LYB FY 2014 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

FY 2014 Earnings

Reported February 17, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$45.6B	—	$44.1B	—	3.5%
Op. Income	$5.7B	—	$5.1B	—	12.4%
Gross Margin	14.6%	—	13.9%	—	0.7pp
Net Margin	9.2%	—	8.8%	—	0.4pp
EPS (Diluted)	$7.99	—	$6.75	—	18.4%
Free Cash Flow	$4.5B	—	$3.3B	—	38.9%

Revenue Flow

Item	Amount
REVENUE	$45.6B
Cost of Revenue	$38.9B
GROSS PROFIT	$6.7B
R&D Expenses	$127M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$806M
Other Expenses	$0
Operating Expenses	$933M
Cost & Expenses	$39.9B
OPERATING INCOME	$5.7B
Interest Income	$33M
Interest Expense	$352M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$4.2B
Net Income from Discontinued Ops	-$4M
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$1.0B
EBIT	$6.1B
EBITDA	$7.1B
EPS	$9
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$45.6B
Cost of Revenue	$38.9B
GROSS PROFIT	$6.7B
R&D Expenses	$127M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$806M
Other Expenses	$0
Operating Expenses	$933M
Cost & Expenses	$39.9B
OPERATING INCOME	$5.7B
Interest Income	$33M
Interest Expense	$352M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$4.2B
Net Income from Discontinued Ops	-$4M
Other Adjustments	$0
NET INCOME	$4.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.2B
D&A	$1.0B
EBIT	$6.1B
EBITDA	$7.1B
EPS	$9
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$4.2B
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$37M
Deferred Income Tax	$177M
Other Non-Cash Items	$642M
Change in Working Capital	$5M
OPERATING CASH FLOW	$6.0B
Capital Expenditure	-$1.5B
Acquisitions (Net)	$0
Purchases of Investments	-$3.9B
Sales/Maturities of Investments	$1.8B
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$3.5B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$5.8B
Common Dividends Paid	-$1.4B
Other Financing Activities	$30M
NET CASH FROM FINANCING	-$5.9B
FREE CASH FLOW	$4.5B
Net Change in Cash	-$3.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$1.6B
Net Receivables	$4.0B
Inventory	$4.5B
Other Current Assets	$182M
TOTAL CURRENT ASSETS	$11.6B
PP&E (Net)	$8.8B
Goodwill	$566M
Intangible Assets	$769M
Long-Term Investments	$2.1B
Tax Assets	$271M
Other Non-Current Assets	$148M
TOTAL NON-CURRENT ASSETS	$12.6B
TOTAL ASSETS	$24.2B
Account Payables	$2.2B
Short-Term Debt	$350M
Deferred Revenue	$73M
Other Current Liabilities	$539M
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$6.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$10.4B
TOTAL LIABILITIES	$15.9B
Common Stock	$31M
Additional Paid-In Capital	$10.4B
Retained Earnings	$6.8B
Treasury Stock	-$7.9B
Accum. Other Comp. Income	-$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.3B
Minority Interest	$30M
TOTAL EQUITY	$8.3B
TOTAL LIABILITIES & EQUITY	$24.2B
Total Debt	$7.0B
Net Debt	$6.0B