Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates in two principal operating segments: Olefins and Vinyls. These segments are strategic business units that offer a variety of different products. The Company manages each segment separately as each business requires different technology and marketing strategies.

	Three Months Ended March 31,
	2017		2016
Net external sales
Olefins
Polyethylene	$	385,942	$	346,032
Styrene, feedstock and other	157,053		84,988
Total Olefins	542,995		431,020
Vinyls
PVC, caustic soda and other	1,131,129		430,902
Building products	268,492		113,265
Total Vinyls	1,399,621		544,167
	$	1,942,616	$	975,187
Intersegment sales
Olefins	$	85,944	$	27,949
Vinyls	292		364
	$	86,236	$	28,313

	Three Months Ended March 31,
	2017			2016
Income (loss) from operations
Olefins	$	179,817		$	149,235
Vinyls	71,441			62,116
Corporate and other	(15,960		)	(9,075		)
	$	235,298		$	202,276
Depreciation and amortization
Olefins	$	41,040		$	28,697
Vinyls	107,273			36,287
Corporate and other	1,956			730
	$	150,269		$	65,714
Other income (expense), net
Olefins	$	1,370		$	1,513
Vinyls	3,878			(1,519		)
Corporate and other	(177		)	2,651
	$	5,071		$	2,645
Provision for (benefit from) income taxes
Olefins	$	57,811		$	52,533
Vinyls	14,958			17,270
Corporate and other	(16,886		)	(503		)
	$	55,883		$	69,300
Capital expenditures
Olefins	$	25,350		$	95,152
Vinyls	108,081			40,256
Corporate and other	854			920
	$	134,285		$	136,328

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:

	Three Months Ended March 31,
	2017			2016
Income from operations	$	235,298		$	202,276
Interest expense	(39,776		)	(6,685		)
Other income, net	5,071			2,645
Income before income taxes	$	200,593		$	198,236

	March 31, 2017		December 31, 2016
Total assets
Olefins	$	2,120,429	$	2,092,617
Vinyls	8,214,203		8,287,204
Corporate and other	390,198		510,432
	$	10,724,830	$	10,890,253