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)

6 Months Ended

Jun. 30, 2020

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 CVC Thermoset Specialties Acquisition	$	306

Accounts receivable	$	12
Inventories		39
Property, plant and equipment, net		88
Intangible assets		60
Goodwill		119
Accounts payable		(7)
Deferred income taxes		(5)
Total fair value of net assets acquired	$	306

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):


	Three months				Six months
	ended				ended
	June 30,				June 30,
	2020		2019		2020		2019
Revenues	$	1,255	$	1,812	$	2,872	$	3,514
Net (loss) income		(60)		125		650		267
Net (loss) income attributable to Huntsman Corporation		(63)		117		644		247

Icynene-Lapolla

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 Icynene-Lapolla Acquisition in Q1 2020	$	353

Cash	$	7
Accounts receivable		37
Inventories		36
Prepaid expenses and other current assets		1
Property, plant and equipment, net		7
Intangible assets		165
Goodwill		134
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


	Three months		Six months
	ended		ended
	June 30,		June 30,
	2019		2020		2019
Revenues	$	1,841	$	2,870	$	3,566
Net income		116		645		245
Net income attributable to Huntsman Corporation		108		639		225

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | CVC Thermoset Specialties

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Three months				Six months
	ended				ended
	June 30,				June 30,
	2020		2019		2020		2019
Revenues	$	1,255	$	1,812	$	2,872	$	3,514
Net (loss) income		(60)		122		649		261
Net (loss) income attributable to Huntsman International		(63)		114		643		241

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Icynene-Lapolla

BUSINESS COMBINATIONS

Schedule of estimated pro forma revenues and net income


	Three months		Six months
	ended		ended
	June 30,		June 30,
	2019		2020		2019
Revenues	$	1,841	$	2,870	$	3,566
Net income		113		644		239
Net income attributable to Huntsman International		105		638		219