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EASTMAN CHEM CO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2023202220212020201920182017201620152014
Period End Date12/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/2014
Sales9,210.0010,580.0010,476.008,473.009,273.0010,151.009,549.009,008.009,648.009,527.00
Total Revenues9,210.0010,580.0010,476.008,473.009,273.0010,151.009,549.009,008.009,648.009,527.00
Cost of sales7,149.008,443.007,976.006,498.007,039.007,672.007,095.006,658.007,068.007,306.00
Gross Profit2,061.002,137.002,500.001,975.002,234.002,479.002,454.002,350.002,580.002,221.00
Goodwill impairments--------------------
Research and development expenses239.00264.00254.00226.00234.00235.00215.00219.00251.00227.00
Selling, general and administrative expenses727.00726.00795.00654.00691.00721.00699.00703.00762.00755.00
Other components of post-employment (benefit) cost, net41.00(101.00)(412.00)119.0060.00(21.00)--------
Asset impairments and restructuring charges, net37.0052.0047.00227.00126.0045.008.0045.00183.0077.00
Other operating income--6.0017.00(8.00)(3.00)53.00--------
Loss on business held for sale----(552.00)--------------
Operating earnings------741.001,120.001,552.001,532.001,383.001,384.001,162.00
Interest expense, net215.00182.00198.00210.00218.00235.00241.00255.00263.00187.00
Income from equity investment in Genencor--------------------
Other income (charges), net(38.00)----------(2.00)6.008.0015.00
Early debt extinguishment costs----(1.00)(1.00)--(7.00)0.00(85.00)----
Other nonrecurring charges--------------------
Loss on divested business323.00(43.00)----------------
Earnings (loss) before income taxes1,087.00977.001,082.00530.00902.001,310.001,289.001,049.001,129.00990.00
Provision (benefit) for income taxes191.00181.00215.0041.00140.00226.00(99.00)190.00275.00235.00
Income (loss) from Continuing Operations--------------859.00854.00755.00
Income (loss) from discontinued operations, net of tax----------------0.002.00
Gain (loss) from disposal of discontinued operations, net of tax--------------------
Earnings (loss) before cumulative effect of change in accounting principles--------------------
Cumulative effect of change in accounting principle, net--------------------
Net earnings (loss)896.00796.00867.00489.00762.001,084.001,388.00859.00854.00757.00
Less: Net income attributable to noncontrolling interest2.003.0010.0011.003.004.004.005.006.006.00
Net Income (Loss) Available to Common Shareholders894.00793.00857.00478.00759.001,080.001,384.00854.00848.00751.00
Before cumulative effect of change in accounting principles--------------------
Earnings from continuing operations (Basic)--------------5.805.715.01
Earnings (loss) from discontinued operations (Basic)--------------0.000.000.02
Cumulative effect of change in accounting principles, net--------------------
Net Earnings Per Share (Basic)7.546.426.353.535.527.659.565.805.715.03
Before cumulative effect of change in accounting principles--------------------
Earnings from continuing operations (Diluted)--------------5.755.664.95
Earnings (loss) from discontinued operations (Diluted)--------------0.000.000.02
Cumulative effect of change in accounting principles, net--------------------
Net Earnings Per Share (Diluted)7.496.356.253.505.487.569.475.755.664.97
Weighted Average Shares Outstanding (Basic)118.60123.50134.90135.50137.40141.20144.80147.30148.60149.50
Weighted Average Shares Outstanding (Diluted)119.40124.90137.10136.50138.50142.90146.10148.40149.80151.10