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Consolidating Guarantor Financial Information
6 Months Ended
Jun. 30, 2019
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, 2019 and 2018 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, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
586

 
1,298

 
(292
)
 
1,592

Cost of sales

 

 
(443
)
 
(1,020
)
 
294

 
(1,169
)
Gross profit

 

 
143

 
278

 
2

 
423

Selling, general and administrative expenses

 

 
(39
)
 
(79
)
 

 
(118
)
Amortization of intangible assets

 

 
(2
)
 
(4
)
 

 
(6
)
Research and development expenses

 

 
(7
)
 
(10
)
 

 
(17
)
Other (charges) gains, net

 

 
(5
)
 
(93
)
 

 
(98
)
Foreign exchange gain (loss), net

 

 

 
1

 

 
1

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

 

 
(2
)
 
3

 

 
1

Operating profit (loss)

 

 
88

 
96

 
2

 
186

Equity in net earnings (loss) of affiliates
209

 
210

 
122

 
34

 
(536
)
 
39

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

 

 
16

 
1

 

 
17

Interest expense

 
(9
)
 
(35
)
 
(13
)
 
28

 
(29
)
Refinancing expense

 
(4
)
 

 

 

 
(4
)
Interest income

 
18

 
11

 
1

 
(28
)
 
2

Dividend income - equity investments

 

 

 
30

 

 
30

Other income (expense), net

 
(4
)
 

 
2

 

 
(2
)
Earnings (loss) from continuing operations before tax
209

 
211

 
202

 
151

 
(534
)
 
239

Income tax (provision) benefit

 
(2
)
 
(23
)
 
(3
)
 

 
(28
)
Earnings (loss) from continuing operations
209

 
209

 
179

 
148

 
(534
)
 
211

Earnings (loss) from operation of discontinued operations

 

 
(2
)
 

 

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

 

 
1

 

 

 
1

Earnings (loss) from discontinued operations

 

 
(1
)
 

 

 
(1
)
Net earnings (loss)
209

 
209

 
178

 
148

 
(534
)
 
210

Net (earnings) loss attributable to noncontrolling interests

 

 

 
(1
)
 

 
(1
)
Net earnings (loss) attributable to Celanese Corporation
209

 
209

 
178

 
147

 
(534
)
 
209

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 - equity 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
 
Six Months Ended June 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
1,210

 
2,671

 
(602
)
 
3,279

Cost of sales

 

 
(901
)
 
(2,097
)
 
595

 
(2,403
)
Gross profit

 

 
309

 
574

 
(7
)
 
876

Selling, general and administrative expenses

 

 
(79
)
 
(159
)
 

 
(238
)
Amortization of intangible assets

 

 
(4
)
 
(8
)
 

 
(12
)
Research and development expenses

 

 
(13
)
 
(20
)
 

 
(33
)
Other (charges) gains, net

 

 
(5
)
 
(89
)
 

 
(94
)
Foreign exchange gain (loss), net

 

 

 
6

 

 
6

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

 

 
(4
)
 
5

 

 
1

Operating profit (loss)

 

 
204

 
309

 
(7
)
 
506

Equity in net earnings (loss) of affiliates
546

 
547

 
339

 
77

 
(1,420
)
 
89

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

 

 
31

 
3

 

 
34

Interest expense

 
(19
)
 
(66
)
 
(20
)
 
45

 
(60
)
Refinancing expense

 
(4
)
 

 

 

 
(4
)
Interest income

 
31

 
13

 
4

 
(45
)
 
3

Dividend income - equity investments

 

 

 
62

 

 
62

Other income (expense), net

 
(3
)
 

 
(3
)
 

 
(6
)
Earnings (loss) from continuing operations before tax
546

 
552

 
521

 
432

 
(1,427
)
 
624

Income tax (provision) benefit

 
(6
)
 
(30
)
 
(39
)
 
1

 
(74
)
Earnings (loss) from continuing operations
546

 
546

 
491

 
393

 
(1,426
)
 
550

Earnings (loss) from operation of discontinued operations

 

 
(3
)
 

 

 
(3
)
Income tax (provision) benefit from discontinued operations

 

 
1

 

 

 
1

Earnings (loss) from discontinued operations

 

 
(2
)
 

 

 
(2
)
Net earnings (loss)
546

 
546

 
489

 
393

 
(1,426
)
 
548

Net (earnings) loss attributable to noncontrolling interests

 

 

 
(2
)
 

 
(2
)
Net earnings (loss) attributable to Celanese Corporation
546

 
546

 
489

 
391

 
(1,426
)
 
546






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 - equity 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 STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended June 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
209

