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
  • $103.59, +$1.31 (+1.28%) Previous Close
  • 805,890 Previous Volume
  • $35.46 / $103.82 52 week low / high
  • -0.22% Percent off 52 week high
  • 2021-05-07 Updated
  • 1.04% Dividend Yield (trailing)
  • 1.04% Dividend Yield (forward)
  • 0 Public float
  • 128,132,613 Outstanding shares
  • 31.16 P/E
  • 13.27 B Market Cap
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Financial statements — Westlake Chemical

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20 ← 16 2020 2019 2018 2017 2016
Total Revenue
7.5B 8.1B 8.6B 8B 5.1B
Cost Of Revenue
6.5B 6.9B 6.6B 6.3B 4.1B
Gross Profit
1B 1.3B 2B 1.8B 980M
Research and Development
0 0 0 0 0
Selling General and Admin
450M 460M 450M 400M 300M
Operating Expense
7B 7.4B 7.2B 6.8B 4.4B
Operating Income
470M 690M 1.4B 1.3B 690M
Other Income Expense Net
0 0 0 0 0
EBIT
470M 690M 1.5B 1.3B 690M
Interest Income
140M 120M 130M 160M 71M
Pretax Income
330M 570M 1.3B 1.1B 560M
Income Tax
-42M 110M 300M -260M 140M
Minority Interest
43M 41M 38M 35M 21M
Net Income
330M 420M 990M 1.3B 400M
Net Income Basic
330M 420M 990M 1.3B 400M
20 ← 16 2020 2019 2018 2017 2016
Current cash
1.3B 730M 750M 1.5B 460M
Short term investments
32M 42M 38M 30M 48M
Receivables
1.2B 1B 1B 1B 940M
Inventory
920M 940M 1B 900M 800M
Other current assets
32M 42M 38M 30M 48M
Current assets
3.5B 2.7B 2.8B 3.5B 2.4B
Long term investments
10B 11B 8.8B 8.6B 8.5B
Property plant equipment
6.9B 6.9B 6.6B 6.4B 6.4B
Goodwill
1.1B 1.1B 1B 1B 950M
Intangible assets
610M 710M 660M 780M 790M
Other assets
220M 270M 320M 290M 160M
Total assets
14B 13B 12B 12B 11B
Accounts payable
540M 470M 510M 600M 490M
Current long term debt
0 0 0 710M 150M
Other current liabilities
820M 770M 680M 660M 540M
Total current liabilities
1.4B 1.2B 1.2B 2B 1.2B
Long term debt
3.6B 3.4B 2.7B 3.1B 3.7B
Other liabilities
590M 560M 520M 500M 490M
Minority Interest
540M 540M 490M 500M 370M
Total Liabilities
7.8B 7.4B 6B 7.2B 7.4B
Common stock
130M 130M 130M 130M 130M
Retained earning
5.9B 5.8B 5.5B 4.6B 3.4B
Treasury stock
-400M -380M -380M -300M -320M
Capital surplus
Shareholder equity
6B 5.9B 5.6B 4.9B 3.5B
Net tangible assets
4.3B 4.1B 3.9B 3.1B 1.8B
20 ← 16 2020 2019 2018 2017 2016
Net Income
330M 420M 990M 1.3B 400M
Depreciation
770M 710M 640M 600M 380M
Changes in receivables
180M -1M 36M 62M 430M
Changes in inventories
-18M -78M 110M 99M 370M
Cash change
590M -25M -780M 1.1B -720M
Cash flow
1.3B 1.3B 1.4B 1.5B 830M
Capital expenditures
-530M -790M -700M -580M -630M
Investments
Investing activity other
Total investing cash flows
-510M -2B -750M -650M -2.6B
Dividends paid
Net borrowings
2.2B 2.7B 1.9B 2.3B 3.3B
Other financing cash flows
Cash flow financing
-220M 630M -1.4B 160M 1.5B
Exchange rate effect
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