$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000160466517000016 Filed on May 03, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$277.4M	$252.6M
YoY Change	9.84%	-2.24%
Cost Of Revenue	$179.5M	$142.2M
YoY Change	26.23%	-12.32%
Gross Profit	$97.96M	$110.4M
YoY Change	-11.28%	14.74%
Gross Profit Margin	35.31%	43.71%
Selling, General & Admin	$7.828M	$6.097M
YoY Change	28.39%	1.62%
% of Gross Profit	7.99%	5.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$30.15M	$20.40M
YoY Change	47.82%	2.99%
% of Gross Profit	30.78%	18.47%
Operating Expenses	$7.828M	$6.097M
YoY Change	28.39%	1.62%
Operating Profit	$90.13M	$104.3M
YoY Change	-13.6%	15.62%
Interest Expense	-$5.500M	-$1.200M
YoY Change	358.33%	-14.29%
% of Operating Profit	-6.1%	-1.15%
Other Income/Expense, Net	$1.658M	$84.00K
YoY Change	1873.81%	1580.0%
Pretax Income	$86.33M	$103.2M
YoY Change	-16.32%	16.11%
Income Tax	$303.0K	$399.0K
% Of Pretax Income	0.35%	0.39%
Net Earnings	$9.764M	$12.08M
YoY Change	-19.2%	42.16%
Net Earnings / Revenue	3.52%	4.78%
Basic Earnings Per Share
Diluted Earnings Per Share	$361.6K	$446.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$123.0M	$178.7M
YoY Change	-31.17%	23.33%
Cash & Equivalents	$123.0M	$178.7M
Short-Term Investments
Other Short-Term Assets	$200.0K	$200.0K
YoY Change	0.0%	100.0%
Inventory	$4.776M	$2.590M
Prepaid Expenses
Receivables	$101.8M	$62.10M
Other Receivables	$118.0K	$0.00
Total Short-Term Assets	$229.8M	$243.5M
YoY Change	-5.63%	19.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.223B	$1.096B
YoY Change	11.57%	26.52%
Goodwill	$5.814M	$5.814M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$103.7M	$44.19M
YoY Change	134.73%	-17.91%
Total Long-Term Assets	$1.327B	$1.141B
YoY Change	16.35%	23.92%
TOTAL ASSETS
Total Short-Term Assets	$229.8M	$243.5M
Total Long-Term Assets	$1.327B	$1.141B
Total Assets	$1.557B	$1.384B
YoY Change	12.48%	23.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$15.30M	$29.42M
YoY Change	-48.01%	88.98%
Accrued Expenses	$24.12M	$36.63M
YoY Change	-34.14%	455.8%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$46.65M	$73.34M
YoY Change	-36.4%	112.08%
LONG-TERM LIABILITIES
Long-Term Debt	$600.2M	$443.5M
YoY Change	35.33%	72.03%
Other Long-Term Liabilities	$136.0K	$420.0K
YoY Change	-67.62%	1400.0%
Total Long-Term Liabilities	$136.0K	$420.0K
YoY Change	-67.62%	1400.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$46.65M	$73.34M
Total Long-Term Liabilities	$136.0K	$420.0K
Total Liabilities	$648.8M	$518.9M
YoY Change	25.05%	76.28%
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	$102.9M	$99.60M
YoY Change
Total Liabilities & Shareholders Equity	$1.557B	$1.384B
YoY Change	12.48%	23.03%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$9.764M	$12.08M
YoY Change	-19.2%	42.16%
Depreciation, Depletion And Amortization	$30.15M	$20.40M
YoY Change	47.82%	2.99%
Cash From Operating Activities	$149.1M	$112.6M
YoY Change	32.43%	-0.58%
INVESTING ACTIVITIES
Capital Expenditures	$23.17M	$79.09M
YoY Change	-70.71%	100.03%
Acquisitions
YoY Change
Other Investing Activities	$1.700M	$100.0K
YoY Change	1600.0%
Cash From Investing Activities	-$21.49M	-$78.99M
YoY Change	-72.8%	99.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$93.52M	-$24.47M
YoY Change	282.25%	-60.87%
NET CHANGE
Cash From Operating Activities	$149.1M	$112.6M
Cash From Investing Activities	-$21.49M	-$78.99M
Cash From Financing Activities	-$93.52M	-$24.47M
Net Change In Cash	$34.07M	$9.117M
YoY Change	273.74%	-18.36%
FREE CASH FLOW
Cash From Operating Activities	$149.1M	$112.6M
Capital Expenditures	$23.17M	$79.09M
Free Cash Flow	$125.9M	$33.48M
YoY Change	276.03%	-54.56%

