Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

ASSETS

Current assets

Cash and cash equivalents
Cash and cash equivalents NA 133,750 169,559 88,900 104,939
Predecessor 0 NA NA NA NA
Accounts receivable-Westlake Chemical Corporation ("Westlake") NA 18,529 39,655 126,977 79,367
Accounts receivable, net-third parties
Accounts receivable, net-third parties NA 37,520 11,927 12,085 14,720
Predecessor 71,812 NA NA NA NA
Inventories
Inventories NA 6,634 3,879 3,934 4,558
Predecessor 116,377 NA NA NA NA
Prepaid expenses and other current assets
Prepaid expenses and other current assets NA 212 267 269 45
Predecessor 257 NA NA NA NA
Total current assets
Total current assets NA 196,645 225,287 232,165 203,629
Predecessor 192,894 NA NA NA NA
Accounts receivable, net-Westlake Chemical Corporation ("Westlake")
Predecessor 0 NA NA NA NA
Deferred income taxes
Predecessor 4,448 NA NA NA NA

Property, plant and equipment, net

Property, plant and equipment, net NA 842,057 1,020,469 1,222,238 1,220,393
Predecessor 762,972 NA NA NA NA

Other assets, net

Goodwill NA 5,814 5,814 5,814 5,814
Deferred charges and other assets, net
Deferred charges and other assets, net NA 51,919 38,779 95,011 92,741
Predecessor 69,324 NA NA NA NA
Total other assets, net
Total other assets, net NA 57,733 44,593 100,825 98,555
Predecessor 75,197 NA NA NA NA
Goodwill and intangible assets, net
Predecessor 5,873 NA NA NA NA

Total assets

Total assets NA 1,096,435 1,290,349 1,555,228 1,522,577
Predecessor 1,041,474 NA NA NA NA

Equity investment

Predecessor 10,411 NA NA NA NA

LIABILITIES

Current liabilities

Accounts payable-Westlake
Accounts payable-Westlake NA 7,470 15,550 12,130 14,058
Predecessor 0 NA NA NA NA
Accounts payable-third parties
Accounts payable-third parties NA 12,614 18,737 9,930 7,102
Predecessor 122,564 NA NA NA NA
Accrued liabilities
Accrued liabilities NA 11,900 23,407 15,717 15,230
Predecessor 26,688 NA NA NA NA
Total current liabilities
Total current liabilities NA 31,984 57,694 37,777 36,390
Predecessor 149,252 NA NA NA NA

Long-term debt payable to Westlake

Long-term debt payable to Westlake NA 227,638 384,006 594,629 588,280
Predecessor 252,973 NA NA NA NA

Deferred income taxes

Deferred income taxes NA 1,848 1,392 1,736 1,936
Predecessor 182,855 NA NA NA NA

Other liabilities

Other liabilities NA 15 90 123 168
Predecessor 962 NA NA NA NA

Total liabilities

Total liabilities NA 261,485 443,182 634,265 626,774
Predecessor 586,042 NA NA NA NA

EQUITY

Common unitholders-public

Common unitholders-public NA 290,377 294,565 297,367 297,486
Predecessor 0 NA NA NA NA

Common unitholder-Westlake

Common unitholder-Westlake NA 4,038 4,502 4,813 4,825
Predecessor 0 NA NA NA NA

Subordinated unitholder-Westlake

Subordinated unitholder-Westlake NA 35,681 39,786 42,534 42,649
Predecessor 0 NA NA NA NA

General partner-Westlake

General partner-Westlake NA (242,572) (242,572) (242,430) (242,250)
Predecessor 0 NA NA NA NA
Accumulated other comprehensive income NA 0 280 200 243

Total Westlake Chemical Partners LP partners' capital

Total Westlake Chemical Partners LP partners' capital NA 87,524 96,561 102,484 102,953
Predecessor 455,432 NA NA NA NA

Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo")

Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") NA 747,426 750,606 818,479 792,850
Predecessor 0 NA NA NA NA

Total equity

Total equity NA 834,950 847,167 920,963 895,803
Predecessor 455,432 NA NA NA NA

Net investment

Predecessor 455,432 NA NA NA NA
Total liabilities and equity 1,041,474 1,096,435 1,290,349 1,555,228 1,522,577
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.