$WLK
WESTLAKE CORP Stock $wlk

$wlk Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000126282324000025 Filed on May 02, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$3.207B	$2.975B
YoY Change	-1.35%	-11.35%
Cost Of Revenue	$2.543B	$2.509B
YoY Change	-2.53%	-2.15%
Gross Profit	$664.0M	$466.0M
YoY Change	3.43%	-41.16%
Gross Profit Margin	20.7%	15.66%
Selling, General & Admin	$224.0M	$209.0M
YoY Change	5.16%	-5.86%
% of Gross Profit	33.73%	44.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$279.0M	$273.0M
YoY Change	2.95%	2.25%
% of Gross Profit	42.02%	58.58%
Operating Expenses	$224.0M	$209.0M
YoY Change	-7.82%	-5.86%
Operating Profit	$406.0M	$223.0M
YoY Change	1.75%	-58.4%
Interest Expense	$41.00M	$40.00M
YoY Change	-197.62%	-4.76%
% of Operating Profit	10.1%	17.94%
Other Income/Expense, Net	$59.00M	$50.00M
YoY Change	156.52%	127.27%
Pretax Income	$424.0M	$233.0M
YoY Change	12.47%	-54.84%
Income Tax	$101.0M	$48.00M
% Of Pretax Income	23.82%	20.6%
Net Earnings	$313.0M	$174.0M
YoY Change	5.74%	-55.84%
Net Earnings / Revenue	9.76%	5.85%
Basic Earnings Per Share	$2.42	$1.35
Diluted Earnings Per Share	$2.40	$1.34
COMMON SHARES
Basic Shares Outstanding	128.6M shares	128.2M shares
Diluted Shares Outstanding	129.4M shares	129.0M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.042B	$3.108B
YoY Change	13.63%	28.75%
Cash & Equivalents	$3.042B	$3.108B
Short-Term Investments
Other Short-Term Assets	$71.00M	$66.00M
YoY Change	-23.66%	20.0%
Inventory	$1.684B	$1.661B
Prepaid Expenses
Receivables	$1.665B	$1.516B
Other Receivables	$92.00M	$116.0M
Total Short-Term Assets	$6.609B	$6.526B
YoY Change	4.97%	6.18%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.541B	$8.523B
YoY Change	-7.1%	0.06%
Goodwill	$2.035B	$2.037B
YoY Change	-6.09%	-6.0%
Intangibles
YoY Change
Long-Term Investments	$1.085B	$1.104B
YoY Change	-3.13%	-2.39%
Other Assets	$696.0M	$694.0M
YoY Change	-0.14%	4.83%
Total Long-Term Assets	$14.47B	$14.43B
YoY Change	-1.44%	-1.54%
TOTAL ASSETS
Total Short-Term Assets	$6.609B	$6.526B
Total Long-Term Assets	$14.47B	$14.43B
Total Assets	$21.08B	$20.96B
YoY Change	0.49%	0.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$885.0M	$891.0M
YoY Change	10.76%	7.61%
Accrued Expenses	$1.352B	$1.464B
YoY Change	1.73%	9.99%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$300.0M	$300.0M
YoY Change	9900.0%	14900.0%
Total Short-Term Liabilities	$2.537B	$2.655B
YoY Change	19.05%	22.97%
LONG-TERM LIABILITIES
Long-Term Debt	$4.585B	$4.590B
YoY Change	-6.31%	-6.17%
Other Long-Term Liabilities	$315.0M	$343.0M
YoY Change	-73.46%	6.19%
Total Long-Term Liabilities	$4.900B	$4.933B
YoY Change	-19.42%	-5.41%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.537B	$2.655B
Total Long-Term Liabilities	$4.900B	$4.933B
Total Liabilities	$9.989B	$10.11B
YoY Change	-4.29%	1.29%
SHAREHOLDERS EQUITY
Retained Earnings	$10.50B	$10.25B
YoY Change	0.15%	0.2%
Common Stock	$636.0M	$625.0M
YoY Change	5.65%	5.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$413.0M	$414.0M
YoY Change	-10.8%	-10.97%
Treasury Stock Shares
Shareholders Equity	$10.57B	$10.33B
YoY Change
Total Liabilities & Shareholders Equity	$21.08B	$20.96B
YoY Change	0.49%	0.74%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$313.0M	$174.0M
YoY Change	5.74%	-55.84%
Depreciation, Depletion And Amortization	$279.0M	$273.0M
YoY Change	2.95%	2.25%
Cash From Operating Activities	$237.0M	$169.0M
YoY Change	-57.3%	-66.99%
INVESTING ACTIVITIES
Capital Expenditures	$231.0M	$272.0M
YoY Change	-3.75%	1.87%
Acquisitions
YoY Change
Other Investing Activities	$8.000M	-$1.000M
YoY Change	100.0%	-80.0%
Cash From Investing Activities	-$223.0M	-$272.0M
YoY Change	-5.51%	3.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-72.00M	-$74.00M
YoY Change	28.57%	-1.33%
NET CHANGE
Cash From Operating Activities	237.0M	$169.0M
Cash From Investing Activities	-223.0M	-$272.0M
Cash From Financing Activities	-72.00M	-$74.00M
Net Change In Cash	-58.00M	-$195.0M
YoY Change	-122.05%	-206.56%
FREE CASH FLOW
Cash From Operating Activities	$237.0M	$169.0M
Capital Expenditures	$231.0M	$272.0M
Free Cash Flow	$6.000M	-$103.0M
YoY Change	-98.1%	-142.04%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2509000000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2564000000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	466000000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	792000000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	209000000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	222000000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	30000000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	31000000	usd
CY2024Q1	wlk	Restructuring Transactionand Integration Cost RestructuringTransactionandIntegrationCost	4000000	usd
CY2023Q1	wlk	Restructuring Transactionand Integration Cost RestructuringTransactionandIntegrationCost	3000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	223000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	536000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	40000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	42000000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	50000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	22000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	233000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	516000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	48000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	109000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	185000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	407000000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	11000000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	13000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	174000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	394000000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.35
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.07
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.34
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.05
