How do you interpret refining — amortization of power contracts emission credits?

An increase indicates rising operational costs due to higher energy prices or stricter environmental compliance requirements, which typically pressures margins.

How does refining — amortization of power contracts emission credits compare across companies?

Comparable to energy-related operating expenses or environmental compliance costs reported by heavy industrial and refining peers.

LyondellBasell Industries N.V. LYB Refining — Amortization Of Power Contracts Emission Credits

Discontinued — last reported Q1 '16

Similar metrics at other companies

VLORefining — Operating expenses (excluding depreciation and amortization expense reflected below)

$1.35B+4.3%

AARefinery — Deferred Carbon Dioxide Emission Credits

$6M—

AARefinery — Deferred Energy Credit

$1.5M—

PSXRefining — Capital Expenditures and Investments

$210M+19.3%

MPCRefining & Marketing — Operating costs

$1.6B+8.6%

PSXRefining — Cost And Expenses

$22.35B+33.8%

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$19.95B+14.0%

Enterprise value$30.1B+9.2%

P/S0.7×+0.1×

Profitability

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Gross margin9.2%-3.3pp

Operating margin-1%—

Net margin-2.7%—

Returns & leverage

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Return on equity-7.1%—

Debt / equity1.3×+0.3×

Current ratio1.5×-0.3×

Where this comes from

Reported directly by LyondellBasell Industries N.V. in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfPowerContractsEmissionCredits.

The official record: LyondellBasell Industries N.V.’s 10-Q, filed April 22, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does refining — amortization of power contracts emission credits mean?: The periodic expense recognized for energy supply contracts and the usage of environmental emission credits.
How do you interpret refining — amortization of power contracts emission credits?: An increase indicates rising operational costs due to higher energy prices or stricter environmental compliance requirements, which typically pressures margins.
How does refining — amortization of power contracts emission credits compare across companies?: Comparable to energy-related operating expenses or environmental compliance costs reported by heavy industrial and refining peers.