Westlake Historical Income Statement

WLKP Stock

USD 23.37 0.30 1.30%

Historical analysis of Westlake Chemical income statement accounts such as Depreciation And Amortization of 67.5 M, Interest Expense of 15 M, Total Revenue of 1.2 B or Gross Profit of 380.5 M can show how well Westlake Chemical Partners performed in making a profits. Evaluating Westlake Chemical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Westlake Chemical's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Westlake Chemical latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Westlake Chemical is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Westlake Stock, please use our How to Invest in Westlake Chemical guide.

About Westlake Income Statement Analysis

Westlake Chemical Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Westlake Chemical shareholders. The income statement also shows Westlake investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Westlake Chemical Income Statement Chart

At this time, Westlake Chemical's Operating Income is relatively stable compared to the past year. As of 11/24/2024, EBIT is likely to grow to about 387 M, while Total Revenue is likely to drop slightly above 1.2 B.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Westlake Chemical generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Westlake Chemical Partners minus its cost of goods sold. It is profit before Westlake Chemical operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Westlake Chemical. It is also known as Westlake Chemical overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Westlake Chemical operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Westlake Chemical Partners is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Westlake Chemical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Westlake Chemical current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westlake Chemical Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

To learn how to invest in Westlake Stock, please use our How to Invest in Westlake Chemical guide.At this time, Westlake Chemical's Operating Income is relatively stable compared to the past year. As of 11/24/2024, EBIT is likely to grow to about 387 M, while Total Revenue is likely to drop slightly above 1.2 B.

	2021	2022	2023	2024 (projected)
Interest Expense	8.8M	13.4M	26.5M	15.0M
Depreciation And Amortization	108.8M	121.1M	110.2M	67.5M

