Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 37,936,000 | 36,579,000 | 49,624,000 | 58,316,000 | 60,208,000 | 65,999,000 | 55,760,000 | 58,619,000 | 65,869,000 | 59,434,000 | 104,588,000 | 64,782,000 | 19,468,000 | 18,369,000 | 19,234,000 | 17,057,000 | 18,647,000 | 17,665,000 | 17,289,000 | 17,154,000 | 23,331,000 | 23,618,000 | 24,081,000 | 19,923,000 | 18,647,000 | 17,473,000 | 84,615,000 | 19,744,000 | 17,041,000 | 28,483,000 | 24,980,000 | 27,008,000 | 17,249,000 | 104,939,000 | 122,974,000 | 88,900,000 | 75,006,000 | 151,257,000 | 178,676,000 | 169,559,000 | 154,257,000 | 137,291,000 | 144,918,000 | 133,750,000 | 89,988,000 | |
receivable under the investment management agreement—westlake corporation | 13,396,000 | 43,924,000 | 104,529,000 | 134,557,000 | 109,540,000 | 94,478,000 | 94,477,000 | 94,444,000 | 84,358,000 | 94,230,000 | 52,079,000 | 64,996,000 | 135,863,000 | 129,363,000 | 111,224,000 | |||||||||||||||||||||||||||||||
accounts receivable, net—westlake | 59,665,000 | 59,919,000 | 55,051,000 | 31,975,000 | 44,885,000 | 39,090,000 | 41,766,000 | 49,565,000 | 54,625,000 | 45,467,000 | 50,453,000 | 90,965,000 | 98,399,000 | 104,920,000 | 109,732,000 | 142,791,000 | 57,020,000 | 66,948,000 | 50,969,000 | 108,028,000 | 56,237,000 | 42,354,000 | 40,560,000 | 42,847,000 | 35,001,000 | 38,995,000 | 47,626,000 | 65,628,000 | 47,970,000 | 43,257,000 | 60,405,000 | 28,500,000 | ||||||||||||||
accounts receivable, net—third parties | 16,141,000 | 12,817,000 | 13,013,000 | 11,576,000 | 22,511,000 | 27,128,000 | 27,228,000 | 18,701,000 | 21,626,000 | 17,443,000 | 19,691,000 | 20,030,000 | 24,675,000 | 41,444,000 | 26,412,000 | 5,825,000 | 12,168,000 | 24,962,000 | 19,702,000 | 11,029,000 | 5,144,000 | 7,007,000 | 13,535,000 | 9,914,000 | 14,543,000 | 20,435,000 | 15,495,000 | 16,404,000 | 22,544,000 | 16,380,000 | 19,017,000 | 18,083,000 | 16,651,000 | 14,720,000 | 19,863,000 | 12,085,000 | 15,699,000 | 9,620,000 | 6,066,000 | 11,927,000 | 14,479,000 | 22,075,000 | 16,997,000 | 37,520,000 | 29,606,000 | |
inventories | 3,078,000 | 3,261,000 | 2,733,000 | 4,058,000 | 3,751,000 | 4,487,000 | 4,860,000 | 4,432,000 | 4,394,000 | 3,260,000 | 5,466,000 | 4,715,000 | 5,359,000 | 7,448,000 | 7,887,000 | 8,898,000 | 6,590,000 | 4,929,000 | 3,171,000 | 3,474,000 | 1,652,000 | 1,529,000 | 2,000,000 | 2,484,000 | 3,698,000 | 4,029,000 | 4,171,000 | 4,388,000 | 5,004,000 | 6,128,000 | 5,171,000 | 5,590,000 | 3,881,000 | 4,558,000 | 4,776,000 | 3,934,000 | 3,428,000 | 2,493,000 | 2,590,000 | 3,879,000 | 3,272,000 | 3,856,000 | 4,564,000 | 6,634,000 | 5,551,000 | 18,996,000 |
prepaid expenses and other current assets | 641,000 | 24,000 | 201,000 | 444,000 | 667,000 | 944,000 | 257,000 | 442,000 | 599,000 | 718,000 | 153,000 | 305,000 | 458,000 | 67,000 | 238,000 | 396,000 | 566,000 | 61,000 | 217,000 | 392,000 | 557,000 | 65,000 | 204,000 | 470,000 | 559,000 | 95,000 | 251,000 | 370,000 | 491,000 | 54,000 | 161,000 | 314,000 | 413,000 | 45,000 | 154,000 | 269,000 | 73,000 | 157,000 | 267,000 | 382,000 | 30,000 | 122,000 | 212,000 | 303,000 | 212,000 | |
