XML 105 R94.htm IDEA: XBRL DOCUMENT v3.5.0.2
Guarantor Disclosures (Condensed Consolidating Financial Information Statement of Operations) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Condensed Financial Statements, Captions [Line Items]        
Net sales $ 1,279,028 $ 1,188,037 $ 3,340,276 $ 3,476,570
Cost of sales 1,076,895 876,761 2,641,192 2,527,567
Gross profit 202,133 311,276 699,084 949,003
Selling, general and administrative expenses 72,729 57,248 179,757 170,321
Transaction and integration-related costs 82,841 0 90,550 0
Income from operations 46,563 254,028 428,777 778,682
Interest expense (24,366) (8,211) (36,966) (26,760)
Other income, net 41,265 2,636 52,091 33,790
Income before income taxes 63,462 248,453 443,902 785,712
(Benefit from) provision for income taxes (6,552) 60,033 129,332 236,824
Equity in net income of subsidiaries 0 0 0 0
Net income 70,014 188,420 314,570 548,888
Net income attributable to noncontrolling interests 4,352 4,816 14,656 13,847
Net income attributable to Westlake Chemical Corporation 65,662 183,604 299,914 535,041
Comprehensive income attributable to Westlake Chemical Corporation 39,637 181,663 321,080 492,609
Westlake Chemical Corporation [Member]        
Condensed Financial Statements, Captions [Line Items]        
Net sales 0 0 0 0
Cost of sales 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expenses 2,092 804 3,648 1,617
Transaction and integration-related costs 0   0  
Income from operations (2,092) (804) (3,648) (1,617)
Interest expense (22,130) (10,405) (43,228) (31,726)
Other income, net 35,405 1,239 40,807 17,627
Income before income taxes 11,183 (9,970) (6,069) (15,716)
(Benefit from) provision for income taxes (2,088) (3,249) (8,268) (5,226)
Equity in net income of subsidiaries 52,391 190,325 297,715 545,531
Net income 65,662 183,604 299,914 535,041
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Westlake Chemical Corporation 65,662 183,604 299,914 535,041
Comprehensive income attributable to Westlake Chemical Corporation 39,637 181,663 321,080 492,609
100% Owned Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Net sales 775,474 901,006 2,357,769 2,677,773
Cost of sales 677,085 712,681 2,018,282 2,078,730
Gross profit 98,389 188,325 339,487 599,043
Selling, general and administrative expenses 31,180 37,156 104,488 115,400
Transaction and integration-related costs 35,379   43,088  
Income from operations 31,830 151,169 191,911 483,643
Interest expense (10,247) (5,711) (19,051) (18,353)
Other income, net (8,622) 203 (12,057) (4,743)
Income before income taxes 12,961 145,661 160,803 460,547
(Benefit from) provision for income taxes 18,987 53,131 136,856 222,743
Equity in net income of subsidiaries 0 0 0 0
Net income (6,026) 92,530 23,947 237,804
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Westlake Chemical Corporation (6,026) 92,530 23,947 237,804
Comprehensive income attributable to Westlake Chemical Corporation (5,923) 92,781 24,356 238,433
Non-Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Net sales 823,238 596,860 1,945,866 1,727,561
Cost of sales 714,365 469,137 1,570,669 1,362,710
Gross profit 108,873 127,723 375,197 364,851
Selling, general and administrative expenses 44,586 24,060 87,221 68,195
Transaction and integration-related costs 47,462   47,462  
Income from operations 16,825 103,663 240,514 296,656
Interest expense (9,117) 0 (9,117) 0
Other income, net 31,610 9,099 57,771 44,225
Income before income taxes 39,318 112,762 289,168 340,881
(Benefit from) provision for income taxes (23,451) 10,151 744 19,307
Equity in net income of subsidiaries 0 0 0 0
Net income 62,769 102,611 288,424 321,574
Net income attributable to noncontrolling interests 4,352 4,816 14,656 13,847
Net income attributable to Westlake Chemical Corporation 58,417 97,795 273,768 307,727
Comprehensive income attributable to Westlake Chemical Corporation 45,945 96,062 293,859 264,542
Eliminations [Member]        
Condensed Financial Statements, Captions [Line Items]        
Net sales (319,684) (309,829) (963,359) (928,764)
Cost of sales (314,555) (305,057) (947,759) (913,873)
Gross profit (5,129) (4,772) (15,600) (14,891)
Selling, general and administrative expenses (5,129) (4,772) (15,600) (14,891)
Transaction and integration-related costs 0   0  
Income from operations 0 0 0 0
Interest expense 17,128 7,905 34,430 23,319
Other income, net (17,128) (7,905) (34,430) (23,319)
Income before income taxes 0 0 0 0
(Benefit from) provision for income taxes 0 0 0 0
Equity in net income of subsidiaries (52,391) (190,325) (297,715) (545,531)
Net income (52,391) (190,325) (297,715) (545,531)
Net income attributable to noncontrolling interests 0 0 0 0
Net income attributable to Westlake Chemical Corporation (52,391) (190,325) (297,715) (545,531)
Comprehensive income attributable to Westlake Chemical Corporation $ (40,022) $ (188,843) $ (318,215) $ (502,975)