Westlake Chemical Corporation WLK Income Statement

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net sales
8,118	8,635	8,041	5,076	4,463	4,415	3,759	3,571	3,619	3,171	2,325
Cost of sales
6,858	6,648	6,280	4,093	3,278	3,098	2,658	2,834	3,060	2,689	2,130
Gross profit
1,260	1,987	1,761	983	1,185	1,317	1,101	736	559	482	195
Selling, general and administrative expenses
458	445	399	258	218	183	147	121	112	104	87
Amortization of intangibles
109	101	108	38	7	-	-	-	-	-	-
Restructuring, transaction and integration-related costs
37	33	29	104	0	9	-	-	-	-	-
Operating Income (Loss)
656	1,408	1,225	583	960	1,123	953	615	446	378	107
Other income (expense)
Interest expense
124	126	159	79	35	37	18	43	50	39	34
Debt retirement costs
-	-	-	-	-	-	-	-7	0	0	-
Gain from sales of equity securities
-	-	-	-	-	-	-	16	0	0	-
Other income, net
38	52	15	54	38	-2	6	3	5	4	6
Income before income taxes
570	1,334	1,081	558	963	1,083	942	585	401	342	78
Income Tax Expense (Benefit)
108	300	-258	138	298	398	331	199	142	121	25
Net income
462	1,034	1,339	420	665	685	610	385	-	-	-
Net income attributable to noncontrolling interests
41	38	35	21	19	6	0	0	-	-	-
Net income attributable to Westlake Chemical Corporation
421	996	1,304	399	646	678	610	385	258	221	52
Earnings per common share attributable to Westlake Chemical Corporation:
Basic (in dollars per share)
3.26	7.66	10.05	3.07	4.88	5.09	4.57	2.89	3.89	3.35	0.80
Diluted (in dollars per share)
3.25	7.62	10.00	3.06	4.86	5.07	4.55	2.88	3.87	3.34	0.80
Weighted average common shares outstanding:
Basic (in shares)
128	129	129	129	131	133	133	132	65	65	65
Diluted (in shares)
128	129	129	129	132	133	133	133	66	65	65
Dividends per common share (usd per share)
-	-	-	-	0.69	0.58	0.41	2.13	0.27	0.24	0.22