XML 70 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 1,185,002 $ 998,576 $ 2,288,533 $ 2,026,252
Cost of sales 831,821 692,605 1,650,806 1,433,271
Gross profit 353,181 305,971 637,727 592,981
Selling, general and administrative expenses 57,807 39,183 113,073 78,138
Income from operations 295,374 266,788 524,654 514,843
Other income (expense)        
Interest expense (8,958) (9,539) (18,549) (18,696)
Other income, net 22,058 4,601 31,154 7,110
Income before income taxes 308,474 261,850 537,259 503,257
Provision for income taxes 98,413 92,407 176,791 175,782
Net income 210,061 169,443 360,468 327,475
Net income attributable to noncontrolling interests 4,966 0 9,031 0
Net income attributable to Westlake Chemical Corporation $ 205,095 $ 169,443 $ 351,437 $ 327,475
Earnings per common share attributable to Westlake Chemical Corporation        
Basic (usd per share) $ 1.55 $ 1.27 $ 2.65 $ 2.45
Diluted (usd per share) $ 1.54 $ 1.26 $ 2.64 $ 2.44
Weighted average shares outstanding:        
Basic 132,538,123 133,223,705 132,625,857 133,148,398
Diluted 133,044,975 133,767,890 133,124,697 133,690,836
Dividends per common share $ 0.1650 $ 0.1260 $ 0.3300 $ 0.2520