$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000160466519000013 Filed on May 02, 2019

Income Statement

Concept	2019 Q2	2019 Q1	2018 Q1
Revenue	$270.1M	$299.1M	$284.3M
YoY Change	-10.57%	5.21%	2.46%
Cost Of Revenue	$178.1M	$208.4M	$191.8M
YoY Change	-13.06%	8.69%	6.84%
Gross Profit	$91.96M	$90.65M	$92.51M
YoY Change	-5.31%	-2.0%	-5.57%
Gross Profit Margin	34.05%	30.31%	32.54%
Selling, General & Admin	$7.639M	$6.973M	$7.133M
YoY Change	3.58%	-2.24%	-8.88%
% of Gross Profit	8.31%	7.69%	7.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$22.23M	$26.84M	$27.70M
YoY Change	0.83%	-3.08%	-8.13%
% of Gross Profit	24.17%	29.61%	29.94%
Operating Expenses	$7.639M	$6.973M	$7.133M
YoY Change	3.58%	-2.24%	-8.88%
Operating Profit	$84.32M	$83.68M	$85.37M
YoY Change	-6.04%	-1.98%	-5.28%
Interest Expense	-$5.100M	-$5.900M	-$4.900M
YoY Change	-7.27%	20.41%	-10.91%
% of Operating Profit	-6.05%	-7.05%	-5.74%
Other Income/Expense, Net	$1.153M	$815.0K	$491.0K
YoY Change	97.77%	65.99%	-70.39%
Pretax Income	$80.35M	$78.60M	$81.00M
YoY Change	-5.23%	-2.96%	-6.18%
Income Tax	$237.0K	$200.0K	$283.0K
% Of Pretax Income	0.29%	0.25%	0.35%
Net Earnings	$13.73M	$14.96M	$12.30M
YoY Change	7.65%	21.63%	25.92%
Net Earnings / Revenue	5.09%	5.0%	4.33%
Basic Earnings Per Share
Diluted Earnings Per Share	$389.2K	$464.4K	$382.0K
COMMON SHARES
Basic Shares Outstanding	35.19M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q2	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.50M	$84.60M	$25.00M
YoY Change	-38.6%	238.4%	-79.67%
Cash & Equivalents	$17.47M	$84.62M	$24.98M
Short-Term Investments
Other Short-Term Assets	$100.0K	$300.0K	$200.0K
YoY Change	0.0%	50.0%	0.0%
Inventory	$4.029M	$4.171M	$5.171M
Prepaid Expenses
Receivables	$199.5M	$337.9M	$197.0M
Other Receivables	$1.256M	$1.768M	$0.00
Total Short-Term Assets	$222.4M	$428.7M	$227.3M
YoY Change	-8.4%	88.59%	-1.1%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.129B	$1.138B	$1.183B
YoY Change	-3.77%	-3.8%	-3.26%
Goodwill	$5.814M	$5.814M	$5.814M
YoY Change	0.0%	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$53.70M	$58.40M	$76.10M
YoY Change	-23.61%	-23.26%	-26.64%
Total Long-Term Assets	$1.189B	$1.203B	$1.265B
YoY Change	-4.87%	-4.95%	-4.65%
TOTAL ASSETS
Total Short-Term Assets	$222.4M	$428.7M	$227.3M
Total Long-Term Assets	$1.189B	$1.203B	$1.265B
Total Assets	$1.411B	$1.631B	$1.493B
YoY Change	-5.45%	9.29%	-4.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.030M	$7.481M	$7.798M
YoY Change	8.66%	-4.07%	-49.02%
Accrued Expenses	$18.29M	$20.43M	$15.15M
YoY Change	-3.73%	34.87%	-37.19%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$36.31M	$47.26M	$37.29M
YoY Change	-23.74%	26.74%	-20.06%
LONG-TERM LIABILITIES
Long-Term Debt	$399.7M	$601.1M	$477.6M
YoY Change	-16.31%	25.86%	-20.43%
Other Long-Term Liabilities	$1.110M	$1.272M	$114.0K
YoY Change	660.27%	1015.79%	-16.18%
Total Long-Term Liabilities	$1.110M	$1.272M	$114.0K
YoY Change	660.27%	1015.79%	-16.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$36.31M	$47.26M	$37.29M
Total Long-Term Liabilities	$1.110M	$1.272M	$114.0K
Total Liabilities	$438.8M	$651.3M	$517.3M
YoY Change	-16.85%	25.91%	-20.27%
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	$277.8M	$279.7M	$219.1M
YoY Change
Total Liabilities & Shareholders Equity	$1.411B	$1.631B	$1.493B
YoY Change	-5.45%	9.29%	-4.12%

