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Westlake WLK Olefins — Goodwill, Purchase Accounting Adjustments

Discontinued — last reported Q1 '22

Similar metrics at other companies

LYBOlefins And Polyolefins Americas — Goodwill Purchase Accounting Adjustments

$0—

LYBOlefins And Polyolefins Europe Asia International — Goodwill Purchase Accounting Adjustments

$0—

CLHOil Refiningand Recycling — Goodwill Purchase Accounting Adjustments

$0-100%

WTWOperating Segments — Goodwill Purchase Accounting Adjustments

$8M—

LYBIntermediates And Derivatives — Goodwill Purchase Accounting Adjustments

$0—

SUNAll Other — Goodwil adjustments related to acquisition

$0—

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:GoodwillPurchaseAccountingAdjustments.

The official record: Westlake’s 10-Q, filed May 4, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Westlake's olefins — goodwill, purchase accounting adjustments?: Westlake (WLK) reported olefins — goodwill, purchase accounting adjustments of -$1M in Q1 2022.
What does olefins — goodwill, purchase accounting adjustments mean?: Changes to the recorded goodwill value in the Olefins segment resulting from final acquisition accounting adjustments.
How do you interpret olefins — goodwill, purchase accounting adjustments?: Large adjustments may signal initial valuation inaccuracies or complex integration accounting.
How does olefins — goodwill, purchase accounting adjustments compare across companies?: Standard accounting practice for companies with recent M&A activity.