Celanese Corp - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - April 2, 2013

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EX-99.1 - EXHIBIT 99.1 - Celanese Corpa20138-k1ex991.htm
EX-10.1 - EXHIBIT 10.1 - Celanese Corpa20138-k1ex101.htm
EX-99.3 - EXHIBIT 99.3 - Celanese Corpa20138-k1ex993.htm
8-K - 8-K - Celanese Corpa20138-k1doc.htm


Exhibit 99.2
This exhibit provides additional information concerning the implications, on a historic basis, of the Company's change in its accounting policy for pension accounting.
CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
 
Year Ended December 31, 2012
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
6,418

 
—

 
6,418

Cost of sales
(5,226
)
 
(11
)
 
(5,237
)
Gross profit
1,192

 
(11
)
 
1,181

Selling, general and administrative expenses
(507
)
 
(323
)
 
(830
)
Amortization of intangible assets
(51
)
 
—

 
(51
)
Research and development expenses
(102
)
 
(2
)
 
(104
)
Other (charges) gains, net
(14
)
 
—

 
(14
)
Foreign exchange gain (loss), net
(4
)
 
—

 
(4
)
Gain (loss) on disposition of businesses and assets, net
(3
)
 
—

 
(3
)
Operating profit (loss)
511

 
(336
)
 
175

Equity in net earnings (loss) of affiliates
242

 
—

 
242

Interest expense
(185
)
 
—

 
(185
)
Refinancing expense
(3
)
 
—

 
(3
)
Interest income
2

 
—

 
2

Dividend income - cost investments
85

 
—

 
85

Other income (expense), net
5

 
—

 
5

Earnings (loss) from continuing operations before tax
657

 
(336
)
 
321

Income tax (provision) benefit
(48
)
 
103

 
55

Earnings (loss) from continuing operations
609

 
(233
)
 
376

Earnings (loss) from operation of discontinued operations
(6
)
 
—

 
(6
)
Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
2

 
—

 
2

Earnings (loss) from discontinued operations
(4
)
 
—

 
(4
)
Net earnings (loss)
605

 
(233
)
 
372

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
605

 
(233
)
 
372

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
605

 
(233
)
 
372

Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
609

 
(233
)
 
376

Earnings (loss) from discontinued operations
(4
)
 
—

 
(4
)
Net earnings (loss)
605

 
(233
)
 
372

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
3.84

 
(1.47
)
 
2.37

Discontinued operations
(0.02
)
 
—

 
(0.02
)
Net earnings (loss) - basic
3.82

 
(1.47
)
 
2.35

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
3.81

 
(1.46
)
 
2.35

Discontinued operations
(0.02
)
 
—

 
(0.02
)
Net earnings (loss) - diluted
3.79

 
(1.46
)
 
2.33

Weighted average shares - basic
158,359,914

 
—

 
158,359,914

Weighted average shares - diluted
159,830,786

 
—

 
159,830,786


EX 99.2 - 1


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
 
Year Ended December 31, 2011
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
6,763

 
—

 
6,763

Cost of sales
(5,329
)
 
(17
)
 
(5,346
)
Gross profit
1,434

 
(17
)
 
1,417

Selling, general and administrative expenses
(536
)
 
(269
)
 
(805
)
Amortization of intangible assets
(62
)
 
—

 
(62
)
Research and development expenses
(96
)
 
(2
)
 
(98
)
Other (charges) gains, net
(48
)
 
—

 
(48
)
Foreign exchange gain (loss), net
—

 
—

 
—

Gain (loss) on disposition of businesses and assets, net
(2
)
 
—

 
(2
)
Operating profit (loss)
690

 
(288
)
 
402

Equity in net earnings (loss) of affiliates
192

 
—

 
192

Interest expense
(221
)
 
—

 
(221
)
Refinancing expense
(3
)
 
—

 
(3
)
Interest income
3

 
—

 
3

Dividend income - cost investments
80

 
—

 
80

Other income (expense), net
14

 
—

 
14

Earnings (loss) from continuing operations before tax
755

 
(288
)
 
