Table 1 - Reconciliation of Segment Information to Consolidated Financial Information

2021

2022

Millions of dollars

Sales and other operating revenues:

Olefins & Polyolefins - Americas

Olefins & Polyolefins - EAI

Intermediates & Derivatives

Advanced Polymer Solutions

Refining

Technology

Other/Eliminations

Total sales and other operating revenues

Operating income (loss):

Olefins & Polyolefins - Americas

Olefins & Polyolefins - EAI

Intermediates & Derivatives

Advanced Polymer Solutions

Refining

Technology

Other

Total operating income

Depreciation and amortization:

Olefins & Polyolefins - Americas

Olefins & Polyolefins - EAI

Intermediates & Derivatives

Advanced Polymer Solutions

Refining

Technology

Total depreciation and amortization

EBITDA:(a)

Olefins & Polyolefins - Americas

Olefins & Polyolefins - EAI

Intermediates & Derivatives

Advanced Polymer Solutions

Refining

Technology

Other

Total EBITDA(a)

Capital expenditures for PPE:

Olefins & Polyolefins - Americas

Olefins & Polyolefins - EAI

Intermediates & Derivatives

Advanced Polymer Solutions

Refining

Technology

Other

Total capital expenditures for PPE

Q1

Q2

Q3

Q4

Total

$

2,859

$

3,723

$

4,408

$

4,012

$

15,002

3,047

3,455

3,458

3,530

13,490 3,762

1,767

2,585

2,894

2,934

10,180 3,339

1,270

1,336

1,286

1,253

5,145 1,408

1,126

1,945

2,288

2,643

8,002 2,720

165

183

238

257

843 181

(1,152)

(1,666)

(1,872)

(1,799)

(6,489) (1,848)

$

9,082

$

11,561

$

12,700

$ $

12,830

$ $

46,173

$

687

$

1,395

$

1,403

1,067

4,552

259

551

361

57

1,228 138

88

493

247

139

967 468

104

101

94

(13)

286 88

(130)

(95)

25

(496)

(696) 148

82

82

144

163

471 93

(2)

(1)

(26)

(6)

(35) (2)

$

1,088

$

2,526

$

2,248

$

911

$

6,773

$

143

$

142

$

142

$

151

$

578

53

50

47

47

197 47

80

81

103

115

379 81

28

27

28

34

117 29

$

335

19

12

$

330

19

11

$

351

20

11

$

377

21

9

$

79 43 1,393

$

867

$

1,576

$

1,568

$

1,262

$

5,273

412

708

474

155

1,749

182

596

348

252

1,378

135

129

121

24

409

(110)

(81)

41

(474)

(624)

94

92

155

173

514

5

(2)

(16)

3

(10)

$

1,585

$

3,018

$

2,691

$

1,395

$

8,689

$

65

$

82

$

72

$

100

$

319

40

47

54

108

249 89

145

245

327

395

1,112 163

20

15

20

30

85 18

25

20

17

12

74 14

22

20

22

27

91 29

23

2

2

2

29 1

$

340

$

431

$

514

$

674

$

1,959

(a) See Table 6 for the reconciliation of net income to EBITDA, including and excluding LCM and impairment.

Q1

  • $ 3,595

  • $ 13,157

  • $ 728

  • $ 1,661

  • $ 144

    $

    - 10 311

    $

    911

    188

    546

    125

    148

    103

    (1)

  • $ 2,020

  • $ 132

  • $ 446

Table 2 - Selected Segment Operating Information

2021

2022

Q1

Q2

Q3

Q4

Total

Q1

Olefins and Polyolefins - Americas

Volumes (kilotons)

Ethylene produced

1,133

1,298

1,225

1,345

5,001

1,100

Propylene produced

300

368

382

327

1,377

258

Polyethylene sold

756

750

758

818

3,082

798

Polypropylene sold

213

243

247

226

929

218

Benchmark Market Prices

West Texas Intermediate crude oil (USD per barrel)

57.84

66.10

70.58

77.35

67.97

94.49

Brent crude oil (USD per barrel)

61.10

69.02

73.23

79.80

70.79

97.38

Houston Ship Channel natural gas (USD per million BTUs)

2.65

2.95

4.25

4.61

3.61

4.28

U.S. weighted average cost of ethylene production (USD per metric ton)

286

276

356

459

344

491

U.S. ethylene (USD per metric ton)

902

876

974

895

912

942

U.S. polyethylene [high density] (USD per metric ton)

1,521

1,940

2,161

1,830

1,863

1,617

U.S. propylene (USD per metric ton)

1,609

1,477

1,815

1,448

1,587

1,396

U.S. polypropylene [homopolymer] (USD per metric ton)

2,315

2,505

2,962

2,491

2,568

2,234

Olefins and Polyolefins - Europe, Asia, International

Volumes (kilotons)

Ethylene produced

474

471

455

353

1,753

359

Propylene produced

274

265

264

200

1,003

204

Polyethylene sold

745

698

691

702

2,836

783

Polypropylene sold

907

867

926

967

3,667

881

Benchmark Market Prices (€ per metric ton)

Western Europe weighted average cost of ethylene production

530

459

557

601

537

823

Western Europe ethylene

932

1,058

1,153

1,248

1,098

1,349

Western Europe polyethylene [high density]

1,270

1,611

1,481

1,465

1,457

1,556

Western Europe propylene

885

1,035

1,152

1,256

1,082

1,364

Western Europe polypropylene [homopolymer]

1,317

1,743

1,718

1,752

1,632

1,812

Intermediates and Derivatives

Volumes Sold (kilotons)

Propylene oxide and derivatives

277

317

359

352

1,305

374

Intermediate Chemicals:

Ethylene oxide and derivatives

96

128

141

128

493

127

Styrene monomer

278

393

461

417

1,549

493

Acetyls

272

307

218

293

1,090

278

Oxyfuels and Related Products:

TBA intermediates

114

144

162

135

555

159

MTBE/ETBE

665

749

956

809

3,179

877

Benchmark Market Margins (USD per metric ton)

MTBE - Northwest Europe

46

167

125

62

100

174

Advanced Polymer Solutions

Volumes Sold (kilotons)

Compounding & Solutions

443

398

360

355

1,556

403

Advanced Polymers

110

112

106

102

430

111

Refining

Volumes (thousands of barrels per day)

Heavy crude oil processing rates

152

248

260

266

231

255

Benchmark Market Margins

Brent - 2-1-1

10.57

15.32

16.10

15.54

14.39

22.31

Brent - Maya differential

4.75

6.14

7.01

8.04

6.48

8.51

Source: LyondellBasell, IHS Markit and Platts

Note: Benchmark market prices for U.S. and Western Europe polyethylene and polypropylene reflect discounted prices. Volumes of selected key products presented represent third party sales and joint ventures' sales marketed by LyondellBasell.

Table 3 - Unaudited Income Statement Information

2022

Millions of dollars

Q1

Q2

Q3

Q4

Total

Q1

Sales and other operating revenues

$

9,082

$ 11,561

$ 12,700

$ 12,830

$ 46,173

$ 13,157

Cost of sales

7,678

8,676

10,109

10,934

37,397

11,136

Impairments

-

-

-

624

624

-

Selling, general and administrative expenses

287

327

313

328

1,255

328

Research and development expenses

29

32

30

33

124

32

Operating income

1,088

2,526

2,248

911

6,773

1,661

Income from equity investments

137

148

104

72

461

29

Interest expense, net

(108)

(125)

(125)

(152)

(510)

(72)

Other income (expense), net

25

14

(12)

35

62

19

Income from continuing operations before income taxes

1,142

2,563

2,215

866

6,786

1,637

Provision for income taxes

70

506

452

135

1,163

316

Income from continuing operations

1,072

2,057

1,763

731

5,623

1,321

(Loss) income from discontinued operations, net of tax

(2)

2

(1)

(5)

(6)

(1)

Net income

1,070

2,059

1,762

726

5,617

1,320

Dividends on redeemable non-controlling interests

(2)

(1)

(2)

(2)

(7)

(2)

Net income attributable to Company shareholders

$

1,068

$ 2,058

$ 1,760

$ 724

$ 5,610

2021

$

1,318

Table 4 - Unaudited Cash Flow Information

2021

2022

Millions of dollars

Q1

Q2

Q3

Q4

Total

Q1

Net cash provided by operating activities

$

571

$ 1,902

$ 2,143

$ 3,079

$ 7,695

$ 1,502

Net cash used in investing activities

(59)

(303)

(435)

(705)

(1,502)

(456)

Net cash used in financing activities

(782)

(1,688)

(1,157)

(2,758)

(6,385)

(713)

Table 5 - Unaudited Balance Sheet Information

Millions of dollars

Cash and cash equivalents

Restricted cash Short-term investments Accounts receivable, net Inventories

Prepaid expenses and other current assets

Total current assets

Operating lease assets

Property, plant and equipment, net Equity investments

Goodwill

Intangible assets, net Other assets

March 31, 2021

$

1,452

11

383

3,961

4,632

1,525

11,964

1,466

14,390

4,794

1,904

717

511

Total assets

June 30, 2021

  • $ 1,381

    2

    136

    4,897

    4,840

    1,641

    12,897

    1,634

    14,645

    4,902

    1,931

    677

    573

    $

    35,746

    September 30, 2021

    December 31, 2021

    $

    1,893

    5 5

    36 9

    5,251 4,808

    4,982 4,901

    1,819 1,022

    $

    1,472

    13,986 12,217

    1,789 1,946

    14,836 14,556

    4,888 4,786

    1,894 1,875

    666 695

    603 667

    $

    37,259

    $

    38,662

    $ 36,742

    March 31, 2022

    $

    1,785

    9 -

    5,391

    4,979

    1,127

    13,291

    1,905

    14,729

    4,743

    1,866

    673

    647

    $

    37,854

    Current maturities of long-term debt Short-term debt

    Accounts payable Accrued liabilities

    Total current liabilities Long-term debt Operating lease liabilities Other liabilities

    Deferred income taxes

    Redeemable non-controlling interests Shareholders' equity

    Non-controlling interests

    Total liabilities, redeemable non-controlling interests and equity

    $

    958

    682

    3,282

    1,953

    6,875

    13,785

    1,199

    2,554

    2,403

    116

    8,800

    14

    • $ 35,746

    $

    8

    683

    3,486

    2,418

    6,595

    13,482

    1,364

    2,657

    2,507

    116

    10,524

    14

  • $ 37,259

$

8

563

4,172

2,665

7,408

12,945

1,518

2,383

2,478

116

11,800

14

$

38,662

$

6

362 141

4,291 5,014

2,571 2,376

7,230 7,539

11,246 11,175

1,649 1,610

2,295 2,215

2,334 2,487

116 116

11,858 12,698

$

14 36,742

$ 8

$

14 37,854

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LyondellBasell Industries NV published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 14:46:04 UTC.