Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income $ 220 $ 117
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income of investment in unconsolidated affiliates (4) (5)
Depreciation and amortization 322 297
Gain on disposal of businesses/assets, net (22)  
Loss on early extinguishment of debt 3 31
Noncash interest expense 11 9
Noncash restructuring and impairment charges 11 87
Deferred income taxes 65 (51)
Noncash (gain) loss on foreign currency transactions (3) 12
Stock-based compensation 25 21
Portion of insurance proceeds representing cash provided by investing activities (8)  
Other, net 2 2
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts and notes receivable (6) (53)
Inventories 246 46
Prepaid expenses (7) (13)
Other current assets (12) 50
Other noncurrent assets (20) (92)
Accounts payable (16) (111)
Accrued liabilities 39 74
Other noncurrent liabilities 2 (34)
Net cash provided by operating activities 848 387
Investing Activities:    
Capital expenditures (290) (454)
Insurance proceeds for recovery of property damage 8  
Cash received from unconsolidated affiliates 25 33
Investment in unconsolidated affiliates (23) (38)
Acquisition of business, net of cash acquired   (14)
Cash received from purchase price adjustment for business acquired   18
Proceeds from sale of businesses/assets 9 1
Cash received from termination of cross-currency interest rate contracts   66
Change in restricted cash 1 5
Net cash used in investing activities (270) (383)
Financing Activities:    
Net repayments on overdraft facilities (1) (3)
Repayments of short-term debt (41) (17)
Borrowings on short-term debt 8 11
Repayments of long-term debt (795) (594)
Proceeds from issuance of long-term debt 552 326
Repayments of notes payable (25) (24)
Borrowings on notes payable 31 33
Debt issuance costs paid (8) (8)
Call premiums related to early extinguishment of debt   (34)
Contingent consideration paid for acquisition   (4)
Dividends paid to noncontrolling interests (26) (6)
Dividends paid to common stockholders (90) (92)
Repurchase and cancellation of stock awards (3) (7)
Proceeds from issuance of common stock   1
Excess tax benefit related to stock-based compensation   1
Other, net 1 (1)
Net cash used in financing activities (397) (418)
Effect of exchange rate changes on cash 1 (13)
Increase (decrease) in cash and cash equivalents 182 (427)
Cash and cash equivalents at beginning of period 257 [1] 860
Cash and cash equivalents at end of period 439 [1] 433
Supplemental cash flow information:    
Cash paid for interest 139 158
Cash paid for income taxes 29 81
Huntsman International    
Operating Activities:    
Net income 218 118
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in income of investment in unconsolidated affiliates (4) (5)
Depreciation and amortization 312 287
Gain on disposal of businesses/assets, net (22)  
Loss on early extinguishment of debt 3 31
Noncash interest expense 19 15
Noncash restructuring and impairment charges 11 87
Deferred income taxes 65 (51)
Noncash (gain) loss on foreign currency transactions (3) 12
Noncash compensation 24 20
Portion of insurance proceeds representing cash provided by investing activities (8)  
Other, net 5 3
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts and notes receivable (6) (53)
Inventories 246 46
Prepaid expenses (6) (13)
Other current assets (13) 43
Other noncurrent assets (20) (92)
Accounts payable (25) (118)
Accrued liabilities 39 80
Other noncurrent liabilities 8 (27)
Net cash provided by operating activities 843 383
Investing Activities:    
Capital expenditures (290) (454)
Insurance proceeds for recovery of property damage 8  
Cash received from unconsolidated affiliates 25 33
Investment in unconsolidated affiliates (23) (38)
Acquisition of business, net of cash acquired   (14)
Cash received from purchase price adjustment for business acquired   18
Proceeds from sale of businesses/assets 9 1
Decrease (increase) in receivable from affiliate 3 (1)
Cash received from termination of cross-currency interest rate contracts   66
Change in restricted cash 1 5
Net cash used in investing activities (267) (384)
Financing Activities:    
Net repayments on overdraft facilities (1) (3)
Repayments of short-term debt (41) (17)
Borrowings on short-term debt 8 11
Repayments of long-term debt (795) (594)
Proceeds from issuance of long-term debt 552 326
Repayments of notes payable to affiliate (1) (50)
Proceeds from issuance of notes payable from affiliate   195
Repayments of notes payable (25) (24)
Borrowings on notes payable 31 33
Debt issuance costs paid (8) (8)
Call premiums related to early extinguishment of debt   (34)
Contingent consideration paid for acquisition   (4)
Dividends paid to noncontrolling interests (26) (6)
Dividends paid to parent (90) (92)
Excess tax benefit related to stock-based compensation   1
Other, net 1  
Net cash used in financing activities (395) (266)
Effect of exchange rate changes on cash 1 (13)
Increase (decrease) in cash and cash equivalents 182 (280)
Cash and cash equivalents at beginning of period 257 [1] 710
Cash and cash equivalents at end of period 439 [1] 430
Supplemental cash flow information:    
Cash paid for interest 139 158
Cash paid for income taxes $ 29 $ 81
[1] At September 30, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $28 and $26 of accounts and notes receivable (net), $42 and $54 of inventories, $6 and $5 of other current assets, $291 and $307 of property, plant and equipment (net), $32 and $36 of intangible assets (net), $38 each of other noncurrent assets, $69 and $82 of accounts payable, $30 and $27 of accrued liabilities, $20 and $15 of current portion of debt, $114 and $137 of longterm debt, and $56 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 4. Variable Interest Entities.”