Westlake Corporation (WLK) quarterly cash flow statement — complete operating, investing & financing history
Westlake Corporation (WLK) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 395M | 318M | -94M | 225M | 182M | 135M | -77M | 434M | 474M | 237M | 169M | 573M | 696M | 555M | 512M | 835M | 947M | 913M | 700M | 757M |
| Operating CF Margin % | 13.25% | 9.72% | -3.54% | 8.88% | 6.41% | 4.57% | -2.71% | 15.27% | 15.21% | 7.39% | 5.68% | 20.28% | 22.34% | 17.07% | 15.26% | 25.31% | 23.94% | 20.37% | 17.26% | 21.59% |
| Operating CF Growth % | 117.03% | 135.56% | -22.08% | -48.16% | -61.6% | -43.04% | -145.56% | -24.26% | -31.9% | -57.3% | -66.99% | -31.38% | -26.5% | -39.21% | -26.86% | 10.3% | 25.43% | 47.97% | 164.15% | 75.64% |
| Net Income | 18M | 271M | -157M | -533M | -772M | -131M | -35M | 19M | 120M | 323M | 185M | -487M | 295M | 307M | 407M | 248M | 412M | 873M | 764M | 661M |
| Depreciation & Amortization | 290M | 286M | 284M | 297M | 303M | 295M | 283M | 281M | 281M | 279M | 273M | 282M | 277M | 271M | 267M | 271M | 264M | 264M | 257M | 240M |
| Stock-Based Compensation | 0 | 13M | 7M | 11M | 11M | 12M | 7M | 10M | 11M | 11M | 9M | 12M | 10M | 12M | 9M | 10M | 9M | 9M | 8M | 8M |
| Deferred Taxes | 119M | -20M | 34M | -217M | 59M | -18M | -1M | 23M | 0 | -36M | -22M | -108M | -16M | -35M | -16M | -65M | -37M | 39M | 42M | -27M |
| Other Non-Cash Items | -185M | -379M | 2M | 306M | 737M | 31M | 5M | -4M | 16M | 2M | 2M | 505M | 11M | -1M | 2M | -9M | 25M | 28M | 7M | 9M |
| Working Capital Changes | 153M | 147M | -264M | 361M | -156M | -54M | -336M | 105M | 46M | -342M | -278M | 369M | 119M | 1M | -157M | 380M | 274M | -300M | -378M | -134M |
| Change in Receivables | 273M | -280M | -183M | 260M | 63M | -143M | -165M | 238M | 73M | -127M | -97M | 355M | -96M | -19M | -15M | 425M | 316M | -222M | -194M | -114M |
| Change in Inventory | -58M | -56M | -8M | 64M | 2M | 59M | -74M | 27M | -50M | -27M | -47M | 56M | -11M | 171M | 34M | 198M | -39M | -163M | -136M | -129M |
| Change in Payables | -37M | 90M | 33M | -48M | -111M | -43M | 135M | -73M | 0 | -10M | 63M | 2M | 15M | -23M | -20M | -155M | -110M | 116M | -4M | 58M |
| Cash from Investing | -188M | -320M | -271M | -255M | -242M | -292M | -434M | -265M | -241M | -223M | -272M | -287M | -251M | -236M | -263M | -331M | -345M | -296M | -1.51B | -2.37B |
| Capital Expenditures | -175M | -207M | -209M | -241M | -239M | -267M | -248M | -285M | -220M | -231M | -272M | -282M | -245M | -240M | -267M | -297M | -318M | -230M | -263M | -244M |
| CapEx % of Revenue | 5.87% | 6.33% | 7.88% | 9.51% | 8.42% | 9.04% | 8.71% | 10.02% | 7.06% | 7.2% | 9.14% | 9.98% | 7.87% | 7.38% | 7.96% | 9% | 8.04% | 5.13% | 6.48% | 6.96% |
| Acquisitions | -25M | -109M | -62M | -10M | -1M | -16M | -6M | -2M | -23M | 0 | -1M | -7M | -16M | -1M | -1M | -35M | -29M | -69M | -1.25B | -2.13B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 5M | 0 | 2M | 70M | 4M | 0 | 3M | 22M | 2M | 8M | 1M | 2M | 10M | 5M | 5M | 1M | 2M | 3M | 6M | 4M |
| Cash from Financing | -85M | -622M | -82M | 815M | -88M | -82M | -115M | -133M | -371M | -72M | -74M | -70M | -44M | -56M | -75M | -107M | -103M | -330M | -47M | -50M |
| Debt Issued (Net) | 0 | -496M | 0 | 933M | 0 | 0 | 0 | 300M | -300M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -247M | -3M | 6M |
| Equity Issued (Net) | 0 | -30M | 0 | -33M | 0 | 0 | -30M | -60M | 5M | 1M | 7M | 5M | 0 | -1M | -22M | -33M | -37M | -31M | 0 | 0 |
| Dividends Paid | -68M | -69M | -68M | -68M | -68M | -68M | -68M | -67M | -67M | -65M | -65M | -65M | -64M | -45M | -47M | -46M | -46M | -38M | -39M | -38M |
| Share Repurchases | 0 | -30M | 0 | -33M | 0 | 0 | -30M | -60M | 0 | 0 | 0 | 0 | 0 | -1M | -22M | -33M | -37M | -31M | 0 | 0 |
| Other Financing | -17M | -27M | -14M | -17M | -20M | -14M | -17M | -306M | -9M | -8M | -16M | -10M | 20M | -10M | -6M | -28M | -20M | -14M | -5M | -18M |
| Net Change in Cash | 121M | -628M | -452M | 797M | -157M | -213M | -622M | 4M | -127M | -66M | -195M | 247M | 380M | 263M | 183M | 440M | 462M | 260M | -857M | -1.67B |
| Free Cash Flow | 220M | 111M | -303M | -16M | -57M | -132M | -325M | 149M | 254M | 6M | -103M | 291M | 451M | 315M | 245M | 538M | 629M | 683M | 437M | 513M |
| FCF Margin % | 7.38% | 3.39% | -11.43% | -0.63% | -2.01% | -4.47% | -11.42% | 5.24% | 8.15% | 0.19% | -3.46% | 10.3% | 14.48% | 9.69% | 7.3% | 16.31% | 15.9% | 15.24% | 10.77% | 14.63% |
| FCF Growth % | 485.96% | 184.09% | 6.77% | -110.74% | -122.44% | -2300% | -215.53% | -48.8% | -43.68% | -98.1% | -142.04% | -45.91% | -28.3% | -53.88% | -43.94% | 4.87% | 2.95% | 39.96% | 252.42% | 66.02% |
| FCF per Share | 1.72 | 0.86 | -2.37 | -0.12 | -0.44 | -1.03 | -2.53 | 1.15 | 1.96 | 0.05 | -0.80 | 2.27 | 3.51 | 2.45 | 1.91 | 4.19 | 4.89 | 5.28 | 3.39 | 3.99 |
| FCF Conversion (FCF/Net Income) | 65.83x | 1.22x | 0.56x | -0.41x | -0.23x | -0.95x | 1.93x | 62.00x | 4.39x | 0.76x | 0.97x | -1.15x | 2.44x | 1.87x | 1.30x | 3.60x | 2.36x | 1.06x | 0.93x | 1.18x |
| Interest Paid | 0 | 0 | 0 | -75M | 0 | 21M | 54M | 18M | 135M | 19M | 52M | 0 | 65M | 0 | 0 | 0 | 68M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | -79M | 0 | 49M | 30M | -105M | 105M | 195M | 46M | 0 | 83M | 0 | 0 | 0 | 174M | 0 | 0 | 0 |