$WLK
WESTLAKE CORP Stock $wlk

$wlk Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000126282323000042 Filed on November 02, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$2.826B	$3.115B
YoY Change	-14.34%	-21.26%
Cost Of Revenue	$2.627B	$2.529B
YoY Change	-3.84%	-20.47%
Gross Profit	$199.0M	$586.0M
YoY Change	-64.9%	-24.48%
Gross Profit Margin	7.04%	18.81%
Selling, General & Admin	$224.0M	$206.0M
YoY Change	12.0%	-4.19%
% of Gross Profit	112.56%	35.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$282.0M	$277.0M
YoY Change	4.06%	4.92%
% of Gross Profit	141.71%	47.27%
Operating Expenses	$254.0M	$206.0M
YoY Change	9.96%	-4.19%
Operating Profit	-$55.00M	$349.0M
YoY Change	-116.37%	-32.36%
Interest Expense	-$41.00M	$40.00M
YoY Change	-4.65%	-9.09%
% of Operating Profit		11.46%
Other Income/Expense, Net	$35.00M	$56.00M
YoY Change	66.67%	133.33%
Pretax Income	-$558.0M	$365.0M
YoY Change	-282.95%	-26.41%
Income Tax	-$71.00M	$70.00M
% Of Pretax Income		19.18%
Net Earnings	-$495.0M	$285.0M
YoY Change	-315.22%	-28.93%
Net Earnings / Revenue	-17.52%	9.15%
Basic Earnings Per Share		$2.22
Diluted Earnings Per Share	-$3.86	$2.20
COMMON SHARES
Basic Shares Outstanding	128.1M shares	127.7M shares
Diluted Shares Outstanding		128.6M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.304B	$3.057B
YoY Change	48.29%	71.93%
Cash & Equivalents	$3.304B	$3.057B
Short-Term Investments
Other Short-Term Assets	$82.00M	$89.00M
YoY Change	5.13%	-24.58%
Inventory	$1.622B	$1.672B
Prepaid Expenses
Receivables	$1.393B	$1.574B
Other Receivables	$143.0M	$281.0M
Total Short-Term Assets	$6.609B	$6.757B
YoY Change	10.65%	10.75%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.519B	$8.570B
YoY Change	-0.07%	3.24%
Goodwill	$2.041B	$2.161B
YoY Change	-5.55%	0.84%
Intangibles
YoY Change
Long-Term Investments	$1.115B	$1.117B
YoY Change	-2.36%	-2.62%
Other Assets	$651.0M	$669.0M
YoY Change	14.41%	16.35%
Total Long-Term Assets	$14.43B	$14.64B
YoY Change	-1.04%	2.2%
TOTAL ASSETS
Total Short-Term Assets	$6.609B	$6.757B
Total Long-Term Assets	$14.43B	$14.64B
Total Assets	$21.04B	$21.40B
YoY Change	2.36%	4.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$877.0M	$811.0M
YoY Change	-1.35%	-18.41%
Accrued Expenses	$1.614B	$1.549B
YoY Change	14.55%	6.02%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$299.0M	$299.0M
YoY Change		4883.33%
Total Short-Term Liabilities	$2.790B	$2.659B
YoY Change	21.41%	8.05%
LONG-TERM LIABILITIES
Long-Term Debt	$4.607B	$4.574B
YoY Change	-5.57%	-4.97%
Other Long-Term Liabilities	$340.0M	$307.0M
YoY Change	8.28%	5.14%
Total Long-Term Liabilities	$4.947B	$4.881B
YoY Change	-4.74%	-4.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.790B	$2.659B
Total Long-Term Liabilities	$4.947B	$4.881B
Total Liabilities	$10.27B	$10.11B
YoY Change	1.84%	-1.23%
SHAREHOLDERS EQUITY
Retained Earnings	$10.14B	$10.71B
YoY Change	2.61%	10.36%
Common Stock	$631.0M	$620.0M
YoY Change	4.82%	4.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$435.0M	$440.0M
YoY Change	-6.85%	0.23%
Treasury Stock Shares
Shareholders Equity	$10.24B	$10.75B
YoY Change
Total Liabilities & Shareholders Equity	$21.04B	$21.40B
YoY Change	2.36%	4.75%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	-$495.0M	$285.0M
YoY Change	-315.22%	-28.93%
Depreciation, Depletion And Amortization	$282.0M	$277.0M
YoY Change	4.06%	4.92%
Cash From Operating Activities	$573.0M	$696.0M
YoY Change	-31.38%	-26.5%
INVESTING ACTIVITIES
Capital Expenditures	$282.0M	$245.0M
YoY Change	-5.05%	-177.04%
Acquisitions
YoY Change
Other Investing Activities	-$5.000M	-$6.000M
YoY Change	-85.29%	-77.78%
Cash From Investing Activities	-$287.0M	-$251.0M
YoY Change	-13.29%	-27.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-70.00M	-44.00M
YoY Change	-34.58%	-57.28%
NET CHANGE
Cash From Operating Activities	573.0M	696.0M
Cash From Investing Activities	-287.0M	-251.0M
Cash From Financing Activities	-70.00M	-44.00M
Net Change In Cash	216.0M	401.0M
YoY Change	-45.59%	-19.64%
FREE CASH FLOW
Cash From Operating Activities	$573.0M	$696.0M
Capital Expenditures	$282.0M	$245.0M
Free Cash Flow	$291.0M	$451.0M
YoY Change	-45.91%	-64.35%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023Q3	us-gaap	Profit Loss ProfitLoss	295000000	usd
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	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
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	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.198
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.224
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	285000000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	401000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	976000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	2015000000	usd
CY2023Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2000000	usd
CY2022Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2000000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	5000000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	10000000	usd
CY2023Q3	wlk	Net Income Loss Available To Common Stockholders NetIncomeLossAvailableToCommonStockholders	283000000	usd
CY2022Q3	wlk	Net Income Loss Available To Common Stockholders NetIncomeLossAvailableToCommonStockholders	399000000	usd
	wlk	Net Income Loss Available To Common Stockholders NetIncomeLossAvailableToCommonStockholders	971000000	usd
	wlk	Net Income Loss Available To Common Stockholders NetIncomeLossAvailableToCommonStockholders	2005000000	usd
CY2023Q3	wlk	Deferred Turnaround Costs Net DeferredTurnaroundCostsNet	413000000	usd
