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
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities:    
Net income $ 37 $ 291
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of investment in unconsolidated affiliates (3) (3)
Depreciation and amortization 216 216
Loss on disposal of businesses/assets, net   1
Loss on early extinguishment of debt 35 1
Noncash interest expense 3 14
Noncash restructuring and impairment charges 1 1
Deferred income taxes (69) 31
Noncash loss on foreign currency transactions 23 4
Stock-based compensation 14 15
Other, net   6
Changes in operating assets and liabilities:    
Accounts and notes receivable (186) (183)
Inventories 79 (139)
Prepaid expenses 10 9
Other current assets (30) 32
Other noncurrent assets (97) (7)
Accounts payable (60) 100
Accrued liabilities 14 4
Other noncurrent liabilities 11 (45)
Net cash (used in) provided by operating activities (2) 348
Investing Activities:    
Capital expenditures (181) (163)
Investment in unconsolidated affiliates (32) (60)
Proceeds from sale of businesses/assets 2  
Cash received from unconsolidated affiliates 34 40
Acquisition of a business (7) (2)
Increase in restricted cash   (2)
Other, net 2 2
Net cash used in investing activities (182) (185)
Financing Activities:    
Net repayments under revolving loan facilities (2) (15)
Net borrowings on overdraft facilities 10 4
Repayments of short-term debt (18) (21)
Borrowings on short-term debt 13  
Repayments of long-term debt (418) (152)
Proceeds from issuance of long-term debt 473 1
Repayments of notes payable (21) (24)
Borrowings on notes payable 1 1
Debt issuance costs paid (3) (4)
Call premiums and other costs related to early extinguishment of debt (4) (2)
Dividends paid to common stockholders (60) (48)
Repurchase and cancellation of stock awards (6) (7)
Proceeds from issuance of common stock 3 1
Excess tax benefit related to stock-based compensation 4 4
Other, net 1 (2)
Net cash provided by (used in) financing activities (27) (264)
Effect of exchange rate changes on cash (4) (1)
Increase (decrease) in cash and cash equivalents (215) (102)
Cash and cash equivalents at beginning of period 387 [1] 554
Cash and cash equivalents at end of period 172 [1] 452
Supplemental cash flow information:    
Cash paid for interest 95 106
Cash paid for income taxes 46 70
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Operating Activities:    
Net income 40 297
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Equity in income of investment in unconsolidated affiliates (3) (3)
Depreciation and amortization 204 204
Loss on disposal of businesses/assets, net   1
Loss on early extinguishment of debt 35 1
Noncash interest expense 10 20
Noncash restructuring and impairment charges 1 1
Deferred income taxes (67) 96
Noncash loss on foreign currency transactions 23 4
Noncash compensation 13 14
Other, net 2 5
Changes in operating assets and liabilities:    
Accounts and notes receivable (186) (183)
Inventories 79 (139)
Prepaid expenses 11 10
Other current assets (30) 7
Other noncurrent assets (97) (7)
Accounts payable (67) 94
Accrued liabilities 12 (22)
Other noncurrent liabilities 14 (43)
Net cash (used in) provided by operating activities (6) 357
Investing Activities:    
Capital expenditures (181) (163)
Increase in receivable from affiliate   (29)
Investment in unconsolidated affiliates (32) (60)
Proceeds from sale of businesses/assets 2  
Cash received from unconsolidated affiliates 34 40
Acquisition of a business (7) (2)
Increase in restricted cash   (2)
Other, net 2 2
Net cash used in investing activities (182) (214)
Financing Activities:    
Net repayments under revolving loan facilities (2) (15)
Net borrowings on overdraft facilities 10 4
Repayments of short-term debt (18) (21)
Borrowings on short-term debt 13  
Repayments of long-term debt (418) (152)
Proceeds from issuance of long-term debt 473 1
Proceeds from notes payable to affiliate 177 84
Repayments of notes payable (21) (24)
Borrowings on notes payable 1 1
Debt issuance costs paid (3) (4)
Call premiums and other costs related to early extinguishment of debt (4) (2)
Dividends paid to parent (60) (48)
Excess tax benefit related to stock-based compensation 4 4
Other, net 1  
Net cash provided by (used in) financing activities 153 (172)
Effect of exchange rate changes on cash (4) (1)
Increase (decrease) in cash and cash equivalents (39) (30)
Cash and cash equivalents at beginning of period 210 [1] 231
Cash and cash equivalents at end of period 171 [1] 201
Supplemental cash flow information:    
Cash paid for interest 95 106
Cash paid for income taxes $ 46 $ 58
[1] At June 30, 2013 and December 31, 2012, respectively, $32 and $28 of cash and cash equivalents, $9 each of restricted cash, $50 and $38 of accounts and notes receivable (net), $53 and $55 of inventories, $1 and nil of other current assets, $367 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, $26 each of accrued liabilities, $189 and $193 of current portion of debt, $70 and $77 of long-term debt, and $95 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."