LYB FY 2020 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

FY 2020 Earnings

Reported February 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$27.8B	—	$34.7B	—	-20.1%
Op. Income	$1.6B	—	$4.1B	—	-62.1%
Gross Margin	12.2%	—	15.6%	—	-3.4pp
Net Margin	5.1%	—	9.8%	—	-4.6pp
EPS (Diluted)	$4.24	—	$9.59	—	-55.8%
Free Cash Flow	$1.5B	—	$2.3B	—	-35.7%

Revenue Flow

Item	Amount
REVENUE	$27.8B
Cost of Revenue	$24.4B
GROSS PROFIT	$3.4B
R&D Expenses	$113M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$582M
Operating Expenses	$1.8B
Cost & Expenses	$26.2B
OPERATING INCOME	$1.6B
Interest Income	$12M
Interest Expense	$526M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	-$43M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	-$2M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$3M
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.4B
EBIT	$1.9B
EBITDA	$3.3B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$27.8B
Cost of Revenue	$24.4B
GROSS PROFIT	$3.4B
R&D Expenses	$113M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$582M
Operating Expenses	$1.8B
Cost & Expenses	$26.2B
OPERATING INCOME	$1.6B
Interest Income	$12M
Interest Expense	$526M
Other Income/Expenses	-$173M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	-$43M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	-$2M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$3M
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.4B
EBIT	$1.9B
EBITDA	$3.3B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$55M
Deferred Income Tax	$331M
Other Non-Cash Items	$525M
Change in Working Capital	-$319M
OPERATING CASH FLOW	$3.4B
Capital Expenditure	-$1.9B
Acquisitions (Net)	-$2.4B
Purchases of Investments	-$878M
Sales/Maturities of Investments	$427M
Other Investing Activities	-$83M
NET CASH FROM INVESTING	-$4.9B
Net Debt Issuance	$3.8B
Common Stock Repurchased	-$4M
Common Dividends Paid	-$1.4B
Other Financing Activities	-$72M
NET CASH FROM FINANCING	$2.3B
FREE CASH FLOW	$1.5B
Net Change in Cash	$877M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$702M
Net Receivables	$4.5B
Inventory	$4.3B
Other Current Assets	$184M
TOTAL CURRENT ASSETS	$11.6B
PP&E (Net)	$15.9B
Goodwill	$2.0B
Intangible Assets	$751M
Long-Term Investments	$4.7B
Tax Assets	$39M
Other Non-Current Assets	$419M
TOTAL NON-CURRENT ASSETS	$23.8B
TOTAL ASSETS	$35.4B
Account Payables	$2.4B
Short-Term Debt	$671M
Deferred Revenue	$157M
Other Current Liabilities	$334M
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$15.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.3B
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$21.8B
TOTAL LIABILITIES	$27.3B
Common Stock	$19M
Additional Paid-In Capital	$6.0B
Retained Earnings	$4.4B
Treasury Stock	-$531M
Accum. Other Comp. Income	-$1.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.0B
Minority Interest	$133M
TOTAL EQUITY	$8.1B
TOTAL LIABILITIES & EQUITY	$35.4B
Total Debt	$17.5B
Net Debt	$15.7B