EMN FY 2022 Earnings Report — Eastman Chemical Company Revenue & Financial Results | Market Cap Arena

Eastman Chemical CompanyEMN

FY 2022 Earnings

Reported February 15, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$10.5B	—	—	—	—
Op. Income	$1.1B	—	—	—	—
Gross Margin	19.5%	—	—	—	—
Net Margin	7.5%	—	—	—	—
EPS (Diluted)	$6.35	—	—	—	—
Free Cash Flow	$364M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$8.5B
GROSS PROFIT	$2.1B
R&D Expenses	$264M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$708M
Other Expenses	$0
Operating Expenses	$972M
Cost & Expenses	$9.5B
OPERATING INCOME	$1.1B
Interest Income	$6M
Interest Expense	$188M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$977M
Income Tax Expense	$181M
Net Income from Continuing Ops	$796M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$793M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$793M
D&A	$477M
EBIT	$1.2B
EBITDA	$1.6B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$8.5B
GROSS PROFIT	$2.1B
R&D Expenses	$264M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$708M
Other Expenses	$0
Operating Expenses	$972M
Cost & Expenses	$9.5B
OPERATING INCOME	$1.1B
Interest Income	$6M
Interest Expense	$188M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$977M
Income Tax Expense	$181M
Net Income from Continuing Ops	$796M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$793M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$793M
D&A	$477M
EBIT	$1.2B
EBITDA	$1.6B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$796M
Depreciation & Amortization	$477M
Stock-Based Compensation	$0
Deferred Income Tax	-$136M
Other Non-Cash Items	-$175M
Change in Working Capital	$13M
OPERATING CASH FLOW	$975M
Capital Expenditure	-$611M
Acquisitions (Net)	$997M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	$392M
Net Debt Issuance	$76M
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$381M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$364M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$493M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$1.9B
Other Current Assets	$114M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$5.2B
Goodwill	$3.7B
Intangible Assets	$1.2B
Long-Term Investments	$183M
Tax Assets	$0
Other Non-Current Assets	$672M
TOTAL NON-CURRENT ASSETS	$10.9B
TOTAL ASSETS	$14.7B
Account Payables	$1.3B
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$391M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$4.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$671M
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$6.2B
TOTAL LIABILITIES	$9.4B
Common Stock	$2M
Additional Paid-In Capital	$2.3B
Retained Earnings	$9.0B
Treasury Stock	-$5.9B
Accum. Other Comp. Income	-$205M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$83M
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$14.7B
Total Debt	$5.2B
Net Debt	$4.7B