$WLKP
Westlake Chemical Partners LP Stock $wlkp

$wlkp Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-K Financial Statement

#000160466520000007 Filed on February 28, 2020

Income Statement

Concept	2018 Q4	2018 Q3	2018 Q2
Revenue	$335.7M	$363.7M	$302.0M
YoY Change	8.77%	22.53%	4.09%
Cost Of Revenue	$242.1M	$269.7M	$204.9M
YoY Change	22.33%	33.95%	7.51%
Gross Profit	$93.63M	$93.91M	$97.12M
YoY Change	-15.45%	-1.57%	-2.46%
Gross Profit Margin	27.89%	25.82%	32.16%
Selling, General & Admin	$7.200M	$5.909M	$7.375M
YoY Change	-6.49%	-13.17%	7.1%
% of Gross Profit	7.69%	6.29%	7.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$26.60M	$21.96M	$22.04M
YoY Change	-3.27%	-6.65%	-0.93%
% of Gross Profit	28.41%	23.38%	22.7%
Operating Expenses	$7.200M	$5.909M	$7.375M
YoY Change	-7.69%	-13.17%	7.1%
Operating Profit	$86.46M	$88.00M	$89.74M
YoY Change	-16.05%	-0.68%	-3.17%
Interest Expense	-$5.400M	-$5.600M	-$5.500M
YoY Change	25.58%	-9.68%	-6.78%
% of Operating Profit	-6.25%	-6.36%	-6.13%
Other Income/Expense, Net	$700.0K	$668.0K	$583.0K
YoY Change	-800.0%	312.35%	2329.17%
Pretax Income	$81.80M	$83.03M	$84.78M
YoY Change	-17.12%	0.55%	-2.29%
Income Tax	$200.0K	-$772.0K	$303.0K
% Of Pretax Income	0.24%	-0.93%	0.36%
Net Earnings	$11.88M	$12.41M	$12.76M
YoY Change	-23.56%	-7.27%	27.89%
Net Earnings / Revenue	3.54%	3.41%	4.22%
Basic Earnings Per Share
Diluted Earnings Per Share	$369.6K	$385.1K	$397.5K
COMMON SHARES
Basic Shares Outstanding	32.25M shares	32.24M shares	32.24M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q4	2018 Q3	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$19.70M	$17.00M	$28.50M
YoY Change	-27.04%	-1.16%	-72.83%
Cash & Equivalents	$19.74M	$17.04M	$28.48M
Short-Term Investments
Other Short-Term Assets	$400.0K	$500.0K	$100.0K
YoY Change	33.33%	25.0%
Inventory	$4.388M	$5.004M	$6.128M
Prepaid Expenses
Receivables	$222.6M	$240.0M	$208.1M
Other Receivables	$0.00	$77.00K	$0.00
Total Short-Term Assets	$247.1M	$262.6M	$242.8M
YoY Change	6.81%	20.67%	19.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.148B	$1.161B	$1.173B
YoY Change	-4.01%	-3.73%	-3.86%
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	$60.90M	$65.40M	$70.30M
YoY Change	-25.55%	-30.31%	-28.67%
Total Long-Term Assets	$1.215B	$1.232B	$1.249B
YoY Change	-5.37%	-5.21%	-5.27%
TOTAL ASSETS
Total Short-Term Assets	$247.1M	$262.6M	$242.8M
Total Long-Term Assets	$1.215B	$1.232B	$1.249B
Total Assets	$1.462B	$1.495B	$1.492B
YoY Change	-3.51%	-1.5%	-2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.045M	$6.402M	$7.390M
YoY Change	-52.03%	-36.44%	4.06%
Accrued Expenses	$16.25M	$18.91M	$19.00M
YoY Change	3.52%	-8.75%	24.73%
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	$48.77M	$66.59M	$47.62M
YoY Change	21.2%	48.23%	30.85%
LONG-TERM LIABILITIES
Long-Term Debt	$477.6M	$477.6M	$477.6M
YoY Change	0.76%	0.1%	-18.82%
Other Long-Term Liabilities	$0.00	$53.00K	$146.0K
YoY Change	-100.0%	-32.91%	-13.1%
Total Long-Term Liabilities	$0.00	$53.00K	$146.0K
YoY Change	-100.0%	-32.91%	-13.1%
TOTAL LIABILITIES
Total Short-Term Liabilities	$48.77M	$66.59M	$47.62M
Total Long-Term Liabilities	$0.00	$53.00K	$146.0K
Total Liabilities	$528.0M	$545.9M	$527.7M
YoY Change	2.23%	4.13%	-15.81%
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	$215.8M	$217.5M	$218.2M
YoY Change
Total Liabilities & Shareholders Equity	$1.462B	$1.495B	$1.492B
YoY Change	-3.51%	-1.5%	-2.0%

