XML 69 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 1,188,037 $ 1,253,227 $ 3,476,570 $ 3,279,479
Cost of sales 876,761 891,707 2,527,567 2,324,978
Gross profit 311,276 361,520 949,003 954,501
Selling, general and administrative expenses 57,248 54,759 170,321 132,897
Income from operations 254,028 306,761 778,682 821,604
Other income (expense)        
Interest expense (8,211) (9,486) (26,760) (28,182)
Other income, net 2,636 (2,670) 33,790 4,440
Income before income taxes 248,453 294,605 785,712 797,862
Provision for income taxes 60,033 124,449 236,824 300,231
Net income 188,420 170,156 548,888 497,631
Net income attributable to noncontrolling interests 4,816 2,399 13,847 2,399
Net income attributable to Westlake Chemical Corporation $ 183,604 $ 167,757 $ 535,041 $ 495,232
Earnings per common share attributable to Westlake Chemical Corporation        
Basic (usd per share) $ 1.39 $ 1.26 $ 4.04 $ 3.71
Diluted (usd per share) $ 1.39 $ 1.25 $ 4.02 $ 3.69
Weighted average shares outstanding:        
Basic 131,664,296 133,299,458 132,301,814 133,199,304
Diluted 132,121,235 133,846,059 132,786,534 133,743,145
Dividends per common share $ 0.1815 $ 0.1650 $ 0.5115 $ 0.4170