10-Q Filing

WESTLAKE CORP CIK: 1262823 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001262823-17-000024`
Period End Date	20170630
Filing Date	20170803
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	wlk-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 72 Cash Flow Statement 98 Comprehensive Income 60

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value, in dollars per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value, in dollars per share	`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`	$771.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$395.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$459.45M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$662.52M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$938.74M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$1.10B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$831.70M	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$801.10M	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$45.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$48.49M	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
Common stock, shares issued	`CommonStockSharesIssued`	134.65M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	134.65M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$160.53M	USD	Point-in-time
Common stock, shares held in treasury	`TreasuryStockShares`	5.73M	shares	Point-in-time
Common stock, shares held in treasury	`TreasuryStockShares`	5.60M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.41B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.38B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$6.32B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$6.42B	USD	Point-in-time
Goodwill	`Goodwill`	$999.61M	USD	Point-in-time
Goodwill	`Goodwill`	$946.55M	USD	Point-in-time
Customer relationships, net	`FiniteLivedIntangibleAssetsNet`	$654.09M	USD	Point-in-time
Customer relationships, net	`FiniteLivedIntangibleAssetsNet`	$611.62M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$169.99M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$175.84M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$367.64M	USD	Point-in-time
Deferred charges and other assets, net	`DeferredCostsAndOtherAssets`	$327.87M	USD	Point-in-time
Total other assets, net	`OtherAssetsNoncurrent`	$2.19B	USD	Point-in-time
Total other assets, net	`OtherAssetsNoncurrent`	$2.06B	USD	Point-in-time
Total assets	`Assets`	$10.89B	USD	Point-in-time
Total assets	`Assets`	$10.89B	USD	Point-in-time
Accounts payable	`AccountsPayableAndNotesPayableCurrent`	$583.51M	USD	Point-in-time
Accounts payable	`AccountsPayableAndNotesPayableCurrent`	$496.26M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$447.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrentAndNoncurrent`	$537.48M	USD	Point-in-time
Term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Term loan	`ShortTermBorrowings`	$149.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.18B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.03B	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$3.49B	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$3.68B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.65B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.65B	USD	Point-in-time
Pension and other post-retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$366.92M	USD	Point-in-time
Pension and other post-retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$364.82M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$140.40M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$121.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.00B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.68B	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; 134,651,380 and 134,651,380 shares issued at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.35M	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$1.35M	USD	Point-in-time
Common stock, held in treasury, at cost; 5,598,476 and 5,726,377 shares at June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$319.34M	USD	Point-in-time
Common stock, held in treasury, at cost; 5,598,476 and 5,726,377 shares at June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$316.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$550.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$555.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.65B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.41B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-53.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-121.31M	USD	Point-in-time
Total Westlake Chemical Corporation stockholders' equity	`StockholdersEquity`	$3.52B	USD	Point-in-time
Total Westlake Chemical Corporation stockholders' equity	`StockholdersEquity`	$3.84B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$368.21M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$368.42M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.56B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.89B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.74B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.89B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.89B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.09B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.06B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.98B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$3.92B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$1.56B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$844.70M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.57B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$3.15B	USD	2 Qtrs
Gross profit	`GrossProfit`	$772.98M	USD	2 Qtrs
Gross profit	`GrossProfit`	$496.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$241.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$405.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.72M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$254.28M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$130.63M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$107.03M	USD	2 Qtrs
Transaction and integration-related costs	`BusinessCombinationIntegrationRelatedCosts`	$8.09M	USD	1 Quarter
Transaction and integration-related costs	`BusinessCombinationIntegrationRelatedCosts`	$7.71M	USD	2 Qtrs
Transaction and integration-related costs	`BusinessCombinationIntegrationRelatedCosts`	$16.29M	USD	2 Qtrs
Transaction and integration-related costs	`BusinessCombinationIntegrationRelatedCosts`	$7.71M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$179.94M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$382.21M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$267.12M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$502.41M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$5.92M	USD	1 Quarter
Interest Expense	`InterestExpense`	$38.97M	USD	1 Quarter
Interest Expense	`InterestExpense`	$78.75M	USD	2 Qtrs
Interest Expense	`InterestExpense`	$12.60M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$10.83M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-538.00K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$4.53M	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$8.18M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$428.20M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$380.44M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$227.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$182.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$68.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$66.58M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$135.88M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$124.07M	USD	2 Qtrs
Net income	`ProfitLoss`	$159.42M	USD	1 Quarter
Net income	`ProfitLoss`	$304.13M	USD	2 Qtrs
Net income	`ProfitLoss`	$244.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$115.62M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.11M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$6.59M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.50M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$10.30M	USD	2 Qtrs
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$152.83M	USD	1 Quarter
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$111.12M	USD	1 Quarter
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$234.25M	USD	2 Qtrs
Net income attributable to Westlake Chemical Corporation	`NetIncomeLoss`	$291.02M	USD	2 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$2.24	USD	2 Qtrs
Basic (usd per share)	`EarningsPerShareBasic`	$0.85	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$1.18	USD	1 Quarter
Basic (usd per share)	`EarningsPerShareBasic`	$1.80	USD	2 Qtrs
Diluted (usd per share)	`EarningsPerShareDiluted`	$1.17	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$1.79	USD	2 Qtrs
Diluted (usd per share)	`EarningsPerShareDiluted`	$0.85	USD	1 Quarter
Diluted (usd per share)	`EarningsPerShareDiluted`	$2.23	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	129.02M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	129.89M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	129.58M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	129.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.79M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	130.29M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.98M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.74M	shares	2 Qtrs
Dividends per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Dividends per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.38	USD	2 Qtrs
Dividends per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.19	USD	1 Quarter
Dividends per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.36	USD	2 Qtrs

