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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 254,743 $ 259,822
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 86,502 67,472
Provision for doubtful accounts (25) 228
Loss from disposition of property, plant and equipment 2,627 2,408
Gain on involuntary conversion of assets (1,672) 0
Deferred income taxes 363 389
Changes in operating assets and liabilities    
Accounts receivable—third parties (4,541) (4,000)
Net accounts receivable—Westlake 68,556 (87,032)
Inventories 53 451
Prepaid expenses and other current assets (144) 267
Accounts payable 1,026 6,026
Accrued and other liabilities 5,018 7,831
Other, net (10,590) (76,492)
Cash flows from investing activities 401,916 177,370
Cash flows from investing activities    
Additions to property, plant and equipment (56,607) (268,647)
Proceeds from disposition of assets 129 157
Proceeds from involuntary conversion of assets 1,672 0
Receivable under the Investment Management Agreement—Westlake (119,000) 0
Net cash used for investing activities (173,806) (268,490)
Cash flows from financing activities    
Net proceeds from common units offering 110,739 0
Proceeds from debt payable to Westlake 155,257 212,175
Repayment of debt payable to Westlake (272,765) (1,098)
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (263,480) (188,736)
Quarterly distributions to unitholders (29,512) (25,774)
Net cash used for financing activities (299,761) (3,433)
Net decrease in cash and cash equivalents (71,651) (94,553)
Cash and cash equivalents at beginning of period 88,900 169,559
Cash and cash equivalents at end of period $ 17,249 $ 75,006