Cashflow Statement

Concept	2018 Q4	2018 Q3	2018 Q2
OPERATING ACTIVITIES
Net Income	$11.88M	$12.41M	$12.76M
YoY Change	-23.56%	-7.27%	27.89%
Depreciation, Depletion And Amortization	$26.60M	$21.96M	$22.04M
YoY Change	-3.27%	-6.65%	-0.93%
Cash From Operating Activities	$106.2M	$109.4M	$114.4M
YoY Change	-21.62%	-21.63%	1.06%
INVESTING ACTIVITIES
Capital Expenditures	-$9.900M	-$13.40M	-$6.900M
YoY Change	-19.51%	6.35%	-66.83%
Acquisitions
YoY Change
Other Investing Activities	$3.000M	-$8.300M	-$8.700M
YoY Change	-117.44%	-93.03%	-8800.0%
Cash From Investing Activities	-$6.800M	-$21.60M	-$15.70M
YoY Change	-76.87%	-83.59%	-24.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-96.60M	-99.30M	-95.10M
YoY Change	0.42%	3.76%	-14.01%
NET CHANGE
Cash From Operating Activities	106.2M	109.4M	114.4M
Cash From Investing Activities	-6.800M	-21.60M	-15.70M
Cash From Financing Activities	-96.60M	-99.30M	-95.10M
Net Change In Cash	2.800M	-11.50M	3.600M
YoY Change	-71.72%	-86.89%	-119.89%
FREE CASH FLOW
Cash From Operating Activities	$106.2M	$109.4M	$114.4M
Capital Expenditures	-$9.900M	-$13.40M	-$6.900M
Free Cash Flow	$116.1M	$122.8M	$121.3M
YoY Change	-21.45%	-19.32%	-9.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2019	dei	Amendment Flag AmendmentFlag	false
CY2019	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2019	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019	dei	Entity Central Index Key EntityCentralIndexKey	0001604665
CY2018Q4	us-gaap	Goodwill Gross GoodwillGross	5814000	USD
CY2018Q4	wlkp	Discounted Cash Flow Methodology Asset Impairment Number Of Years Forecasted DiscountedCashFlowMethodologyAssetImpairmentNumberOfYearsForecasted	P10Y
CY2019	wlkp	Plant And Equipment Planned Major Maintenance Activities Amortization Period Minimum PlantAndEquipmentPlannedMajorMaintenanceActivitiesAmortizationPeriodMinimum	P3Y
CY2019	dei	Document Type DocumentType	10-K
CY2019	dei	Document Annual Report DocumentAnnualReport	true
CY2019	dei	Document Period End Date DocumentPeriodEndDate	2019-12-31
CY2019	dei	Document Transition Report DocumentTransitionReport	false
CY2019	dei	Entity File Number EntityFileNumber	001-36567
CY2019	dei	Entity Registrant Name EntityRegistrantName	Westlake Chemical Partners LP
CY2019	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2019	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	32-0436529
CY2019	dei	Entity Address Address Line1 EntityAddressAddressLine1	2801 Post Oak Boulevard
CY2019	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 600
CY2019	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2019	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2019	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77056
CY2019	dei	City Area Code CityAreaCode	713
CY2019	dei	Local Phone Number LocalPhoneNumber	585-2900
CY2019	dei	Security12b Title Security12bTitle	Common units representing limited partner interests
CY2019	dei	Trading Symbol TradingSymbol	WLKP
CY2019	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2019	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2019	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2019	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2019	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2019	dei	Entity Small Business EntitySmallBusiness	false
CY2019	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019	dei	Entity Shell Company EntityShellCompany	false
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CY2019Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	162773000	USD
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CY2017	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	9917000	USD
CY2019	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	450807000	USD
CY2018	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	436151000	USD
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	537357000	USD
CY2019	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	43707000	USD
CY2018	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	39862000	USD
CY2017	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	68858000	USD
CY2019	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	515445000	USD
CY2018	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	372050000	USD
CY2017	wlkp	Maturitiesofinvestmentswith Westlakeunderthe Investment Management Agreement MaturitiesofinvestmentswithWestlakeundertheInvestmentManagementAgreement	62828000	USD
CY2019	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	529445000	USD
CY2018	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	384000000	USD
