Stock Analysis on Net
Stock Analysis on Net

LyondellBasell Industries N.V. (NYSE:LYB)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 2, 2019.

Common-Size Income Statement
Quarterly Data

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LyondellBasell Industries N.V., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Trade
Related parties
Sales and other operating revenues
Cost of sales
Gross profit
Selling, general and administrative expenses
Research and development expenses
Operating income
Interest expense
Interest income
Other income (expense), net
Income from continuing operations before equity investments and income taxes
Income from equity investments
Income from continuing operations before income taxes
(Provision for) benefit from income taxes
Income from continuing operations
Income (loss) from discontinued operations, net of tax
Net income
Net (income) loss attributable to non-controlling interests
Net income attributable to the Company shareholders

Based on: 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

Revenue Composition
The proportion of trade sales remained consistently high throughout the periods, fluctuating narrowly around 97.5% to 98.4%, indicating a stable reliance on trade customers. Transactions with related parties represented a small but slightly increasing share, ranging from about 1.6% to 2.7%, suggesting a marginal rise in related-party dealings over time.
Cost of Sales
Cost of sales as a percentage of revenue demonstrated notable volatility, with a trough near -76.6% and peaks reaching up to -87.4%. Early 2014 and late 2018 quarters saw the highest relative costs, indicating periods of increased expenditure in production or reduced pricing power. Mid-2015 to mid-2016 showed comparatively lower cost proportions, suggesting improved cost management or favorable pricing environments during that phase.
Gross Profit Margin
Gross profit margins displayed a pronounced cyclical pattern aligning inversely with cost fluctuations. Margins peaked in mid-2015 and early 2016 at above 22%, representing strong profitability from core operations. Conversely, margins were at their lowest at end-2014 and late 2018, dropping close to 12.9%, which could reflect market pressures or higher input costs during those intervals.
Operating Expenses
Selling, general, and administrative (SG&A) expenses increased gradually as a percentage of revenue, from around -1.67% in early 2014 to nearly -3.7% by late 2018. This trend indicates rising operational overheads, which may impact operating leverage negatively. Research and development expenses remained relatively stable, fluctuating narrowly between -0.26% and -0.37%, reflecting consistent investment in innovation without significant scaling.
Operating Income
Operating income margins followed a general trend consistent with gross profit movements but were tempered by rising SG&A expenses. Peaks occurred during mid-2015 and early 2016, reaching over 20%, whereas troughs at the end of 2018 dropped below 9%, indicating significant profitability pressure in that period.
Interest and Other Income
Interest expense generally trended higher over the observed periods, moving from approximately -0.7% to levels peaking over -2.4% in early 2017, before settling near -0.9% to -1.1%. Interest income remained minimal and stable, contributing less than 0.15%. Occasionally, other income showed positive spikes, particularly a large rise to 1.34% in late 2017, which may have resulted from non-operating gains or isolated financial activities.
Income Before Taxes and Taxes
Income before taxes exhibited a pattern similar to operating income, with peaks reaching above 21% in early 2016 and declines to below 9% by end-2018. The effective tax provision showed variability, occasionally producing benefits (e.g., 6.09% in late 2017) but generally representing a significant deduction averaging around -3% to -5%, indicating standard tax impact aligned with income fluctuations.
Net Income and Earnings Attributes
Net income margins reflect the overall profitability trends, peaking near 20.7% in late 2017 and dropping to lows near 7.8% in early 2019 before rebounding moderately. Income attributable to non-controlling interests and discontinued operations were marginal, having negligible impact on the overall earnings attributable to the company shareholders. The consistency of net income attributable to shareholders closely tracks the net income figures, confirming that reported earnings mainly reside with the majority stakeholders.