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Westlake WLK Performance and Essential Materials — CapEx

Discontinued — last reported Q3 '23

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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:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Westlake’s 10-Q, filed November 2, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Westlake's performance and essential materials — capex?
Westlake (WLK) reported performance and essential materials — capex of $201M in Q3 2023.
How has Westlake's performance and essential materials — capex changed year-over-year?
Westlake's performance and essential materials — capex decreased by 24.2% year-over-year, from $265M to $201M.
What does performance and essential materials — capex mean?
This metric tracks the cash outflows used by the Performance and Essential Materials segment to acquire, upgrade, or maintain physical assets such as chemical plants, processing equipment, and infrastructure. It serves as a key indicator of the company's commitment to expanding production capacity, improving operational efficiency, or ensuring regulatory compliance within its core chemical and polymer operations. High levels of expenditure typically signal growth initiatives or major maintenance cycles, while lower levels may indicate a focus on cash flow generation over expansion.