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EASTMAN CHEM CO   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Sales10,580.0010,476.008,473.009,273.0010,151.009,549.009,008.009,648.009,527.009,350.00
Total Revenues10,580.0010,476.008,473.009,273.0010,151.009,549.009,008.009,648.009,527.009,350.00
Cost of sales8,443.007,976.006,498.007,039.007,672.007,186.006,651.007,068.007,306.006,574.00
Gross Profit2,137.002,500.001,975.002,234.002,479.002,363.002,357.002,580.002,221.002,776.00
Goodwill impairments--------------------
Research and development expenses264.00254.00226.00234.00235.00227.00223.00242.00227.00193.00
Selling, general and administrative expenses726.00795.00654.00691.00721.00729.00707.00771.00755.00645.00
Other components of post-employment (benefit) cost, net(101.00)(412.00)119.0060.00(21.00)(135.00)(3.00)------
Asset impairments and restructuring charges, net52.0047.00227.00126.0045.008.0045.00183.0077.0076.00
Other operating income6.0017.00(8.00)(3.00)53.00(4.00)4.00------
Operating earnings--------1,552.001,530.001,389.001,384.001,162.001,862.00
Interest expense, net182.00198.00210.00218.00235.00241.00255.00263.00187.00180.00
Gain recognized on initial public offering of equity investment--------------------
Income from equity investment in Genencor--------------------
Other income (charges), net--------------8.0015.00(3.00)
Early debt extinguishment costs--(1.00)(1.00)--(7.00)--(85.00)0.000.00--
Other nonrecurring charges--------------------
Loss on divested business(43.00)(552.00)----------------
Earnings (loss) before income taxes977.001,082.00530.00902.001,310.001,289.001,049.001,129.00990.001,679.00
Provision (benefit) for income taxes181.00215.0041.00140.00226.00(99.00)190.00275.00235.00507.00
Current: State and other33.0024.005.00--30.0013.002.0022.006.0030.00
Deferred: State and other(50.00)(14.00)(1.00)36.00(18.00)(13.00)(19.00)(28.00)(1.00)16.00
Deferred: United States federal(76.00)18.00(96.00)19.00(11.00)(383.00)214.00119.00135.00300.00
Current: United States federal179.00114.0070.0055.00161.00220.00(80.00)87.0064.00143.00
Current: Outside the United States105.00115.0077.0062.0086.0062.0091.0059.0066.003.00
Deferred: Outside the United States(10.00)(42.00)(14.00)(32.00)(22.00)2.00(18.00)16.00(35.00)15.00
Income (loss) from Continuing Operations----------------755.001,172.00
Income (loss) from discontinued operations, net of tax----------------2.000.00
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)796.00867.00489.00762.001,084.001,388.00859.00854.00757.001,172.00
Less: Net income attributable to noncontrolling interest3.0010.0011.003.004.004.005.006.006.007.00
Net Income (Loss) Available to Common Shareholders793.00857.00478.00759.001,080.001,384.00854.00848.00751.001,165.00
Before cumulative effect of change in accounting principles--------------------
Earnings from continuing operations (Basic)----------------5.017.57
Earnings (loss) from discontinued operations (Basic)----------------0.020.00
Cumulative effect of change in accounting principles, net--------------------
Net Earnings Per Share (Basic)6.426.353.535.527.659.565.805.715.037.57
Before cumulative effect of change in accounting principles--------------------
Earnings from continuing operations (Diluted)----------------4.957.44
Earnings (loss) from discontinued operations (Diluted)----------------0.020.00
Cumulative effect of change in accounting principles, net--------------------
Net Earnings Per Share (Diluted)6.356.253.505.487.569.475.755.664.977.44
Weighted Average Shares Outstanding (Basic)123.50134.90135.50137.40141.20144.80147.30148.60149.50154.00
Weighted Average Shares Outstanding (Diluted)124.90137.10136.50138.50142.90146.10148.40149.80151.10156.50