Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL (Tables)

v3.3.1.900
CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL (Tables) - Huntsman International
12 Months Ended
Dec. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL INFORMATION-HUNTSMAN INTERNATIONAL  
CONDENSED CONSOLIDATING BALANCE SHEETS

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2015
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International
LLC

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

44 

 

$

 

$

212 

 

$

 

$

257 

Restricted cash

 

 

 

 

 

 

12 

 

 

 

 

12 

Accounts and notes receivable, net

 

 

21 

 

 

96 

 

 

1,298 

 

 

 

 

1,420 

Accounts receivable from affiliates

 

 

2,163 

 

 

4,730 

 

 

163 

 

 

(6,716)

 

 

340 

Inventories

 

 

101 

 

 

322 

 

 

1,275 

 

 

(6)

 

 

1,692 

Prepaid expenses

 

 

49 

 

 

31 

 

 

91 

 

 

(60)

 

 

111 

Other current assets

 

 

790 

 

 

 

 

212 

 

 

(704)

 

 

306 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current assets

 

 

3,168 

 

 

5,188 

 

 

3,263 

 

 

(7,481)

 

 

4,138 

Property, plant and equipment, net

 

 

473 

 

 

1,433 

 

 

2,503 

 

 

 

 

4,410 

Investment in unconsolidated affiliates

 

 

5,991 

 

 

1,558 

 

 

263 

 

 

(7,465)

 

 

347 

Intangible assets, net

 

 

32 

 

 

 

 

51 

 

 

 

 

86 

Goodwill

 

 

(13)

 

 

82 

 

 

47 

 

 

 

 

116 

Deferred income taxes

 

 

473 

 

 

 

 

430 

 

 

(485)

 

 

418 

Notes receivable from affiliates

 

 

36 

 

 

539 

 

 

 

 

(581)

 

 

Other noncurrent assets

 

 

71 

 

 

223 

 

 

279 

 

 

 

 

573 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

10,231 

 

$

9,026 

 

$

6,842 

 

$

(16,011)

 

$

10,088 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

50 

 

$

207 

 

$

772 

 

$

 

$

1,034 

Accounts payable to affiliates

 

 

3,905 

 

 

973 

 

 

1,891 

 

 

(6,717)

 

 

52 

Accrued liabilities

 

 

74 

 

 

793 

 

 

581 

 

 

(765)

 

 

683 

Note payable to affiliate

 

 

100 

 

 

 

 

 

 

 

 

100 

Current portion of debt

 

 

89 

 

 

 

 

81 

 

 

 

 

170 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current liabilities

 

 

4,218 

 

 

1,973 

 

 

3,325 

 

 

(7,477)

 

 

2,039 

Long-term debt

 

 

4,229 

 

 

 

 

396 

 

 

 

 

4,625 

Notes payable to affiliates

 

 

703 

 

 

 

 

576 

 

 

(581)

 

 

698 

Deferred income taxes

 

 

24 

 

 

276 

 

 

36 

 

 

82 

 

 

418 

Other noncurrent liabilities

 

 

160 

 

 

241 

 

 

819 

 

 

 

 

1,224 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities

 

 

9,334 

 

 

2,490 

 

 

5,152 

 

 

(7,972)

 

 

9,004 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Huntsman International LLC members' equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Members' equity

 

 

3,196 

 

 

4,517 

 

 

3,394 

 

 

(7,911)

 

 

3,196 

Accumulated (deficit) income

 

 

(983)

 

 

652 

 

 

(557)

 

 

(95)

 

 

(983)

Accumulated other comprehensive (loss) income

 

 

(1,316)

 

 

1,367 

 

 

(1,311)

 

 

(56)

 

 

(1,316)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total Huntsman International LLC members' equity

 

 

897 

 

 

6,536 

 

 

1,526 

 

 

(8,062)

 

 

897 

Noncontrolling interests in subsidiaries

 

 

 

 

 

 