CY2022Q4	wlk	Deferred Turnaround Costs Net DeferredTurnaroundCostsNet	359000000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1549000000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1409000000	usd
CY2023Q3	wlk	Accrued Rebates Current AccruedRebatesCurrent	210000000	usd
CY2023Q3	us-gaap	Litigation Reserve Current LitigationReserveCurrent	312000000	usd
CY2022Q4	wlk	Accrued Rebates Current AccruedRebatesCurrent	227000000	usd
CY2022Q4	us-gaap	Litigation Reserve Current LitigationReserveCurrent	90000000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127854464	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127943400	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127685210	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	128118160	shares
CY2023Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	729463	shares
CY2022Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	803612	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	824408	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	885590	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	128583927	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	128747012	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	128509618	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129003750	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.22
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	7.61
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	15.65
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.20
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.10
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	7.56
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	15.54
CY2023Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	180879	shares
CY2022Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	587530	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	291303	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	303878	shares
CY2023Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.5000
CY2022Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.3570
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.2140
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.9520
CY2023Q3	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	669000000	usd
CY2022Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	569000000	usd
CY2023Q3	us-gaap	Insurance Recoveries InsuranceRecoveries	17000000	usd
CY2022Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	24000000	usd
CY2022Q3	us-gaap	Interest Income Other InterestIncomeOther	6000000	usd
CY2022Q3	us-gaap	Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1 DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1	10000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	101000000	usd
	us-gaap	Interest Income Other InterestIncomeOther	66000000	usd
	us-gaap	Insurance Recoveries InsuranceRecoveries	25000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	52000000	usd
	us-gaap	Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1 DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1	20000000	usd
	us-gaap	Interest Income Other InterestIncomeOther	12000000	usd
	us-gaap	Income Loss From Subsidiaries Net Of Tax IncomeLossFromSubsidiariesNetOfTax	11000000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	120000000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	149000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	140000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	151000000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	388000000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	529000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	132000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	138000000	usd
CY2022Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	55000000	usd
	wlk	Site Contingency Percentageof Cost Potentiallyof Other Responsible Parties SiteContingencyPercentageofCostPotentiallyofOtherResponsibleParties	1
CY2023Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	245000000	usd
CY2022Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	318000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	752000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	811000000	usd
CY2023Q3	us-gaap	Interest Expense InterestExpense	40000000	usd
CY2022Q3	us-gaap	Interest Expense InterestExpense	44000000	usd
	us-gaap	Interest Expense InterestExpense	124000000	usd
	us-gaap	Interest Expense InterestExpense	134000000	usd
CY2023Q3	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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0001262823-23-000042-index.html	Edgar Link	pending
0001262823-23-000042.txt	Edgar Link	pending
0001262823-23-000042-xbrl.zip	Edgar Link	pending
exhibit311_20230930.htm	Edgar Link	pending
exhibit312_20230930.htm	Edgar Link	pending
exhibit321_20230930.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wlk-20230930.htm	Edgar Link	pending
wlk-20230930.xsd	Edgar Link	pending
wlk-20230930_lab.xml	Edgar Link	unprocessable
wlk-20230930_cal.xml	Edgar Link	unprocessable
wlk-20230930_def.xml	Edgar Link	unprocessable
wlk-20230930_pre.xml	Edgar Link	unprocessable
wlk-20230930_htm.xml	Edgar Link	completed

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$WLK
WESTLAKE CORP Stock $wlk

2023 Q4 Form 10-Q Financial Statement

#000126282323000042 Filed on November 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLK WESTLAKE CORP Stock $wlk

2023 Q4 Form 10-Q Financial Statement

#000126282323000042 Filed on November 02, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLK
WESTLAKE CORP Stock $wlk