Bought back $201.0M of its own shares, 2.2× what it paid in stock
Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 1 shelf registration; also 3 notes offerings.
- Dec 12, 2024 Shelf registration: shares and other securities, amount not fixed S-3ASR
Every offering filing →“We or selling securityholders may from time to time offer to sell the securities listed above in one or more classes or series in amounts, at prices and on terms that will be determined at the time of the offering.”
S-3ASR, Dec 12, 2024 ↗
Where the cash came from and where it went
FY2025, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $2.3B |
| Debt raised | $2.0B |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$144.0M |
Went to
| Capital spending | $1.9B |
| Buybacks | $201.0M |
| Dividends | $1.8B |
| Debt repaid | $492.0M |
| Added to cash | $61.0M |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
What the 10-Ks show for each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years.
Bhavesh Patel, Kenneth Lane, Peter Vanacker
- Operating cash flow
- $24.8B
- Capital spending
- $9.1B
- Buybacks
- $1.5B
- Dividends
- $9.8B
- Stock-based pay
- $409.0M
- Revenue since FY2020
- +9%
- Debt since FY2020
- -$3.0B
- CEO pay (reported)
- $94.0M
Buybacks, dividends and share count
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | $201.0M | $1.8B | $91.0M | - | - |
| 2024-12-31 | $195.0M | $1.7B | $91.0M | - | - |
| 2023-12-31 | $211.0M | $1.6B | $91.0M | - | - |
| 2022-12-31 | $420.0M | $3.2B | $70.0M | - | - |
| 2021-12-31 | $463.0M | $1.5B | $66.0M | - | - |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation.
What it paid for each share it bought back
What LYB paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.
| Fiscal year to | Shares bought | Spent | Average price | |
|---|---|---|---|---|
| 2025-12-31 | 3.04M | $201.0M | $66.16 | |
| 2024-12-31 | 2.24M | $198.0M | $88.54 | |
| 2023-12-31 | 2.35M | $211.0M | $89.82 | |
| 2022-12-31 | 4.40M | $406.0M | $92.32 | |
| 2021-12-31 | 5.16M | $477.0M | $92.38 | |
| 2020-12-31 | 51K | $4.0M | $78.92 | |
| 2019-12-31 | 42.68M | $3.7B | $87.34 | |
| 2018-12-31 | 19.22M | $1.9B | $97.71 | |
| 2017-12-31 | 10.02M | $845.0M | $84.35 | |
| 2016-12-31 | 36.62M | $2.9B | $79.58 |
Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out.