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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 174,147 $ 158,506
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 51,844 53,701
Loss from disposition of property, plant and equipment 446 458
Other gains, net (310) (181)
Changes in operating assets and liabilities    
Accounts receivable—third parties 3,235 (3,821)
Net accounts receivable—Westlake (8,890) 419
Inventories 955 (402)
Prepaid expenses and other current assets 405 275
Accounts payable 1,207 2,791
Accrued and other liabilities 998 2,096
Other, net (318) (170)
Cash flows from investing activities 223,719 213,672
Cash flows from investing activities    
Additions to property, plant and equipment (20,595) (25,582)
Maturities of investments with Westlake under the Investment Management Agreement 181,000 344,445
Investments with Westlake under the Investment Management Agreement (190,000) (336,445)
Other 0 46
Net cash used for investing activities (29,595) (17,536)
Cash flows from financing activities    
Net proceeds from private placement of common units 0 62,916
Proceeds from debt payable to Westlake 0 123,511
Repayment of debt payable to Westlake 0 (201,445)
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (157,248) (153,766)
Quarterly distributions to unitholders (33,181) (29,623)
Net cash used for financing activities (190,429) (198,407)
Net increase (decrease) in cash and cash equivalents 3,695 (2,271)
Cash and cash equivalents at beginning of period 19,923 19,744
Cash and cash equivalents at end of period $ 23,618 $ 17,473