total current assets | 130,857,000 | 156,524,000 | 225,151,000 | 240,926,000 | 241,562,000 | 232,126,000 | 224,348,000 | 226,203,000 | 231,471,000 | 220,552,000 | 232,430,000 | 245,793,000 | 284,222,000 | 301,611,000 | 274,727,000 | 281,210,000 | 291,243,000 | 336,814,000 | 278,587,000 | 263,305,000 | 278,162,000 | 245,964,000 | 242,139,000 | 238,411,000 | 237,336,000 | 222,354,000 | 428,659,000 | 247,142,000 | 262,583,000 | 242,756,000 | 227,298,000 | 231,389,000 | 217,608,000 | 203,629,000 | 229,832,000 | 232,165,000 | 192,278,000 | 222,561,000 | 243,532,000 | 225,287,000 | 216,425,000 | 199,134,000 | 204,583,000 | 196,645,000 | 153,948,000 | |
property, plant and equipment | 902,813,000 | 902,062,000 | 903,497,000 | 903,588,000 | 908,992,000 | 912,752,000 | 926,813,000 | 943,843,000 | 959,114,000 | 963,490,000 | 977,469,000 | 990,213,000 | 1,006,633,000 | 1,016,726,000 | 1,030,571,000 | 1,043,539,000 | 1,022,181,000 | 1,030,016,000 | 1,039,261,000 | 1,050,677,000 | 1,060,840,000 | 1,077,499,000 | 1,092,120,000 | 1,102,995,000 | 1,113,010,000 | 1,129,083,000 | 1,138,434,000 | 1,148,265,000 | 1,161,203,000 | 1,173,330,000 | 1,183,409,000 | 1,196,245,000 | 1,206,246,000 | 1,220,393,000 | 1,223,239,000 | 1,222,238,000 | 1,217,451,000 | 1,203,249,000 | 1,096,354,000 | 1,020,469,000 | 962,221,000 | 914,270,000 | 866,546,000 | 842,057,000 | 806,648,000 | |
goodwill | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | 5,814,000 | |||
deferred charges and other assets | 232,129,000 | 242,787,000 | 236,890,000 | 137,628,000 | 138,327,000 | 137,670,000 | 138,101,000 | 140,982,000 | 145,111,000 | 145,731,000 | 126,965,000 | 130,159,000 | 134,497,000 | 137,976,000 | 143,254,000 | 150,135,000 | 41,324,000 | 29,111,000 | 33,472,000 | 36,692,000 | 37,466,000 | 39,750,000 | 42,954,000 | 46,236,000 | 50,896,000 | 53,653,000 | 58,366,000 | 60,904,000 | 65,403,000 | 70,275,000 | 76,083,000 | 81,828,000 | 88,030,000 | 92,741,000 | 97,915,000 | 95,011,000 | 100,688,000 | 92,362,000 | 38,377,000 | 38,779,000 | 40,728,000 | 44,204,000 | 48,018,000 | 51,919,000 | 55,865,000 | |
total assets | 1,271,613,000 | 1,307,187,000 | 1,371,352,000 | 1,287,956,000 | 1,294,695,000 | 1,288,362,000 | 1,295,076,000 | 1,316,842,000 | 1,341,510,000 | 1,335,587,000 | 1,342,678,000 | 1,371,979,000 | 1,431,166,000 | 1,462,127,000 | 1,454,366,000 | 1,480,698,000 | 1,360,562,000 | 1,401,755,000 | 1,357,134,000 | 1,356,488,000 | 1,382,282,000 | 1,369,027,000 | 1,383,027,000 | 1,393,456,000 | 1,407,056,000 | 1,410,904,000 | 1,631,273,000 | 1,462,125,000 | 1,495,003,000 | 1,492,175,000 | 1,492,604,000 | 1,515,276,000 | 1,517,698,000 | 1,522,577,000 | 1,556,800,000 | 1,555,228,000 | 1,536,659,000 | 1,552,234,000 | 1,384,077,000 | 1,290,349,000 | 1,225,188,000 | 1,163,422,000 | 1,124,961,000 | 1,096,435,000 | 1,022,275,000 | |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
accounts payable—westlake | 8,741,000 | 8,572,000 | 42,628,000 | 20,744,000 | 14,833,000 | 10,581,000 | 8,439,000 | 15,166,000 | 25,261,000 | 10,606,000 | 14,651,000 | 34,087,000 | 35,583,000 | 55,869,000 | 34,471,000 | 10,796,000 | 13,259,000 | 20,134,000 | 11,921,000 | 7,855,000 | 17,923,000 | 5,440,000 | 4,333,000 | 15,201,000 | 13,330,000 | 9,996,000 | 19,344,000 | 27,477,000 | 41,274,000 | 21,229,000 | 14,339,000 | 14,027,000 | 14,123,000 | 14,058,000 | 7,228,000 | 12,130,000 | 7,435,000 | 26,558,000 | 7,290,000 | 15,550,000 | 9,288,000 | 14,523,000 | 12,423,000 | 7,470,000 | 18,127,000 | |
