Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)

6 Months Ended

Jun. 30, 2019

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

The 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 the 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		140
Accounts payable		(16)
Accrued liabilities		(3)
Deferred income taxes		(22)
Other noncurrent liabilities		—
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, 2018, 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)
	Three months		Six months
	ended		ended
	June 30, 2018		June 30, 2018
Revenues	$	2,418	$	4,757
Net income		623		962
Net income attributable to Huntsman Corporation		414		677

Income per share:
Basic		1.73		2.82
Diluted		1.71		2.77

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Pro Forma (Unaudited)
	Three months		Six months
	ended		ended
	June 30, 2018		June 30, 2018
Revenues	$	2,418	$	4,754
Net income		620		956
Net income attributable to Huntsman International		411		671