467

Income tax (provision) benefit
(149
)
 
108

 
(41
)
Earnings (loss) from continuing operations
606

 
(180
)
 
426

Earnings (loss) from operation of discontinued operations
2

 
—

 
2

Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
(1
)
 
—

 
(1
)
Earnings (loss) from discontinued operations
1

 
—

 
1

Net earnings (loss)
607

 
(180
)
 
427

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
607

 
(180
)
 
427

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
607

 
(180
)
 
427

Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
606

 
(180
)
 
426

Earnings (loss) from discontinued operations
1

 
—

 
1

Net earnings (loss)
607

 
(180
)
 
427

Earnings (loss) per common share - basic
 

 
 

 
 

Continuing operations
3.88

 
(1.16
)
 
2.72

Discontinued operations
0.01

 
—

 
0.01

Net earnings (loss) - basic
3.89

 
(1.16
)
 
2.73

Earnings (loss) per common share - diluted
 

 
 

 
 

Continuing operations
3.81

 
(1.13
)
 
2.68

Discontinued operations
0.01

 
—

 
0.01

Net earnings (loss) - diluted
3.82

 
(1.13
)
 
2.69

Weighted average shares - basic
156,226,526

 
—

 
156,226,526

Weighted average shares - diluted
158,970,283

 
—

 
158,970,283


EX 99.2 - 2


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
 
Year Ended December 31, 2010
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
5,918

 
—

 
5,918

Cost of sales
(4,738
)
 
(12
)
 
(4,750
)
Gross profit
1,180

 
(12
)
 
1,168

Selling, general and administrative expenses
(505
)
 
(93
)
 
(598
)
Amortization of intangible assets
(61
)
 
—

 
(61
)
Research and development expenses
(70
)
 
—

 
(70
)
Other (charges) gains, net
(46
)
 
—

 
(46
)
Foreign exchange gain (loss), net
(3
)
 
—

 
(3
)
Gain (loss) on disposition of businesses and assets, net
8

 
—

 
8

Operating profit (loss)
503

 
(105
)
 
398

Equity in net earnings (loss) of affiliates
168

 
—

 
168

Interest expense
(204
)
 
—

 
(204
)
Refinancing expense
(16
)
 
—

 
(16
)
Interest income
7

 
—

 
7

Dividend income - cost investments
73

 
—

 
73

Other income (expense), net
7

 
—

 
7

Earnings (loss) from continuing operations before tax
538

 
(105
)
 
433

Income tax (provision) benefit
(112
)
 
40

 
(72
)
Earnings (loss) from continuing operations
426

 
(65
)
 
361

Earnings (loss) from operation of discontinued operations
(80
)
 
—

 
(80
)
Gain (loss) on disposition of discontinued operations
2

 
—

 
2

Income tax (provision) benefit from discontinued operations
29

 
—

 
29

Earnings (loss) from discontinued operations
(49
)
 
—

 
(49
)
Net earnings (loss)
377

 
(65
)
 
312

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
377

 
(65
)
 
312

Cumulative preferred stock dividends
(3
)
 
—

 
(3
)
Net earnings (loss) available to common stockholders
374

 
(65
)
 
309

Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
426

 
(65
)
 
361

Earnings (loss) from discontinued operations
(49
)
 
—

 
(49
)
Net earnings (loss)
377

 
(65
)
 
312

Earnings (loss) per common share - basic
 

 
 

 
 

Continuing operations
2.73

 
(0.42
)
 
2.31

Discontinued operations
(0.31
)
 
—

 
(0.31
)
Net earnings (loss) - basic
2.42

 
(0.42
)
 
2.00

Earnings (loss) per common share - diluted
 

 
 

 
 

Continuing operations
2.69

 
(0.41
)
 
2.28

Discontinued operations
(0.31
)
 
—

 
(0.31
)
Net earnings (loss) - diluted
2.38

 
(0.41
)
 
