EMN FY 2015 Earnings Report — Eastman Chemical Company Revenue & Financial Results | Market Cap Arena

Eastman Chemical CompanyEMN

FY 2015 Earnings

Reported February 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$9.6B	—	$9.5B	—	0.5%
Op. Income	$1.7B	—	$1.3B	—	34.8%
Gross Margin	28.3%	—	23.3%	—	5.1pp
Net Margin	8.9%	—	7.9%	—	1.0pp
EPS (Diluted)	$5.66	—	$4.97	—	13.9%
Free Cash Flow	$972M	—	$840M	—	15.7%

Revenue Flow

Item	Amount
REVENUE	$9.6B
Cost of Revenue	$6.9B
GROSS PROFIT	$2.7B
R&D Expenses	$251M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$743M
Other Expenses	$0
Operating Expenses	$985M
Cost & Expenses	$7.8B
OPERATING INCOME	$1.7B
Interest Income	$3M
Interest Expense	$266M
Other Income/Expenses	-$593M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$275M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$848M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$848M
D&A	$571M
EBIT	$1.4B
EBITDA	$2.0B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$9.6B
Cost of Revenue	$6.9B
GROSS PROFIT	$2.7B
R&D Expenses	$251M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$743M
Other Expenses	$0
Operating Expenses	$985M
Cost & Expenses	$7.8B
OPERATING INCOME	$1.7B
Interest Income	$3M
Interest Expense	$266M
Other Income/Expenses	-$593M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$275M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$848M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$848M
D&A	$571M
EBIT	$1.4B
EBITDA	$2.0B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$854M
Depreciation & Amortization	$571M
Stock-Based Compensation	$0
Deferred Income Tax	$107M
Other Non-Cash Items	$76M
Change in Working Capital	$16M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$652M
Acquisitions (Net)	-$41M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$4M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$693M
Net Debt Issuance	-$505M
Common Stock Repurchased	-$103M
Common Dividends Paid	-$238M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$844M
FREE CASH FLOW	$972M
Net Change in Cash	$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$293M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$1.5B
Other Current Assets	$68M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$5.1B
Goodwill	$4.5B
Intangible Assets	$2.6B
Long-Term Investments	-$928M
Tax Assets	$928M
Other Non-Current Assets	$435M
TOTAL NON-CURRENT ASSETS	$12.7B
TOTAL ASSETS	$15.6B
Account Payables	$699M
Short-Term Debt	$431M
Deferred Revenue	$211M
Other Current Liabilities	$579M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$6.6B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$928M
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$9.5B
TOTAL LIABILITIES	$11.6B
Common Stock	$2M
Additional Paid-In Capital	$1.9B
Retained Earnings	$5.1B
Treasury Stock	-$2.7B
Accum. Other Comp. Income	-$390M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.9B
Minority Interest	$80M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$15.6B
Total Debt	$7.0B
Net Debt	$6.7B