Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Trade sales, services and fees, net $ 10,964 $ 11,041 $ 9,049
Related party sales 223 180 201
Total revenues 11,187 11,221 9,250
Cost of goods sold 9,153 9,381 7,789
Gross profit 2,034 1,840 1,461
Operating expenses:      
Selling, general and administrative 951 921 861
Research and development 152 166 151
Other operating (income) expense (6) (20) 10
Restructuring, impairment and plant closing costs 92 167 29
Total expenses 1,189 1,234 1,051
Operating income 845 606 410
Interest expense, net (226) (249) (229)
Equity in income of investment in unconsolidated affiliates 7 8 24
Loss on early extinguishment of debt (80) (7) (183)
Expenses associated with the Terminated Merger and related litigation     (4)
Other income 1 2 2
Income from continuing operations before income taxes 547 360 20
Income tax expense (169) (109) (29)
Income (loss) from continuing operations 378 251 (9)
(Loss) income from discontinued operations, net of tax (7) (1) 42
Income before extraordinary gain (loss) 371 250 33
Extraordinary gain (loss) on the acquisition of a business, net of tax of nil 2 4 (1)
Net income 373 254 32
Net income attributable to noncontrolling interests (10) (7) (5)
Net income attributable to Huntsman Corporation or Huntsman International LLC 363 247 27
Basic income (loss) per share:      
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.55 $ 1.03 $ (0.06)
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ (0.03)   $ 0.17
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ 0.01 $ 0.01  
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.53 $ 1.04 $ 0.11
Weighted average shares (in shares) 237.6 237.6 236.0
Diluted income (loss) per share:      
Income (loss) from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.53 $ 1.01 $ (0.06)
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ (0.03)   $ 0.17
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ 0.01 $ 0.01  
Net income attributable to Huntsman Corporation common stockholders (in dollars per share) $ 1.51 $ 1.02 $ 0.11
Weighted average shares (in shares) 240.6 241.7 236.0
Amounts attributable to Huntsman Corporation common stockholders:      
Income (loss) from continuing operations 368 244 (14)
(Loss) income from discontinued operations, net of tax (7) (1) 42
Extraordinary gain (loss) on the acquisition of a business, net of tax 2 4 (1)
Net income 363 247 27
Dividends per share (in dollars per share) $ 0.40 $ 0.40 $ 0.40
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
      
Revenues:      
Trade sales, services and fees, net 10,964 11,041 9,049
Related party sales 223 180 201
Total revenues 11,187 11,221 9,250
Cost of goods sold 9,146 9,363 7,772
Gross profit 2,041 1,858 1,478
Operating expenses:      
Selling, general and administrative 934 916 855
Research and development 152 166 151
Other operating (income) expense (6) (20)  
Restructuring, impairment and plant closing costs 92 167 29
Total expenses 1,172 1,229 1,035
Operating income 869 629 443
Interest expense, net (238) (262) (248)
Equity in income of investment in unconsolidated affiliates 7 8 24
Loss on early extinguishment of debt (80) (7) (37)
Other income 1 2 2
Income from continuing operations before income taxes 559 370 184
Income tax expense (179) (113) (40)
Income (loss) from continuing operations 380 257 144
(Loss) income from discontinued operations, net of tax (7) (1) 42
Income before extraordinary gain (loss) 373 256 186
Extraordinary gain (loss) on the acquisition of a business, net of tax of nil 2 4 (1)
Net income 375 260 185
Net income attributable to noncontrolling interests (10) (7) (5)
Net income attributable to Huntsman Corporation or Huntsman International LLC 365 253 180
Amounts attributable to Huntsman Corporation common stockholders:      
Extraordinary gain (loss) on the acquisition of a business, net of tax 2 4 (1)
Net income $ 365 $ 253 $ 180