LYB Q3 2018 Earnings Report — LyondellBasell Industries N.V. Revenue & Financial Results | Market Cap Arena

LyondellBasell Industries N.V.LYB

Q3 2018 Earnings

Reported October 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$10.2B	$10.2B	$8.5B	-0.5%	19.2%
Op. Income	$1.3B	$1.6B	$1.3B	-19.0%	-1.1%
Gross Margin	16.3%	18.8%	18.5%	-2.5pp	-2.2pp
Net Margin	11.0%	16.2%	12.4%	-5.2pp	-1.5pp
EPS (Diluted)	$2.85	$4.22	$2.67	-32.5%	6.7%
Free Cash Flow	$959M	$1.2B	$1.2B	-22.1%	-17.9%

Revenue Flow

Item	Amount
REVENUE	$10.2B
Cost of Revenue	$8.5B
GROSS PROFIT	$1.7B
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$309M
Other Expenses	$0
Operating Expenses	$339M
Cost & Expenses	$8.8B
OPERATING INCOME	$1.3B
Interest Income	$14M
Interest Expense	$90M
Other Income/Expenses	$30M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$232M
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	$309M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.2B
Cost of Revenue	$8.5B
GROSS PROFIT	$1.7B
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$309M
Other Expenses	$0
Operating Expenses	$339M
Cost & Expenses	$8.8B
OPERATING INCOME	$1.3B
Interest Income	$14M
Interest Expense	$90M
Other Income/Expenses	$30M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$232M
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	$309M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$309M
Stock-Based Compensation	$9M
Deferred Income Tax	$29M
Other Non-Cash Items	-$46M
Change in Working Capital	$27M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$482M
Acquisitions (Net)	-$1.8B
Purchases of Investments	-$422M
Sales/Maturities of Investments	$406M
Other Investing Activities	-$38M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	-$254M
Common Stock Repurchased	-$331M
Common Dividends Paid	-$389M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$977M
FREE CASH FLOW	$959M
Net Change in Cash	-$1.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$521M
Short-Term Investments	$944M
Net Receivables	$4.1B
Inventory	$4.6B
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$11.4B
PP&E (Net)	$12.0B
Goodwill	$1.8B
Intangible Assets	$982M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$342M
TOTAL NON-CURRENT ASSETS	$17.3B
TOTAL ASSETS	$28.7B
Account Payables	$2.9B
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6.2B
Long-Term Debt	$7.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.8B
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$11.3B
TOTAL LIABILITIES	$17.5B
Common Stock	$22M
Additional Paid-In Capital	$7.0B
Retained Earnings	$6.5B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.0B
Minority Interest	$148M
TOTAL EQUITY	$11.2B
TOTAL LIABILITIES & EQUITY	$28.7B
Total Debt	$8.7B
Net Debt	$8.1B