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

3 Months Ended

12 Months Ended

Jun. 30, 2015

Mar. 31, 2015

Sep. 30, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

$ 575

$ 760

$ 708

Investing Activities:

Capital expenditures

(663)

(601)

(471)

Cash received from unconsolidated affiliates

48

51

71

Investment in unconsolidated affiliates

(54)

(108)

(104)

Acquisition of businesses, net of cash acquired

(14)

(960)

(66)

Cash received from purchase price adjustment for business acquired

$ 18

18

Proceeds from sale of businesses/assets

1

15

2

Cash received from termination of cross-currency interest rate contracts

66

Change in restricted cash

(3)

1

(3)

2

Net cash provided by (used in) investing activities

(600)

(1,606)

(566)

Financing activities:

Net repayments under revolving loan facilities

(1)

(1)

(4)

Net borrowings on overdraft facilities

(8)

(5)

(9)

Repayments of short-term debt

(8)

(18)

Borrowings on short-term debt

12

15

15

Repayments of long-term debt

(604)

(418)

(840)

Proceeds from issuance of long-term debt

326

1,792

979

Repayments of notes payable

(33)

(34)

(40)

Borrowings on notes payable

34

33

35

Debt issuance costs paid

(8)

(67)

(11)

Call premiums related to early extinguishment of debt

(35)

(24)

(4)

Contingent consideration paid for business acquired

(4)

(6)

Dividends paid to noncontrolling interests

(14)

(4)

Excess tax benefit related to stock-based compensation

1

1

1

(1)

4

3

Net cash (used in) provided by financing activities

(562)

1,197

(6)

Effect of exchange rate changes on cash

(16)

(11)

(3)

(Decrease) increase in cash and cash equivalents

(603)

340

133

Cash and cash equivalents at beginning of period

$ 860

^[1]

860

^[1]

520

387

Cash and cash equivalents at end of period

257

^[1]

860

^[1]

520

Huntsman International

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

570

754

734

Investing Activities:

Capital expenditures

(663)

(601)

(471)

Cash received from unconsolidated affiliates

48

51

71

Investment in unconsolidated affiliates

(54)

(108)

(104)

Acquisition of businesses, net of cash acquired

(14)

(960)

(66)

Cash received from purchase price adjustment for business acquired

18

Proceeds from sale of businesses/assets

1

15

2

Decrease (increase) in receivable from affiliate

1

(2)

(48)

Cash received from termination of cross-currency interest rate contracts

66

Change in restricted cash

(3)

1

(2)

2

Net cash provided by (used in) investing activities

(599)

(1,607)

(614)

Financing activities:

Net repayments under revolving loan facilities

(1)

(1)

(4)

Net borrowings on overdraft facilities

(8)

(5)

(9)

Repayments of short-term debt

(8)

(18)

Borrowings on short-term debt

12

15

15

Repayments of long-term debt

(604)

(418)

(840)

Proceeds from issuance of long-term debt

326

1,792

979

Repayments of notes payable to affiliate

(148)

(122)

Proceeds from notes payable to affiliate

195

177

Repayments of notes payable

(33)

(34)

(40)

Borrowings on notes payable

34

33

35

Debt issuance costs paid

(8)

(67)

(11)

Call premiums related to early extinguishment of debt

(35)

(24)

(4)

Contingent consideration paid for business acquired

(4)

(6)

Dividends paid to noncontrolling interests

(14)

(4)

Dividends paid to parent

(121)

(97)

(96)

Excess tax benefit related to stock-based compensation

1

1

1

4

3

Net cash (used in) provided by financing activities

(408)

1,059

188

Effect of exchange rate changes on cash

(16)

(11)

(3)

(Decrease) increase in cash and cash equivalents

(453)

195

305

Cash and cash equivalents at beginning of period

710

^[1]

710

^[1]

515

210

Cash and cash equivalents at end of period

257

^[1]

710

^[1]

515

Noncash capital contribution between guarantor and nonguarantor entities

284

$ 116

Noncash capital contribution between parent and guarantor entities

123

Reportable legal entities | Huntsman International | Parent Company

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

(23)

25

113

Investing Activities:

Capital expenditures

(70)

(85)

(52)

Investment in affiliate

34

38

68

Acquisition of businesses, net of cash acquired

(1,038)

(66)

Cash received from purchase price adjustment for business acquired

18

Proceeds from sale of businesses/assets

3

Decrease (increase) in receivable from affiliate

1

(2)

