Westlake Chemical Revenue, Profits - WLK Annual Income Statement

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$93.88 $3.81 (3.9%) WLK stock closing price Aug 15, 2018 (Closing)

WLK stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Westlake Chemical stock price. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 5.08B to 8.04B and how operating and non operating activities have impacted the WLK stock. Along with Westlake Chemical assets and Westlake Chemical free cash flow, Westlake Chemical profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $1.3B and the 2017 revenue is $8.04B.

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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Westlake Chemical Revenues or Net Sales
8.04B5.08B4.46B4.42B3.76B3.57B3.62B3.17B2.33B3.69B
Cost Of Goods Sold (COGS)6.27B4.09B3.28B3.1B2.66B2.83B3.06B2.69B2.13B3.62B
Westlake Chemical Gross Profit
1.77B980.56M1.19B1.32B1.1B736.96M559M482.68M195.12M69.36M
Research & Development Expense----------
Selling General & Admin Expense428M399.1M225.36M193.35M147.97M121.6M112.21M104.31M87.87M98.9M
Income Before Depreciation Depletion Amortization1.34B581.45M959.82M1.12B953.46M615.35M446.79M378.36M107.25M-29.54M
Depreciation Depletion Amortization108M---------
Non Operating Income7M56.39M38.27M-2.72M6.79M12.86M5.62M4.47M6.45M5.47M
Interest Expense159M79.47M34.65M37.35M18.08M43.04M50.99M39.87M34.95M33.95M
Westlake Chemical Pretax Income
1.08B558.37M963.44M1.08B942.17M585.16M401.43M342.96M78.75M-58.02M
Provision for Income Taxes-258M138.52M298.39M398.9M331.74M199.61M142.46M121.56M25.75M-28.47M
MinorityInterest35M21M19.03M6.49M------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.34B419.85M665.04M685.01M610.42M385.55M258.96M221.39M52.99M-29.54M
Extraordinary Items & Discontinued Operations----------
Westlake Chemical Profit/ Loss (Net Income)
1.3B398.85M646.01M678.52M610.42M385.55M258.96M221.39M52.99M-29.54M
Average Shares used to compute Diluted EPS130.4M130.35M132.92M133.83M134.4M134.11M133.83M132.69M132.03M130.63M
Average Shares used to compute Basic EPS130.4M130.35M132.38M133.83M134.4M133.41M133.14M132.28M131.83M130.55M
Income Before Nonrecurring Items713M504.62M631.93M728.55M610.43M379.48M258.97M221.39M53M-32.24M
Income from Nonrecurring Items591M-105.77M14.08M-50.03M-6.08M---2.7M
Westlake Chemical Earnings Per Share Basic Net
10.053.074.885.094.572.891.951.680.40-0.23
Westlake Chemical Earnings Per Share Diluted Net
10.003.064.865.074.552.881.941.670.40-0.23
EPS Diluted Before Nonrecurring Items5.473.874.755.444.552.831.941.670.40-0.25
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.800.740.690.580.412.140.140.120.110.10
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Westlake Chemical stock analysis are:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Westlake Chemical revenue chart implies that the company is growing. It has been the case with Westlake Chemical. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $1.3B for WLK stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The WLK financials along with Westlake Chemical historical stock prices provide a lot of details about the firm.

Westlake Chemical Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
8.09
PS Ratio (price sales ratio)
1.5
Operating Margin
18.1
Net Profit Margin
12.4
Dividend Yield
0.86%

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