UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 12, 2004 (October 12, 2004)
Huntsman International LLC
(Exact name of registrant as specified in its charter)
Delaware | 333-85141 | 87-0630358 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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500 Huntsman Way Salt Lake City, Utah |
84108 | |||
(Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (801) 584-5700
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
In the course of preparing a registration statement for Huntsman's proposed initial public offering of common stock, Huntsman International LLC (the "Company") has determined to reclassify certain amounts in its consolidated statements of cash flows for the years ended December 31, 2003, 2002, and 2001 and to restate the affected prior period statements of cash flows as described below.
The resulting reclassifications will have no impact on the Company's (i) consolidated statements of operations and comprehensive income (loss), (ii) consolidated balance sheets or (iii) increase (decrease) in cash and cash equivalents on the consolidated statements of cash flows.
The table below sets forth the affected line items from the Company's consolidated statements of cash flows and the approximate increase or decrease in these items resulting from the reclassifications:
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Approximate Incr. (Decr.) From Reclassification |
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Year Ended December 31, |
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Affected Cash Flow Statement Item |
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2003 |
2002 |
2001 |
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(amounts in $ millions) |
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"Net cash provided by operating activities" | 50 | 21 | (11 | ) | |||
"Effect of exchange rate changes on cash" | (50 | ) | (21 | ) | 11 | ||
"Increase (decrease) in cash and cash equivalents" | Unchanged | Unchanged | Unchanged |
The reclassifications relate to the effects of foreign currency exchange gains and losses.
The table below sets forth the approximate amounts as adjusted of the affected line items from the Company's consolidated statements of cash flows:
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Adjusted Amount On Consolidated Statement Of Cash Flows |
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Year Ended December 31, |
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Affected Cash Flow Statement Item |
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2003 |
2002 |
2001 |
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(amounts in $ millions) |
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"Net cash provided by operating activities" | 99 | 178 | 191 | |||
"Effect of exchange rate changes on cash" | 5 | 1 | 6 | |||
"Increase (decrease) in cash and cash equivalents" | Unchanged | Unchanged | Unchanged |
The matters disclosed herein have been reviewed with the Company's audit committee and its independent auditors, Deloitte & Touche LLP. The Company is working with its independent auditors to complete its review of these matters and will file amendments to the affected prior filings as soon as practicable.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HUNTSMAN INTERNATIONAL LLC |
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By: |
/s/ L. RUSSELL HEALY L. Russell Healy Vice President and Controller |
Dated: October 12, 2004