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Westlake WLK Cumulative Gross Losses and Impairments

Discontinued — last reported Q3 '25

Cumulative Gross Losses and Impairments at other companies

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Celanese CorporationCE
$2.7B+80.0%
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NewMarketNEU
$0

Segments

By segment

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Performance and Essential Materials Segment$855M

Other financials

Income statement

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Revenue$3.3B+10.8%
Gross profit$652.0M+153%
Operating income$364.0M+434%
Net income$260.0M+283%
EPS (diluted)$2.01+281%

Balance sheet

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Cash & equivalents$1.7B-21.0%
Total debt$5.9B+6.4%
Total equity$8.7B-15.3%
Total assets$19.4B-6.6%

Cash flow

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Operating cash flow$318.0M+136%
CapEx$207.0M-22.5%
Free cash flow-$303.0M+6.8%

Valuation

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Market cap$10.09B-3.0%
Enterprise value$14.3B+3.5%
P/S0.9×0.0×

Profitability

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Gross margin9.6%-1.6pp
Operating margin-11%-11.9pp
Net margin-10.9%-11.6pp
FCF margin-4.6%-5.3pp

Returns & leverage

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Return on equity-13%-13.7pp
Debt / equity0.7×+0.1×
Current ratio2.5×0.0×

Where this comes from

Reported directly by Westlake in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Westlake’s 10-Q, filed October 31, 2025.

Filed
Oct 31, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001262823-25-000064
Line itemPerformance and Essential Materials SegmentHousing and Infrastructure Products SegmentTotal
Gross balances at December 31, 2024$1,021$1,138$2,159
Accumulated goodwill impairment losses at December 31, 2024(128)(128)
Net balances at December 31, 20248931,1382,031
Impairment of goodwill(727)(727)
Effects of changes in foreign exchange rates4610
Net balances at September 30, 20251701,1441,314
Accumulated goodwill impairment losses at September 30, 2025(855)(855)
Gross balances at September 30, 2025$1,025$1,144$2,169

Item 1. Financial Statements

FAQ

What is Westlake's cumulative gross losses and impairments?
Westlake (WLK) reported cumulative gross losses and impairments of $855M in Q3 2025.
What does cumulative gross losses and impairments mean?
This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

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