Westlake Chemical Partners LP (WLKP) financial statements (2021 and earlier)

Company profile

Business Address 2801 POST OAK BOULEVARD
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20202789170134
Cash and cash equivalents20202789170134
Receivables101618121238
Inventory, net of allowances, customer advances and progress billings246447
Inventory246447
Derivative instruments and hedges, assets1     
Other undisclosed current assets2052071811274019
Total current assets:238247231232225197
Noncurrent Assets
Property, plant and equipment1,1031,1481,1961,2221,020842
Intangible assets, net (including goodwill)666  6
Goodwill666  6
Other noncurrent assets   1014558
Other undisclosed noncurrent assets466182  (6)
Total noncurrent assets:1,1551,2151,2841,3231,065900
TOTAL ASSETS:1,3931,4621,5151,5551,2901,096
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242126264226
Accounts payable6511101913
Accrued liabilities181616162312
Taxes payable     2
Due to related parties1527141216 
Other undisclosed current liabilities     6
Total current liabilities:394940385832
Noncurrent Liabilities
Liabilities, other than long-term debt401479476596385230
Deferred tax liabilities, net22212
Due to related parties400478474595384228
Other liabilities1 0000
Other undisclosed noncurrent liabilities2     
Total noncurrent liabilities:402479476596385230
Total liabilities:441528517634443261
Stockholders' equity
Stockholders' equity attributable to parent  000 
Accumulated other comprehensive income  000 
Stockholders' equity attributable to noncontrolling interest675718779818751 
Other undisclosed stockholders' equity27821622010296835
Total stockholders' equity:952934999921847835
TOTAL LIABILITIES AND EQUITY:1,3931,4621,5151,5551,2901,096

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,0921,2861,1739871,0071,750
Revenue, net1,1739871,0071,750
Revenue from related parties9381,075
Cost of revenue
(Cost of Goods and Services Sold)
(712)(908)(769)(595)(624)(1,004)
Gross profit:379377404391383746
Operating expenses(29)(28)(29)(25)(24)(31)
Other undisclosed operating income     2
Operating income:350350374366359717
Nonoperating income322103
Interest and debt expense(20)(21)(22)(13)(5)(10)
Income from continuing operations before equity method investments, income taxes:334331354354355709
Income from equity method investments     3
Income from continuing operations before income taxes:334331354354355712
Income tax expense(1)(0)(1)(1)(1)(199)
Income before gain (loss) on sale of properties:333331353353354513
Other undisclosed net loss     (3)
Net income:333331353353354510
Net loss attributable to noncontrolling interest(272)(281)(304)(312)(314) 
Net income available to common stockholders, diluted:6149494140510

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:333331353353354510
Other comprehensive income (loss)   (0)0 
Comprehensive income:333331353353354510
Comprehensive loss, net of tax, attributable to noncontrolling interest(272)(281)(304)(312)(314) 
Comprehensive income, net of tax, attributable to parent:6149494140510

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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