Cash flow Huntsman Corporation

Equities

HUN

US4470111075

Diversified Chemicals

Market Closed - Nyse Other stock markets 16:00:02 2024-09-10 EDT			5-day change	1st Jan Change
21.28 ^USD	-1.02%		-0.19%	-15.32%

08-21	Deutsche Bank Lowers Price Target on Huntsman to $23 From $27, Keeps Hold Rating	MT
08-08	RBC Cuts Price Target on Huntsman to $21 From $30, Cites Weaker Second-Half Outlook, Keeps Sector Perform Rating	MT

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Published financial data: HUNTSMAN CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.8B	6.02B	8.45B	8.02B	6.11B
Total Revenues	6.8B	6.02B	8.45B	8.02B	6.11B
Cost of Goods Sold, Total	5.42B	4.92B	6.68B	6.48B	5.2B
Gross Profit	1.38B	1.1B	1.78B	1.55B	906M
Selling General & Admin Expenses, Total	777M	781M	827M	669M	694M
R&D Expenses	131M	129M	144M	119M	108M
Other Operating Expenses	23M	-62M	-26M	-30M	-
Other Operating Expenses, Total	931M	848M	945M	758M	802M
Operating Income	451M	252M	830M	788M	104M
Interest Expense, Total	-111M	-86M	-67M	-62M	-65M
Net Interest Expenses	-111M	-86M	-67M	-62M	-65M
Income (Loss) On Equity Invest.	54M	42M	143M	67M	83M
Currency Exchange Gains (Loss)	-8M	2M	9M	18M	-
Other Non Operating Income (Expenses)	5M	36M	2M	-13M	-
EBT, Excl. Unusual Items	391M	246M	917M	798M	122M
Restructuring Charges	41M	-49M	-40M	-86M	-18M
Merger & Related Restructuring Charges	-	-19M	-2M	-	-
Gain (Loss) On Sale Of Investments	-18M	-88M	-28M	-12M	-5M
Gain (Loss) On Sale Of Assets	-	247M	28M	-	-
Other Unusual Items	-23M	-	438M	-3M	-
EBT, Incl. Unusual Items	391M	337M	1.31B	697M	99M
Income Tax Expense	-38M	46M	209M	186M	64M
Earnings From Continuing Operations	429M	291M	1.1B	511M	35M
Earnings Of Discontinued Operations	169M	775M	-	12M	118M
Net Income to Company	598M	1.07B	1.1B	523M	153M
Minority Interest	-36M	-32M	-59M	-63M	-52M
Net Income - (IS)	562M	1.03B	1.04B	460M	101M
Net Income to Common Incl Extra Items	562M	1.03B	1.04B	460M	101M
Net Income to Common Excl. Extra Items	393M	259M	1.04B	448M	-17M
Per Share Items
Net EPS - Basic	2.46	4.69	4.77	2.29	0.57
Basic EPS - Continuing Operations	1.72	1.17	4.77	2.23	-0.1
Basic Weighted Average Shares Outstanding	229M	221M	219M	201M	177M
Net EPS - Diluted	2.43	4.66	4.72	2.27	0.57
Diluted EPS - Continuing Operations	1.7	1.17	4.72	2.21	-0.1
Diluted Weighted Average Shares Outstanding	231M	222M	221M	203M	177M
Normalized Basic EPS	0.91	0.55	2.35	2.17	0.14
Normalized Diluted EPS	0.9	0.55	2.32	2.15	0.14
Dividend Per Share	0.65	0.65	0.72	0.85	0.95
Payout Ratio	26.69	13.93	15.22	37.17	170.3
Supplemental Items
EBITDA	712M	520M	1.11B	1.06B	373M
EBITA	467M	285M	870M	828M	144M
EBIT	451M	252M	830M	788M	104M
EBITDAR	768M	586M	1.18B	1.11B	442M
Total Revenues (As Reported)	6.8B	6.02B	8.45B	8.02B	6.11B
Effective Tax Rate - (Ratio)	-9.72	13.65	15.92	26.69	64.65
Current Domestic Taxes	-17M	-216M	119M	6M	8M
Current Foreign Taxes	71M	90M	127M	91M	66M
Total Current Taxes	54M	-126M	246M	97M	74M
Deferred Domestic Taxes	-181M	167M	-70M	57M	-35M
Deferred Foreign Taxes	89M	5M	33M	32M	25M
Total Deferred Taxes	-92M	172M	-37M	89M	-10M
Normalized Net Income	208M	122M	514M	436M	24.25M
Interest Capitalized	4M	7M	11M	7M	6M
Interest on Long-Term Debt	115M	-	-	-	-
Non-Cash Pension Expense	-14M	-37M	-32M	-47M	0
