|
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Quarterly Financial Information |
|
| Summary of selected unaudited quarterly financial data |
A summary of selected unaudited quarterly financial data for the years ended December 31, 2014 and 2013 is as follows (dollars in millions, except per share amounts):
|
|
|
Three months ended
|
|
|
|
|
March 31,
2014
|
|
June 30,
2014
|
|
September 30,
2014(1)
|
|
December 31,
2014
|
|
|
Revenues
|
|
$
|
2,755
|
|
$
|
2,988
|
|
$
|
2,884
|
|
$
|
2,951
|
|
|
Gross profit
|
|
|
450
|
|
|
505
|
|
|
515
|
|
|
449
|
|
|
Restructuring, impairment and plant closing costs
|
|
|
39
|
|
|
13
|
|
|
39
|
|
|
67
|
|
|
Income (loss) from continuing operations
|
|
|
69
|
|
|
124
|
|
|
194
|
|
|
(34
|
)
|
|
Net income (loss)
|
|
|
62
|
|
|
124
|
|
|
194
|
|
|
(35
|
)
|
|
Net income (loss) attributable to Huntsman Corporation
|
|
|
54
|
|
|
119
|
|
|
188
|
|
|
(38
|
)
|
|
Basic income per share(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
0.25
|
|
|
0.49
|
|
|
0.77
|
|
|
(0.16
|
)
|
|
Net income (loss) attributable to Huntsman Corporation common stockholders
|
|
|
0.22
|
|
|
0.49
|
|
|
0.77
|
|
|
(0.16
|
)
|
|
Diluted income (loss) per share(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
0.25
|
|
|
0.48
|
|
|
0.76
|
|
|
(0.16
|
)
|
|
Net income (loss) attributable to Huntsman Corporation common stockholders
|
|
|
0.22
|
|
|
0.48
|
|
|
0.76
|
|
|
(0.16
|
)
|
|
|
|
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
|
|
|
349
|
|
|
451
|
|
|
507
|
|
|
446
|
|
|
Restructuring, impairment and plant closing costs
|
|
|
44
|
|
|
29
|
|
|
37
|
|
|
41
|
|
|
(Loss) income from continuing operations
|
|
|
(15
|
)
|
|
54
|
|
|
72
|
|
|
43
|
|
|
Net (loss) income
|
|
|
(17
|
)
|
|
54
|
|
|
70
|
|
|
42
|
|
|
Net (loss) income attributable to Huntsman Corporation
|
|
|
(24
|
)
|
|
47
|
|
|
64
|
|
|
41
|
|
|
Basic income (loss) per share(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
(0.09
|
)
|
|
0.20
|
|
|
0.28
|
|
|
0.17
|
|
|
Net (loss) income attributable to Huntsman Corporation common stockholders
|
|
|
(0.10
|
)
|
|
0.20
|
|
|
0.27
|
|
|
0.17
|
|
|
Diluted (loss) income per share(2):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders
|
|
|
(0.09
|
)
|
|
0.19
|
|
|
0.27
|
|
|
0.17
|
|
|
Net (loss) income attributable to Huntsman Corporation common stockholders
|
|
|
(0.10
|
)
|
|
0.19
|
|
|
0.26
|
|
|
0.17
|
|
|
(1)
|
During the three months ended September 30, 2014, as a result of extensive research and analysis, we filed amended U.S. tax returns for tax years 2008 through 2012, along with our original U.S. tax return for tax year 2013, and made elections which allowed us to utilize U.S. foreign tax credits. As a result of utilizing these assets that had been subject to a valuation allowance, we recognized a discrete income tax benefit of $94 million in the third quarter of 2014.
|
|
(2)
|
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.
|
|
| Huntsman International |
|
| Quarterly Financial Information |
|
| Summary of selected unaudited quarterly financial data |
A summary of selected unaudited quarterly financial data for the years ended December 31, 2014 and 2013 is as follows (dollars in millions, except per share amounts):
|
|
|
Three months ended
|
|
|
|
|
March 31,
2014
|
|
June 30,
2014
|
|
September 30,
2014(1)
|
|
December 31,
2014
|
|
|
Revenues
|
|
$
|
2,755
|
|
$
|
2,988
|
|
$
|
2,884
|
|
$
|
2,951
|
|
|
Gross profit
|
|
|
455
|
|
|
506
|
|
|
516
|
|
|
450
|
|
|
Restructuring, impairment and plant closing costs
|
|
|
39
|
|
|
13
|
|
|
39
|
|
|
67
|
|
|
Income (loss) from continuing operations
|
|
|
72
|
|
|
125
|
|
|
204
|
|
|
(35
|
)
|
|
Net income (loss)
|
|
|
65
|
|
|
125
|
|
|
204
|
|
|
(37
|
)
|
|
Net income (loss) attributable to Huntsman International
|
|
|
57
|
|
|
120
|
|
|
198
|
|
|
(40
|
)
|
|
|
|
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
|
|
|
(23
|
)
|
|
49
|
|
|
68
|
|
|
32
|
|
|
(1)
|
During the three months ended September 30, 2014, as a result of extensive research and analysis, we filed amended U.S. tax returns for tax years 2008 through 2012, along with our original U.S. tax return for tax year 2013, and made elections which allowed us to utilize U.S. foreign tax credits. As a result of utilizing these assets that had been subject to a valuation allowance, we recognized a discrete income tax benefit of $94 million in the third quarter of 2014.
|
|
(2)
|
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.
|
|