164 

 

 

23 

 

 

187 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total equity

 

 

897 

 

 

6,536 

 

 

1,690 

 

 

(8,039)

 

 

1,084 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities and equity

 

$

10,231 

 

$

9,026 

 

$

6,842 

 

$

(16,011)

 

$

10,088 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF DECEMBER 31, 2014
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International
LLC

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

353 

 

$

 

$

351 

 

$

 

$

710 

Restricted cash

 

 

 

 

 

 

10 

 

 

 

 

10 

Accounts and notes receivable, net

 

 

57 

 

 

127 

 

 

1,476 

 

 

 

 

1,665 

Accounts receivable from affiliates

 

 

2,256 

 

 

4,732 

 

 

152 

 

 

(6,794)

 

 

346 

Inventories

 

 

120 

 

 

350 

 

 

1,558 

 

 

(3)

 

 

2,025 

Prepaid expenses

 

 

17 

 

 

 

 

46 

 

 

(11)

 

 

61 

Deferred income taxes

 

 

12 

 

 

 

 

68 

 

 

(18)

 

 

62 

Other current assets

 

 

697 

 

 

 

 

208 

 

 

(606)

 

 

306 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current assets

 

 

3,512 

 

 

5,231 

 

 

3,869 

 

 

(7,427)

 

 

5,185 

Property, plant and equipment, net

 

 

431 

 

 

1,251 

 

 

2,692 

 

 

 

 

4,375 

Investment in unconsolidated affiliates

 

 

6,024 

 

 

1,594 

 

 

256 

 

 

(7,524)

 

 

350 

Intangible assets, net

 

 

35 

 

 

 

 

56 

 

 

 

 

96 

Goodwill

 

 

(15)

 

 

82 

 

 

55 

 

 

 

 

122 

Deferred income taxes

 

 

454 

 

 

 

 

435 

 

 

(454)

 

 

435 

Notes receivable from affiliates

 

 

23 

 

 

592 

 

 

 

 

(615)

 

 

Other noncurrent assets

 

 

48 

 

 

203 

 

 

212 

 

 

(4)

 

 

459 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

10,512 

 

$

8,958 

 

$

7,575 

 

$

(16,023)

 

$

11,022 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

LIABILITIES AND EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

55 

 

$

290 

 

$

868 

 

$

 

$

1,218 

Accounts payable to affiliates

 

 

3,696 

 

 

974 

 

 

2,198 

 

 

(6,794)

 

 

74 

Accrued liabilities

 

 

102 

 

 

699 

 

 

553 

 

 

(618)

 

 

736 

Deferred income taxes

 

 

 

 

51 

 

 

20 

 

 

(19)

 

 

52 

Note payable to affiliate

 

 

100 

 

 

 

 

 

 

 

 

100 

Current portion of debt

 

 

40 

 

 

 

 

227 

 

 

 

 

267 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total current liabilities

 

 

3,993 

 

 

2,014 

 

 

3,866 

 

 

(7,426)

 

 

2,447 

Long-term debt

 

 

4,550 

 

 

 

 

304 

 

 

 

 

4,854 

Notes payable to affiliates

 

 

650 

 

 

 

 

621 

 

 

(615)

 

 

656 

Deferred income taxes

 

 

29 

 

 

197 

 

 

46 

 

 

54 

 

 

326 

Other noncurrent liabilities

 

 

167 

 

 

261 

 

 

1,015 

 

 

 

 

1,443 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities

 

 

9,389 

 

 

2,472 

 

 

5,852 

 

 

(7,987)

 

 

9,726 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Huntsman International LLC members' equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Members' equity

 

 

3,166 

 

 

4,676 

 

 

3,127 

 

 

(7,803)

 

 

3,166 

Accumulated (deficit) income

 

 

(956)

 

 

409 

 

 

(501)

 

 

92 

 

 

(956)

Accumulated other comprehensive (loss) income

 

 

