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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 78,396 $ 80,714
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 26,844 27,698
Loss from disposition of property, plant and equipment 458 567
Other losses (gains), net (180) 357
Changes in operating assets and liabilities    
Accounts receivable—third parties 1,102 (1,239)
Net accounts receivable—Westlake 1,479 737
Inventories (587) 419
Prepaid expenses and other current assets 119 153
Accounts payable 2,497 (2,835)
Accrued and other liabilities 3,472 (487)
Other, net (101) 138
Cash flows from investing activities 113,499 106,222
Cash flows from investing activities    
Additions to property, plant and equipment (12,144) (9,679)
Maturities of investments with Westlake under the Investment Management Agreement 80,000 112,000
Investments with Westlake under the Investment Management Agreement (207,512) (110,000)
Other 46 0
Net cash used for investing activities (139,610) (7,679)
Cash flows from financing activities    
Proceeds from private placement of common units 62,934 0
Proceeds from debt payable to Westlake 123,512 3,648
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (81,507) (91,148)
Quarterly distributions to unitholders (13,957) (13,071)
Net cash provided by (used for) financing activities 90,982 (100,571)
Net increase (decrease) in cash and cash equivalents 64,871 (2,028)
Cash and cash equivalents at beginning of period 19,744 27,008
Cash and cash equivalents at end of period $ 84,615 $ 24,980