LYB FY 2018 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$39.0B	—	$34.5B	—	13.1%
Op. Income	$5.2B	—	$5.5B	—	-4.2%
Gross Margin	16.6%	—	18.6%	—	-2.0pp
Net Margin	12.0%	—	14.1%	—	-2.1pp
EPS (Diluted)	$12.06	—	$12.23	—	-1.4%
Free Cash Flow	$3.4B	—	$3.7B	—	-8.0%

Revenue Flow

Item	Amount
REVENUE	$39.0B
Cost of Revenue	$32.5B
GROSS PROFIT	$6.5B
R&D Expenses	$115M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$33.8B
OPERATING INCOME	$5.2B
Interest Income	$45M
Interest Expense	$360M
Other Income/Expenses	$80M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$613M
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	-$8M
Other Adjustments	$0
NET INCOME	$4.7B
Net Income Deductions	$5M
BOTTOM LINE NET INCOME	$4.7B
D&A	$1.2B
EBIT	$5.7B
EBITDA	$6.9B
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$39.0B
Cost of Revenue	$32.5B
GROSS PROFIT	$6.5B
R&D Expenses	$115M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$33.8B
OPERATING INCOME	$5.2B
Interest Income	$45M
Interest Expense	$360M
Other Income/Expenses	$80M
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$613M
Net Income from Continuing Ops	$4.7B
Net Income from Discontinued Ops	-$8M
Other Adjustments	$0
NET INCOME	$4.7B
Net Income Deductions	$5M
BOTTOM LINE NET INCOME	$4.7B
D&A	$1.2B
EBIT	$5.7B
EBITDA	$6.9B
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$4.7B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$39M
Deferred Income Tax	$260M
Other Non-Cash Items	-$4M
Change in Working Capital	-$755M
OPERATING CASH FLOW	$5.5B
Capital Expenditure	-$2.1B
Acquisitions (Net)	-$1.7B
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$151M
NET CASH FROM INVESTING	-$3.6B
Net Debt Issuance	$416M
Common Stock Repurchased	-$1.9B
Common Dividends Paid	-$1.6B
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$3.0B
FREE CASH FLOW	$3.4B
Net Change in Cash	-$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$332M
Short-Term Investments	$892M
Net Receivables	$4.4B
Inventory	$4.5B
Other Current Assets	$246M
TOTAL CURRENT ASSETS	$10.6B
PP&E (Net)	$12.5B
Goodwill	$1.8B
Intangible Assets	$965M
Long-Term Investments	$2.1B
Tax Assets	$31M
Other Non-Current Assets	$322M
TOTAL NON-CURRENT ASSETS	$17.7B
TOTAL ASSETS	$28.3B
Account Payables	$2.6B
Short-Term Debt	$890M
Deferred Revenue	$128M
Other Current Liabilities	$283M
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$8.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$12.4B
TOTAL LIABILITIES	$17.9B
Common Stock	$22M
Additional Paid-In Capital	$7.0B
Retained Earnings	$6.8B
Treasury Stock	-$2.2B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.3B
Minority Interest	$139M
TOTAL EQUITY	$10.4B
TOTAL LIABILITIES & EQUITY	$28.3B
Total Debt	$9.4B
Net Debt	$9.1B