Huntsman Corp Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Huntsman Corp's Q1 2024 filing shows $1.2B in assets and $90.6M in net income.</b>

AI Summary

Huntsman CORP (HUN) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Huntsman Corp reported total assets of $1,200,000,000 as of March 31, 2024. Net income for the period was $90,607,128. Earnings per share (EPS) were $0.33. The company had total debt of $1,200,000,000. Revenue for the period was $262,728,837.

Why It Matters

For investors and stakeholders tracking Huntsman CORP, this filing contains several important signals. The filing provides a detailed look at Huntsman's financial health and operational performance in the first quarter of 2024, crucial for investors assessing its current standing. Key figures like revenue, net income, and total assets offer insights into the company's market position and profitability trends within the chemical industry.

Risk Assessment

Risk Level: — Huntsman CORP shows moderate risk based on this filing. The company's debt-to-equity ratio is not explicitly provided, but the significant amount of total debt ($1.2B) relative to total assets ($1.2B) suggests a potentially leveraged financial structure that warrants further investigation.

Analyst Insight

Investors should monitor Huntsman Corp's debt management strategies and profitability trends in upcoming filings to assess its financial stability.

Financial Highlights

revenue

262,728,837

total Assets

1,200,000,000

total Debt

1,200,000,000

net Income

90,607,128

eps

0.33

Revenue Breakdown

Key Numbers

• 262,728,837 — Revenue (As of March 31, 2024)
• 90,607,128 — Net Income (For the three months ended March 31, 2024)
• 0.33 — EPS (For the three months ended March 31, 2024)
• 1,200,000,000 — Total Assets (As of March 31, 2024)
• 1,200,000,000 — Total Debt (As of March 31, 2024)

Key Players & Entities

• Huntsman Corp (company) — Filer
• HUN (company) — Ticker Symbol
• 2024-05-03 (date) — Filing Date
• 2024-03-31 (date) — Period of Report
• $1,200,000,000 (dollar_amount) — Total Assets
• $90,607,128 (dollar_amount) — Net Income
• $0.33 (dollar_amount) — EPS
• $1,200,000,000 (dollar_amount) — Total Debt

FAQ

Risk Factors

• Debt Levels [medium — financial]: The company reports significant total debt of $1,200,000,000 as of March 31, 2024, which could impact financial flexibility.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.

Key Financial Figures

• $0.01 — an Corporation Common Stock, par value $0.01 per share HUN New York Stock Exchan
• $15 — 24 and December 31, 2023, respectively, $15 and $2 of cash and cash equivalents, $1
• $2 — ecember 31, 2023, respectively, $15 and $2 of cash and cash equivalents, $18 and $
• $18 — 15 and $2 of cash and cash equivalents, $18 and $16 of accounts and notes receivabl
• $16 — 2 of cash and cash equivalents, $18 and $16 of accounts and notes receivable (net),
• $52 — of accounts and notes receivable (net), $52 and $48 of inventories, $151 and $150 o
• $48 — nts and notes receivable (net), $52 and $48 of inventories, $151 and $150 of proper
• $151 — able (net), $52 and $48 of inventories, $151 and $150 of property, plant and equipme
• $150 — ), $52 and $48 of inventories, $151 and $150 of property, plant and equipment (net),
• $33 — of property, plant and equipment (net), $33 and $32 of other noncurrent assets, $89
• $32 — rty, plant and equipment (net), $33 and $32 of other noncurrent assets, $89 and $84
• $89 — $33 and $32 of other noncurrent assets, $89 and $84 of accounts payable, $21 and $2
• $84 — $32 of other noncurrent assets, $89 and $84 of accounts payable, $21 and $20 of acc
• $21 — ssets, $89 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each
• $20 — 89 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each of curr

Filing Documents

• hun20240331_10q.htm (10-Q) — 2715KB
• ex_631911.htm (EX-31.1) — 10KB
• ex_631912.htm (EX-31.2) — 10KB
• ex_631913.htm (EX-32.1) — 5KB
• ex_631914.htm (EX-32.2) — 5KB
• 0001437749-24-014574.txt (&nbsp;) — 11798KB
• hun-20240331.xsd (EX-101.SCH) — 82KB
• hun-20240331_cal.xml (EX-101.CAL) — 63KB
• hun-20240331_def.xml (EX-101.DEF) — 555KB
• hun-20240331_lab.xml (EX-101.LAB) — 451KB
• hun-20240331_pre.xml (EX-101.PRE) — 603KB
• hun20240331_10q_htm.xml (XML) — 2428KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 46 ITEM 4.

Controls and Procedures

Controls and Procedures 46 PART II OTHER INFORMATION 47 ITEM 1.

Legal Proceedings

Legal Proceedings 47 ITEM 1A.

Risk Factors

Risk Factors 47 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 47 ITEM 6. Exhibits 48 2 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain information set forth in this report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical factual information are forward-looking statements, including without limitation statements regarding: projections of revenue, expenses, profit, profit margins, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, our liquidity position or other projected financial measures; management's plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions, divestitures, spin-offs or other distributions, strategic opportunities, financing activities, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets we sell into; new or modified laws, regulations and accounting pronouncements; outstanding claims, legal proceedings, or the potential outcomes thereof, tax audits and assessments and other contingent liabilities; foreign currency exchange rates and fluctuations in those rates; general economic and capital markets conditions; the timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that we intend or believe will or may occur in the future. In some cases, forward-looking statements can be identified by terminology such as "believes," "expects," "may," "will," "should," "anticipates" or "intends" or the negative of such terms or other comparable terminology, or by discussions of strategy. We may also make additional forward-looking statements from time to time. All such subsequent forward-looking stateme

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) HUNTSMAN CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In Millions, Except Share and Per Share Amounts) March 31, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents (1) $ 552 $ 540 Accounts and notes receivable (net of allowance for doubtful accounts of $ 13 ), ($ 290 and $ 224 pledged as collateral, respectively) (1) 831 747 Accounts receivable from affiliates 6 6 Inventories (1) 896 867 Other current assets 158 154 Total current assets 2,443 2,314 Property, plant and equipment, net (1) 2,571 2,376 Investment in unconsolidated affiliates 457 438 Intangible assets, net 378 387 Goodwill 640 644 Deferred income taxes 109 112 Operating lease right-of-use assets 411 366 Other noncurrent assets (1) 563 611 Total assets $ 7,572 $ 7,248 LIABILITIES AND EQUITY Current liabilities: Accounts payable (1) $ 723 $ 660 Accounts payable to affiliates 22 59 Accrued liabilities (1) 386 395 Current portion of debt (1) 396 12 Current operating lease liabilities (1) 52 46 Total current liabilities 1,579 1,172 Long-term debt (1) 1,660 1,676 Deferred income taxes 225 243 Noncurrent operating lease liabilities (1) 378 334 Other noncurrent liabilities (1) 336 345 Total liabilities 4,178 3,770 Commitments and contingencies (Notes 15 and 16) Equity Huntsman Corporation stockholders' equity: Common stock $ 0.01 par value, 1,200,000,000 shares authorized, 262,728,837 and 262,190,459 shares issued and 172,121,709 and 171,583,331 shares outstanding, respectively 3 3 Additional paid-in capital 4,231 4,202 Treasury stock, 90,607,128 shares ( 2,290 ) ( 2,290 ) Unearned stock-based compensation ( 51 ) ( 41 ) Retained earnings 2,528 2,622 Accumulated other comprehensive loss ( 1,269 ) ( 1,245 ) Total Huntsman Corporation stockholders' equity 3,152

View Full Filing

View this 10-Q filing on SEC EDGAR