$WLKP
Westlake Chemical Partners LP

2014 Q3 Form 10-Q Financial Statement

#000160466514000011 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $392.0M
YoY Change
Cost Of Revenue $227.0M
YoY Change
Gross Profit $165.0M
YoY Change
Gross Profit Margin 42.09%
Selling, General & Admin $8.860M
YoY Change
% of Gross Profit 5.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.90M $14.58M
YoY Change 2.2%
% of Gross Profit 9.03%
Operating Expenses $8.860M
YoY Change
Operating Profit $156.1M
YoY Change
Interest Expense -$2.100M
YoY Change
% of Operating Profit -1.35%
Other Income/Expense, Net $486.0K
YoY Change
Pretax Income $154.5M
YoY Change
Income Tax $36.31M
% Of Pretax Income 23.5%
Net Earnings $118.2M
YoY Change
Net Earnings / Revenue 30.15%
Basic Earnings Per Share
Diluted Earnings Per Share $2.531M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.00M
YoY Change
Cash & Equivalents $89.99M
Short-Term Investments
Other Short-Term Assets $300.0K
YoY Change
Inventory $5.551M
Prepaid Expenses
Receivables $58.10M
Other Receivables $0.00
Total Short-Term Assets $153.9M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $806.6M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $61.68M
YoY Change
Total Long-Term Assets $868.3M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $153.9M
Total Long-Term Assets $868.3M
Total Assets $1.022B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.83M
YoY Change
Accrued Expenses $3.999M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.95M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $188.5M
YoY Change
Other Long-Term Liabilities $5.000K
YoY Change
Total Long-Term Liabilities $5.000K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $34.95M
Total Long-Term Liabilities $5.000K
Total Liabilities $225.0M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $83.60M
YoY Change
Total Liabilities & Shareholders Equity $1.022B
YoY Change

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $118.2M
YoY Change
Depreciation, Depletion And Amortization $14.90M $14.58M
YoY Change 2.2%
Cash From Operating Activities $107.1M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$38.10M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $200.0K
YoY Change
Cash From Investing Activities -$38.00M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.90M
YoY Change
NET CHANGE
Cash From Operating Activities 107.1M
Cash From Investing Activities -38.00M
Cash From Financing Activities 20.90M
Net Change In Cash 90.00M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $107.1M
Capital Expenditures -$38.10M
Free Cash Flow $145.2M
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccountsPayableCurrent
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CY2014Q3 us-gaap Accounts Payable Related Parties Current
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CY2014Q3 us-gaap Accounts Receivable Related Parties Current
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CY2014Q3 us-gaap Accrued Liabilities Current
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CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2014Q3 us-gaap Assets
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CY2014Q3 us-gaap Assets Current
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CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2014Q3 us-gaap Cash Equivalents At Carrying Value
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CY2014Q3 us-gaap Commitments And Contingencies
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Depreciation
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us-gaap Depreciation
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Depreciation
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us-gaap Depreciation Depletion And Amortization
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CY2014Q3 us-gaap Distributed Earnings
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Interest Expense Related Party
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CY2014Q3 us-gaap Inventory Work In Process And Raw Materials
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CY2014Q3 us-gaap Liabilities
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CY2014Q3 us-gaap Liabilities Current
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us-gaap Proceeds From Issuance Of Common Limited Partners Units
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us-gaap Proceeds From Related Party Debt
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CY2014Q3 us-gaap Profit Loss
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2014Q3 us-gaap Minority Interest In Limited Partnerships
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Nonoperating Income Expense
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CY2014Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2014Q3 us-gaap Other Liabilities Noncurrent
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us-gaap Partners Capital Account Contributions
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us-gaap Partners Capital Account Distributions
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us-gaap Partners Capital Account Distributions
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us-gaap Partners Capital Account Public Sale Of Units
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CY2014Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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CY2013Q3 us-gaap Partners Capital Including Portion Attributable To Noncontrolling Interest
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us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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us-gaap Payments Of Distributions To Affiliates
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2014Q3 us-gaap Prepaid Expense And Other Assets Current
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CY2014Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2014Q3 us-gaap Property Plant And Equipment Net
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CY2014Q3 us-gaap Receivables Net Current
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us-gaap Repayments Of Related Party Debt
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us-gaap Revenue From Related Parties
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us-gaap Sales Revenue Net
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us-gaap Selling General And Administrative Expense
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UndistributedEarnings
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CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2014Q3 wlkp Income Loss From Continuing Operations Before Income Taxes
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wlkp Income Loss From Continuing Operations Before Income Taxes
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wlkp Increase Decrease In Prepaid Expenses And Other Current Assets
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wlkp Increase Decreasein Capital Expenditure Accrual
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wlkp Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
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CY2014Q3 wlkp Inventory Supplies
InventorySupplies
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CY2014Q3 wlkp Net Investment In Partnership
NetInvestmentInPartnership
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CY2014Q3 wlkp Other Receivables Current
OtherReceivablesCurrent
0 USD
wlkp Partners Capital Predecessor Net Liabilities Not Assumed By Subsidiary
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CY2014Q3 wlkp Paymentsof Unit Issuance Costs
PaymentsofUnitIssuanceCosts
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wlkp Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
65000 USD
CY2014Q3 wlkp Trade Customer And Affiliate Receivable Net Current
TradeCustomerAndAffiliateReceivableNetCurrent
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001604665
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
WESTLAKE CHEMICAL PARTNERS LP
dei Trading Symbol
TradingSymbol
WLKP

Files In Submission

Name View Source Status
0001604665-14-000011-index-headers.html Edgar Link pending
0001604665-14-000011-index.html Edgar Link pending
0001604665-14-000011.txt Edgar Link pending
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a2014093010q.htm Edgar Link pending
exhibit311_20140930.htm Edgar Link pending
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report.css Edgar Link pending
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wlkp-20140930.xml Edgar Link completed
wlkp-20140930.xsd Edgar Link pending
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wlkp-20140930_pre.xml Edgar Link unprocessable