10-Q Filing

WESTLAKE CORP CIK: 1262823 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001262823-15-000019`
Period End Date	20150630
Filing Date	20150805
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	wlk-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 68 Cash Flow Statement 91 Comprehensive Income 48

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$876.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$461.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$880.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.03B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$560.67M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$600.72M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$525.78M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$486.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.02M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$29.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	134.68M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	134.68M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$32.44M	USD	Point-in-time
Common stock, held in treasury	`TreasuryStockShares`	2.65M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.01B	USD	Point-in-time
Common stock, held in treasury	`TreasuryStockShares`	1.79M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.17B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.86B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.76B	USD	Point-in-time
Equity investments	`EquityMethodInvestments`	$61.30M	USD	Point-in-time
Equity investments	`EquityMethodInvestments`	$37.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$218.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$213.97M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$137.55M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$165.41M	USD	Point-in-time
Total other assets, net	`OtherAssetsNoncurrent`	$383.84M	USD	Point-in-time
Total other assets, net	`OtherAssetsNoncurrent`	$351.52M	USD	Point-in-time
Total assets	`Assets`	$5.41B	USD	Point-in-time
Total assets	`Assets`	$5.21B	USD	Point-in-time
Accounts and notes payable	`AccountsPayableAndNotesPayableCurrent`	$261.06M	USD	Point-in-time
Accounts and notes payable	`AccountsPayableAndNotesPayableCurrent`	$282.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$251.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$276.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$534.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$537.18M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$764.06M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$764.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$536.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$532.34M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$174.86M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$162.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.99B	USD	Point-in-time
Commitments and contingencies (Notes 8 and 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8 and 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,679,064 shares issued at June 30, 2015 and December 31, 2014	`CommonStockValue`	$1.35M	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,679,064 shares issued at June 30, 2015 and December 31, 2014	`CommonStockValue`	$1.35M	USD	Point-in-time
Common stock, held in treasury, at cost; 2,646,260 and 1,787,546 shares at June 30, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$96.37M	USD	Point-in-time
Common stock, held in treasury, at cost; 2,646,260 and 1,787,546 shares at June 30, 2015 and December 31, 2014, respectively	`TreasuryStockValue`	$158.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$530.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$537.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.56B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-119.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-132.00K	USD	Point-in-time
Total Westlake Chemical Corporation stockholders' equity	`StockholdersEquity`	$2.91B	USD	Point-in-time
Total Westlake Chemical Corporation stockholders' equity	`StockholdersEquity`	$3.12B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$290.38M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$293.79M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.42B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.20B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.41B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$5.21B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$998.58M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.19B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.29B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$2.03B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$1.65B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$831.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.43B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$692.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$592.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$305.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$353.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$637.73M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$78.14M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$113.07M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.81M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$266.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$524.65M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$514.84M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$295.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$18.55M	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.96M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$22.06M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$7.11M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$31.15M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$4.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$308.47M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$503.26M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$537.26M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$261.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$175.78M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$98.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$176.79M	USD	2 Qtrs
Net income	`ProfitLoss`	$169.44M	USD	1 Quarter
Net income	`ProfitLoss`	$360.47M	USD	2 Qtrs
Net income	`ProfitLoss`	$210.06M	USD	1 Quarter
Net income	`ProfitLoss`	$327.48M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.97M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$9.03M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$351.44M	USD	2 Qtrs
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$169.44M	USD	1 Quarter
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$327.48M	USD	2 Qtrs
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$205.09M	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$1.55	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$2.65	USD	2 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$2.45	USD	2 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$1.27	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$1.26	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$2.64	USD	2 Qtrs
Diluted (usd per share)	`EarningsPerShareDiluted`	$1.54	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$2.44	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	133.15M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	132.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	132.63M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	133.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.04M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.77M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.12M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.69M	shares	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.33	USD	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.25	USD	2 Qtrs
Dividends per common share	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

