Celanese Corp
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In $ millions, except share and per share data) | |||
| Net sales | 10,280 | 10,940 | 9,673 |
| Cost of sales | (7,924) | (8,337) | (7,293) |
| Gross profit | 2,356 | 2,603 | 2,380 |
| Selling, general and administrative expenses | (1,030) | (1,075) | (824) |
| Amortization of intangible assets | (159) | (164) | (62) |
| Research and development expenses | (130) | (146) | (112) |
| Other (charges) gains, net | (1,744) | (68) | (8) |
| Foreign exchange gain (loss), net | 24 | 32 | (1) |
| Gain (loss) on disposition of businesses and assets, net | (14) | 505 | 5 |
| Operating profit (loss) | (697) | 1,687 | 1,378 |
| Equity in net earnings (loss) of affiliates | 196 | 102 | 220 |
| Non-operating pension and other postretirement employee benefit (expense) income | (20) | (69) | 17 |
| Interest expense | (676) | (720) | (405) |
| Refinancing expense | — | (7) | — |
| Interest income | 33 | 39 | 69 |
| Dividend income - equity investments | 128 | 126 | 133 |
| Other income (expense), net | 40 | 25 | 9 |
| Earnings (loss) from continuing operations before tax | (996) | 1,183 | 1,421 |
| Income tax (provision) benefit | (510) | 790 | 489 |
| Earnings (loss) from continuing operations | (1,506) | 1,973 | 1,910 |
| Earnings (loss) from operation of discontinued operations | (10) | (12) | (9) |
| Income tax (provision) benefit from discontinued operations | 2 | 3 | 1 |
| Earnings (loss) from discontinued operations | (8) | (9) | (8) |
| Net earnings (loss) | (1,514) | 1,964 | 1,902 |
| Net (earnings) loss attributable to noncontrolling interests | (8) | (4) | (8) |
| Net earnings (loss) available to Celanese Corporation | (1,522) | 1,960 | 1,894 |
| Amounts attributable to Celanese Corporation | |||
| Earnings (loss) from continuing operations | (1,514) | 1,969 | 1,902 |
| Earnings (loss) from discontinued operations | (8) | (9) | (8) |
| Net earnings (loss) | (1,522) | 1,960 | 1,894 |
| Earnings (loss) per common share - basic | |||
| Continuing operations | (13.86) | 18.09 | 17.55 |
| Discontinued operations | (0.07) | (0.08) | (0.07) |
| Net earnings (loss) - basic | (13.93) | 18.01 | 17.48 |
| Earnings (loss) per common share - diluted | |||
| Continuing operations | (13.86) | 18.00 | 17.41 |
| Discontinued operations | (0.07) | (0.08) | (0.07) |
| Net earnings (loss) - diluted | (13.93) | 17.92 | 17.34 |
| Weighted average shares - basic | 109,273,779 | 108,848,962 | 108,380,082 |
| Weighted average shares - diluted | 109,273,779 | 109,379,664 | 109,235,376 |
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