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
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities:    
Net income $ 350 $ 92
Less: (Income) loss from discontinued operations, net of tax (114) 7
Income from continuing operations 236 99
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (13)  
Depreciation and amortization 82 76
Loss on disposal of businesses/assets, net 2  
Noncash interest expense   4
Noncash restructuring and impairment charges 2  
Deferred income taxes 2 8
Noncash loss (gain) on foreign currency transactions 5 (4)
Stock-based compensation 8 9
Other, net   (12)
Changes in operating assets and liabilities    
Accounts and notes receivable (104) (55)
Inventories (105) (109)
Prepaid expenses (8) (2)
Other current assets 15 (14)
Other noncurrent assets 1 (7)
Accounts payable 36 83
Accrued liabilities (42) (16)
Other noncurrent liabilities (6) 10
Net cash provided by operating activities from continuing operations 111 70
Net cash provided by operating activities from discontinued operations 52 23
Net cash provided by operating activities 163 93
Investing Activities:    
Capital expenditures (55) (51)
Acquisition of a business, net of cash acquired (14)  
Other, net   4
Net cash used in investing activities from continuing operations (69) (47)
Net cash (used in) provided by investing activities from discontinued operations (67) 24
Net cash used in investing activities (136) (23)
Financing Activities:    
Net repayments on overdraft facilities (1)  
Repayments of short-term debt (2) (6)
Borrowings on short-term debt 2 2
Repayments of long-term debt (4) (7)
Proceeds from issuance of long-term debt   8
Repayments of notes payable (9) (5)
Dividends paid to noncontrolling interests (18) (3)
Contribution from noncontrolling interests   2
Dividends paid to common stockholders (39) (30)
Repurchase and cancellation of stock awards (11) (8)
Proceeds from issuance of common stock 5 17
Repurchase of common stock (51)  
Proceeds from the secondary offering of P&A Business 44  
Cash paid for expenses of the offering of P&A Business (2)  
Other, net   (1)
Net cash used in financing activities (86) (31)
Effect of exchange rate changes on cash 16 5
(Decrease) increase in cash, cash equivalents and restricted cash (43) 44
Cash and cash equivalents from continuing operations at beginning of period 481 396
Cash and cash equivalents from discontinued operations at beginning of period 238 29
Cash and cash equivalents at end of period 676 469
Supplemental cash flow information:    
Cash paid for interest 31 36
Cash paid for income taxes 41 8
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Operating Activities:    
Net income 347 91
Less: (Income) loss from discontinued operations, net of tax (114) 8
Income from continuing operations 233 99
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (13)  
Depreciation and amortization 81 74
Loss on disposal of businesses/assets, net 2  
Noncash interest expense 5 7
Noncash restructuring and impairment charges 2  
Deferred income taxes 2 8
Noncash loss (gain) on foreign currency transactions 5 (4)
Noncash compensation 7 8
Other, net   (11)
Changes in operating assets and liabilities    
Accounts and notes receivable (105) (55)
Inventories (105) (109)
Prepaid expenses (8) (2)
Other current assets 14 (14)
Other noncurrent assets 1 (7)
Accounts payable 31 80
Accrued liabilities (42) (17)
Other noncurrent liabilities (5) 11
Net cash provided by operating activities from continuing operations 105 68
Net cash provided by operating activities from discontinued operations 52 22
Net cash provided by operating activities 157 90
Investing Activities:    
Capital expenditures (55) (51)
Acquisition of a business, net of cash acquired (14)  
Increase in receivable in affiliate (9) (7)
Other, net   5
Net cash used in investing activities from continuing operations (78) (53)
Net cash (used in) provided by investing activities from discontinued operations (67) 24
Net cash used in investing activities (145) (29)
Financing Activities:    
Net repayments on overdraft facilities (1)  
Repayments of short-term debt (2) (6)
Borrowings on short-term debt 2 2
Repayments of long-term debt (4) (7)
Proceeds from issuance of long-term debt   8
Repayments of notes payable to affiliate (40) (5)
Proceeds from issuance of notes payable to affiliate   15
Repayments of notes payable (9)  
Dividends paid to noncontrolling interests (18) (3)
Contribution from noncontrolling interests   2
Dividends paid to parent (39) (30)
Proceeds from the secondary offering of P&A Business 44  
Cash paid for expenses of the offering of P&A Business (2)  
Net cash used in financing activities (69) (24)
Effect of exchange rate changes on cash 16 5
(Decrease) increase in cash, cash equivalents and restricted cash (41) 42
Cash and cash equivalents from continuing operations at beginning of period 479 395
Cash and cash equivalents from discontinued operations at beginning of period 238 29
Cash and cash equivalents at end of period 676 466
Supplemental cash flow information:    
Cash paid for interest 31 36
Cash paid for income taxes $ 41 $ 8