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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 369,159 $ 334,626 $ 334,829
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 111,899 110,203 121,074
Loss from disposition of property, plant and equipment 2,345 4,933 4,707
Other losses (gains), net (182) (27) 356
Changes in operating assets and liabilities      
Accounts receivable—third parties 7,221 1,332 (14,435)
Net accounts receivable—Westlake 25,737 27,331 74,197
Inventories 374 283 4,183
Prepaid expenses and other current assets (2) (137) 91
Accounts payable—third parties (2,693) 1,569 (17,001)
Accrued and other liabilities (5,821) 4,026 (37,533)
Other, net (23,036) (32,140) (6,732)
Net cash provided by operating activities 485,001 451,999 463,736
Cash flows from investing activities      
Additions to property, plant and equipment (48,971) (46,821) (54,118)
Investments with Westlake under the Investment Management Agreement (40,000) (174,116) (319,884)
Maturities of investments with Westlake under the Investment Management Agreement 0 145,000 362,000
Net cash used for investing activities (88,971) (75,937) (12,002)
Cash flows from financing activities      
Proceeds from debt payable to Westlake 219,000 209,250 32,000
Repayment of debt payable to Westlake (219,000) (209,250) (32,000)
Distributions to noncontrolling interest retained in OpCo by Westlake (329,898) (315,805) (337,598)
Distributions to unitholders (66,435) (66,420) (66,411)
Net cash used for financing activities (396,333) (382,225) (404,009)
Net increase (decrease) in cash and cash equivalents (303) (6,163) 47,725
Cash and cash equivalents at beginning of the year 58,619 64,782 17,057
Cash and cash equivalents at end of the year $ 58,316 $ 58,619 $ 64,782