Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Revenues $ 2,295 $ 1,932
Cost of goods sold 1,755 1,542
Gross profit 540 390
Operating expenses:    
Selling, general and administrative 192 192
Research and development 38 34
Restructuring, impairment and plant closing costs 2 9
Other operating expense (income), net 12 (7)
Total operating expenses 244 228
Operating income 296 162
Interest expense (27) (48)
Equity in income of investment in unconsolidated affiliates 13  
Other income, net 7 4
Income from continuing operations before income taxes 289 118
Income tax expense (53) (19)
Income from continuing operations 236 99
Income (loss) from discontinued operations, net of tax 114 (7)
Net income 350 92
Net income attributable to noncontrolling interests (76) (16)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 274 $ 76
Basic income (loss) per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.66 $ 0.35
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax x (in dollars per share) 0.48 (0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.14 $ 0.32
Weighted average shares (in shares) 240.8 237.4
Diluted income (loss) per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 0.65 $ 0.34
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax 0.46 (0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.11 $ 0.31
Weighted average shares (in shares) 245.9 242.5
Amounts attributable to Huntsman Corporation common stockholders:    
Income from continuing operations $ 160 $ 83
Income (loss) from discontinued operations, net of tax 114 (7)
Net income attributable to Huntsman Corporation or Huntsman International LLC $ 274 $ 76
Dividends per share (in dollars per share) $ 0.1625 $ 0.125
Third Party Customers    
Revenues:    
Revenues $ 2,255 $ 1,891
Related Party Customers    
Revenues:    
Revenues 40 41
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Revenues:    
Revenues 2,295 1,932
Cost of goods sold 1,754 1,540
Gross profit 541 392
Operating expenses:    
Selling, general and administrative 191 190
Research and development 38 34
Restructuring, impairment and plant closing costs 2 9
Other operating expense (income), net 12 (6)
Total operating expenses 243 227
Operating income 298 165
Interest expense (32) (51)
Equity in income of investment in unconsolidated affiliates 13  
Other income, net 6 4
Income from continuing operations before income taxes 285 118
Income tax expense (52) (19)
Income from continuing operations 233 99
Income (loss) from discontinued operations, net of tax 114 (8)
Net income 347 91
Net income attributable to noncontrolling interests (76) (16)
Net income attributable to Huntsman Corporation or Huntsman International LLC 271 75
Amounts attributable to Huntsman Corporation common stockholders:    
Net income attributable to Huntsman Corporation or Huntsman International LLC 271 75
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Third Party Customers    
Revenues:    
Revenues 2,255 1,891
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Related Party Customers    
Revenues:    
Revenues $ 40 $ 41