Westlake chemical corporation (WLK)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets
Cash and cash equivalents

1,537

728

1,437

409

445

753

788

482

851

1,531

678

395

372

459

380

770

614

662

961

1,026

945

880

813

876

532

461

591

625

777

790

1,198

1,110

895

825

758

712

630

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

352

525

520

285

-

-

0

0

0

243

239

125

29

94

124

-

-

-

0

-

-

-

Accounts receivable, net

1,265

1,036

1,094

1,213

1,121

1,037

1,241

1,261

1,135

1,001

1,142

1,095

1,003

939

1,070

582

549

508

520

600

527

560

592

454

421

428

433

475

407

400

393

418

444

407

462

430

362

Inventories

934

936

906

925

1,021

1,014

939

905

944

900

834

831

821

801

744

448

478

434

430

486

480

525

500

437

439

471

451

427

408

399

371

407

422

490

466

508

450

Prepaid expenses and other current assets

32

42

45

48

40

38

36

46

29

31

34

45

43

48

54

35

24

14

18

23

18

11

18

20

15

13

18

20

14

14

14

15

14

12

11

20

15

Restricted cash

-

-

-

-

-

-

-

-

-

-

8

8

9

161

169

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

20

65

96

116

124

150

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

35

31

29

30

32

26

34

34

34

22

22

22

22

19

19

19

19

17

17

17

Total current assets

3,768

2,742

3,482

2,595

2,627

2,842

3,004

2,694

2,959

3,463

2,699

2,377

2,251

2,408

2,419

2,190

2,191

2,175

2,248

2,166

2,002

2,011

1,951

1,822

1,687

1,649

1,642

1,601

1,725

1,751

1,997

1,970

1,795

1,756

1,716

1,688

1,475

Property, plant and equipment, net

6,883

6,912

6,842

6,832

6,720

6,595

6,519

6,468

6,447

6,412

6,343

6,316

6,392

6,420

6,450

3,230

3,114

3,004

2,916

2,855

2,751

2,757

2,710

2,217

2,150

2,088

1,952

1,785

1,629

1,510

1,394

1,309

1,263

1,232

1,195

1,179

1,170

Operating lease right-of-use assets

432

443

417

381

400

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

1,065

1,074

1,069

1,079

1,047

1,002

1,008

1,006

1,010

1,012

1,011

999

950

947

925

-

-

62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets, net

180

187

191

204

188

134

141

149

160

161

166

169

172

176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

1,065

1,112

-

-

-

253

-

-

-

-

-

-

-

-

-

8

9

-

9

37

64

61

70

68

67

66

65

48

43

43

44

44

46

46

47

47

46

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

213

-

218

213

207

218

222

155

157

159

159

161

48

48

-

-

-

49

-

-

-

Other assets, net

273

268

565

566

559

251

499

460

434

412

387

367

360

328

310

282

194

176

131

137

154

165

170

105

109

97

102

111

112

58

-

-

-

86

-

-

-

Total other assets, net

-

-

-

-

-

-

-

-

-

-

2,200

2,191

2,080

-

2,026

491

408

390

349

351

361

383

393

260

266

256

262

273

160

106

107

96

158

135

131

108

111

Total assets

14,163

13,261

13,107

12,216

12,104

11,602

11,721

11,346

11,604

12,076

11,244

10,885

10,724

10,890

10,897

5,920

5,724

5,569

5,524

5,411

5,179

5,213

5,126

4,369

4,171

4,060

3,923

3,708

3,559

3,412

3,544

3,441

3,330

3,266

3,207

3,147

2,954

LIABILITIES AND EQUITY
Current liabilities
Accounts payable

431

473

496

521

548

507

626

582

596

600

560

583

543

496

503

307

257

235

244

282

247

261

263

219

211

249

258

247

232

217

199

208

197

227

196

223

204

Accrued and other liabilities

593

768

742

733

678

676

675

604

596

657

609

447

400

538

552

312

248

287

290

251

205

276

309

167

147

155

174

147

167

181

163

129

114

137

135

105

118

Current portion of long-term debt, net

-

-

-

-

-

-

0

0

461

710

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan

-

-

-

-

-

-

-

-

-

-

0

0

0

149

148

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

1,024

1,241

1,238

1,254

1,226

1,183

1,301

1,186

1,653

1,967

