EMN FY 2006 Earnings Report — Eastman Chemical Company Revenue & Financial Results | Market Cap Arena

Eastman Chemical CompanyEMN

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$7.5B	—	—	—	—
Op. Income	$673M	—	—	—	—
Gross Margin	17.1%	—	—	—	—
Net Margin	5.5%	—	—	—	—
EPS (Diluted)	$2.46	—	—	—	—
Free Cash Flow	$204M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$6.2B
GROSS PROFIT	$1.3B
R&D Expenses	$167M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$437M
Other Expenses	$0
Operating Expenses	$604M
Cost & Expenses	$6.8B
OPERATING INCOME	$673M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$576M
Income Tax Expense	$167M
Net Income from Continuing Ops	$427M
Net Income from Discontinued Ops	$0
Other Adjustments	-$18M
NET INCOME	$409M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$409M
D&A	$308M
EBIT	$681M
EBITDA	$989M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$6.2B
GROSS PROFIT	$1.3B
R&D Expenses	$167M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$437M
Other Expenses	$0
Operating Expenses	$604M
Cost & Expenses	$6.8B
OPERATING INCOME	$673M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$576M
Income Tax Expense	$167M
Net Income from Continuing Ops	$427M
Net Income from Discontinued Ops	$0
Other Adjustments	-$18M
NET INCOME	$409M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$409M
D&A	$308M
EBIT	$681M
EBITDA	$989M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$409M
Depreciation & Amortization	$308M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	-$12M
Change in Working Capital	-$103M
OPERATING CASH FLOW	$609M
Capital Expenditure	-$405M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$311M
NET CASH FROM INVESTING	-$94M
Net Debt Issuance	-$50M
Common Stock Repurchased	$0
Common Dividends Paid	-$144M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$101M
FREE CASH FLOW	$204M
Net Change in Cash	$415M

Balance Sheet

Item	Amount
Cash & Equivalents	$939M
Short-Term Investments	$0
Net Receivables	$754M
Inventory	$682M
Other Current Assets	$47M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$3.1B
Goodwill	$314M
Intangible Assets	$0
Long-Term Investments	-$269M
Tax Assets	$269M
Other Non-Current Assets	$368M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$6.2B
Account Payables	$581M
Short-Term Debt	$14M
Deferred Revenue	$185M
Other Current Liabilities	$203M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$269M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$4.1B
Common Stock	$1M
Additional Paid-In Capital	$448M
Retained Earnings	$2.2B
Treasury Stock	-$432M
Accum. Other Comp. Income	-$174M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$1.6B
Net Debt	$664M