Westlake chemical partners lp (WLKP)
Income statement / TTM
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

895,413

937,625

976,637

1,073,340

1,096,966

1,074,957

1,063,198

1,007,866

995,182

973,081

958,828

894,743

835,389

853,719

820,339

834,231

857,265

834,918

911,039

1,118,216

0

-

0

0

-

0

Total net sales

1,043,334

1,091,871

1,154,798

1,268,523

1,300,436

1,285,622

1,258,542

1,191,667

1,179,805

1,172,981

1,158,273

1,090,852

1,011,580

986,736

941,305

960,570

1,001,434

1,007,221

1,032,258

1,175,647

1,448,077

0

0

0

-

0

Cost of sales

651,012

712,443

785,338

898,375

925,128

908,463

864,280

795,909

781,594

769,314

759,603

700,784

632,702

595,405

557,727

569,648

604,365

624,339

700,830

823,945

0

-

0

0

-

0

Net co-product, ethylene and other salesthird parties

-

-

-

-

-

-

-

-

-

-

-

196,109

176,191

-

120,966

126,339

144,169

172,303

239,684

308,023

0

-

0

0

-

0

Gross profit

392,322

379,428

369,460

370,148

375,308

377,159

394,262

395,758

398,211

403,667

398,670

390,068

378,878

391,331

383,578

390,922

397,069

382,882

386,859

457,707

609,725

0

0

0

-

0

Selling, general and administrative expenses

28,501

29,278

28,607

27,694

27,430

27,590

28,158

29,054

28,565

29,260

28,673

27,656

26,618

24,887

23,457

23,500

23,647

23,550

26,686

27,020

0

-

0

0

-

0

Income from operations

363,821

350,150

340,853

342,454

347,878

349,569

366,104

366,704

369,646

374,407

369,997

362,412

352,260

366,444

360,121

367,422

373,422

359,332

362,580

430,399

582,247

0

0

0

-

0

Other income (expense)
Interest expense—Westlake

17,673

19,623

20,817

22,045

22,467

21,433

20,321

20,872

21,267

21,861

22,818

21,575

16,836

12,607

8,554

4,661

4,822

4,967

5,931

8,982

0

-

0

0

-

0

Other income, net

2,866

3,096

3,248

3,351

2,781

2,457

1,690

1,184

625

1,792

2,215

2,040

2,175

601

425

365

239

160

451

1,921

0

-

0

0

-

0

Income before income taxes

349,014

333,623

323,284

323,760

328,192

330,593

347,473

347,016

349,004

354,338

349,394

342,877

337,599

354,438

351,992

363,126

368,839

354,525

417,727

568,213

0

-

0

0

-

0

Income tax provision

745

728

717

-127

-61

22

169

1,266

1,260

1,280

1,070

939

939

1,035

995

942

604

672

-34,677

1,491

85,361

0

0

0

-

0

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

348,269

332,895

322,567

323,887

328,253

330,571

347,304

345,750

347,744

353,058

348,324

341,938

336,660

353,403

350,997

362,184

368,235

353,853

356,607

324,118

0

0

0

-

-

-

Less: Net income attributable to noncontrolling interest in OpCo

284,496

271,914

267,074

270,904

276,246

281,224

294,294

291,767

296,543

304,388

304,349

302,687

298,040

312,463

310,123

319,868

324,820

314,022

318,999

291,598

0

0

0

-

-

-

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

63,773

60,981

55,493

52,983

52,007

49,347

53,010

53,983

51,201

48,670

43,975

39,251

38,620

40,940

40,874

42,316

43,415

39,831

122,975

117,887

261,288

0

0

0

-

0

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

63,773

60,981

55,493

52,983

52,007

48,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Income from operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Interest expense—Westlake

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Provision for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Product and Service, Other [Member]
Total net sales

147,921

154,246

178,161

195,183

203,470

210,665

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

-

-

-

-