(1,087)

 

 

1,401 

 

 

(1,076)

 

 

(325)

 

 

(1,087)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total Huntsman International LLC members' equity

 

 

1,123 

 

 

6,486 

 

 

1,550 

 

 

(8,036)

 

 

1,123 

Noncontrolling interests in subsidiaries

 

 

 

 

 

 

173 

 

 

 

 

173 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total equity

 

 

1,123 

 

 

6,486 

 

 

1,723 

 

 

(8,036)

 

 

1,296 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total liabilities and equity

 

$

10,512 

 

$

8,958 

 

$

7,575 

 

$

(16,023)

 

$

11,022 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS) INCOME
YEAR ENDED DECEMBER 31, 2015
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International
LLC

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade sales, services and fees, net

 

$

1,054 

 

$

2,478 

 

$

6,636 

 

$

 

$

10,168 

Related party sales

 

 

238 

 

 

470 

 

 

1,062 

 

 

(1,639)

 

 

131 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

1,292 

 

 

2,948 

 

 

7,698 

 

 

(1,639)

 

 

10,299 

Cost of goods sold

 

 

1,026 

 

 

2,341 

 

 

6,717 

 

 

(1,637)

 

 

8,447 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Gross profit

 

 

266 

 

 

607 

 

 

981 

 

 

(2)

 

 

1,852 

Selling, general and administrative

 

 

172 

 

 

174 

 

 

631 

 

 

 

 

977 

Research and development

 

 

54 

 

 

45 

 

 

61 

 

 

 

 

160 

Other operating (income) expense

 

 

(27)

 

 

(29)

 

 

56 

 

 

 

 

Restructuring, impairment and plant closing costs

 

 

 

 

12 

 

 

283 

 

 

 

 

302 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

60 

 

 

405 

 

 

(50)

 

 

(2)

 

 

413 

Interest (expense) income

 

 

(220)

 

 

35 

 

 

(29)

 

 

 

 

(214)

Equity in income (loss) of investment in affiliates and subsidiaries

 

 

169 

 

 

(57)

 

 

 

 

(111)

 

 

Loss on early extinguishment of debt

 

 

(31)

 

 

 

 

 

 

 

 

(31)

Other income (loss)

 

 

 

 

(12)

 

 

13 

 

 

(1)

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

(Loss) income from continuing operations before income taxes

 

 

(20)

 

 

371 

 

 

(61)

 

 

(114)

 

 

176 

Income tax benefit (expense)

 

 

113 

 

 

(123)

 

 

24 

 

 

(59)

 

 

(45)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Income (loss) from continuing operations

 

 

93 

 

 

248 

 

 

(37)

 

 

(173)

 

 

131 

Income (loss) from discontinued operations, net of tax

 

 

 

 

(2)

 

 

(3)

 

 

 

 

(4)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

 

94 

 

 

246 

 

 

(40)

 

 

(173)

 

 

127 

Net income attributable to noncontrolling interests

 

 

 

 

 

 

(22)

 

 

(11)

 

 

(33)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) attributable to Huntsman International LLC

 

$

94 

 

$

246 

 

$

(62)

 

$

(184)

 

$

94 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

$

94 

 

$

246 

 

$

(40)

 

$

(173)

 

$

127 

Other comprehensive loss

 

 

(229)

 

 

(35)

 

 

(248)

 

 

278 

 

 

(234)

Comprehensive income attributable to noncontrolling interests

 

 

 

 

 

 

(13)

 

 

(15)

 

 

(28)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Comprehensive (loss) income attributable to Huntsman International LLC

 

$

(135)

 

$

211 

 

$

(301)

 

$

90 

 

$

(135)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS) INCOME
YEAR ENDED DECEMBER 31, 2014
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International
LLC

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade sales, services and fees, net

 

  $

1,194

 

  $

3,164

 

  $

6,959

 

  $

 

  $

11,317

 

Related party sales

 

 