Interest Expense Depreciation And Amortization

Westlake Chemical income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.33	0.13	0.14	0.1	0.14	-0.14	0.14	0.1	0.15	0.15	-0.33	0.32	0.1	0.04	0.17	0.11	-0.29	-0.67	-0.04	-0.07	0.32	0.13
Interest Expense	-0.33		-0.44	-0.38	-0.37	-0.39	-0.22	-0.32	-0.37	0.57	-0.42	-0.5	-0.4	-0.49	0.59	-0.02	-0.58	0.02	-0.11	0.09	0.78	-0.83	-0.16
Total Revenue	0.13	-0.44		0.56	0.96	0.57	0.45	0.49	0.96	-0.42	0.58	0.55	0.45	0.84	-0.31	-0.19	0.89	0.76	-0.03	-0.08	-0.7	0.37	0.29
Gross Profit	0.14	-0.38	0.56		0.29	1.0	0.95	0.99	0.29	-0.14	1.0	0.52	0.39	0.9	-0.28	0.24	0.7	0.5	0.07	-0.05	-0.58	0.34	0.1
Other Operating Expenses	0.1	-0.37	0.96	0.29		0.3	0.18	0.22	1.0	-0.43	0.31	0.46	0.38	0.65	-0.26	-0.3	0.78	0.7	-0.06	-0.07	-0.6	0.31	0.3
Operating Income	0.14	-0.39	0.57	1.0	0.3		0.95	0.99	0.3	-0.16	1.0	0.52	0.39	0.9	-0.29	0.23	0.7	0.5	0.08	-0.06	-0.59	0.34	0.1
Ebit	-0.14	-0.22	0.45	0.95	0.18	0.95		0.96	0.18	-0.11	0.94	0.56	0.29	0.82	-0.22	0.21	0.59	0.54	0.24	-0.02	-0.47	0.2	0.05
Ebitda	0.14	-0.32	0.49	0.99	0.22	0.99	0.96		0.22	-0.07	0.99	0.48	0.39	0.85	-0.21	0.26	0.63	0.46	0.05	-0.03	-0.49	0.31	0.07
Cost Of Revenue	0.1	-0.37	0.96	0.29	1.0	0.3	0.18	0.22		-0.43	0.31	0.46	0.38	0.65	-0.26	-0.31	0.78	0.7	-0.06	-0.07	-0.6	0.31	0.3
Total Operating Expenses	0.15	0.57	-0.42	-0.14	-0.43	-0.16	-0.11	-0.07	-0.43		-0.18	-0.63	-0.13	-0.41	0.83	0.29	-0.47	-0.19	-0.61	0.09	0.72	-0.46	0.06
Income Before Tax	0.15	-0.42	0.58	1.0	0.31	1.0	0.94	0.99	0.31	-0.18		0.53	0.39	0.91	-0.3	0.22	0.71	0.5	0.08	-0.06	-0.6	0.36	0.11
Total Other Income Expense Net	-0.33	-0.5	0.55	0.52	0.46	0.52	0.56	0.48	0.46	-0.63	0.53		0.09	0.62	-0.61	0.0	0.69	0.4	0.6	-0.05	-0.68	0.52	0.01
Net Income	0.32	-0.4	0.45	0.39	0.38	0.39	0.29	0.39	0.38	-0.13	0.39	0.09		0.44	0.13	-0.41	0.39	0.25	-0.14	-0.07	-0.16	0.51	-0.2
Income Tax Expense	0.1	-0.49	0.84	0.9	0.65	0.9	0.82	0.85	0.65	-0.41	0.91	0.62	0.44		-0.43	0.03	0.9	0.7	0.14	-0.09	-0.77	0.4	0.15
Selling General Administrative	0.04	0.59	-0.31	-0.28	-0.26	-0.29	-0.22	-0.21	-0.26	0.83	-0.3	-0.61	0.13	-0.43		-0.3	-0.48	-0.18	-0.62	0.15	0.76	-0.51	0.07
Selling And Marketing Expenses	0.17	-0.02	-0.19	0.24	-0.3	0.23	0.21	0.26	-0.31	0.29	0.22	0.0	-0.41	0.03	-0.3		0.03	-0.02	0.05	-0.09	-0.05	0.12	-0.07
Net Income From Continuing Ops	0.11	-0.58	0.89	0.7	0.78	0.7	0.59	0.63	0.78	-0.47	0.71	0.69	0.39	0.9	-0.48	0.03		0.65	0.15	-0.06	-0.82	0.58	0.05
Non Operating Income Net Other	-0.29	0.02	0.76	0.5	0.7	0.5	0.54	0.46	0.7	-0.19	0.5	0.4	0.25	0.7	-0.18	-0.02	0.65		0.24	-0.13	-0.43	-0.04	0.07
Minority Interest	-0.67	-0.11	-0.03	0.07	-0.06	0.08	0.24	0.05	-0.06	-0.61	0.08	0.6	-0.14	0.14	-0.62	0.05	0.15	0.24		-0.02	-0.31	0.16	-0.4
Tax Provision	-0.04	0.09	-0.08	-0.05	-0.07	-0.06	-0.02	-0.03	-0.07	0.09	-0.06	-0.05	-0.07	-0.09	0.15	-0.09	-0.06	-0.13	-0.02		0.05	0.0	0.37
Interest Income	-0.07	0.78	-0.7	-0.58	-0.6	-0.59	-0.47	-0.49	-0.6	0.72	-0.6	-0.68	-0.16	-0.77	0.76	-0.05	-0.82	-0.43	-0.31	0.05		-0.57	-0.25
Net Interest Income	0.32	-0.83	0.37	0.34	0.31	0.34	0.2	0.31	0.31	-0.46	0.36	0.52	0.51	0.4	-0.51	0.12	0.58	-0.04	0.16	0.0	-0.57		-0.16
Reconciled Depreciation	0.13	-0.16	0.29	0.1	0.3	0.1	0.05	0.07	0.3	0.06	0.11	0.01	-0.2	0.15	0.07	-0.07	0.05	0.07	-0.4	0.37	-0.25	-0.16

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Westlake Chemical Account Relationship Matchups

