Westlake Chemical Corporation WLK Income Statement

Westlake chemical corporation (WLK)

Income statement / Quarterly

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	Sep'10	Jun'10
Net sales
1,932,000	1,883,000	2,066,000	2,144,000	2,025,000	1,995,000	2,255,000	2,235,000	2,150,000	2,010,000	2,109,000	1,979,000	1,943,000	1,735,724	1,279,028	1,086,061	975,187	986,430	1,188,037	1,185,002	1,103,531	1,135,871	1,253,227	998,576	1,027,676	951,625	1,004,165	939,047	864,647	801,041	821,175	913,958	1,034,867	859,175	968,372	925,049	867,252	779,677	818,389
Cost of sales
1,649,000	1,633,000	1,695,000	1,804,000	1,726,000	1,641,000	1,716,000	1,683,000	1,608,000	1,514,000	1,613,000	1,576,000	1,577,000	1,451,808	1,076,895	844,695	719,602	750,433	876,761	831,821	818,985	773,022	891,707	692,605	740,666	655,954	699,694	665,560	636,838	610,793	648,996	712,062	862,230	781,915	821,305	757,954	699,668	644,822	692,365
Gross profit
283,000	250,000	371,000	340,000	299,000	354,000	539,000	552,000	542,000	496,000	496,000	403,000	366,000	283,916	202,133	241,366	255,585	235,997	311,276	353,181	284,546	362,849	361,520	305,971	287,010	295,671	304,471	273,487	227,809	190,248	172,179	201,896	172,637	77,260	147,067	167,095	167,584	134,855	126,024
Selling, general and administrative expenses
120,000	115,000	110,000	117,000	116,000	108,000	114,000	115,000	108,000	101,000	98,000	101,000	99,000	78,243	72,729	53,719	53,309	47,679	57,248	57,807	55,266	50,848	54,759	39,183	38,955	38,091	37,869	38,260	33,754	34,017	29,662	30,918	27,012	26,801	29,736	28,726	26,947	27,509	26,487
Amortization of intangibles
27,000	28,000	27,000	27,000	27,000	26,000	24,000	25,000	26,000	26,000	27,000	30,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring, transaction and integration-related costs
0	5,000	8,000	2,000	22,000	13,000	5,000	8,000	7,000	6,000	7,000	8,000	8,000	13,450	82,841	7,709	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
136,000	102,000	226,000	194,000	134,000	207,000	396,000	404,000	401,000	363,000	364,000	264,000	234,000	154,223	46,563	179,938	202,276	181,318	254,028	295,374	229,280	302,387	306,761	266,788	248,055	257,580	266,602	235,227	194,055	156,231	142,517	170,978	145,625	50,459	117,331	138,369	140,637	107,346	99,537
Other income (expense)
Interest expense
31,000	35,000	31,000	28,000	30,000	30,000	28,000	31,000	37,000	40,000	40,000	39,000	40,000	42,034	24,366	5,915	6,685	8,240	8,211	8,958	9,591	9,170	9,486	9,539	9,157	3,161	3,297	5,343	6,281	7,367	11,934	11,571	12,177	12,543	12,727	12,802	12,920	11,002	8,784
Debt retirement costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,082	-	-	-	0	-	-	-	-
Gain from sales of equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	477	15,952	-	-	0	-	-	-	-
Other income, net
11,000	6,000	21,000	2,000	9,000	-1,000	23,000	8,000	22,000	2,000	4,000	2,000	7,000	1,909	41,265	8,181	2,645	4,210	2,636	22,058	9,096	-7,161	-2,670	4,601	2,509	3,653	-287	-95	3,519	-156	1,222	1,107	1,347	1,332	1,457	1,632	1,207	622	-180
Income before income taxes
116,000	73,000	216,000	168,000	113,000	176,000	391,000	381,000	386,000	325,000	328,000	227,000	201,000	114,098	63,462	182,204	198,236	177,288	248,453	308,474	228,785	286,056	294,605	261,850	241,407	258,072	263,018	229,789	191,293	148,708	125,200	176,466	134,795	39,248	106,061	127,199	128,924	96,966	90,573
Income Tax Expense (Benefit)
-41,000	-12,000	50,000	39,000	31,000	45,000	73,000	93,000	89,000	-491,000	109,000	68,000	56,000	8,668	-6,552	66,584	69,300	61,176	60,033	98,413	78,378	98,671	124,449	92,407	83,375	87,100	92,728	83,973	67,946	53,431	38,236	60,965	46,982	12,805	38,131	46,150	45,380	34,235	33,631
Net income
157,000	85,000	166,000	129,000	82,000	131,000	318,000	288,000	297,000	816,000	219,000	159,000	145,000	105,430	70,014	115,620	128,936	116,112	188,420	210,061	150,407	187,385	170,156	169,443	158,032	-	170,290	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
12,000	13,000	8,000	10,000	10,000	8,000	10,000	10,000	10,000	14,000	8,000	6,000	7,000	6,344	4,352	4,496	5,808	5,153	4,816	4,966	4,065	4,094	2,399	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Westlake Chemical Corporation
145,000	72,000	158,000	119,000	72,000	123,000	308,000	278,000	287,000	802,000	211,000	153,000	138,000	99,086	65,662	111,124	123,128	110,959	183,604	205,095	146,342	183,291	167,757	169,443	158,032	170,972	170,290	145,816	123,347	95,277	86,964	115,501	87,813	26,443	67,930	81,049	83,544	62,731	56,942
Earnings per common share attributable to Westlake Chemical Corporation:
Basic (in dollars per share)
1.13	0.56	1.22	0.92	0.56	0.96	2.36	2.13	2.21	6.18	1.62	1.18	1.07	0.77	0.51	0.85	0.94	0.84	1.39	1.55	1.10	1.38	1.26	1.27	1.18	1.28	1.28	1.09	0.92	-1.46	1.30	1.73	1.32	0.39	1.02	1.22	1.26	0.95	0.86
Diluted (in dollars per share)
1.13	0.56	1.22	0.92	0.55	0.95	2.35	2.12	2.20	6.16	1.61	1.17	1.06	0.76	0.51	0.85	0.94	0.83	1.39	1.54	1.10	1.38	1.25	1.26	1.18	1.27	1.27	1.09	0.92	-1.45	1.30	1.72	1.31	0.40	1.01	1.21	1.25	0.95	0.86
Weighted average common shares outstanding:
Basic (in shares)
128,237	128,350	128,216	128,485	128,528	129,071	129,427	129,624	129,483	129,248	129,069	129,051	128,979	128,903	128,793	129,583	130,189	130,377	131,664	132,538	132,714	132,849	133,299	133,223	133,072	133,129	133,257	133,259	133,251	331,595	66,311	66,298	66,109	65,952	66,012	65,999	65,745	65,481	65,458
Diluted (in shares)
128,442	128,712	128,552	128,850	128,913	129,393	130,052	130,306	130,190	128,792	129,888	129,786	129,692	129,938	129,379	129,980	130,600	130,835	132,121	133,044	133,205	133,346	133,846	133,767	133,612	133,696	133,811	133,791	133,817	333,267	66,656	66,648	66,558	66,280	66,381	66,425	66,112	65,677	65,606
Dividends per common share (usd per share)
-	-	-	-	-	-	-	-	-	-	-	0.19	0.19	-	0.19	0.18	0.18	0.18	0.18	0.16	0.16	0.16	0.16	0.12	0.12	0.11	0.11	0.09	0.09	1.80	0.18	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.05