Westlake chemical partners lp (WLKP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Sep'13Jun'13
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted

35,194

-

35,188

35,188

32,345

-

32,242

32,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net sales—Westlake

214,828

233,860

216,678

230,047

257,040

272,872

313,381

253,673

235,031

261,113

258,049

240,989

212,930

246,860

193,964

181,635

231,260

213,480

207,856

204,669

208,913

-

289,601

415,033

-

389,560

Total net sales

250,549

272,798

249,925

270,062

299,086

335,725

363,650

301,975

284,272

308,645

296,775

290,113

277,448

293,937

229,354

210,841

252,604

248,506

248,619

251,705

258,391

273,543

392,008

524,135

-

524,759

Cost of sales

147,001

169,201

156,706

178,104

208,432

242,096

269,743

204,857

191,767

197,913

201,372

190,542

179,487

188,202

142,553

122,460

142,190

150,524

154,474

157,177

162,164

-

227,015

277,589

-

286,604

Net co-product, ethylene and other salesthird parties

-

-

-

-

-

-

-

-

-

-

-

49,124

64,518

-

35,390

29,206

21,344

35,026

40,763

47,036

49,478

-

102,407

109,102

-

135,199

Gross profit

103,548

103,597

93,219

91,958

90,654

93,629

93,907

97,118

92,505

110,732

95,403

99,571

97,961

105,735

86,801

88,381

110,414

97,982

94,145

94,528

96,227

101,959

164,993

246,546

-

238,155

Selling, general and administrative expenses

6,196

7,844

6,822

7,639

6,973

7,173

5,909

7,375

7,133

7,741

6,805

6,886

7,828

7,154

5,788

5,848

6,097

5,724

5,831

5,995

6,000

-

8,860

6,165

-

6,764

Income from operations

97,352

95,753

86,397

84,319

83,681

86,456

87,998

89,743

85,372

102,991

88,598

92,685

90,133

98,581

81,013

82,533

104,317

92,258

88,314

88,533

90,227

95,506

156,133

240,381

-

231,391

Other income (expense)
Interest expense—Westlake

3,950

4,187

4,411

5,125

5,900

5,381

5,639

5,547

4,866

4,269

6,190

5,942

5,460

5,226

4,947

1,203

1,231

1,173

1,054

1,364

1,376

-

2,137

4,105

-

1,648

Other income, net

585

563

565

1,153

815

715

668

583

491

-52

162

24

1,658

371

-13

159

84

195

-73

33

5

-

486

1,397

-

1,215

Income before income taxes

93,987

92,129

82,551

80,347

78,596

81,790

83,027

84,779

80,997

98,670

82,570

86,767

86,331

93,726

76,053

81,489

103,170

91,280

87,187

87,202

88,856

-

154,482

237,673

-

230,958

Income tax provision

217

219

72

237

200

208

-772

303

283

355

325

297

303

145

194

297

399

105

141

-41

467

-35,244

36,309

83,829

-

81,924

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

93,770

91,910

82,479

80,110

78,396

81,582

83,799

84,476

80,714

98,315

82,245

86,470

86,028

93,581

75,859

81,192

102,771

91,175

87,046

87,243

88,389

93,929

54,557

-

-

-

Less: Net income attributable to noncontrolling interest in OpCo

76,023

74,539

67,557

66,377

63,441

69,699

71,387

71,719

68,419

82,769

68,860

76,495

76,264

82,730

67,198

71,848

90,687

80,390

76,943

76,800

79,889

85,367

49,542

-

-

-

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

17,747

17,371

14,922

13,733

14,955

11,883

12,412

12,757

12,295

15,546

13,385

9,975

9,764

10,851

8,661

9,344

12,084

10,785

10,103

10,443

8,500

93,929

5,015

153,844

-

149,034

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

-

-

-

-

-

-

-

-

32,236

32,278

27,172

27,059

27,059

27,059

27,059

27,059

27,059

27,059

27,059

27,059

27,059

-

-

-

-

-

Distributions per common unit (usd per share)

-

-

-

-

-

-

-

-

-

-

-

0.35

0.34

-

0.32

0.31

0.30

-

0.29

-

-

-

-

-

-

-

Common units [Member]
Weighted Average Number of Limited Partnership and General Partnership Unit Outstanding, Basic and Diluted

35,194

-

35,188

35,188

32,345

-

32,242

32,237

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

17,747

17,371

14,922

13,733

14,955

11,883

12,412

12,757

11,562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0.50

0.50

0.42

0.39

0.46

-

0.38

0.40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income per limited partner unit (usd per share)

-

-

-

-

-

-

-

-

0.36

-

-

-

-

-

-

-

-

-

-

-

-

0.32

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic and Diluted

-

-

-

-

-

-

-

-

32,236

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Predecessor [Member]
Net sales - Westlake

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

391,801

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148,332

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

540,133

-

Cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

327,152

-

Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

212,981

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,391

-

Income from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206,590

-

Interest expense—Westlake

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,295

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,162

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205,457

-

Provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72,876

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132,581

-

Product and Service, Other [Member]
Total net sales

35,721

38,938

33,247

40,015

42,046

62,853

50,269

48,302

49,241

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated units [Member]
Net income attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

-

-

-

-