CY2017	wlkp	Investmentswith Westlakeunderthe Investment Management Agreement InvestmentswithWestlakeundertheInvestmentManagementAgreement	199000000	USD
CY2019	wlkp	Cash Providedby Usedin Investing Activities Other CashProvidedbyUsedinInvestingActivitiesOther	0	USD
CY2018	wlkp	Cash Providedby Usedin Investing Activities Other CashProvidedbyUsedinInvestingActivitiesOther	0	USD
CY2017	wlkp	Cash Providedby Usedin Investing Activities Other CashProvidedbyUsedinInvestingActivitiesOther	1801000	USD
CY2019	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-57707000	USD
CY2018	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-51812000	USD
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-203229000	USD
CY2019	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	62661000	USD
CY2019	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	201445000	USD
CY2018	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	0	USD
CY2017	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	285926000	USD
CY2019	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	315564000	USD
CY2018	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	341888000	USD
CY2017	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	343932000	USD
CY2019	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	62084000	USD
CY2018	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	0	USD
CY2017	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	110698000	USD
CY2019	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	123511000	USD
CY2018	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	3648000	USD
CY2017	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	165257000	USD
CY2018	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	53363000	USD
CY2017	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	42117000	USD
CY2019	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-392921000	USD
CY2018	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-391603000	USD
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-396020000	USD
CY2019	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	179000	USD
CY2018	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-7264000	USD
CY2017	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-61892000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19744000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	27008000	USD
CY2016Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	88900000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19923000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19744000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	27008000	USD
CY2017	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	435000	USD
CY2019	wlkp	Threshold Period Past Due Accounts Receivable Reviewed ThresholdPeriodPastDueAccountsReceivableReviewed	P90D
CY2019	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	0	USD
CY2018	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	175000	USD
CY2019Q4	us-gaap	Goodwill Goodwill	5814000	USD
CY2018Q4	us-gaap	Gross Profit GrossProfit	93629000	USD
CY2019	wlkp	Plant And Equipment Planned Major Maintenance Activities Amortization Period Maximum PlantAndEquipmentPlannedMajorMaintenanceActivitiesAmortizationPeriodMaximum	P6Y
CY2019	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</span></div>Financial instruments which potentially subject the Partnership to concentration of risk consist principally of trade receivables from third-party customers who purchase ethylene and ethylene co-products. The Partnership performs periodic credit evaluations, as applicable, of the customers' financial condition and generally does not require collateral. The Partnership maintains allowances for potential losses, as applicable.
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1280000	USD
CY2019	us-gaap	Use Of Estimates UseOfEstimates	<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.</span></div>
CY2019	wlkp	Termof Investment Management Agreementwith Related Party Maximum TermofInvestmentManagementAgreementwithRelatedPartyMaximum	P9M
CY2019Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	9730000	USD
CY2018Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	17325000	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	476000	USD
CY2018Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	921000	USD
CY2019Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	660000	USD
CY2018Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	0	USD
CY2019Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	9914000	USD
