Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities:    
Net income $ 107 $ 411
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on the consolidation of a business   4
Equity in income of investment in unconsolidated affiliates (6) (5)
Depreciation and amortization 326 324
Loss on disposal of businesses/assets, net 4 2
Loss on early extinguishment of debt 35 2
Noncash interest (income) expense 7 27
Noncash restructuring and impairment charges 7 10
Deferred income taxes 31 47
Noncash loss on foreign currency transactions 23 9
Stock-based compensation 21 21
Other, net 1 3
Changes in operating assets and liabilities:    
Accounts and notes receivable (146) (102)
Inventories 118 (252)
Prepaid expenses (16) (17)
Other current assets 17 12
Other noncurrent assets (108) (8)
Accounts payable (18) 122
Accrued liabilities (45) 15
Other noncurrent liabilities 30 (69)
Net cash provided by operating activities 388 556
Investing Activities:    
Capital expenditures (295) (248)
Investment in unconsolidated affiliates (76) (84)
Proceeds from sale of businesses/assets (1)  
Cash received from unconsolidated affiliates 48 51
Acquisition of a business (66) (18)
Increase in restricted cash   (2)
Other, net 2 2
Net cash used in investing activities (388) (299)
Financing Activities:    
Net repayments under revolving loan facilities (3) (16)
Net borrowings on overdraft facilities (2) 2
Repayments of short-term debt (18) (40)
Borrowings on short-term debt 14  
Repayments of long-term debt (459) (242)
Proceeds from issuance of long-term debt 572 3
Repayments of notes payable (30) (33)
Borrowings on notes payable 34 34
Debt issuance costs paid (4) (4)
Call premiums and other costs related to early extinguishment of debt (4) (2)
Dividends paid to common stockholders (90) (72)
Repurchase and cancellation of stock awards (6) (7)
Proceeds from issuance of common stock 4 2
Excess tax benefit related to stock-based compensation 4 4
Other, net   (7)
Net cash provided by (used in) financing activities 12 (378)
Effect of exchange rate changes on cash (2) 2
Increase (decrease) in cash and cash equivalents 10 (119)
Cash and cash equivalents at beginning of period 387 [1] 554
Cash and cash equivalents at end of period 397 [1] 435
Supplemental cash flow information:    
Cash paid for interest 152 177
Cash paid for income taxes 60 153
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Operating Activities:    
Net income 114 418
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on the consolidation of a business   4
Equity in income of investment in unconsolidated affiliates (6) (5)
Depreciation and amortization 308 306
Loss on disposal of businesses/assets, net 4 2
Loss on early extinguishment of debt 35 2
Noncash interest (income) expense (1) 36
Noncash restructuring and impairment charges 7 10
Deferred income taxes 6 127
Noncash loss on foreign currency transactions 23 9
Noncash compensation 20 20
Other, net 3 5
Changes in operating assets and liabilities:    
Accounts and notes receivable (146) (102)
Inventories 118 (252)
Prepaid expenses (16) (17)
Other current assets 17 (14)
Other noncurrent assets (108) (8)
Accounts payable (9) 112
Accrued liabilities (20) 45
Other noncurrent liabilities 33 (65)
Net cash provided by operating activities 382 633
Investing Activities:    
Capital expenditures (295) (248)
Increase in receivable from affiliate (16) (97)
Investment in unconsolidated affiliates (76) (84)
Proceeds from sale of businesses/assets (1)  
Cash received from unconsolidated affiliates 48 51
Acquisition of a business (66) (18)
Increase in restricted cash   (2)
Other, net 2 2
Net cash used in investing activities (404) (396)
Financing Activities:    
Net repayments under revolving loan facilities (3) (16)
Net borrowings on overdraft facilities (2) 2
Repayments of short-term debt (18) (40)
Borrowings on short-term debt 14  
Repayments of long-term debt (459) (242)
Proceeds from issuance of long-term debt 572 3
Proceeds from notes payable to affiliate 177 172
Repayments of notes payable (30) (33)
Borrowings on notes payable 34 34
Debt issuance costs paid (4) (4)
Call premiums and other costs related to early extinguishment of debt (4) (2)
Dividends paid to parent (90) (72)
Excess tax benefit related to stock-based compensation 4 4
Other, net 1 (5)
Net cash provided by (used in) financing activities 192 (199)
Effect of exchange rate changes on cash (2) 2
Increase (decrease) in cash and cash equivalents 168 40
Cash and cash equivalents at beginning of period 210 [1] 231
Cash and cash equivalents at end of period 378 [1] 271
Supplemental cash flow information:    
Cash paid for interest 170 177
Cash paid for income taxes $ 60 $ 70
[1] At September 30, 2013 and December 31, 2012, respectively, $45 and $28 of cash and cash equivalents, $9 each of restricted cash, $46 and $38 of accounts and notes receivable (net), $49 and $55 of inventories, $2 and nil of other current assets, $367 and $378 of property, plant and equipment (net), $17 and $19 of intangible assets (net), $28 each of other noncurrent assets, $134 and $76 of accounts payable, $28 and $26 of accrued liabilities, $186 and $193 of current portion of debt, $70 and $77 of long-term debt, and $88 and $101 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 5. Variable Interest Entities."