1.97

Weighted average shares - basic
154,577,441

 
—

 
154,577,441

Weighted average shares - diluted
158,385,497

 
—

 
158,385,497


EX 99.2 - 3


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
 
Year Ended December 31, 2009
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
5,082

 
—

 
5,082

Cost of sales
(4,079
)
 
(16
)
 
(4,095
)
Gross profit
1,003

 
(16
)
 
987

Selling, general and administrative expenses
(474
)
 
(127
)
 
(601
)
Amortization of intangible assets
(77
)
 
—

 
(77
)
Research and development expenses
(70
)
 
(3
)
 
(73
)
Other (charges) gains, net
(136
)
 
—

 
(136
)
Foreign exchange gain (loss), net
2

 
—

 
2

Gain (loss) on disposition of businesses and assets, net
42

 
—

 
42

Operating profit (loss)
290

 
(146
)
 
144

Equity in net earnings (loss) of affiliates
99

 
—

 
99

Interest expense
(207
)
 
—

 
(207
)
Refinancing expense
—

 
—

 
—

Interest income
8

 
—

 
8

Dividend income - cost investments
57

 
—

 
57

Other income (expense), net
4

 
—

 
4

Earnings (loss) from continuing operations before tax
251

 
(146
)
 
105

Income tax (provision) benefit
243

 
51

 
294

Earnings (loss) from continuing operations
494

 
(95
)
 
399

Earnings (loss) from operation of discontinued operations
6

 
—

 
6

Gain (loss) on disposition of discontinued operations
—

 
—

 
—

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

 
(2
)
Earnings (loss) from discontinued operations
4

 
—

 
4

Net earnings (loss)
498

 
(95
)
 
403

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
498

 
(95
)
 
403

Cumulative preferred stock dividends
(10
)
 
—

 
(10
)
Net earnings (loss) available to common stockholders
488

 
(95
)
 
393

Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
494

 
(95
)
 
399

Earnings (loss) from discontinued operations
4

 
—

 
4

Net earnings (loss)
498

 
(95
)
 
403

Earnings (loss) per common share - basic
 

 
 

 
 

Continuing operations
3.37

 
(0.66
)
 
2.71

Discontinued operations
0.03

 
—

 
0.03

Net earnings (loss) - basic
3.40

 
(0.66
)
 
2.74

Earnings (loss) per common share - diluted
 

 
 

 
 

Continuing operations
3.14

 
(0.60
)
 
2.54

Discontinued operations
0.03

 
—

 
0.03

Net earnings (loss) - diluted
3.17

 
(0.60
)
 
2.57

Weighted average shares - basic
143,697,904

 
—

 
143,697,904

Weighted average shares - diluted
157,124,676

 
—

 
157,124,676



EX 99.2 - 4


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
 
Year Ended December 31, 2008
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
6,823

 
—

 
6,823

Cost of sales
(5,567
)
 
(52
)
 
(5,619
)
Gross profit
1,256

 
(52
)
 
1,204

Selling, general and administrative expenses
(545
)
 
(486
)
 
(1,031
)
Amortization of intangible assets
(76
)
 
—

 
(76
)
Research and development expenses
(75
)
 
(9
)
 
(84
)
Other (charges) gains, net
(108
)
 
—

 
(108
)
Foreign exchange gain (loss), net
(4
)
 
—

 
(4
)
Gain (loss) on disposition of businesses and assets, net
(8
)
 
—

 
(8
)
Operating profit (loss)
440

 
(547
)
 
(107
)
Equity in net earnings (loss) of affiliates
172

 
—

 
172

Interest expense
(261
)
 
—

 
(261
)
Refinancing expense
—

 
—

 
—

Interest income
31

 
—

 
31

Dividend income - cost investments
48

 
—

 
48

Other income (expense), net
3

 
—

 
3

Earnings (loss) from continuing operations before tax
433

 
(547
)
 
(114
)
Income tax (provision) benefit
(63
)
 
5

 
(58
)
Earnings (loss) from continuing operations
370

 
(542
)
 
