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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 332,895 $ 330,571 $ 353,058
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 107,320 108,842 113,985
Loss from disposition of property, plant and equipment 515 1,849 3,033
Other gains, net (459) (347) (1,040)
Changes in operating assets and liabilities      
Accounts receivable - third parties 6,934 1,470 (6,146)
Net accounts receivable - Westlake 2,358 (442) 84,652
Inventories 1,126 1,202 (1,656)
Prepaid expenses and other current assets (100) (56) (45)
Accounts payable 421 (4,476) 1,442
Accrued and other liabilities 985 (1,974) (9)
Other, net (1,188) (488) (9,917)
Net cash provided by operating activities 450,807 436,151 537,357
Cash flows from investing activities      
Additions to property, plant and equipment (43,707) (39,862) (68,858)
Maturities of investments with Westlake under the Investment Management Agreement 515,445 372,050 62,828
Investments with Westlake under the Investment Management Agreement (529,445) (384,000) (199,000)
Other 0 0 1,801
Net cash used for investing activities (57,707) (51,812) (203,229)
Cash flows from financing activities      
Net proceeds from private placement of common units 62,661 0 110,698
Proceeds from debt payable to Westlake 123,511 3,648 165,257
Repayment of debt payable to Westlake (201,445) 0 (285,926)
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (315,564) (341,888) (343,932)
Quarterly distributions to unitholders (62,084) (53,363) (42,117)
Net cash used for financing activities (392,921) (391,603) (396,020)
Net increase (decrease) in cash and cash equivalents 179 (7,264) (61,892)
Cash and cash equivalents at beginning of the year 19,744 27,008 88,900
Cash and cash equivalents at end of the year $ 19,923 $ 19,744 $ 27,008