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10-Q Filing

EASTMAN CHEMICAL CO CIK: 915389 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000915389-17-000023
Period End Date 20170331
Filing Date 20170505
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance emn-20170331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $197.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $293.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $181.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $202.00M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Trade receivables, net of allowance for doubtful accounts AccountsReceivableNetCurrent $812.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 350.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 350.00M shares Point-in-time
Trade receivables, net of allowance for doubtful accounts AccountsReceivableNetCurrent $982.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 217.71M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 217.99M shares Point-in-time
Miscellaneous receivables OtherReceivables $399.00M USD Point-in-time
Miscellaneous receivables OtherReceivables $423.00M USD Point-in-time
Inventories InventoryNet $1.40B USD Point-in-time
Inventories InventoryNet $1.50B USD Point-in-time
Treasury stock at cost (in shares) TreasuryStockShares 71.27M shares Point-in-time
Treasury stock at cost (in shares) TreasuryStockShares 72.21M shares Point-in-time
Other current assets OtherAssetsCurrent $68.00M USD Point-in-time
Other current assets OtherAssetsCurrent $70.00M USD Point-in-time
Total current assets AssetsCurrent $3.17B USD Point-in-time
Total current assets AssetsCurrent $2.87B USD Point-in-time
Properties and equipment at cost PropertyPlantAndEquipmentGross $11.78B USD Point-in-time
Properties and equipment at cost PropertyPlantAndEquipmentGross $11.70B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $6.46B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $6.42B USD Point-in-time
Net properties PropertyPlantAndEquipmentNet $5.32B USD Point-in-time
Net properties PropertyPlantAndEquipmentNet $5.28B USD Point-in-time
Goodwill Goodwill $4.48B USD Point-in-time
Goodwill Goodwill $4.46B USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $2.43B USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $2.47B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $351.00M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $385.00M USD Point-in-time
Total assets Assets $15.46B USD Point-in-time
Total assets Assets $15.76B USD Point-in-time
Payables and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $1.33B USD Point-in-time
Payables and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $1.51B USD Point-in-time
Borrowings due within one year ShortTermBorrowings $305.00M USD Point-in-time
Borrowings due within one year ShortTermBorrowings $283.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.79B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.64B USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $6.31B USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $6.58B USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $1.21B USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $1.27B USD Point-in-time
Post-employment obligations PostemploymentBenefitsLiabilityNoncurrent $1.01B USD Point-in-time
Post-employment obligations PostemploymentBenefitsLiabilityNoncurrent $1.02B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $535.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $519.00M USD Point-in-time
Total liabilities Liabilities $11.03B USD Point-in-time
Total liabilities Liabilities $10.85B USD Point-in-time
Common stock ($0.01 par value 350,000,000 shares authorized; shares issued 217,989,425 and 217,707,600 for 2017 and 2016, respectively) CommonStockValue $2.00M USD Point-in-time
Common stock ($0.01 par value 350,000,000 shares authorized; shares issued 217,989,425 and 217,707,600 for 2017 and 2016, respectively) CommonStockValue $2.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.92B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.93B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.33B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.15B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.92B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.72B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-390.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-281.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-306.00M USD Point-in-time
Stockholder's Equity before Treasury Stock StockholdersEquityBeforeTreasuryStock $7.55B USD Point-in-time
Stockholder's Equity before Treasury Stock StockholdersEquityBeforeTreasuryStock $7.36B USD Point-in-time
Less: Treasury stock at cost (72,213,173 shares for 2017 and 71,269,474 shares for 2016) TreasuryStockValue $2.90B USD Point-in-time
Less: Treasury stock at cost (72,213,173 shares for 2017 and 71,269,474 shares for 2016) TreasuryStockValue $2.83B USD Point-in-time
Total Eastman stockholders' equity StockholdersEquity $4.65B USD Point-in-time
Total Eastman stockholders' equity StockholdersEquity $4.53B USD Point-in-time
Noncontrolling interest MinorityInterest $76.00M USD Point-in-time
Noncontrolling interest MinorityInterest $76.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.61B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.73B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $15.76B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $15.46B USD Point-in-time
Income Statement 64 line items
Line Item Tag Value Unit Period
Sales SalesRevenueGoodsNet $2.30B USD 1 Quarter
Sales SalesRevenueGoodsNet $2.24B USD 1 Quarter
Cost of sales CostOfGoodsSold $1.60B USD 1 Quarter
Cost of sales CostOfGoodsSold $1.68B USD 1 Quarter
Gross profit GrossProfit $634.00M USD 1 Quarter
Gross profit GrossProfit $625.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $174.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $183.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $54.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $54.00M USD 1 Quarter
Asset impairments and restructuring gains, net RestructuringSettlementAndImpairmentProvisions - USD 1 Quarter
Asset impairments and restructuring gains, net RestructuringSettlementAndImpairmentProvisions $-2.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $399.00M USD 1 Quarter
Operating earnings OperatingIncomeLoss $397.00M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-60.00M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-64.00M USD 1 Quarter
Other (income) charges, net OtherNonoperatingIncomeExpense $-12.00M USD 1 Quarter
Other (income) charges, net OtherNonoperatingIncomeExpense $4.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $323.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $341.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $62.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $72.00M USD 1 Quarter
Net earnings ProfitLoss $279.00M USD 1 Quarter
Net earnings ProfitLoss $251.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net earnings attributable to Eastman NetIncomeLoss $278.00M USD 1 Quarter
Net earnings attributable to Eastman NetIncomeLoss $251.00M USD 1 Quarter
Basic earnings per share attributable to Eastman EarningsPerShareBasic $1.90 USD 1 Quarter
