Westlake Chemical Partners LP
For the period ended Dec 31, 2024. Filed Mar 5, 2025.
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FY2024 · Filed Mar 5, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands of dollars, except unit amounts) | ||
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $58,316 | $58,619 |
| Receivable under the Investment Management Agreement—Westlake Corporation ("Westlake") | 134,557 | 94,444 |
| Accounts receivable, net—Westlake | 31,975 | 49,565 |
| Accounts receivable, net—third parties | 11,576 | 18,701 |
| Inventories | 4,058 | 4,432 |
| Prepaid expenses and other current assets | 444 | 442 |
| Total current assets | 240,926 | 226,203 |
| Property, plant and equipment, net | 903,588 | 943,843 |
| Goodwill | 5,814 | 5,814 |
| Deferred charges and other assets, net | 137,628 | 140,982 |
| Total assets | $1,287,956 | $1,316,842 |
| LIABILITIES | ||
| Current liabilities | ||
| Accounts payable—Westlake | $20,744 | $15,166 |
| Accounts payable—third parties | 17,708 | 16,189 |
| Accrued and other liabilities | 16,920 | 24,980 |
| Total current liabilities | 55,372 | 56,335 |
| Long-term debt payable to Westlake | 399,674 | 399,674 |
| Deferred income taxes | 1,546 | 1,632 |
| Other liabilities | 2,050 | 2,951 |
| Total liabilities | 458,642 | 460,592 |
| Commitments and contingencies (Note 16) | ||
| EQUITY | ||
| Common unitholders—publicly and privately held (21,116,326 and 21,105,904 units issuedand outstanding at December 31, 2024 and December 31, 2023, respectively) | 471,328 | 473,513 |
| Common unitholder—Westlake (14,122,230 and 14,122,230 units issued and outstanding at December 31, 2024 and December 31, 2023, respectively) | 47,373 | 48,993 |
| General partner—Westlake | (242,572) | (242,572) |
| Total Westlake Chemical Partners LP partners' capital | 276,129 | 279,934 |
| Noncontrolling interest in Westlake Chemical OpCo LP ("OpCo") | 553,185 | 576,316 |
| Total equity | 829,314 | 856,250 |
| Total liabilities and equity | $1,287,956 | $1,316,842 |
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