WESTLAKE CORP

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

WLK$63.16-1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of December 31, and

	December 31,
	2023	2022
(in millions of dollars, exceptpar values and share amounts)
ASSETS
Current assets
Cash and cash equivalents	$3,304	$2,228
Accounts receivable, net	1,601	1,801
Inventories	1,622	1,866
Prepaid expenses and other current assets	82	78
Total current assets	6,609	5,973
Property, plant and equipment, net	8,519	8,477
Operating lease right-of-use assets	697	615
Goodwill	2,041	2,161
Customer relationships, net	910	993
Other intangible assets, net	493	572
Equity method investments	1,115	1,142
Other assets, net	651	617
Total assets	$21,035	$20,550
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$877	$889
Accrued and other liabilities	1,614	1,409
Current portion of long-term debt, net	299	—
Total current liabilities	2,790	2,298
Long-term debt, net	4,607	4,879
Deferred income taxes	1,560	1,735
Pension and other post-retirement benefits	363	355
Operating lease liabilities	611	504
Other liabilities	340	314
Total liabilities	10,271	10,085
Commitments and contingencies (Note 22)
Stockholders' equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding	—	—
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at December 31, 2023 and 2022, respectively	1	1
Common stock, held in treasury, at cost; 6,439,289 and 7,278,651 shares at December 31, 2023 and 2022, respectively	(435)	(467)
Additional paid-in capital	630	601
Retained earnings	10,143	9,885
Accumulated other comprehensive loss	(98)	(89)
Total Westlake Corporation stockholders' equity	10,241	9,931
Noncontrolling interests	523	534
Total equity	10,764	10,465
Total liabilities and equity	$21,035	$20,550

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.