Westlake Chemical: stocks, financial statements

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The company produces and sells petrochemical products and polymers for the consumer and industrial markets. It operates in 36 locations in North America, 11 in Europe and 6 in Asia. It is considered the largest producer of low-density polyethylene in the United States. The largest facilities for performing specialized orders for the production of polyethylene are located in the state of Texas.

According to Forbes magazine, it is one of the TOP 2000 most successful companies in the world by profit and sales. The corporation operates in two segments: production of products based on olefins and vinyls.

The company follows a development strategy by acquiring small firms, supporting existing production facilities, and building new businesses. In 2014, the corporation established a subsidiary, Westlake Chemical Partners, to promote its ethylene production assets. According to analytical data in 2019, it is one of the TOP 20 highest-yielding dividend-paying companies on the American stock market.

  • WLK Ticker
  • NYSE Exchange
  • 8,870 Employees
2 rated
  • $76.94, +$1.79 (+2.38%) Previous Close
  • 417,141 Previous Volume
  • $29.44 / $79.61 52 week low / high
  • -5.60% Percent off 52 week high
  • 2020-12-01 Updated
  • 1.37% Dividend Yield (trailing)
  • 1.40% Dividend Yield (forward)
  • 0 Public float
  • 127,721,678 Outstanding shares
  • 33.44 P/E
  • 9.6 B Market Cap
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Financial statements — Westlake Chemical

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19 ← 15 2019 2018 2017 2016 2015
Total Revenue
8.1B 8.6B 8B 5.1B 4.5B
Cost Of Revenue
7B 6.7B 6.4B 4.1B 3.3B
Gross Profit
1.2B 1.9B 1.7B 960M 1.2B
Research and Development
Selling General and Admin
Operating Expense
7.4B 7.2B 6.8B 4.4B 3.5B
Operating Income
690M 1.4B 1.3B 660M 960M
Other Income Expense Net
-120M -110M -180M -100M 28K
EBIT
690M 1.4B 1.3B 660M 960M
Interest Income
120M 130M 160M 79M 35M
Pretax Income
570M 1.3B 1.1B 560M 960M
Income Tax
110M 300M -260M 140M 300M
Minority Interest
41M 38M 35M 21M 19M
Net Income
420M 990M 1.3B 400M 640M
Net Income Basic
420M 990M 1.3B 400M 640M
19 ← 15 2019 2018 2017 2016 2015
Current cash
730M 750M 1.5B 620M 660M
Short term investments
520M
Receivables
940M 950M 960M 810M 420M
Inventory
940M 1B 900M 800M 430M
Other current assets
42M 38M 30M 48M 50M
Current assets
2.7B 2.8B 3.5B 2.4B 2.2B
Long term investments
1.1B 22M 22M 160M 110M
Property plant equipment
7.4B 6.6B 6.4B 6.4B 3B
Goodwill
1.1B 1B 1B 950M 62M
Intangible assets
710M 660M 780M 790M 150M
Other assets
250M 480M 390M 160M 74M
Total assets
13B 12B 12B 11B 5.6B
Accounts payable
450M 510M 600M 490M 230M
Current long term debt
710M
Other current liabilities
680M 680M 660M 540M 290M
Total current liabilities
1.2B 1.2B 2B 1.2B 520M
Long term debt
3.8B 2.7B 3.1B 3.7B 760M
Other liabilities
200M 180M 160M 120M 45M
Minority Interest
41M 38M 35M 21M 19M
Total Liabilities
6.9B 5.5B 6.7B 7B 2B
Common stock
130M 130M 130M 130M 130M
Retained earning
5.8B 5.5B 4.6B 3.4B 3.1B
Treasury stock
93M 92M 93M 93M 93M
Capital surplus
550M 560M 560M 550M 540M
Shareholder equity
5.9B 5.6B 4.9B 3.5B 3.3B
Net tangible assets
2.6B 2.6B 1.8B 730M 2.9B
19 ← 15 2019 2018 2017 2016 2015
Net Income
420M 990M 1.3B 400M 640M
Depreciation
710M 640M 600M 380M 250M
Changes in receivables
14M 9M -150M -390M
Changes in inventories
110M -120M -32M -62M 99M
Cash change
-25M -780M 1.1B -200M -220M
Cash flow
1.3B 1.4B 1.5B 830M 1.1B
Capital expenditures
-790M -700M -580M -630M -490M
Investments
-860M -68M -66M 510M -530M
Investing activity other
-5.2M -2.2M
Total investing cash flows
-2B -750M -650M -2.6B -1B
Dividends paid
-130M -120M -100M -97M -92M
Net borrowings
790M -1.2B 15M 1.9B -21M
Other financing cash flows
-57M -36M 250M -170M -13M
Cash flow financing
630M -1.4B 160M 1.5B -290M
Exchange rate effect
-2M -7M 26M -7.3M -3.9M
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