Westlake Historical Cash Flow
| WLKP Stock | USD 23.72 0.17 0.72% |
Analysis of Westlake Chemical cash flow over time is an excellent tool to project Westlake Chemical future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change To Inventory of 268.9 K or Free Cash Flow of 361.6 M as it is a great indicator of Westlake Chemical ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About Westlake Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Westlake balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Westlake's non-liquid assets can be easily converted into cash.
Westlake Chemical Cash Flow Chart
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Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Capital Expenditures
Capital Expenditures are funds used by Westlake Chemical to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Westlake Chemical operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Westlake Chemical financial statement analysis. It represents the amount of money remaining after all of Westlake Chemical Partners operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Westlake Chemical's cash flow statement are interrelated and interconnected. However, analyzing cash flow 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 cash flow 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 Change Receivables is relatively stable compared to the past year. As of 11/28/2024, Begin Period Cash Flow is likely to grow to about 76.7 M, while Free Cash Flow is likely to drop slightly above 361.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Non Cash Items | 3.9M | 7.8M | 285.2M | 299.5M | Depreciation | 108.8M | 121.1M | 110.2M | 103.7M |
Westlake Chemical cash flow statement Correlations
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Westlake Chemical Account Relationship Matchups
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Westlake Chemical cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 1.1M | (990K) | (5.4M) | 4.2M | 283K | 268.9K | |
| Change In Cash | 179K | (2.8M) | (97K) | 47.7M | (6.2M) | (6.5M) | |
| Free Cash Flow | 407.1M | 336.4M | 327.3M | 409.6M | 405.2M | 361.6M | |
| Change In Working Capital | 10.5M | (71.6M) | (105.7M) | 7.8M | 2.3M | 2.4M | |
| Other Cashflows From Financing Activities | (315.6M) | (311.8M) | (277.9M) | (305.6M) | (315.8M) | (300.0M) | |
| Depreciation | 107.3M | 103.2M | 108.8M | 121.1M | 110.2M | 103.7M | |
| Other Non Cash Items | 56K | 731K | 3.9M | 7.8M | 285.2M | 299.5M | |
| Dividends Paid | 62.1M | 66.4M | 66.4M | 66.4M | 66.4M | 128.1M | |
| Capital Expenditures | 43.7M | 37.0M | 81.2M | 54.1M | 46.8M | 44.5M | |
| Total Cash From Operating Activities | 450.8M | 373.4M | 408.4M | 463.7M | 452.0M | 359.0M | |
| Change To Account Receivables | 9.3M | (72.9M) | (26.3M) | (14.4M) | 28.7M | 30.1M | |
| Net Income | 332.9M | 341.1M | 401.4M | 334.8M | 54.3M | 51.6M | |
| Total Cash From Financing Activities | (392.9M) | (378.2M) | (344.2M) | (404.0M) | (382.2M) | (401.3M) | |
| Other Cashflows From Investing Activities | (14M) | 39M | 16.9M | 42.1M | 48.4M | 50.9M | |
| End Period Cash Flow | 19.9M | 17.2M | 17.1M | 64.8M | 58.6M | 74.0M | |
| Sale Purchase Of Stock | 123.5M | (311.8M) | (277.9M) | (337.6M) | (303.8M) | (288.6M) | |
| Investments | (57.7M) | 2.0M | (64.3M) | (12.0M) | 9.4M | 9.8M | |
| Change Receivables | (6.9M) | (72.9M) | (26.3M) | 59.8M | 68.7M | 72.2M | |
| Stock Based Compensation | 387K | 375K | 436K | 282K | 349K | 304.2K | |
| Begin Period Cash Flow | 19.7M | 19.9M | 17.2M | 17.1M | 64.8M | 76.7M | |
| Total Cashflows From Investing Activities | (57.7M) | 2.0M | (64.3M) | (12.0M) | (13.8M) | (14.5M) | |
| Cash And Cash Equivalents Changes | 179K | (2.8M) | (97K) | 47.7M | 43.0M | 45.1M | |
| Cash Flows Other Operating | 100K | (3.9M) | (131.6M) | (6.6M) | (6.0M) | (6.3M) | |
| Change To Operating Activities | (303K) | (1.9M) | (93.8M) | (44.2M) | (39.8M) | (37.8M) | |
| Change To Netincome | (515K) | 1M | 217.1M | 5.1M | 5.8M | 5.5M | |
| Change To Liabilities | 421K | 5.9M | 57.4M | (54.5M) | (49.1M) | (46.6M) |
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 against Westlake Stock
| 0.73 | BAK | Braskem SA Class | PairCorr |
| 0.66 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.46 | EGO | Eldorado Gold Corp | PairCorr |
| 0.43 | BTG | B2Gold Corp Aggressive Push | PairCorr |
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.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.