Attached files
Exhibit 99.3
Albemarle Corporation and Subsidiaries
SEGMENT INCOME RECONCILIATION
(In Thousands; Unaudited)
Nine Months Ended September 30, 2012 |
As Previously Reported |
Effect of Accounting Change |
As Adjusted | |||||||||
Segment income: |
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Polymer Solutions |
$ | 161,189 | $ | 5,161 | $ | 166,350 | ||||||
Catalysts |
209,932 | 3,448 | 213,380 | |||||||||
Fine Chemistry |
123,966 | 6,860 | 130,826 | |||||||||
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Total segment income |
495,087 | 15,469 | 510,556 | |||||||||
Corporate & other |
(48,466 | ) | 23,375 | (25,091 | ) | |||||||
Restructuring and other charges |
(101,211 | ) | 6,508 | (94,703 | ) | |||||||
Interest and financing expenses |
(25,134 | ) | | (25,134 | ) | |||||||
Other income, net |
1,564 | | 1,564 | |||||||||
Income tax expense |
(76,804 | ) | (16,578 | ) | (93,382 | ) | ||||||
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Net income attributable to Albemarle Corporation |
$ | 245,036 | $ | 28,774 | $ | 273,810 | ||||||
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Year Ended December 31, 2011 |
As Previously Reported |
Effect of Accounting Change |
As Adjusted | |||||||||
Segment income: |
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Polymer Solutions |
$ | 237,811 | $ | 3,478 | $ | 241,289 | ||||||
Catalysts |
323,601 | 2,723 | 326,324 | |||||||||
Fine Chemistry |
139,578 | 4,842 | 144,420 | |||||||||
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Total segment income |
700,990 | 11,043 | 712,033 | |||||||||
Corporate & other |
(97,479 | ) | (81,089 | ) | (178,568 | ) | ||||||
Interest and financing expenses |
(37,574 | ) | | (37,574 | ) | |||||||
Other income, net |
357 | | 357 | |||||||||
Income tax expense |
(130,014 | ) | 25,880 | (104,134 | ) | |||||||
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Net income attributable to Albemarle Corporation |
$ | 436,280 | $ | (44,166 | ) | $ | 392,114 | |||||
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Year Ended December 31, 2010 |
As Previously Reported |
Effect of Accounting Change |
As Adjusted | |||||||||
Segment income: |
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Polymer Solutions |
$ | 198,261 | $ | 2,300 | $ | 200,561 | ||||||
Catalysts |
248,773 | 1,670 | 250,443 | |||||||||
Fine Chemistry |
72,148 | 4,074 | 76,222 | |||||||||
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Total segment income |
519,182 | 8,044 | 527,226 | |||||||||
Corporate & other |
(73,040 | ) | (20,949 | ) | (93,989 | ) | ||||||
Restructuring and other charges |
(6,958 | ) | | (6,958 | ) | |||||||
Interest and financing expenses |
(25,533 | ) | | (25,533 | ) | |||||||
Other income, net |
2,788 | | 2,788 | |||||||||
Income tax expense |
(92,719 | ) | 4,963 | (87,756 | ) | |||||||
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Net income attributable to Albemarle Corporation |
$ | 323,720 | $ | (7,942 | ) | $ | 315,778 | |||||
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