Eastman Chemical Company (EMN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments564204226191181293214
Cash and cash equivalents564204226191181293214
Receivables1,3441,1911,2891,2411,0478841,033
Inventory, net of allowances, customer advances and progress billings1,3791,6621,5831,5091,4041,4791,509
Inventory1,3791,6621,5831,5091,4041,4791,509
Other current assets838073577068250
Other undisclosed current assets171184194145164154167
Total current assets:3,5413,3213,3653,1432,8662,8783,173
Noncurrent Assets
Property, plant and equipment5,5495,5715,6005,6075,2765,1305,087
Intangible assets, net (including goodwill)6,2576,4426,6526,9006,9307,1687,391
Goodwill4,4654,4314,4674,5274,4614,5184,486
Intangible assets, net (excluding goodwill)1,7922,0112,1852,3732,4692,6502,905
Other noncurrent assets736674378349385435421
Total noncurrent assets:12,54212,68712,63012,85612,59112,73312,899
TOTAL ASSETS:16,08316,00815,99515,99915,45715,61116,072
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6891,6181,6081,5891,5121,6251,721
Accounts payable1,0511,1701,3171,1901,0281,1961,303
Employee-related liabilities228176197199196211191
Taxes payable17889941111063323
Interest and dividends payable9490     
Other undisclosed accounts payable and accrued liabilities13893 89182185204
Debt349171243393283431301
Derivative instruments and hedges, liabilities      227
Accrued environmental loss contingencies      35
Deferred tax liabilities    6
Other undisclosed current liabilities      (268)
Total current liabilities:2,0381,7891,8511,9821,7952,0562,022
Noncurrent Liabilities
Long-term debt and lease obligation5,2695,7525,9256,1476,3116,6087,248
Long-term debt, excluding current maturities5,2695,6115,9256,1476,3116,6087,248
Operating lease, liability 141
Liabilities, other than long-term debt2,6682,0672,3412,3902,7432,9263,546
Accounts payable and accrued liabilities 139    24
Deferred tax liabilities, net8848931,206928946
Deferred income tax liabilities848 
Liability, pension and other postretirement and postemployment benefits1,1431,0169259631,0181,2971,498
Accrued environmental loss contingencies 267    310
Other liabilities677645532534519701768
Other undisclosed noncurrent liabilities 368    (334)
Total noncurrent liabilities:7,9378,1878,2668,5379,0549,53410,460
Total liabilities:9,9759,97610,11710,51910,84911,59012,482
Stockholders' equity
Stockholders' equity attributable to parent6,0235,9585,8035,4034,5323,9413,510
Common stock2222222
Treasury stock, value(3,960)(3,900)(3,575)(3,175)(2,825)(2,680)(2,577)
Additional paid in capital2,1742,1052,0481,9831,9151,8631,817
Accumulated other comprehensive loss(273)(214)(245)(209)(281)(390)(277)
Retained earnings8,0807,9657,5736,8025,7215,1464,545
Stockholders' equity attributable to noncontrolling interest85747577768080
Total stockholders' equity:6,1086,0325,8785,4804,6084,0213,590
TOTAL LIABILITIES AND EQUITY:16,08316,00815,99515,99915,45715,61116,072

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,4739,27310,1519,5499,0089,6489,527
Revenue, net  9,6489,527
Cost of revenue
(Cost of Goods and Services Sold)
(6,498)(7,039)(7,672)(7,095)(6,658)(7,068)(7,306)
Gross profit:1,9752,2342,4792,4542,3502,5802,221
Operating expenses(1,681)(1,662)(1,605)(922)(967)(1,196)(1,504)
Other undisclosed operating income      445
Operating income:2945728741,5321,3831,3841,162
Nonoperating income (expense)(8)(3)53(2)6815
Investment income, nonoperating15102117151510
Foreign currency transaction gain (loss), before tax(16)(9)(12)(5)(27)(6)7
Other nonoperating income (expense)(7)(4)(4)(5)1(1)5
Interest and debt expense(1) (7) (85)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes245333390(241)(255)(263)(187)
Income from continuing operations before income taxes:5309021,3101,2891,0491,129990
Income tax expense (benefit)(41)(140)(226)99(190)(275)(235)
Income from continuing operations:4897621,0841,388859854755
Loss from discontinued operations      (2)
Income before gain (loss) on sale of properties:4897621,0841,388859854753
Other undisclosed net income      4
Net income:4897621,0841,388859854757
Net loss attributable to noncontrolling interest(11)(3)(4)(4)(5)(6)(6)
Net income available to common stockholders, diluted:4787591,0801,384854848751

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:4897621,0841,388859854757
Other comprehensive income (loss)(59)11(36)72109(113)(448)
Comprehensive income:4307731,0481,460968741309
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(3)(4)(4)(5)(6)(6)
Comprehensive income, net of tax, attributable to parent:4197701,0441,456963735303

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: