Westlake Chemical (WLK) stock price, revenue, and financials

Westlake Chemical market cap is $13 b, and annual revenue was $7.5 b in FY 2020

$13 B

WLK Mkt cap, 12-Nov-2021

$2.4 B

Westlake Chemical Revenue Q1, 2021
Westlake Chemical Gross profit (Q1, 2021)509 M
Westlake Chemical Gross profit margin (Q1, 2021), %21.6%
Westlake Chemical Net income (Q1, 2021)253 M
Westlake Chemical EBIT (Q1, 2021)346 M
Westlake Chemical Cash, 31-Mar-20211.4 B
Westlake Chemical EV15.5 B
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Westlake Chemical Revenue

Westlake Chemical revenue was $7.5 b in FY, 2020 which is a 7.6% year over year decrease from the previous period.

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Westlake Chemical Revenue Breakdown

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Westlake Chemical revenue breakdown by business segment: 79.6% from Vinyls and 20.4% from Olefins

Westlake Chemical revenue breakdown by geographic segment: 7.2% from China, 19.0% from Germany, 24.9% from Canada and 48.9% from Other

Westlake Chemical Income Statement

Annual

USDFY, 2018FY, 2019FY, 2020

Revenue

8.6b8.1b7.5b

Revenue growth, %

7%(6%)(8%)

Cost of goods sold

6.6b6.9b6.5b

Gross profit

2.0b1.3b1.0b

Gross profit Margin, %

23%16%14%

General and administrative expense

445.0m458.0m449.0m

Operating expense total

579.0m604.0m594.0m

Depreciation and amortization

101.0m109.0m109.0m

EBIT

1.4b656.0m429.0m

EBIT margin, %

16%8%6%

Interest expense

126.0m124.0m142.0m

Pre tax profit

1.3b570.0m331.0m

Income tax expense

300.0m108.0m(42.0m)

Net Income

996.0m421.0m373.0m

EPS

7.63.32.6

Westlake Chemical Balance Sheet

Annual

USDFY, 2018FY, 2019FY, 2020

Cash

753.0m728.0m1.3b

Accounts Receivable

1.0b1.0b1.2b

Prepaid Expenses

38.0m42.0m32.0m

Inventories

1.0b936.0m918.0m

Current Assets

2.8b2.7b3.5b

PP&E

6.6b6.9b6.9b

Goodwill

1.0b1.1b1.1b

Total Assets

11.6b13.3b13.8b

Accounts Payable

507.0m473.0m536.0m

Current Liabilities

1.2b1.2b1.4b

Long-term debt

2.7b3.8b3.9b

Total Debt

2.7b3.8b3.9b

Total Liabilities

5.5b6.9b7.3b

Common Stock

1.0m1.0m1.0m

Additional Paid-in Capital

556.0m553.0m569.0m

Retained Earnings

5.5b5.8b5.9b

Total Equity

6.1b6.4b6.6b

Debt to Equity Ratio

0.4 x0.6 x0.6 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x

Financial Leverage

1.9 x2.1 x2.1 x

Westlake Chemical Cash Flow

Annual

USDFY, 2018FY, 2019FY, 2020

Net Income

1.0b462.0m373.0m

Depreciation and Amortization

742.0m713.0m773.0m

Accounts Receivable

(58.0m)59.0m(161.0m)

Inventories

(123.0m)112.0m29.0m

Accounts Payable

(100.0m)(89.0m)67.0m

Cash From Operating Activities

1.4b1.3b1.3b

Purchases of PP&E

(702.0m)(787.0m)(525.0m)

Cash From Investing Activities

(754.0m)(2.0b)(509.0m)

Short-term Borrowings

(17.0m)

Long-term Borrowings

(1.2b)(18.0m)(1.3b)

Dividends Paid

(165.0m)(182.0m)(192.0m)

Cash From Financing Activities

(1.4b)630.0m(216.0m)

Net Change in Cash

(779.0m)(25.0m)587.0m

Westlake Chemical Ratios

USDFY, 2018

EV/EBIT

7.4 x

EV/CFO

7.4 x

Revenue/Employee

973.5k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x

P/E Ratio

8.7

Westlake Chemical Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Annual Production Capacity (Ethylene, Olefins), pounds

2.99 b2.99 b2.99 b2.99 b

Annual Production Capacity (LDP), pounds

1.5 b1.5 b1.5 b1.5 b

Annual Production Capacity (LLDPE), pounds

1.07 b1.07 b1.07 b1.07 b

Annual Production Capacity (Styrene), pounds

570 m570 m570 m570 m

Annual Production Capacity (Specialty PVC), pounds

1.1 b1.1 b1.09 b980 m

Annual Production Capacity (Commodity PVC), pounds

6.03 b6.03 b6.7 b6.82 b

Annual Production Capacity (VCM), pounds

7.48 b7.48 b7.63 b7.83 b

Annual Production Capacity (Chlorine), pounds

7.14 b7.14 b7.14 b7.14 b

Annual Production Capacity (Caustic Soda), pounds

7.86 b7.86 b7.86 b7.86 b

Annual Production Capacity (Chlorinated Derivative Products), pounds

2.29 b2.29 b2.29 b2.29 b

Annual Production Capacity (Ethylene, Vinyls), pounds

730 m730 m1.76 b1.76 b

Annual Production Capacity (Building Products and PVC Compounds), pounds

1.95 b3.35 b3.38 b3.47 b

Westlake Chemical Employee Rating

4134 votes
Culture & Values
3.7
Work/Life Balance
3.2
Senior Management
3.5
Salary & Benefits
3.7
Career Opportunities
3.6
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