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	137M	135M	150M	125M	115M
Net Rental Expense, Total	56M	66M	72M	44M	69M
Imputed Operating Lease Interest Expense	20.07M	18.19M	19.73M	11.94M	18.7M
Imputed Operating Lease Depreciation	35.93M	47.81M	52.27M	32.06M	50.3M
Stock-Based Comp., Other (Total)	29M	27M	32M	29M	28M
Total Stock-Based Compensation	29M	27M	32M	29M	28M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	525M	1.59B	1.04B	654M	540M
Total Cash And Short Term Investments	525M	1.59B	1.04B	654M	540M
Accounts Receivable, Total	953M	910M	1.19B	834M	753M
Total Receivables	953M	910M	1.19B	834M	753M
Inventory	914M	848M	1.2B	995M	867M
Prepaid Expenses	83M	-	-	-	-
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	1.28B	217M	500M	662M	154M
Total Current Assets	3.76B	3.57B	3.93B	3.14B	2.31B
Gross Property Plant And Equipment	6.08B	6.48B	6.71B	6.4B	6.74B
Accumulated Depreciation	-3.3B	-3.53B	-3.73B	-3.65B	-4B
Net Property Plant And Equipment	2.78B	2.95B	2.98B	2.75B	2.74B
Long-term Investments	535M	405M	470M	425M	438M
Goodwill	276M	533M	650M	641M	644M
Other Intangibles, Total	197M	453M	469M	425M	387M
Loans Receivable Long-Term	34M	-	-	-	-
Deferred Tax Assets Long-Term	292M	288M	206M	147M	112M
Deferred Charges Long-Term	223M	250M	-	-	-
Other Long-Term Assets, Total	229M	266M	690M	686M	611M
Total Assets	8.32B	8.71B	9.39B	8.22B	7.25B
Liabilities
Accounts Payable, Total	822M	876M	1.21B	961M	719M
Accrued Expenses, Total	361M	385M	645M	289M	302M
Short-term Borrowings	40M	-	-	-	-
Current Portion of Long-Term Debt	172M	593M	12M	66M	12M
Current Portion of Leases	42M	52M	51M	51M	46M
Current Income Taxes Payable	59M	73M	135M	68M	67M
Unearned Revenue Current, Total	-	-	-	-	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	512M	-	-	266M	26M
Total Current Liabilities	2.01B	1.98B	2.05B	1.7B	1.17B
Long-Term Debt	2.18B	1.53B	1.54B	1.67B	1.68B
Long-Term Leases	384M	411M	370M	336M	334M
Pension & Other Post Retirement Benefits	743M	783M	541M	263M	256M
Deferred Tax Liability Non Current	29M	212M	161M	250M	243M
Other Non Current Liabilities	155M	127M	172M	159M	89M
Total Liabilities	5.5B	5.04B	4.83B	4.38B	3.77B
Common Stock, Total	3M	3M	3M	3M	3M
Additional Paid In Capital	4.01B	4.05B	4.1B	4.16B	4.2B
Retained Earnings	690M	1.56B	2.44B	2.7B	2.62B
Treasury Stock	-635M	-731M	-934M	-1.94B	-2.29B
Comprehensive Income and Other	-1.38B	-1.36B	-1.23B	-1.3B	-1.29B
Total Common Equity	2.69B	3.52B	4.38B	3.62B	3.25B
Minority Interest	137M	154M	181M	216M	227M
Total Equity	2.82B	3.67B	4.56B	3.84B	3.48B
Total Liabilities And Equity	8.32B	8.71B	9.39B	8.22B	7.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	225M	221M	214M	184M	172M
ECS Total Common Shares Outstanding	224M	220M	214M	184M	172M
Book Value / Share	11.98	15.99	20.44	19.73	18.95
Tangible Book Value	2.21B	2.53B	3.26B	2.56B	2.22B
Tangible Book Value Per Share	9.87	11.51	15.22	13.93	12.94
Total Debt	2.82B	2.58B	1.97B	2.12B	2.07B
Net Debt	2.29B	991M	930M	1.47B	1.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	651M	671M	308M	-3M	77M
Debt Equivalent Oper. Leases	448M	528M	576M	352M	552M
Minority Interest, Total (Incl. Fin. Div)	137M	154M	181M	216M	227M