accounts payable—third parties | 14,349,000 | 28,071,000 | 58,858,000 | 17,708,000 | 17,094,000 | 17,186,000 | 14,843,000 | 16,189,000 | 18,984,000 | 28,759,000 | 15,770,000 | 15,317,000 | 19,459,000 | 20,399,000 | 21,082,000 | 35,105,000 | 16,773,000 | 12,435,000 | 12,602,000 | 13,131,000 | 6,816,000 | 8,846,000 | 8,301,000 | 6,141,000 | 4,644,000 | 8,030,000 | 7,481,000 | 5,045,000 | 6,402,000 | 7,390,000 | 7,798,000 | 10,516,000 | 10,073,000 | 7,102,000 | 15,295,000 | 9,930,000 | 19,189,000 | 67,167,000 | 29,421,000 | 18,737,000 | 24,871,000 | 22,418,000 | 15,568,000 | 12,614,000 | 12,827,000 | |
accrued and other liabilities | 32,036,000 | 36,263,000 | 63,336,000 | 16,920,000 | 21,364,000 | 21,840,000 | 19,801,000 | 24,980,000 | 31,355,000 | 26,952,000 | 21,061,000 | 17,537,000 | 22,615,000 | 15,751,000 | 21,391,000 | 60,895,000 | 24,527,000 | 16,084,000 | 18,049,000 | 18,768,000 | 16,955,000 | 16,807,000 | 18,032,000 | 17,507,000 | 22,964,000 | 18,287,000 | 20,433,000 | 208,000 | ||||||||||||||||||
total current liabilities | 55,126,000 | 72,906,000 | 164,822,000 | 55,372,000 | 53,291,000 | 49,607,000 | 43,083,000 | 56,335,000 | 75,600,000 | 66,317,000 | 51,482,000 | 66,941,000 | 77,657,000 | 92,019,000 | 453,999,000 | 106,796,000 | 54,559,000 | 48,653,000 | 42,572,000 | 39,754,000 | 41,694,000 | 31,093,000 | 30,666,000 | 38,849,000 | 40,938,000 | 36,313,000 | 47,258,000 | 48,772,000 | 66,587,000 | 47,615,000 | 37,287,000 | 40,240,000 | 44,920,000 | 36,390,000 | 46,645,000 | 37,777,000 | 47,577,000 | 170,794,000 | 73,338,000 | 57,694,000 | 56,511,000 | 54,397,000 | 34,581,000 | 31,984,000 | 34,953,000 | |
long-term debt payable to westlake | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 22,619,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 399,674,000 | 601,119,000 | 477,608,000 | 477,608,000 | 477,608,000 | 477,608,000 | 473,960,000 | 477,121,000 | 588,280,000 | 600,206,000 | 594,629,000 | 595,083,000 | 515,338,000 | 443,525,000 | 384,006,000 | 330,495,000 | 280,992,000 | 257,829,000 | 227,638,000 | 188,523,000 | |
deferred income taxes | 1,518,000 | 1,581,000 | 1,567,000 | 1,546,000 | 1,569,000 | 1,680,000 | 1,664,000 | 1,632,000 | 1,656,000 | 1,638,000 | 1,644,000 | 1,656,000 | 1,671,000 | 1,493,000 | 1,516,000 | 1,530,000 | 1,510,000 | 1,634,000 | 1,574,000 | 1,542,000 | 1,527,000 | 1,667,000 | 1,649,000 | 1,649,000 | 1,631,000 | 1,693,000 | 1,677,000 | 1,664,000 | 1,626,000 | 2,339,000 | 2,272,000 | 2,220,000 | 2,099,000 | 1,936,000 | 1,828,000 | 1,736,000 | 1,781,000 | 1,712,000 | 1,571,000 | 1,392,000 | 1,489,000 | 1,614,000 | 1,902,000 | 6,813,000 | ||
other liabilities | 1,984,000 | 1,861,000 | 2,183,000 | 2,050,000 | 2,347,000 | 2,554,000 | 2,410,000 | 2,951,000 | 3,308,000 | 36,000 | 206,000 | 381,000 | 555,000 | 740,000 | 947,000 | 1,149,000 | 53,000 | 146,000 | 114,000 | 107,000 | 79,000 | 168,000 | 136,000 | 123,000 | 243,000 | 640,000 | 420,000 | 90,000 | 219,000 | 35,000 | 28,000 | 15,000 | 5,000 | |||||||||||||
