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Consolidating Guarantor Financial Information
6 Months Ended
Jun. 30, 2018
Consolidating Guarantor Financial Information [Abstract]  
Consolidating Guarantor Financial Information
Consolidating Guarantor Financial Information
The Senior Notes were issued by Celanese US ("Issuer") and are guaranteed by Celanese Corporation ("Parent Guarantor") and the Subsidiary Guarantors (Note 10). The Issuer and Subsidiary Guarantors are 100% owned subsidiaries of the Parent Guarantor. The Parent Guarantor and Subsidiary Guarantors have guaranteed the Notes fully and unconditionally and jointly and severally.
For cash management purposes, the Company transfers cash between the Parent Guarantor, Issuer, Subsidiary Guarantors and non-guarantors through intercompany financing arrangements, contributions or declaration of dividends between the respective parent and its subsidiaries. The transfer of cash under these activities facilitates the ability of the recipient to make specified third-party payments for principal and interest on the Company's outstanding debt, Common Stock dividends and Common Stock repurchases. The unaudited interim consolidating statements of cash flows for the six months ended June 30, 2018 and 2017 present such intercompany financing activities, contributions and dividends consistent with how such activity would be presented in a stand-alone statement of cash flows.
The Company has not presented separate financial information and other disclosures for each of its Subsidiary Guarantors because it believes such financial information and other disclosures would not provide investors with any additional information that would be material in evaluating the sufficiency of the guarantees.
The unaudited interim consolidating financial statements for the Parent Guarantor, the Issuer, the Subsidiary Guarantors and the non-guarantors are as follows:
CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Three Months Ended June 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
586

 
1,566

 
(308
)
 
1,844

Cost of sales
—

 
—

 
(457
)
 
(1,171
)
 
305

 
(1,323
)
Gross profit
—

 
—

 
129

 
395

 
(3
)
 
521

Selling, general and administrative expenses
—

 
—

 
(51
)
 
(85
)
 
—

 
(136
)
Amortization of intangible assets
—

 
—

 
(1
)
 
(6
)
 
—

 
(7
)
Research and development expenses
—

 
—

 
(7
)
 
(11
)
 
—

 
(18
)
Other (charges) gains, net
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
3

 
—

 
3

Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(3
)
 
1

 
—

 
(2
)
Operating profit (loss)
—

 
—

 
67

 
294

 
(3
)
 
358

Equity in net earnings (loss) of affiliates
344

 
341

 
312

 
53

 
(994
)
 
56

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
24

 
2

 
—

 
26

Interest expense
—

 
(5
)
 
(31
)
 
(8
)
 
12

 
(32
)
Interest income
—

 
10

 
2

 
2

 
(14
)
 
—

Dividend income - cost investments
—

 
—

 
—

 
32

 
2

 
34

Other income (expense), net
—

 
(1
)
 
—

 
1

 
—

 
—

Earnings (loss) from continuing operations before tax
344

 
345

 
374

 
376

 
(997
)
 
442

Income tax (provision) benefit
—

 
(1
)
 
(69
)
 
(28
)
 
1

 
(97
)
Earnings (loss) from continuing operations
344

 
344

 
305

 
348

 
(996
)
 
345

Earnings (loss) from operation of discontinued operations
—

 
—

 
(1
)
 
1

 
—

 
—

Income tax (provision) benefit from discontinued operations
—

 
—

 
—

 
—

 
—

 
—

Earnings (loss) from discontinued operations
—

 
—

 
(1
)
 
1

 
—

 
—

Net earnings (loss)
344

 
344

 
304

 
349

 
(996
)
 
345

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Net earnings (loss) attributable to Celanese Corporation
344

 
344

 
304

 
348

 
(996
)
 
344

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Three Months Ended June 30, 2017 - As Adjusted (Note 2)
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
563

 
1,222

 
(275
)
 
1,510

Cost of sales
—

 
—

 
(459
)
 
(966
)
 
