◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

Westlake Chemical Partners LP CIK: 1604665 Q3 2021
Filing Information
Form Type 10-Q
Accession Number 0001604665-21-000055
Period End Date 20210930
Filing Date 20211103
Fiscal Year 2021
Fiscal Period Q3
XBRL Instance wlkp-20210930_htm.xml
Filing Contents
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $18.65M USD Point-in-time
Receivable under the Investment Management AgreementWestlake Chemical Corporation ("Westlake") ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent $196.25M USD Point-in-time
Receivable under the Investment Management AgreementWestlake Chemical Corporation ("Westlake") ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent $123.23M USD Point-in-time
Accounts receivable, netWestlake AccountsReceivableRelatedPartiesCurrent $57.02M USD Point-in-time
Accounts receivable, netWestlake AccountsReceivableRelatedPartiesCurrent $108.03M USD Point-in-time
Accounts receivable, netthird parties AccountsReceivableNetCurrent $12.17M USD Point-in-time
Accounts receivable, netthird parties AccountsReceivableNetCurrent $11.03M USD Point-in-time
Inventories InventoryNet $6.59M USD Point-in-time
Inventories InventoryNet $3.47M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $392.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $566.00K USD Point-in-time
Total current assets AssetsCurrent $291.24M USD Point-in-time
Total current assets AssetsCurrent $263.31M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.02B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.05B USD Point-in-time
Goodwill Goodwill $5.81M USD Point-in-time
Goodwill Goodwill $5.81M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $41.32M USD Point-in-time
Deferred charges and other assets, net DeferredCostsAndOtherAssets $36.69M USD Point-in-time
Total assets Assets $1.36B USD Point-in-time
Total assets Assets $1.36B USD Point-in-time
Accounts payableWestlake AccountsPayableRelatedPartiesCurrent $7.86M USD Point-in-time
Accounts payableWestlake AccountsPayableRelatedPartiesCurrent $13.26M USD Point-in-time
Accounts payablethird parties AccountsPayableCurrent $13.13M USD Point-in-time
Accounts payablethird parties AccountsPayableCurrent $16.77M USD Point-in-time
Accrued and other liabilities AccruedLiabilitiesCurrent $24.53M USD Point-in-time
Accrued and other liabilities AccruedLiabilitiesCurrent $18.77M USD Point-in-time
Total current liabilities LiabilitiesCurrent $54.56M USD Point-in-time
Total current liabilities LiabilitiesCurrent $39.75M USD Point-in-time
Long-term debt payable to Westlake DueToRelatedPartiesNoncurrent $399.67M USD Point-in-time
Long-term debt payable to Westlake DueToRelatedPartiesNoncurrent $399.67M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.51M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.54M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent - USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $381.00K USD Point-in-time
Total liabilities Liabilities $455.74M USD Point-in-time
Total liabilities Liabilities $441.35M USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Total Westlake Chemical Partners LP partners' capital PartnersCapital $277.40M USD Point-in-time
Total Westlake Chemical Partners LP partners' capital PartnersCapital $281.07M USD Point-in-time
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") MinorityInterestInLimitedPartnerships $623.75M USD Point-in-time
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") MinorityInterestInLimitedPartnerships $637.74M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $952.13M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $951.76M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $915.14M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $904.82M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $935.85M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $938.83M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $913.11M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $950.09M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.36B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.36B USD Point-in-time
Income Statement 64 line items
Line Item Tag Value Unit Period
Net salesWestlake RevenueFromRelatedParties $660.02M USD 3 Qtrs
Net salesWestlake RevenueFromRelatedParties $708.65M USD 3 Qtrs
Net salesWestlake RevenueFromRelatedParties $217.76M USD 1 Quarter
Net salesWestlake RevenueFromRelatedParties $247.89M USD 1 Quarter
Net co-product, ethylene and other salesthird parties RevenueFromContractWithCustomerExcludingAssessedTax $175.76M USD 3 Qtrs
Net co-product, ethylene and other salesthird parties RevenueFromContractWithCustomerExcludingAssessedTax $46.08M USD 1 Quarter
Net co-product, ethylene and other salesthird parties RevenueFromContractWithCustomerExcludingAssessedTax $14.21M USD 1 Quarter
Net co-product, ethylene and other salesthird parties RevenueFromContractWithCustomerExcludingAssessedTax $61.00M USD 3 Qtrs
Total net sales Revenues $721.02M USD 3 Qtrs
Total net sales Revenues $293.97M USD 1 Quarter
Total net sales Revenues $231.97M USD 1 Quarter
Total net sales Revenues $884.40M USD 3 Qtrs
Cost of sales CostOfGoodsAndServicesSold $427.05M USD 3 Qtrs
Cost of sales CostOfGoodsAndServicesSold $131.58M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $218.04M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $589.75M USD 3 Qtrs
