XML 144 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidating Guarantor Financial Information
 12 Months Ended
Dec. 31, 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 14). 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 consolidating statements of cash flows 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 consolidating financial statements for the Parent Guarantor, the Issuer, the Subsidiary Guarantors and the non-guarantors are as follows:
CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF OPERATIONS
 
Year Ended December 31, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
2,298

 
5,137

 
(1,138
)
 
6,297

Cost of sales
—

 
—

 
(1,795
)
 
(4,036
)
 
1,140

 
(4,691
)
Gross profit
—

 
—

 
503

 
1,101

 
2

 
1,606

Selling, general and administrative expenses
—

 
—

 
(179
)
 
(304
)
 
—

 
(483
)
Amortization of intangible assets
—

 
—

 
(8
)
 
(16
)
 
—

 
(24
)
Research and development expenses
—

 
—

 
(27
)
 
(40
)
 
—

 
(67
)
Other (charges) gains, net
—

 
—

 
(8
)
 
(195
)
 
—

 
(203
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
7

 
—

 
7

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

 
—

 
(9
)
 
7

 
—

 
(2
)
Operating profit (loss)
—

 
—

 
272

 
560

 
2

 
834

Equity in net earnings (loss) of affiliates
881

 
856

 
551

 
165

 
(2,271
)
 
182

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

 
—

 
13

 
(33
)
 
—

 
(20
)
Interest expense
(29
)
 
(39
)
 
(127
)
 
(37
)
 
117

 
(115
)
Refinancing expense
—

 
(4
)
 
—

 
—

 
—

 
(4
)
Interest income
—

 
63

 
49

 
11

 
(117
)
 
6

Dividend income - equity investments
—

 
—

 
—

 
113

 
—

 
113

Other income (expense), net
—

 
(7
)
 
1

 
(2
)
 
—

 
(8
)
Earnings (loss) from continuing operations before tax
852

 
869

 
759

 
777

 
(2,269
)
 
988

Income tax (provision) benefit
—

 
12

 
23

 
(158
)
 
(1
)
 
(124
)
Earnings (loss) from continuing operations
852

 
881

 
782

 
619

 
(2,270
)
 
864

Earnings (loss) from operation of discontinued operations
—

 
—

 
(8
)
 
—

 
—

 
(8
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
2

 
—

 
—

 
2

Earnings (loss) from discontinued operations
—

 
—

 
(6
)
 
—

 
—

 
(6
)
Net earnings (loss)
852

 
881

 
776

 
619

 
(2,270
)
 
858

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Net earnings (loss) attributable to Celanese Corporation
852

 
881

 
776

 
613

 
(2,270
)
 
852

CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF OPERATIONS
 
Year Ended December 31, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
2,387

 
5,954

 
(1,186
)
 
7,155

Cost of sales
—

 
—

 
(1,898
)
 
(4,471
)
 
1,186

 
(5,183
)
Gross profit
—

 
—

 
489

 
1,483

 
—

 
1,972

Selling, general and administrative expenses
—

 
—

 
(213
)
 
(333
)
 
—

 
(546
)
Amortization of intangible assets
—

 
—

 
(8
)
 
(16
)
 
—

 
(24
)
Research and development expenses
—

 
—

 
(30
)
 
(42
)
 
—

 
(72
)
Other (charges) gains, net
—

 
—

 
—

 
9

 
—

 
9

Foreign exchange gain (loss), net
—

 
(3
)
 
—

 
3

 
—

 
—

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

 
—

 
(10
)
 
5

 
—

 
(5
)
Operating profit (loss)
—

 
(3
)
 
228

 
1,109

 
—

 
1,334

Equity in net earnings (loss) of affiliates
1,207

 
1,202

 
1,033

 
220

 
(3,429
)
 
233

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

 
—

 
(28
)
 
(34
)
 
—

 
(62
)
Interest expense
—

 
(30
)
 
(118
)
 
(33
)
 
56

 
(125
)
Refinancing expense
—

 
(1
)
 
—

 
—

 
—

 
(1
)
Interest income
—

 
45

 
7

 
10

 
(56
)
 