Facts In Submission

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CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
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CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	WESTLAKE CHEMICAL PARTNERS LP
CY2017Q1	dei	Trading Symbol TradingSymbol	WLKP
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CY2016Q1	us-gaap	Undistributed Earnings UndistributedEarnings	3509000	USD
CY2017Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-70000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	27059730	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	27059730	shares
CY2016Q4	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	2647000	USD
CY2017Q1	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	6729000	USD
CY2016Q4	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	2586000	USD
CY2017Q1	wlkp	Accrued Maintenance Costs Current AccruedMaintenanceCostsCurrent	3115000	USD
CY2016Q4	wlkp	Accrued Turnaround Costs Current AccruedTurnaroundCostsCurrent	945000	USD
CY2017Q1	wlkp	Accrued Turnaround Costs Current AccruedTurnaroundCostsCurrent	4162000	USD
CY2016Q4	wlkp	Buyerdeficiencyfee Buyerdeficiencyfee	13106000	USD
CY2016Q1	wlkp	Gain Losson Involuntary Conversionof Assets GainLossonInvoluntaryConversionofAssets	0	USD
CY2017Q1	wlkp	Gain Losson Involuntary Conversionof Assets GainLossonInvoluntaryConversionofAssets	1555000	USD
CY2016Q1	wlkp	Increase Decrease In Prepaid Expenses And Other Current Assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets	-110000	USD
CY2017Q1	wlkp	Increase Decrease In Prepaid Expenses And Other Current Assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets	-115000	USD
CY2016Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	-13719000	USD
CY2017Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	-1159000	USD
CY2016Q1	wlkp	Insurance Proceedsfor Involuntary Conversion InsuranceProceedsforInvoluntaryConversion	0	USD
CY2017Q1	wlkp	Insurance Proceedsfor Involuntary Conversion InsuranceProceedsforInvoluntaryConversion	1555000	USD
CY2016Q4	wlkp	Shortfallpercentagethreshold Shortfallpercentagethreshold	0.95
CY2016Q4	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	11349000	USD
CY2017Q1	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	19745000	USD

Files In Submission

Name	View Source	Status
0001604665-17-000016-index-headers.html	Edgar Link	pending
0001604665-17-000016-index.html	Edgar Link	pending
0001604665-17-000016.txt	Edgar Link	pending
0001604665-17-000016-xbrl.zip	Edgar Link	pending
a2017033110qwlkp.htm	Edgar Link	pending
exhibit311_20170331.htm	Edgar Link	pending
exhibit312_20170331.htm	Edgar Link	pending
exhibit321_20170331.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wlkp-20170331.xml	Edgar Link	completed
wlkp-20170331.xsd	Edgar Link	pending
wlkp-20170331_cal.xml	Edgar Link	unprocessable
wlkp-20170331_def.xml	Edgar Link	unprocessable
wlkp-20170331_lab.xml	Edgar Link	unprocessable
wlkp-20170331_pre.xml	Edgar Link	unprocessable

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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2017 Q1 Form 10-Q Financial Statement

#000160466517000016 Filed on May 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2017 Q1 Form 10-Q Financial Statement

#000160466517000016 Filed on May 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp