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.