6

Dividend income - equity investments
—

 
—

 
—

 
113

 
4

 
117

Other income (expense), net
—

 
5

 
1

 
3

 
(1
)
 
8

Earnings (loss) from continuing operations before tax
1,207

 
1,218

 
1,123

 
1,388

 
(3,426
)
 
1,510

Income tax (provision) benefit
—

 
(11
)
 
(106
)
 
(176
)
 
1

 
(292
)
Earnings (loss) from continuing operations
1,207

 
1,207

 
1,017

 
1,212

 
(3,425
)
 
1,218

Earnings (loss) from operation of discontinued operations
—

 
—

 
3

 
(8
)
 
—

 
(5
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
(1
)
 
1

 
—

 
—

Earnings (loss) from discontinued operations
—

 
—

 
2

 
(7
)
 
—

 
(5
)
Net earnings (loss)
1,207

 
1,207

 
1,019

 
1,205

 
(3,425
)
 
1,213

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Net earnings (loss) attributable to Celanese Corporation
1,207

 
1,207

 
1,019

 
1,199

 
(3,425
)
 
1,207

CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF OPERATIONS
 
Year Ended December 31, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
2,240

 
5,013

 
(1,113
)
 
6,140

Cost of sales
—

 
—

 
(1,723
)
 
(4,014
)
 
1,108

 
(4,629
)
Gross profit
—

 
—

 
517

 
999

 
(5
)
 
1,511

Selling, general and administrative expenses
—

 
—

 
(189
)
 
(307
)
 
—

 
(496
)
Amortization of intangible assets
—

 
—

 
(4
)
 
(16
)
 
—

 
(20
)
Research and development expenses
—

 
—

 
(32
)
 
(41
)
 
—

 
(73
)
Other (charges) gains, net
—

 
—

 
(6
)
 
(53
)
 
—

 
(59
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(8
)
 
3

 
—

 
(5
)
Operating profit (loss)
—

 
—

 
278

 
584

 
(5
)
 
857

Equity in net earnings (loss) of affiliates
843

 
867

 
591

 
166

 
(2,284
)
 
183

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

 
—

 
60

 
(16
)
 
—

 
44

Interest expense
—

 
(20
)
 
(104
)
 
(30
)
 
32

 
(122
)
Interest income
—

 
25

 
4

 
5

 
(32
)
 
2

Dividend income - equity investments
—

 
—

 
—

 
111

 
(3
)
 
108

Other income (expense), net
—

 
(3
)
 
2

 
4

 
—

 
3

Earnings (loss) from continuing operations before tax
843

 
869

 
831

 
824

 
(2,292
)
 
1,075

Income tax (provision) benefit
—

 
(26
)
 
(62
)
 
(125
)
 
—

 
(213
)
Earnings (loss) from continuing operations
843

 
843

 
769

 
699

 
(2,292
)
 
862

Earnings (loss) from operation of discontinued operations
—

 
—

 
(2
)
 
(14
)
 
—

 
(16
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
1

 
2

 
—

 
3

Earnings (loss) from discontinued operations
—

 
—

 
(1
)
 
(12
)
 
—

 
(13
)
Net earnings (loss)
843

 
843

 
768

 
687

 
(2,292
)
 
849

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Net earnings (loss) attributable to Celanese Corporation
843

 
843

 
768

 
681

 
(2,292
)
 
843


CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Year Ended December 31, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
852

 
881

 
776

 
619

 
(2,270
)
 
858

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
(16
)
 
(16
)
 
(39
)
 
(48
)
 
103

 
(16
)
Gain (loss) from cash flow hedges
(30
)
 
(30
)
 
(6
)
 
(4
)
 
40

 
(30
)
Pension and postretirement benefits
(7
)
 
(7
)
 
(6
)
 
(7
)
 
20

 
(7
)
Total other comprehensive income (loss), net of tax
(53
)
 
(53
)
 
(51
)
 
(59
)
 
163

 
(53
)
Total comprehensive income (loss), net of tax
799

 
828

 
725

 
560

 
(2,107
)
 
805

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Comprehensive income (loss) attributable to Celanese Corporation
799

 
828

 
725

 
554

 
(2,107
)
 
799

CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Year Ended December 31, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
1,207