Cash Flow Statement 91 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$169.44M	USD	1 Quarter
Net income	`ProfitLoss`	$360.47M	USD	2 Qtrs
Net income	`ProfitLoss`	$210.06M	USD	1 Quarter
Net income	`ProfitLoss`	$327.48M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$94.47M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$118.98M	USD	2 Qtrs
Recovery of doubtful accounts	`ProvisionForDoubtfulAccounts`	$311.00K	USD	2 Qtrs
Recovery of doubtful accounts	`ProvisionForDoubtfulAccounts`	$228.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.00M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$730.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.51M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$4.91M	USD	2 Qtrs
Loss from disposition of fixed assets	`GainLossOnDispositionOfAssets`	$-890.00K	USD	2 Qtrs
Loss from disposition of fixed assets	`GainLossOnDispositionOfAssets`	$-1.87M	USD	2 Qtrs
Gain from sales of equity securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$3.79M	USD	2 Qtrs
Gain from sales of equity securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	-	USD	2 Qtrs
Gain from sales of equity securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$3.79M	USD	1 Quarter
Gain from sales of equity securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	-	USD	1 Quarter
Gain on acquisition, net of loss on the fair value remeasurement of preexisting equity interest	`BusinessCombinationBargainPurchaseGainNet`	$21.05M	USD	2 Qtrs
Gain on acquisition, net of loss on the fair value remeasurement of preexisting equity interest	`BusinessCombinationBargainPurchaseGainNet`	-	USD	2 Qtrs
Impairment of equity method investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	1 Quarter
Impairment of equity method investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$4.92M	USD	2 Qtrs
Impairment of equity method investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	2 Qtrs
Impairment of equity method investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$4.92M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$19.36M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.09M	USD	2 Qtrs
Windfall tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.44M	USD	2 Qtrs
Windfall tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.90M	USD	2 Qtrs
Income from equity method investments, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$1.76M	USD	2 Qtrs
Income from equity method investments, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$1.24M	USD	2 Qtrs
Other gains (losses), net	`OtherOperatingActivitiesCashFlowStatement`	$-526.00K	USD	2 Qtrs
Other gains (losses), net	`OtherOperatingActivitiesCashFlowStatement`	$423.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$27.37M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$22.38M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-34.36M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-50.12M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$10.84M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$5.48M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-21.99M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.33M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$13.63M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.53M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.10M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.44M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$432.24M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$435.36M	USD	2 Qtrs
Acquisition of business, net of cash acquired	`AcquisitionOfBusinessNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of business, net of cash acquired	`AcquisitionOfBusinessNetOfCashAcquired`	$-15.78M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.11M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$216.91M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$106.17M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$203.93M	USD	2 Qtrs
Proceeds from disposition of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from disposition of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.00K	USD	2 Qtrs
Proceeds from sales and maturities of securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$15.04M	USD	2 Qtrs
Proceeds from sales and maturities of securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$342.05M	USD	2 Qtrs
Purchase of securities	`PaymentsToAcquireInvestments`	$117.33M	USD	2 Qtrs
Purchase of securities	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Settlements of derivative instruments	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$290.00K	USD	2 Qtrs
Settlements of derivative instruments	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$1.17M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-174.29M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.52M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$43.90M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$33.62M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$7.22M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$831.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.19M	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$2.39M	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$4.30M	USD	2 Qtrs
Repurchase of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$62.80M	USD	2 Qtrs
Windfall tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.90M	USD	2 Qtrs
Windfall tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.44M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-113.10M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$414.77M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$145.97M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$876.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$461.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$880.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$876.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$461.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$880.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.03B	USD	Point-in-time

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$169.44M	USD	1 Quarter
Net income	`ProfitLoss`	$360.47M	USD	2 Qtrs
Net income	`ProfitLoss`	$210.06M	USD	1 Quarter
Net income	`ProfitLoss`	$327.48M	USD	2 Qtrs
Pension and other post-retirement reserves adjustment (excluding amortization)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	$186.00K	USD	1 Quarter
Pension and other post-retirement reserves adjustment (excluding amortization)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	$31.00K	USD	1 Quarter
Pension and other post-retirement reserves adjustment (excluding amortization)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	$31.00K	USD	2 Qtrs
Pension and other post-retirement reserves adjustment (excluding amortization)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	$186.00K	USD	2 Qtrs
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-226.00K	USD	1 Quarter
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-445.00K	USD	2 Qtrs
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-1.33M	USD	2 Qtrs
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-675.00K	USD	1 Quarter
Income tax provision on pension and other post-retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-389.00K	USD	2 Qtrs
Income tax provision on pension and other post-retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-75.00K	USD	1 Quarter
Income tax provision on pension and other post-retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-164.00K	USD	1 Quarter
Income tax provision on pension and other post-retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-159.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$808.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$17.87M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-90.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-41.83M	USD	2 Qtrs
Unrealized holding gains on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax`	$4.83M	USD	2 Qtrs
Unrealized holding gains on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax`	$4.70M	USD	2 Qtrs
Unrealized holding gains on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax`	$3.08M	USD	1 Quarter
Unrealized holding gains on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax`	$2.36M	USD	1 Quarter
Reclassification of net realized gain to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$3.79M	USD	1 Quarter
Reclassification of net realized gain to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$1.21M	USD	2 Qtrs
Reclassification of net realized gain to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$1.24M	USD	1 Quarter
Reclassification of net realized gain to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$3.79M	USD	2 Qtrs
Income tax benefit (provision) on available- for-sale investments	`OtherComprehensiveIncomeLossIncomeTaxProvisionBenefitOnAvailableForSaleInvestment`	$325.00K	USD	2 Qtrs
Income tax benefit (provision) on available- for-sale investments	`OtherComprehensiveIncomeLossIncomeTaxProvisionBenefitOnAvailableForSaleInvestment`	$405.00K	USD	1 Quarter
Income tax benefit (provision) on available- for-sale investments	`OtherComprehensiveIncomeLossIncomeTaxProvisionBenefitOnAvailableForSaleInvestment`	$1.30M	USD	2 Qtrs
Income tax benefit (provision) on available- for-sale investments	`OtherComprehensiveIncomeLossIncomeTaxProvisionBenefitOnAvailableForSaleInvestment`	$-259.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.48M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.65M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$17.74M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-40.49M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$319.98M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$171.09M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$329.96M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$227.80M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$9.03M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.97M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$310.95M	USD	2 Qtrs
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$329.96M	USD	2 Qtrs
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$171.09M	USD	1 Quarter
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$222.83M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.