Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 3)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 3) (USD $)
In Millions, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Condensed consolidating statements of cash flows

Net cash (used in) provided by operating activities

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

51

71

82

Investment in unconsolidated affiliates

Acquisition of businesses, net of cash acquired

Proceeds from sale of businesses/assets

15

2

6

2

Net cash used in investing activities

Financing activities:

Net repayments under revolving loan facilities

Net borrowings on overdraft facilities

2

Repayments of short-term debt

Borrowings on short-term debt

15

15

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayments of notes payable

Borrowings on notes payable

33

35

34

Debt issuance costs paid

Call premiums related to early extinguishment of debt

Contingent consideration paid for acquisition

Excess tax benefit related to stock-based compensation

1

1

4

3

Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash

3

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

^[1]

Cash and cash equivalents at end of period

^[1]

^[1]

Huntsman International

Condensed consolidating statements of cash flows

Net cash (used in) provided by operating activities

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

51

71

82

Investment in unconsolidated affiliates

Acquisition of businesses, net of cash acquired

Proceeds from sale of businesses/assets

15

2

6

Increase in receivable from affiliate

2

Net cash used in investing activities

Financing activities:

Net repayments under revolving loan facilities

Net borrowings on overdraft facilities

2

Repayments of short-term debt

Borrowings on short-term debt

15

15

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayments of notes payable to affiliate

Proceeds from notes payable to affiliate

Repayments of notes payable

Borrowings on notes payable

33

35

34

Debt issuance costs paid

Call premiums related to early extinguishment of debt

Contingent consideration paid for acquisition

Dividends paid to parent

Excess tax benefit related to stock-based compensation

1

1

4

3

Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash

3

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

^[1]

Cash and cash equivalents at end of period

^[1]

^[1]

Intercompany notes as a noncash transaction between guarantor and nonguarantors entities capitalized

Reportable legal entities | Huntsman International | Parent Company

Condensed consolidating statements of cash flows

Net cash (used in) provided by operating activities

25

85

Investing Activities:

Capital expenditures

Investment in affiliate

38

68

Investment in unconsolidated affiliates

Acquisition of businesses, net of cash acquired

Proceeds from sale of businesses/assets

3

Increase in receivable from affiliate

Net cash used in investing activities

91

Financing activities:

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayments of notes payable to affiliate

Proceeds from notes payable to affiliate

Repayments of notes payable

Borrowings on notes payable

31

33

33

Debt issuance costs paid

Call premiums related to early extinguishment of debt

Contingent consideration paid for acquisition

Dividends paid to parent

Excess tax benefit related to stock-based compensation

1

1

4

4

Net cash provided by (used in) financing activities

Increase (decrease) in cash and cash equivalents

45

3

Cash and cash equivalents at beginning of period

7

4

Cash and cash equivalents at end of period

7

Reportable legal entities | Huntsman International | Guarantors

Condensed consolidating statements of cash flows

Net cash (used in) provided by operating activities

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

48

71

80

Investment in affiliate

Investment in unconsolidated affiliates

1

Net cash used in investing activities

Financing activities:

Contribution from parent

11

11

14

Distribution to parent

Dividends paid to parent

1

Net cash provided by (used in) financing activities

Increase (decrease) in cash and cash equivalents

6

2

Cash and cash equivalents at beginning of period

2

Cash and cash equivalents at end of period

6

2

Reportable legal entities | Huntsman International | Nonguarantors

Condensed consolidating statements of cash flows

Net cash (used in) provided by operating activities

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

3

2

Investment in affiliate

48

Investment in unconsolidated affiliates

Acquisition of businesses, net of cash acquired

78

Proceeds from sale of businesses/assets

12

2

6

4

Net cash used in investing activities

Financing activities:

Net repayments under revolving loan facilities

Net borrowings on overdraft facilities

2

Repayments of short-term debt

Borrowings on short-term debt

15

15

Repayments of long-term debt

Proceeds from issuance of long-term debt

1

5

Repayments of notes payable

Borrowings on notes payable

2

2

1

Contribution from parent

Distribution to parent

Dividends paid to parent

Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash

3

Increase (decrease) in cash and cash equivalents

6

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

Eliminations | Huntsman International

Condensed consolidating statements of cash flows

Net cash (used in) provided by operating activities

Investing Activities:

Investment in affiliate

Net cash used in investing activities

Financing activities:

Contribution from parent

13

Distribution to parent

35

44

Dividends paid to parent

2

2

3

1

Net cash provided by (used in) financing activities

[1]

At December 31, 2014 and December 31, 2013, respectively, $46 and $39 of cash and cash equivalents, $10 and $9 of restricted cash, $41 each of accounts and notes receivable (net), $68 and $54 of inventories, $6 and $3 of other current assets, $339 and $369 of property, plant and equipment (net), $40 and $17 of intangible assets (net), $27 and $28 of other noncurrent assets, $92 and $73 of accounts payable, $37 and $32 of accrued liabilities, $172 and $183 of current portion of debt, $36 and $64 of longterm debt, and $97 and $45 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”