280

 
(1,145
)
Gross profit
—

 
—

 
104

 
256

 
5

 
365

Selling, general and administrative expenses
—

 
—

 
(44
)
 
(73
)
 
—

 
(117
)
Amortization of intangible assets
—

 
—

 
(1
)
 
(4
)
 
—

 
(5
)
Research and development expenses
—

 
—

 
(7
)
 
(10
)
 
—

 
(17
)
Other (charges) gains, net
—

 
—

 
(1
)
 
(1
)
 
—

 
(2
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(2
)
 
—

 
—

 
(2
)
Operating profit (loss)
—

 
—

 
49

 
164

 
5

 
218

Equity in net earnings (loss) of affiliates
231

 
233

 
163

 
34

 
(623
)
 
38

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
20

 
2

 
—

 
22

Interest expense
—

 
(6
)
 
(24
)
 
(8
)
 
8

 
(30
)
Interest income
—

 
6

 
1

 
2

 
(8
)
 
1

Dividend income - cost investments
—

 
—

 
—

 
30

 
(1
)
 
29

Other income (expense), net
—

 
(1
)
 
1

 
3

 
—

 
3

Earnings (loss) from continuing operations before tax
231

 
232

 
210

 
227

 
(619
)
 
281

Income tax (provision) benefit
—

 
(1
)
 
(8
)
 
(34
)
 
3

 
(40
)
Earnings (loss) from continuing operations
231

 
231

 
202

 
193

 
(616
)
 
241

Earnings (loss) from operation of discontinued operations
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
—

 
1

 
—

 
1

Earnings (loss) from discontinued operations
—

 
—

 
—

 
(8
)
 
—

 
(8
)
Net earnings (loss)
231

 
231

 
202

 
185

 
(616
)
 
233

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(2
)
 
—

 
(2
)
Net earnings (loss) attributable to Celanese Corporation
231

 
231

 
202

 
183

 
(616
)
 
231

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Six Months Ended June 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
1,168

 
3,138

 
(611
)
 
3,695

Cost of sales
—

 
—

 
(905
)
 
(2,365
)
 
611

 
(2,659
)
Gross profit
—

 
—

 
263

 
773

 
—

 
1,036

Selling, general and administrative expenses
—

 
—

 
(110
)
 
(173
)
 
—

 
(283
)
Amortization of intangible assets
—

 
—

 
(2
)
 
(11
)
 
—

 
(13
)
Research and development expenses
—

 
—

 
(15
)
 
(21
)
 
—

 
(36
)
Other (charges) gains, net
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
2

 
—

 
2

Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(5
)
 
3

 
—

 
(2
)
Operating profit (loss)
—

 
—

 
131

 
570

 
—

 
701

Equity in net earnings (loss) of affiliates
707

 
701

 
586

 
106

 
(1,986
)
 
114

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
47

 
5

 
—

 
52

Interest expense
—

 
(10
)
 
(60
)
 
(17
)
 
22

 
(65
)
Interest income
—

 
18

 
4

 
4

 
(24
)
 
2

Dividend income - cost investments
—

 
—

 
—

 
64

 
2

 
66

Other income (expense), net
—

 
—

 
—

 
4

 
—

 
4

Earnings (loss) from continuing operations before tax
707

 
709

 
708

 
736

 
(1,986
)
 
874

Income tax (provision) benefit
—

 
(2
)
 
(105
)
 
(55
)
 
—

 
(162
)
Earnings (loss) from continuing operations
707

 
707

 
603

 
681

 
(1,986
)
 
712

Earnings (loss) from operation of discontinued operations
—

 
—

 
(1
)
 
(1
)
 
—

 
(2
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
—

 
—

 
—

 
—

Earnings (loss) from discontinued operations
—

 
—

 
(1
)
 
(1
)
 
—

 
(2
)
Net earnings (loss)
707

 
707

 
602

 
680

 
(1,986
)
 
710

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Net earnings (loss) attributable to Celanese Corporation
707

 
707

 
602

 
677

 
(1,986
)
 
