EX-99.2 4 a20138-kmtm2xex992.htm EXHIBIT 2013 8-K MTM (2) - EX99.2


Exhibit 99.2
Item 8.  Financial Statements and Supplementary Data
Quarterly Financial Information
Change in accounting policy regarding pension and other postretirement benefits
Effective January 1, 2013, we elected to change our policy for recognizing actuarial gains and losses and changes in the fair value of plan assets for our defined benefit pension plans and other postretirement benefit plans. We now immediately recognize in operating results net actuarial gains and losses and the change in fair value of plan assets annually in the fourth quarter of each fiscal year and whenever a plan is required to be remeasured. The remaining components of our net periodic benefit cost are recorded on a quarterly basis. For further discussion, see Note 2 - Summary of Accounting Policies in the consolidated financial statements included as Exhibit 99.3 to this Current Report on Form 8-K. Financial information for prior periods has been retrospectively adjusted.
CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
 
Three Months Ended
 
 
March 31,
2012
 
June 30,
2012
 
September 30,
2012
 
December 31,
2012
 
 
As Adjusted
 
 
(Unaudited)
(In $ millions, except per share data)
Net sales
1,633

 
1,675

 
1,609

 
1,501

 
Gross profit
274

 
335

 
328

 
244

 
Other (charges) gains, net
—

 
(3
)
 
2

 
(13
)
 
Operating profit (loss)
111

 
178

 
176

 
(290
)
 
Earnings (loss) from continuing operations
   before tax
120

 
278

 
186

 
(263
)
 
Amounts attributable to Celanese Corporation
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
193

 
221

 
129

 
(167
)
 
Earnings (loss) from discontinued operations
—

 
—

 
(2
)
 
(2
)
 
Net earnings (loss)
193

 
221

 
127

 
(169
)
 
Net earnings (loss) per share — basic
1.23

 
1.40

 
0.80

 
(1.06
)
 
Net earnings (loss) per share — diluted
1.21

 
1.38

 
0.79

 
(1.06
)
 

EX 99.2 - 1


 
Three Months Ended
 
 
March 31,
2011
 
June 30,
2011
 
September 30,
2011
 
December 31,
2011
 
 
As Adjusted
 
 
(Unaudited)
(In $ millions, except per share data)
Net sales
1,589

 
1,753

 
1,807

 
1,614

 
Gross profit
354

 
411

 
403

 
249

 
Other (charges) gains, net
3

 
(18
)
(1) 
(24
)
(2) 
(9
)
(3) 
Operating profit (loss)
193

 
213

 
201

 
(205
)
 
Earnings (loss) from continuing operations
   before tax
185

 
284

 
206

 
(208
)
 
Amounts attributable to Celanese Corporation
 
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
141

 
208

 
171

 
(94
)
 
Earnings (loss) from discontinued operations
4

 
(2
)
 
—

 
(1
)
 
Net earnings (loss)
145

 
206

 
171

 
(95
)
 
Net earnings (loss) per share — basic
0.93

 
1.32

 
1.09

 
(0.61
)
 
Net earnings (loss) per share — diluted
0.91

 
1.29

 
1.08

 
(0.61
)
 
___________________________
(1)
Includes $16 million in costs and $4 million of employee termination benefits related to the relocation and expansion of the Company's polyacetal ("POM") operations in Kelsterbach, Germany to Frankfurt Hoechst Industrial Park, Germany.
(2)
Includes $14 million in costs and $1 million of employee termination benefits related to the relocation and expansion of the Company's POM operations in Kelsterbach, Germany to Frankfurt Hoechst Industrial Park, Germany, and a $7 million unfavorable settlement in a resolution of a commercial dispute.
(3)
Includes $4 million in costs and $3 million of employee termination benefits related to the relocation of the Company's POM operations in Kelsterbach, Germany to Frankfurt Hoechst Industrial Park, Germany.

EX 99.2 - 2