Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Total revenues [1] $ 2,389 $ 1,837
Cost of goods sold 1,824 1,445
Gross profit 565 392
Operating expenses:    
Selling, general and administrative 216 207
Research and development 38 38
Restructuring, impairment and plant closing costs 0 24
Other operating expenses (income), net 7 (3)
Total operating expenses 261 266
Operating income 304 126
Interest expense, net (14) (19)
Equity in income of investment in unconsolidated affiliates 15 38
Fair value adjustments to Venator investment (2) (19)
Other income, net 1 7
Income from continuing operations before income taxes 304 133
Income tax expense (65) (34)
Income from continuing operations 239 99
Income from discontinued operations, net of tax 1 1
Net income 240 100
Net income attributable to noncontrolling interests (17) (17)
Net income attributable to Huntsman Corporation $ 223 $ 83
Basic income per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.04 $ 0.38
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0.01 0
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.05 $ 0.38
Weighted average shares (in shares) 212.7 220.4
Diluted income per share:    
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.03 $ 0.37
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0.01 0
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.04 $ 0.37
Weighted average shares (in shares) 215.4 222.6
Amounts attributable to Huntsman Corporation:    
Income from continuing operations $ 222 $ 82
Income from discontinued operations, net of tax 1 1
Net income attributable to Huntsman Corporation 223 83
Huntsman International LLC [Member]    
Revenues:    
Total revenues 2,389 1,837
Cost of goods sold 1,824 1,445
Gross profit 565 392
Operating expenses:    
Selling, general and administrative 213 204
Research and development 38 38
Restructuring, impairment and plant closing costs 0 24
Other operating expenses (income), net 7 (3)
Total operating expenses 258 263
Operating income 307 129
Interest expense, net (14) (19)
Equity in income of investment in unconsolidated affiliates 15 38
Fair value adjustments to Venator investment (2) (19)
Other income, net 1 7
Income from continuing operations before income taxes 307 136
Income tax expense (65) (35)
Income from continuing operations 242 101
Income from discontinued operations, net of tax 1 1
Net income 243 102
Net income attributable to noncontrolling interests (17) (17)
Net income attributable to Huntsman Corporation 226 85
Amounts attributable to Huntsman Corporation:    
Net income attributable to Huntsman Corporation 226 85
Third Party Customers [Member]    
Revenues:    
Total revenues 2,329 1,802
Third Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Total revenues 2,329 1,802
Related Party Customers [Member]    
Revenues:    
Total revenues 60 35
Related Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Total revenues $ 60 $ 35
[1] Geographic information for revenues is based upon countries into which product is sold.