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Westlake WLK Consolidation Eliminations — Marketable Securities Current

Discontinued — last reported Q2 '16

Similar metrics at other companies

CLFEliminations — Total Assets

$0—

KLACTotal Marketable Securities

$3.17B+46.1%

BEN

BENNet consolidation (deconsolidation) of investment products

$2M+139%

SLBEliminations Other — Total Assets

$1.09B—

CRestricted Marketable Securities

$6.29B+9.7%

MKLEliminations — Unearned premiums

-$108.12M-24.9%

Other financials

Income statement

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

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

Operating cash flow-$94.0M-22.1%

CapEx$209.0M-15.7%

Free cash flow-$303.0M+6.8%

Valuation

Market cap$10.29B+16.3%

Enterprise value$14.38B+19.0%

P/S0.9×+0.2×

Profitability

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

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:MarketableSecuritiesCurrent.

The official record: Westlake’s 10-Q, filed August 9, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — marketable securities current mean?: This adjustment removes marketable securities held by one subsidiary that are issued by another subsidiary within the same consolidated group. It ensures that the consolidated balance sheet does not reflect internal investments as external assets. This provides a true picture of the company's external investment portfolio.