Gross profit GrossProfit $75.93M USD 1 Quarter
Gross profit GrossProfit $294.66M USD 3 Qtrs
Gross profit GrossProfit $293.97M USD 3 Qtrs
Gross profit GrossProfit $100.39M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $24.73M USD 3 Qtrs
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $7.79M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $18.59M USD 3 Qtrs
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $6.25M USD 1 Quarter
Income from operations OperatingIncomeLoss $68.14M USD 1 Quarter
Income from operations OperatingIncomeLoss $275.38M USD 3 Qtrs
Income from operations OperatingIncomeLoss $94.14M USD 1 Quarter
Income from operations OperatingIncomeLoss $269.92M USD 3 Qtrs
Interest expenseWestlake InterestExpenseRelatedParty $9.70M USD 3 Qtrs
Interest expenseWestlake InterestExpenseRelatedParty $2.32M USD 1 Quarter
Interest expenseWestlake InterestExpenseRelatedParty $6.65M USD 3 Qtrs
Interest expenseWestlake InterestExpenseRelatedParty $2.19M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $52.00K USD 3 Qtrs
Other income, net NonoperatingIncomeExpense $725.00K USD 3 Qtrs
Other income, net NonoperatingIncomeExpense $24.00K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $17.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $263.32M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $266.40M USD 3 Qtrs
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $65.97M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $91.83M USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $408.00K USD 3 Qtrs
Income tax provision (benefit) IncomeTaxExpenseBenefit $-15.00K USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $-105.00K USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $333.00K USD 3 Qtrs
Net income ProfitLoss $93.77M USD 1 Quarter
Net income ProfitLoss $120.29M USD 1 Quarter
Net income ProfitLoss $91.85M USD 1 Quarter
Net income ProfitLoss $80.38M USD 1 Quarter
Net income ProfitLoss $66.08M USD 1 Quarter
Net income ProfitLoss $262.99M USD 3 Qtrs
Net income ProfitLoss $76.62M USD 1 Quarter
Net income ProfitLoss $266.00M USD 3 Qtrs
Less: Net income attributable to noncontrolling interest in OpCo NetIncomeLossAttributableToNoncontrollingInterest $73.31M USD 1 Quarter
Less: Net income attributable to noncontrolling interest in OpCo NetIncomeLossAttributableToNoncontrollingInterest $209.96M USD 3 Qtrs
Less: Net income attributable to noncontrolling interest in OpCo NetIncomeLossAttributableToNoncontrollingInterest $53.28M USD 1 Quarter
Less: Net income attributable to noncontrolling interest in OpCo NetIncomeLossAttributableToNoncontrollingInterest $214.85M USD 3 Qtrs
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income NetIncomeLoss $53.03M USD 3 Qtrs
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income NetIncomeLoss $18.54M USD 1 Quarter
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income NetIncomeLoss $51.14M USD 3 Qtrs
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income NetIncomeLoss $12.79M USD 1 Quarter
Weighted average limited partner units outstanding (basic and diluted) (in units) WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted 35.19M shares 1 Quarter
Weighted average limited partner units outstanding (basic and diluted) (in units) WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted 35.21M shares 1 Quarter
Weighted average limited partner units outstanding (basic and diluted) (in units) WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted 35.19M shares 3 Qtrs
Weighted average limited partner units outstanding (basic and diluted) (in units) WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted 35.20M shares 3 Qtrs
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $93.77M USD 1 Quarter
Net income ProfitLoss $120.29M USD 1 Quarter
Net income ProfitLoss $91.85M USD 1 Quarter
Net income ProfitLoss $80.38M USD 1 Quarter
Net income ProfitLoss $66.08M USD 1 Quarter
Net income ProfitLoss $262.99M USD 3 Qtrs
Net income ProfitLoss $76.62M USD 1 Quarter
Net income ProfitLoss $266.00M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $82.83M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $77.77M USD 3 Qtrs
Loss from disposition of property, plant and equipment GainLossOnDispositionOfAssets $-1.00M USD 3 Qtrs
Loss from disposition of property, plant and equipment GainLossOnDispositionOfAssets $-1.76M USD 3 Qtrs
Other gains, net OtherNoncashIncomeExpense $-866.00K USD 3 Qtrs
Other gains, net OtherNoncashIncomeExpense $522.00K USD 3 Qtrs
Accounts receivablethird parties IncreaseDecreaseInAccountsAndOtherReceivables $2.04M USD 3 Qtrs
Accounts receivablethird parties IncreaseDecreaseInAccountsAndOtherReceivables $-5.17M USD 3 Qtrs
Net accounts receivableWestlake IncreaseDecreaseInAccountsReceivableRelatedParties $10.14M USD 3 Qtrs
Net accounts receivableWestlake IncreaseDecreaseInAccountsReceivableRelatedParties $-56.23M USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $-832.00K USD 3 Qtrs
Inventories IncreaseDecreaseInInventories $3.12M USD 3 Qtrs
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets $174.00K USD 3 Qtrs
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets $87.00K USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $711.00K USD 3 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $2.69M USD 3 Qtrs
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $1.40M USD 3 Qtrs
