Westlake chemical partners lp (WLKP)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Net sales—Westlake

937

1,074

973

853

834

1,292

-

-

Total net sales

1,091

1,285

1,172

986

1,007

1,749

-

-

Cost of sales

712

908

769

595

624

1,003

-

-

Net co-product, ethylene and other salesthird parties

-

-

-

-

172

457

-

-

Gross profit

379

377

403

391

382

745

-

-

Selling, general and administrative expenses

29

27

29

24

23

29

-

-

Income from operations

350

349

374

366

359

716

-

-

Other income (expense)
Interest expense—Westlake

19

21

21

12

4

10

-

-

Other income, net

3

2

1

0

0

3

-

-

Income before income taxes

333

330

354

354

354

709

-

-

Income tax provision

0

0

1

1

0

199

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

332

330

353

353

353

509

546

395

Less: Net income attributable to noncontrolling interest in OpCo

271

281

304

312

314

-

-

-

Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income

60

49

48

40

39

-

-

-

Net income per limited partner unit attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)
Weighted average limited partner units outstanding (basic and diluted)
Weighted Average Number of Shares Outstanding, Basic and Diluted

34

32

28

27

27

-

-

-

Distributions per common unit (usd per share)

-

-

-

-

1.15

-

-

-

Predecessor [Member]
Net sales - Westlake

-

-

-

-

-

-

1,603

1,507

Net co-product, ethylene and feedstock sales—third parties

-

-

-

-

-

-

524

741

Net sales

-

-

-

-

-

-

2,127

2,249

Cost of sales

-

-

-

-

-

-

1,255

1,613

Gross profit

-

-

-

-

-

-

872

635

Services received from Westlake and included in selling, general and administrative expenses

-

-

-

-

-

-

25

24

Income from operations

-

-

-

-

-

-

847

611

Interest expense—Westlake

-

-

-

-

-

-

8

8

Other income, net

-

-

-

-

-

-

7

4

Income before income taxes

-

-

-

-

-

-

846

606

Provision for income taxes

-

-

-

-

-

-

300

210

Net income

-

-

-

-

-

-

546

395

Product and Service, Other [Member]
Total net sales

154

210

199

133

-

-

-

-

Common units [Member]
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income

60

48

38

21

-

-

-

-

Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax

1.77

1.51

1.72

-

-

-

-

-

Income per limited partner unit (usd per share)

-

-

-

1.50

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

34

32

22

14

-

-

-

-

Subordinated units [Member]
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income

-

-

8

19

-

-

-

-

Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax

0.00

0.00

1.43

-

-

-

-

-

Net income attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)

-

-

-

1.50

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

6

12

-

-

-

-