Westlake Chemical Partners LP
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
WLKP$21.37+1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (in thousands of dollars, except unit amounts) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $58,619 | $64,782 |
| Receivable under the Investment Management Agreement—Westlake Corporation ("Westlake") | 94,444 | 64,996 |
| Accounts receivable, net—Westlake | 49,565 | 90,965 |
| Accounts receivable, net—third parties | 18,701 | 20,030 |
| Inventories | 4,432 | 4,715 |
| Prepaid expenses and other current assets | 442 | 305 |
| Total current assets | 226,203 | 245,793 |
| Property, plant and equipment, net | 943,843 | 990,213 |
| Goodwill | 5,814 | 5,814 |
| Deferred charges and other assets, net | 140,982 | 130,159 |
| Total assets | $1,316,842 | $1,371,979 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable—Westlake | $15,166 | $34,087 |
| Accounts payable—third parties | 16,189 | 15,317 |
| Accrued and other liabilities | 24,980 | 17,537 |
| Total current liabilities | 56,335 | 66,941 |
| Long-term debt payable to Westlake | 399,674 | 399,674 |
| Deferred income taxes | 1,632 | 1,656 |
| Other liabilities | 2,951 | — |
| Total liabilities | 460,592 | 468,271 |
| Commitments and contingencies (Note 16) | ||
| EQUITY | ||
| Common unitholders—publicly and privately held (21,105,904 and 21,099,638 units issuedand outstanding at December 31, 2023 and December 31, 2022, respectively) | 473,513 | 480,643 |
| Common unitholder—Westlake (14,122,230 and 14,122,230 units issued and outstanding at December 31, 2023 and December 31, 2022, respectively) | 48,993 | 53,859 |
| General partner—Westlake | (242,572) | (242,572) |
| Total Westlake Chemical Partners LP partners' capital | 279,934 | 291,930 |
| Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") | 576,316 | 611,778 |
| Total equity | 856,250 | 903,708 |
| Total liabilities and equity | $1,316,842 | $1,371,979 |
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