Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of allocation of acquisition cost to the assets acquired and liabilities assumed

The preliminary allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions):


Fair value of assets acquired and liabilities assumed:
Cash paid for Demilec Acquisition in Q2 2018	$	357
Purchase price adjustment received in Q3 2018		(4)
Net acquisition cost	$	353

Cash	$	1
Accounts receivable		31
Inventories		23
Prepaid expenses and other current assets		1
Property, plant and equipment, net		21
Intangible assets		177
Goodwill		142
Accounts payable		(16)
Accrued liabilities		(3)
Deferred income taxes		(22)
Other noncurrent liabilities		(2)
Total fair value of net assets acquired	$	353

Schedule of estimated pro forma revenues and net income

If this acquisition were to have occurred on January 1, 2017, the following estimated pro forma revenues, net income, net income attributable to Huntsman Corporation and Huntsman International and income per share for Huntsman Corporation would have been reported (dollars in millions):


	Pro Forma (Unaudited)
	Year ended December 31,
	2018		2017
Revenues	$	9,437	$	8,523
Net income		639		728
Net income attributable to Huntsman Corporation		326		623

Income per share:
Basic		1.37		2.61
Diluted		1.35		2.55


	Pro Forma (Unaudited)
	Year ended December 31,
	2018		2017
Revenues	$	9,437	$	8,523
Net income		625		721
Net income attributable to Huntsman International		312		616