707

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Six Months Ended June 30, 2017 - As Adjusted (Note 2)
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
1,152

 
2,399

 
(570
)
 
2,981

Cost of sales
—

 
—

 
(904
)
 
(1,932
)
 
570

 
(2,266
)
Gross profit
—

 
—

 
248

 
467

 
—

 
715

Selling, general and administrative expenses
—

 
—

 
(78
)
 
(142
)
 
—

 
(220
)
Amortization of intangible assets
—

 
—

 
(2
)
 
(7
)
 
—

 
(9
)
Research and development expenses
—

 
—

 
(14
)
 
(20
)
 
—

 
(34
)
Other (charges) gains, net
—

 
—

 
(7
)
 
(50
)
 
—

 
(57
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(4
)
 
1

 
—

 
(3
)
Operating profit (loss)
—

 
—

 
143

 
245

 
—

 
388

Equity in net earnings (loss) of affiliates
414

 
407

 
264

 
77

 
(1,077
)
 
85

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
40

 
4

 
—

 
44

Interest expense
—

 
(12
)
 
(47
)
 
(15
)
 
15

 
(59
)
Interest income
—

 
12

 
2

 
2

 
(15
)
 
1

Dividend income - cost investments
—

 
—

 
—

 
59

 
(1
)
 
58

Other income (expense), net
—

 
(1
)
 
1

 
4

 
—

 
4

Earnings (loss) from continuing operations before tax
414

 
406

 
403

 
376

 
(1,078
)
 
521

Income tax (provision) benefit
—

 
8

 
(71
)
 
(33
)
 
—

 
(96
)
Earnings (loss) from continuing operations
414

 
414

 
332

 
343

 
(1,078
)
 
425

Earnings (loss) from operation of discontinued operations
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
—

 
1

 
—

 
1

Earnings (loss) from discontinued operations
—

 
—

 
—

 
(8
)
 
—

 
(8
)
Net earnings (loss)
414

 
414

 
332

 
335

 
(1,078
)
 
417

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Net earnings (loss) attributable to Celanese Corporation
414

 
414

 
332

 
332

 
(1,078
)
 
414


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended June 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
344

 
344

 
304

 
349

 
(996
)
 
345

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
—

 
—

 
5

 
13

 
(18
)
 
—

Foreign currency translation
(66
)
 
(66
)
 
(109
)
 
(132
)
 
307

 
(66
)
Gain (loss) on cash flow hedges
6

 
6

 
5

 
6

 
(17
)
 
6

Total other comprehensive income (loss), net of tax
(60
)
 
(60
)
 
(99
)
 
(113
)
 
272

 
(60
)
Total comprehensive income (loss), net of tax
284

 
284

 
205

 
236

 
(724
)
 
285

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Comprehensive income (loss) attributable to Celanese Corporation
284

 
284

 
205

 
235

 
(724
)
 
284

 
Three Months Ended June 30, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
231

 
231

 
202

 
185

 
(616
)
 
233

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
1

 
1

 
1

 
1

 
(3
)
 
1

Foreign currency translation
78

 
78

 
96

 
119

 
(293
)
 
78

Gain (loss) on cash flow hedges
1

 
1

 
1

 
1

 
(3
)
 
1

Total other comprehensive income (loss), net of tax
80

 
80

 
98

 
121

 
(299
)
 
80

Total comprehensive income (loss), net of tax
311

 
311

 
300

 
306

 
(915
)
 
313

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(2
)
 
—

 
(2
)
Comprehensive income (loss) attributable to Celanese Corporation
311

 
311

 
300

 
304

 
(915
)
 
311

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Six Months Ended June 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
707

 
707

 
602

 
680

 
(1,986
)
 
710

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
—

 
—

 
5

 
13

 
(18
)
 
—

Foreign currency translation
(17
)
 
(17
)
 
(46
)
 
(58
)
 
121

 
(17
)
Gain (loss) on cash flow hedges
5

 
5

 
4

 
5

 
(14
)
 