total liabilities | 458,302,000 | 476,022,000 | 568,246,000 | 458,642,000 | 456,881,000 | 453,515,000 | 446,831,000 | 460,592,000 | 480,238,000 | 467,629,000 | 452,800,000 | 468,271,000 | 479,002,000 | 493,186,000 | 478,134,000 | 508,000,000 | 455,743,000 | 449,997,000 | 444,026,000 | 441,351,000 | 443,450,000 | 433,174,000 | 432,936,000 | 441,321,000 | 444,325,000 | 438,790,000 | 651,326,000 | 528,044,000 | 545,874,000 | 527,708,000 | 517,281,000 | 516,527,000 | 524,219,000 | 626,774,000 | 648,815,000 | 634,265,000 | 644,684,000 | 688,484,000 | 518,854,000 | 443,182,000 | 388,714,000 | 337,038,000 | 294,340,000 | 261,485,000 | 224,988,000 | |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||
common unitholders—publicly and privately held | 462,093,000 | 463,109,000 | 464,339,000 | 471,328,000 | 472,296,000 | 471,199,000 | 472,450,000 | 473,513,000 | 474,895,000 | 476,791,000 | 479,617,000 | 480,643,000 | 480,535,000 | 481,453,000 | 481,550,000 | 481,796,000 | 474,062,000 | 476,076,000 | 470,834,000 | 471,701,000 | 472,556,000 | 471,392,000 | 472,428,000 | 471,736,000 | 470,977,000 | 471,944,000 | 473,119,000 | |||||||||||||||||||
common unitholder—westlake | 41,091,000 | 41,876,000 | 42,699,000 | 47,373,000 | 48,020,000 | 47,408,000 | 48,282,000 | 48,993,000 | 49,919,000 | 51,282,000 | 53,173,000 | 53,859,000 | 53,787,000 | 54,526,000 | 54,591,000 | 54,754,000 | 49,576,000 | 51,103,000 | 47,690,000 | 48,270,000 | 48,900,000 | 48,120,000 | 48,814,000 | 48,350,000 | 47,940,000 | 48,419,000 | 49,195,000 | 48,774,000 | 49,511,000 | 49,848,000 | 49,872,000 | 50,265,000 | 49,025,000 | 4,825,000 | 4,823,000 | 4,813,000 | 4,726,000 | 4,739,000 | 4,701,000 | 4,502,000 | 4,360,000 | 4,242,000 | 4,094,000 | 4,038,000 | 3,828,000 | |
general partner—westlake | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,573,000 | -242,572,000 | -241,839,000 | -241,958,000 | -242,074,000 | -242,250,000 | -242,341,000 | -242,430,000 | -242,481,000 | -242,526,000 | -242,570,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | -242,572,000 | |
total westlake chemical partners lp partners' capital | 260,612,000 | 262,413,000 | 264,466,000 | 276,129,000 | 277,744,000 | 276,035,000 | 278,160,000 | 279,934,000 | 282,242,000 | 285,501,000 | 290,218,000 | 291,930,000 | 291,750,000 | 293,407,000 | 293,569,000 | 293,978,000 | 281,066,000 | 284,607,000 | 275,952,000 | 277,399,000 | 278,884,000 | 276,940,000 | 278,670,000 | 277,514,000 | 276,345,000 | 277,791,000 | 279,742,000 | 215,810,000 | 217,493,000 | 218,152,000 | 219,117,000 | 219,814,000 | 216,861,000 | 102,953,000 | 102,859,000 | 102,484,000 | 100,372,000 | 100,175,000 | 99,580,000 | 96,561,000 | 93,425,000 | 91,370,000 | 88,583,000 | 87,524,000 | 83,573,000 | |
noncontrolling interest in westlake chemical opco lp | 552,699,000 | 568,752,000 | 538,640,000 | 553,185,000 | 560,070,000 | 558,812,000 | 570,085,000 | 576,316,000 | 579,030,000 | 582,457,000 | 599,660,000 | 611,778,000 | 660,414,000 | 675,534,000 | 682,663,000 | 678,720,000 | 623,753,000 | 667,151,000 | 637,156,000 | 637,738,000 | 659,948,000 | 658,913,000 | 671,421,000 | 674,621,000 | 686,386,000 | 694,323,000 | 700,205,000 | 718,271,000 | 731,636,000 | 746,315,000 | 756,206,000 | 778,935,000 | 776,618,000 | 792,850,000 | 805,126,000 | 818,479,000 | 791,603,000 | 763,575,000 | 765,643,000 | 750,606,000 | 743,049,000 | 735,014,000 | 742,038,000 | 747,426,000 | ||
