diff --git a/src/Spout/Reader/XLSX.php b/src/Spout/Reader/XLSX.php
index b0a66d1..adb9544 100644
--- a/src/Spout/Reader/XLSX.php
+++ b/src/Spout/Reader/XLSX.php
@@ -206,13 +206,25 @@ class XLSX extends AbstractReader
                 $currentColumnIndex = CellHelper::getColumnIndexFromCellIndex($currentCellIndex);
                 $node = $this->xmlReader->expand();
 
+                $hasInlineString = ($this->xmlReader->getAttribute('t') === 'inlineStr');
                 $hasSharedString = ($this->xmlReader->getAttribute('t') === 's');
-                if ($hasSharedString) {
-                    $sharedStringIndex = intval($node->nodeValue);
+
+                if ($hasInlineString) {
+                    // inline strings are formatted this way:
+                    // <c r="A1" t="inlineStr"><is><t>[INLINE_STRING]</t></is></c>
+                    $tNode = $node->getElementsByTagName('t')->item(0);
+                    $rowData[$currentColumnIndex] = trim($tNode->nodeValue);
+                } else if ($hasSharedString) {
+                    // shared strings are formatted this way:
+                    // <c r="A1" t="s"><v>[SHARED_STRING_INDEX]</v></c>
+                    $vNode = $node->getElementsByTagName('v')->item(0);
+                    $sharedStringIndex = intval($vNode->nodeValue);
                     $rowData[$currentColumnIndex] = $this->sharedStringsHelper->getStringAtIndex($sharedStringIndex);
                 } else {
-                    // for inline strings or numbers, just get the value
-                    $rowData[$currentColumnIndex] = trim($node->nodeValue);
+                    // other values are formatted this way:
+                    // <c r="A1"><v>[VALUE]</v></c>
+                    $vNode = $node->getElementsByTagName('v')->item(0);
+                    $rowData[$currentColumnIndex] = intval($vNode->nodeValue);
                 }
             } else if ($this->xmlReader->nodeType == \XMLReader::END_ELEMENT && $this->xmlReader->name === 'row') {
                 // End of the row description
diff --git a/tests/Spout/Reader/XLSXTest.php b/tests/Spout/Reader/XLSXTest.php
index 9a214f2..24aa89c 100644
--- a/tests/Spout/Reader/XLSXTest.php
+++ b/tests/Spout/Reader/XLSXTest.php
@@ -245,6 +245,21 @@ class XLSXTest extends \PHPUnit_Framework_TestCase
         $this->assertEquals([], $allRows, 'Sheet with no cells should be correctly processed.');
     }
 
+    /**
+     * @return void
+     */
+    public function testReadShouldSkipFormulas()
+    {
+        $allRows = $this->getAllRowsForFile('sheet_with_formulas.xlsx');
+
+        $expectedRows = [
+            ['val1', 'val2', 'total1', 'total2'],
+            [10, 20, 30, 21],
+            [11, 21, 32, 41],
+        ];
+        $this->assertEquals($expectedRows, $allRows);
+    }
+
     /**
      * @param string $fileName
      * @return array All the read rows the given file
diff --git a/tests/resources/xlsx/sheet_with_formulas.xlsx b/tests/resources/xlsx/sheet_with_formulas.xlsx
new file mode 100644
index 0000000..99975ae
Binary files /dev/null and b/tests/resources/xlsx/sheet_with_formulas.xlsx differ