Cash Flow Statement 98 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$159.42M	USD	1 Quarter
Net income	`ProfitLoss`	$304.13M	USD	2 Qtrs
Net income	`ProfitLoss`	$244.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$115.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$294.90M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$132.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$144.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.25M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$403.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$930.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$417.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$1.08M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$10.77M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.08M	USD	2 Qtrs
Loss from disposition of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-3.33M	USD	2 Qtrs
Loss from disposition of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-7.21M	USD	2 Qtrs
Gains realized from sales of securities	`GrossRealizedGainLossonPreviouslyHeldSecuritiesandAvailableForSaleSecuritiesNet`	-	USD	2 Qtrs
Gains realized from sales of securities	`GrossRealizedGainLossonPreviouslyHeldSecuritiesandAvailableForSaleSecuritiesNet`	$1.32M	USD	2 Qtrs
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	2 Qtrs
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$659.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$14.96M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$102.99M	USD	2 Qtrs
Windfall tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$319.00K	USD	2 Qtrs
Windfall tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	2 Qtrs
Dividends in excess of income from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-152.00K	USD	2 Qtrs
Dividends in excess of income from equity method investments	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-279.00K	USD	2 Qtrs
Gain on involuntary conversion of assets	`GainLossonInvoluntaryConversionofAssets`	$1.67M	USD	2 Qtrs
Gain on involuntary conversion of assets	`GainLossonInvoluntaryConversionofAssets`	-	USD	2 Qtrs
Other losses (gains), net	`OtherOperatingActivitiesCashFlowStatement`	$1.21M	USD	2 Qtrs
Other losses (gains), net	`OtherOperatingActivitiesCashFlowStatement`	$-1.96M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$73.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$142.03M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$12.72M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-21.21M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$-5.21M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets`	$12.59M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$82.03M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$54.39M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-87.28M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.62M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$30.58M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$74.18M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$479.71M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$369.89M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.83M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$146.62M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$280.90M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$287.16M	USD	2 Qtrs
Additions to cost method investment	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$31.00M	USD	2 Qtrs
Additions to cost method investment	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	2 Qtrs
Proceeds from disposition of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$133.00K	USD	2 Qtrs
Proceeds from disposition of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$105.00K	USD	2 Qtrs
Proceeds from involuntary conversion of assets	`InsuranceProceedsforInvoluntaryConversion`	-	USD	2 Qtrs
Proceeds from involuntary conversion of assets	`InsuranceProceedsforInvoluntaryConversion`	$1.67M	USD	2 Qtrs
Proceeds from sales and maturities of securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Proceeds from sales and maturities of securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$302.43M	USD	2 Qtrs
Purchase of securities	`PaymentsToAcquireInvestments`	$138.42M	USD	2 Qtrs
Purchase of securities	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Settlements of derivative instruments	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$3.37M	USD	2 Qtrs
Settlements of derivative instruments	`PaymentsForProceedsFromDerivativeInstrumentInvestingActivities`	$376.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-310.47M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-126.42M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.70M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$376.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$47.32M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$49.31M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$8.08M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsToMinorityShareholders`	$16.03M	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$3.84M	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$3.54M	USD	2 Qtrs
Proceeds from drawdown of revolver	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from drawdown of revolver	`ProceedsFromLinesOfCredit`	$175.00M	USD	2 Qtrs
Restricted cash associated with term loan	`IncreaseDecreaseInRestrictedCash`	-	USD	2 Qtrs
Restricted cash associated with term loan	`IncreaseDecreaseInRestrictedCash`	$-154.00M	USD	2 Qtrs
Repayment of term loan	`RepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Repayment of term loan	`RepaymentsOfShortTermDebt`	$150.00M	USD	2 Qtrs
Repayments of Notes Payable	`RepaymentsOfNotesPayable`	$4.90M	USD	2 Qtrs
Repayments of Notes Payable	`RepaymentsOfNotesPayable`	$8.63M	USD	2 Qtrs
Repayment of revolver	`RepaymentsOfLinesOfCredit`	$360.00M	USD	2 Qtrs
Repayment of revolver	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repurchase of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$67.40M	USD	2 Qtrs
Repurchase of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.48M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$800.00K	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-136.49M	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-246.60M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$13.69M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.49M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$108.47M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-63.68M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$771.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$395.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$459.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$662.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$771.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$395.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$459.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$662.52M	USD	Point-in-time

