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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 80,714 $ 86,028
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 27,698 30,150
Loss (gain) from disposition of property, plant and equipment 567 (127)
Other losses (gains), net 357 (488)
Changes in operating assets and liabilities    
Accounts receivable—third parties (1,239) (8,753)
Net accounts receivable—Westlake 737 40,010
Inventories 419 (842)
Prepaid expenses and other current assets 153 115
Accounts payable (2,835) 5,150
Accrued and other liabilities (487) 7,461
Other, net 138 (9,626)
Cash flows from investing activities 106,222 149,078
Cash flows from investing activities    
Additions to property, plant and equipment (9,679) (23,168)
Maturities of investments with Westlake under the Investment Management Agreement 112,000 0
Investments with Westlake under the Investment Management Agreement (110,000) 0
Other 0 1,682
Net cash used for investing activities (7,679) (21,486)
Cash flows from financing activities    
Proceeds from debt payable to Westlake 3,648 17,000
Repayment of debt payable to Westlake 0 (11,423)
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (91,148) (89,617)
Quarterly distributions to unitholders (13,071) (9,478)
Net cash used for financing activities (100,571) (93,518)
Net increase (decrease) in cash and cash equivalents (2,028) 34,074
Cash and cash equivalents at beginning of period 27,008 88,900
Cash and cash equivalents at end of period $ 24,980 $ 122,974