Cashflow Statement

Concept	2019 Q2	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$13.73M	$14.96M	$12.30M
YoY Change	7.65%	21.63%	25.92%
Depreciation, Depletion And Amortization	$22.23M	$26.84M	$27.70M
YoY Change	0.83%	-3.08%	-8.13%
Cash From Operating Activities	$100.2M	$113.5M	$106.2M
YoY Change	-12.41%	6.85%	-28.75%
INVESTING ACTIVITIES
Capital Expenditures	-$13.50M	$12.14M	$9.679M
YoY Change	95.65%	25.47%	-58.22%
Acquisitions
YoY Change
Other Investing Activities	$135.5M	-$127.5M	$2.000M
YoY Change	-1657.47%	-6475.0%	17.65%
Cash From Investing Activities	$122.1M	-$139.6M	-$7.679M
YoY Change	-877.71%	1718.08%	-64.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-289.4M	$90.98M	-$100.6M
YoY Change	204.31%	-190.47%	7.54%
NET CHANGE
Cash From Operating Activities	100.2M	$113.5M	$106.2M
Cash From Investing Activities	122.1M	-$139.6M	-$7.679M
Cash From Financing Activities	-289.4M	$90.98M	-$100.6M
Net Change In Cash	-67.10M	$64.87M	-$2.028M
YoY Change	-1963.89%	-3298.77%	-105.95%
FREE CASH FLOW
Cash From Operating Activities	$100.2M	$113.5M	$106.2M
Capital Expenditures	-$13.50M	$12.14M	$9.679M
Free Cash Flow	$113.7M	$101.4M	$96.54M
YoY Change	-6.27%	4.98%	-23.32%

Facts In Submission

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CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001604665
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CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2019Q1	dei	Entity Registrant Name EntityRegistrantName	WESTLAKE CHEMICAL PARTNERS LP
CY2019Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2019Q1	dei	Trading Symbol TradingSymbol	WLKP
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CY2019Q1	wlkp	Siteleaseagreements Op Coannualobligationto Wlk SiteleaseagreementsOpCoannualobligationtoWLK	1	USD
CY2019Q1	wlkp	Cash Providedby Usedin Investing Activities Other CashProvidedbyUsedinInvestingActivitiesOther	46000	USD
CY2018Q1	wlkp	Increase Decrease In Prepaid Expenses And Other Current Assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets	-153000	USD
CY2019Q1	wlkp	Increase Decrease In Prepaid Expenses And Other Current Assets IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets	-119000	USD
CY2018Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	117000	USD
CY2019Q1	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	52000	USD
CY2018Q1	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	110000000	USD
CY2019Q1	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	207512000	USD
CY2018Q1	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	112000000	USD
CY2019Q1	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	80000000	USD
CY2018Q4	wlkp	Partners Units Maximum Aggregate Offering Amount Atm PartnersUnitsMaximumAggregateOfferingAmountATM	50000	USD
CY2018Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	148956000	USD
CY2019Q1	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	276501000	USD
CY2019Q1	wlkp	Siteleaseagreementsterminyears Siteleaseagreementsterminyears	50
CY2018Q4	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	16404000	USD
CY2019Q1	wlkp	Trade Customer Receivable Net Current TradeCustomerReceivableNetCurrent	13727000	USD

Files In Submission

Name	View Source	Status
0001604665-19-000013-index-headers.html	Edgar Link	pending
0001604665-19-000013-index.html	Edgar Link	pending
0001604665-19-000013.txt	Edgar Link	pending
0001604665-19-000013-xbrl.zip	Edgar Link	pending
a2019033110qwlkp.htm	Edgar Link	pending
exhibit311_20190331.htm	Edgar Link	pending
exhibit312_20190331.htm	Edgar Link	pending
exhibit321_20190331.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
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
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R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
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R32.htm	Edgar Link	pending
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R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wlkp-20190331.xml	Edgar Link	completed
wlkp-20190331.xsd	Edgar Link	pending
wlkp-20190331_cal.xml	Edgar Link	unprocessable
wlkp-20190331_def.xml	Edgar Link	unprocessable
wlkp-20190331_lab.xml	Edgar Link	unprocessable
wlkp-20190331_pre.xml	Edgar Link	unprocessable

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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2019 Q2 Form 10-Q Financial Statement

#000160466519000013 Filed on May 02, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2019 Q2 Form 10-Q Financial Statement

#000160466519000013 Filed on May 02, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp