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

Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATION AND ACQUISITIONS (Tables)

BUSINESS COMBINATION AND ACQUISITIONS (Tables)

9 Months Ended

Sep. 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)
	Nine months
	ended
	September 30, 2018
Revenues	$	5,841
Net income		954
Net income attributable to Huntsman Corporation		666

Income per share:
Basic		2.79
Diluted		2.74

Schedule of effects of changes in ownership interest in joint venture

The effects of changes in our ownership interest in Sasol-Huntsman on the equity attributable to Huntsman Corporation and Huntsman International are as follows (dollars in millions):


	Nine months
	ended
	September 30,
	2019		2018
Net income attributable to Huntsman Corporation shareholders	$	259	$	677

Decrease in Huntsman Corporation’s paid-in capital for purchase of 50% interest in Sasol-Huntsman		(6)		—
Net transfers to noncontrolling interest		(6)		—
Change from net income attributable to Huntsman Corporation shareholders and transfers to noncontrolling interest	$	253	$	677

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Pro Forma (Unaudited)
	Nine months
	ended
	September 30, 2018
Revenues	$	5,841
Net income		945
Net income attributable to Huntsman International		657

Schedule of effects of changes in ownership interest in joint venture


	Nine months
	ended
	September 30,
	2019		2018
Net income attributable to Huntsman International shareholders	$	250	$	668

Decrease in Huntsman International’s paid-in capital for purchase of 50% interest in Sasol-Huntsman		(6)		—
Net transfers to noncontrolling interest		(6)		—
Change from net income attributable to Huntsman International shareholders and transfers to noncontrolling interest	$	244	$	668