(172
)
Earnings (loss) from operation of discontinued operations
(120
)
 
—

 
(120
)
Gain (loss) on disposition of discontinued operations
6

 
—

 
6

Income tax (provision) benefit from discontinued operations
24

 
—

 
24

Earnings (loss) from discontinued operations
(90
)
 
—

 
(90
)
Net earnings (loss)
280

 
(542
)
 
(262
)
Net (earnings) loss attributable to noncontrolling interests
1

 
—

 
1

Net earnings (loss) attributable to Celanese Corporation
281

 
(542
)
 
(261
)
Cumulative preferred stock dividends
(10
)
 
—

 
(10
)
Net earnings (loss) available to common stockholders
271

 
(542
)
 
(271
)
Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
371

 
(542
)
 
(171
)
Earnings (loss) from discontinued operations
(90
)
 
—

 
(90
)
Net earnings (loss)
281

 
(542
)
 
(261
)
Earnings (loss) per common share - basic
 

 
 

 
 

Continuing operations
2.44

 
(3.66
)
 
(1.22
)
Discontinued operations
(0.61
)
 
—

 
(0.61
)
Net earnings (loss) - basic
1.83

 
(3.66
)
 
(1.83
)
Earnings (loss) per common share - diluted
 

 
 

 
 

Continuing operations
2.27

 
(3.49
)
 
(1.22
)
Discontinued operations
(0.55
)
 
(0.06
)
 
(0.61
)
Net earnings (loss) - diluted
1.72

 
(3.55
)
 
(1.83
)
Weighted average shares - basic
148,355,615

 
—

 
148,355,615

Weighted average shares - diluted
163,477,215

 
(15,121,600
)
 
148,355,615




EX 99.2 - 5


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended December 31, 2012
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,501

 
—

 
1,501

Cost of sales
(1,234
)
 
(23
)
 
(1,257
)
Gross profit
267

 
(23
)
 
244

Selling, general and administrative expenses
(128
)
 
(348
)
 
(476
)
Amortization of intangible assets
(13
)
 
—

 
(13
)
Research and development expenses
(26
)
 
(5
)
 
(31
)
Other (charges) gains, net
(13
)
 
—

 
(13
)
Foreign exchange gain (loss), net
—

 
—

 
—

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

 
(1
)
Operating profit (loss)
86

 
(376
)
 
(290
)
Equity in net earnings (loss) of affiliates
79

 
—

 
79

Interest expense
(51
)
 
—

 
(51
)
Refinancing expense
(3
)
 
—

 
(3
)
Interest income
1

 
—

 
1

Dividend income - cost investments
—

 
—

 
—

Other income (expense), net
1

 
—

 
1

Earnings (loss) from continuing operations before tax
113

 
(376
)
 
(263
)
Income tax (provision) benefit
(16
)
 
112

 
96

Earnings (loss) from continuing operations
97

 
(264
)
 
(167
)
Earnings (loss) from operation of discontinued operations
(3
)
 
—

 
(3
)
Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
1

 
—

 
1

Earnings (loss) from discontinued operations
(2
)
 
—

 
(2
)
Net earnings (loss)
95

 
(264
)
 
(169
)
Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
95

 
(264
)
 
(169
)
Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
95

 
(264
)
 
(169
)
Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
97

 
(264
)
 
(167
)
Earnings (loss) from discontinued operations
(2
)
 
—

 
(2
)
Net earnings (loss)
95

 
(264
)
 
(169
)
Earnings (loss) per common share - basic
 

 
 

 
 

Continuing operations
0.61

 
(1.66
)
 
(1.05
)
Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - basic
0.60

 
(1.66
)
 
(1.06
)
Earnings (loss) per common share - diluted
 

 
 

 
 

Continuing operations
0.60

 
(1.65
)
 
(1.05
)
Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - diluted
0.59

 
(1.65
)
 
(1.06
)
Weighted average shares - basic
159,519,584

 
—

 
159,519,584

Weighted average shares - diluted
160,278,761

 
(759,177
)
 