Westlake Chemical income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	103.2M	108.8M	121.1M	110.2M	67.5M
Interest Expense	19.6M	12.0M	8.8M	13.4M	26.5M	15.0M
Total Revenue	1.1B	966.7M	1.2B	1.6B	1.2B	1.2B
Gross Profit	379.4M	378.9M	441.7M	377.4M	387.5M	380.5M
Other Operating Expenses	741.7M	613.7M	804.2M	1.2B	833.1M	803.6M
Operating Income	350.2M	353.0M	410.7M	347.7M	357.7M	358.7M
Ebit	460.4M	353.7M	410.8M	349.3M	361.9M	387.0M
Ebitda	460.6M	456.9M	519.6M	470.3M	472.1M	436.1M
Cost Of Revenue	712.4M	587.8M	773.2M	1.2B	803.3M	781.8M
Total Operating Expenses	29.3M	25.9M	31.0M	29.7M	29.8M	30.0M
Income Before Tax	333.6M	341.7M	401.9M	335.8M	335.4M	349.8M
Total Other Income Expense Net	(16.5M)	(11.3M)	(8.8M)	(11.8M)	(22.3M)	(21.2M)
Net Income	332.9M	341.1M	401.4M	334.8M	54.3M	51.6M
Income Tax Expense	728K	564K	549K	1.0M	813K	772.4K
Selling General Administrative	26.9M	22.2M	28.6M	26.6M	27.1M	26.9M
Selling And Marketing Expenses	2.3M	3.7M	2.4M	3.1M	2.7M	2.4M
Net Income Applicable To Common Shares	61.0M	66.2M	82.5M	64.2M	57.8M	54.9M
Net Income From Continuing Ops	332.9M	341.1M	401.4M	334.8M	338.8M	292.0M
Non Operating Income Net Other	3.1M	733K	62K	1.6M	1.4M	1.2M
Minority Interest	271.9M	275.0M	(318.8M)	(270.7M)	(282.1M)	(268.0M)
Tax Provision	728K	564K	549K	1.0M	802K	592.8K
Net Interest Income	(19.6M)	(12.0M)	(8.8M)	(13.4M)	(24.6M)	(25.8M)
Reconciled Depreciation	107.3M	103.2M	108.8M	121.1M	111.3M	121.7M

Pair Trading with Westlake Chemical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westlake Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westlake Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with Westlake Stock

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Pair Corr

Moving against Westlake Stock

0.73	BAK	Braskem SA Class	Pair Corr
0.72	PFH	Prudential Financial 4125	Pair Corr
0.68	PKX	POSCO Holdings	Pair Corr
0.62	DOW	Dow Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.58	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr

The ability to find closely correlated positions to Westlake Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westlake Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westlake Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westlake Chemical Partners to buy it.

The correlation of Westlake Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westlake Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westlake Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Westlake Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Westlake Stock Analysis

When running Westlake Chemical's price analysis, check to measure Westlake Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westlake Chemical is operating at the current time. Most of Westlake Chemical's value examination focuses on studying past and present price action to predict the probability of Westlake Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westlake Chemical's price. Additionally, you may evaluate how the addition of Westlake Chemical to your portfolios can decrease your overall portfolio volatility.

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Westlake Historical Income Statement

About Westlake Income Statement Analysis

Westlake Chemical Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Westlake Chemical income statement Correlations

Westlake Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Westlake Chemical income statement Accounts

Pair Trading with Westlake Chemical

Moving together with Westlake Stock

Moving against Westlake Stock

Additional Tools for Westlake Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Operating Income	+ 1.0	Gross Profit
Income Before Tax	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Operating Income
Ebitda	+ 0.99	Gross Profit
Ebitda	+ 0.99	Operating Income

Net Interest Income	- 0.83	Interest Expense
Interest Income	- 0.82	Net Income From Continuing Ops
Interest Income	- 0.77	Income Tax Expense
Interest Income	- 0.7	Total Revenue
Interest Income	- 0.68	Total Other Income Expense Net
Minority Interest	- 0.67	Depreciation And Amortization