LYB FY 2023 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

FY 2023 Earnings

Reported February 22, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$41.1B	—	$50.5B	—	-18.5%
Op. Income	$3.1B	—	$5.1B	—	-40.1%
Gross Margin	12.8%	—	13.1%	—	-0.3pp
Net Margin	5.1%	—	7.7%	—	-2.6pp
EPS (Diluted)	$6.46	—	$11.80	—	-45.3%
Free Cash Flow	$3.4B	—	$4.2B	—	-19.3%

Revenue Flow

Item	Amount
REVENUE	$41.1B
Cost of Revenue	$35.8B
GROSS PROFIT	$5.3B
R&D Expenses	$130M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$518M
Operating Expenses	$2.2B
Cost & Expenses	$38.1B
OPERATING INCOME	$3.1B
Interest Income	$129M
Interest Expense	$477M
Other Income/Expenses	-$426M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$501M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	-$5M
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$1.5B
EBIT	$3.1B
EBITDA	$4.6B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$41.1B
Cost of Revenue	$35.8B
GROSS PROFIT	$5.3B
R&D Expenses	$130M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$518M
Operating Expenses	$2.2B
Cost & Expenses	$38.1B
OPERATING INCOME	$3.1B
Interest Income	$129M
Interest Expense	$477M
Other Income/Expenses	-$426M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$501M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	-$5M
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$1.5B
EBIT	$3.1B
EBITDA	$4.6B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$0
Deferred Income Tax	$43M
Other Non-Cash Items	$809M
Change in Working Capital	$437M
OPERATING CASH FLOW	$4.9B
Capital Expenditure	-$1.5B
Acquisitions (Net)	$0
Purchases of Investments	-$820M
Sales/Maturities of Investments	$903M
Other Investing Activities	-$329M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$125M
Common Stock Repurchased	-$211M
Common Dividends Paid	-$1.6B
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$3.4B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.4B
Short-Term Investments	$0
Net Receivables	$4.0B
Inventory	$4.8B
Other Current Assets	$882M
TOTAL CURRENT ASSETS	$13.2B
PP&E (Net)	$17.1B
Goodwill	$1.6B
Intangible Assets	$641M
Long-Term Investments	$3.9B
Tax Assets	$196M
Other Non-Current Assets	$381M
TOTAL NON-CURRENT ASSETS	$23.8B
TOTAL ASSETS	$37.0B
Account Payables	$3.8B
Short-Term Debt	$899M
Deferred Revenue	$175M
Other Current Liabilities	$595M
TOTAL CURRENT LIABILITIES	$7.2B
Long-Term Debt	$10.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.9B
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$16.8B
TOTAL LIABILITIES	$23.9B
Common Stock	$19M
Additional Paid-In Capital	$6.1B
Retained Earnings	$9.7B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.9B
Minority Interest	$128M
TOTAL EQUITY	$13.1B
TOTAL LIABILITIES & EQUITY	$37.0B
Total Debt	$13.0B
Net Debt	$9.6B