EMN FY 2013 Earnings Report — Eastman Chemical Company Revenue & Financial Results | Market Cap Arena

Eastman Chemical CompanyEMN

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$9.4B	—	—	—	—
Op. Income	$2.0B	—	—	—	—
Gross Margin	29.6%	—	—	—	—
Net Margin	12.4%	—	—	—	—
EPS (Diluted)	$7.44	—	—	—	—
Free Cash Flow	$814M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.6B
GROSS PROFIT	$2.8B
R&D Expenses	$193M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$609M
Other Expenses	$0
Operating Expenses	$802M
Cost & Expenses	$7.4B
OPERATING INCOME	$2.0B
Interest Income	$6M
Interest Expense	$186M
Other Income/Expenses	-$289M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$507M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$433M
EBIT	$1.9B
EBITDA	$2.3B
EPS	$8
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.6B
GROSS PROFIT	$2.8B
R&D Expenses	$193M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$609M
Other Expenses	$0
Operating Expenses	$802M
Cost & Expenses	$7.4B
OPERATING INCOME	$2.0B
Interest Income	$6M
Interest Expense	$186M
Other Income/Expenses	-$289M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$507M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$433M
EBIT	$1.9B
EBITDA	$2.3B
EPS	$8
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$433M
Stock-Based Compensation	$0
Deferred Income Tax	$331M
Other Non-Cash Items	-$422M
Change in Working Capital	-$217M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$483M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$31M
Other Investing Activities	$26M
NET CASH FROM INVESTING	-$457M
Net Debt Issuance	-$530M
Common Stock Repurchased	-$238M
Common Dividends Paid	-$140M
Other Financing Activities	$49M
NET CASH FROM FINANCING	-$859M
FREE CASH FLOW	$814M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$237M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$1.3B
Other Current Assets	$251M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$4.3B
Goodwill	$2.6B
Intangible Assets	$1.8B
Long-Term Investments	-$496M
Tax Assets	$496M
Other Non-Current Assets	$317M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$11.8B
Account Payables	$762M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$362M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$4.3B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$496M
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$6.5B
TOTAL LIABILITIES	$8.0B
Common Stock	$2M
Additional Paid-In Capital	$1.8B
Retained Earnings	$4.0B
Treasury Stock	-$2.2B
Accum. Other Comp. Income	$171M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$79M
TOTAL EQUITY	$3.9B
TOTAL LIABILITIES & EQUITY	$11.8B
Total Debt	$4.3B
Net Debt	$4.0B