299

 

 

511

 

 

1,377

 

 

(1,926

)

 

261

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

1,493

 

 

3,675

 

 

8,336

 

 

(1,926

)

 

11,578

 

Cost of goods sold

 

 

1,222

 

 

2,909

 

 

7,451

 

 

(1,931

)

 

9,651

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Gross profit

 

 

271

 

 

766

 

 

885

 

 

5

 

 

1,927

 

Selling, general and administrative

 

 

164

 

 

163

 

 

642

 

 

 

 

969

 

Research and development

 

 

48

 

 

40

 

 

70

 

 

 

 

158

 

Other operating (income) expense

 

 

(7

)

 

(8

)

 

11

 

 

 

 

(4

)

Restructuring, impairment and plant closing costs

 

 

7

 

 

5

 

 

146

 

 

 

 

158

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income

 

 

59

 

 

566

 

 

16

 

 

5

 

 

646

 

Interest (expense) income

 

 

(204

)

 

37

 

 

(47

)

 

 

 

(214

)

Equity in income (loss) of investment in affiliates and subsidiaries

 

 

186

 

 

(51

)

 

6

 

 

(135

)

 

6

 

Loss on early extinguishment of debt

 

 

(28

)

 

 

 

 

 

 

 

(28

)

Other income (loss)

 

 

3

 

 

(5

)

 

3

 

 

(2

)

 

(1

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Income (loss) from continuing operations before income taxes

 

 

16

 

 

547

 

 

(22

)

 

(132

)

 

409

 

Income tax benefit (expense)

 

 

318

 

 

(202

)

 

(2

)

 

(157

)

 

(43

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Income from continuing operations

 

 

334

 

 

345

 

 

(24

)

 

(289

)

 

366

 

Income (loss) from discontinued operations, net of tax

 

 

1

 

 

 

 

(10

)

 

 

 

(9

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

 

335

 

 

345

 

 

(34

)

 

(289

)

 

357

 

Net income attributable to noncontrolling interests

 

 

 

 

 

 

(18

)

 

(4

)

 

(22

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) attributable to Huntsman International LLC

 

  $

335

 

  $

345

 

  $

(52

)

  $

(293

)

  $

335

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

  $

335

 

  $

345

 

  $

(34

)

  $

(289

)

  $

357

 

Other comprehensive (loss) income

 

 

(469

)

 

115

 

 

(440

)

 

310

 

 

(484

)

Comprehensive income attributable to noncontrolling interests

 

 

 

 

 

 

(8

)

 

1

 

 

(7

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Comprehensive (loss) income attributable to Huntsman International LLC

 

  $

(134

)

  $

460

 

  $

(482

)

  $

22

 

  $

(134

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
YEAR ENDED DECEMBER 31, 2013
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International
LLC

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade sales, services and fees, net

 

  $

1,039

 

  $

3,193

 

  $

6,615

 

  $

 

  $

10,847

 

Related party sales

 

 

315

 

 

470

 

 

1,277

 

 

(1,830

)

 

232

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total revenues

 

 

1,354

 

 

3,663

 

 

7,892

 

 

(1,830

)

 

11,079

 

Cost of goods sold

 

 

1,097

 

 

2,904

 

 

7,137

 

 

(1,829

)

 

9,309

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Gross profit

 

 

257

 

 

759

 

 

755

 

 

(1

)

 

1,770

 

Selling, general and administrative

 

 

168

 

 

131

 

 

637

 

 

 

 

936

 

Research and development

 

 

51

 

 

38

 

 

51

 

 

 

 

140

 

Other operating (income) expense

 

 

(6

)

 

(10

)

 

26

 

 

 

 

10

 

Restructuring, impairment and plant closing costs

 

 

13

 

 

15

 

 

123

 

 

 

 

151

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Operating income (loss)

 

 

31

 

 

585

 

 

(82

)

 

(1

)

 

533

 

Interest (expense) income, net

 

