Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 3/31/2018 USD 2018 Q1 YTD 3/31/2018 USD

ASSETS

Current assets

Cash and cash equivalents 133,750 169,559 88,900 27,008 24,980
Receivable under the Investment Management Agreement-Westlake Chemical Corporation ("Westlake") NA NA 0 136,510 134,712
Accounts receivable, net-Westlake 18,529 39,655 126,977 43,884 43,257
Accounts receivable, net-third parties 37,520 11,927 12,085 18,083 19,017
Inventories 6,634 3,879 3,934 5,590 5,171
Prepaid expenses and other current assets 212 267 269 314 161
Total current assets 196,645 225,287 232,165 231,389 227,298
Property, plant and equipment, net 842,057 1,020,469 1,222,238 1,196,245 1,183,409
Goodwill 5,814 5,814 5,814 5,814 5,814
Deferred charges and other assets, net 51,919 38,779 95,011 81,828 76,083
Total other assets, net 57,733 44,593 NA NA NA
Total assets 1,096,435 1,290,349 1,555,228 1,515,276 1,492,604

LIABILITIES

Current liabilities

Accounts payable-Westlake 7,470 15,550 12,130 14,027 14,339
Accounts payable-third parties 12,614 18,737 9,930 10,516 7,798
Accrued liabilities 11,900 23,407 15,717 15,697 15,150
Total current liabilities 31,984 57,694 37,777 40,240 37,287
Long-term debt payable to Westlake 227,638 384,006 594,629 473,960 477,608
Deferred income taxes 1,848 1,392 1,736 2,220 2,272
Other liabilities 15 90 123 107 114
Total liabilities 261,485 443,182 634,265 516,527 517,281

EQUITY

Common unitholders-public 290,377 294,565 297,367 411,228 410,786
Common unitholder-Westlake 4,038 4,502 4,813 50,265 49,872
Subordinated unitholder-Westlake 35,681 39,786 42,534 NA NA
General partner-Westlake (242,572) (242,572) (242,430) (241,958) (241,839)
Accumulated other comprehensive income 0 280 200 279 298
Total Westlake Chemical Partners LP partners' capital 87,524 96,561 102,484 219,814 219,117
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") 747,426 750,606 818,479 778,935 756,206
Total equity 834,950 847,167 920,963 998,749 975,323
Total liabilities and equity 1,096,435 1,290,349 1,555,228 1,515,276 1,492,604
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.