Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Activities:    
Net (loss) income $ (17) $ 163
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of investment in unconsolidated affiliates (1) (2)
Depreciation and amortization 107 109
Loss on disposal of businesses/assets, net   1
Loss on early extinguishment of debt 35 1
Noncash interest expense 2 7
Noncash restructuring and impairment charges 1  
Deferred income taxes (67) 19
Noncash loss on foreign currency transactions 10 9
Stock-based compensation 8 10
Other, net 4 4
Changes in operating assets and liabilities:    
Accounts and notes receivable (85) (239)
Inventories (9) (65)
Prepaid expenses 1 (1)
Other current assets 16 53
Other noncurrent assets (73) (1)
Accounts payable 10 186
Accrued liabilities (44) (51)
Other noncurrent liabilities 28 (13)
Net cash (used in) provided by operating activities (74) 190
Investing Activities:    
Capital expenditures (89) (81)
Investment in unconsolidated affiliates (5) (34)
Cash received from unconsolidated affiliates 15 15
Acquisition of a business (7) (2)
Increase in restricted cash   (8)
Other, net 1 1
Net cash used in investing activities (85) (109)
Financing Activities:    
Net repayments under revolving loan facilities   (17)
Net borrowings on overdraft facilities 1 3
Repayments of short-term debt (5) (4)
Borrowings on short-term debt 13  
Repayments of long-term debt (413) (109)
Proceeds from issuance of long-term debt 473  
Repayments of notes payable (10) (17)
Borrowings on notes payable   1
Debt issuance costs paid   (4)
Call premiums and other costs related to early extinguishment of debt (4) (1)
Dividends paid to common stockholders (30) (24)
Repurchase and cancellation of stock awards (6) (7)
Proceeds from issuance of common stock 3 1
Excess tax benefit related to stock-based compensation 1 4
Other, net (2) (2)
Net cash provided by (used in) financing activities 21 (176)
Effect of exchange rate changes on cash (2) 4
Increase (decrease) in cash and cash equivalents (140) (91)
Cash and cash equivalents at beginning of period 387 [1] 554
Cash and cash equivalents at end of period 247 [1] 463
Supplemental cash flow information:    
Cash paid for interest 59 82
Cash paid for income taxes 17 13
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Operating Activities:    
Net (loss) income (16) 166
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of investment in unconsolidated affiliates (1) (2)
Depreciation and amortization 102 103
Loss on disposal of businesses/assets, net   1
Loss on early extinguishment of debt 35 1
Noncash interest expense 5 9
Noncash restructuring and impairment charges 1  
Deferred income taxes (65) 47
Noncash loss on foreign currency transactions 10 9
Noncash compensation 7 9
Other, net 4 4
Changes in operating assets and liabilities:    
Accounts and notes receivable (85) (239)
Inventories (9) (65)
Prepaid expenses 3 1
Other current assets 16 27
Other noncurrent assets (73) (1)
Accounts payable 6 183
Accrued liabilities (44) (53)
Other noncurrent liabilities 29 (11)
Net cash (used in) provided by operating activities (75) 189
Investing Activities:    
Capital expenditures (89) (81)
Increase in receivable from affiliate (3) (20)
Investment in unconsolidated affiliates (5) (34)
Cash received from unconsolidated affiliates 15 15
Acquisition of a business (7) (2)
Increase in restricted cash   (8)
Other, net 1 1
Net cash used in investing activities (88) (129)
Financing Activities:    
Net repayments under revolving loan facilities   (17)
Net borrowings on overdraft facilities 1 3
Repayments of short-term debt (5) (4)
Borrowings on short-term debt 13  
Repayments of long-term debt (413) (109)
Proceeds from issuance of long-term debt 473  
Proceeds from notes payable to affiliate 145 102
Repayments of notes payable (10) (17)
Borrowings on notes payable   1
Debt issuance costs paid   (4)
Call premiums and other costs related to early extinguishment of debt (4) (1)
Dividends paid to parent (30) (24)
Excess tax benefit related to stock-based compensation 1 4
Other, net (1) 1
Net cash provided by (used in) financing activities 170 (65)
Effect of exchange rate changes on cash (2) 4
Increase (decrease) in cash and cash equivalents 5 (1)
Cash and cash equivalents at beginning of period 210 [1] 231
Cash and cash equivalents at end of period 215 [1] 230
Supplemental cash flow information:    
Cash paid for interest 59 82
Cash paid for income taxes $ 17 $ 13
[1] At March 31, 2013 and December 31, 2012, respectively, $20 and $28 of cash and cash equivalents, $9 each of restricted cash, $48 and $38 of accounts and notes receivable (net), $51 and $55 of inventories, nil each of other current assets, $372 and $378 of property, plant and equipment (net), $18 and $19 of intangible assets (net), $27 and $28 of other noncurrent assets, $78 and $76 of accounts payable, $23 and $26 of accrued liabilities, $187 and $193 current portion of debt, $75 and $77 of long-term debt, and $99 and $101 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 5. Variable Interest Entities."