LYB FY 2019 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

FY 2019 Earnings

Reported February 20, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$34.7B	—	$39.0B	—	-11.0%
Op. Income	$4.1B	—	$5.2B	—	-21.3%
Gross Margin	15.6%	—	16.6%	—	-1.0pp
Net Margin	9.8%	—	12.0%	—	-2.3pp
EPS (Diluted)	$9.59	—	$12.06	—	-20.5%
Free Cash Flow	$2.3B	—	$3.4B	—	-32.7%

Revenue Flow

Item	Amount
REVENUE	$34.7B
Cost of Revenue	$29.3B
GROSS PROFIT	$5.4B
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$30.6B
OPERATING INCOME	$4.1B
Interest Income	$19M
Interest Expense	$347M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$648M
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$1.3B
EBIT	$4.4B
EBITDA	$5.7B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$34.7B
Cost of Revenue	$29.3B
GROSS PROFIT	$5.4B
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$30.6B
OPERATING INCOME	$4.1B
Interest Income	$19M
Interest Expense	$347M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$648M
Net Income from Continuing Ops	$3.4B
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$1.3B
EBIT	$4.4B
EBITDA	$5.7B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$48M
Deferred Income Tax	$209M
Other Non-Cash Items	$61M
Change in Working Capital	-$66M
OPERATING CASH FLOW	$5.0B
Capital Expenditure	-$2.7B
Acquisitions (Net)	$5M
Purchases of Investments	-$141M
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$175M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$2.5B
Common Stock Repurchased	-$3.8B
Common Dividends Paid	-$1.5B
Other Financing Activities	-$103M
NET CASH FROM FINANCING	-$2.8B
FREE CASH FLOW	$2.3B
Net Change in Cash	$487M

Balance Sheet

Item	Amount
Cash & Equivalents	$858M
Short-Term Investments	$196M
Net Receivables	$3.5B
Inventory	$4.6B
Other Current Assets	$294M
TOTAL CURRENT ASSETS	$9.5B
PP&E (Net)	$15.6B
Goodwill	$1.9B
Intangible Assets	$869M
Long-Term Investments	$2.1B
Tax Assets	$38M
Other Non-Current Assets	$423M
TOTAL NON-CURRENT ASSETS	$20.9B
TOTAL ASSETS	$30.4B
Account Payables	$2.5B
Short-Term Debt	$448M
Deferred Revenue	$103M
Other Current Liabilities	$444M
TOTAL CURRENT LIABILITIES	$5.2B
Long-Term Debt	$11.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.0B
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$17.1B
TOTAL LIABILITIES	$22.3B
Common Stock	$19M
Additional Paid-In Capital	$6.0B
Retained Earnings	$4.4B
Treasury Stock	-$580M
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.0B
Minority Interest	$135M
TOTAL EQUITY	$8.2B
TOTAL LIABILITIES & EQUITY	$30.4B
Total Debt	$13.6B
Net Debt	$12.7B