$WLK
WESTLAKE CORP

2012 Q2 Form 10-Q Financial Statement

#000119312512334599 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $914.0M $925.0M
YoY Change -1.2% 13.03%
Cost Of Revenue $712.1M $758.0M
YoY Change -6.05% 9.47%
Gross Profit $201.9M $167.1M
YoY Change 20.83% 32.62%
Gross Profit Margin 22.09% 18.06%
Selling, General & Admin $30.92M $28.73M
YoY Change 7.63% 8.4%
% of Gross Profit 15.31% 17.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.78M $32.81M
YoY Change 9.08% 2.2%
% of Gross Profit 17.72% 19.63%
Operating Expenses $30.92M $28.73M
YoY Change 7.63% 8.4%
Operating Profit $171.0M $138.4M
YoY Change 23.57% 39.06%
Interest Expense $11.57M $12.80M
YoY Change -9.62% -245.48%
% of Operating Profit 6.77% 9.25%
Other Income/Expense, Net $1.107M $1.632M
YoY Change -32.17% -916.0%
Pretax Income $176.5M $127.2M
YoY Change 38.76% 40.4%
Income Tax $60.97M $46.15M
% Of Pretax Income 34.54% 36.28%
Net Earnings $115.5M $81.05M
YoY Change 42.51% 42.34%
Net Earnings / Revenue 12.64% 8.76%
Basic Earnings Per Share $1.73 $1.22
Diluted Earnings Per Share $1.72 $1.21
COMMON SHARES
Basic Shares Outstanding 66.30M shares 66.00M shares
Diluted Shares Outstanding 66.65M shares 66.43M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.111B $712.0M
YoY Change 56.04% 146.37%
Cash & Equivalents $1.111B $712.3M
Short-Term Investments
Other Short-Term Assets $35.00M $37.00M
YoY Change -5.41% -17.78%
Inventory $407.1M $508.0M
Prepaid Expenses
Receivables $399.0M $412.0M
Other Receivables $19.00M $18.00M
Total Short-Term Assets $1.971B $1.689B
YoY Change 16.68% 49.34%
LONG-TERM ASSETS
Property, Plant & Equipment $1.310B $1.180B
YoY Change 11.0% 0.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $44.82M $47.00M
YoY Change -4.65% 38.24%
Other Assets $96.15M $232.0M
YoY Change -58.56% 12.62%
Total Long-Term Assets $1.471B $1.459B
YoY Change 0.83% 3.26%
TOTAL ASSETS
Total Short-Term Assets $1.971B $1.689B
Total Long-Term Assets $1.471B $1.459B
Total Assets $3.442B $3.148B
YoY Change 9.34% 23.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.3M $224.0M
YoY Change -7.0% 23.08%
Accrued Expenses $129.8M $106.0M
YoY Change 22.42% -13.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $338.1M $330.0M
YoY Change 2.45% 8.2%
LONG-TERM LIABILITIES
Long-Term Debt $764.6M $765.0M
YoY Change -0.05% 48.54%
Other Long-Term Liabilities $49.78M $48.00M
YoY Change 3.72% -4.0%
Total Long-Term Liabilities $814.4M $813.0M
YoY Change 0.17% 43.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $338.1M $330.0M
Total Long-Term Liabilities $814.4M $813.0M
Total Liabilities $1.490B $1.474B
YoY Change 1.06% 24.28%
SHAREHOLDERS EQUITY
Retained Earnings $1.493B
YoY Change
Common Stock $482.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.30M
YoY Change
Treasury Stock Shares 284.5K shares
Shareholders Equity $1.952B $1.674B
YoY Change
Total Liabilities & Shareholders Equity $3.442B $3.148B
YoY Change 9.34% 23.74%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $115.5M $81.05M
YoY Change 42.51% 42.34%
Depreciation, Depletion And Amortization $35.78M $32.81M
YoY Change 9.08% 2.2%
Cash From Operating Activities $210.5M $84.60M
YoY Change 148.82% -23.58%
INVESTING ACTIVITIES
Capital Expenditures $75.67M $38.52M
YoY Change 96.42% -334.9%
Acquisitions
YoY Change
Other Investing Activities $46.90M $2.200M
YoY Change 2031.82% 214.29%
Cash From Investing Activities -$30.50M -$38.10M
YoY Change -19.95% 144.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.40M 11.30M
YoY Change 213.27% 32.94%
NET CHANGE
Cash From Operating Activities 210.5M 84.60M
Cash From Investing Activities -30.50M -38.10M
Cash From Financing Activities 35.40M 11.30M
Net Change In Cash 215.4M 57.80M
YoY Change 272.66% -44.21%
FREE CASH FLOW
Cash From Operating Activities $210.5M $84.60M
Capital Expenditures $75.67M $38.52M
Free Cash Flow $134.8M $46.08M
YoY Change 192.63% -63.75%

Facts In Submission

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dei Trading Symbol
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dei Entity Registrant Name
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