Equity Method Investments, Total	535M	373M	470M	425M	438M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-28M	-27M	-42M	-44M	-36M
Inventories - Raw Materials, Total	175M	180M	282M	241M	191M
Inventories - Work In Process, Total	49M	44M	52M	40M	39M
Inventories - Finished Goods, Total	718M	651M	909M	758M	673M
Land - (BS)	103M	97M	99M	94M	99M
Buildings, Total	605M	540M	628M	570M	586M
Machinery, Total	4.7B	5.04B	5.12B	5.09B	5.33B
Full Time Employees	10K	9K	9K	7K	6K
Accumulated Allowance for Doubtful Accounts (Supple)	19M	26M	25M	14M	13M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	562M	1.03B	1.04B	460M	101M
Depreciation & Amortization - CF	245M	235M	242M	235M	229M
Amortization of Goodwill and Intangible Assets - (CF)	16M	33M	40M	40M	40M
Depreciation & Amortization, Total	261M	268M	282M	275M	269M
Amortization of Deferred Charges, Total - (CF)	9M	8M	-	-	-
(Gain) Loss From Sale Of Asset	-	-281M	-28M	-	-
(Gain) Loss on Sale of Investments - (CF)	19M	88M	28M	12M	5M
Asset Writedown & Restructuring Costs	-46M	14M	33M	12M	20M
(Income) Loss On Equity Investments - (CF)	-30M	-23M	-86M	4M	-24M
Stock-Based Compensation (CF)	29M	27M	32M	29M	27M
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	241M	-24M	-1M	22M	-42M
Other Operating Activities, Total	-128M	-500M	108M	164M	12M
Change In Accounts Receivable	138M	100M	-315M	146M	103M
Change In Inventories	77M	145M	-367M	-6M	125M
Change In Accounts Payable	21M	32M	342M	-84M	-223M
Change In Income Taxes	-	-231M	-	-	-
Change in Other Net Operating Assets	-256M	-404M	-121M	-120M	-162M
Cash from Operations	897M	253M	952M	914M	211M
Capital Expenditure	-274M	-249M	-342M	-272M	-230M
Sale of Property, Plant, and Equipment	50M	75M	-	-	-
Cash Acquisitions	-	-650M	-245M	-	-
Divestitures	-	2.28B	43M	-	544M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-352M
Other Investing Activities, Total	-36M	7M	20M	-7M	-8M
Cash from Investing	-260M	1.46B	-524M	-279M	-46M
Short Term Debt Issued, Total	102M	-	-	-	-
Long-Term Debt Issued, Total	779M	-	447M	219M	-
Total Debt Issued	881M	-	447M	219M	-
Short Term Debt Repaid, Total	-	-109M	-	-	-
Long-Term Debt Repaid, Total	-792M	-256M	-998M	-12M	-62M
Total Debt Repaid	-792M	-365M	-998M	-12M	-62M
Issuance of Common Stock	2M	3M	10M	6M	-
Repurchase of Common Stock	-220M	-104M	-207M	-1.02B	-
Common Dividends Paid	-150M	-144M	-159M	-171M	-172M
Common & Preferred Stock Dividends Paid	-150M	-144M	-159M	-171M	-172M
Other Financing Activities, Total	-171M	-45M	-70M	-17M	-37M
Cash from Financing	-450M	-655M	-977M	-994M	-271M
Foreign Exchange Rate Adjustments	-2M	7M	-3M	-28M	-8M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	185M	1.07B	-552M	-387M	-114M
Supplemental Items
Cash Interest Paid	111M	90M	82M	66M	68M
Cash Income Tax Paid (Refund)	100M	316M	106M	194M	97M
Levered Free Cash Flow	-136M	993M	191M	476M	338M
Unlevered Free Cash Flow	-66.12M	1.05B	233M	514M	379M
Change In Net Working Capital	373M	-835M	258M	10M	-247M
Net Debt Issued / Repaid	89M	-365M	-551M	207M	-62M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.46	1.85	5.73	5.59	0.84
Return on Total Capital	5.26	2.65	8.11	7.9	1.13
Return On Equity %	15.4	8.96	26.82	12.17	0.96
Return on Common Equity	15.1	8.35	26.47	11.2	-0.49
Margin Analysis
Gross Profit Margin %	20.33	18.28	21	19.27	14.83
SG&A Margin