total equity | 813,311,000 | 831,165,000 | 803,106,000 | 829,314,000 | 837,814,000 | 834,847,000 | 848,245,000 | 856,250,000 | 861,272,000 | 867,958,000 | 889,878,000 | 903,708,000 | 952,164,000 | 968,941,000 | 976,232,000 | 972,698,000 | 904,819,000 | 951,758,000 | 913,108,000 | 915,137,000 | 938,832,000 | 935,853,000 | 950,091,000 | 952,135,000 | 962,731,000 | 972,114,000 | 979,947,000 | 934,081,000 | 949,129,000 | 964,467,000 | 975,323,000 | 998,749,000 | 993,479,000 | 895,803,000 | 907,985,000 | 920,963,000 | 891,975,000 | 863,750,000 | 865,223,000 | 847,167,000 | 836,474,000 | 826,384,000 | 830,621,000 | 834,950,000 | 797,287,000 | |
total liabilities and equity | 1,271,613,000 | 1,307,187,000 | 1,371,352,000 | 1,287,956,000 | 1,294,695,000 | 1,288,362,000 | 1,295,076,000 | 1,316,842,000 | 1,341,510,000 | 1,335,587,000 | 1,342,678,000 | 1,371,979,000 | 1,431,166,000 | 1,462,127,000 | 1,454,366,000 | 1,480,698,000 | 1,360,562,000 | 1,401,755,000 | 1,357,134,000 | 1,356,488,000 | 1,382,282,000 | 1,369,027,000 | 1,383,027,000 | 1,393,456,000 | 1,407,056,000 | 1,410,904,000 | 1,631,273,000 | 1,462,125,000 | 1,495,003,000 | 1,492,175,000 | 1,492,604,000 | 1,515,276,000 | 1,517,698,000 | 1,522,577,000 | 1,556,800,000 | 1,555,228,000 | 1,536,659,000 | 1,552,234,000 | 1,384,077,000 | 1,290,349,000 | 1,225,188,000 | 1,163,422,000 | 1,124,961,000 | 1,096,435,000 | 1,022,275,000 | |
debt payable to westlake | 377,055,000 | |||||||||||||||||||||||||||||||||||||||||||||
receivable under the investment management agreement—westlake chemical corporation | 106,243,000 | 196,252,000 | 222,249,000 | 187,239,000 | 123,228,000 | 191,241,000 | 171,391,000 | 161,759,000 | 162,773,000 | 164,888,000 | 141,327,000 | 276,501,000 | 148,956,000 | 151,875,000 | 143,741,000 | 134,712,000 | 136,510,000 | 119,009,000 | ||||||||||||||||||||||||||||
operating lease liabilities | 2,082,000 | 1,110,000 | 1,272,000 | |||||||||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||
net sales—westlake | 257,040,000 | 1,074,957,000 | 313,381,000 | 253,673,000 | 235,031,000 | 973,081,000 | 258,049,000 | 240,989,000 | 212,930,000 | 853,719,000 | 193,964,000 | 181,635,000 | 231,260,000 | 834,918,000 | 207,856,000 | 204,669,000 | 208,913,000 | 1,292,089,000 | 289,601,000 | |||||||||||||||||||||||||||
net co-product, ethylene and other sales—third parties | 42,046,000 | 50,269,000 | 48,302,000 | 49,241,000 | 38,726,000 | 49,124,000 | 64,518,000 | 35,390,000 | 29,206,000 | |||||||||||||||||||||||||||||||||||||
total net sales | 299,086,000 | 1,285,622,000 | 363,650,000 | 301,975,000 | 284,272,000 | 1,172,981,000 | 296,775,000 | 290,113,000 | 277,448,000 | 986,736,000 | 229,354,000 | 210,841,000 | 252,604,000 | 1,007,221,000 | 248,619,000 | 251,705,000 | 258,391,000 | 1,749,700,000 | 392,008,000 | |||||||||||||||||||||||||||
cost of sales | 208,432,000 | 908,463,000 | 269,743,000 | 204,857,000 | 191,767,000 | 769,314,000 | 201,372,000 | 190,542,000 | 179,487,000 | 595,405,000 | 142,553,000 | 122,460,000 | 142,190,000 | 624,339,000 | 154,474,000 | 157,177,000 | 162,164,000 | 1,003,888,000 | 227,015,000 | |||||||||||||||||||||||||||
