$WLKP
Westlake Chemical Partners LP

2015 Q1 Form 10-Q Financial Statement

#000160466515000014 Filed on May 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $258.4M $560.0M
YoY Change -53.86% 11.8%
Cost Of Revenue $162.2M $327.7M
YoY Change -50.51% 5.4%
Gross Profit $96.23M $232.3M
YoY Change -58.58% 22.26%
Gross Profit Margin 37.24% 41.48%
Selling, General & Admin $6.000M $7.800M
YoY Change -23.08% 25.81%
% of Gross Profit 6.24% 3.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.80M $19.00M
YoY Change 4.23% 18.75%
% of Gross Profit 20.58% 8.18%
Operating Expenses $6.000M $7.800M
YoY Change -23.08% 25.81%
Operating Profit $90.23M $224.5M
YoY Change -59.81% 22.14%
Interest Expense -$1.400M -$3.600M
YoY Change -61.11% 260.0%
% of Operating Profit -1.55% -1.6%
Other Income/Expense, Net $5.000K $1.300M
YoY Change -99.62% -67.5%
Pretax Income $88.86M $222.2M
YoY Change -60.01% 18.89%
Income Tax $467.0K $78.30M
% Of Pretax Income 0.53% 35.24%
Net Earnings $8.500M $143.9M
YoY Change -94.09% 19.2%
Net Earnings / Revenue 3.29% 25.69%
Basic Earnings Per Share
Diluted Earnings Per Share $313.7K $5.665M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.9M
YoY Change
Cash & Equivalents $144.9M
Short-Term Investments
Other Short-Term Assets $100.0K $4.900M
YoY Change -97.96%
Inventory $4.564M $85.70M
Prepaid Expenses
Receivables $55.00M $53.00M
Other Receivables $0.00 $1.700M
Total Short-Term Assets $204.6M $145.3M
YoY Change 40.8%
LONG-TERM ASSETS
Property, Plant & Equipment $866.5M $794.2M
YoY Change 9.11%
Goodwill $5.814M
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.30M
YoY Change
Other Assets $53.83M $64.70M
YoY Change -16.8%
Total Long-Term Assets $920.4M $875.1M
YoY Change 5.17%
TOTAL ASSETS
Total Short-Term Assets $204.6M $145.3M
Total Long-Term Assets $920.4M $875.1M
Total Assets $1.125B $1.020B
YoY Change 10.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.57M $96.60M
YoY Change -83.88%
Accrued Expenses $6.590M $27.30M
YoY Change -75.86%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.58M $123.9M
YoY Change -72.09%
LONG-TERM LIABILITIES
Long-Term Debt $257.8M $302.4M
YoY Change -14.75%
Other Long-Term Liabilities $28.00K $900.0K
YoY Change -96.89%
Total Long-Term Liabilities $28.00K $303.3M
YoY Change -99.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.58M $123.9M
Total Long-Term Liabilities $28.00K $303.3M
Total Liabilities $294.3M $613.3M
YoY Change -52.01%
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 $88.60M $407.1M
YoY Change
Total Liabilities & Shareholders Equity $1.125B $1.020B
YoY Change 10.25%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $8.500M $143.9M
YoY Change -94.09% 19.2%
Depreciation, Depletion And Amortization $19.80M $19.00M
YoY Change 4.23% 18.75%
Cash From Operating Activities $113.2M $197.9M
YoY Change -42.78% 21.41%
INVESTING ACTIVITIES
Capital Expenditures $39.54M -$51.30M
YoY Change -177.08% -21.2%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$400.0K
YoY Change -100.0% -42.86%
Cash From Investing Activities -$39.54M -$51.70M
YoY Change -23.52% -21.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$62.53M -146.2M
YoY Change -57.23% 50.26%
NET CHANGE
Cash From Operating Activities $113.2M 197.9M
Cash From Investing Activities -$39.54M -51.70M
Cash From Financing Activities -$62.53M -146.2M
Net Change In Cash $11.17M 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $113.2M $197.9M
Capital Expenditures $39.54M -$51.30M
Free Cash Flow $73.70M $249.2M
YoY Change -70.43% 9.25%

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