159,519,584


EX 99.2 - 6


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended September 30, 2012
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,609

 
—

 
1,609

Cost of sales
(1,285
)
 
4

 
(1,281
)
Gross profit
324

 
4

 
328

Selling, general and administrative expenses
(121
)
 
8

 
(113
)
Amortization of intangible assets
(12
)
 
—

 
(12
)
Research and development expenses
(24
)
 
1

 
(23
)
Other (charges) gains, net
2

 
—

 
2

Foreign exchange gain (loss), net
(4
)
 
—

 
(4
)
Gain (loss) on disposition of businesses and assets, net
(2
)
 
—

 
(2
)
Operating profit (loss)
163

 
13

 
176

Equity in net earnings (loss) of affiliates
50

 
—

 
50

Interest expense
(44
)
 
—

 
(44
)
Refinancing expense
—

 
—

 
—

Interest income
—

 
—

 
—

Dividend income - cost investments
1

 
—

 
1

Other income (expense), net
3

 
—

 
3

Earnings (loss) from continuing operations before tax
173

 
13

 
186

Income tax (provision) benefit
(54
)
 
(3
)
 
(57
)
Earnings (loss) from continuing operations
119

 
10

 
129

Earnings (loss) from operation of discontinued operations
(3
)
 
—

 
(3
)
Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
1

 
—

 
1

Earnings (loss) from discontinued operations
(2
)
 
—

 
(2
)
Net earnings (loss)
117

 
10

 
127

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
117

 
10

 
127

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
117

 
10

 
127

Amounts attributable to Celanese Corporation
 

 
 

 
 
Earnings (loss) from continuing operations
119

 
10

 
129

Earnings (loss) from discontinued operations
(2
)
 
—

 
(2
)
Net earnings (loss)
117

 
10

 
127

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
0.75

 
0.06

 
0.81

Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - basic
0.74

 
0.06

 
0.80

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
0.74

 
0.06

 
0.80

Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - diluted
0.73

 
0.06

 
0.79

Weighted average shares - basic
159,158,280

 
—

 
159,158,280

Weighted average shares - diluted
160,129,376

 
—

 
160,129,376


EX 99.2 - 7


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended June 30, 2012
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,675

 
—

 
1,675

Cost of sales
(1,344
)
 
4

 
(1,340
)
Gross profit
331

 
4

 
335

Selling, general and administrative expenses
(124
)
 
9

 
(115
)
Amortization of intangible assets
(13
)
 
—

 
(13
)
Research and development expenses
(26
)
 
1

 
(25
)
Other (charges) gains, net
(3
)
 
—

 
(3
)
Foreign exchange gain (loss), net
(1
)
 
—

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

 
—

 
—

Operating profit (loss)
164

 
14

 
178

Equity in net earnings (loss) of affiliates
62

 
—

 
62

Interest expense
(45
)
 
—

 
(45
)
Refinancing expense
—

 
—

 
—

Interest income
—

 
—

 
—

Dividend income - cost investments
84

 
—

 
84

Other income (expense), net
(1
)
 
—

 
(1
)
Earnings (loss) from continuing operations before tax
264

 
14

 
278

Income tax (provision) benefit
(54
)
 
(3
)
 
(57
)
Earnings (loss) from continuing operations
210

 
11

 
221

Earnings (loss) from operation of discontinued operations
—

 
—

 
—

Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
—

 
—

 
—

Earnings (loss) from discontinued operations
—

 
—

 
—

Net earnings (loss)
210

 
11

 
221

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
210

 
11

 
221

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
210

 
11

 
221

Amounts attributable to Celanese Corporation
 

 
 

 
 
