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Westlake WLK Consolidation Eliminations — Proceeds From Notes Payable

Discontinued — last reported Q3 '17

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STRLPayments From Deconsolidation, Net Of Cash
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AOMRProceeds from (payments of) notes payable, net
-$26.53M-111%

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:ProceedsFromNotesPayable.

The official record: Westlake’s 10-Q, filed November 7, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — proceeds from notes payable mean?
This adjustment removes cash inflows from intercompany notes payable issued between consolidated entities. It ensures that the consolidated financial statements only reflect external debt financing. This is essential for accurately reporting the company's external financing activities and debt obligations.