Basic earnings per share attributable to Eastman EarningsPerShareBasic $1.70 USD 1 Quarter
Diluted earnings per share attributable to Eastman EarningsPerShareDiluted $1.69 USD 1 Quarter
Diluted earnings per share attributable to Eastman EarningsPerShareDiluted $1.89 USD 1 Quarter
Net earnings including noncontrolling interest ProfitLoss $279.00M USD 1 Quarter
Net earnings including noncontrolling interest ProfitLoss $251.00M USD 1 Quarter
Change in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-97.00M USD Annual
Change in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $106.00M USD 1 Quarter
Change in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00M USD 1 Quarter
Amortization of unrecognized prior service credits included in net periodic costs OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-7.00M USD 1 Quarter
Amortization of unrecognized prior service credits included in net periodic costs OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-7.00M USD 1 Quarter
Unrealized loss during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-21.00M USD 1 Quarter
Unrealized loss during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-18.00M USD 1 Quarter
Reclassification adjustment for (gains) losses included in net income, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-4.00M USD 1 Quarter
Reclassification adjustment for (gains) losses included in net income, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $4.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-25.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $109.00M USD Annual
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $85.00M USD 1 Quarter
Comprehensive income including noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $336.00M USD 1 Quarter
Comprehensive income including noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $254.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive income attributable to Eastman ComprehensiveIncomeNetOfTax $336.00M USD 1 Quarter
Comprehensive income attributable to Eastman ComprehensiveIncomeNetOfTax $253.00M USD 1 Quarter
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $5.33B USD Point-in-time
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $5.15B USD Point-in-time
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $5.92B USD Point-in-time
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $5.72B USD Point-in-time
Net earnings attributable to Eastman NetIncomeLoss $278.00M USD 1 Quarter
Net earnings attributable to Eastman NetIncomeLoss $251.00M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $74.00M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $67.00M USD 1 Quarter
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $5.33B USD Point-in-time
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $5.15B USD Point-in-time
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $5.92B USD Point-in-time
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $5.72B USD Point-in-time
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $279.00M USD 1 Quarter
Net earnings ProfitLoss $251.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $145.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $147.00M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $31.00M USD 1 Quarter
Provision for deferred income taxes DeferredIncomeTaxExpenseBenefit $9.00M USD 1 Quarter
(Increase) decrease in trade receivables IncreaseDecreaseInAccountsReceivable $144.00M USD 1 Quarter
(Increase) decrease in trade receivables IncreaseDecreaseInAccountsReceivable $149.00M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $82.00M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $2.00M USD 1 Quarter
Increase (decrease) in trade payables IncreaseDecreaseInAccountsPayableTrade $-62.00M USD 1 Quarter
Increase (decrease) in trade payables IncreaseDecreaseInAccountsPayableTrade $-26.00M USD 1 Quarter
Pension and other postretirement contributions (in excess of) less than expenses PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses $36.00M USD 1 Quarter
Pension and other postretirement contributions (in excess of) less than expenses PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses $23.00M USD 1 Quarter
Variable compensation (in excess of) less than expenses VariableCashCompensationInExcessOfLessThanExpenses $84.00M USD 1 Quarter
Variable compensation (in excess of) less than expenses VariableCashCompensationInExcessOfLessThanExpenses $109.00M USD 1 Quarter
Other items, net OtherOperatingActivitiesCashFlowStatement $-16.00M USD 1 Quarter
Other items, net OtherOperatingActivitiesCashFlowStatement $-26.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $51.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $52.00M USD 1 Quarter
Additions to properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $133.00M USD 1 Quarter
Additions to properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $110.00M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSalesOfAssetsInvestingActivities $1.00M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSalesOfAssetsInvestingActivities $6.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $4.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $21.00M USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities $1.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-126.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-136.00M USD 1 Quarter
Net increase in commercial paper and other borrowings ProceedsFromRepaymentsOfShortTermDebt - USD 1 Quarter
Net increase in commercial paper and other borrowings ProceedsFromRepaymentsOfShortTermDebt $82.00M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfLongTermDebt $250.00M USD 1 Quarter
Repayment of borrowings RepaymentsOfLongTermDebt - USD 1 Quarter
Repayment of borrowings RepaymentsOfLongTermDebt $10.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividends $75.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividends $68.00M USD 1 Quarter
Treasury stock purchases PaymentsForRepurchaseOfOtherEquity $20.00M USD 1 Quarter
Treasury stock purchases PaymentsForRepurchaseOfOtherEquity $75.00M USD 1 Quarter
Proceeds from stock option exercises and other items, net ProceedsFromIssuanceOrSaleOfEquity - USD 1 Quarter
Proceeds from stock option exercises and other items, net ProceedsFromIssuanceOrSaleOfEquity $2.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-16.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $102.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-2.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents - USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $16.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-91.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $197.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $293.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $181.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $202.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $197.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $293.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $181.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $202.00M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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