XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales—Westlake $ 219,803 $ 214,828
Total net sales 268,207 250,549
Cost of sales 180,508 147,001
Gross profit 87,699 103,548
Selling, general and administrative expenses 8,673 6,196
Income from operations 79,026 97,352
Other income (expense)    
Interest expense—Westlake (2,236) (3,950)
Other income, net 7 585
Income before income taxes 76,797 93,987
Income tax provision 175 217
Net income 76,622 93,770
Less: Net income attributable to noncontrolling interest in OpCo 61,476 76,023
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income $ 15,146 $ 17,747
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) (in units) 35,198,903 35,194,545
Common units    
Other income (expense)    
Net income attributable to Westlake Chemical Partners LP and limited partners' interest in net income $ 15,146 $ 17,747
Net income per limited partner unit attributable to Westlake Chemical Partners LP per limited partner unit (basic and diluted)    
Common units (in usd per share) $ 0.43 $ 0.50
Weighted average limited partner units outstanding (basic and diluted) (in units) 35,198,903 35,194,545
Common units | Publicly and Privately Held    
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) (in units) 21,076,673 21,072,315
Common units | Westlake    
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) (in units) 14,122,230 14,122,230
Net co-product, ethylene and other sales—third parties    
Total net sales $ 48,404 $ 35,721