Westlake (WLK) Performance and Essential Materials Segment — Measurement period adjustment — Quarterly & Annual

Screener

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$1M—

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Other financials

Income statement

Revenue$3.3B+10.8%

Gross profit$652.0M+153%

Operating income$364.0M+434%

Net income$260.0M+283%

EPS (diluted)$2.01+281%

Balance sheet

Cash & equivalents$1.7B-21.0%

Total debt$5.9B+6.4%

Total equity$8.7B-15.3%

Total assets$19.4B-6.6%

Cash flow

Operating cash flow$318.0M+136%

CapEx$207.0M-22.5%

Free cash flow-$303.0M+6.8%

Valuation

Market cap$10.09B-3.0%

Enterprise value$14.3B+3.5%

P/S0.9×0.0×

Profitability

Gross margin9.6%-1.6pp

Operating margin-11%-11.9pp

Net margin-10.9%-11.6pp

FCF margin-4.6%-5.3pp

Returns & leverage

Return on equity-13%-13.7pp

Debt / equity0.7×+0.1×

Current ratio2.5×0.0×

Where this comes from

Reported directly by Westlake in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The source filing: Westlake’s 10-Q, filed May 4, 2023.

Filed: May 4, 2023
Fiscal quarter: Q1 FY2023
Calendar quarter: Q1 2023
Accession: 0001262823-23-000020

Line item	Performance and Essential Materials Segment	Housing and Infrastructure Products Segment	Total
Balances at December 31, 2022	$1,020	$1,141	$2,161
Measurement period adjustments	4	1	5
Effects of changes in foreign exchange rates	1	—	1
Balances at March 31, 2023	$1,025	$1,142	$2,167

Item 1. Financial Statements

FAQ

What is Westlake's performance and essential materials segment — measurement period adjustment?: Westlake (WLK) reported performance and essential materials segment — measurement period adjustment of $4M in Q1 2023.
What does performance and essential materials segment — measurement period adjustment mean?: Reflects adjustments made to the provisional fair values of assets and liabilities acquired in a business combination during the measurement period. These adjustments occur as the company obtains more information about facts and circumstances that existed at the acquisition date.

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