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	128359983	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127548287	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129020370	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	128459368	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	185000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	407000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax	-1000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax	0	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-33000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	20000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	4000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-3000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Other Net Of Tax OtherComprehensiveIncomeOtherNetOfTax	-1000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	22000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	149000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	429000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest	1000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest	1000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	9000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	13000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	140000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	416000000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10764000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	185000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-36000000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	7000000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	8000000	usd
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	65000000	usd
CY2024Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10000000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10853000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10465000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	407000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	22000000	usd
CY2023Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	22000000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	4000000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9000000	usd
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	47000000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	10000000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10828000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	407000000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	273000000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	267000000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	9000000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	9000000	usd
CY2024Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-5000000	usd
CY2023Q1	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-6000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-22000000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-16000000	usd
CY2024Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-3000000	usd
CY2023Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-4000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	97000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	15000000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	47000000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-34000000	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-15000000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-6000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	63000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-20000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-111000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-69000000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	101000000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	93000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	169000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	512000000	usd
CY2024Q1	wlk	Return Of Additions To Investment From Unconsolidated Subsidiaries ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries	1000000	usd
CY2023Q1	wlk	Return Of Additions To Investment From Unconsolidated Subsidiaries ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries	1000000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	272000000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	267000000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1000000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-5000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-272000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-263000000	usd
CY2024Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	10000000	usd
CY2023Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	10000000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	65000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	91000000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	4890000000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	4906000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4590000000	usd
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CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-75000000	usd
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CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2246000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3124000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2429000000	usd
CY2024Q1	us-gaap	Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent	544000000	usd
CY2023Q4	us-gaap	Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLossCurrent	360000000	usd
CY2024Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	16000000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	15000000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	24000000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	27000000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1516000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1393000000	usd
CY2024Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	59000000	usd
CY2023Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	65000000	usd
CY2024Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	116000000	usd
CY2023Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	143000000	usd
CY2024Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	1691000000	usd
CY2023Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	1601000000	usd
CY2024Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1055000000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	989000000	usd
CY2024Q1	us-gaap	Inventory Work In Process And Raw Materials Net Of Reserves InventoryWorkInProcessAndRawMaterialsNetOfReserves	372000000	usd
CY2023Q4	us-gaap	Inventory Work In Process And Raw Materials Net Of Reserves InventoryWorkInProcessAndRawMaterialsNetOfReserves	401000000	usd
CY2024Q1	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	234000000	usd
CY2023Q4	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	232000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	1661000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	1622000000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4607000000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	2041000000	usd
