Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Trade sales, services and fees, net $ 9,526 $ 10,168 $ 11,317
Related party sales 131 131 261
Total revenues 9,657 10,299 11,578
Cost of goods sold 7,979 8,451 9,659
Gross profit 1,678 1,848 1,919
Operating expenses:      
Selling, general and administrative 920 982 974
Research and development 152 160 158
Restructuring, impairment and plant closing costs 81 302 158
Spin-off separation expenses 18    
Other operating income, net (140) (1) (4)
Total expenses 1,031 1,443 1,286
Operating income 647 405 633
Interest expense (202) (205) (205)
Equity in income of investment in unconsolidated affiliates 5 6 6
Loss on early extinguishment of debt (3) (31) (28)
Other income (loss), net 1 1 (2)
Income from continuing operations before income taxes 448 176 404
Income tax expense (87) (46) (51)
Income from continuing operations 361 130 353
Loss from discontinued operations, net of tax (4) (4) (8)
Net income 357 126 345
Net income attributable to noncontrolling interests (31) (33) (22)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 326 $ 93 $ 323
Basic income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.40 $ 0.40 $ 1.36
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.02) (0.02) (0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.38 $ 0.38 $ 1.33
Weighted average shares (in shares) 236.3 242.8 242.1
Diluted income (loss) per share:      
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.38 $ 0.40 $ 1.34
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.02) (0.02) (0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.36 $ 0.38 $ 1.31
Weighted average shares (in shares) 239.6 245.4 246.0
Amounts attributable to Huntsman Corporation common stockholders:      
Income from continuing operations $ 330 $ 97 $ 331
Loss from discontinued operations, net of tax $ (4) $ (4) $ (8)
Dividends per share (in dollars per share) $ 0.50 $ 0.50 $ 0.50
Huntsman International      
Revenues:      
Trade sales, services and fees, net $ 9,526 $ 10,168 $ 11,317
Related party sales 131 131 261
Total revenues 9,657 10,299 11,578
Cost of goods sold 7,975 8,447 9,651
Gross profit 1,682 1,852 1,927
Operating expenses:      
Selling, general and administrative 916 977 969
Research and development 152 160 158
Restructuring, impairment and plant closing costs 81 302 158
Spin-off separation expenses 18    
Other operating income, net (140)   (4)
Total expenses 1,027 1,439 1,281
Operating income 655 413 646
Interest expense (214) (214) (214)
Equity in income of investment in unconsolidated affiliates 5 6 6
Loss on early extinguishment of debt (3) (31) (28)
Other income (loss), net 1 2 (1)
Income from continuing operations before income taxes 444 176 409
Income tax expense (86) (45) (43)
Income from continuing operations 358 131 366
Loss from discontinued operations, net of tax (4) (4) (9)
Net income 354 127 357
Net income attributable to noncontrolling interests (31) (33) (22)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 323 $ 94 $ 335