Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

LyondellBasell Industries N.V., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Trade	38,126)	33,705)	28,454)	31,930)	44,714)
Related parties	878)	779)	729)	805)	894)
Sales and other operating revenues	39,004)	34,484)	29,183)	32,735)	45,608)
Cost of sales	(32,529)	(28,059)	(23,191)	(25,683)	(38,939)
Gross profit	6,475)	6,425)	5,992)	7,052)	6,669)
Selling, general and administrative expenses	(1,129)	(859)	(833)	(828)	(806)
Research and development expenses	(115)	(106)	(99)	(102)	(127)
Operating income	5,231)	5,460)	5,060)	6,122)	5,736)
Interest expense	(360)	(491)	(322)	(310)	(352)
Interest income	45)	24)	17)	33)	33)
Other income, net	106)	179)	111)	25)	38)
Income from continuing operations before equity investments and income taxes	5,022)	5,172)	4,866)	5,870)	5,455)
Income from equity investments	289)	321)	367)	339)	257)
Income from continuing operations before income taxes	5,311)	5,493)	5,233)	6,209)	5,712)
Provision for income taxes	(613)	(598)	(1,386)	(1,730)	(1,540)
Income from continuing operations	4,698)	4,895)	3,847)	4,479)	4,172)
Loss from discontinued operations, net of tax	(8)	(18)	(10)	(5)	(4)
Net income	4,690)	4,877)	3,837)	4,474)	4,168)
Net (income) loss attributable to non-controlling interests	(2)	2)	(1)	2)	6)
Net income attributable to the Company shareholders	4,688)	4,879)	3,836)	4,476)	4,174)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

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Income statement item	Description	The company
Sales and other operating revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	LyondellBasell Industries N.V. sales and other operating revenues increased from 2016 to 2017 and from 2017 to 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	LyondellBasell Industries N.V. operating income increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.
Income from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	LyondellBasell Industries N.V. income from continuing operations before income taxes increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.
Net income attributable to the Company shareholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	LyondellBasell Industries N.V. net income attributable to the Company shareholders increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.

LyondellBasell Industries N.V. (NYSE:LYB)

Income Statement