EASTMAN CHEMICAL CO EMN Income Statement

Eastman chemical co (EMN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Sales
2,241,000	2,205,000	2,325,000	2,363,000	2,380,000	2,376,000	2,547,000	2,621,000	2,607,000	2,362,000	2,465,000	2,419,000	2,303,000	2,188,000	2,287,000	2,297,000	2,236,000	2,225,000	2,447,000	2,533,000	2,443,000	2,349,000	2,413,000	2,460,000	2,305,000	2,265,000	2,338,000	2,440,000	2,307,000	2,169,000	2,259,000	1,853,000	1,821,000	1,723,000	1,812,000	1,885,000	1,758,000	1,463,000	1,507,000	1,502,000	1,370,000	677,000	1,337,000	1,253,000	1,129,000	1,819,000
Cost of sales
1,664,000	1,708,000	1,751,000	1,774,000	1,806,000	1,910,000	1,819,000	1,917,000	2,026,000	1,905,000	1,794,000	1,789,000	1,698,000	1,691,000	1,666,000	1,692,000	1,602,000	1,716,000	1,752,000	1,813,000	1,787,000	2,016,000	1,777,000	1,803,000	1,710,000	1,471,000	1,649,000	1,763,000	1,691,000	1,844,000	1,734,000	1,372,000	1,390,000	1,519,000	1,379,000	1,411,000	1,300,000	1,127,000	1,085,000	1,118,000	1,053,000	468,000	1,009,000	993,000	950,000	1,497,000
Gross profit
577,000	497,000	574,000	589,000	574,000	466,000	728,000	704,000	581,000	457,000	671,000	630,000	605,000	497,000	621,000	605,000	634,000	509,000	695,000	720,000	656,000	333,000	636,000	657,000	595,000	794,000	689,000	677,000	616,000	325,000	525,000	481,000	431,000	204,000	433,000	474,000	458,000	336,000	422,000	384,000	317,000	209,000	328,000	260,000	179,000	322,000
Selling, general and administrative expenses
160,000	176,000	163,000	165,000	187,000	167,000	175,000	189,000	190,000	189,000	180,000	181,000	179,000	169,000	181,000	174,000	183,000	214,000	183,000	194,000	180,000	244,000	171,000	172,000	168,000	135,000	159,000	180,000	171,000	224,000	173,000	121,000	126,000	141,000	114,000	118,000	108,000	123,000	114,000	102,000	95,000	83,000	104,000	98,000	94,000	107,000
Research and development expenses
61,000	60,000	59,000	57,000	58,000	59,000	60,000	60,000	56,000	53,000	59,000	58,000	57,000	60,000	54,000	55,000	54,000	70,000	59,000	57,000	56,000	62,000	56,000	56,000	53,000	45,000	48,000	51,000	49,000	62,000	52,000	43,000	41,000	44,000	41,000	38,000	36,000	44,000	42,000	33,000	33,000	24,000	33,000	34,000	34,000	39,000
Asset impairments and restructuring charges, net
14,000	74,000	2,000	18,000	32,000	39,000	0	4,000	2,000	8,000	0	0	0	17,000	30,000	0	-2,000	53,000	21,000	0	109,000	0	71,000	-7,000	13,000	52,000	3,000	18,000	3,000	83,000	37,000	0	0	-	7,000	-15,000	-	-	0	3,000	-	173,000	0	-3,000	26,000	2,000
Other components of post-employment (benefit) cost, net
-30,000	122,000	-20,000	-21,000	-21,000	69,000	-30,000	-30,000	-30,000	-49,000	-28,000	-30,000	-28,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (income) charges, net
-4,000	-3,000	-3,000	1,000	2,000	3,000	-6,000	10,000	46,000	-11,000	4,000	-1,000	4,000	-1,000	-3,000	20,000	-12,000	10,000	-13,000	0	11,000	-1,000	5,000	8,000	3,000	-1,000	-1,000	0	-1,000	6,000	6,000	-20,000	0	6,000	3,000	5,000	6,000	1,000	3,000	-7,000	-7,000	-2,000	-2,000	-5,000	-4,000	-7,000
Earnings before interest and taxes