5

Pension and postretirement benefits
1

 
1

 
1

 
1

 
(3
)
 
1

Total other comprehensive income (loss), net of tax
(11
)
 
(11
)
 
(36
)
 
(39
)
 
86

 
(11
)
Total comprehensive income (loss), net of tax
696

 
696

 
566

 
641

 
(1,900
)
 
699

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Comprehensive income (loss) attributable to Celanese Corporation
696

 
696

 
566

 
638

 
(1,900
)
 
696

 
Six Months Ended June 30, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
414

 
414

 
332

 
335

 
(1,078
)
 
417

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
1

 
1

 
1

 
1

 
(3
)
 
1

Foreign currency translation
106

 
106

 
126

 
158

 
(390
)
 
106

Gain (loss) on cash flow hedges
(1
)
 
(1
)
 
(1
)
 
(1
)
 
3

 
(1
)
Pension and postretirement benefits
5

 
5

 
4

 
6

 
(15
)
 
5

Total other comprehensive income (loss), net of tax
111

 
111

 
130

 
164

 
(405
)
 
111

Total comprehensive income (loss), net of tax
525

 
525

 
462

 
499

 
(1,483
)
 
528

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(3
)
 
—

 
(3
)
Comprehensive income (loss) attributable to Celanese Corporation
525

 
525

 
462

 
496

 
(1,483
)
 
525


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATING BALANCE SHEET
 
As of June 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
2

 
—

 
93

 
613

 
—

 
708

Trade receivables - third party and affiliates
—

 
—

 
125

 
1,180

 
(149
)
 
1,156

Non-trade receivables, net
37

 
506

 
452

 
416

 
(1,122
)
 
289

Inventories, net
—

 
—

 
259

 
710

 
(52
)
 
917

Marketable securities, at fair value
—

 
—

 
32

 
—

 
—

 
32

Other assets
—

 
50

 
16

 
75

 
(90
)
 
51

Total current assets
39

 
556

 
977

 
2,994

 
(1,413
)
 
3,153

Investments in affiliates
3,341

 
4,510

 
4,329

 
844

 
(12,061
)
 
963

Property, plant and equipment, net
—

 
—

 
1,200

 
2,524

 
—

 
3,724

Deferred income taxes
—

 
13

 
—

 
172

 
(22
)
 
163

Other assets
—

 
1,565

 
240

 
192

 
(1,605
)
 
392

Goodwill
—

 
—

 
314

 
755

 
—

 
1,069

Intangible assets, net
—

 
—

 
103

 
222

 
—

 
325

Total assets
3,380

 
6,644

 
7,163

 
7,703

 
(15,101
)
 
9,789

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings and current installments of long-term debt - third party and affiliates
—

 
169

 
163

 
286

 
(252
)
 
366

Trade payables - third party and affiliates
—

 
—

 
327

 
641

 
(149
)
 
819

Other liabilities
—

 
74

 
267

 
445

 
(472
)
 
314

Income taxes payable
—

 
—

 
488

 
113

 
(490
)
 
111

Total current liabilities
—

 
243

 
1,245

 
1,485

 
(1,363
)
 
1,610

Noncurrent Liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,060

 
1,525

 
213

 
(1,570
)
 
3,228

Deferred income taxes
—

 
—

 
67

 
203

 
(22
)
 
248

Uncertain tax positions
—

 
—

 
9

 
142

 
(2
)
 
149

Benefit obligations
—

 
—

 
269

 
288

 
—

 
557

Other liabilities
—

 
—

 
105

 
147

 
(42
)
 
210

Total noncurrent liabilities
—

 
3,060

 
1,975

 
993

 
(1,636
)
 
4,392

Total Celanese Corporation stockholders' equity
3,380

 
3,341

 
3,943

 
4,818

 
(12,102
)
 
3,380

Noncontrolling interests
—

 
—

 
—

 
407

 
—

 
407

Total equity
3,380

 
3,341

 
3,943

 
5,225

 
(12,102
)
 
