Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 3)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 3) (USD $)
In Millions, unless otherwise specified

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

15

15

Investment in unconsolidated affiliates

Cash received from termination of cross-current interest rate contracts

66

Net cash used in investing activities

Financing activities:

Net borrowings under revolving loan facilities

2

Net borrowings on overdraft facilities

4

Repayments of short-term debt

Borrowings on short-term debt

1

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayments of notes payable

Borrowings on notes payable

1

Debt issuance costs paid

Contingent consideration paid for acquisition

Call premiums and other costs related to early extinguishment of debt

Excess tax benefit related to stock-based compensation

1

1

Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

^[1]

Cash and cash equivalents at end of period

^[1]

Huntsman International

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

35

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

15

15

Investment in unconsolidated affiliates

Increase in receivable from affiliate

Cash received from termination of cross-current interest rate contracts

66

Net cash used in investing activities

Financing activities:

Net borrowings under revolving loan facilities

2

Net borrowings on overdraft facilities

4

Repayments of short-term debt

Borrowings on short-term debt

1

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayments of notes payable to affiliate

Repayments of notes payable

Borrowings on notes payable

1

Debt issuance costs paid

Contingent consideration paid for acquisition

Call premiums and other costs related to early extinguishment of debt

Dividends paid to parent

Excess tax benefit related to stock-based compensation

1

1

Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash

Increase (decrease) in cash and cash equivalents

86

Cash and cash equivalents at beginning of period

^[1]

Cash and cash equivalents at end of period

^[1]

Noncash capital contribution between guarantor and nonguarantor entities

Noncash capital contribution between parent and guarantor entities

Reportable legal entities | Huntsman International | Parent Company

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

Investing Activities:

Capital expenditures

Investment in affiliate

Increase in receivable from affiliate

Cash received from termination of cross-current interest rate contracts

66

Net cash used in investing activities

18

Financing activities:

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayments of notes payable to affiliate

Repayments of notes payable

Debt issuance costs paid

Contingent consideration paid for acquisition

Call premiums and other costs related to early extinguishment of debt

Dividends paid to parent

Excess tax benefit related to stock-based compensation

1

1

Net cash provided by (used in) financing activities

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

43

Reportable legal entities | Huntsman International | Guarantors

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

42

36

Investing Activities:

Capital expenditures

Cash received from unconsolidated affiliates

15

15

Investment in affiliate

Investment in unconsolidated affiliates

1

Net cash used in investing activities

Financing activities:

Contribution from parent

2

3

Distribution to parent

Net cash provided by (used in) financing activities

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

6

Reportable legal entities | Huntsman International | Nonguarantors

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

Investing Activities:

Capital expenditures

Investment in unconsolidated affiliates

Net cash used in investing activities

Financing activities:

Net borrowings under revolving loan facilities

2

Net borrowings on overdraft facilities

4

Repayments of short-term debt

Borrowings on short-term debt

1

Repayments of long-term debt

Repayments of notes payable

Borrowings on notes payable

1

Contribution from parent

28

96

Distribution to parent

Net cash provided by (used in) financing activities

89

Effect of exchange rate changes on cash

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

Eliminations | Huntsman International

Condensed consolidating statements of cash flows

Net cash provided by (used in) by operating activities

1

Investing Activities:

Investment in affiliate

21

91

Net cash used in investing activities

21

90

Financing activities:

Contribution from parent

Distribution to parent

9

8

Net cash provided by (used in) financing activities

[1]

At March 31, 2015 and December 31, 2014, respectively, $54 and $46 of cash and cash equivalents, $9 and $10 of restricted cash, $41 each of accounts and notes receivable (net), $41 and $68 of inventories, $5 and $6 of other current assets, $326 and $339 of property, plant and equipment (net), $38 and $40 of intangible assets (net), $27 each of other noncurrent assets, $88 and $92 of accounts payable, $33 and $37 of accrued liabilities, $168 and $172 of current portion of debt, $30 and $36 of longterm debt, and $95 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 5. Variable Interest Entities.”