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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Cash flows from operating activities      
Net Income $ 80,825 $ 913,108 $ 76,622
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 31,282   27,542
Loss from disposition of property, plant and equipment 2,970   1,359
Other loss, net 992   103
Changes in operating assets and liabilities      
Accounts receivable—third parties (21,593)   (8,744)
Net accounts receivable—Westlake 56,738   60,978
Inventories 1,011   303
Prepaid expenses and other current assets 158   175
Accounts payable (11,634)   (625)
Accrued and other liabilities (35,358)   (699)
Other, net (581)   (1,606)
Cash flows from investing activities 104,810   155,408
Cash flows from investing activities      
Additions to property, plant and equipment (20,342)   (12,748)
Maturities of investments with Westlake under the Investment Management Agreement 50,000   0
Investments with Westlake under the Investment Management Agreement (55,000)   (64,000)
Other 0   126
Net cash used for investing activities (25,342)   (76,622)
Cash flows from financing activities      
Quarterly distributions to noncontrolling interest retained in OpCo by Westlake (60,688)   (62,058)
Quarterly distributions to unitholders (16,603)   (16,593)
Net cash used for financing activities (77,291)   (78,651)
Net increase in cash and cash equivalents 2,177   135
Cash and cash equivalents at beginning of period 17,057 $ 17,289 17,154
Cash and cash equivalents at end of period $ 19,234   $ 17,289