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

Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS AND ACQUISITIONS (Tables)

BUSINESS COMBINATIONS AND ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2020

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 the CVC Thermoset Specialties Acquisition	$	306

Accounts receivable	$	12
Inventories		39
Property, plant and equipment		88
Intangible assets		60
Goodwill		119
Accounts payable		(7)
Deferred income taxes		(5)
Total fair value of net assets acquired	$	306

Schedule of estimated pro forma revenues and net income

If this acquisition were to have occurred on January 1, 2019, the following estimated pro forma revenues, net income and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions):


	Three months		Nine months
	ended		ended
	September 30,		September 30,
	2019		2020		2019
Revenues	$	1,714	$	4,382	$	5,228
Net (loss) income		61		707		327
Net (loss) income attributable to Huntsman Corporation		50		692		296

Icynene-Lapolla

BUSINESS COMBINATIONS

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 the Icynene-Lapolla Acquisition	$	353

Cash	$	7
Accounts receivable		37
Inventories		36
Prepaid expenses and other current assets		1
Property, plant and equipment		7
Intangible assets		165
Goodwill		134
Other noncurrent assets		3
Accounts payable		(13)
Accrued liabilities		(10)
Deferred income taxes		(14)
Total fair value of net assets acquired	$	353

Schedule of estimated pro forma revenues and net income


	Three months		Nine months
	ended		ended
	September 30,		September 30,
	2019		2020		2019
Revenues	$	1,746	$	4,380	$	5,312
Net income		36		702		280
Net income attributable to Huntsman Corporation		25		687		249

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | CVC Thermoset Specialties

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Three months		Nine months
	ended		ended
	September 30,		September 30,
	2019		2020		2019
Revenues	$	1,714	$	4,382	$	5,228
Net (loss) income		58		707		318
Net (loss) income attributable to Huntsman International		47		692		287

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Icynene-Lapolla

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Three months		Nine months
	ended		ended
	September 30,		September 30,
	2019		2020		2019
Revenues	$	1,746	$	4,380	$	5,312
Net income		33		702		271
Net income attributable to Huntsman International		22		687		240