 
1,207

 
1,019

 
1,205

 
(3,425
)
 
1,213

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

 
—

 
6

 
13

 
(19
)
 
—

Foreign currency translation
(60
)
 
(60
)
 
(90
)
 
(109
)
 
259

 
(60
)
Gain (loss) from cash flow hedges
(10
)
 
(10
)
 
(2
)
 
(1
)
 
13

 
(10
)
Total other comprehensive income (loss), net of tax
(70
)
 
(70
)
 
(86
)
 
(97
)
 
253

 
(70
)
Total comprehensive income (loss), net of tax
1,137

 
1,137

 
933

 
1,108

 
(3,172
)
 
1,143

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Comprehensive income (loss) attributable to Celanese Corporation
1,137

 
1,137

 
933

 
1,102

 
(3,172
)
 
1,137

CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
Year Ended December 31, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
843

 
843

 
768

 
687

 
(2,292
)
 
849

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
(1
)
 
(1
)
 
(1
)
 
(1
)
 
3

 
(1
)
Foreign currency translation
174

 
174

 
226

 
268

 
(668
)
 
174

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

 
(1
)
Pension and postretirement benefits
9

 
9

 
7

 
10

 
(26
)
 
9

Total other comprehensive income (loss), net of tax
181

 
181

 
231

 
276

 
(688
)
 
181

Total comprehensive income (loss), net of tax
1,024

 
1,024

 
999

 
963

 
(2,980
)
 
1,030

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(6
)
 
—

 
(6
)
Comprehensive income (loss) attributable to Celanese Corporation
1,024

 
1,024

 
999

 
957

 
(2,980
)
 
1,024


CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
 
As of December 31, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
—

 
—

 
16

 
447

 
—

 
463

Trade receivables - third party and affiliates
—

 
—

 
122

 
851

 
(123
)
 
850

Non-trade receivables, net
56

 
1,188

 
1,925

 
743

 
(3,581
)
 
331

Inventories, net
—

 
—

 
360

 
725

 
(47
)
 
1,038

Marketable securities
—

 
—

 
24

 
16

 
—

 
40

Other assets
—

 
36

 
11

 
38

 
(42
)
 
43

Total current assets
56

 
1,224

 
2,458

 
2,820

 
(3,793
)
 
2,765

Investments in affiliates
4,064

 
5,217

 
4,206

 
841

 
(13,353
)
 
975

Property, plant and equipment, net
—

 
—

 
1,461

 
2,252

 
—

 
3,713

Operating lease right-of-use assets
—

 
—

 
50

 
153

 
—

 
203

Deferred income taxes
—

 
—

 
—

 
101

 
(5
)
 
96

Other assets
—

 
1,661

 
195

 
445

 
(1,963
)
 
338

Goodwill
—

 
—

 
399

 
675

 
—

 
1,074

Intangible assets, net
—

 
—

 
125

 
187

 
—

 
312

Total assets
4,120

 
8,102

 
8,894

 
7,474

 
(19,114
)
 
9,476

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings and current installments of long-term debt - third party and affiliates
1,596

 
374

 
1,089

 
385

 
(2,948
)
 
496

Trade payables - third party and affiliates
17

 
—

 
333

 
553

 
(123
)
 
780

Other liabilities
—

 
49

 
188

 
397

 
(173
)
 
461

Income taxes payable
—

 
—

 
439

 
80

 
(502
)
 
17

Total current liabilities
1,613

 
423

 
2,049

 
1,415

 
(3,746
)
 
1,754

Noncurrent Liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt, net of unamortized deferred financing costs
—

 
3,565

 
1,677

 
101

 
(1,934
)
 
3,409

Deferred income taxes
—

 
3

 
101

 
158

 
(5
)
 
257

Uncertain tax positions
—

 
—

 
—

 
169

 
(4
)
 
165

Benefit obligations
—

 
—

 
257

 
332

 
—

 
589

Operating lease liabilities
—

 
—

 
40

 
140

 
1

 
181

Other liabilities
—

 
47

 
93

 
118

 
(35
)
 
223

Total noncurrent liabilities
—

 
3,615

 
2,168

 
1,018

 
(1,977
)
 
