Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Trade sales, services and fees, net $ 10,847 $ 10,964 $ 11,041
Related party sales 232 223 180
Total revenues 11,079 11,187 11,221
Cost of goods sold 9,326 9,153 9,381
Gross profit 1,753 2,034 1,840
Operating expenses:      
Selling, general and administrative 942 951 921
Research and development 140 152 166
Other operating expense (income) 10 (6) (20)
Restructuring, impairment and plant closing costs 151 92 167
Total expenses 1,243 1,189 1,234
Operating income 510 845 606
Interest expense, net (190) (226) (249)
Equity in income of investment in unconsolidated affiliates 8 7 8
Loss on early extinguishment of debt (51) (80) (7)
Other income 2 1 2
Income from continuing operations before income taxes 279 547 360
Income tax expense (125) (169) (109)
Income from continuing operations 154 378 251
Loss from discontinued operations, net of tax (5) (7) (1)
Income before extraordinary gain 149 371 250
Extraordinary gain on the acquisition of a business, net of tax of nil   2 4
Net income 149 373 254
Net income attributable to noncontrolling interests (21) (10) (7)
Net income attributable to Huntsman Corporation or Huntsman International LLC 128 363 247
Basic income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.55 $ 1.55 $ 1.03
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ (0.02) $ (0.03)  
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   $ 0.01 $ 0.01
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.53 $ 1.53 $ 1.04
Weighted average shares (in shares) 239.7 237.6 237.6
Diluted income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.55 $ 1.53 $ 1.01
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ (0.02) $ (0.03)  
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)   $ 0.01 $ 0.01
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.53 $ 1.51 $ 1.02
Weighted average shares (in shares) 242.4 240.6 241.7
Amounts attributable to Huntsman Corporation common stockholders:      
Income from continuing operations 133 368 244
Loss from discontinued operations, net of tax (5) (7) (1)
Extraordinary gain on the acquisition of a business, net of tax   2 4
Net income 128 363 247
Dividends per share (in dollars per share) $ 0.50 $ 0.40 $ 0.40
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
      
Revenues:      
Trade sales, services and fees, net 10,847 10,964 11,041
Related party sales 232 223 180
Total revenues 11,079 11,187 11,221
Cost of goods sold 9,309 9,146 9,363
Gross profit 1,770 2,041 1,858
Operating expenses:      
Selling, general and administrative 936 934 916
Research and development 140 152 166
Other operating expense (income) 10 (6) (20)
Restructuring, impairment and plant closing costs 151 92 167
Total expenses 1,237 1,172 1,229
Operating income 533 869 629
Interest expense, net (203) (238) (262)
Equity in income of investment in unconsolidated affiliates 8 7 8
Loss on early extinguishment of debt (51) (80) (7)
Other income 2 1 2
Income from continuing operations before income taxes 289 559 370
Income tax expense (137) (179) (113)
Income from continuing operations 152 380 257
Loss from discontinued operations, net of tax (5) (7) (1)
Income before extraordinary gain 147 373 256
Extraordinary gain on the acquisition of a business, net of tax of nil   2 4
Net income 147 375 260
Net income attributable to noncontrolling interests (21) (10) (7)
Net income attributable to Huntsman Corporation or Huntsman International LLC 126 365 253
Amounts attributable to Huntsman Corporation common stockholders:      
Extraordinary gain on the acquisition of a business, net of tax   2 4
Net income $ 126 $ 365 $ 253