Financial Statements

As Reported Financials

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

ASSETS

Current assets

Cash and cash equivalents 169,559 88,900 27,008 19,744
Receivable under the Investment Management Agreement-Westlake Chemical Corporation NA 0 136,510 148,956
Accounts receivable, net-Westlake Chemical Corporation 39,655 126,977 43,884 57,280
Accounts receivable, net-third parties 11,927 12,085 18,083 16,404
Inventories 3,879 3,934 5,590 4,388
Prepaid expenses and other current assets 267 269 314 370
Total current assets 225,287 232,165 231,389 247,142
Property, plant and equipment, net 1,020,469 1,222,238 1,196,245 1,148,265
Goodwill 5,814 5,814 5,814 5,814
Deferred charges and other assets, net 38,779 95,011 81,828 60,904
Total other assets, net 44,593 NA NA NA
Total assets 1,290,349 1,555,228 1,515,276 1,462,125

LIABILITIES

Current liabilities

Accounts payable-Westlake 15,550 12,130 14,027 27,477
Accounts payable-third parties 18,737 9,930 10,516 5,045
Accrued liabilities 23,407 15,717 15,697 16,250
Total current liabilities 57,694 37,777 40,240 48,772
Long-term debt payable to Westlake 384,006 594,629 473,960 477,608
Deferred income taxes 1,392 1,736 2,220 1,664
Other liabilities 90 123 107 0
Total liabilities 443,182 634,265 516,527 528,044

EQUITY

Common unitholders 294,565 297,367 411,228 409,608
Common unitholder-Westlake 4,502 4,813 50,265 48,774
Subordinated unitholder-Westlake 39,786 42,534 NA NA
General partner-Westlake (242,572) (242,430) (241,958) (242,572)
Accumulated other comprehensive income 280 200 279 0
Total Westlake Chemical Partners LP partners' capital 96,561 102,484 219,814 215,810
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") 750,606 818,479 778,935 718,271
Total equity 847,167 920,963 998,749 934,081
Total liabilities and equity 1,290,349 1,555,228 1,515,276 1,462,125
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.