Earnings (loss) from continuing operations
210

 
11

 
221

Earnings (loss) from discontinued operations
—

 
—

 
—

Net earnings (loss)
210

 
11

 
221

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
1.33

 
0.07

 
1.40

Discontinued operations
—

 
—

 
—

Net earnings (loss) - basic
1.33

 
0.07

 
1.40

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
1.31

 
0.07

 
1.38

Discontinued operations
—

 
—

 
—

Net earnings (loss) - diluted
1.31

 
0.07

 
1.38

Weighted average shares - basic
158,163,378

 
—

 
158,163,378

Weighted average shares - diluted
159,778,255

 
—

 
159,778,255


EX 99.2 - 8


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended March 31, 2012
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,633

 
—

 
1,633

Cost of sales
(1,363
)
 
4

 
(1,359
)
Gross profit
270

 
4

 
274

Selling, general and administrative expenses
(134
)
 
8

 
(126
)
Amortization of intangible assets
(13
)
 
—

 
(13
)
Research and development expenses
(26
)
 
1

 
(25
)
Other (charges) gains, net
—

 
—

 
—

Foreign exchange gain (loss), net
1

 
—

 
1

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

 
—

 
—

Operating profit (loss)
98

 
13

 
111

Equity in net earnings (loss) of affiliates
51

 
—

 
51

Interest expense
(45
)
 
—

 
(45
)
Refinancing expense
—

 
—

 
—

Interest income
1

 
—

 
1

Dividend income - cost investments
—

 
—

 
—

Other income (expense), net
2

 
—

 
2

Earnings (loss) from continuing operations before tax
107

 
13

 
120

Income tax (provision) benefit
76

 
(3
)
 
73

Earnings (loss) from continuing operations
183

 
10

 
193

Earnings (loss) from operation of discontinued operations
—

 
—

 
—

Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
—

 
—

 
—

Earnings (loss) from discontinued operations
—

 
—

 
—

Net earnings (loss)
183

 
10

 
193

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
183

 
10

 
193

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
183

 
10

 
193

Amounts attributable to Celanese Corporation
 

 
 

 
 
Earnings (loss) from continuing operations
183

 
10

 
193

Earnings (loss) from discontinued operations
—

 
—

 
—

Net earnings (loss)
183

 
10

 
193

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
1.17

 
0.06

 
1.23

Discontinued operations
—

 
—

 
—

Net earnings (loss) - basic
1.17

 
0.06

 
1.23

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
1.15

 
0.06

 
1.21

Discontinued operations
—

 
—

 
—

Net earnings (loss) - diluted
1.15

 
0.06

 
1.21

Weighted average shares - basic
156,576,896

 
—

 
156,576,896

Weighted average shares - diluted
159,115,232

 
—

 
159,115,232


EX 99.2 - 9


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended December 31, 2011
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,614

 
—

 
1,614

Cost of sales
(1,342
)
 
(23
)
 
(1,365
)
Gross profit
272

 
(23
)
 
249

Selling, general and administrative expenses
(128
)
 
(275
)
 
(403
)
Amortization of intangible assets
(12
)
 
—

 
(12
)
Research and development expenses
(24
)
 
(4
)
 
(28
)
Other (charges) gains, net
(9
)
 
—

 
(9
)
Foreign exchange gain (loss), net
(1
)
 
—

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

 
(1
)
Operating profit (loss)
97

 
(302
)
 
(205
)
Equity in net earnings (loss) of affiliates
46

 
—

 
46

Interest expense
(55
)
 
—

 
(55
)
Refinancing expense
—

 
—

 
—

Interest income
1

 
—

 
1

Dividend income - cost investments
—

 
—

 
—

Other income (expense), net
5

 
—

 
5

Earnings (loss) from continuing operations before tax
94

 
(302
)
 
(208
)
Income tax (provision) benefit
2

 
112

 
114

Earnings (loss) from continuing operations
96

 
(190
)
 
(94
)
Earnings (loss) from operation of discontinued operations
(1
)
 
—

 
(1
)
Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
—

 
—

 
—

Earnings (loss) from discontinued operations
(1
)
 
—

 
(1
)
Net earnings (loss)
95

 
(190
)
 
(95
)
Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
95

 
(190
)
 
(95
)
Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
95

 
(190
)
 
