Quarterly report pursuant to Section 13 or 15(d)

Unaudited condensed Consolidated Statements of Cash Flows

v3.24.3
Unaudited condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities:    
Net (loss) income $ (2) $ 212
Less: Loss (income) from discontinued operations, net of tax 12 (120)
Income from continuing operations 10 92
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (42) (70)
Cash received from return on investment in unconsolidated subsidiary 90 30
Depreciation and amortization 214 208
Noncash lease expense 57 51
Gain on acquisition of assets, net (51) 0
Noncash prepaid asset write-off 71 0
Deferred income taxes (4) 8
Noncash stock-based compensation 23 22
Other, net 19 27
Changes in operating assets and liabilities:    
Accounts and notes receivable (72) 17
Inventories (137) 33
Other current assets (2) 46
Other noncurrent assets (25) (34)
Accounts payable 21 (209)
Accrued liabilities 21 (60)
Other noncurrent liabilities (67) (76)
Net cash provided by operating activities from continuing operations 126 85
Net cash used in operating activities from discontinued operations (16) (40)
Net cash provided by operating activities 110 45
Investing activities:    
Capital expenditures (133) (147)
Cash received from return of investment in unconsolidated subsidiary 30 0
Cash received from sale of businesses, net 16 544
Other 0 (2)
Net cash (used in) provided by investing activities from continuing operations (87) 395
Net cash used in investing activities from discontinued operations 0 (4)
Net cash (used in) provided by investing activities (87) 391
Other, net 0 (2)
Financing activities:    
Net repayments on revolving loan facilities (169) (115)
Proceeds from long-term debt 349 0
Repayments of long-term debt (8) (9)
Principal payments on note payable (218) 0
Dividends paid to common stockholders (130) (129)
Distributions paid to noncontrolling interests (44) (24)
Repurchase and cancellation of awards (5) (9)
Repurchase of common stock (1) (296)
Proceeds from issuance of common stock 0 4
Other, net (5) (3)
Net cash used in financing activities (231) (581)
Effect of exchange rate changes on cash (2) (13)
Decrease in cash and cash equivalents (210) (158)
Cash and cash equivalents at beginning of period 540 654
Cash and cash equivalents at end of period 330 496
Supplemental cash flow information:    
Cash paid for interest 55 43
Cash paid for income taxes 60 82
Huntsman International LLC [Member]    
Operating activities:    
Net (loss) income 1 215
Less: Loss (income) from discontinued operations, net of tax 12 (120)
Income from continuing operations 13 95
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Equity in income of investment in unconsolidated affiliates (42) (70)
Cash received from return on investment in unconsolidated subsidiary 90 30
Depreciation and amortization 214 208
Noncash lease expense 57 51
Gain on acquisition of assets, net (51) 0
Noncash prepaid asset write-off 71 0
Deferred income taxes (4) 8
Noncash stock-based compensation 22 21
Other, net 18 25
Changes in operating assets and liabilities:    
Accounts and notes receivable (72) 17
Inventories (137) 33
Other current assets (2) 52
Other noncurrent assets (25) (34)
Accounts payable 21 (208)
Accrued liabilities 21 (65)
Other noncurrent liabilities (67) (76)
Net cash provided by operating activities from continuing operations 127 87
Net cash used in operating activities from discontinued operations (16) (40)
Net cash provided by operating activities 111 47
Investing activities:    
Capital expenditures (133) (147)
Cash received from return of investment in unconsolidated subsidiary 30 0
Cash received from sale of businesses, net 16 544
Other 0 (2)
Net cash (used in) provided by investing activities from continuing operations (96) 94
Net cash used in investing activities from discontinued operations 0 (4)
Net cash (used in) provided by investing activities (96) 90
Increase in receivable from affiliate (9) (301)
Other, net 0 (2)
Financing activities:    
Net repayments on revolving loan facilities (169) (115)
Proceeds from long-term debt 349 0
Repayments of long-term debt (8) (9)
Principal payments on note payable (218) 0
Distributions paid to noncontrolling interests (44) (24)
Other, net (4) (3)
Net cash used in financing activities (223) (282)
Dividends paid to parent (129) (131)
Effect of exchange rate changes on cash (2) (13)
Decrease in cash and cash equivalents (210) (158)
Cash and cash equivalents at beginning of period 540 654
Cash and cash equivalents at end of period 330 496
Supplemental cash flow information:    
Cash paid for interest 55 43
Cash paid for income taxes $ 60 $ 82