gross profit | 90,654,000 | 377,159,000 | 93,907,000 | 97,118,000 | 92,505,000 | 403,667,000 | 95,403,000 | 99,571,000 | 97,961,000 | 391,331,000 | 86,801,000 | 88,381,000 | 110,414,000 | 382,882,000 | 94,145,000 | 94,528,000 | 96,227,000 | 745,812,000 | 164,993,000 | |||||||||||||||||||||||||||
selling, general and administrative expenses | 6,973,000 | 27,590,000 | 5,909,000 | 7,375,000 | 7,133,000 | 29,260,000 | 6,805,000 | 6,886,000 | 7,828,000 | 24,887,000 | 5,788,000 | 5,848,000 | 6,097,000 | 23,550,000 | 5,831,000 | 5,995,000 | 6,000,000 | 29,256,000 | 8,860,000 | |||||||||||||||||||||||||||
income from operations | 83,681,000 | 349,569,000 | 87,998,000 | 89,743,000 | 85,372,000 | 374,407,000 | 88,598,000 | 92,685,000 | 90,133,000 | 366,444,000 | 81,013,000 | 82,533,000 | 104,317,000 | 359,332,000 | 88,314,000 | 88,533,000 | 90,227,000 | 716,556,000 | 156,133,000 | |||||||||||||||||||||||||||
other income | 815,000 | 2,457,000 | 668,000 | 583,000 | 491,000 | 1,792,000 | 162,000 | 24,000 | 1,658,000 | 601,000 | -13,000 | 159,000 | 84,000 | 160,000 | -73,000 | 33,000 | 5,000 | 3,151,000 | 486,000 | |||||||||||||||||||||||||||
interest expense—westlake | -5,900,000 | -21,433,000 | -5,639,000 | -5,547,000 | -4,866,000 | -21,861,000 | -6,190,000 | -5,942,000 | -5,460,000 | -12,607,000 | -4,947,000 | -1,203,000 | -1,231,000 | -4,967,000 | -1,054,000 | -1,364,000 | -1,376,000 | -10,499,000 | -2,137,000 | |||||||||||||||||||||||||||
income before income taxes | 78,596,000 | 330,593,000 | 83,027,000 | 84,779,000 | 80,997,000 | 354,338,000 | 82,570,000 | 86,767,000 | 86,331,000 | 354,438,000 | 76,053,000 | 81,489,000 | 103,170,000 | 354,525,000 | 87,187,000 | 87,202,000 | 88,856,000 | 709,208,000 | 154,482,000 | |||||||||||||||||||||||||||
income tax provision | 200,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income | 78,396,000 | 330,571,000 | 83,799,000 | 84,476,000 | 80,714,000 | 353,058,000 | 82,245,000 | 86,470,000 | 86,028,000 | 353,403,000 | 75,859,000 | 81,192,000 | 102,771,000 | 353,853,000 | 87,046,000 | 87,243,000 | 88,389,000 | 509,820,000 | 118,173,000 | 297,718,000 | ||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest in opco | 63,441,000 | 281,224,000 | 71,387,000 | 71,719,000 | 68,419,000 | 304,388,000 | 68,860,000 | 76,495,000 | 76,264,000 | 312,463,000 | 67,198,000 | 71,848,000 | 90,687,000 | 314,022,000 | 76,943,000 | 76,800,000 | 79,889,000 | 134,909,000 | 49,542,000 | |||||||||||||||||||||||||||
net income attributable to westlake chemical partners lp | 14,955,000 | 12,412,000 | 12,757,000 | 12,295,000 | 13,385,000 | 9,975,000 | 9,764,000 | 8,661,000 | 9,344,000 | 12,084,000 | 10,443,000 | 8,500,000 | ||||||||||||||||||||||||||||||||||
net income per limited partner unit attributable to westlake chemical partners lp | ||||||||||||||||||||||||||||||||||||||||||||||
common units | 460 | 1,510 | 380 | 400 | 360 | 1,720 | 470 | 360 | 350 | 1,500 | 320 | 340 | 450 | 1,470 | 370 | 390 | 310 | 500 | 190 | |||||||||||||||||||||||||||
weighted-average limited partner units outstanding | ||||||||||||||||||||||||||||||||||||||||||||||