4,824

Total Celanese Corporation stockholders' equity
2,507

 
4,064

 
4,677

 
4,650

 
(13,391
)
 
2,507

Noncontrolling interests
—

 
—

 
—

 
391

 
—

 
391

Total equity
2,507

 
4,064

 
4,677

 
5,041

 
(13,391
)
 
2,898

Total liabilities and equity
4,120

 
8,102

 
8,894

 
7,474

 
(19,114
)
 
9,476

CELANESE CORPORATION AND SUBSIDIARIES
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
—

 
—

 
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, net of unamortized deferred financing costs
—

 
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
CONSOLIDATING STATEMENT OF CASH FLOWS
 
Year Ended December 31, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
1,297

 
(42
)
 
1,044

 
716

 
(1,561
)
 
1,454

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(246
)
 
(124
)
 
—

 
(370
)
Acquisitions, net of cash acquired
—

 
—

 
(31
)
 
(60
)
 
—

 
(91
)
Proceeds from sale of businesses and assets, net
—

 
—

 
9

 
—

 
(8
)
 
1

Return of capital from subsidiary
—

 
—

 
10

 
—

 
(10
)
 
—

Contributions to subsidiary
—

 
—

 
(222
)
 
(218
)
 
440

 
—

Intercompany loan receipts (disbursements)
—

 
—

 
(536
)
 
—

 
536

 
—

Purchases of marketable securities
—

 
—

 
—

 
(16
)
 
—

 
(16
)
Other, net
—

 
—

 
—

 
(25
)
 
8

 
(17
)
Net cash provided by (used in) investing activities
—

 
—

 
(1,016
)
 
(443
)
 
966

 
(493
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
Net change in short-term borrowings with maturities of 3 months or less
—

 
160

 
17

 
(4
)
 
74

 
247

Proceeds from short-term borrowings
—

 
—

 
—

 
727

 
(610
)
 
117

Repayments of short-term borrowings
—

 
—

 
—

 
(91
)
 
—

 
(91
)
Proceeds from long-term debt
—

 
499

 
—

 
—

 
—

 
499

Repayments of long-term debt
—

 
(335
)
 
(1
)
 
(24
)
 
—

 
(360
)
Purchases of treasury stock, including related fees
(996
)
 
—

 
—

 
—

 
—

 
(996
)
Dividends to parent
—

 
(272
)
 
(251
)
 
(1,038
)
 
1,561

 
—

Contributions from parent
—

 
—

 
218

 
222

 
(440
)
 
—

Stock option exercises
(1
)
 
—

 
—

 
—

 
—

 
(1
)
Common stock dividends
(300
)
 
—

 
—

 
—

 
—

 
(300
)
Return of capital to parent
—

 
—

 
—

 
(10
)
 
10

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(10
)
 
—

 
(10
)
Other, net
—

 
(10
)
 
(25
)
 
(5
)
 
—

 
(40
)
Net cash provided by (used in) financing activities
(1,297
)
 
42

 
(42
)
 
(233
)
 
595

 
(935
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
(2
)
 
—

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

 
—

 
(14
)
 
38

 
—

 
24

Cash and cash equivalents as of beginning of period
—

 
—

 
30

 
409

 
—

 
439

Cash and cash equivalents as of end of period
—

 
—

 
16

 
447

 
—

 
463

CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF CASH FLOWS
 
Year Ended December 31, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
1,085

 
560

 
259

 
833

 
(1,179
)
 
1,558

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(225
)
 
(112
)
 
—

 
(337
)
Acquisitions, net of cash acquired
—

 
—

 
(144
)
 
—

 
—

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

 
—

 
—

 
13

 
—

 
13

Return of capital from subsidiary
—

 
—

 
233

 
—

 
(233
)
 
—

Contributions to subsidiary
—

 
—

 
(25
)
 
—

 
25

 
—

Intercompany loan receipts (disbursements)
—

 
(427
)
 
(66
)
 
(285
)
 
778

 
—

Other, net
—

 
—

 
(8
)
 
(31
)
 
—

 
(39
)
Net cash provided by (used in) investing activities
—

 
(427
)
 
