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Westlake Chemical Corporation (WLK)

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Albert Chao , CEO/President/Director
Industry: Manufacturing
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Albert Chao, CEO/President/Director

2801 Post Oak Blvd.

Suite 600

Houston, TX 77056

US Map it

Phone: (713) 960-9111

Fax: (713) 963-1590

www.westlakegroup.com



Overview

The Company is a manufacturer and marketer of petrochemicals, polymers and fabricated products. Its two business segments are olefins and vinyls.

Employees

Number of Employees: 2,120
Revenue per Employee: $1,393,740

Top Executives

David R. Hansen, Divisional Senior VP
Stephen Wallace, Vice President/Secretary/General Counsel
M. Steven Bender, Treasurer/CFO/Senior VP

George J. Mangieri, Chief Accounting Officer
Wayne D. Morse, Divisional Senior VP
Donald M. Condon, Jr., Senior VP, Divisional

Warren W. Wilder, Senior VP, Divisional
Jeffrey L. Taylor, Divisional Vice President

Board of Directors

Stephen Wallace, Vice President/Secretary/General Counsel
M. Steven Bender, Treasurer/CFO/Senior VP
E. William (Bill) Barnett, Director

Robert T. Blakely, Director
James Chao, Chairman of the Board/Director
H. John Riley, Jr., Director

Financials

Quarterly
Annual

Income Statement 11/2008 08/2008 05/2008 02/2008
Sales 973.8 Mil. 982.61 Mil. 852.36 Mil. 781.25 Mil.
Gross Operating Profit 99.94 Mil. 123.84 Mil. 62.7 Mil. 67.61 Mil.
Operating Income before D & A (EBITDA) 76.94 Mil. 100.95 Mil. 39.86 Mil. 44.61 Mil.
Total Income Before Interest Expenses (EBIT) 50.06 Mil. 75.78 Mil. 16.27 Mil. 21.68 Mil.
Total Net Income 27.36 Mil. 47.27 Mil. 5.39 Mil. 18.83 Mil.
Basic EPS, Total 0.42 0.72 0.08 0.29
Diluted EPS, Total 0.42 0.72 0.08 0.29

BALANCE STATEMENT 11/2008 08/2008 05/2008 02/2008
Cash and Equivalents 22.45 Mil. 22.46 Mil. 7.85 Mil. 24.91 Mil.
Total Assets 1.11 Bil. 1.22 Bil. 1.03 Bil. 1.09 Bil.
Total Liabilities 391.79 Mil. 465 Mil. 350.71 Mil. 441.26 Mil.
Total Capitalization 1.87 Bil. 1.88 Bil. 1.84 Bil. 1.8 Bil.

Cash Flow 11/2008 08/2008 05/2008 02/2008
Net Cash From Continuing Operations 76.59 Mil. -8.05 Mil. -28.25 Mil. 62.17 Mil.
Net Cash From Investing Activities -126.25 Mil. -80.87 Mil. -42.45 Mil. -124.8 Mil.
Net Cash From Financing Activities 47.2 Mil. 86.46 Mil. 53.64 Mil. 34.91 Mil.
Net Change in Cash & Cash Equivalents -2.46 Mil. -2.45 Mil. -17.07 Mil. -27.73 Mil.

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Income Statement 2008 2007 2006 2005
Sales 2.82 Bil. 2 Bil. 1.91 Bil. 1.6 Bil.
Gross Operating Profit 373.98 Mil. 483.6 Mil. 526.33 Mil. 386.36 Mil.
Operating Income before D & A (EBITDA) 277.31 Mil. 400.36 Mil. 449.73 Mil. 326.12 Mil.
Total Income Before Interest Expenses (EBIT) 177.38 Mil. 299.07 Mil. 369.04 Mil. 230.01 Mil.
Total Net Income 114.73 Mil. 194.56 Mil. 226.82 Mil. 120.72 Mil.
Basic EPS, Total 1.76 2.99 3.49 2.19
Diluted EPS, Total 1.76 2.98 3.48 2.18

BALANCE STATEMENT 2008 2007 2006 2005
Cash and Equivalents 24.91 Mil. 52.65 Mil. 237.9 Mil. 43.4 Mil.
Total Assets 1.09 Bil. 849.79 Mil. 902.86 Mil. 671.94 Mil.
Total Liabilities 441.26 Mil. 321.91 Mil. 305.85 Mil. 250.22 Mil.
Total Capitalization 1.8 Bil. 1.43 Bil. 1.26 Bil. 1.07 Bil.

Cash Flow 2008 2007 2006 2005
Net Cash From Continuing Operations 62.17 Mil. 237.18 Mil. 318.45 Mil. 150.78 Mil.
Net Cash From Investing Activities -124.8 Mil. -404.34 Mil. -87.59 Mil. -79.96 Mil.
Net Cash From Financing Activities 34.91 Mil. -18.1 Mil. -36.36 Mil. -64.8 Mil.
Net Change in Cash & Cash Equivalents -27.73 Mil. -185.25 Mil. 194.5 Mil. 6.02 Mil.

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