common units—publicly and privately held | 18,223,168,000 | |||||||||||||||||||||||||||||||||||||||||||||
common units—westlake | 14,122,230,000 | 14,122,230,000 | 14,122,230,000 | 14,122,230,000 | 14,122,230,000 | 7,831,307,000 | 14,122,230,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | 1,436,115,000 | |||||||||||||||||||||||||||
accounts receivable, net—westlake chemical corporation | 57,280,000 | 43,884,000 | 126,977,000 | 39,655,000 | 44,035,000 | 35,882,000 | 37,982,000 | 18,529,000 | ||||||||||||||||||||||||||||||||||||||
accrued liabilities | 16,250,000 | 18,911,000 | 18,996,000 | 15,150,000 | 15,697,000 | 20,724,000 | 15,230,000 | 24,122,000 | 15,717,000 | 20,953,000 | 77,069,000 | 36,627,000 | 23,407,000 | 22,352,000 | 17,456,000 | 6,590,000 | 11,900,000 | 3,999,000 | ||||||||||||||||||||||||||||
common unitholders—public | 409,608,000 | 410,555,000 | 410,754,000 | 410,786,000 | 411,228,000 | 409,684,000 | 297,486,000 | 297,462,000 | 297,367,000 | 296,585,000 | 296,704,000 | 296,357,000 | 294,565,000 | 293,282,000 | 292,216,000 | 290,884,000 | 290,377,000 | 288,487,000 | ||||||||||||||||||||||||||||
accumulated other comprehensive income | 122,000 | 298,000 | 279,000 | 226,000 | 243,000 | 289,000 | 200,000 | -224,000 | -624,000 | -451,000 | 280,000 | |||||||||||||||||||||||||||||||||||
net co-products, ethylene and other sales—third parties | 210,665,000 | |||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 22,000 | 303,000 | 283,000 | 1,280,000 | 325,000 | 297,000 | 303,000 | 1,035,000 | 194,000 | 297,000 | 399,000 | 672,000 | 141,000 | 467,000 | 199,388,000 | 36,309,000 | ||||||||||||||||||||||||||||||
net income attributable to westlake chemical partners lp and limited partners' interest in net income | 49,347,000 | 48,670,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income attributable to westlake chemical partners lp per limited partner unit | ||||||||||||||||||||||||||||||||||||||||||||||
subordinated units | 1,430 | 360 | 350 | 1,500 | 320 | 340 | 450 | 1,470 | 370 | 390 | 310 | 500 | 190 | |||||||||||||||||||||||||||||||||
common units—public | 18,118,628,000 | 18,119,980,000 | 18,115,036,000 | 18,115,036,000 | 14,270,240,000 | 13,050,000,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | 12,937,500,000 | ||||||||||||||||||||||||||||
subordinated units—westlake | 6,290,923,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | 12,686,115,000 | |||||||||||||||||||||||||||||||||
income tax benefit | -772,000 | |||||||||||||||||||||||||||||||||||||||||||||
distributions per common unit | 397.5 | 386.4 | 1,440 | 365 | 354.9 | 345 | 1,290 | 330 | ||||||||||||||||||||||||||||||||||||||
subordinated unitholder—westlake | 42,649,000 | 42,626,000 | 42,534,000 | 41,766,000 | 41,882,000 | 41,543,000 | 39,786,000 | 38,528,000 | 37,484,000 | 36,177,000 | 35,681,000 | 33,830,000 | ||||||||||||||||||||||||||||||||||
net co-products, ethylene and feedstock sales—third parties | 199,900,000 | 133,017,000 | 172,303,000 | 457,611,000 | ||||||||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 93,844,000 | 98,555,000 | 103,729,000 | 100,825,000 | 106,502,000 | 98,176,000 | 44,191,000 | 44,593,000 | 46,542,000 | 50,018,000 | 53,832,000 | 57,733,000 | 61,679,000 | |||||||||||||||||||||||||||||||||
