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LyondellBasell Industries N.V. LYB Goodwill written off on sale of business

Segments

By segment

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APS$2M
I&D$0
O&P - Americas$0
O&P - EAI$0
Technology$0

Other financials

Income statement

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Revenue$7.2B-6.3%
Gross profit$701.0M+27.7%
Operating income$239.0M+110%
Net income$125.0M-29.4%
EPS (diluted)$0.38-29.6%

Balance sheet

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Cash & equivalents$2.6B+41.1%
Total debt$12.8B+5.1%
Total equity$10.0B-17.8%
Total assets$34.0B-3.5%

Cash flow

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Operating cash flow-$269.0M+53.5%
CapEx$269.0M-44.3%
Free cash flow-$538.0M+49.3%

Valuation

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Market cap$16.99B-8.2%
Enterprise value$27.14B-8.2%
P/S0.6×0.0×

Profitability

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Gross margin9.2%-3.3pp
Operating margin-1%
Net margin-2.7%
FCF margin3.1%-1.6pp

Returns & leverage

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Return on equity-7.1%
Debt / equity1.3×+0.3×
Current ratio1.5×-0.3×

Questions, answered.

What does goodwill written off on sale of business mean?
This represents the specific amount of goodwill derecognized from the balance sheet upon the disposal of a business unit or subsidiary. It reflects the portion of the purchase price premium that is no longer supported by the assets being sold. This is a key indicator of the accounting impact of divestiture activities.