3,787

Total liabilities and equity
3,380

 
6,644

 
7,163

 
7,703

 
(15,101
)
 
9,789

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATING BALANCE SHEET
 
As of December 31, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
—

 
—

 
230

 
346

 
—

 
576

Trade receivables - third party and affiliates
—

 
—

 
89

 
988

 
(91
)
 
986

Non-trade receivables, net
38

 
482

 
279

 
385

 
(940
)
 
244

Inventories, net
—

 
—

 
277

 
672

 
(49
)
 
900

Marketable securities, at fair value
—

 
—

 
32

 
—

 
—

 
32

Other assets
—

 
60

 
12

 
93

 
(111
)
 
54

Total current assets
38

 
542

 
919

 
2,484

 
(1,191
)
 
2,792

Investments in affiliates
2,850

 
4,283

 
3,916

 
861

 
(10,934
)
 
976

Property, plant and equipment, net
—

 
—

 
1,145

 
2,617

 
—

 
3,762

Deferred income taxes
—

 
6

 
206

 
158

 
(4
)
 
366

Other assets
—

 
1,295

 
171

 
165

 
(1,293
)
 
338

Goodwill
—

 
—

 
314

 
689

 
—

 
1,003

Intangible assets, net
—

 
—

 
48

 
253

 
—

 
301

Total assets
2,888

 
6,126

 
6,719

 
7,227

 
(13,422
)
 
9,538

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings and current installments of long-term debt - third party and affiliates
—

 
76

 
148

 
369

 
(267
)
 
326

Trade payables - third party and affiliates
—

 
1

 
300

 
598

 
(92
)
 
807

Other liabilities
—

 
71

 
302

 
273

 
(292
)
 
354

Income taxes payable
—

 
—

 
471

 
92

 
(491
)
 
72

Total current liabilities
—

 
148

 
1,221

 
1,332

 
(1,142
)
 
1,559

Noncurrent Liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,128

 
1,254

 
233

 
(1,300
)
 
3,315

Deferred income taxes
—

 
—

 
—

 
215

 
(4
)
 
211

Uncertain tax positions
—

 
—

 
1

 
157

 
(2
)
 
156

Benefit obligations
—

 
—

 
277

 
308

 
—

 
585

Other liabilities
—

 
—

 
255

 
158

 
—

 
413

Total noncurrent liabilities
—

 
3,128

 
1,787

 
1,071

 
(1,306
)
 
4,680

Total Celanese Corporation stockholders' equity
2,888

 
2,850

 
3,711

 
4,412

 
(10,974
)
 
2,887

Noncontrolling interests
—

 
—

 
—

 
412

 
—

 
412

Total equity
2,888

 
2,850

 
3,711

 
4,824

 
(10,974
)
 
3,299

Total liabilities and equity
2,888

 
6,126

 
6,719

 
7,227

 
(13,422
)
 
9,538


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS
 
Six Months Ended June 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
238

 
432

 
115

 
630

 
(687
)
 
728

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(109
)
 
(56
)
 
—

 
(165
)
Acquisitions, net of cash acquired
—

 
—

 
(144
)
 
—

 
—

 
(144
)
Proceeds from sale of businesses and assets, net
—

 
—

 
—

 
9

 
—

 
9

Return of capital from subsidiary
—

 
—

 
218

 
—

 
(218
)
 
—

Contributions to subsidiary
—

 
—

 
(16
)
 
—

 
16

 
—

Intercompany loan receipts (disbursements)
—

 
(272
)
 
(10
)
 
—

 
282

 
—

Other, net
—

 
—

 
(7
)
 
(24
)
 
—

 
(31
)
Net cash provided by (used in) investing activities
—

 
(272
)
 
(68
)
 
(71
)
 
80

 
(331
)
Financing Activities
 

 
 

 
 

 
 

 
 

 
 

Net change in short-term borrowings with maturities of 3 months or less
—

 
90

 
11

 
(51
)
 
