How do you interpret consolidation eliminations — comprehensive income net of tax?

Fluctuations indicate changes in intercompany transfer pricing or the volume of internal trade.

How does consolidation eliminations — comprehensive income net of tax compare across companies?

Standard adjustment for all multi-segment corporations; peers report this in their segment reconciliation tables.

Westlake WLK Consolidation Eliminations — Comprehensive Income Net Of Tax

Discontinued — last reported Q2 '18

Similar metrics at other companies

WYConsolidation Eliminations — Comprehensive Income Net Of Tax

$3M-40.0%

KTOSConsolidation Eliminations — Comprehensive Income Net Of Tax

-$6.9M-188%

WTWConsolidation Eliminations — Comprehensive Income Net Of Tax

$488M+210%

PNRConsolidation Eliminations — Comprehensive Income Net Of Tax

-$286.2M+86.5%

CDWConsolidation Eliminations — Comprehensive Income Net Of Tax

-$336.6M-68.6%

OCConsolidation Eliminations — Comprehensive Income Net Of Tax

-$179M+19.0%

Other financials

Income statement

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Revenue$2.7B-6.8%

Gross profit$112.0M-51.7%

Operating income-$172.0M-438%

Net income-$169.0M-323%

EPS (diluted)-$1.31-323%

Balance sheet

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Cash & equivalents$2.3B-1.1%

Total debt$6.4B+16.9%

Total equity$8.5B-17.9%

Total assets$19.7B-4.8%

Cash flow

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Operating cash flow-$94.0M-22.1%

CapEx$209.0M-15.7%

Free cash flow-$303.0M+6.8%

Valuation

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Market cap$10.29B+16.3%

Enterprise value$14.38B+19.0%

P/S0.9×+0.2×

Profitability

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Gross margin6.3%-8.0pp

Operating margin-15.7%-20.8pp

Net margin-14.9%-18.1pp

FCF margin-4.6%-5.3pp

Returns & leverage

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Return on equity-17.3%-21.0pp

Debt / equity0.7×+0.2×

Current ratio2.2×-0.5×

Where this comes from

Reported directly by Westlake in its filing.

Tagged under the XBRL concept us-gaap:ComprehensiveIncomeNetOfTax.

The official record: Westlake’s 10-Q, filed August 2, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — comprehensive income net of tax mean?: The removal of internal profit or loss items to prevent overstatement of consolidated comprehensive income.
How do you interpret consolidation eliminations — comprehensive income net of tax?: Fluctuations indicate changes in intercompany transfer pricing or the volume of internal trade.
How does consolidation eliminations — comprehensive income net of tax compare across companies?: Standard adjustment for all multi-segment corporations; peers report this in their segment reconciliation tables.