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.

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.

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LyondellBasell Industries N.V., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 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, net
Income from continuing operations before equity investments and income taxes
Income from equity investments
Income from continuing operations before income taxes
Provision for income taxes
Income from continuing operations
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-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).

Sales and Revenue Trends
There is a notable decline in Trade values from 2014 to 2016, decreasing from 44,714 million USD to 28,454 million USD. This trend is reflected similarly in Sales and other operating revenues, which dropped from 45,608 million USD to 29,183 million USD during the same period. However, from 2017 onward, both metrics show recovery and growth, reaching 38,126 million USD in Trade and 39,004 million USD in Sales revenues by 2018.
Cost of Sales and Profitability
Cost of sales decreased from 38,939 million USD in 2014 to 23,191 million USD in 2016, consistent with declining revenues. Following this, there was an increase to 32,529 million USD in 2018. Gross profit experienced fluctuations, peaking at 7,052 million USD in 2015 and reaching a low of 5,992 million USD in 2016, then stabilizing around 6,475 million USD by 2018. This indicates some volatility but relative stability in profitability margin post-2016.
Operating Expenses
Selling, general, and administrative expenses remained relatively stable from 2014 to 2017, ranging between 806 and 859 million USD. In 2018, there was a significant increase to 1,129 million USD. Research and development expenses show a slight decline from 127 million USD in 2014 to 99 million USD in 2016 but then slightly increase to 115 million USD in 2018.
Operating Income
Operating income declined from 5,736 million USD in 2014 to 5,060 million USD in 2016, which aligns with the trends observed in revenues and gross profit. It rebounded moderately to 5,460 million USD in 2017 but decreased slightly to 5,231 million USD in 2018, suggesting some pressure on operating performance despite revenue growth.
Interest and Other Income
Interest expense generally decreased from 352 million USD in 2014 to 310 million USD in 2015, but increased notably to 491 million USD in 2017 before reducing again to 360 million USD in 2018. Interest income was fairly stable but rose significantly in 2018 to 45 million USD. Other income, net displayed an upward trajectory from 38 million USD in 2014 to a peak of 179 million USD in 2017, then declined to 106 million USD in 2018.
Income Before Taxes and Taxes
Income from continuing operations before income taxes showed a declining trend from 5,712 million USD in 2014 to 5,233 million USD in 2016, improved slightly to 5,493 million USD in 2017, and decreased again to 5,311 million USD in 2018. Tax provisions decreased substantially from 1,540 million USD in 2014 to 598 million USD in 2017, with a slight increase to 613 million USD in 2018, reflecting possible changes in tax strategy or rates.
Net Income
Income from continuing operations followed a similar pattern to pre-tax income, declining to a low of 3,847 million USD in 2016, then increasing to 4,895 million USD in 2017 and slightly decreasing to 4,698 million USD in 2018. Net income attributable to company shareholders fluctuated consistently with overall net income trends, showing a dip in 2016 followed by recovery in subsequent years.
Overall Summary
The data illustrates a cyclical pattern with declines in sales and profitability through 2016, followed by recovery through 2018. Operating expenses remained relatively controlled until an increase in 2018. Interest expense volatility could have impacted net income margins. Tax provisions decreased substantially mid-period, enhancing net income despite fluctuations in operating performance. The company exhibited resilience and gradual improvement post-2016 dips but faced some pressure on operating income and increased administrative costs toward 2018.