1,170

1,030

943

1,183

1,204

620

506

522

534

534

453

537

573

386

359

404

432

394

399

398

362

338

311

364

331

329

323

Long-term debt, net

4,432

3,445

3,424

2,669

2,669

2,668

2,667

2,666

2,666

3,127

3,349

3,489

3,601

3,679

3,680

758

758

758

764

764

764

763

763

763

763

763

763

763

763

763

763

764

764

764

764

764

764

Deferred income taxes

1,386

1,255

1,230

1,206

1,199

1,159

1,184

1,153

1,125

1,111

1,660

1,648

1,649

1,650

1,607

664

609

575

534

532

534

536

513

458

447

437

410

386

355

326

335

337

340

330

335

331

315

Pension and other post-retirement benefits

352

360

328

334

336

337

303

332

342

344

367

366

362

365

434

-

-

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

346

355

330

294

311

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

185

202

195

200

178

179

178

163

177

158

144

140

135

121

146

139

145

28

170

162

157

174

153

31

32

35

51

50

49

51

48

49

49

50

46

47

45

Total liabilities

7,725

6,858

6,745

5,957

5,919

5,526

5,633

5,500

5,963

6,707

6,692

6,676

6,691

6,998

7,072

2,183

2,019

2,007

2,004

1,993

1,909

2,012

2,003

1,641

1,603

1,642

1,658

1,595

1,569

1,539

1,510

1,489

1,467

1,510

1,478

1,473

1,449

Commitments and contingencies (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value, 300,000,000 shares authorized;134,651,380 and 134,651,380 shares issued at March 31, 2020 and December 31, 2019, respectively

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

Common stock, held in treasury, at cost; 6,979,662 and 6,266,609 shares at March 31, 2020 and December 31, 2019, respectively

413

377

396

390

371

382

337

289

292

302

314

316

316

319

319

322

256

258

217

158

98

96

53

45

46

46

32

26

13

13

13

13

2

2

2

-

-

Additional paid-in capital

551

553

561

558

553

556

562

558

555

555

558

555

552

551

546

545

542

542

540

537

534

530

527

523

519

511

509

506

503

496

486

481

474

467

466

464

452

Retained earnings

5,860

5,757

5,724

5,600

5,513

5,477

5,400

5,125

4,874

4,613

3,837

3,653

3,525

3,412

3,337

3,296

3,209

3,109

3,022

2,863

2,679

2,555

2,394

2,248

2,095

1,954

1,798

1,643

1,510

1,399

1,567

1,492

1,382

1,299

1,277

1,214

1,058

Accumulated other comprehensive loss

-106

-74

-66

-50

-64

-62

-24

-33

3

7

-13

-53

-103

-121

-108

-82

-90

-129

-121

-119

-137

-79

-36

-0

-1

-2

-10

-11

-11

-10

-8

-9

-

-9

-

-

-

Benefits liability, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

11

11

12

Cumulative translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

4

5

5

Unrealized holding gains on investments, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-

-6

-

-

Total Westlake Chemical Corporation stockholders' equity

5,893

5,860

5,824

5,719

5,632

5,590

5,602

5,362

5,141

4,874

4,068

3,840

3,659

3,524

3,457

3,439

3,406

3,265

3,224

3,123

2,979

2,911

2,833

2,728

2,568

2,418

2,265

2,112

1,989

1,872

2,033

1,952

1,863

1,756

1,729

1,673

1,505

Noncontrolling interests

545

543

538

540

553

486

486

484

500

495

482

368

373

368

366

298

297

296

294

293

290

290

288

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total equity

6,438

6,403

6,362

6,259

6,185

6,076

6,088

5,846

5,641

5,369

4,551

4,209

4,032

3,892

3,824

3,737

3,704

3,561

3,519

3,417

3,270

3,201

3,122

-

-

2,418

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

14,163

13,261

13,107

12,216

12,104

11,602

11,721

11,346

11,604

12,076

11,244

10,885

10,724

10,890

10,897

5,920

5,724

5,569

5,524

5,411

5,179

5,213

5,126

4,369

4,171

4,060

3,923

3,708

3,559

3,412

3,544

3,441

3,330

3,266

3,207

3,147

2,954

Customer Relationships [Member]
Customer relationships, net

497

523

541

559

563

525

550

569

594

616

635

654

596

611

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-