CY2018Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	16404000	USD
CY2019Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2154000	USD
CY2018Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	3876000	USD
CY2019Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	330000	USD
CY2018Q4	us-gaap	Inventory Work In Process And Raw Materials InventoryWorkInProcessAndRawMaterials	512000	USD
CY2019Q4	us-gaap	Inventory Net InventoryNet	2484000	USD
CY2018Q4	us-gaap	Inventory Net InventoryNet	4388000	USD
CY2019Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	17426000	USD
CY2018Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	17426000	USD
CY2019Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	1825332000	USD
CY2018Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	1804684000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	97402000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	88077000	USD
CY2019Q4	wlkp	Property Plant And Equipment Gross Excluding Construction In Progress PropertyPlantAndEquipmentGrossExcludingConstructionInProgress	1940160000	USD
CY2018Q4	wlkp	Property Plant And Equipment Gross Excluding Construction In Progress PropertyPlantAndEquipmentGrossExcludingConstructionInProgress	1910187000	USD
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	882768000	USD
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	795167000	USD
CY2019Q4	wlkp	Property Plant And Equipment Net Excluding Construction In Progress PropertyPlantAndEquipmentNetExcludingConstructionInProgress	1057392000	USD
CY2018Q4	wlkp	Property Plant And Equipment Net Excluding Construction In Progress PropertyPlantAndEquipmentNetExcludingConstructionInProgress	1115020000	USD
CY2019Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	45603000	USD
CY2018Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	33245000	USD
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1102995000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1148265000	USD
CY2019	us-gaap	Depreciation Depreciation	89454000	USD
CY2018	us-gaap	Depreciation Depreciation	88197000	USD
CY2017	us-gaap	Depreciation Depreciation	91154000	USD
CY2019Q4	us-gaap	Goodwill Gross GoodwillGross	5814000	USD
CY2018Q4	wlkp	Discounted Cash Flow Methodology Goodwill Impairment Discount Rate DiscountedCashFlowMethodologyGoodwillImpairmentDiscountRate	0.095
CY2017	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	1280000	USD
CY2019	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	70062000	USD
CY2019Q4	wlkp	Turnaround Costs Net TurnaroundCostsNet	40416000	USD
CY2018Q4	wlkp	Turnaround Costs Net TurnaroundCostsNet	56533000	USD
CY2019Q4	wlkp	Noncurrent Assets Other Net NoncurrentAssetsOtherNet	5820000	USD
CY2018Q4	wlkp	Noncurrent Assets Other Net NoncurrentAssetsOtherNet	4371000	USD
CY2019Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	46236000	USD
CY2018Q4	us-gaap	Deferred Costs And Other Assets DeferredCostsAndOtherAssets	60904000	USD
CY2019Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2018Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	477608000	USD
CY2019Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.0410	Rate
CY2018Q4	us-gaap	Longterm Debt Weighted Average Interest Rate LongtermDebtWeightedAverageInterestRate	0.0440	Rate
CY2019	us-gaap	Net Income Loss NetIncomeLoss	60981000	USD
CY2018	us-gaap	Net Income Loss NetIncomeLoss	49347000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	48670000	USD
CY2019	us-gaap	Undistributed Earnings UndistributedEarnings	-3737000	USD
CY2018	us-gaap	Undistributed Earnings UndistributedEarnings	-4902000	USD
CY2017	us-gaap	Undistributed Earnings UndistributedEarnings	2962000	USD
CY2019	us-gaap	Distributed Earnings DistributedEarnings	64718000	USD
CY2019	us-gaap	Undistributed Earnings UndistributedEarnings	-3737000	USD
CY2019	us-gaap	Net Income Loss NetIncomeLoss	60981000	USD
CY2019	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	34488058	shares
CY2018	us-gaap	Distributed Earnings DistributedEarnings	54249000	USD
CY2018	us-gaap	Undistributed Earnings UndistributedEarnings	-4902000	USD
CY2018	us-gaap	Net Income Loss NetIncomeLoss	49347000	USD
CY2018	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	32240858	shares
CY2017	us-gaap	Distributed Earnings DistributedEarnings	45708000	USD
CY2017	us-gaap	Undistributed Earnings UndistributedEarnings	2962000	USD
CY2017	us-gaap	Net Income Loss NetIncomeLoss	48670000	USD
CY2017	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	28392470	shares
CY2019	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	1.8005
CY2018	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	1.6134
