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GuruFocus has detected 3 Warning Signs with Westlake Chemical Corp $WLK.
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Westlake Chemical Corp (NYSE:WLK)
Pre-Tax Income
$561 Mil (TTM As of Mar. 2017)

Pretax income is the income that a company earns before paying income taxes. Westlake Chemical Corp's pretax income for the three months ended in Mar. 2017 was $201 Mil. Its pretax income for the trailing twelve months (TTM) ended in Mar. 2017 was $561 Mil. Westlake Chemical Corp's pretax margin was 10.33%.

During the past 13 years, Westlake Chemical Corp's highest Pretax Margin was 25.06%. The lowest was -1.57%. And the median was 11.05%.


Definition

This is the income that a company earns before paying income taxes.

Westlake Chemical Corp's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=581.454+47.977+-79.473+8.421+0
=558

Westlake Chemical Corp's Pretax Income for the quarter that ended in Mar. 2017 is calculated as

Pretax Income=Operating Income+Non-Recurring Items+Interest Expense+Interest Income+Other
=235.298+5.071+-39.776+0+0
=201

Westlake Chemical Corp Pre-Tax Income for the trailing twelve months (TTM) ended in Mar. 2017 was 182.204 (Jun. 2016 ) + 63.462 (Sep. 2016 ) + 114.477 (Dec. 2016 ) + 200.593 (Mar. 2017 ) = $561 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Westlake Chemical Corp's Pretax Margin for the quarter that ended in Mar. 2017 is calculated as

Pretax Margin=Pretax Income/Revenue
=200.593/1942.616
=10.33%

During the past 13 years, Westlake Chemical Corp's highest Pretax Margin was 25.06%. The lowest was -1.57%. And the median was 11.05%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Westlake Chemical Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 159-58793434015859421,084963558

Westlake Chemical Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Pretax Income 28622930824817819818263114201
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