Short answer
Huntsman CORP (HUN) filed its fiscal 2017 10-K annual report with the SEC on Feb 23, 2018. It reported revenue of $8.4B (−13.5% year over year) and net income of $636M.
- Top risk flagged: EPA Risk Management Program revisions and revised TSCA rules could impose new hazard-analysis, auditing, reporting and chemical-testing costs
FY2017 key financial metrics · XBRL
- Revenue
- $8.4B
- −13.5% YoY
- Net income
- $636M
- +95.1% YoY
- Operating margin
- 10.2%
- +3.5 pp YoY
- Gross margin
- 21.7%
- +4.3 pp YoY
- EPS (diluted)
- $2.61
- +91.9% YoY
- ROE
- 24.3%
- −1.1 pp YoY
- Operating cash flow
- $1.2B
- +12.0% YoY
Source: XBRL data from the Huntsman CORP (HUN) FY2017 10-K on SEC EDGAR. USD.
Huntsman CORP FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global manufacturer of differentiated organic chemicals, serving diversified consumer and industrial applications through four segments
- P&A separation into Venator IPO, with Huntsman retaining approximately 55% ownership at year-end
- Strategic pivot toward higher-margin specialty MDI, formulated systems, polyols, TPU and customer-specific technical solutions
- China expansion: Nanjing PO/MTBE facility began commercial operations, while Caojing MDI expansions reached mechanical completion
- Revenue $8,358 million and approximately 10,000 associates worldwide, with R&D spending of $138 million
Management Discussion & Analysis
- Revenue $8,358M, up $840M or 11% YoY, driven by higher selling prices and Textile Effects volumes
- Gross profit $1,812M, up 19%; adjusted EBITDA $1,259M, up 26%
- Best segment Polyurethanes: revenue $4,399M, up 20%; adjusted EBITDA up 49%
- Worst segment Performance Products: revenue $2,109M, down 1%; adjusted EBITDA down 6%
- Operating cash flow $842M, free cash flow $594M, capex $282M, debt repayment $2.1B; 2018 capex guidance $325M
Risk Factors
- EPA Risk Management Program revisions and revised TSCA rules could impose new hazard-analysis, auditing, reporting and chemical-testing costs
- Brexit and NAFTA renegotiation exposure: Europe represents 25% of revenues and North America 41%
- Sole-source raw-material suppliers and regional feedstock constraints could disrupt production or increase costs
- Chinese 10% ethanol mandate by 2020 could displace MTBE, including Huntsman’s Sinopec joint venture output
- $2,298 million debt, including $236 million variable-rate borrowings, heightens refinancing and interest-rate risk
Generated from the filing text; verify against the original. How to read a 10-K
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