CY2017	us-gaap	Distribution Made To Limited Partner Distributions Paid Per Unit DistributionMadeToLimitedPartnerDistributionsPaidPerUnit	1.4405
CY2018Q4	wlkp	Partners Units Maximum Aggregate Offering Amount Atm PartnersUnitsMaximumAggregateOfferingAmountATM	50000000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	62661000	USD
CY2019	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	937625000	USD
CY2018	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	1074957000	USD
CY2017	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	973081000	USD
CY2019Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	162773000	USD
CY2018Q4	wlkp	Receivablesunder Investment Management Agreementswith Related Parties Current ReceivablesunderInvestmentManagementAgreementswithRelatedPartiesCurrent	148956000	USD
CY2019Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	42847000	USD
CY2018Q4	us-gaap	Accounts Receivable Related Parties Current AccountsReceivableRelatedPartiesCurrent	57280000	USD
CY2019Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	15201000	USD
CY2018Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	27477000	USD
CY2019	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	19623000	USD
CY2018	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	21433000	USD
CY2017	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	21861000	USD
CY2019	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	0	USD
CY2019	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	70062000	USD
CY2018	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	69425000	USD
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	124018000	USD
CY2019	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	728000	USD
CY2018	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	22000	USD
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	728000	USD
CY2019	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	743000	USD
CY2018	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	578000	USD
CY2017	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	796000	USD
CY2019	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-15000	USD
CY2018	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-556000	USD
CY2017	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	484000	USD
CY2018Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	253000	USD
CY2018	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	69425000	USD
CY2018Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	315000	USD
CY2018	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	175000	USD
CY2019Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	399674000	USD
CY2018Q4	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	477608000	USD
CY2019	us-gaap	Derivative Nonmonetary Notional Amount Volume DerivativeNonmonetaryNotionalAmountVolume	39100000	gal
CY2019	us-gaap	Derivative Nonmonetary Notional Amount Mass DerivativeNonmonetaryNotionalAmountMass	93000000.0	lb
CY2018	us-gaap	Derivative Nonmonetary Notional Amount Volume DerivativeNonmonetaryNotionalAmountVolume	21000000.0	gal
CY2018	us-gaap	Derivative Nonmonetary Notional Amount Mass DerivativeNonmonetaryNotionalAmountMass	50000000.0	lb
CY2019Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	1959000	USD
CY2019Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	597000	USD
CY2019	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P0Y8M23D
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	728000	USD
CY2018	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22000	USD
CY2017	us-gaap	Income Tax Reconciliation Tax Exempt Income IncomeTaxReconciliationTaxExemptIncome	124018000	USD
CY2018	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22000	USD
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1280000	USD
CY2019Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	1574000	USD
CY2018Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	1555000	USD
CY2019Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Other Capitalized Costs DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts	75000	USD
CY2018Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Other Capitalized Costs DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts	109000	USD
CY2019Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	1649000	USD
CY2018Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	1664000	USD
CY2019Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1649000	USD
CY2018Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	1664000	USD
CY2019Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	1649000	USD
