2015 Q2 Form 10-Q Financial Statement
#000160466515000019 Filed on August 05, 2015
Income Statement
Concept | 2015 Q2 |
---|---|
Revenue | $251.7M |
YoY Change | -51.98% |
Cost Of Revenue | $157.2M |
YoY Change | -43.38% |
Gross Profit | $94.53M |
YoY Change | -61.66% |
Gross Profit Margin | 37.56% |
Selling, General & Admin | $5.995M |
YoY Change | -2.76% |
% of Gross Profit | 6.34% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $16.18M |
YoY Change | 2.94% |
% of Gross Profit | 17.12% |
Operating Expenses | $5.995M |
YoY Change | -2.76% |
Operating Profit | $88.53M |
YoY Change | -63.17% |
Interest Expense | -$1.400M |
YoY Change | -65.85% |
% of Operating Profit | -1.58% |
Other Income/Expense, Net | $33.00K |
YoY Change | -97.64% |
Pretax Income | $87.20M |
YoY Change | -63.31% |
Income Tax | -$41.00K |
% Of Pretax Income | -0.05% |
Net Earnings | $10.44M |
YoY Change | -93.21% |
Net Earnings / Revenue | 4.15% |
Basic Earnings Per Share | |
Diluted Earnings Per Share | $383.8K |
COMMON SHARES | |
Basic Shares Outstanding | |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2015 Q2 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $137.3M |
YoY Change | |
Cash & Equivalents | $137.3M |
Short-Term Investments | |
Other Short-Term Assets | $0.00 |
YoY Change | -100.0% |
Inventory | $3.856M |
Prepaid Expenses | |
Receivables | $58.00M |
Other Receivables | $0.00 |
Total Short-Term Assets | $199.1M |
YoY Change | 22.07% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $914.3M |
YoY Change | 9.41% |
Goodwill | $5.814M |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | |
YoY Change | |
Other Assets | $50.02M |
YoY Change | -24.28% |
Total Long-Term Assets | $964.3M |
YoY Change | 5.74% |
TOTAL ASSETS | |
Total Short-Term Assets | $199.1M |
Total Long-Term Assets | $964.3M |
Total Assets | $1.163B |
YoY Change | 8.22% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $22.42M |
YoY Change | -80.36% |
Accrued Expenses | $17.46M |
YoY Change | -40.05% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $54.40M |
YoY Change | -62.04% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $281.0M |
YoY Change | -22.93% |
Other Long-Term Liabilities | $35.00K |
YoY Change | -96.38% |
Total Long-Term Liabilities | $35.00K |
YoY Change | -96.38% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $54.40M |
Total Long-Term Liabilities | $35.00K |
Total Liabilities | $337.0M |
YoY Change | -51.75% |
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 | $91.40M |
YoY Change | |
Total Liabilities & Shareholders Equity | $1.163B |
YoY Change | 8.22% |
Cashflow Statement
Concept | 2015 Q2 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $10.44M |
YoY Change | -93.21% |
Depreciation, Depletion And Amortization | $16.18M |
YoY Change | 2.94% |
Cash From Operating Activities | $116.7M |
YoY Change | -35.52% |
INVESTING ACTIVITIES | |
Capital Expenditures | -$56.00M |
YoY Change | 2.0% |
Acquisitions | |
YoY Change | |
Other Investing Activities | $0.00 |
YoY Change | -100.0% |
Cash From Investing Activities | -$56.00M |
YoY Change | 2.19% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -68.30M |
YoY Change | -45.88% |
NET CHANGE | |
Cash From Operating Activities | 116.7M |
Cash From Investing Activities | -56.00M |
Cash From Financing Activities | -68.30M |
Net Change In Cash | -7.600M |
YoY Change | -51002736640000220.0% |
FREE CASH FLOW | |
Cash From Operating Activities | $116.7M |
Capital Expenditures | -$56.00M |
Free Cash Flow | $172.7M |
YoY Change | -26.79% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.002 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-06-30 | ||
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 | ||
CY2014Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
12614000 | USD |
CY2015Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
22418000 | USD |
CY2014Q4 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
7470000 | USD |
CY2015Q2 | us-gaap |
Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
|
14523000 | USD |
CY2014Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
37514000 | USD |
CY2015Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
22245000 | USD |
CY2014Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
18529000 | USD |
CY2015Q2 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
35882000 | USD |
CY2014Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
11900000 | USD |
CY2015Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
17456000 | USD |
CY2014Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
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Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
170000 | USD |
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Assets
Assets
|
1096435000 | USD |
CY2015Q2 | us-gaap |
Assets
Assets
|
1163422000 | USD |
CY2014Q4 | us-gaap |
Assets Current
AssetsCurrent
|
196645000 | USD |
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Assets Current
AssetsCurrent
|
199134000 | USD |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
133750000 | USD |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
137291000 | USD |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
3541000 | USD | |
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Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2015Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
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Cost Of Goods Sold
CostOfGoodsSold
|
157177000 | USD |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
319341000 | USD | |
CY2014Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
51919000 | USD |
CY2015Q2 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
44204000 | USD |
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-234000 | USD | |
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Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
1848000 | USD |
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Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
1614000 | USD |
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Depreciation
Depreciation
|
16182000 | USD |
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Depreciation
Depreciation
|
31775000 | USD | |
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
40195000 | USD | |
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Distributed Earnings
DistributedEarnings
|
7874000 | USD |
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Distributed Earnings
DistributedEarnings
|
15529000 | USD | |
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Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
15097000 | USD | |
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Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
227638000 | USD |
CY2015Q2 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
280992000 | USD |
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.39 | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.70 | ||
CY2015Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-124000 | USD | |
CY2014Q4 | us-gaap |
Goodwill
Goodwill
|
5814000 | USD |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
5814000 | USD |
CY2015Q2 | us-gaap |
Gross Profit
GrossProfit
|
94528000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
