Westlake Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-957	602	479	2,247	2,015	330
Depreciation & Amortization	1,009	961	960	976	784	725
Other Amortization	153	153	137	80	56	48
Loss (Gain) From Sale of Assets	42	16	42	51	44	54
Asset Writedown & Restructuring Costs	727	-	475	-	-	-
Stock-Based Compensation	40	41	43	36	31	29
Other Operating Activities	101	10	-132	29	78	189
Change in Accounts Receivable	-7	87	225	325	-528	-161
Change in Inventory	14	-97	250	-140	-309	29
Change in Accounts Payable	-92	-20	-26	-153	242	67
Change in Other Net Operating Assets	-356	-439	-117	-56	-19	-13
Operating Cash Flow	674	1,314	2,336	3,395	2,394	1,297
Operating Cash Flow Growth	-53.61%	-43.75%	-31.19%	41.81%	84.58%	-0.31%
Capital Expenditures	-1,039	-1,008	-1,034	-1,108	-658	-525
Cash Acquisitions	-	-	-	-1,203	-2,554	-
Investment in Securities	-223	-26	-25	-180	-24	26
Other Investing Activities	29	33	22	12	23	-10
Investing Cash Flow	-1,233	-1,001	-1,037	-2,479	-3,213	-509
Long-Term Debt Issued	-	-	-	-	1,671	1,299
Total Debt Issued	-	-	-	-	1,671	1,299
Long-Term Debt Repaid	-	-300	-	-250	-	-1,254
Total Debt Repaid	-	-300	-	-250	-	-1,254
Net Debt Issued (Repaid)	-	-300	-	-250	1,671	45
Issuance of Common Stock	13	13	44	18	13	-
Repurchase of Common Stock	-90	-60	-23	-101	-30	-54
Common Dividends Paid	-271	-264	-221	-169	-145	-137
Other Financing Activities	-70	-39	-45	-85	-72	-70
Financing Cash Flow	-418	-650	-245	-587	1,437	-216
Foreign Exchange Rate Adjustments	-11	-47	19	-24	-14	15
Net Cash Flow	-988	-384	1,073	305	604	587
Free Cash Flow	-365	306	1,302	2,287	1,736	772
Free Cash Flow Growth	-	-76.50%	-43.07%	31.74%	124.87%	50.20%
Free Cash Flow Margin	-3.18%	2.52%	10.38%	14.48%	14.74%	10.29%
Free Cash Flow Per Share	-2.84	2.37	10.13	17.75	13.49	6.03
Cash Interest Paid	159	153	159	172	130	140
Cash Income Tax Paid	181	422	421	570	466	-135
Levered Free Cash Flow	18.25	379.38	1,398	1,640	1,362	457.63
Unlevered Free Cash Flow	117.63	478.75	1,501	1,750	1,472	546.38
Change in Working Capital	-441	-469	332	-24	-614	-78

Source: S&P Global Market Intelligence. Standard template. Financial Sources.