Huntsman CORP
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
HUN$9.50-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
| Three months | ||
|---|---|---|
| ended | ||
| March 31, | ||
| 2024 | 2023 | |
| Operating activities: | ||
| Net (loss) income | $(21) | $168 |
| Less: Loss (income) from discontinued operations, net of tax | 7 | (122) |
| (Loss) income from continuing operations | (14) | 46 |
| Adjustments to reconcile (loss) income from continuing operations to net cash used in operating activities from continuing operations: | ||
| Equity in income of investment in unconsolidated affiliates | (19) | (12) |
| Depreciation and amortization | 69 | 69 |
| Noncash lease expense | 19 | 17 |
| Gain on acquisition of assets, net | (52) | — |
| Noncash prepaid asset write-off | 71 | — |
| Deferred income taxes | (32) | (19) |
| Noncash stock-based compensation | 8 | 8 |
| Other, net | 5 | (3) |
| Changes in operating assets and liabilities: | ||
| Accounts and notes receivable | (87) | (23) |
| Inventories | (38) | (50) |
| Other current assets | (1) | 29 |
| Other noncurrent assets | (2) | (17) |
| Accounts payable | 30 | (75) |
| Accrued liabilities | (9) | (75) |
| Other noncurrent liabilities | (10) | (17) |
| Net cash used in operating activities from continuing operations | (62) | (122) |
| Net cash used in operating activities from discontinued operations | (2) | (32) |
| Net cash used in operating activities | (64) | (154) |
| Investing activities: | ||
| Capital expenditures | (42) | (46) |
| Cash received from sale of businesses, net | 12 | 541 |
| Increase in receivable from affiliate | (9) | (109) |
| Other, net | — | (1) |
| Net cash (used in) provided by investing activities from continuing operations | (39) | 385 |
| Net cash used in investing activities from discontinued operations | — | (4) |
| Net cash (used in) provided by investing activities | (39) | 381 |
| Financing activities: | ||
| Net borrowings (repayments) on revolving loan facilities | 191 | (220) |
| Repayments of long-term debt | (3) | (4) |
| Principal payments on note payable | (28) | — |
| Dividends paid to parent | (43) | (43) |
| Distributions paid to noncontrolling interests | — | (4) |
| Other, net | (1) | — |
| Net cash provided by (used in) financing activities | 116 | (271) |
| Effect of exchange rate changes on cash | (1) | 5 |
| Increase (decrease) in cash and cash equivalents | 12 | (39) |
| Cash and cash equivalents at beginning of period | 540 | 654 |
| Cash and cash equivalents at end of period | $552 | $615 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $12 | $10 |
| Cash paid for income taxes | 15 | 29 |
For both March 31, 2024 and 2023, the amount of capital expenditures in accounts payable was $21 million.
See accompanying notes to condensed consolidated financial statements.
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