368,000	62,000	367,000	371,000	320,000	135,000	517,000	491,000	409,000	245,000	464,000	420,000	401,000	258,000	356,000	376,000	399,000	172,000	432,000	469,000	311,000	27,000	338,000	436,000	361,000	562,000	479,000	428,000	393,000	-44,000	263,000	317,000	264,000	19,000	271,000	333,000	314,000	143,000	266,000	246,000	189,000	-71,000	191,000	131,000	25,000	174,000
Net interest expense
-52,000	-53,000	-54,000	-55,000	-56,000	-57,000	-58,000	-61,000	-59,000	-59,000	-61,000	-61,000	-60,000	-64,000	-64,000	-63,000	-64,000	-65,000	-66,000	-66,000	-66,000	-55,000	-45,000	-45,000	-42,000	-43,000	-44,000	-46,000	-47,000	-48,000	-48,000	-28,000	-19,000	-19,000	-20,000	-18,000	-19,000	-24,000	-25,000	-25,000	-25,000	-20,000	-19,000	-20,000	-19,000	-19,000
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-9,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before income taxes
316,000	9,000	313,000	316,000	264,000	71,000	459,000	430,000	350,000	186,000	403,000	359,000	341,000	113,000	289,000	324,000	323,000	117,000	353,000	403,000	256,000	-29,000	298,000	399,000	322,000	518,000	434,000	382,000	345,000	-86,000	221,000	269,000	245,000	6,000	254,000	320,000	301,000	5,000	244,000	214,000	157,000	-93,000	170,000	106,000	2,000	148,000
Provision for income taxes
56,000	-18,000	46,000	57,000	55,000	36,000	46,000	84,000	60,000	-305,000	79,000	65,000	62,000	-5,000	56,000	67,000	72,000	-8,000	95,000	104,000	84,000	-46,000	86,000	107,000	88,000	169,000	125,000	116,000	97,000	-34,000	64,000	91,000	85,000	-7,000	80,000	101,000	100,000	-5,000	82,000	73,000	52,000	-36,000	69,000	41,000	0	48,000
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	212,000	292,000	-	-	309,000	266,000	-	-52,000	157,000	178,000	160,000	13,000	174,000	219,000	201,000	10,000	162,000	141,000	105,000	-	-	-	-	-
Earnings from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,000	-	-	0	0	-	-	-	-	-	0	0	0	9,000	-10,000	8,000	7,000	4,000	-	-	-	-	0
Gain from disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,000	-1,000	0	0	1,000	30,000	0	0	0	0	-	-	-	-	-
Net earnings
260,000	27,000	267,000	259,000	209,000	35,000	413,000	346,000	290,000	491,000	324,000	294,000	279,000	118,000	233,000	257,000	251,000	125,000	258,000	299,000	172,000	17,000	212,000	294,000	234,000	349,000	309,000	266,000	248,000	-52,000	157,000	180,000	159,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net earnings attributable to noncontrolling interest
2,000	1,000	1,000	1,000	0	1,000	1,000	2,000	0	0	1,000	2,000	1,000	2,000	1,000	2,000	0	1,000	2,000	2,000	1,000	1,000	2,000	2,000	1,000	3,000	1,000	2,000	1,000	2,000	3,000	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to Eastman
258,000	26,000	266,000	258,000	209,000	34,000	412,000	344,000	290,000	491,000	323,000	292,000	278,000	116,000	232,000	255,000	251,000	124,000	256,000	297,000	171,000	16,000	210,000	292,000	233,000	346,000	308,000	264,000	247,000	-54,000	154,000	179,000	158,000	12,000	174,000	220,000	240,000	6,000	170,000	148,000	101,000	-79,000	101,000	65,000	2,000	100,000
