Westlake Chemical Corporation WLK Cash Flow

Westlake chemical corporation (WLK)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
537,000	462,000	508,000	660,000	819,000	1,034,000	1,719,000	1,620,000	1,491,000	1,339,000	628,430	479,444	436,064	420,000	430,682	549,088	643,529	665,000	736,273	718,009	677,391	685,016	668,603	668,737	645,110	610,425	534,730	451,404	421,089	385,555	316,721	297,687	263,235	258,966	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization
732,000	713,000	693,000	676,000	656,000	641,000	625,000	618,000	607,000	601,000	599,807	540,036	462,286	378,000	292,964	259,983	253,073	246,000	240,321	232,993	221,155	208,486	189,908	176,716	168,424	157,808	151,234	148,930	144,503	144,541	142,754	137,191	134,213	131,397	0	0	0
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,113	-	784	218	436	301	2,209	2,218	4,977	5,514	4,365	3,997	777	229	-132	349	383	1,321	0	0	0
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,723	-	2,005	1,945	1,809	1,673	1,538	1,460	1,459	1,459	1,458	1,442	1,479	1,514	1,543	1,621	1,645	1,683	0	0	0
Stock-based compensation expense
24,000	25,000	25,000	24,000	23,000	22,000	22,000	23,000	23,000	23,000	24,412	19,916	17,697	14,000	9,044	10,179	9,963	10,000	9,949	9,655	9,379	9,261	9,018	8,353	7,689	6,966	6,291	6,126	5,975	6,127	6,269	6,389	6,539	6,391	0	0	0
Gain realized on previously held shares of Axiall common stock and from sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	54,000	53,925	1,524	4,052	4,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from disposition and write-off of property, plant and equipment
-34,000	-49,000	-50,000	-56,000	-58,000	-44,000	-34,000	-30,000	-25,000	-22,000	-16,459	-12,669	-11,691	-9,000	-14,951	-13,441	-11,176	-11,000	-4,136	-3,199	-3,459	-4,181	-2,995	-2,786	-3,507	-5,039	-6,620	-7,323	-5,792	-3,886	-2,298	-1,921	-1,812	-1,375	0	0	0
Deferred income taxes
165,000	54,000	22,000	32,000	61,000	62,000	-483,000	-504,000	-512,000	-534,000	18,090	13,010	36,363	101,000	138,325	139,902	93,306	40,000	32,093	42,696	56,023	58,967	44,748	52,666	72,541	93,732	73,265	47,912	22,882	-5,793	-936	4,885	7,489	14,114	0	0	0
Windfall tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	211	-	2,486	4,163	4,893	6,704	7,063	5,309	5,117	5,449	9,231	10,075	11,330	11,967	0	0	0	-	-	-	-
Dividends in excess of income from equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,561	-	-1,759	945	3,155	424	4,586	2,409	308	-199	-2,024	-2,448	-2,125	-3,005	-4,583	-3,051	-760	427	0	0	0
Gain on involuntary conversion of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other losses (gains), net
-10,000	1,000	4,000	-4,000	-4,000	-20,000	-20,000	-2,000	-10,000	-3,000	1,167	2,790	4,339	5,000	3,249	6,787	7,215	6,000	5,566	2,436	489	1,487	-123	-154	816	372	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of business acquisitions
Accounts receivable
140,000	-59,000	-189,000	-95,000	-34,000	58,000	107,000	170,000	108,000	40,000	42,689	19,004	-21,324	-50,000	84,248	-12,384	-8,159	-63,000	-82,043	-38,148	-46,346	-33,161	-10,099	-19,297	1,581	14,830	26,156	43,939	-36,253	-6,450	-68,490	-11,378	36,146	45,766	0	0	0
Inventories
-85,000	-112,000	-55,000	-11,000	63,000	123,000	98,000	62,000	54,000	32,000	31,876	28,281	40,122	62,000	13,023	-36,166	-22,143	-99,000	-76,494	-66,842	-54,196	-51,087	-60,184	10,380	4,987	46,633	54,086	-5,933	-14,331	-91,479	-94,711	-101,074	-23,852	40,749	0	0	0
Prepaid expenses and other current assets
-2,000	1,000	5,000	-4,000	-1,000	1,000	-6,000	-8,000	-22,000	-26,000	-26,369	-28,586	-27,791	-11,000	-3,127	5,742	8,589	4,000	-1,507	-2,097	-2,737	-7,461	-5,021	-1,992	-124	475	5,266	7,232	2,671	2,205	3,029	-4,995	228	-2,987	0	0	0
Accounts payable
-84,000	-89,000	-185,000	-129,000	-94,000	-100,000	61,000	-7,000	24,000	86,000	38,891	39,606	37,248	12,000	42,620	34,721	5,377	-22,000	-28,979	-77,574	-71,156	-97,237	-104,467	-13,387	-30,619	13,820	42,444	9,535	30,146	-12,725	-5,782	-16,094	14,654	20,311	0	0	0
Accrued and other liabilities
-49,000	-13,000	-51,000	0	-70,000	-8,000	67,000	132,000	189,000	115,000	31,843	-37,383	-19,743	48,000	76,050	30,909	-2,672	-8,000	-47,869	20,832	20,356	74,989	112,573	30,866	-5,429	-15,147	-3,451	6,368	39,358	32,381	24,532	24,922	22,489	18,785	0	0	0
Other, net
81,000	71,000	83,000	98,000	90,000	84,000	105,000	89,000	101,000	75,000	24,840	20,820	46,046	65,000	75,205	71,082	4,753	2,000	1,664	6,519	9,680	4,864	9,323	3,980	7,643	60,090	57,485	79,551	72,794	15,238	18,304	3,812	10,979	10,067	0	0	0
Net cash provided by operating activities
1,215,000	1,301,000	1,222,000	1,327,000	1,331,000	1,409,000	1,721,000	1,597,000	1,596,000	1,528,000	1,284,840	977,108	895,065	867,000	781,860	1,013,537	1,017,379	1,079,000	1,097,552	1,035,489	1,010,427	1,032,376	981,353	929,491	848,982	752,729	666,756	551,421	622,763	612,087	607,413	549,776	423,851	358,935	0	0	0
Cash flows from investing activities
Acquisition of businesses, net of cash acquired
78,000	314,000	314,000	314,000	236,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Property, Plant, and Equipment
