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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 19,923 $ 19,744
Receivable under the Investment Management Agreement—Westlake Chemical Corporation (Westlake) 162,773 148,956
Accounts receivable, net—Westlake Chemical Corporation (Westlake) 42,847 57,280
Accounts receivable, net—third parties 9,914 16,404
Inventories 2,484 4,388
Prepaid expenses and other current assets 470 370
Total current assets 238,411 247,142
Property, plant and equipment, net 1,102,995 1,148,265
Goodwill 5,814 5,814
Deferred charges and other assets, net 46,236 60,904
Total assets 1,393,456 1,462,125
Current liabilities    
Accounts payable—Westlake 15,201 27,477
Accounts payable—third parties 6,141 5,045
Accrued and other liabilities 17,507 16,250
Total current liabilities 38,849 48,772
Long-term debt payable to Westlake 399,674 477,608
Deferred income taxes 1,649 1,664
Other liabilities 1,149 0
Total liabilities 441,321 528,044
Commitments and contingencies (Note 17)
EQUITY    
Total Westlake Chemical Partners LP partners' capital 277,514 215,810
Noncontrolling interest in Westlake Chemical OpCo LP (OpCo) 674,621 718,271
Total equity 952,135 934,081
Total liabilities and equity 1,393,456 1,462,125
Limited Partner [Member] | Common units [Member] | Public [Member]    
EQUITY    
Limited partners' capital 471,736 409,608
Total equity 471,736 409,608
Limited Partner [Member] | Common units [Member] | Westlake [Member]    
EQUITY    
Limited partners' capital 48,350 48,774
Total equity 48,350 48,774
General Partner [Member] | Westlake [Member]    
EQUITY    
General partner—Westlake (242,572) (242,572)
Total equity $ (242,572) $ (242,572)