LYB FY 2013 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

FY 2013 Earnings

Reported February 20, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$44.1B	—	$45.4B	—	-2.8%
Op. Income	$5.1B	—	$4.7B	—	9.1%
Gross Margin	13.9%	—	12.7%	—	1.2pp
Net Margin	8.8%	—	6.3%	—	2.5pp
EPS (Diluted)	$6.75	—	$4.92	—	37.2%
Free Cash Flow	$3.3B	—	$3.7B	—	-12.2%

Revenue Flow

Item	Amount
REVENUE	$44.1B
Cost of Revenue	$37.9B
GROSS PROFIT	$6.1B
R&D Expenses	$150M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$870M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$39.0B
OPERATING INCOME	$5.1B
Interest Income	$15M
Interest Expense	$309M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$5.0B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$1.0B
EBIT	$5.3B
EBITDA	$6.3B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$44.1B
Cost of Revenue	$37.9B
GROSS PROFIT	$6.1B
R&D Expenses	$150M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$870M
Other Expenses	$0
Operating Expenses	$1.0B
Cost & Expenses	$39.0B
OPERATING INCOME	$5.1B
Interest Income	$15M
Interest Expense	$309M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$5.0B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$1.0B
EBIT	$5.3B
EBITDA	$6.3B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$3.9B
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$42M
Deferred Income Tax	-$46M
Other Non-Cash Items	$112M
Change in Working Capital	-$105M
OPERATING CASH FLOW	$4.8B
Capital Expenditure	-$1.6B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$41M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$1.9B
Common Dividends Paid	-$1.1B
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$3.3B
Net Change in Cash	$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.5B
Short-Term Investments	$0
Net Receivables	$4.5B
Inventory	$5.3B
Other Current Assets	$140M
TOTAL CURRENT ASSETS	$14.6B
PP&E (Net)	$8.5B
Goodwill	$605M
Intangible Assets	$904M
Long-Term Investments	$2.1B
Tax Assets	$357M
Other Non-Current Assets	$262M
TOTAL NON-CURRENT ASSETS	$12.7B
TOTAL ASSETS	$27.3B
Account Payables	$2.8B
Short-Term Debt	$59M
Deferred Revenue	$107M
Other Current Liabilities	$660M
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$5.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.7B
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$9.3B
TOTAL LIABILITIES	$14.8B
Common Stock	$31M
Additional Paid-In Capital	$10.4B
Retained Earnings	$4.0B
Treasury Stock	-$2.0B
Accum. Other Comp. Income	$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.5B
Minority Interest	$36M
TOTAL EQUITY	$12.5B
TOTAL LIABILITIES & EQUITY	$27.3B
Total Debt	$5.8B
Net Debt	$1.4B