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
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income $ 973 $ 275
Less: Income from discontinued operations, net of tax (448) (38)
Income from continuing operations 525 237
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 (31) (3)
Depreciation and amortization 165 155
Loss (gain) on disposal of businesses/assets, net 3 (6)
Loss on early extinguishment of debt 3 1
Noncash interest expense 1 6
Noncash restructuring and impairment charges 2 1
Deferred income taxes (86) 16
Noncash loss (gain) on foreign currency transactions 4 (7)
Stock-based compensation 15 17
Other, net 3 2
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts and notes receivable (94) (120)
Inventories (107) (137)
Prepaid expenses (1) 2
Other current assets 7 51
Other noncurrent assets (68) (13)
Accounts payable 50 79
Accrued liabilities (92) (20)
Other noncurrent liabilities 40 16
Net cash provided by operating activities from continuing operations 339 277
Net cash provided by operating activities from discontinued operations 301 117
Net cash provided by operating activities 640 394
Investing Activities:    
Capital expenditures (109) (101)
Acquisition of businesses, net of cash acquired (370) (14)
Proceeds from sale of businesses/assets   19
Other, net (1) 1
Net cash used in investing activities from continuing operations (480) (95)
Net cash (used in) provided by investing activities from discontinued operations (161) 12
Net cash used in investing activities (641) (83)
Financing Activities:    
Net borrowings (repayments) under revolving loan facility 315 (36)
Net repayments on overdraft facilities (1)  
Repayments of short-term debt (4) (8)
Borrowings on short-term debt 4 4
Repayments of long-term debt (13) (122)
Proceeds from issuance of long-term debt   10
Repayments of notes payable (18) (13)
Debt issuance costs paid (4) (3)
Dividends paid to noncontrolling interests (31) (10)
Contribution from noncontrolling interests   2
Dividends paid to common stockholders (78) (60)
Repurchase and cancellation of stock awards (29) (8)
Proceeds from issuance of common stock 15 20
Repurchase of common stock (135)  
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 provided by (used in) financing activities 64 (224)
Effect of exchange rate changes on cash (19) 8
Increase in cash, cash equivalents and restricted cash 44 95
Cash, cash equivalents and restricted cash from continuing operations at beginning of period 481 396
Cash, cash equivalents and restricted cash from discontinued operations at beginning of period 238 29
Cash, cash equivalents and restricted cash at end of period 763 520
Supplemental cash flow information:    
Cash paid for interest 83 92
Cash paid (received) for income taxes 97 (57)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES    
Operating Activities:    
Net income 967 273
Less: Income from discontinued operations, net of tax (448) (36)
Income from continuing operations 519 237
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 (31) (3)
Depreciation and amortization 164 149
Loss (gain) on disposal of businesses/assets, net 3 (6)
Loss on early extinguishment of debt 3 1
Noncash interest expense 11 13
Noncash restructuring and impairment charges 2 1
Deferred income taxes (86) 16
Noncash loss (gain) on foreign currency transactions 4 (7)
Noncash compensation 14 16
Other, net 3 1
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts and notes receivable (96) (118)
Inventories (107) (137)
Prepaid expenses (1) 2
Other current assets 5 50
Other noncurrent assets (68) (13)
Accounts payable 40 72
Accrued liabilities (92) (20)
Other noncurrent liabilities 42 20
Net cash provided by operating activities from continuing operations 329 274
Net cash provided by operating activities from discontinued operations 301 115
Net cash provided by operating activities 630 389
Investing Activities:    
Capital expenditures (109) (101)
Acquisition of businesses, net of cash acquired (370) (14)
Proceeds from sale of businesses/assets   19
Increase in receivable in affiliate (23) (4)
Other, net (1) 2
Net cash used in investing activities from continuing operations (503) (98)
Net cash (used in) provided by investing activities from discontinued operations (161) 12
Net cash used in investing activities (664) (86)
Financing Activities:    
Net borrowings (repayments) under revolving loan facility 315 (36)
Net repayments on overdraft facilities (1)  
Repayments of short-term debt (4) (8)
Borrowings on short-term debt 4 4
Repayments of long-term debt (13) (122)
Proceeds from issuance of long-term debt   10
Repayments of notes payable to affiliate (115)  
Proceeds from issuance of notes payable to affiliate   18
Repayments of notes payable (18) (13)
Debt issuance costs paid (4) (3)
Dividends paid to noncontrolling interests (31) (10)
Contribution from noncontrolling interests   2
Dividends paid to parent (78) (60)
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 provided by (used in) financing activities 98 (218)
Effect of exchange rate changes on cash (19) 8
Increase in cash, cash equivalents and restricted cash 45 93
Cash, cash equivalents and restricted cash from continuing operations at beginning of period 479 395
Cash, cash equivalents and restricted cash from discontinued operations at beginning of period 238 29
Cash, cash equivalents and restricted cash at end of period 762 517
Supplemental cash flow information:    
Cash paid for interest 83 92
Cash paid (received) for income taxes $ 97 $ (57)