 
209

 
178

 
148

 
(534
)
 
210

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation gain (loss)
(11
)
 
(11
)
 
2

 
4

 
5

 
(11
)
Gain (loss) on cash flow hedges
(13
)
 
(13
)
 
(3
)
 
(3
)
 
19

 
(13
)
Total other comprehensive income (loss), net of tax
(24
)
 
(24
)
 
(1
)
 
1

 
24

 
(24
)
Total comprehensive income (loss), net of tax
185

 
185

 
177

 
149

 
(510
)
 
186

Comprehensive (income) loss attributable to noncontrolling interests

 

 

 
(1
)
 

 
(1
)
Comprehensive income (loss) attributable to Celanese Corporation
185

 
185

 
177

 
148

 
(510
)
 
185

 
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 gain (loss)
(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


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Six Months Ended June 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
546

 
546

 
489

 
393

 
(1,426
)
 
548

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation gain (loss)
(4
)
 
(4
)
 
(16
)
 
(20
)
 
40

 
(4
)
Gain (loss) on cash flow hedges
(16
)
 
(16
)
 
3

 
5

 
8

 
(16
)
Total other comprehensive income (loss), net of tax
(20
)
 
(20
)
 
(13
)
 
(15
)
 
48

 
(20
)
Total comprehensive income (loss), net of tax
526

 
526

 
476

 
378

 
(1,378
)
 
528

Comprehensive (income) loss attributable to noncontrolling interests

 

 

 
(2
)
 

 
(2
)
Comprehensive income (loss) attributable to Celanese Corporation
526

 
526

 
476

 
376

 
(1,378
)
 
526

 
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 gain (loss)
(17
)
 
(17
)
 
(46
)
 
(58
)
 
121

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

 
5

 
4

 
5

 
(14
)
 
5

Pension and postretirement benefits gain (loss)
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


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATING BALANCE SHEET
 
As of June 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

 

 
51

 
440

 

 
491

Trade receivables - third party and affiliates

 

 
100

 
991

 
(120
)
 
971

Non-trade receivables, net
40

 
1,025

 
1,631

 
611

 
(2,975
)
 
332

Inventories, net

 

 
327

 
739

 
(55
)
 
1,011

Marketable securities, at fair value

 

 
27

 

 

 
27

Other assets

 
28

 
23

 
39

 
(46
)
 
44

Total current assets
40

 
1,053

 
2,159

 
2,820

 
(3,196
)
 
2,876

Investments in affiliates
3,760

 
4,937

 
4,126

 
832

 
(12,696
)
 
959

Property, plant and equipment, net

 

 
1,349

 
2,293

 

 
3,642

Operating lease right-of-use assets

 

 
55

 
154

 

 
209

Deferred income taxes

 

 

 
92

 
(2
)
 
90

Other assets

 
1,658

 
176

 
452

 
(1,966
)
 
320

Goodwill

 

 
399

 
684

 

 
1,083

Intangible assets, net

 

 
129

 
198

 

 
327

Total assets
3,800

 
7,648

 
8,393

 
7,525

 
(17,860
)
 
9,506

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings and current installments of long-term debt - third party and affiliates
910

 
197

 
819

 
752

 
(2,359
)
 
319

Trade payables - third party and affiliates
25

 
1

 
270

 
588

 
(120
)
 
764

Other liabilities

 
41

 
151

 
268

 
(158
)
 
302

Income taxes payable

 

 
500

 
28

 
(505
)
 
23

Total current liabilities
935

 
239

 
1,740

 
1,636

 
(3,142
)
 
1,408

Noncurrent Liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
3,590

 
1,678

 
114

 
(1,938
)
 
3,444

Deferred income taxes

 
15

 
85

 
167

 
(2
)
 
265

Uncertain tax positions
1

 
2

 
5

 
163

 

 
171

Benefit obligations

 

 
242

 
303

 

 
545

Operating lease liabilities

 

 
44

 
148

 

 
192

Other liabilities

 
42

 
98

 
125

 
(38
)
 
227

Total noncurrent liabilities
1

 
3,649

 
2,152

 
1,020

 
(1,978
)
 
4,844

Total Celanese Corporation stockholders' equity
2,864

 
3,760

 
4,501

 
4,479

 
(12,740
)
 
2,864

Noncontrolling interests

 

 

 
390

 

 
390

Total equity
2,864

 
3,760

 
4,501

 
4,869

 
(12,740
)
 
3,254

Total liabilities and equity
3,800

 
7,648

 
8,393

 
7,525

 
(17,860
)
 
9,506

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATING BALANCE SHEET
 
As of December 31, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents

 

