 2009, we adopted new accounting guidance associated with share-based payment transactions considered to be participating securities. This guidance states that unvested share-based payment awards that contain nonforfeitable rights to dividends, such as certain of our restricted stock awards, are participating securities and therefore shall be included in the earnings per share calculation pursuant to the two-class method. In addition, the guidance requires all prior-period earnings per share data to be adjusted retrospectively, and as a result, all prior-period earnings per share data presented herein have been adjusted to conform to these provisions.

(d) Effective January 1, 2009, we adopted new accounting guidance requiring noncontrolling interests to be separately presented as a component of equity. Prior years have been adjusted to conform to the new guidance.

(e) On February 7, 2007, our Board of Directors approved a two-for-one stock split in the form of a share distribution. We distributed approximately 47.8 million shares of common stock on March 1, 2007, to shareholders of record as of February 20, 2007. The par value of the common stock remained at $0.01 per share. All share and per share amounts were retroactively adjusted to reflect this two-for-one stock split.