Huntsman Corporation (HUN) Financial Statements (2024 and earlier)

Company Profile

Business Address 10003 WOODLOCH FOREST DRIVE
THE WOODLANDS, TX 77380
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 28 - Chemicals And Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6541,0411,593525340470
Cash and cash equivalents6541,0411,593525340470
Restricted cash and investments      11
Receivables8341,1869109531,2721,283
Inventory, net of allowances, customer advances and progress billings9951,2018489141,1341,073
Inventory9951,2018489141,1341,073
Prepaid expense    836660
Disposal group, including discontinued operation    1,208 2,880
Asset, held-for-sale, not part of disposal group 472     
Other current assets19016721772146202
Other undisclosed current assets 333    
Total current assets:3,1453,9283,5683,7552,9585,979
Noncurrent Assets
Operating lease, right-of-use asset374403445396
Property, plant and equipment2,3772,5762,5052,3833,0643,098
Long-term investments and receivables425470373569560266
Due from related parties   3434 
Long-term investments425470373535526266
Intangible assets, net (including goodwill)1,0661,119986473494196
Goodwill641650533276275140
Intangible assets, net (excluding goodwill)42546945319721956
Deferred costs     3233
Deferred income tax assets147206288292
Other noncurrent assets686690548452553497
Other undisclosed noncurrent assets     292175
Total noncurrent assets:5,0755,4645,1454,5654,9954,265
TOTAL ASSETS:8,2209,3928,7138,3207,95310,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3361,9281,3001,1851,4831,515
Accounts payable 9071,148842765929946
Accrued liabilities429780458420554569
Debt66125932549640
Restructuring reserve 1926   
Accrued environmental loss contingencies111   
Disposal group, including discontinued operation 194  512 1,692
Due to related parties546034573218
Other undisclosed current liabilities503125   
Total current liabilities:1,7012,0511,9792,0081,6113,265
Noncurrent Liabilities
Long-term debt and lease obligation1,6711,9081,9392,5612,2242,258
Long-term debt, excluding current maturities1,6711,5381,5282,1772,2242,258
Liabilities, other than long-term debt1,0088741,1229271,0951,086
Asset retirement obligations     11 
Deferred income tax liabilities25016121229
Accrued environmental loss contingencies     5 
Restructuring reserve     6 
Other liabilities4227139108981,0731,086
Operating lease, liability336370411384
Other undisclosed noncurrent liabilities     274264
Total noncurrent liabilities:2,6792,7823,0613,4883,5933,608
Total liabilities:4,3804,8335,0405,4965,2046,873
Equity
Equity, attributable to parent, including:3,6244,3783,5192,6872,5202,620
Treasury stock, value(1,937)(934)(731)(635)(427)(150)
Additional paid in capital4,1564,1024,0484,0083,9843,889
Deferred compensation equity(35)(25)(19)(17)(16)(15)
Accumulated other comprehensive loss(1,268)(1,203)(1,346)(1,362)(1,316)(1,268)
Retained earnings2,7052,4351,564690292161
Other undisclosed equity, attributable to parent333333
Equity, attributable to noncontrolling interest216181154137229751
Total equity:3,8404,5593,6732,8242,7493,371
TOTAL LIABILITIES AND EQUITY:8,2209,3928,7138,3207,95310,244

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,0238,4536,0186,7979,3798,358
Revenue, net8,208
Cost of revenue(6,477)(6,678)(4,918)(5,415)(7,354)(6,546)
Cost of goods and services sold      (6,546)
Gross profit:1,5461,7751,1001,3822,0251,812
Operating expenses(874)(980)(667)(913)(987)(961)
Operating income:6727954334691,038851
Nonoperating income
(Other Nonoperating income)
35323620292
Interest and debt expense  (27) (23)(3)(54)
Income from continuing operations before equity method investments, income taxes:7078004694661,064799
Income from equity method investments6714342545513
Other undisclosed income (loss) from continuing operations before income taxes(77)370(174)(129)(177)(165)
Income from continuing operations before income taxes:6971,313337391942647
Income tax expense (benefit)(186)(209)(46)38(97)(64)
Income from continuing operations:5111,104291429845583
Income before gain (loss) on sale of properties:1,1041,066598650741
Income (loss) from discontinued operations12 775169(195)158
Net income:5231,1041,066598650741
Net loss attributable to noncontrolling interest(63)(59)(32)(36)(313)(105)
Net income available to common stockholders, diluted:4601,0451,034562337636

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:5231,1041,066598650741
Other comprehensive income (loss)(77)15022(36)(240)296
Comprehensive income:4461,2541,0885624101,037
Comprehensive loss, net of tax, attributable to noncontrolling interest(51)(66)(38)(31)(266)(127)
Comprehensive income, net of tax, attributable to parent:3951,1881,050531144910

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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