SEC Filings

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

WESTLAKE CHEMICAL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
 
Three Months Ended March 31,
 
 
2018
 
2017
 
 
 
 
 
 
 
(in millions of dollars, except per share data and share amounts)
Net sales
 
$
2,150

 
$
1,943

Cost of sales
 
1,608

 
1,577

Gross profit
 
542

 
366

Selling, general and administrative expenses
 
108

 
99

Amortization of intangibles
 
26

 
25

Transaction and integration-related costs
 
7

 
8

Income from operations
 
401

 
234

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

 
7

Income before income taxes
 
386

 
201

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

Earnings per common share attributable to Westlake Chemical Corporation:
 
 
 
 
Basic
 
$
2.21

 
$
1.07

Diluted
 
$
2.20

 
$
1.06

Weighted average common shares outstanding:
 
 
 
 
Basic
 
129,483,968

 
128,979,357

Diluted
 
130,190,892

 
129,692,015

Dividends per common share
 
$
0.2100

 
$
0.1906

The accompanying notes are an integral part of these consolidated financial statements.

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