EMN FY 2018 Earnings Report — Eastman Chemical Company Revenue & Financial Results | Market Cap Arena

Eastman Chemical CompanyEMN

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$10.1B	—	—	—	—
Op. Income	$1.5B	—	—	—	—
Gross Margin	24.0%	—	—	—	—
Net Margin	10.7%	—	—	—	—
EPS (Diluted)	$7.56	—	—	—	—
Free Cash Flow	$1.0B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$7.7B
GROSS PROFIT	$2.4B
R&D Expenses	$235M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$721M
Other Expenses	$0
Operating Expenses	$956M
Cost & Expenses	$8.6B
OPERATING INCOME	$1.5B
Interest Income	$3M
Interest Expense	$238M
Other Income/Expenses	-$163M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$226M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$601M
EBIT	$1.5B
EBITDA	$2.1B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$7.7B
GROSS PROFIT	$2.4B
R&D Expenses	$235M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$721M
Other Expenses	$0
Operating Expenses	$956M
Cost & Expenses	$8.6B
OPERATING INCOME	$1.5B
Interest Income	$3M
Interest Expense	$238M
Other Income/Expenses	-$163M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$226M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$601M
EBIT	$1.5B
EBITDA	$2.1B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$604M
Stock-Based Compensation	$0
Deferred Income Tax	-$51M
Other Non-Cash Items	-$21M
Change in Working Capital	-$73M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$528M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$68M
NET CASH FROM INVESTING	-$463M
Net Debt Issuance	-$316M
Common Stock Repurchased	-$400M
Common Dividends Paid	-$318M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$1.0B
Net Change in Cash	$35M

Balance Sheet

Item	Amount
Cash & Equivalents	$226M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$1.6B
Other Current Assets	$73M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$5.6B
Goodwill	$4.5B
Intangible Assets	$2.2B
Long-Term Investments	-$884M
Tax Assets	$884M
Other Non-Current Assets	$378M
TOTAL NON-CURRENT ASSETS	$12.6B
TOTAL ASSETS	$16.0B
Account Payables	$914M
Short-Term Debt	$243M
Deferred Revenue	$94M
Other Current Liabilities	$417M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$5.9B
Deferred Revenue NC	$925M
Deferred Tax Liabilities	$884M
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$8.3B
TOTAL LIABILITIES	$10.1B
Common Stock	$2M
Additional Paid-In Capital	$2.0B
Retained Earnings	$7.6B
Treasury Stock	-$3.6B
Accum. Other Comp. Income	-$245M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$75M
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$16.0B
Total Debt	$6.2B
Net Debt	$5.9B