Eastman Chemical Company (EMN) financial statements (2020 and earlier)

Company profile

Business Address PO BOX 511
KINGSPORT, TN 37660
State of Incorp. DE
Fiscal Year End December 31
SIC 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments204226191181293214237
Cash and cash equivalents204226191181293214237
Receivables1,1911,2891,2411,0478841,033880
Inventory, net of allowances, customer advances and progress billings1,6621,5831,5091,4041,4791,5091,264
Inventory1,6621,5831,5091,4041,4791,5091,264
Income taxes receivable46
Other current assets8073577068250251
Other undisclosed current assets184194145164154167162
Total current assets:3,3213,3653,1432,8662,8783,1732,840
Noncurrent Assets
Property, plant and equipment5,5715,6005,6075,2765,1305,0874,290
Intangible assets, net (including goodwill)6,4426,6526,9006,9307,1687,3914,398
Goodwill4,4314,4674,5274,4614,5184,4862,637
Intangible assets, net (excluding goodwill)2,0112,1852,3732,4692,6502,9051,761
Other noncurrent assets674378349385435421317
Total noncurrent assets:12,68712,63012,85612,59112,73312,8999,005
TOTAL ASSETS:16,00815,99515,99915,45715,61116,07211,845
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6181,6081,5891,5121,6251,7211,470
Accounts payable1,1701,3171,1901,0281,1961,303 
Employee-related liabilities176197199196211191205
Taxes payable8994111106332380
Interest and dividends payable90      
Other undisclosed accounts payable and accrued liabilities93 891821852041,185
Debt171243393283431301 
Derivative instruments and hedges, liabilities     227 
Accrued environmental loss contingencies     3540
Deferred tax liabilities    62
Other undisclosed current liabilities     (268)(42)
Total current liabilities:1,7891,8511,9821,7952,0562,0221,470
Noncurrent Liabilities
Long-term debt and lease obligation5,7525,9256,1476,3116,6087,2484,254
Long-term debt, excluding current maturities5,6115,9256,1476,3116,6087,2484,254
Operating lease, liability141
Liabilities, other than long-term debt2,0672,3412,3902,7432,9263,5462,627
Accounts payable and accrued liabilities139    24 
Accrued income taxes53
Deferred tax liabilities, net8848931,206928946496
Postemployment benefits liability1,297
Liability, pension and other postretirement and postemployment benefits1,0169259631,0181,2971,498
Accrued environmental loss contingencies267    310328
Other liabilities645532534519701768453
Other undisclosed noncurrent liabilities368    (334)(381)
Total noncurrent liabilities:8,1878,2668,5379,0549,53410,4606,500
Total liabilities:9,97610,11710,51910,84911,59012,4827,970
Stockholders' equity
Stockholders' equity attributable to parent5,9585,8035,4034,5323,9413,5103,796
Common stock2222222
Treasury stock, value(3,900)(3,575)(3,175)(2,825)(2,680)(2,577)(2,167)
Additional paid in capital2,1052,0481,9831,9151,8631,8171,778
Accumulated other comprehensive income (loss)(214)(245)(209)(281)(390)(277)171
Retained earnings7,9657,5736,8025,7215,1464,5454,012
Stockholders' equity attributable to noncontrolling interest74757776808079
Total stockholders' equity:6,0325,8785,4804,6084,0213,5903,875
TOTAL LIABILITIES AND EQUITY:16,00815,99515,99915,45715,61116,07211,845

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9,27310,1519,5499,0089,6489,5279,350
Revenue, net  9,6489,5279,350
Cost of revenue
(Cost of Goods and Services Sold)
(7,039)(7,672)(7,095)(6,658)(7,068)(7,306)(6,574)
Gross profit:2,2342,4792,4542,3502,5802,2212,776
Operating expenses(1,662)(1,605)(922)(967)(1,196)(1,504)(1,347)
Other undisclosed operating income     445433
Operating income:5728741,5321,3831,3841,1621,862
Nonoperating income (expense)(3)53(2)6815(3)
Investment income, nonoperating1021171515104
Foreign currency transaction gain (loss), before tax(9)(12)(5)(27)(6)7(7)
Other nonoperating income (expense)(4)(4)(5)1(1)5(1)
Interest and debt expense (7) (85)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes333390(241)(255)(263)(187)(180)
Income from continuing operations before income taxes:9021,3101,2891,0491,1299901,679
Income tax expense (benefit)(140)(226)99(190)(275)(235)(507)
Income from continuing operations:7621,0841,3888598547551,172
Loss from discontinued operations     (2) 
Income before gain (loss) on sale of properties:7621,0841,3888598547531,172
Other undisclosed net income     4 
Net income:7621,0841,3888598547571,172
Net loss attributable to noncontrolling interest(3)(4)(4)(5)(6)(6)(7)
Net income available to common stockholders, diluted:7591,0801,3848548487511,165

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:7621,0841,3888598547571,172
Other comprehensive income (loss)11(36)72109(113)(448)48
Comprehensive income:7731,0481,4609687413091,220
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(4)(4)(5)(6)(6)7
Other undisclosed comprehensive loss, net of tax, attributable to parent      (14)
Comprehensive income, net of tax, attributable to parent:7701,0441,4569637353031,213

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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