CY2024Q1	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-4000000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	2037000000	usd
CY2024Q1	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	8000000	usd
CY2023Q4	us-gaap	Notes And Loans Payable Current NotesAndLoansPayableCurrent	13000000	usd
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	891000000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	877000000	usd
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4979000000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4997000000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	89000000	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.211
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2024Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	35000000	usd
CY2023Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	36000000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-98000000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-132000000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-89000000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-67000000	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	4890000000	usd
CY2024Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	4180000000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	4906000000	usd
CY2023Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	4236000000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.206
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	174000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	394000000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	2000000	usd
CY2024Q1	wlk	Net Income Loss Available To Common Stockholders NetIncomeLossAvailableToCommonStockholders	173000000	usd
CY2023Q1	wlk	Net Income Loss Available To Common Stockholders NetIncomeLossAvailableToCommonStockholders	392000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	128359983	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127548287	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	660387	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	911081	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129020370	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	128459368	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.35
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.07
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.34
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.05
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	260722	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	307411	shares
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.5000
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.3570
CY2024Q1	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	694000000	usd
CY2023Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	651000000	usd
CY2024Q1	wlk	Deferred Turnaround Costs Net DeferredTurnaroundCostsNet	420000000	usd
CY2023Q4	wlk	Deferred Turnaround Costs Net DeferredTurnaroundCostsNet	391000000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1464000000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1614000000	usd
CY2024Q1	wlk	Accrued Rebates Current AccruedRebatesCurrent	158000000	usd
CY2024Q1	us-gaap	Litigation Reserve Current LitigationReserveCurrent	267000000	usd
CY2024Q1	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	136000000	usd
CY2023Q4	wlk	Accrued Rebates Current AccruedRebatesCurrent	217000000	usd
CY2023Q4	us-gaap	Litigation Reserve Current LitigationReserveCurrent	297000000	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	121000000	usd
CY2024Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	112000000	usd
CY2023Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	111000000	usd
CY2024Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	16000000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	50000000	usd
CY2024Q1	us-gaap	Interest Income Other InterestIncomeOther	40000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	22000000	usd
CY2023Q1	us-gaap	Interest Income Other InterestIncomeOther	18000000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	52000000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	54000000	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	46000000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	23000000	usd
CY2024Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	44000000	usd
CY2023Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	56000000	usd
CY2024Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	57000000	usd
CY2023Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	58000000	usd
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2024Q1	us-gaap	Revenues Revenues	2975000000	usd
CY2023Q1	us-gaap	Revenues Revenues	3356000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	223000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	536000000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	273000000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	267000000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	50000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	22000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	48000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	109000000	usd
CY2024Q1	us-gaap	Segment Expenditure Addition To Long Lived Assets SegmentExpenditureAdditionToLongLivedAssets	272000000	usd
CY2023Q1	us-gaap	Segment Expenditure Addition To Long Lived Assets SegmentExpenditureAdditionToLongLivedAssets	267000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	223000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	536000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	40000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	42000000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	50000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	22000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	233000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	516000000	usd
CY2024Q1	us-gaap	Assets Assets	20960000000	usd
CY2023Q4	us-gaap	Assets Assets	21035000000	usd
	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
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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$WLK
WESTLAKE CORP Stock $wlk

2024 Q2 Form 10-Q Financial Statement

#000126282324000025 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLK WESTLAKE CORP Stock $wlk

2024 Q2 Form 10-Q Financial Statement

#000126282324000025 Filed on May 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLK
WESTLAKE CORP Stock $wlk