LYB Q3 2017 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

Q3 2017 Earnings

Reported October 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$8.5B	$8.4B	$7.4B	1.3%	15.6%
Op. Income	$1.3B	$1.6B	$1.2B	-15.5%	6.6%
Gross Margin	18.5%	21.4%	19.9%	-2.9pp	-1.3pp
Net Margin	12.4%	13.5%	12.9%	-1.0pp	-0.5pp
EPS (Diluted)	$2.67	$2.81	$2.30	-5.0%	16.1%
Free Cash Flow	$1.2B	$1.2B	$746M	-4.1%	56.6%

Revenue Flow

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$6.9B
GROSS PROFIT	$1.6B
R&D Expenses	$27M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$218M
Other Expenses	$0
Operating Expenses	$245M
Cost & Expenses	$7.2B
OPERATING INCOME	$1.3B
Interest Income	$5M
Interest Expense	$94M
Other Income/Expenses	$106M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$380M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	-$2M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$294M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.5B
Cost of Revenue	$6.9B
GROSS PROFIT	$1.6B
R&D Expenses	$27M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$218M
Other Expenses	$0
Operating Expenses	$245M
Cost & Expenses	$7.2B
OPERATING INCOME	$1.3B
Interest Income	$5M
Interest Expense	$94M
Other Income/Expenses	$106M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$380M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	-$2M
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$294M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$294M
Stock-Based Compensation	$18M
Deferred Income Tax	$84M
Other Non-Cash Items	-$201M
Change in Working Capital	$235M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$318M
Acquisitions (Net)	$155M
Purchases of Investments	-$658M
Sales/Maturities of Investments	$621M
Other Investing Activities	$118M
NET CASH FROM INVESTING	-$200M
Net Debt Issuance	-$178M
Common Stock Repurchased	-$296M
Common Dividends Paid	-$356M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$832M
FREE CASH FLOW	$1.2B
Net Change in Cash	$471M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$1.3B
Net Receivables	$3.3B
Inventory	$4.2B
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$11.1B
PP&E (Net)	$10.7B
Goodwill	$570M
Intangible Assets	$480M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$303M
TOTAL NON-CURRENT ASSETS	$14.2B
TOTAL ASSETS	$25.2B
Account Payables	$2.1B
Short-Term Debt	$384M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$8.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$13.3B
TOTAL LIABILITIES	$17.9B
Common Stock	$31M
Additional Paid-In Capital	$10.2B
Retained Earnings	$14.2B
Treasury Stock	-$15.8B
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.3B
Minority Interest	$1M
TOTAL EQUITY	$7.3B
TOTAL LIABILITIES & EQUITY	$25.2B
Total Debt	$8.9B
Net Debt	$7.7B