accounts receivable—westlake chemical corporation | 79,367,000 | 82,065,000 | 98,145,000 | 59,118,000 | 56,043,000 | |||||||||||||||||||||||||||||||||||||||||
less: predecessor net income prior to initial public offering on august 4, 2014 | 361,334,000 | 63,616,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income subsequent to initial public offering | 353,403,000 | 353,853,000 | 87,046,000 | 148,486,000 | 54,557,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to westlake chemical partners lp subsequent to initial public offering and limited partners' interest in net income | 40,940,000 | 39,831,000 | 13,577,000 | 5,015,000 | ||||||||||||||||||||||||||||||||||||||||||
net income attributable to westlake chemical partners lp subsequent to initial public offering per limited partner unit | ||||||||||||||||||||||||||||||||||||||||||||||
receivable from westlake | 20,428,000 | 28,248,000 | ||||||||||||||||||||||||||||||||||||||||||||
net co-product, ethylene and feedstock sales—third parties | 21,344,000 | 40,763,000 | 47,036,000 | 49,478,000 | 102,407,000 | |||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -173,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to westlake chemical partners lp subsequent to initial public offering | 10,103,000 | |||||||||||||||||||||||||||||||||||||||||||||
(benefit from) benefit from income taxes | -41,000 | |||||||||||||||||||||||||||||||||||||||||||||
equity investment | ||||||||||||||||||||||||||||||||||||||||||||||
goodwill and intangible assets | 5,814,000 | 5,814,000 | ||||||||||||||||||||||||||||||||||||||||||||
net investment | ||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in opco | 713,714,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 39,282,000 | |||||||||||||||||||||||||||||||||||||||||||||
benefit from (recovery of) doubtful accounts | 65,000 | |||||||||||||||||||||||||||||||||||||||||||||
income from disposition of fixed assets | 1,238,000 | |||||||||||||||||||||||||||||||||||||||||||||
equity in loss of joint venture, net of dividends | 215,000 | |||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 9,258,000 | |||||||||||||||||||||||||||||||||||||||||||||
accounts payable | -2,583,000 | |||||||||||||||||||||||||||||||||||||||||||||
other | 7,499,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 378,921,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||
additions to property, plant and equipment | -106,191,000 | |||||||||||||||||||||||||||||||||||||||||||||
settlements of derivative instruments | -290,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -106,481,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from 2013 promissory notes | 104,173,000 | |||||||||||||||||||||||||||||||||||||||||||||
net distributions to westlake | -376,613,000 | |||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -272,440,000 | |||||||||||||||||||||||||||||||||||||||||||||
net change in cash | ||||||||||||||||||||||||||||||||||||||||||||||
cash at beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||
cash at end of period | ||||||||||||||||||||||||||||||||||||||||||||||
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