Earnings Per Share, Basic [Abstract]
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.41	1.94	-	-	2.00	1.71	-	-	1.01	1.28	-	0.12	1.25	1.55	1.42	-1.66	1.13	1.96	1.45	-	-	-	-	1.35
Earnings from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.02	-	-	0.00	0.00	-	-	0.00	0.02	-	0.01	0.00	0.00	0.28	-0.02	0.06	0.09	-0.06	-	-	-	-	0.00
Basic earnings per share attributable to Eastman
1.90	0.20	1.95	1.87	1.50	0.27	2.93	2.42	2.03	3.41	2.24	2.01	1.90	0.80	1.57	1.73	1.70	0.83	1.73	2.00	1.15	0.12	1.41	1.96	1.54	2.26	2.00	1.71	1.60	-0.46	1.01	1.30	1.15	0.13	1.25	1.55	1.70	-1.68	1.19	2.05	1.39	-1.71	1.40	0.89	0.03	1.35
Diluted earnings per share attributable to Eastman
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.39	1.92	-	-	1.97	1.69	-	-0.46	0.99	1.26	1.13	0.12	1.22	1.51	1.39	-1.65	1.11	1.92	1.43	-	-	-	-	1.33
Earnings from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.01	-	-	0.00	0.00	-	0.01	0.00	0.01	-0.01	0.01	0.00	0.00	0.27	-0.02	0.05	0.10	-0.06	-	-	-	-	0.00
Diluted earnings per share attributable to Eastman
1.89	0.21	1.93	1.85	1.49	0.28	2.89	2.39	2.00	3.36	2.22	2.00	1.89	0.79	1.56	1.71	1.69	0.83	1.71	1.98	1.14	0.13	1.39	1.93	1.52	2.21	1.97	1.69	1.57	-0.45	0.99	1.27	1.12	0.13	1.22	1.51	1.66	-1.67	1.16	2.02	1.37	-1.69	1.38	0.89	0.03	1.33
Comprehensive Income
Net earnings including noncontrolling interest
260,000	27,000	267,000	259,000	209,000	35,000	413,000	346,000	290,000	491,000	324,000	294,000	279,000	118,000	233,000	257,000	251,000	125,000	258,000	299,000	172,000	17,000	212,000	294,000	234,000	349,000	309,000	266,000	248,000	-52,000	157,000	180,000	159,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss), net of tax:
Change in cumulative translation adjustment
19,000	5,000	23,000	-13,000	30,000	15,000	-21,000	-34,000	27,000	25,000	17,000	36,000	7,000	-91,000	-42,000	-70,000	106,000	-33,000	-47,000	76,000	-212,000	-87,000	-127,000	9,000	4,000	18,000	45,000	15,000	-50,000	20,000	30,000	-24,000	15,000	-15,000	-36,000	11,000	25,000	-5,000	28,000	-9,000	-12,000	0	2,000	25,000	-10,000	-27,000
Defined benefit pension and other postretirement benefit plans [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-29,000	-	4,000	-14,000	4,000	3,000	5,000	17,000	-5,000	-5,000	-8,000	-	-	-	-	-	-	-	-	-
Defined benefit pension and other postretirement benefit plans:
Amortization of unrecognized prior service credits
-7,000	-7,000	-7,000	-8,000	-7,000	-8,000	-7,000	-8,000	-7,000	-7,000	-7,000	-6,000	-7,000	-9,000	-7,000	-7,000	-7,000	-4,000	-4,000	-7,000	-4,000	-5,000	-4,000	-4,000	-4,000	-	-4,000	-3,000	-	-	-	-	-	-	-	-	-	-	2,000	6,000	-	-	-	-	-	-
Derivatives and hedging:
Change in unrecognized losses and prior service credits for benefit plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-	0	-2,000	0	-1,000
Unrealized gain (loss) during period
7,000	-18,000	10,000	-22,000	10,000	-56,000	37,000	64,000	-23,000	15,000	31,000	-18,000	-21,000	80,000	-7,000	38,000	-18,000	-21,000	-66,000	-16,000	55,000	-272,000	36,000	6,000	0	15,000	-13,000	-10,000	14,000	-3,000	-3,000	-40,000	10,000	7,000	5,000	-19,000	-13,000	43,000	-33,000	2,000	6,000	24,000	-7,000	-8,000	9,000	-6,000