(235
)
 
(415
)
 
570

 
(507
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
Net change in short-term borrowings with maturities of 3 months or less
—

 
61

 
18

 
(51
)
 
(66
)
 
(38
)
Proceeds from short-term borrowings
—

 
—

 
—

 
51

 
—

 
51

Repayments of short-term borrowings
—

 
—

 
—

 
(78
)
 
—

 
(78
)
Proceeds from long-term debt
—

 
846

 
427

 
—

 
(712
)
 
561

Repayments of long-term debt
—

 
(494
)
 
(26
)
 
(16
)
 
—

 
(536
)
Purchases of treasury stock, including related fees
(805
)
 
—

 
—

 
—

 
—

 
(805
)
Dividends to parent
—

 
(541
)
 
(633
)
 
(5
)
 
1,179

 
—

Contributions from parent
—

 
—

 
—

 
25

 
(25
)
 
—

Common stock dividends
(280
)
 
—

 
—

 
—

 
—

 
(280
)
Return of capital to parent
—

 
—

 
—

 
(233
)
 
233

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(23
)
 
—

 
(23
)
Other, net
—

 
(5
)
 
(10
)
 
(2
)
 
—

 
(17
)
Net cash provided by (used in) financing activities
(1,085
)
 
(133
)
 
(224
)
 
(332
)
 
609

 
(1,165
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
(23
)
 
—

 
(23
)
Net increase (decrease) in cash and cash equivalents
—

 
—

 
(200
)
 
63

 
—

 
(137
)
Cash and cash equivalents as of beginning of period
—

 
—

 
230

 
346

 
—

 
576

Cash and cash equivalents as of end of period
—

 
—

 
30

 
409

 
—

 
439

CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF CASH FLOWS
 
Year Ended December 31, 2017
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
740

 
868

 
425

 
593

 
(1,823
)
 
803

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(176
)
 
(91
)
 
—

 
(267
)
Acquisitions, net of cash acquired
—

 
(11
)
 
(12
)
 
(274
)
 
28

 
(269
)
Proceeds from sale of businesses and assets, net
—

 
—

 
9

 
20

 
(28
)
 
1

Return of capital from subsidiary
—

 
16

 
241

 
—

 
(257
)
 
—

Intercompany loan receipts (disbursements)
—

 
(530
)
 
(25
)
 
—

 
555

 
—

Other, net
—

 
—

 
(2
)
 
(12
)
 
—

 
(14
)
Net cash provided by (used in) investing activities
—

 
(525
)
 
35

 
(357
)
 
298

 
(549
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
Net change in short-term borrowings with maturities of 3 months or less
—

 
56

 
15

 
51

 
(11
)
 
111

Proceeds from short-term borrowings
—

 
—

 
—

 
182

 
—

 
182

Repayments of short-term borrowings
—

 
—

 
—

 
(124
)
 
—

 
(124
)
Proceeds from long-term debt
—

 
351

 
530

 
14

 
(544
)
 
351

Repayments of long-term debt
—

 
(6
)
 
(2
)
 
(69
)
 
—

 
(77
)
Purchases of treasury stock, including related fees
(500
)
 
—

 
—

 
—

 
—

 
(500
)
Dividends to parent
—

 
(741
)
 
(802
)
 
(280
)
 
1,823

 
—

Stock option exercises
1

 
—

 
—

 
—

 
—

 
1

Common stock dividends
(241
)
 
—

 
—

 
—

 
—

 
(241
)
Return of capital to parent
—

 
—

 
—

 
(257
)
 
257

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(27
)
 
—

 
(27
)
Other, net
—

 
(3
)
 
(22
)
 
(2
)
 
—

 
(27
)
Net cash provided by (used in) financing activities
(740
)
 
(343
)
 
(281
)
 
(512
)
 
1,525

 
(351
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
35

 
—

 
35

Net increase (decrease) in cash and cash equivalents
—

 
—

 
179

 
(241
)
 
—

 
(62
)
Cash and cash equivalents as of beginning of period
—

 
—

 
51

 
587

 
—

 
638

Cash and cash equivalents as of end of period
—

 
—

 
230

 
346

 
—

 
576