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $3.69M USD 3 Qtrs
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $19.15M USD 3 Qtrs
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $1.25M USD 3 Qtrs
Cash flows from investing activities NetCashProvidedByUsedInOperatingActivities $386.58M USD 3 Qtrs
Cash flows from investing activities NetCashProvidedByUsedInOperatingActivities $340.88M USD 3 Qtrs
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $38.49M USD 3 Qtrs
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $29.17M USD 3 Qtrs
Maturities of investments with Westlake under the Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement $276.00M USD 3 Qtrs
Maturities of investments with Westlake under the Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement $203.00M USD 3 Qtrs
Investments with Westlake under the Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement $305.00M USD 3 Qtrs
Investments with Westlake under the Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement $276.00M USD 3 Qtrs
Other CashProvidedbyUsedinInvestingActivitiesOther $126.00K USD 3 Qtrs
Other CashProvidedbyUsedinInvestingActivitiesOther - USD 3 Qtrs
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-58.17M USD 3 Qtrs
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-111.36M USD 3 Qtrs
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake PaymentsToMinorityShareholders $223.94M USD 3 Qtrs
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake PaymentsToMinorityShareholders $229.53M USD 3 Qtrs
Quarterly distributions to unitholders DistributionMadeToLimitedPartnerCashDistributionsPaid $49.77M USD 3 Qtrs
Quarterly distributions to unitholders DistributionMadeToLimitedPartnerCashDistributionsPaid $49.78M USD 3 Qtrs
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-279.30M USD 3 Qtrs
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-273.72M USD 3 Qtrs
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $3.41M USD 3 Qtrs
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.49M USD 3 Qtrs
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $18.65M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $23.33M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.92M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $17.15M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $18.65M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $23.33M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $19.92M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $17.15M USD Point-in-time
Stockholders Equity 38 line items
Line Item Tag Value Unit Period
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $952.13M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $951.76M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $915.14M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $904.82M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $935.85M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $938.83M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $913.11M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $950.09M USD Point-in-time
Net income ProfitLoss $93.77M USD 1 Quarter
Net income ProfitLoss $120.29M USD 1 Quarter
Net income ProfitLoss $91.85M USD 1 Quarter
Net income ProfitLoss $80.38M USD 1 Quarter
Net income ProfitLoss $66.08M USD 1 Quarter
Net income ProfitLoss $262.99M USD 3 Qtrs
Net income ProfitLoss $76.62M USD 1 Quarter
Net income ProfitLoss $266.00M USD 3 Qtrs
Units issued for vested phantom units StockIssuedDuringPeriodValueOther $149.00K USD 1 Quarter
Units issued for vested phantom units StockIssuedDuringPeriodValueOther $262.00K USD 1 Quarter
Quarterly distribution to unitholders LimitedPartnersCapitalAccountDistributionAmount $16.59M USD 1 Quarter
Quarterly distribution to unitholders LimitedPartnersCapitalAccountDistributionAmount $16.59M USD 1 Quarter
Quarterly distribution to unitholders LimitedPartnersCapitalAccountDistributionAmount $16.59M USD 1 Quarter
Quarterly distribution to unitholders LimitedPartnersCapitalAccountDistributionAmount $16.59M USD 1 Quarter
Quarterly distribution to unitholders LimitedPartnersCapitalAccountDistributionAmount $16.59M USD 1 Quarter
Quarterly distribution to unitholders LimitedPartnersCapitalAccountDistributionAmount $16.59M USD 1 Quarter
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $79.22M USD 1 Quarter
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $62.06M USD 1 Quarter
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $96.68M USD 1 Quarter
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $72.28M USD 1 Quarter
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $65.20M USD 1 Quarter
Quarterly distribution to noncontrolling interest retained in OpCo by Westlake MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $78.03M USD 1 Quarter
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $952.13M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $951.76M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $915.14M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $904.82M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $935.85M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $938.83M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $913.11M USD Point-in-time
Total equity PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest $950.09M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...