CY2018Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	1664000	USD
CY2019Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	17507000	USD
CY2018Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	16250000	USD
CY2019Q4	us-gaap	Interest Payable Current InterestPayableCurrent	4186000	USD
CY2019Q4	wlkp	Accrued Maintenance Expense Current AccruedMaintenanceExpenseCurrent	3225000	USD
CY2019Q4	wlkp	Accruedtaxescurrent Accruedtaxescurrent	2611000	USD
CY2019Q4	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	2375000	USD
CY2019Q4	wlkp	Accruedderivativeliabilitiescurrent Accruedderivativeliabilitiescurrent	1959000	USD
CY2018Q4	us-gaap	Interest Payable Current InterestPayableCurrent	5448000	USD
CY2018Q4	wlkp	Accrued Maintenance Expense Current AccruedMaintenanceExpenseCurrent	2688000	USD
CY2019	us-gaap	Interest Paid Net InterestPaidNet	20837000	USD
CY2018Q4	wlkp	Accruedtaxescurrent Accruedtaxescurrent	1564000	USD
CY2018Q4	wlkp	Accrued Capital Expenditures Current AccruedCapitalExpendituresCurrent	2818000	USD
CY2018Q4	wlkp	Accruedderivativeliabilitiescurrent Accruedderivativeliabilitiescurrent	315000	USD
CY2019	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	232000	USD
CY2018	wlkp	Increase Decreasein Capital Expenditure Accrual IncreaseDecreaseinCapitalExpenditureAccrual	1823000	USD
CY2018	us-gaap	Interest Paid Net InterestPaidNet	20551000	USD
CY2017	us-gaap	Interest Paid Net InterestPaidNet	23063000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	85372000	USD
CY2019	us-gaap	Income Taxes Paid IncomeTaxesPaid	655000	USD
CY2018	us-gaap	Income Taxes Paid IncomeTaxesPaid	711000	USD
CY2017	us-gaap	Income Taxes Paid IncomeTaxesPaid	716000	USD
CY2019Q1	us-gaap	Revenues Revenues	299086000	USD
CY2019Q2	us-gaap	Revenues Revenues	270062000	USD
CY2019Q3	us-gaap	Revenues Revenues	249925000	USD
CY2019Q4	us-gaap	Revenues Revenues	272798000	USD
CY2019Q1	us-gaap	Gross Profit GrossProfit	90654000	USD
CY2019Q2	us-gaap	Gross Profit GrossProfit	91958000	USD
CY2019Q3	us-gaap	Gross Profit GrossProfit	93219000	USD
CY2019Q4	us-gaap	Gross Profit GrossProfit	103597000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	83681000	USD
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	84319000	USD
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	86397000	USD
CY2019Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	95753000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	78396000	USD
CY2019Q2	us-gaap	Profit Loss ProfitLoss	80110000	USD
CY2019Q3	us-gaap	Profit Loss ProfitLoss	82479000	USD
CY2019Q4	us-gaap	Profit Loss ProfitLoss	91910000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	14955000	USD
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	13733000	USD
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	14922000	USD
CY2019Q4	us-gaap	Net Income Loss NetIncomeLoss	17371000	USD
CY2018Q1	us-gaap	Revenues Revenues	284272000	USD
CY2018Q2	us-gaap	Revenues Revenues	301975000	USD
CY2018Q3	us-gaap	Revenues Revenues	363650000	USD
CY2018Q4	us-gaap	Revenues Revenues	335725000	USD
CY2018Q1	us-gaap	Gross Profit GrossProfit	92505000	USD
CY2018Q2	us-gaap	Gross Profit GrossProfit	97118000	USD
CY2018Q3	us-gaap	Gross Profit GrossProfit	93907000	USD
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	89743000	USD
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	87998000	USD
CY2018Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	86456000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	80714000	USD
CY2018Q2	us-gaap	Profit Loss ProfitLoss	84476000	USD
CY2018Q3	us-gaap	Profit Loss ProfitLoss	83799000	USD
CY2018Q4	us-gaap	Profit Loss ProfitLoss	81582000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	12295000	USD
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	12757000	USD
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	12412000	USD
CY2018Q4	us-gaap	Net Income Loss NetIncomeLoss	11883000	USD

Files In Submission

Name	View Source	Status
0001604665-20-000007-index-headers.html	Edgar Link	pending
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0001604665-20-000007.txt	Edgar Link	pending
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$WLKP
Westlake Chemical Partners LP Stock $wlkp

2018 Q4 Form 10-K Financial Statement

#000160466520000007 Filed on February 28, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP Westlake Chemical Partners LP Stock $wlkp

2018 Q4 Form 10-K Financial Statement

#000160466520000007 Filed on February 28, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WLKP
Westlake Chemical Partners LP Stock $wlkp