Eastman chemical co (EMN)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Sales

9,273

10,151

9,549

9,008

9,648

9,527

9,350

8,102

7,178

5,842

4,396

5,936

6,830

Cost of sales

7,039

7,672

7,186

6,651

7,068

7,306

6,574

6,340

5,609

4,383

3,420

4,852

5,638

Gross profit

2,234

2,479

2,363

2,357

2,580

2,221

2,776

1,762

1,569

1,459

976

1,084

1,192

Selling, general and administrative expenses

691

721

729

707

771

755

645

644

481

434

379

384

420

Research and development expenses

234

235

227

223

242

227

193

198

159

152

125

143

156

Asset impairments and restructuring charges, net

126

45

8

45

183

77

76

120

-8

29

196

22

112

Other components of post-employment (benefit) cost, net

60

-21

-135

-3

-

-

-

-

-

-

-

-

-

Other (income) charges, net

-3

53

-4

4

8

15

-3

-8

20

-10

-13

-20

28

Earnings before interest and taxes

1,120

1,552

1,530

1,389

1,384

1,162

1,862

800

937

844

276

551

504

Other operating income

-

-

-

-

-

-

-

-

-

-

-

16

0

Net interest expense

-218

-235

-241

-255

-263

-187

-180

-143

-76

-99

-78

-70

-62

Gain (Loss) on Extinguishment of Debt

0

-7

0

-85

0

0

-

-

-

-115

0

0

-

Earnings before income taxes

902

1,310

1,289

1,049

1,129

990

1,679

649

881

620

185

461

470

Provision for income taxes

140

226

-99

190

275

235

507

206

274

202

74

116

149

Earnings from continuing operations

-

-

-

-

-

755

1,172

443

607

418

111

345

-

Earnings from discontinued operations, net of tax

-

-

-

-

-

2

0

0

9

9

-22

17

-10

Gain from disposal of discontinued operations, net of tax

-

-

-

-

-

-

-

1

31

0

0

18

-11

Net earnings

762

1,084

1,388

859

854

757

1,172

444

647

427

-

-

-

Less: Net earnings attributable to noncontrolling interest

3

4

4

5

6

6

7

7

1

2

-

-

-

Net earnings attributable to Eastman

759

1,080

1,384

854

848

751

1,165

437

646

425

89

346

300

Earnings Per Share, Basic [Abstract]
Earnings from continuing operations

-

-

-

-

-

5.01

7.57

2.99

4.34

2.88

0.77

4.58

3.89

Earnings from discontinued operations

-

-

-

-

-

0.02

0.00

0.01

0.29

0.07

-0.16

0.01

-0.26

Basic earnings per share attributable to Eastman

5.52

7.65

9.56

5.80

5.71

5.03

7.57

3.00

4.63

2.95

0.61

4.59

3.63

Diluted earnings per share attributable to Eastman
Earnings from continuing operations

-

-

-

-

-

4.95

7.44

2.92

4.24

2.81

0.76

4.54

3.84

Earnings from discontinued operations

-

-

-

-

-

0.02

0.00

0.01

0.28

0.07

-0.15

0.01

-0.26

Diluted earnings per share attributable to Eastman

5.48

7.56

9.47

5.75

5.66

4.97

7.44

2.93

4.52

2.88

0.61

4.55

3.84

Comprehensive Income
Net earnings including noncontrolling interest

762

1,084

1,388

859

854

757

1,172

444

647

427

-

-

-

Other comprehensive income (loss), net of tax:
Change in cumulative translation adjustment

45

-13

85

-97

-216

-201

28

41

-15

2

17

-97

36

Defined benefit pension and other postretirement benefit plans [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax

-

-

-

-64

-87

0

-29

-2

-1

-26

-

-

-

Defined benefit pension and other postretirement benefit plans:
Amortization of unrecognized prior service credits

-29

-30

-27

-30

-19

-17

-16

-15

-22

-

-27

-

-

Derivatives and hedging:
Change in unrecognized losses and prior service credits for benefit plans

-

-

-

-

-

-

-

-

-

-

-

-232

106

Unrealized gain (loss) during period

-20

22

7

93

-48

-230

6

-36

-20

18

18

23

3

Reclassification adjustment for (gains) losses included in net income, net

-15

15

-7

-79

-83

0

-1

7

0

-28

-11

-

-

Total other comprehensive income (loss), net of tax

11

-36

72

109

-113

-448

48

-15

-56

-34

-3

-307

146

Change in unrealized gains (losses) on investments

-

-

-

-

-

-

-

-

-

-

-

-1

1

Comprehensive income including noncontrolling interest

773

1,048

1,460

968

741

309

1,220

429

591

393

-

-

-

Less: Net earnings attributable to noncontrolling interest

3

4

4

5

6

6

7

7

1

2

-

-

-

Comprehensive income attributable to Eastman

770

1,044

1,456

963

735

303

1,213

422

590

391

86

39

446

Retained Earnings
Cumulative effect adjustment resulting from adoption of new accounting standards

-20

16

0

0

-

-

-

-

-

-

-

-

-

Earnings from continuing operations, net of tax

-

-

-

-

-

749

1,165

436

606

416

-

-

321

Earnings from discontinued operations, net of tax

-

-

-

-

-

2

0

1

40

9

-

-

-

Net earnings attributable to Eastman

759

1,080

1,384

854

848

751

1,165

437

646

425

89

346

300

Cash dividends declared

347

325

303

279

247

218

191

159

139

129

128

-132

-145

Effect of adoption of accounting for uncertain income tax positions

-

-

-

-

-

-

-

-

-

-

-

-

8