Annual report pursuant to Section 13 and 15(d)

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)

v2.4.1.9
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.