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 3/31/2017 USD 2017 Q1 YTD 3/31/2017 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 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD

ASSETS

Current assets

Cash and cash equivalents
Cash and cash equivalents NA 133,750 169,559 88,900 122,974
Predecessor 0 NA NA NA NA
Accounts receivable-Westlake Chemical Corporation ("Westlake") NA 18,529 39,655 126,977 82,065
Accounts receivable, net-third parties
Accounts receivable, net-third parties NA 37,520 11,927 12,085 19,863
Predecessor 71,812 NA NA NA NA
Inventories
Inventories NA 6,634 3,879 3,934 4,776
Predecessor 116,377 NA NA NA NA
Prepaid expenses and other current assets
Prepaid expenses and other current assets NA 212 267 269 154
Predecessor 257 NA NA NA NA
Total current assets
Total current assets NA 196,645 225,287 232,165 229,832
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 1,223,239
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 97,915
Predecessor 69,324 NA NA NA NA
Total other assets, net
Total other assets, net NA 57,733 44,593 100,825 103,729
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 1,556,800
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 7,228
Predecessor 0 NA NA NA NA
Accounts payable-third parties
Accounts payable-third parties NA 12,614 18,737 9,930 15,295
Predecessor 122,564 NA NA NA NA
Accrued liabilities
Accrued liabilities NA 11,900 23,407 15,717 24,122
Predecessor 26,688 NA NA NA NA
Total current liabilities
Total current liabilities NA 31,984 57,694 37,777 46,645
Predecessor 149,252 NA NA NA NA

Long-term debt payable to Westlake

Long-term debt payable to Westlake NA 227,638 384,006 594,629 600,206
Predecessor 252,973 NA NA NA NA

Deferred income taxes

Deferred income taxes NA 1,848 1,392 1,736 1,828
Predecessor 182,855 NA NA NA NA

Other liabilities

Other liabilities NA 15 90 123 136
Predecessor 962 NA NA NA NA

Total liabilities

Total liabilities NA 261,485 443,182 634,265 648,815
Predecessor 586,042 NA NA NA NA

EQUITY

Common unitholders-public NA 290,377 294,565 297,367 297,462
Common unitholder-Westlake NA 4,038 4,502 4,813 4,823
Subordinated unitholder-Westlake NA 35,681 39,786 42,534 42,626
General partner-Westlake NA (242,572) (242,572) (242,430) (242,341)
Accumulated other comprehensive income NA 0 280 200 289
Total Westlake Chemical Partners LP partners' capital NA 87,524 96,561 102,484 102,859
Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") NA 747,426 750,606 818,479 805,126
Total equity NA 834,950 847,167 920,963 907,985
Total liabilities and equity 1,041,474 1,096,435 1,290,349 1,555,228 1,556,800

EQUITY

Net investment

Predecessor 455,432 NA NA NA NA

Common unitholders-public

Predecessor 0 NA NA NA NA

Common unitholder-Westlake

Predecessor 0 NA NA NA NA

Subordinated unitholder-Westlake

Predecessor 0 NA NA NA NA

General partner-Westlake

Predecessor 0 NA NA NA NA

Total Westlake Chemical Partners LP partners' capital

Predecessor 455,432 NA NA NA NA

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

Predecessor 0 NA NA NA NA

Total equity

Predecessor 455,432 NA NA NA NA
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.