748,000	787,000	799,000	801,000	751,000	702,000	670,000	608,000	597,000	577,000	575,670	622,840	626,672	629,000	629,094	574,227	531,506	491,000	449,157	418,125	416,185	431,104	492,115	598,261	639,179	679,222	649,709	544,187	472,764	386,882	300,483	248,233	212,937	176,843	0	0	0
Additions to cost method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to investments in unconsolidated subsidiaries
820,000	862,000	50,000	65,000	84,000	68,000	82,000	80,000	77,000	66,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Equity Method Investment, Distribution, Return of Capital
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	153	-	53	168	169	181	218	102	161	151	114	118	470	471	859	839	2,253	2,880	0	0	0
Proceeds from involuntary conversion of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayment of loan acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	596	763	1,192	1,192	1,192	1,192	1,192	1,192	0	0	0
Proceeds from sales and maturities of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	663,000	695,882	336,395	75,859	49,000	16,056	15,037	311,926	342,045	354,800	384,779	157,765	252,519	239,764	211,413	172,528	47,655	0	0	0	-	-	-	-
Purchase of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	138,000	0	0	0	-	-	-	-	117,332	252,196	369,601	321,272	367,150	357,159	239,754	219,776	127,834	0	0	0	-	-	-	-
Other, net
4,000	-9,000	-22,000	-17,000	-20,000	-16,000	-12,000	-5,000	-5,000	-4,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlements of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,634	-	2,677	2,715	2,255	1,831	5,312	5,622	6,650	6,920	2,337	1,668	759	-431	-1,053	-984	-984	-251	0	0	0
Net cash used for investing activities
-1,611,000	-1,954,000	-1,141,000	-1,163,000	-1,051,000	-754,000	-753,000	-696,000	-682,000	-652,000	-633,915	-2,746,583	-2,563,779	-2,563,000	-2,841,492	-958,129	-1,056,566	-1,006,000	-674,620	-955,017	-739,816	-773,205	-959,769	-605,828	-1,010,958	-1,002,238	-967,034	-758,117	-521,113	-466,971	-258,557	-234,177	-241,734	-202,785	0	0	0
Cash flows from financing activities
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	36,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
133,000	132,000	131,000	131,000	126,000	120,000	114,000	108,000	106,000	103,000	101,067	98,683	97,300	97,000	96,081	95,421	93,736	92,000	89,818	87,929	82,831	77,656	70,722	63,739	59,472	55,236	303,380	300,803	293,160	285,521	27,251	19,657	18,961	18,265	0	0	0
Distributions to noncontrolling interests
52,000	50,000	48,000	46,000	46,000	45,000	44,000	41,000	31,000	28,000	25,700	24,916	17,015	17,000	16,318	15,866	15,427	15,000	13,186	9,422	5,762	2,204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of Westlake Chemical Partners LP common units
0	63,000	63,000	63,000	63,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes payable
-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	0	55,010	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from drawdown of revolver
0	-	-	-	0	-	-	-	-	978,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
-	-	-	-	-	-	-	-	-	150,000	150,000	150,000	150,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,006	2,168	3,523	5,524	5,757	4,968	4,005	3,437	6,924	8,517	11,479	10,369	6,648	4,529	1,004	5,344	0	0	0
Proceeds from drawdown of revolver
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash associated with term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of revolver
-	-	-	-	-	-	-	-	-	550,000	550,000	485,000	250,000	125,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes payable
41,000	18,000	21,000	11,000	477,000	1,179,000	1,427,000	1,425,000	961,000	257,000	9,398	9,374	7,905	13,000	51,648	78,327	81,095	74,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock for treasury
84,000	30,000	0	0	0	-	-	-	-	-	-	-	-	67,000	116,152	167,600	161,679	163,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-2,000	-7,000	4,000	3,000	7,000	9,000	11,000	12,000	10,000	5,000	4,160	5,200	4,712	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utilization of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96,433	116,966	104,013	73,852	54,227	0	0	0
Windfall tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,486	4,163	4,893	6,704	7,063	5,309	5,117	5,449	9,231	10,075	11,330	11,967	0	0	0	-	-	-	-
Net cash provided by financing activities
1,492,000	630,000	573,000	-233,000	-675,000	-1,427,000	-865,000	-835,000	-472,000	6,000	-333,501	1,422,489	1,467,121	1,687,000	1,476,624	-310,390	-294,457	-287,000	-270,391	76,541	150,095	164,640	204,015	-73,097	-83,268	-79,268	-306,634	-278,341	-218,905	-180,939	90,673	82,617	58,522	39,452	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-4,000	-2,000	-6,000	-5,000	-12,000	-7,000	-2,000	11,000	27,000	26,000	11,582	3,514	-8,858	-8,000	1,678	-514	3,047	-4,000	-4,084	-6,511	-7,700	-4,511	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-779,000	101,000	77,000	469,000	908,000	329,006	-343,472	-210,451	-17,000	-581,330	-255,496	-330,597	-218,000	148,457	150,502	413,006	419,300	221,912	250,566	-245,244	-328,777	-606,912	-485,037	-117,255	-35,823	439,529	398,216	240,639	195,602	0	0	0