Registration of securities issued in business combination transactions

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA

v2.4.0.8
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2013
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA  
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA

26. SELECTED UNAUDITED QUARTERLY FINANCIAL DATA

        A summary of selected unaudited quarterly financial data for the years ended December 31, 2013 and 2012 is as follows (dollars in millions, except per share amounts):

 
   Three months ended  
 
   March 31,
2013		   June 30,
2013		   September 30,
2013		   December 31,
2013		  

Revenues

   $ 2,702   $ 2,830   $ 2,842   $ 2,705  

Gross profit

     353     456     511     450  

Restructuring, impairment and plant closing costs

     44     29     37     41  

(Loss) income from continuing operations

     (14 )   56     76     34  

Net (loss) income

     (16 )   56     74     33  

Net (loss) income attributable to Huntsman International LLC

     (23 )   49     68     32  


 

 
   Three months ended  
 
   March 31,
2012(1)		   June 30,
2012		   September 30,
2012(1)		   December 31,
2012(1)(2)		  

Revenues

   $ 2,913   $ 2,914   $ 2,741   $ 2,619  

Gross profit

     554     532     542     413  

Restructuring, impairment and plant closing costs

     —     5     47     40  

Income (loss) from continuing operations

     170     133     121     (44 )

Income (loss) before extraordinary gain

     166     131     120     (44 )

Net income (loss)

     166     131     121     (43 )

Net income (loss) attributable to Huntsman International LLC

     166     127     117     (45 )
(1)
During 2012, our Polyurethanes segment implemented a restructuring program to reduce annualized fixed costs. In connection with this program, we recorded restructuring expenses of $5 million, $32 million and $1 million in the first, third and fourth quarters of 2012, respectively.

(2)
During the fourth quarter of 2012, our Advanced Materials segment began implementing a global transformational change program, subject to consultation with relevant employee representatives, designed to improve the segment's manufacturing efficiencies, enhance commercial excellence and ensure its long-term global competitiveness. In connection with this global transformational change program, we recorded charges of $28 million related primarily to workforce reduction costs.

Also during the fourth quarter of 2012, we recorded a loss on early extinguishment of debt of $77 million in connection with the redemption of $400 million of our 2016 Senior Notes.

(3)
Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.