$WLK
WESTLAKE CORP Stock $wlk

$wlk Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000126282324000045 Filed on August 09, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$3.117B	$3.207B
YoY Change	0.06%	-1.35%
Cost Of Revenue	$2.618B	$2.543B
YoY Change	3.52%	-2.53%
Gross Profit	$499.0M	$664.0M
YoY Change	-14.85%	3.43%
Gross Profit Margin	16.01%	20.7%
Selling, General & Admin	$215.0M	$224.0M
YoY Change	4.37%	5.16%
% of Gross Profit	43.09%	33.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$281.0M	$279.0M
YoY Change	1.44%	2.95%
% of Gross Profit	56.31%	42.02%
Operating Expenses	$215.0M	$224.0M
YoY Change	4.37%	-7.82%
Operating Profit	$180.0M	$406.0M
YoY Change	-48.42%	1.75%
Interest Expense	-$39.00M	$41.00M
YoY Change	-197.5%	-197.62%
% of Operating Profit	-21.67%	10.1%
Other Income/Expense, Net	$44.00M	$59.00M
YoY Change	-21.43%	156.52%
Pretax Income	$185.0M	$424.0M
YoY Change	-49.32%	12.47%
Income Tax	$65.00M	$101.0M
% Of Pretax Income	35.14%	23.82%
Net Earnings	$108.0M	$313.0M
YoY Change	-62.11%	5.74%
Net Earnings / Revenue	3.46%	9.76%
Basic Earnings Per Share	$0.84	$2.42
Diluted Earnings Per Share	$0.83	$2.40
COMMON SHARES
Basic Shares Outstanding	128.6M shares	128.6M shares
Diluted Shares Outstanding	129.3M shares	129.4M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.915B	$3.042B
YoY Change	-4.65%	13.63%
Cash & Equivalents	$2.915B	$3.042B
Short-Term Investments
Other Short-Term Assets	$133.0M	$71.00M
YoY Change	49.44%	-23.66%
Inventory	$1.747B	$1.684B
Prepaid Expenses
Receivables	$1.564B	$1.665B
Other Receivables	$134.0M	$92.00M
Total Short-Term Assets	$6.549B	$6.609B
YoY Change	-3.08%	4.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.602B	$8.541B
YoY Change	0.37%	-7.1%
Goodwill	$2.039B	$2.035B
YoY Change	-5.65%	-6.09%
Intangibles
YoY Change
Long-Term Investments	$1.099B	$1.085B
YoY Change	-1.61%	-3.13%
Other Assets	$5.958B	$696.0M
YoY Change	790.58%	-0.14%
Total Long-Term Assets	$14.56B	$14.47B
YoY Change	-0.54%	-1.44%
TOTAL ASSETS
Total Short-Term Assets	$6.549B	$6.609B
Total Long-Term Assets	$14.56B	$14.47B
Total Assets	$21.11B	$21.08B
YoY Change	-1.34%	0.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$898.0M	$885.0M
YoY Change	10.73%	10.76%
Accrued Expenses	$1.453B	$1.352B
YoY Change	-6.2%	1.73%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$300.0M
YoY Change	-100.0%	9900.0%
Total Short-Term Liabilities	$2.351B	$2.537B
YoY Change	-11.58%	19.05%
LONG-TERM LIABILITIES
Long-Term Debt	$4.616B	$4.585B
YoY Change	0.92%	-6.31%
Other Long-Term Liabilities	$356.0M	$315.0M
YoY Change	15.96%	-73.46%
Total Long-Term Liabilities	$4.972B	$4.900B
YoY Change	1.86%	-19.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.351B	$2.537B
Total Long-Term Liabilities	$4.972B	$4.900B
Total Liabilities	$9.923B	$9.989B
YoY Change	-1.86%	-4.29%
SHAREHOLDERS EQUITY
Retained Earnings	$10.54B	$10.50B
YoY Change	-1.53%	0.15%
Common Stock	$646.0M	$636.0M
YoY Change	4.19%	5.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$408.0M	$413.0M
YoY Change	-7.27%	-10.8%
Treasury Stock Shares
Shareholders Equity	$10.66B	$10.57B
YoY Change
Total Liabilities & Shareholders Equity	$21.11B	$21.08B
YoY Change	-1.34%	0.49%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$108.0M	$313.0M
YoY Change	-62.11%	5.74%
Depreciation, Depletion And Amortization	$281.0M	$279.0M
YoY Change	1.44%	2.95%
Cash From Operating Activities	$474.0M	$237.0M
YoY Change	-31.9%	-57.3%
INVESTING ACTIVITIES
Capital Expenditures	$220.0M	$231.0M
YoY Change	-10.2%	-3.75%
Acquisitions
YoY Change
Other Investing Activities	-$21.00M	$8.000M
YoY Change	250.0%	100.0%
Cash From Investing Activities	-$241.0M	-$223.0M
YoY Change	-3.98%	-5.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-371.0M	-72.00M
YoY Change	743.18%	28.57%
NET CHANGE
Cash From Operating Activities	474.0M	237.0M
Cash From Investing Activities	-241.0M	-223.0M
Cash From Financing Activities	-371.0M	-72.00M
Net Change In Cash	-138.0M	-58.00M
YoY Change	-134.41%	-122.05%
FREE CASH FLOW
Cash From Operating Activities	$474.0M	$237.0M
Capital Expenditures	$220.0M	$231.0M
Free Cash Flow	$254.0M	$6.000M
YoY Change	-43.68%	-98.1%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129350720	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	128484016	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	129185545	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.42
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.32
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.77
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.40
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.31
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.75
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	171487	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	386526	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	216105	shares
CY2024Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.5000
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.3570
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.0000
CY2024Q2	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	696000000	usd
CY2023Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	651000000	usd
CY2024Q2	wlk	Deferred Turnaround Costs Net DeferredTurnaroundCostsNet	396000000	usd
CY2023Q4	wlk	Deferred Turnaround Costs Net DeferredTurnaroundCostsNet	391000000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1352000000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1614000000	usd