190755000 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
87202000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
176058000 | USD | |
us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
0 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-41000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
426000 | USD | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-15275000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
4407000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
|
10300000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
2379000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2778000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
709000 | USD | |
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Interest Expense Related Party
InterestExpenseRelatedParty
|
1364000 | USD |
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Interest Expense Related Party
InterestExpenseRelatedParty
|
2740000 | USD | |
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Inventory Finished Goods
InventoryFinishedGoods
|
6257000 | USD |
CY2015Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
3596000 | USD |
CY2014Q4 | us-gaap |
Inventory Net
InventoryNet
|
6634000 | USD |
CY2015Q2 | us-gaap |
Inventory Net
InventoryNet
|
3856000 | USD |
CY2014Q4 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
377000 | USD |
CY2015Q2 | us-gaap |
Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
|
260000 | USD |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
261485000 | USD |
CY2015Q2 | us-gaap |
Liabilities
Liabilities
|
337038000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1096435000 | USD |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1163422000 | USD |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
31984000 | USD |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
54397000 | USD |
us-gaap |
Limited Partners Capital Account Distribution Amount
LimitedPartnersCapitalAccountDistributionAmount
|
15097000 | USD | |
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Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
169101000 | USD | |
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Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
|
747426000 | USD |
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Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
|
735014000 | USD |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-130844000 | USD | |
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
229899000 | USD | |
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Net Income Loss
NetIncomeLoss
|
10443000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
18943000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
76800000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
156689000 | USD | |
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
33000 | USD |
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
38000 | USD | |
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Operating Income Loss
OperatingIncomeLoss
|
88533000 | USD |
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Operating Income Loss
OperatingIncomeLoss
|
178760000 | USD | |
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Other Assets Noncurrent
OtherAssetsNoncurrent
|
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Other Assets Noncurrent
OtherAssetsNoncurrent
|
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Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
15000 | USD |
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Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
35000 | USD |
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Other Sales Revenue Net
OtherSalesRevenueNet
|
47036000 | USD |
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Other Sales Revenue Net
OtherSalesRevenueNet
|
96514000 | USD | |
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Partners Capital
PartnersCapital
|
87524000 | USD |
CY2015Q2 | us-gaap |
Partners Capital
PartnersCapital
|
91370000 | USD |
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Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
376613000 | USD | |
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Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
455432000 | USD |
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Partners Capital Including Portion Attributable To Noncontrolling Interest
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|
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Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
834950000 | USD |
CY2015Q2 | us-gaap |
Partners Capital Including Portion Attributable To Noncontrolling Interest
PartnersCapitalIncludingPortionAttributableToNoncontrollingInterest
|
826384000 | USD |
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Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
0 | USD | |
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Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
0 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
95514000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
169101000 | USD | |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
212000 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
30000 | USD |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
188695000 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
297718000 | USD | |
CY2015Q2 | us-gaap |
Profit Loss
ProfitLoss
|
87243000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
175632000 | USD | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
842057000 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
914270000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
170000 | USD | |
CY2014Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
37520000 | USD |
CY2015Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
22075000 | USD |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
0 | USD | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
135341000 | USD | |
CY2015Q2 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
204669000 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
413582000 | USD | |
CY2015Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
251705000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
510096000 | USD | |
CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5995000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
11995000 | USD | |
CY2015Q2 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
2569000 | USD |
us-gaap |
Undistributed Earnings
UndistributedEarnings
|
3414000 | USD | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27059730 | shares |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27059730 | shares | |
wlkp |
Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
|
-182000 | USD | |
wlkp |
Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
|
-8594000 | USD | |
CY2014Q4 | wlkp |
Other Receivables Current
OtherReceivablesCurrent
|
6000 | USD |
CY2015Q2 | wlkp |
Other Receivables Current
OtherReceivablesCurrent
|
0 | USD |
CY2014Q4 | wlkp |
Trade Customer And Affiliate Receivable Net Current
TradeCustomerAndAffiliateReceivableNetCurrent
|
37514000 | USD |
CY2015Q2 | wlkp |
Trade Customer And Affiliate Receivable Net Current
TradeCustomerAndAffiliateReceivableNetCurrent
|
22075000 | USD |