Eastman Chemical Company (EMN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments459564204226191181293
Cash and cash equivalents459564204226191181293
Receivables1,2641,3441,1911,2891,2411,047884
Inventory, net of allowances, customer advances and progress billings1,5041,3791,6621,5831,5091,4041,479
Inventory1,5041,3791,6621,5831,5091,4041,479
Other current assets96838073577068
Other undisclosed current assets1,323171184194145164154
Total current assets:4,6463,5413,3213,3653,1432,8662,878
Noncurrent Assets
Property, plant and equipment4,9965,5495,5715,6005,6075,2765,130
Intangible assets, net (including goodwill)5,0036,2576,4426,6526,9006,9307,168
Goodwill3,6414,4654,4314,4674,5274,4614,518
Intangible assets, net (excluding goodwill)1,3621,7922,0112,1852,3732,4692,650
Other noncurrent assets874736674378349385435
Total noncurrent assets:10,87312,54212,68712,63012,85612,59112,733
TOTAL ASSETS:15,51916,08316,00815,99515,99915,45715,611
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,1331,6891,6181,6081,5891,5121,625
Accounts payable1,5131,0511,1701,3171,1901,0281,196
Employee-related liabilities311228176197199196211
Taxes payable138178899411110633
Interest and dividends payable1019490    
Other undisclosed accounts payable and accrued liabilities7013893 89182185
Debt747349171243393283431
Disposal group, including discontinued operation91      
Total current liabilities:2,9712,0381,7891,8511,9821,7952,056
Noncurrent Liabilities
Long-term debt and lease obligation4,4125,2695,7525,9256,1476,3116,608
Long-term debt, excluding current maturities4,4125,2695,6115,9256,1476,3116,608
Operating lease, liability  141
Liabilities, other than long-term debt2,3482,6682,0672,3412,3902,7432,926
Accounts payable and accrued liabilities  139    
Deferred tax liabilities, net8848931,206928
Deferred income tax liabilities810848 
Liability, pension and other postretirement and postemployment benefits8111,1431,0169259631,0181,297
Accrued environmental loss contingencies  267    
Other liabilities727677645532534519701
Other undisclosed noncurrent liabilities  368    
Total noncurrent liabilities:6,7607,9378,1878,2668,5379,0549,534
Total liabilities:9,7319,9759,97610,11710,51910,84911,590
Stockholders' equity
Stockholders' equity attributable to parent5,7046,0235,9585,8035,4034,5323,941
Common stock2222222
Treasury stock, value(4,860)(3,960)(3,900)(3,575)(3,175)(2,825)(2,680)
Additional paid in capital2,1872,1742,1052,0481,9831,9151,863
Accumulated other comprehensive loss(182)(273)(214)(245)(209)(281)(390)
Retained earnings8,5578,0807,9657,5736,8025,7215,146
Stockholders' equity attributable to noncontrolling interest84857475777680
Total stockholders' equity:5,7886,1086,0325,8785,4804,6084,021
TOTAL LIABILITIES AND EQUITY:15,51916,08316,00815,99515,99915,45715,611

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,4768,4739,27310,1519,5499,0089,648
Revenue, net  9,648
Cost of revenue
(Cost of Goods and Services Sold)
(7,976)(6,498)(7,039)(7,672)(7,095)(6,658)(7,068)
Gross profit:2,5001,9752,2342,4792,4542,3502,580
Operating expenses(1,648)(1,681)(1,662)(1,605)(922)(967)(1,196)
Operating income:8522945728741,5321,3831,384
Nonoperating income (expense)17(8)(3)53(2)68
Investment income, nonoperating16151021171515
Foreign currency transaction loss, before tax(10)(16)(9)(12)(5)(27)(6)
Other nonoperating income (expense)11(7)(4)(4)(5)1(1)
Interest and debt expense(1)(1) (7) (85) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 245333390(241)(255)(263)
Income from continuing operations before equity method investments, income taxes:8685309021,3101,2891,0491,129
Other undisclosed income from continuing operations before income taxes214      
Income from continuing operations before income taxes:1,0825309021,3101,2891,0491,129
Income tax expense (benefit)(215)(41)(140)(226)99(190)(275)
Net income:8674897621,0841,388859854
Net loss attributable to noncontrolling interest(10)(11)(3)(4)(4)(5)(6)
Net income available to common stockholders, diluted:8574787591,0801,384854848

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:8674897621,0841,388859854
Other comprehensive income (loss)91(59)11(36)72109(113)
Comprehensive income:9584307731,0481,460968741
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(11)(3)(4)(4)(5)(6)
Comprehensive income, net of tax, attributable to parent:9484197701,0441,456963735

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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