← Huntsman CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $326.0m | $636.0m | $337.0m | $562.0m | $1.0b | $1.0b | $460.0m | $101.0m | ($189.0m) | ($284.0m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | $1.0b | — | — | — | — | — | |
| Less: Loss (income) from discontinued operations, net of tax | $8.0m | ($158.0m) | $195.0m | ($169.0m) | ($775.0m) | $0 | ($12.0m) | ($118.0m) | $27.0m | $9.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $357.0m | $741.0m | $650.0m | $598.0m | $1.1b | $1.1b | $523.0m | $153.0m | ($127.0m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $330.0m | $478.0m | $764.0m | $393.0m | $259.0m | $1.0b | $448.0m | ($17.0m) | ($162.0m) | ($275.0m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $361.0m | $583.0m | $845.0m | $429.0m | $291.0m | $1.1b | $511.0m | $35.0m | ($100.0m) | ($218.0m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($4.0m) | $158.0m | ($195.0m) | $169.0m | $775.0m | $0 | $12.0m | $118.0m | ($27.0m) | ($9.0m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($4.0m) | $158.0m | ($427.0m) | $169.0m | $775.0m | $0 | $12.0m | $118.0m | ($27.0m) | ($9.0m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $31.0m | $105.0m | $313.0m | $36.0m | $32.0m | $59.0m | $63.0m | $52.0m | $62.0m | $57.0m | |
| Depreciation, Depletion and Amortization | $432.0m | $319.0m | $343.0m | $270.0m | $283.0m | $296.0m | $281.0m | $278.0m | $289.0m | $287.0m | |
| Amortization of Intangible Assets | $15.0m | $6.0m | $11.0m | $16.0m | $33.0m | $40.0m | $40.0m | $40.0m | $40.0m | $40.0m | |
| Depreciation | $400.0m | $298.0m | $310.0m | $245.0m | $242.0m | $249.0m | $233.0m | $231.0m | $238.0m | $287.0m | |
| Deferred Income Tax Expense (Benefit) | $15.0m | ($55.0m) | ($116.0m) | ($93.0m) | $172.0m | ($37.0m) | $89.0m | ($10.0m) | ($15.0m) | — | |
| Deferred income taxes | $15.0m | ($55.0m) | ($116.0m) | ($93.0m) | $172.0m | ($37.0m) | $89.0m | ($10.0m) | ($15.0m) | ($32.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $34.0m | $36.0m | $27.0m | $29.0m | $27.0m | $32.0m | $29.0m | $28.0m | $30.0m | — | |
| Share-based Payment Arrangement, Expense | $34.0m | $36.0m | $27.0m | $29.0m | $27.0m | $32.0m | $29.0m | $28.0m | $30.0m | — | |
| Restructuring Costs and Asset Impairment Charges | $5.0m | $1.0m | ($22.0m) | $3.0m | $7.0m | $19.0m | $6.0m | $11.0m | $10.0m | — | |
| Noncash restructuring and impairment charges | $5.0m | $1.0m | ($22.0m) | $3.0m | $7.0m | $19.0m | $6.0m | $11.0m | $10.0m | $100.0m | |
| Gain (Loss) on Disposition of Assets | $119.0m | $9.0m | — | ($21.0m) | $280.0m | $30.0m | $0 | $0 | ($1.0m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | $247.0m | $28.0m | $0 | $0 | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($3.0m) | ($54.0m) | ($3.0m) | ($23.0m) | $0 | ($27.0m) | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | $5.0m | $13.0m | $55.0m | $54.0m | $42.0m | $143.0m | $67.0m | $83.0m | $44.0m | $4.0m | |
| Income Tax Expense (Benefit) | $87.0m | $64.0m | $97.0m | ($38.0m) | $46.0m | $209.0m | $186.0m | $64.0m | $61.0m | $26.0m | |
| Other Nonoperating Income (Expense) | $1.0m | $2.0m | $29.0m | $20.0m | $36.0m | $32.0m | $35.0m | $2.0m | $21.0m | $14.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($283.0m) | $104.0m | $86.0m | ($77.0m) | ($145.0m) | $367.0m | $6.0m | ($125.0m) | $77.0m | — | |
| Increase (Decrease) in Accounts Payable | $56.0m | $154.0m | $8.0m | $21.0m | $32.0m | $342.0m | ($84.0m) | ($224.0m) | $69.0m | — | |
| Asset Retirement Obligation, Accretion Expense | $2.0m | — | — | — | — | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $117.0m | $6.0m | ($4.0m) | $49.0m | $281.0m | $28.0m | $0 | $0 | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | ($18.0m) | ($88.0m) | ($28.0m) | ($12.0m) | ($5.0m) | $12.0m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | ($19.0m) | ($88.0m) | ($28.0m) | ($12.0m) | ($5.0m) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $5.0m | $5.0m | $3.0m | ($8.0m) | $2.0m | $9.0m | $18.0m | ($13.0m) | ($3.0m) | ($1.0m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $5.0m | $5.0m | $3.0m | ($8.0m) | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | $0 | $33.0m | |