 

(185

)

 

43

 

 

(61

)

 

 

 

(203

)

Equity in income (loss) of investment in affiliates and subsidiaries

 

 

118

 

 

(134

)

 

8

 

 

16

 

 

8

 

Loss on early extinguishment of debt

 

 

(51

)

 

 

 

 

 

 

 

(51

)

Other income

 

 

2

 

 

 

 

2

 

 

(2

)

 

2

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

(Loss) income from continuing operations before income taxes

 

 

(85

)

 

494

 

 

(133

)

 

13

 

 

289

 

Income tax benefit (expense)

 

 

210

 

 

(200

)

 

26

 

 

(173

)

 

(137

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Income (loss) from continuing operations

 

 

125

 

 

294

 

 

(107

)

 

(160

)

 

152

 

Income (loss) from discontinued operations, net of tax

 

 

1

 

 

(1

)

 

(5

)

 

 

 

(5

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

 

126

 

 

293

 

 

(112

)

 

(160

)

 

147

 

Net income attributable to noncontrolling interests

 

 

 

 

 

 

(22

)

 

1

 

 

(21

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss) attributable to Huntsman International LLC

 

  $

126

 

  $

293

 

  $

(134

)

  $

(159

)

  $

126

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net income (loss)

 

  $

126

 

  $

293

 

  $

(112

)

  $

(160

)

  $

147

 

Other comprehensive income

 

 

173

 

 

34

 

 

48

 

 

(77

)

 

178

 

Comprehensive income attributable to noncontrolling interests

 

 

 

 

 

 

(23

)

 

(3

)

 

(26

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Comprehensive income (loss) attributable to Huntsman International LLC

 

  $

299

 

  $

327

 

  $

(87

)

  $

(240

)

  $

299

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2015
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International
LLC

 

Net cash (used in) provided by operating activities

 

  $

(23

)

  $

277

 

  $

318

 

  $

(2

)

  $

570

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

 

(70

)

 

(267

)

 

(326

)

 

 

 

(663

)

Cash received from unconsolidated affiliates

 

 

 

 

48

 

 

 

 

 

 

48

 

Investment in affiliate

 

 

34

 

 

3

 

 

(6

)

 

(31

)

 

 

Investment in unconsolidated affiliates

 

 

 

 

(42

)

 

(12

)

 

 

 

(54

)

Acquisition of businesses, net of cash acquired

 

 

 

 

 

 

(14

)

 

 

 

(14

)

Cash received from purchase price adjustment for business acquired

 

 

18

 

 

 

 

 

 

 

 

18

 

Proceeds from sale of businesses/assets

 

 

 

 

 

 

1

 

 

 

 

1

 

Increase in receivable from affiliate

 

 

1

 

 

 

 

 

 

 

 

1

 

Cash received from termination of cross-currency interest rate contracts

 

 

66

 

 

 

 

 

 

 

 

66

 

Change in restricted cash

 

 

 

 

 

 

(3

)

 

 

 

(3

)

Other, net

 

 

1

 

 

 

 

 

 

 

 

1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash provided by (used in) investing activities

 

 

50

 

 

(258

)

 

(360

)

 

(31

)

 

(599

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Financing activities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net repayments under revolving loan facilities

 

 

 

 

 

 

(1

)

 

 

 

(1

)

Net borrowings on overdraft facilities

 

 

 

 

 

 

(8

)

 

 

 

(8

)

Borrowings on short-term debt

 

 

 

 

 

 

12

 

 

 

 

12

 

Repayments of long-term debt

 

 

(548

)

 

 

 

(56

)

 

 

 

(604

)

Proceeds from issuance of long-term debt

 

 

326

 

 

 

 

 

 

 

 

326

 

Repayments of notes payable to affiliate

 

 

(148

)

 

 

 

 

 

 

 

(148

)

Proceeds from notes payable to affiliate

 

 

201

 

 

 

 

 

 

(6

)

