Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATION (Tables)

v3.19.1
BUSINESS COMBINATION (Tables)
 3 Months Ended
Mar. 31, 2019
BUSINESS COMBINATIONS  
Schedule of allocation of acquisition cost to the assets acquired and liabilities assumed

The preliminary allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions):

 

 

 

 

 

Fair value of assets acquired and liabilities assumed:

 

 

 

Cash paid for the Demilec Acquisition in Q2 2018

 

$

357

Purchase price adjustment received in Q3 2018

 

 

(4)

Net acquisition cost

 

$

353

 

 

 

 

Cash

 

$

 1

Accounts receivable

 

 

31

Inventories

 

 

23

Prepaid expenses and other current assets

 

 

 1

Property, plant and equipment, net

 

 

21

Intangible assets

 

 

177

Goodwill

 

 

142

Accounts payable

 

 

(16)

Accrued liabilities

 

 

(3)

Deferred income taxes

 

 

(22)

Other noncurrent liabilities

 

 

(2)

Total fair value of net assets acquired

 

$

353

 

Schedule of estimated pro forma revenues and net income

 

 

 

 

 

 

Pro Forma (Unaudited)

 

 

Three months

 

 

ended

 

 

March 31, 2018

Revenues

 

$

2,339

Net income  

 

 

339

Net income attributable to Huntsman Corporation

 

 

263

 

 

 

 

Income per share:

 

 

 

Basic

 

 

1.09

Diluted

 

 

1.07

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES  
BUSINESS COMBINATIONS  
Schedule of estimated pro forma revenues and net income

 

 

 

 

 

 

 

Pro Forma (Unaudited)

 

 

Three months

 

 

ended

 

 

March 31, 2018

Revenues

 

$

2,336

Net income  

 

 

336

Net income attributable to Huntsman International

 

 

260