Huntsman CORP

Listed Company

HUNCIK 0001307954NYSELarge AcceleratedChemicals & Allied ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.68B

Net Income

$-284.00M

Total Assets

$7.01B

Equity

$2.75B

Shares Out

174.01M

Op. Cash Flow

$289.00M

Business

Huntsman CORP is a global manufacturer of diversified organic chemical products focused on polyurethane, performance chemicals and advanced materials. It produces MDI, polyols, TPU, amines, maleic anhydride, epoxy and other polymer formulations, as well as specialty adhesives, composites and carbon nanomaterials. The company operates through three reportable segments: Polyurethanes, Performance Products and Advanced Materials, with joint ventures and downstream systems houses supporting production and formulation. Huntsman sells worldwide to industrial and building product manufacturers through direct sales, distributors, agents and regional systems houses in over 90 countries.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	5,683	6,036	6,111	8,023	7,670
Cost of goods sold	4,932	5,170	5,205	6,477	6,086
Gross profit	751	866	906	1,546	1,584
Selling, general and administrative	670	671	689	711	739
Research and development	120	121	115	125	135
Restructuring, Settlement and Impairment Provisions (Credits)	148	39	18	86	40
Income associated with litigation matter, net	−33	0	0	—	—
Gain on acquisition of assets, net	−5	−51	0	0	—
Prepaid asset write-off	0	71	0	0	—
Loss on dissolution of subsidiaries	0	39	0	0	—
Other operating (income) expense, net	−18	1	0	−48	−33
Total operating expenses	882	891	822	874	853
Operating (loss) income	−131	−25	84	672	731
Interest expense, net	−79	−79	−65	−62	−67
Equity in income of investment in unconsolidated affiliates	4	44	83	67	143
Other Nonoperating Income (Expense)	14	21	−3	20	29
(Loss) income from continuing operations before income taxes	−192	−39	99	697	1,246
Income tax expense	−26	−61	−64	−186	−191
(Loss) income from continuing operations	−218	−100	35	511	1,055
(Loss) income from discontinued operations, net of tax	−9	−27	118	12	49
Net (loss) income	−227	−127	153	523	1,104
Net income attributable to noncontrolling interests	−57	−62	−52	−63	−59
Net (loss) income attributable to parent	−284	−189	101	460	1,045
Loss from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	−1.6	−0.94	−0.1	2.23	4.55
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)	−0.05	−0.16	0.67	0.06	0.22
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share)	−1.65	−1.1	0.57	2.29	4.77
Weighted average shares (in shares)	173	172	177	201	219
Loss from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	−1.6	−0.94	−0.1	2.21	4.5
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)	−0.05	−0.16	0.67	0.06	0.22
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share)	−1.65	−1.1	0.57	2.27	4.72
Weighted average shares (in shares)	173	172	177	203	221
Loss from continuing operations	−275	−162	−17	448	996
(Loss) income from discontinued operations, net of tax	−9	−27	118	12	49
Net (loss) income	−284	−189	101	460	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	429	340	540	654	1,041
Accounts and notes receivable	670	718	747	813	988
Inventories	818	917	867	995	1,038
Prepaid expenses	94	114	92	—	—
Other current assets	46	29	62	190	155
Total current assets	2,064	2,125	2,314	3,145	3,928
Property, plant and equipment, net	2,486	2,493	2,376	2,377	2,443
Investment in unconsolidated affiliates	309	346	438	425	470
Intangible assets, net	308	344	387	425	469
Goodwill	630	633	644	641	650
Deferred income taxes	49	69	112	147	180
Operating lease right-of-use assets	365	382	366	374	381
Other noncurrent assets	804	722	611	686	689
Total assets	7,015	7,114	7,248	8,220	9,392
Accrued liabilities	458	416	395	429	713
Current portion of debt	353	325	12	66	12
Current operating lease liabilities	57	54	46	51	49
Total current liabilities	1,589	1,565	1,172	1,701	2,051
Long-term debt	1,658	1,510	1,676	1,671	1,538
Deferred income taxes	156	204	243	250	161
Noncurrent operating lease liabilities	333	348	334	336	346
Other noncurrent liabilities	322	324	345	422	586
Total liabilities	4,058	3,951	3,770	4,380	4,833
Commitments and contingencies (Notes 21 and 22)	—	—	—	—	—
Common stock $0.01 par value, 1,200,000,000 shares authorized, 263,229,465 and 262,751,907 shares issued and 172,622,337 and 172,144,779 shares outstanding, respectively	3	3	3	3	3
Additional paid-in capital	4,261	4,233	4,202	4,156	4,102
Treasury stock, 90,607,128 shares	−2,290	−2,290	−2,290	−1,937	−934
Unearned stock-based compensation	−28	−32	−41	−35	−25
Retained earnings	1,810	2,245	2,622	2,705	2,435
Accumulated other comprehensive loss	−1,006	−1,200	−1,245	−1,268	−1,203
Total Huntsman Corporation stockholders equity	2,750	2,959	3,251	3,624	4,378
Noncontrolling interests in subsidiaries	207	204	227	216	181
Total equity	2,957	3,163	3,478	3,840	4,559
Total liabilities and equity	7,015	7,114	7,248	8,220	9,392

