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

Quarterly report pursuant to Section 13 or 15(d)

BUSINESS COMBINATIONS AND ACQUISITIONS (Tables)

BUSINESS COMBINATIONS AND ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of allocation of acquisition cost to the assets acquired and liabilities assumed

The 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 Icynene-Lapolla Acquisition in Q1 2020	$	353

Cash	$	7
Accounts receivable		41
Inventories		36
Prepaid expenses and other current assets		1
Property, plant and equipment, net		7
Intangible assets		165
Goodwill		130
Other noncurrent assets		3
Accounts payable		(13)
Accrued liabilities		(10)
Deferred income taxes		(14)
Total fair value of net assets acquired	$	353

Schedule of estimated pro forma revenues and net income

If this acquisition were to have occurred on January 1, 2019, the following estimated pro forma revenues, net income, net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions):


	Pro Forma (Unaudited)
	Three months
	ended March 31,
	2020		2019
Revenues	$	1,623	$	1,725
Net income		704		129
Net income attributable to Huntsman Corporation		701		117

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Pro Forma (Unaudited)
	Three months
	ended March 31,
	2020		2019
Revenues	$	1,623	$	1,725
Net income		703		126
Net income attributable to Huntsman International		700		114