 

195

 

Repayments of notes payable

 

 

(32

)

 

 

 

(1

)

 

 

 

(33

)

Borrowings on notes payable

 

 

32

 

 

 

 

2

 

 

 

 

34

 

Debt issuance costs paid

 

 

(8

)

 

 

 

 

 

 

 

(8

)

Call premiums related to early extinguishment of debt

 

 

(35

)

 

 

 

 

 

 

 

(35

)

Contingent consideration paid for acquisition

 

 

(4

)

 

 

 

 

 

 

 

(4

)

Dividends paid to noncontrolling intrests

 

 

 

 

 

 

(14

)

 

 

 

(14

)

Contribution from parent

 

 

 

 

5

 

 

(7

)

 

2

 

 

 

Distribution to parent

 

 

 

 

(27

)

 

(8

)

 

35

 

 

 

Dividends paid to parent

 

 

(121

)

 

(2

)

 

 

 

2

 

 

(121

)

Excess tax benefit related to stock-based compensation

 

 

1

 

 

 

 

 

 

 

 

1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Net cash used in financing activities

 

 

(336

)

 

(24

)

 

(81

)

 

33

 

 

(408

)

Effect of exchange rate changes on cash

 

 

 

 

 

 

(16

)

 

 

 

(16

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Decrease in cash and cash equivalents

 

 

(309

)

 

(5

)

 

(139

)

 

 

 

(453

)

Cash and cash equivalents at beginning of period

 

 

353

 

 

6

 

 

351

 

 

 

 

710

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cash and cash equivalents at end of period

 

  $

44

 

  $

1

 

  $

212

 

  $

 

  $

257

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2014
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International LLC

Net cash provided by operating activities

 

$
25 

 

$
252 

 

$
480 

 

$
(3)

 

$
754 

​  

​  

​  

​  

​  

Investing activities:

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

(85)

 

(223)

 

(293)

 

 

(601)

Cash received from unconsolidated affiliates

 

 

48 

 

 

 

51 

Investment in affiliate

 

38 

 

(10)

 

 

(28)

 

Investment in unconsolidated affiliates

 

 

(37)

 

(71)

 

 

(108)

Acquisition of businesses, net of cash acquired

 

(1,038)

 

 

78 

 

 

(960)

Proceeds from sale of businesses/assets

 

 

 

12 

 

 

15 

Increase in receivable from affiliate

 

(2)

 

 

 

 

(2)

Other, net

 

 

 

(2)

 

 

(2)

​  

​  

​  

​  

​  

Net cash used in investing activities

 

(1,084)

 

(222)

 

(273)

 

(28)

 

(1,607)

​  

​  

​  

​  

​  

Financing activities:

 

 

 

 

 

 

 

 

 

 

Net repayments under revolving loan facilities

 

 

 

(1)

 

 

(1)

Net borrowings on overdraft facilities

 

 

 

(5)

 

 

(5)

Repayments of short-term debt

 

 

 

(8)

 

 

(8)

Borrowings on short-term debt

 

 

 

15 

 

 

15 

Repayments of long-term debt

 

(372)

 

 

(46)

 

 

(418)

Proceeds from issuance of long-term debt

 

1,792 

 

 

 

 

1,792 

Repayments of notes payable to affiliate

 

(122)

 

 

 

 

(122)

Repayments of notes payable

 

(32)

 

 

(2)

 

 

(34)

Borrowings on notes payable

 

31 

 

 

 

 

33 

Debt issuance costs paid

 

(67)

 

 

 

 

(67)

Call premiums related to early extinguishment of debt

 

(24)

 

 

 

 

(24)

Contingent consideration paid for acquisition

 

(6)

 

 

 

 

(6)

Contribution from parent

 

 

11 

 

(4)

 

(7)

 

Dividends paid to noncontrolling interests

 

 

 

(4)

 

 

(4)

Distribution to parent

 

 

(34)

 

(1)