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash received from return on investment in unconsolidated subsidiary	17	101	59	71	57
Depreciation and amortization	287	289	278	281	278
Noncash lease expense	75	76	68	63	64
Gain on acquisition of assets, net	−5	−51	0	0	—
Noncash prepaid asset write-off	0	71	0	0	—
Noncash restructuring and impairment charges	100	10	11	6	18
Deferred income taxes	−32	−15	−10	89	−39
Stock-based compensation	31	30	28	29	30
Other, net	9	9	24	−27	−11
Accounts and notes receivable	71	7	103	146	−313
Inventories	133	−77	125	−6	−342
Prepaid expenses	26	−34	6	−6	—
Other current assets	−5	22	24	−38	39
Other noncurrent assets	−87	−163	60	−52	−189
Accounts payable	−88	69	−224	−84	346
Accrued liabilities	3	23	−31	−304	296
Other noncurrent liabilities	−15	23	−222	−53	75
Net cash provided by operating activities from continuing operations	298	285	251	892	915
Net cash used in operating activities from discontinued operations	−9	−22	−42	22	37
Net cash provided by operating activities	289	263	209	914	952
Capital expenditures	−173	−184	−230	−272	−326
Cash received from return of investment in unconsolidated subsidiary	41	30	0	0	—
Cash received from sale of businesses, net	0	16	544	0	—
Cash received from sale of assets	0	11	0	0	0
Other, net	0	1	−5	7	12
Net cash (used in) provided by investing activities from continuing operations	−132	−126	309	−260	−508
Net cash used in investing activities from discontinued operations	0	0	−4	−19	−16
Net cash (used in) provided by investing activities	−132	−126	305	−279	−524
Net borrowings (repayments) on revolving loan facilities	460	−169	−51	219	−8
Proceeds from long-term debt	0	349	0	0	447
Repayments of long-term debt	−328	−13	−11	−12	−990
Principal payments on note payable	0	−218	0	0	0
Dividends paid to common stockholders	−146	−174	−169	−171	−159
Distributions paid to noncontrolling interests	−58	−86	−36	−16	−40
Repurchase of common stock	0	−4	−349	−1,005	−200
Repurchase and cancellation of stock awards	−3	−5	−10	−14	−7
Proceeds from issuance of common stock	0	0	5	6	10
Other, net	−1	−6	1	−1	−4
Net cash used in financing activities	−76	−326	−620	−994	−977
Increase (decrease) in cash and cash equivalents	89	−200	−114	−387	−552
Effect of exchange rate changes on cash	8	−11	−8	−28	−3
Cash paid for interest	86	77	68	66	82
Cash paid for income taxes	98	90	97	194	106

Filings

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