$WLK
WESTLAKE CORP

2020 Q2 Form 10-Q Financial Statement

#000126282320000027 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.709B $2.144B
YoY Change -20.29% -4.07%
Cost Of Revenue $1.540B $1.804B
YoY Change -14.63% 7.19%
Gross Profit $169.0M $340.0M
YoY Change -50.29% -38.41%
Gross Profit Margin 9.89% 15.86%
Selling, General & Admin $104.0M $117.0M
YoY Change -11.11% 1.74%
% of Gross Profit 61.54% 34.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $191.0M $176.0M
YoY Change 8.52% 12.82%
% of Gross Profit 113.02% 51.76%
Operating Expenses $104.0M $117.0M
YoY Change -11.11% 1.74%
Operating Profit $36.00M $194.0M
YoY Change -81.44% -51.98%
Interest Expense $40.00M $28.00M
YoY Change 42.86% -9.68%
% of Operating Profit 111.11% 14.43%
Other Income/Expense, Net $9.000M $2.000M
YoY Change 350.0% -75.0%
Pretax Income $5.000M $168.0M
YoY Change -97.02% -55.91%
Income Tax -$19.00M $39.00M
% Of Pretax Income -380.0% 23.21%
Net Earnings $15.00M $119.0M
YoY Change -87.39% -57.19%
Net Earnings / Revenue 0.88% 5.55%
Basic Earnings Per Share $0.11 $0.92
Diluted Earnings Per Share $0.11 $0.92
COMMON SHARES
Basic Shares Outstanding 127.7M shares 128.5M shares
Diluted Shares Outstanding 127.8M shares 128.9M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.109B $409.0M
YoY Change 171.15% -15.15%
Cash & Equivalents $1.109B $409.0M
Short-Term Investments
Other Short-Term Assets $51.00M $48.00M
YoY Change 6.25% 4.35%
Inventory $845.0M $925.0M
Prepaid Expenses
Receivables $916.0M $1.136B
Other Receivables $33.00M $26.00M
Total Short-Term Assets $3.165B $2.595B
YoY Change 21.97% -3.67%
LONG-TERM ASSETS
Property, Plant & Equipment $6.887B $6.832B
YoY Change 0.81% 5.63%
Goodwill $1.070B $1.079B
YoY Change -0.83% 7.26%
Intangibles
YoY Change
Long-Term Investments $1.052B
YoY Change
Other Assets $266.0M $566.0M
YoY Change -53.0% 23.04%
Total Long-Term Assets $10.39B $9.621B
YoY Change 7.99% 11.2%
TOTAL ASSETS
Total Short-Term Assets $3.165B $2.595B
Total Long-Term Assets $10.39B $9.621B
Total Assets $13.56B $12.22B
YoY Change 10.96% 7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $444.0M $521.0M
YoY Change -14.78% -10.48%
Accrued Expenses $665.0M $733.0M
YoY Change -9.28% 21.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.109B $1.254B
YoY Change -11.56% 5.73%
LONG-TERM LIABILITIES
Long-Term Debt $3.745B $2.669B
YoY Change 40.31% 0.11%
Other Long-Term Liabilities $188.0M $200.0M
YoY Change -6.0% 22.7%
Total Long-Term Liabilities $3.933B $2.869B
YoY Change 37.09% 1.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.109B $1.254B
Total Long-Term Liabilities $3.933B $2.869B
Total Liabilities $7.118B $5.957B
YoY Change 19.49% 8.31%
SHAREHOLDERS EQUITY
Retained Earnings $5.840B $5.600B
YoY Change 4.29% 9.27%
Common Stock $559.0M $559.0M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $411.0M $390.0M
YoY Change 5.38% 34.95%
Treasury Stock Shares
Shareholders Equity $5.901B $5.719B
YoY Change
Total Liabilities & Shareholders Equity $13.56B $12.22B
YoY Change 10.96% 7.67%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $15.00M $119.0M
YoY Change -87.39% -57.19%
Depreciation, Depletion And Amortization $191.0M $176.0M
YoY Change 8.52% 12.82%
Cash From Operating Activities $448.0M $320.0M
YoY Change 40.0% -1.23%
INVESTING ACTIVITIES
Capital Expenditures $127.0M $208.0M
YoY Change -38.94% 31.65%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$80.00M
YoY Change -98.75% 344.44%
Cash From Investing Activities -$128.0M -$288.0M
YoY Change -55.56% 63.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -752.0M -69.00M
YoY Change 989.86% -86.5%
NET CHANGE
Cash From Operating Activities 448.0M 320.0M
Cash From Investing Activities -128.0M -288.0M
Cash From Financing Activities -752.0M -69.00M
Net Change In Cash -432.0M -37.00M
YoY Change 1067.57% -89.81%
FREE CASH FLOW
Cash From Operating Activities $448.0M $320.0M
Capital Expenditures $127.0M $208.0M
Free Cash Flow $321.0M $112.0M
YoY Change 186.61% -32.53%

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wlk Net Income Loss Available To Common Stockholders
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Depreciation Depletion And Amortization
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us-gaap Income Tax Expense Benefit
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Operating Income Loss
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172000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
328000000 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
40000000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
28000000 USD
us-gaap Interest Expense
InterestExpense
71000000 USD
us-gaap Interest Expense
InterestExpense
58000000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9000000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5000000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
168000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
121000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
281000000 USD
CY2020Q2 us-gaap Assets
Assets
13555000000 USD
CY2019Q4 us-gaap Assets
Assets
13261000000 USD
CY2014 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
12937500 shares
CY2018Q4 wlk Partners Units Maximum Aggregate Offering Amount Atm
PartnersUnitsMaximumAggregateOfferingAmountATM
50000000 USD

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0001262823-20-000027.txt Edgar Link pending
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a2020063010qwlk.htm Edgar Link pending
a2020063010qwlk_htm.xml Edgar Link completed
exhibit31120200630.htm Edgar Link pending
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wlk-20200630.xsd Edgar Link pending
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