CY2024Q2	wlk	Accrued Rebates Current AccruedRebatesCurrent	202000000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	127000000	usd
CY2023Q4	wlk	Accrued Rebates Current AccruedRebatesCurrent	217000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	124000000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	109000000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	102000000	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	19000000	usd
CY2024Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	59000000	usd
CY2024Q2	us-gaap	Interest Income Other InterestIncomeOther	39000000	usd
CY2024Q2	us-gaap	Insurance Recoveries InsuranceRecoveries	10000000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	23000000	usd
CY2023Q2	us-gaap	Interest Income Other InterestIncomeOther	20000000	usd
CY2023Q2	us-gaap	Insurance Recoveries InsuranceRecoveries	4000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	109000000	usd
	us-gaap	Interest Income Other InterestIncomeOther	79000000	usd
	us-gaap	Insurance Recoveries InsuranceRecoveries	10000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	45000000	usd
	us-gaap	Interest Income Other InterestIncomeOther	38000000	usd
	us-gaap	Insurance Recoveries InsuranceRecoveries	8000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	71000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	75000000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	241000000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	305000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	151000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	90000000	usd
CY2024Q2	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	76000000	usd
CY2023Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	58000000	usd
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2024Q2	us-gaap	Revenues Revenues	3207000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3251000000	usd
	us-gaap	Revenues Revenues	6182000000	usd
	us-gaap	Revenues Revenues	6607000000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	406000000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	396000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	629000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	932000000	usd
CY2024Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	279000000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	271000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	552000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	538000000	usd
CY2024Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	59000000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	23000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	109000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	45000000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	101000000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	70000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	149000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	179000000	usd
CY2024Q2	us-gaap	Segment Expenditure Addition To Long Lived Assets SegmentExpenditureAdditionToLongLivedAssets	231000000	usd
CY2023Q2	us-gaap	Segment Expenditure Addition To Long Lived Assets SegmentExpenditureAdditionToLongLivedAssets	240000000	usd
	us-gaap	Segment Expenditure Addition To Long Lived Assets SegmentExpenditureAdditionToLongLivedAssets	503000000	usd
	us-gaap	Segment Expenditure Addition To Long Lived Assets SegmentExpenditureAdditionToLongLivedAssets	507000000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	406000000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	396000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	629000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	932000000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	41000000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	42000000	usd
	us-gaap	Interest Expense InterestExpense	81000000	usd
	us-gaap	Interest Expense InterestExpense	84000000	usd
CY2024Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	59000000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	23000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	109000000	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	45000000	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	424000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	377000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	657000000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	893000000	usd
CY2024Q2	us-gaap	Assets Assets	21083000000	usd
CY2023Q4	us-gaap	Assets Assets	21035000000	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
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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0001262823-24-000045.txt	Edgar Link	pending
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exhibit311_20240630.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable

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$WLK
WESTLAKE CORP Stock $wlk

2024 Q3 Form 10-Q Financial Statement

#000126282324000045 Filed on August 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLK WESTLAKE CORP Stock $wlk

2024 Q3 Form 10-Q Financial Statement

#000126282324000045 Filed on August 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLK
WESTLAKE CORP Stock $wlk