SEC Filings

10-Q
WESTLAKE CHEMICAL CORP filed this Form 10-Q on 05/03/2018
Entire Document
 

WESTLAKE CHEMICAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—Continued
(Unaudited)
(in millions of dollars, except share amounts and per share data)

 
 
Three Months Ended March 31,
 
 
2018
 
2017
Income (loss) from operations
 
 
 
 
Olefins
 
$
163

 
$
180

Vinyls
 
266

 
70

Corporate and other
 
(28
)
 
(16
)
 
 
$
401

 
$
234

 
 
 
 
 
Depreciation and amortization
 
 
 
 
Olefins
 
$
34

 
$
41

Vinyls
 
118

 
107

Corporate and other
 
4

 
2

 
 
$
156

 
$
150

 
 
 
 
 
Other income, net
 
 
 
 
Olefins
 
$
2

 
$
1

Vinyls
 
12

 
6

Corporate and other
 
8

 

 
 
$
22

 
$
7

 
 
 
 
 
Provision for (benefit from) income taxes
 
 
 
 
Olefins
 
$
37

 
$
58

Vinyls
 
61

 
15

Corporate and other
 
(9
)
 
(17
)
 
 
$
89

 
$
56

 
 
 
 
 
Capital expenditures
 
 
 
 
Olefins
 
$
22

 
$
25

Vinyls
 
130

 
108

Corporate and other
 
2

 
1

 
 
$
154

 
$
134

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Income from operations
 
$
401

 
$
234

Interest expense
 
(37
)
 
(40
)
Other income, net
 
22

 
7

Income before income taxes
 
$
386

 
$
201



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