| Goodwill | $121.0m | $140.0m | $275.0m | $276.0m | $533.0m | $650.0m | $641.0m | $644.0m | $633.0m | $630.0m | |
| Operating Expenses | $1.0b | $961.0m | $987.0m | $913.0m | $667.0m | $980.0m | $874.0m | $822.0m | $891.0m | $882.0m | |
| Proceeds from Stock Options Exercised | — | — | — | — | $3.0m | $10.0m | $6.0m | $5.0m | $0 | — | |
| Net (loss) income | $357.0m | $741.0m | $650.0m | $598.0m | $1.0b | $1.1b | $523.0m | $153.0m | ($127.0m) | ($227.0m) | |
| Equity in income of investment in unconsolidated affiliates | ($5.0m) | ($13.0m) | ($55.0m) | ($54.0m) | ($42.0m) | ($143.0m) | ($67.0m) | ($83.0m) | ($44.0m) | ($4.0m) | |
| Cash received from return on investment in unconsolidated subsidiary | — | — | — | $24.0m | $19.0m | $57.0m | $71.0m | $59.0m | $101.0m | $17.0m | |
| Noncash lease expense | — | — | — | $55.0m | $63.0m | $69.0m | $63.0m | $68.0m | $76.0m | $75.0m | |
| Gain on acquisition of assets, net | — | — | — | — | — | — | $0 | $0 | ($51.0m) | ($5.0m) | |
| Noncash prepaid asset write-off | — | — | — | — | — | — | $0 | $0 | $71.0m | $0 | |
| Loss on dissolution of subsidiaries | — | — | — | — | — | — | $0 | $0 | $39.0m | $0 | |
| Stock-based compensation | $34.0m | $36.0m | $27.0m | $29.0m | $27.0m | $32.0m | $29.0m | $28.0m | $30.0m | $31.0m | |
| Other, net | ($1.0m) | $1.0m | $1.0m | ($1.0m) | $8.0m | ($10.0m) | ($39.0m) | $1.0m | ($6.0m) | ($1.0m) | |
| Noncash compensation | $33.0m | $35.0m | $26.0m | $28.0m | $26.0m | $31.0m | $27.0m | $27.0m | $29.0m | $29.0m | |
| Accounts and notes receivable | ($35.0m) | ($183.0m) | ($13.0m) | $138.0m | $100.0m | ($315.0m) | $146.0m | $103.0m | $7.0m | $71.0m | |
| Inventories | $283.0m | ($104.0m) | ($86.0m) | $77.0m | $145.0m | ($367.0m) | ($6.0m) | $125.0m | ($77.0m) | $133.0m | |
| Prepaid expenses | $6.0m | ($11.0m) | ($9.0m) | ($27.0m) | ($10.0m) | — | ($6.0m) | $6.0m | ($34.0m) | $26.0m | |
| Other current assets | $8.0m | $24.0m | $60.0m | $53.0m | ($55.0m) | $39.0m | ($44.0m) | $30.0m | $22.0m | ($5.0m) | |
| Other noncurrent assets | $35.0m | ($60.0m) | ($76.0m) | ($90.0m) | ($55.0m) | ($189.0m) | ($52.0m) | $60.0m | ($163.0m) | ($87.0m) | |
| Accounts payable | $56.0m | $154.0m | $8.0m | $21.0m | $32.0m | $342.0m | ($84.0m) | ($224.0m) | $69.0m | ($88.0m) | |
| Accrued liabilities | $65.0m | $63.0m | $43.0m | ($50.0m) | ($126.0m) | $293.0m | ($304.0m) | ($31.0m) | $23.0m | $3.0m | |
| Other noncurrent liabilities | ($63.0m) | $31.0m | ($58.0m) | ($142.0m) | ($158.0m) | $69.0m | ($53.0m) | ($222.0m) | $23.0m | ($15.0m) | |
| Cash received from return of investment in unconsolidated subsidiary | — | — | — | — | — | — | $0 | $0 | $30.0m | $41.0m | |
| Cash received from sale of businesses, net | — | — | — | — | — | $43.0m | $0 | $544.0m | $16.0m | $0 | |
| Cash received from sale of assets | — | $25.0m | — | $50.0m | $75.0m | $0 | $0 | $0 | $11.0m | $0 | |
| Increase in receivable from affiliate | — | ($15.0m) | ($16.0m) | ($1.0m) | $273.0m | ($203.0m) | ($1.0b) | ($352.0m) | ($13.0m) | ($6.0m) | |
| Net borrowings (repayments) on revolving loan facilities | — | ($41.0m) | $125.0m | ($89.0m) | ($203.0m) | ($8.0m) | $219.0m | ($51.0m) | ($169.0m) | $460.0m | |
| Principal payments on note payable | ($33.0m) | ($27.0m) | ($29.0m) | ($27.0m) | ($32.0m) | $0 | $0 | $0 | ($218.0m) | $0 | |
| Repurchase and cancellation of stock awards | ($3.0m) | ($12.0m) | ($30.0m) | ($12.0m) | ($8.0m) | ($7.0m) | ($14.0m) | ($10.0m) | ($5.0m) | ($3.0m) | |