(95
)
Amounts attributable to Celanese Corporation
 
 
 

 
 
Earnings (loss) from continuing operations
96

 
(190
)
 
(94
)
Earnings (loss) from discontinued operations
(1
)
 
—

 
(1
)
Net earnings (loss)
95

 
(190
)
 
(95
)
Earnings (loss) per common share - basic
 

 
 

 
 

Continuing operations
0.62

 
(1.22
)
 
(0.60
)
Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - basic
0.61

 
(1.22
)
 
(0.61
)
Earnings (loss) per common share - diluted
 

 
 

 
 

Continuing operations
0.61

 
(1.21
)
 
(0.60
)
Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - diluted
0.60

 
(1.21
)
 
(0.61
)
Weighted average shares - basic
156,401,899

 
—

 
156,401,899

Weighted average shares - diluted
158,923,443

 
(2,521,544
)
 
156,401,899


EX 99.2 - 10


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended September 30, 2011
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,807

 
—

 
1,807

Cost of sales
(1,406
)
 
2

 
(1,404
)
Gross profit
401

 
2

 
403

Selling, general and administrative expenses
(140
)
 
2

 
(138
)
Amortization of intangible assets
(17
)
 
—

 
(17
)
Research and development expenses
(24
)
 
1

 
(23
)
Other (charges) gains, net
(24
)
 
—

 
(24
)
Foreign exchange gain (loss), net
1

 
—

 
1

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

 
(1
)
Operating profit (loss)
196

 
5

 
201

Equity in net earnings (loss) of affiliates
57

 
—

 
57

Interest expense
(54
)
 
—

 
(54
)
Refinancing expense
—

 
—

 
—

Interest income
1

 
—

 
1

Dividend income - cost investments
1

 
—

 
1

Other income (expense), net
—

 
—

 
—

Earnings (loss) from continuing operations before tax
201

 
5

 
206

Income tax (provision) benefit
(34
)
 
(1
)
 
(35
)
Earnings (loss) from continuing operations
167

 
4

 
171

Earnings (loss) from operation of discontinued operations
—

 
—

 
—

Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
—

 
—

 
—

Earnings (loss) from discontinued operations
—

 
—

 
—

Net earnings (loss)
167

 
4

 
171

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
167

 
4

 
171

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
167

 
4

 
171

Amounts attributable to Celanese Corporation
 

 
 

 
 
Earnings (loss) from continuing operations
167

 
4

 
171

Earnings (loss) from discontinued operations
—

 
—

 
—

Net earnings (loss)
167

 
4

 
171

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
1.07

 
0.02

 
1.09

Discontinued operations
—

 
—

 
—

Net earnings (loss) - basic
1.07

 
0.02

 
1.09

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
1.05

 
0.03

 
1.08

Discontinued operations
—

 
—

 
—

Net earnings (loss) - diluted
1.05

 
0.03

 
1.08

Weighted average shares - basic
156,217,032

 
—

 
156,217,032

Weighted average shares - diluted
159,041,412

 
—

 
159,041,412


EX 99.2 - 11


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended June 30, 2011
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,753

 
—

 
1,753

Cost of sales
(1,343
)
 
1

 
(1,342
)
Gross profit
410

 
1

 
411

Selling, general and administrative expenses
(140
)
 
2

 
(138
)
Amortization of intangible assets
(17
)
 
—

 
(17
)
Research and development expenses
(25
)
 
1

 
(24
)
Other (charges) gains, net
(18
)
 
—

 
(18
)
Foreign exchange gain (loss), net
(1
)
 
—

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

 
—

 
—

Operating profit (loss)
209

 
4

 
213

Equity in net earnings (loss) of affiliates
46

 
—

 
46

Interest expense
(57
)
 
—

 
(57
)
Refinancing expense
(3
)
 
—

 
(3
)
Interest income
—

 
—

 
—

Dividend income - cost investments
79

 
—

 
79

Other income (expense), net
6

 
—

 
6

Earnings (loss) from continuing operations before tax
280

 
4

 
284

Income tax (provision) benefit
(75
)
 