Comprehensive Income 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$159.42M	USD	1 Quarter
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income	`ProfitLoss`	$304.13M	USD	2 Qtrs
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	$808.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income	`ProfitLoss`	$244.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$115.62M	USD	1 Quarter
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	$1.62M	USD	2 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments and Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	$206.00K	USD	2 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments and Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	-	USD	2 Qtrs
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments and Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	-	USD	1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments and Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax`	$206.00K	USD	1 Quarter
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-1.07M	USD	2 Qtrs
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-703.00K	USD	2 Qtrs
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-369.00K	USD	1 Quarter
Amortization of benefits liability	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax`	$-499.00K	USD	1 Quarter
Income tax provision on pension and other post- retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-350.00K	USD	2 Qtrs
Income tax provision on pension and other post- retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-191.00K	USD	2 Qtrs
Income tax provision on pension and other post- retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-179.00K	USD	1 Quarter
Income tax provision on pension and other post- retirement benefits liability	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	$-63.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$49.33M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-13.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$68.45M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.30M	USD	2 Qtrs
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	2 Qtrs
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$1.53M	USD	2 Qtrs
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-255.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$35.55M	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$59.97M	USD	2 Qtrs
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	-	USD	2 Qtrs
Reclassification of net realized gains to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$1.27M	USD	1 Quarter
Reclassification of net realized gains to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$1.32M	USD	2 Qtrs
Reclassification of net realized gains to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	-	USD	1 Quarter
Reclassification of net realized gains to net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	-	USD	2 Qtrs
Income tax provision on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$21.07M	USD	2 Qtrs
Income tax provision on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Income tax provision on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	2 Qtrs
Income tax provision on available-for-sale investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$12.32M	USD	1 Quarter
Other	`EquityFairValueAdjustment`	$-89.00K	USD	1 Quarter
Other	`EquityFairValueAdjustment`	$-164.00K	USD	2 Qtrs
Other	`EquityFairValueAdjustment`	-	USD	2 Qtrs
Other	`EquityFairValueAdjustment`	-	USD	1 Quarter
Other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$49.81M	USD	1 Quarter
Other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$47.19M	USD	2 Qtrs
Other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$67.48M	USD	2 Qtrs
Other comprehensive income, net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$8.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$124.18M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$291.75M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$371.61M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$209.23M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $808 and $0 for the three months ended June 30, 2017 and 2016, respectively; and $1,621 and $0 for the six months ended June 30, 2017 and 2016, respectively.	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.50M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $808 and $0 for the three months ended June 30, 2017 and 2016, respectively; and $1,621 and $0 for the six months ended June 30, 2017 and 2016, respectively.	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.14M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $808 and $0 for the three months ended June 30, 2017 and 2016, respectively; and $1,621 and $0 for the six months ended June 30, 2017 and 2016, respectively.	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.30M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax of $808 and $0 for the three months ended June 30, 2017 and 2016, respectively; and $1,621 and $0 for the six months ended June 30, 2017 and 2016, respectively.	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.82M	USD	2 Qtrs
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$119.69M	USD	1 Quarter
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$281.44M	USD	2 Qtrs
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$203.09M	USD	1 Quarter
Comprehensive income attributable to Westlake Chemical Corporation	`ComprehensiveIncomeNetOfTax`	$355.79M	USD	2 Qtrs

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