| Other Operating Income (Expense), Net | $140.0m | $23.0m | ($8.0m) | ($31.0m) | $45.0m | $33.0m | $48.0m | $0 | ($1.0m) | $18.0m | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b | $1.2b | $1.2b | $897.0m | $253.0m | $952.0m | $914.0m | $209.0m | $263.0m | $289.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $421.0m | $282.0m | $313.0m | $274.0m | $249.0m | $342.0m | $272.0m | $230.0m | $184.0m | ($173.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $14.0m | $366.0m | — | $650.0m | $245.0m | $0 | $0 | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $1.0m | $1.0m | $1.0m | ($7.0m) | ($6.0m) | ($12.0m) | ($7.0m) | $5.0m | ($1.0m) | — | |
| Net cash (used in) provided by investing activities from continuing operations | ($119.0m) | ($265.0m) | ($677.0m) | ($201.0m) | $1.5b | ($524.0m) | ($260.0m) | $309.0m | ($126.0m) | ($132.0m) | |
| Net cash used in investing activities from discontinued operations | ($83.0m) | ($159.0m) | ($296.0m) | ($59.0m) | $1.0m | $0 | ($19.0m) | ($4.0m) | $0 | $0 | |
| Net cash (used in) provided by investing activities | ($202.0m) | ($424.0m) | ($973.0m) | ($260.0m) | $1.5b | ($524.0m) | ($279.0m) | $305.0m | ($126.0m) | ($132.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($202.0m) | ($424.0m) | ($973.0m) | ($260.0m) | $1.5b | ($524.0m) | ($279.0m) | $305.0m | ($126.0m) | — | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $559.0m | $24.0m | — | $742.0m | $0 | $447.0m | $0 | $0 | $349.0m | — | |
| Proceeds from long-term debt | $559.0m | $24.0m | — | $742.0m | $0 | $447.0m | $0 | $0 | $349.0m | $0 | |
| Repayments of Long-term Debt | $1.1b | $2.1b | $68.0m | $676.0m | $21.0m | $990.0m | $12.0m | $11.0m | $13.0m | ($328.0m) | |
| Proceeds from Issuance of Common Stock | $1.0m | $35.0m | $17.0m | $2.0m | $3.0m | $10.0m | $6.0m | $5.0m | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | $277.0m | $208.0m | $96.0m | $200.0m | $1.0b | $349.0m | $4.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $120 | $120 | $156 | $150 | $144 | $159 | $171 | $169 | $174 | — | |
| Repurchase of common stock | — | — | ($277.0m) | ($208.0m) | ($96.0m) | ($200.0m) | ($1.0b) | ($349.0m) | ($4.0m) | $0 | |
| Proceeds from Noncontrolling Interests | — | $5.0m | — | — | — | — | — | — | — | — | |
| Dividends paid to common stockholders | ($120) | ($120) | ($156) | ($150) | ($144) | ($159) | ($171) | ($169) | ($174) | ($146) | |
| Dividends paid to parent | ($119) | ($120) | ($154) | ($148) | ($144) | ($158) | ($168) | ($172) | ($172) | ($145) | |
| Proceeds from (Payments for) Other Financing Activities | ($1.0m) | $1.0m | $1.0m | — | ($1.0m) | $0 | ($1.0m) | $1.0m | ($6.0m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($723.0m) | ($519.0m) | ($424.0m) | ($450.0m) | ($655.0m) | ($977.0m) | ($994.0m) | ($620.0m) | ($326.0m) | ($76.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($35.0m) | ($2.0m) | — | — | — | — | — | — | |
| Effect of exchange rate changes on cash | ($6.0m) | $18.0m | ($35.0m) | ($2.0m) | $7.0m | ($3.0m) | ($28.0m) | ($8.0m) | ($11.0m) | $8.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($225.0m) | $185.0m | $1.1b | ($552.0m) | ($387.0m) | ($114.0m) | ($200.0m) | — | |
| Increase (decrease) in cash and cash equivalents | $157.0m | $294.0m | ($225.0m) | $185.0m | $1.1b | ($552.0m) | ($387.0m) | ($114.0m) | ($200.0m) | $89.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $1.0b | $654.0m | $540.0m | $340.0m | — | |
| Cash and cash equivalents at beginning of period | $257.0m | $396.0m | $481.0m | $340.0m | $525.0m | $1.0b | $654.0m | $540.0m | $340.0m | $429.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $205.0m | $175.0m | $163.0m | $111.0m | $90.0m | $82.0m | $66.0m | $68.0m | $77.0m | $86.0m | |
| Income Taxes Paid, Net | $40.0m | $25.0m | $179.0m | $100.0m | $316.0m | $106.0m | $194.0m | $97.0m | $90.0m | $98.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.