(1
)
 
(76
)
Earnings (loss) from continuing operations
205

 
3

 
208

Earnings (loss) from operation of discontinued operations
(3
)
 
—

 
(3
)
Gain (loss) on disposition of discontinued operations
—

 
—

 
—

Income tax (provision) benefit from discontinued operations
1

 
—

 
1

Earnings (loss) from discontinued operations
(2
)
 
—

 
(2
)
Net earnings (loss)
203

 
3

 
206

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
203

 
3

 
206

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
203

 
3

 
206

Amounts attributable to Celanese Corporation
 

 
 

 
 
Earnings (loss) from continuing operations
205

 
3

 
208

Earnings (loss) from discontinued operations
(2
)
 
—

 
(2
)
Net earnings (loss)
203

 
3

 
206

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
1.31

 
0.02

 
1.33

Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - basic
1.30

 
0.02

 
1.32

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
1.29

 
0.01

 
1.30

Discontinued operations
(0.01
)
 
—

 
(0.01
)
Net earnings (loss) - diluted
1.28

 
0.01

 
1.29

Weighted average shares - basic
156,301,518

 
—

 
156,301,518

Weighted average shares - diluted
159,230,197

 
—

 
159,230,197


EX 99.2 - 12


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
 
Three Months Ended March 31, 2011
 
As Previously Reported
 
Effect of Change
 
As Adjusted
 
(In $ millions, except share and per share data)
Net sales
1,589

 
—

 
1,589

Cost of sales
(1,238
)
 
3

 
(1,235
)
Gross profit
351

 
3

 
354

Selling, general and administrative expenses
(128
)
 
2

 
(126
)
Amortization of intangible assets
(16
)
 
—

 
(16
)
Research and development expenses
(23
)
 
—

 
(23
)
Other (charges) gains, net
3

 
—

 
3

Foreign exchange gain (loss), net
1

 
—

 
1

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

 
—

 
—

Operating profit (loss)
188

 
5

 
193

Equity in net earnings (loss) of affiliates
43

 
—

 
43

Interest expense
(55
)
 
—

 
(55
)
Refinancing expense
—

 
—

 
—

Interest income
1

 
—

 
1

Dividend income - cost investments
—

 
—

 
—

Other income (expense), net
3

 
—

 
3

Earnings (loss) from continuing operations before tax
180

 
5

 
185

Income tax (provision) benefit
(42
)
 
(2
)
 
(44
)
Earnings (loss) from continuing operations
138

 
3

 
141

Earnings (loss) from operation of discontinued operations
6

 
—

 
6

Gain (loss) on disposition of discontinued operations
—

 
—

 
—

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

 
(2
)
Earnings (loss) from discontinued operations
4

 
—

 
4

Net earnings (loss)
142

 
3

 
145

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

Net earnings (loss) attributable to Celanese Corporation
142

 
3

 
145

Cumulative preferred stock dividends
—

 
—

 
—

Net earnings (loss) available to common stockholders
142

 
3

 
145

Amounts attributable to Celanese Corporation
 

 
 

 
 
Earnings (loss) from continuing operations
138

 
3

 
141

Earnings (loss) from discontinued operations
4

 
—

 
4

Net earnings (loss)
142

 
3

 
145

Earnings (loss) per common share - basic
 

 
 

 
 
Continuing operations
0.88

 
0.02

 
0.90

Discontinued operations
0.03

 
—

 
0.03

Net earnings (loss) - basic
0.91

 
0.02

 
0.93

Earnings (loss) per common share - diluted
 

 
 

 
 
Continuing operations
0.87

 
0.01

 
0.88

Discontinued operations
0.03

 
—

 
0.03

Net earnings (loss) - diluted
0.90

 
0.01

 
0.91

Weighted average shares - basic
155,981,137

 
—

 
155,981,137

Weighted average shares - diluted
158,681,565

 
—

 
158,681,565



EX 99.2 - 13

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