(48)

Cash received from termination of cross-currency interest rate contracts

66

1

(2)

Net cash provided by (used in) investing activities

50

(1,084)

(100)

Financing activities:

Repayments of long-term debt

(548)

(372)

(761)

Proceeds from issuance of long-term debt

326

1,792

978

Repayments of notes payable to affiliate

(148)

(122)

Proceeds from notes payable to affiliate

201

177

Repayments of notes payable

(32)

(32)

(33)

Borrowings on notes payable

32

31

33

Debt issuance costs paid

(8)

(67)

(11)

Call premiums related to early extinguishment of debt

(35)

(24)

(4)

Contingent consideration paid for business acquired

(4)

(6)

Dividends paid to parent

(121)

(97)

(96)

Excess tax benefit related to stock-based compensation

1

1

1

4

Net cash (used in) provided by financing activities

(336)

1,104

288

(Decrease) increase in cash and cash equivalents

(309)

45

301

Cash and cash equivalents at beginning of period

353

353

308

7

Cash and cash equivalents at end of period

44

353

308

Reportable legal entities | Huntsman International | Guarantors

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

277

252

167

Investing Activities:

Capital expenditures

(267)

(223)

(134)

Cash received from unconsolidated affiliates

48

48

71

Investment in affiliate

3

(10)

(11)

Investment in unconsolidated affiliates

(42)

(37)

(60)

Net cash provided by (used in) investing activities

(258)

(222)

(134)

Financing activities:

Contribution from parent

5

11

11

Distribution to parent

(27)

(34)

(44)

Dividends paid to parent

(2)

(2)

(2)

1

Net cash (used in) provided by financing activities

(24)

(24)

(35)

(Decrease) increase in cash and cash equivalents

(5)

6

(2)

Cash and cash equivalents at beginning of period

6

6

2

Cash and cash equivalents at end of period

1

6

Reportable legal entities | Huntsman International | Nonguarantors

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

318

480

456

Investing Activities:

Capital expenditures

(326)

(293)

(285)

Cash received from unconsolidated affiliates

3

Investment in affiliate

(6)

Investment in unconsolidated affiliates

(12)

(71)

(44)

Acquisition of businesses, net of cash acquired

(14)

78

Proceeds from sale of businesses/assets

1

12

2

Change in restricted cash

(3)

(2)

4

Net cash provided by (used in) investing activities

(360)

(273)

(323)

Financing activities:

Net repayments under revolving loan facilities

(1)

(1)

(4)

Net borrowings on overdraft facilities

(8)

(5)

(9)

Repayments of short-term debt

(8)

(18)

Borrowings on short-term debt

12

15

15

Repayments of long-term debt

(56)

(46)

(79)

Proceeds from issuance of long-term debt

1

Repayments of notes payable

(1)

(2)

(7)

Borrowings on notes payable

2

2

2

Contribution from parent

(7)

(4)

(24)

Dividends paid to noncontrolling interests

(14)

(4)

Distribution to parent

(8)

(1)

2

(1)

Net cash (used in) provided by financing activities

(81)

(52)

(124)

Effect of exchange rate changes on cash

(16)

(11)

(3)

(Decrease) increase in cash and cash equivalents

(139)

144

6

Cash and cash equivalents at beginning of period

$ 351

351

207

201

Cash and cash equivalents at end of period

212

351

207

Eliminations | Huntsman International

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

(2)

(3)

(2)

Investing Activities:

Investment in affiliate

(31)

(28)

(57)

Net cash provided by (used in) investing activities

(31)

(28)

(57)

Financing activities:

Proceeds from notes payable to affiliate

(6)

Contribution from parent

2

(7)

13

Distribution to parent

35

35

44

Dividends paid to parent

2

2

2

1

Net cash (used in) provided by financing activities

$ 33

$ 31

$ 59

[1]

At December 31, 2015 and December 31, 2014, respectively, $34 and $46 of cash and cash equivalents, $12 and $10 of restricted cash, $26 and $41 of accounts and notes receivable (net), $54 and $68 of inventories, $5 and $6 of other current assets, $307 and $339 of property, plant and equipment (net), $36 and $40 of intangible assets (net), $38 and $27 of other noncurrent assets, $82 and $92 of accounts payable, $27 and $37 of accrued liabilities, $15 and $172 of current portion of debt, $137 and $36 of longterm debt, and $54 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”