Reclassification adjustment for (gains) losses included in net income, net
2,000	-9,000	-6,000	-2,000	2,000	2,000	10,000	3,000	0	4,000	-7,000	-8,000	4,000	-23,000	-19,000	-33,000	-4,000	-27,000	-34,000	-25,000	3,000	-9,000	0	6,000	3,000	4,000	0	-3,000	-2,000	4,000	4,000	4,000	-5,000	1,000	0	0	-1,000	-	-	-	-	-	-	-	-	-
Total other comprehensive income (loss), net of tax
17,000	-11,000	32,000	-41,000	31,000	-51,000	-1,000	19,000	-3,000	29,000	48,000	20,000	-25,000	67,000	-37,000	-6,000	85,000	56,000	-83,000	78,000	-164,000	-355,000	-95,000	5,000	-3,000	24,000	57,000	5,000	-38,000	14,000	19,000	-63,000	15,000	-10,000	-36,000	-13,000	3,000	-27,000	-3,000	-1,000	-3,000	-12,000	-5,000	15,000	-1,000	-34,000
Comprehensive income including noncontrolling interest
277,000	16,000	299,000	218,000	240,000	-16,000	412,000	365,000	287,000	520,000	372,000	314,000	254,000	185,000	196,000	251,000	336,000	181,000	175,000	377,000	8,000	-338,000	117,000	299,000	231,000	373,000	366,000	271,000	210,000	-38,000	176,000	117,000	174,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net earnings attributable to noncontrolling interest
2,000	1,000	1,000	1,000	0	1,000	1,000	2,000	0	0	1,000	2,000	1,000	2,000	1,000	2,000	0	1,000	2,000	2,000	1,000	1,000	2,000	2,000	1,000	3,000	1,000	2,000	1,000	2,000	3,000	1,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to Eastman
275,000	15,000	298,000	217,000	240,000	-17,000	411,000	363,000	287,000	520,000	371,000	312,000	253,000	183,000	195,000	249,000	336,000	180,000	173,000	375,000	7,000	-339,000	115,000	297,000	230,000	370,000	365,000	269,000	209,000	-40,000	173,000	116,000	173,000	2,000	138,000	207,000	243,000	-21,000	167,000	147,000	98,000	-91,000	96,000	80,000	1,000	66,000
Retained Earnings
Cumulative effect adjustment resulting from adoption of new accounting standards
0	0	0	0	-20,000	0	0	0	16,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from continuing operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,000	290,000	-	-	308,000	264,000	-	-54,000	154,000	177,000	159,000	-	-	-	-	-	-	-	-	-	-	-	-	100,000
Earnings from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,000	-	-	0	0	-	0	0	2,000	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings attributable to Eastman
258,000	26,000	266,000	258,000	209,000	34,000	412,000	344,000	290,000	491,000	323,000	292,000	278,000	116,000	232,000	255,000	251,000	124,000	256,000	297,000	171,000	16,000	210,000	292,000	233,000	346,000	308,000	264,000	247,000	-54,000	154,000	179,000	158,000	12,000	174,000	220,000	240,000	6,000	170,000	148,000	101,000	-79,000	101,000	65,000	2,000	100,000
Cash dividends declared
90,000	90,000	85,000	85,000	87,000	87,000	78,000	78,000	82,000	80,000	74,000	75,000	74,000	75,000	69,000	68,000	67,000	68,000	59,000	60,000	60,000	59,000	53,000	52,000	54,000	52,000	46,000	47,000	46,000	47,000	39,000	37,000	36,000	104,000	36,000	33,000	-34,000	225,000	-32,000	-32,000	-32,000	224,000	-32,000	-32,000	-32,000	-31,000