SEC Filings

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

Results of Operations
 
 
Three Months Ended March 31,
 
 
2018
 
2017
 
 
 
 
 
 
 
(dollars in millions, except per share data)
Net external sales
 
 
 
 
Olefins
 
 
 
 
Polyethylene
 
$
369

 
$
386

Styrene, feedstock and other
 
134

 
157

Total Olefins
 
503

 
543

Vinyls
 
 
 
 
PVC, caustic soda and other
 
1,358

 
1,131

Building products
 
289

 
269

Total Vinyls
 
1,647

 
1,400

Total
 
$
2,150

 
$
1,943

 
 
 
 
 
Income (loss) from operations
 
 
 
 
Olefins
 
$
163

 
$
180

Vinyls
 
266

 
70

Corporate and other
 
(28
)
 
(16
)
Total income from operations
 
401

 
234

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

 
7

Provision for income taxes
 
89

 
56

Net income
 
297

 
145

Net income attributable to noncontrolling interests
 
10

 
7

Net income attributable to Westlake Chemical Corporation
 
$
287

 
$
138

Diluted earnings per share
 
$
2.20

 
$
1.06

EBITDA (1)
 
$
579

 
$
391

_____________
(1)
See "Reconciliation of EBITDA to Net Income and to Net Cash Provided by Operating Activities" below.

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