(10
)
 
40

Proceeds from short-term borrowings
—

 
—

 
—

 
36

 
—

 
36

Repayments of short-term borrowings
—

 
—

 
—

 
(39
)
 
—

 
(39
)
Proceeds from long-term debt
—

 
—

 
272

 
—

 
(272
)
 
—

Repayments of long-term debt
—

 
(12
)
 
(13
)
 
(18
)
 
—

 
(43
)
Purchases of treasury stock, including related fees
(100
)
 
—

 
—

 
—

 
—

 
(100
)
Dividends to parent
—

 
(238
)
 
(449
)
 
—

 
687

 
—

Contributions from parent
—

 
—

 
—

 
16

 
(16
)
 
—

Series A common stock dividends
(136
)
 
—

 
—

 
—

 
—

 
(136
)
Return of capital to parent
—

 
—

 
—

 
(218
)
 
218

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(8
)
 
—

 
(8
)
Other, net
—

 
—

 
(5
)
 
(1
)
 
—

 
(6
)
Net cash provided by (used in) financing activities
(236
)
 
(160
)
 
(184
)
 
(283
)
 
607

 
(256
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Net increase (decrease) in cash and cash equivalents
2

 
—

 
(137
)
 
267

 
—

 
132

Cash and cash equivalents as of beginning of period
—

 
—

 
230

 
346

 
—

 
576

Cash and cash equivalents as of end of period
2

 
—

 
93

 
613

 
—

 
708

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS
 
Six Months Ended June 30, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
415

 
342

 
351

 
283

 
(901
)
 
490

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(82
)
 
(34
)
 
—

 
(116
)
Acquisitions, net of cash acquired
—

 
(11
)
 
(12
)
 
(264
)
 
19

 
(268
)
Proceeds from sale of businesses and assets, net
—

 
—

 
—

 
20

 
(19
)
 
1

Return of capital from subsidiary
—

 
—

 
9

 
—

 
(9
)
 
—

Contributions to subsidiary
—

 
—

 
—

 
—

 
—

 
—

Intercompany loan receipts (disbursements)
—

 
(74
)
 
(11
)
 
—

 
85

 
—

Other, net
—

 
—

 
(1
)
 
(5
)
 
—

 
(6
)
Net cash provided by (used in) investing activities
—

 
(85
)
 
(97
)
 
(283
)
 
76

 
(389
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
Net change in short-term borrowings with maturities of 3 months or less
—

 
161

 
2

 
50

 
(11
)
 
202

Proceeds from short-term borrowings
—

 
—

 
—

 
104

 
—

 
104

Repayments of short-term borrowings
—

 
—

 
—

 
(55
)
 
—

 
(55
)
Proceeds from long-term debt
—

 
—

 
74

 
—

 
(74
)
 
—

Repayments of long-term debt
—

 
—

 
(1
)
 
(57
)
 
—

 
(58
)
Purchases of treasury stock, including related fees
(300
)
 
—

 
—

 
—

 
—

 
(300
)
Dividends to parent
—

 
(415
)
 
(306
)
 
(180
)
 
901

 
—

Stock option exercises
1

 
—

 
—

 
—

 
—

 
1

Series A common stock dividends
(116
)
 
—

 
—

 
—

 
—

 
(116
)
Return of capital to parent
—

 
—

 
—

 
(9
)
 
9

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(8
)
 
—

 
(8
)
Other, net
—

 
—

 
(17
)
 
(2
)
 
—

 
(19
)
Net cash provided by (used in) financing activities
(415
)
 
(254
)
 
(248
)
 
(157
)
 
825

 
(249
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
21

 
—

 
21

Net increase (decrease) in cash and cash equivalents
—

 
3

 
6

 
(136
)
 
—

 
(127
)
Cash and cash equivalents as of beginning of period
—

 
—

 
51

 
587

 
—

 
638

Cash and cash equivalents as of end of period
—

 
3

 
57

 
451

 
—

 
511