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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 158,506 $ 165,190
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 53,701 55,284
Loss from disposition of property, plant and equipment 458 567
Other losses (gains), net (181) 538
Changes in operating assets and liabilities    
Accounts receivable—third parties (3,821) 1,284
Net accounts receivable—Westlake 419 2,885
Inventories (402) (538)
Prepaid expenses and other current assets 275 260
Accounts payable 2,791 (4,836)
Accrued and other liabilities 2,096 27
Other, net (170) (90)
Cash flows from investing activities 213,672 220,571
Cash flows from investing activities    
Additions to property, plant and equipment (25,582) (16,620)
Maturities of investments with Westlake under the Investment Management Agreement 344,445 178,000
Investments with Westlake under the Investment Management Agreement (336,445) (185,000)
Other 46 251
Net cash used for investing activities (17,536) (23,369)
Cash flows from financing activities    
Net proceeds from private placement of common units 62,916 0
Proceeds from debt payable to Westlake 123,511 3,648
Repayment of debt payable to Westlake (201,445) 0
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (153,766) (172,758)
Quarterly distributions to unitholders (29,623) (26,617)
Net cash used for financing activities (198,407) (195,727)
Net increase (decrease) in cash and cash equivalents (2,271) 1,475
Cash and cash equivalents at beginning of period 19,744 27,008
Cash and cash equivalents at end of period $ 17,473 $ 28,483