Celanese Corp
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
CE$46.49-2.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In $ millions, except share and per share data) | |||
| Net sales | 10,940 | 9,673 | 8,537 |
| Cost of sales | (8,337) | (7,293) | (5,855) |
| Gross profit | 2,603 | 2,380 | 2,682 |
| Selling, general and administrative expenses | (1,075) | (824) | (633) |
| Amortization of intangible assets | (164) | (62) | (25) |
| Research and development expenses | (146) | (112) | (86) |
| Other (charges) gains, net | (68) | (8) | 3 |
| Foreign exchange gain (loss), net | 32 | (1) | 2 |
| Gain (loss) on disposition of businesses and assets, net | 505 | 5 | 3 |
| Operating profit (loss) | 1,687 | 1,378 | 1,946 |
| Equity in net earnings (loss) of affiliates | 102 | 220 | 146 |
| Non-operating pension and other postretirement employee benefit (expense) income | (69) | 17 | 106 |
| Interest expense | (720) | (405) | (91) |
| Refinancing expense | (7) | — | (9) |
| Interest income | 39 | 69 | 8 |
| Dividend income - equity investments | 126 | 133 | 147 |
| Other income (expense), net | 25 | 9 | (5) |
| Earnings (loss) from continuing operations before tax | 1,183 | 1,421 | 2,248 |
| Income tax (provision) benefit | 790 | 489 | (330) |
| Earnings (loss) from continuing operations | 1,973 | 1,910 | 1,918 |
| Earnings (loss) from operation of discontinued operations | (12) | (9) | (27) |
| Income tax (provision) benefit from discontinued operations | 3 | 1 | 5 |
| Earnings (loss) from discontinued operations | (9) | (8) | (22) |
| Net earnings (loss) | 1,964 | 1,902 | 1,896 |
| Net (earnings) loss attributable to noncontrolling interests | (4) | (8) | (6) |
| Net earnings (loss) available to Celanese Corporation | 1,960 | 1,894 | 1,890 |
| Amounts attributable to Celanese Corporation | |||
| Earnings (loss) from continuing operations | 1,969 | 1,902 | 1,912 |
| Earnings (loss) from discontinued operations | (9) | (8) | (22) |
| Net earnings (loss) | 1,960 | 1,894 | 1,890 |
| Earnings (loss) per common share - basic | |||
| Continuing operations | 18.09 | 17.55 | 17.19 |
| Discontinued operations | (0.08) | (0.07) | (0.20) |
| Net earnings (loss) - basic | 18.01 | 17.48 | 16.99 |
| Earnings (loss) per common share - diluted | |||
| Continuing operations | 18.00 | 17.41 | 17.06 |
| Discontinued operations | (0.08) | (0.07) | (0.20) |
| Net earnings (loss) - diluted | 17.92 | 17.34 | 16.86 |
| Weighted average shares - basic | 108,848,962 | 108,380,082 | 111,224,017 |
| Weighted average shares - diluted | 109,379,664 | 109,235,376 | 112,084,412 |
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