 

35 

 

Dividends paid to parent

 

(97)

 

(2)

 

 

 

(97)

Excess tax benefit related to stock-based compensation

 

 

 

 

 

Other, net

 

 

 

 

 

​  

​  

​  

​  

​  

Net cash provided by (used in) financing activities

 

1,104 

 

(24)

 

(52)

 

31 

 

1,059 

Effect of exchange rate changes on cash

 

 

 

(11)

 

 

(11)

​  

​  

​  

​  

​  

Increase in cash and cash equivalents

 

45 

 

 

144 

 

 

195 

Cash and cash equivalents at beginning of period

 

308 

 

 

207 

 

 

515 

​  

​  

​  

​  

​  

Cash and cash equivalents at end of period

 

$
353 

 

$

 

$
351 

 

$—

 

$
710 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2013
(In Millions)

                                                                                                                                                                                    

 

 

Parent
Company

 

Guarantors

 

Nonguarantors

 

Eliminations

 

Consolidated
Huntsman
International LLC

Net cash provided by operating activities

 

$
113 

 

$
167 

 

$
456 

 

$
(2)

 

$
734 

​  

​  

​  

​  

​  

Investing activities:

 

 

 

 

 

 

 

 

 

 

Capital expenditures

 

(52)

 

(134)

 

(285)

 

 

(471)

Cash received from unconsolidated affiliates

 

 

71 

 

 

 

71 

Investment in affiliate

 

68 

 

(11)

 

 

(57)

 

Investment in unconsolidated affiliates

 

 

(60)

 

(44)

 

 

(104)

Acquisition of a business, net of cash acquired

 

(66)

 

 

 

 

(66)

Proceeds from sale of businesses/assets

 

 

 

 

 

Increase in receivable from affiliate

 

(48)

 

 

 

 

(48)

Other, net

 

(2)

 

 

 

 

​  

​  

​  

​  

​  

Net cash used in investing activities

 

(100)

 

(134)

 

(323)

 

(57)

 

(614)

​  

​  

​  

​  

​  

Financing activities:

 

 

 

 

 

 

 

 

 

 

Net repayments under revolving loan facilities

 

 

 

(4)

 

 

(4)

Net borrowings on overdraft facilities

 

 

 

(9)

 

 

(9)

Repayments of short-term debt

 

 

 

(18)

 

 

(18)

Borrowings on short-term debt

 

 

 

15 

 

 

15 

Repayments of long-term debt

 

(761)

 

 

(79)

 

 

(840)

Proceeds from issuance of long-term debt

 

978 

 

 

 

 

979 

Proceeds from notes payable to affiliate

 

177 

 

 

 

 

177 

Repayments of notes payable

 

(33)

 

 

(7)

 

 

(40)

Borrowings on notes payable

 

33 

 

 

 

 

35 

Debt issuance costs paid

 

(11)

 

 

 

 

(11)

Call premiums and other costs related to early extinguishment of debt

 

(4)

 

 

 

 

(4)

Contribution from parent

 

 

11 

 

(24)

 

13 

 

Distribution to parent

 

 

(44)

 

 

44 

 

Dividends paid to parent

 

(96)

 

(2)

 

 

 

(96)

Excess tax benefit related to stock-based compensation

 

 

 

 

 

Other, net

 

 

 

(1)

 

 

​  

​  

​  

​  

​  

Net cash provided by (used in) financing activities

 

288 

 

(35)

 

(124)

 

59 

 

188 

Effect of exchange rate changes on cash

 

 

 

(3)

 

 

(3)

​  

​  

​  

​  

​  

Increase (decrease) in cash and cash equivalents

 

301 

 

(2)

 

 

 

305 

Cash and cash equivalents at beginning of period

 

 

 

201 

 

 

210 

​  

​  

​  

​  

​  

Cash and cash equivalents at end of period

 

$
308 

 

$—

 

$
207 

 

$—

 

$
515 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​