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WLK Price Correlated With Financials For Westlake Chemical

Free historical financial statements for Westlake Chemical Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 43 quarters since 2012. Compare with WLK stock chart to see long term trends.

WLK Stock Compared to Quarterly

WLK Income Statement

Revenue, Net:3956000000
Revenue Per Share:30.9199
Cost of Goods & Services Sold:3180000000
Gross Profit:776000000
Selling, General & Admin Expense:215000000
Operating Income:516000000
Income Taxes:84000000
Net Income:412000000
Earnings Per Share, Basic:3.12
Shares Outstanding, Basic Avg:127943400

WLK Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:264000000
Net Cash from Operations:947000000
Net Cash from Operations Per Share:7.4017
Repurchases/Buybacks Common Stock:null
Issuance of Long-term Debt:null
Cash Dividends Paid:46000000
Net Cash from Financing Activities:-103000000
Property, Plant & Equipment Purchases:318000000
Purchases of Businesses, Net of Cash:8000000
Net Cash from Investing Activities:-345000000
Net Change in Cash & Equivalents:462000000

WLK Balance Sheet

Cash and Cash Equivalents:1806000000
Accounts Receivable, Net:1968000000
Inventories:2024000000
Total Current Assets:6101000000
Property, Plant & Equipment, Net:8301000000
Total Assets:20425000000
Accounts Payable:994000000
Current Portion of Long-Term Debt:6000000
Total Short-Term Liabilities:2461000000
Long Term Debt, Non-Current Portion:4813000000
Total Liabilities:10237000000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
FMR LLC
3,568,885 sh
590,046 sh
20%
$310,065
$18,080
Vanguard Group Inc
3,342,875 sh
-272,204 sh
-8%
$290,429
-$63,921
Victory Capital Management Inc
3,018,650 sh
169,460 sh
6%
$262,260
-$17,017
Blackrock Inc.
2,221,783 sh
150,636 sh
7%
$193,029
-$9,985
Dimensional Fund Advisors LP
2,138,368 sh
-139,035 sh
-6%
$185,776
-$37,449
Soroban Capital Partners Lp
2,021,674 sh
21,674 sh
1%
$175,643
-$20,397
Bank Of America Corp /De/
967,207 sh
27,362 sh
3%
$84,030
-$8,094
First Trust Advisors Lp
821,828 sh
-69,438 sh
-8%
$71,400
-$15,962
Goldman Sachs Group Inc
801,683 sh
-28,721 sh
-3%
$69,651
-$11,745
State Street Corp
745,738 sh
38,195 sh
5%
$64,790
-$4,563
Pacer Advisors, Inc.
670,282 sh
125,762 sh
23%
$58,234
$4,860
Aqr Capital Management LLC
661,263 sh
247,327 sh
60%
$56,604
$16,030
Arrowstreet Capital, Limited Partnership
654,871 sh
377,653 sh
136%
$56,895
$29,722
Nuveen Asset Management, LLC
623,237 sh
104,878 sh
20%
$54,147
$3,337
Morgan Stanley
596,187 sh
-64,389 sh
-10%
$51,795
-$12,955
Federated Hermes, Inc.
554,019 sh
-338,422 sh
-38%
$48,133
-$39,344
Mirae Asset Global Investments Co., Ltd.
536,716 sh
-80,365 sh
-13%
$46,630
-$13,856
Geode Capital Management, LLC
436,377 sh
-7,237 sh
-2%
$37,878
-$5,548
Allspring Global Investments Holdings, LLC
427,843 sh
42,413 sh
11%
$37,170
-$609
Acadian Asset Management LLC
421,516 sh
-264,785 sh
-39%
$36,613
-$30,657
COMPANY PROFILE
Description of Business and Significant Accounting Policies Description of Business

Westlake Corporation, formerly known as Westlake Chemical Corporation (the "Company") operates as an integrated global manufacturer and marketer of performance and essential materials and housing and infrastructure products. These products include some of the most widely used materials in the world, which are fundamental to many diverse consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, coatings as well as other durable and non-durable goods. The Company's customers range from large chemical processors and plastics fabricators to small construction contractors, municipalities and supply warehouses throughout North America, Europe and Asia. The industries in which the Company operates are subject to price fluctuations and volatile feedstock pricing typical of a commodity-based industry, the effects of which may not be immediately passed along to customers. The Company changed its name from Westlake Chemical Corporation to Westlake Corporation on February 18, 2022.

Westlake Chemical Partners LP

In 2014, the Company formed Westlake Chemical Partners LP ("Westlake Partners") to operate, acquire and develop ethylene production facilities and related assets. Westlake Partners' assets consist of a limited partner interest in Westlake Chemical OpCo LP ("OpCo"), as well as the general partner interest in OpCo. OpCo's assets include two ethylene production facilities at the Company's Lake Charles, Louisiana site, one ethylene production facility at the Company's Calvert City, Kentucky site and a 200-mile common carrier ethylene pipeline that runs from Mont Belvieu, Texas to the Company's Longview, Texas site. As of December 31, 2021, the Company held a 77.2% limited partner interest in OpCo and a controlling interest in Westlake Partners. The operations of Westlake Partners are consolidated in the Company's financial statements.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and subsidiaries in which the Company directly or indirectly owns more than a 50% voting interest and exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. Investments in majority-owned companies where the Company does not exercise control and investments in nonconsolidated affiliates (20%-50% owned companies, joint ventures and partnerships) are accounted for using the equity method of accounting. Undistributed earnings from joint ventures included in retained earnings were immaterial as of December 31, 2021. All intercompany transactions and balances are eliminated in consolidation.

Noncontrolling interests represent the direct equity interests held by investors in the Company's consolidated subsidiaries, Westlake Partners, Taiwan Chlorine Industries, Ltd. and Suzhou Huasu Plastics Co., Ltd.

The Company holds a 50% interest in RS Cogen, LLC ("RS Cogen") with Entergy Power RS, LLC ("Entergy") holding the remaining interest. Effective January 2021, the Company consolidated RS Cogen into its consolidated financial statements and classified Entergy's 50% interest in RS Cogen as a component of noncontrolling interest on the consolidated balance sheet.

Recasting of Certain Prior Period Information

The Company has historically operated in two principal operating segments, Vinyls and Olefins. In the fourth quarter of 2021, the Company reorganized its business into two principal operating segments, Performance and Essential Materials and Housing and Infrastructure Products. The Olefins, PVC, VCM, chlorine, caustic soda and chlorinated derivative materials and polyethylene are included in the Performance and Essential Materials segment. Building products, pipe and fittings and PVC compounds are included in the Housing and Infrastructure Pro

Data imported from Westlake Chemical Corp SEC filings. Check original filings before making any investment decision.