 
30

 
409

 

 
439

Trade receivables - third party and affiliates

 

 
96

 
1,040

 
(119
)
 
1,017

Non-trade receivables, net
40

 
551

 
797

 
697

 
(1,784
)
 
301

Inventories, net

 

 
329

 
765

 
(48
)
 
1,046

Marketable securities, at fair value

 

 
31

 

 

 
31

Other assets

 
24

 
10

 
37

 
(31
)
 
40

Total current assets
40

 
575

 
1,293

 
2,948

 
(1,982
)
 
2,874

Investments in affiliates
3,503

 
4,820

 
4,678

 
855

 
(12,877
)
 
979

Property, plant and equipment, net

 

 
1,289

 
2,430

 

 
3,719

Deferred income taxes

 

 

 
86

 
(2
)
 
84

Other assets

 
1,658

 
142

 
461

 
(1,971
)
 
290

Goodwill

 

 
399

 
658

 

 
1,057

Intangible assets, net

 

 
132

 
178

 

 
310

Total assets
3,543

 
7,053

 
7,933

 
7,616

 
(16,832
)
 
9,313

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings and current installments of long-term debt - third party and affiliates
544

 
333

 
465

 
258

 
(1,039
)
 
561

Trade payables - third party and affiliates
13

 
1

 
342

 
583

 
(120
)
 
819

Other liabilities
1

 
87

 
267

 
258

 
(270
)
 
343

Income taxes payable

 

 
475

 
88

 
(507
)
 
56

Total current liabilities
558

 
421

 
1,549

 
1,187

 
(1,936
)
 
1,779

Noncurrent Liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
3,104

 
1,679

 
127

 
(1,940
)
 
2,970

Deferred income taxes

 
15

 
85

 
157

 
(2
)
 
255

Uncertain tax positions

 

 
6

 
152

 

 
158

Benefit obligations

 

 
250

 
314

 

 
564

Other liabilities
1

 
10

 
99

 
138

 
(40
)
 
208

Total noncurrent liabilities
1

 
3,129

 
2,119

 
888

 
(1,982
)
 
4,155

Total Celanese Corporation stockholders' equity
2,984

 
3,503

 
4,265

 
5,146

 
(12,914
)
 
2,984

Noncontrolling interests

 

 

 
395

 

 
395

Total equity
2,984

 
3,503

 
4,265

 
5,541

 
(12,914
)
 
3,379

Total liabilities and equity
3,543

 
7,053

 
7,933

 
7,616

 
(16,832
)
 
9,313


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS
 
Six Months Ended June 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
636

 
(31
)
 
1,052

 
635

 
(1,561
)
 
731

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment

 

 
(83
)
 
(61
)
 

 
(144
)
Acquisitions, net of cash acquired

 

 
(31
)
 
(60
)
 

 
(91
)
Return of capital from subsidiary

 

 
7

 

 
(7
)
 

Intercompany loan receipts (disbursements)

 

 
(653
)
 

 
653

 

Other, net

 

 
2

 
(10
)
 

 
(8
)
Net cash provided by (used in) investing activities

 

 
(758
)
 
(131
)
 
646

 
(243
)
Financing Activities
 

 
 

 
 

 
 

 
 

 
 

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

 
149

 
3

 
(4
)
 
(43
)
 
105

Proceeds from short-term borrowings

 

 

 
610

 
(610
)
 

Repayments of short-term borrowings

 

 

 
(12
)
 

 
(12
)
Proceeds from long-term debt

 
499

 

 

 

 
499

Repayments of long-term debt

 
(335
)
 
(1
)
 
(12
)
 

 
(348
)
Purchases of treasury stock, including related fees
(488
)
 

 

 

 

 
(488
)
Dividends to parent

 
(272
)
 
(251
)
 
(1,038
)
 
1,561

 

Common stock dividends
(148
)
 

 

 

 

 
(148
)
Return of capital to parent

 

 

 
(7
)
 
7

 

(Distributions to) contributions from noncontrolling interests

 

 

 
(7
)
 

 
(7
)
Other, net

 
(10
)
 
(24
)
 
(4
)
 

 
(38
)
Net cash provided by (used in) financing activities
(636
)
 
31

 
(273
)
 
(474
)
 
915

 
(437
)
Exchange rate effects on cash and cash equivalents

 

 

 
1

 

 
1

Net increase (decrease) in cash and cash equivalents

 

 
21

 
31

 

 
52

Cash and cash equivalents as of beginning of period

 

 
30

 
409

 

 
439

Cash and cash equivalents as of end of period

 

 
51

 
440

 

 
491

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
)
 

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