◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...

10-Q Filing

EASTMAN CHEMICAL CO CIK: 915389 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000915389-21-000027
Period End Date 20210331
Filing Date 20210503
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance emn-20210331_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $564.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $680.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $540.00M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $204.00M 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 $1.23B USD 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 $1.03B USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 350.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 220.64M shares Point-in-time
Miscellaneous receivables OtherReceivables $482.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 221.46M shares Point-in-time
Miscellaneous receivables OtherReceivables $440.00M USD Point-in-time
Treasury stock at cost (in shares) TreasuryStockShares 85.19M shares Point-in-time
Inventories InventoryNet $1.50B USD Point-in-time
Treasury stock at cost (in shares) TreasuryStockShares 84.83M shares Point-in-time
Inventories InventoryNet $1.38B USD Point-in-time
Other current assets OtherAssetsCurrent $83.00M USD Point-in-time
Other current assets OtherAssetsCurrent $83.00M USD Point-in-time
Total current assets AssetsCurrent $3.80B USD Point-in-time
Total current assets AssetsCurrent $3.54B USD Point-in-time
Properties and equipment at cost PropertyPlantAndEquipmentGross $13.53B USD Point-in-time
Properties and equipment at cost PropertyPlantAndEquipmentGross $13.53B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $7.98B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $8.06B USD Point-in-time
Net properties PropertyPlantAndEquipmentNet $5.47B USD Point-in-time
Net properties PropertyPlantAndEquipmentNet $5.55B USD Point-in-time
Goodwill Goodwill $4.46B USD Point-in-time
Goodwill Goodwill $4.45B USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $1.74B USD Point-in-time
Intangible assets, net of accumulated amortization IntangibleAssetsNetExcludingGoodwill $1.79B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $736.00M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $745.00M USD Point-in-time
Total assets Assets $16.08B USD Point-in-time
Total assets Assets $16.20B USD Point-in-time
Payables and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $1.69B USD Point-in-time
Payables and other current liabilities AccountsPayableAndAccruedLiabilitiesCurrent $1.69B USD Point-in-time
Borrowings due within one year ShortTermBorrowings $349.00M USD Point-in-time
Borrowings due within one year ShortTermBorrowings $324.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.04B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.02B USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $5.27B USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $5.20B USD Point-in-time
Deferred income tax liabilities DeferredIncomeTaxLiabilitiesNet $848.00M USD Point-in-time
Deferred income tax liabilities DeferredIncomeTaxLiabilitiesNet $855.00M USD Point-in-time
Post-employment obligations PostemploymentBenefitsLiabilityNoncurrent $1.12B USD Point-in-time
Post-employment obligations PostemploymentBenefitsLiabilityNoncurrent $1.14B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $677.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $689.00M USD Point-in-time
Total liabilities Liabilities $9.97B USD Point-in-time
Total liabilities Liabilities $9.88B USD Point-in-time
Common stock ($0.01 par value 350,000,000 shares authorized; shares issued 221,457,969 and 220,641,506 for 2021 and 2020, respectively) CommonStockValue $2.00M USD Point-in-time
Common stock ($0.01 par value 350,000,000 shares authorized; shares issued 221,457,969 and 220,641,506 for 2021 and 2020, respectively) CommonStockValue $2.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.17B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.22B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.96B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.08B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.13B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.26B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-248.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-214.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-273.00M USD Point-in-time
Stockholder's Equity before Treasury Stock StockholdersEquityBeforeTreasuryStock $10.23B USD Point-in-time
Stockholder's Equity before Treasury Stock StockholdersEquityBeforeTreasuryStock $9.98B USD Point-in-time
Less: Treasury stock at cost (85,185,245 shares for 2021 and 84,830,450 shares for 2020) TreasuryStockValue $3.96B USD Point-in-time
Less: Treasury stock at cost (85,185,245 shares for 2021 and 84,830,450 shares for 2020) TreasuryStockValue $4.00B USD Point-in-time
Total Eastman stockholders' equity StockholdersEquity $6.02B USD Point-in-time
Total Eastman stockholders' equity StockholdersEquity $6.23B USD Point-in-time
Noncontrolling interest MinorityInterest $86.00M USD Point-in-time
Noncontrolling interest MinorityInterest $85.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.03B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.19B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.11B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.32B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $16.20B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $16.08B USD Point-in-time
Income Statement 66 line items
Line Item Tag Value Unit Period
Sales Revenues $2.41B USD 1 Quarter
Sales Revenues $2.24B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.81B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.66B USD 1 Quarter
Gross profit GrossProfit $577.00M USD 1 Quarter
Gross profit GrossProfit $598.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $160.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $184.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $58.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $61.00M USD 1 Quarter
Asset impairments and restructuring charges, net RestructuringSettlementAndImpairmentProvisions $14.00M USD 1 Quarter
Asset impairments and restructuring charges, net RestructuringSettlementAndImpairmentProvisions $7.00M USD 1 Quarter
Other components of post-employment (benefit) cost, net PensionAndOtherPostretirementBenefitExpense $-30.00M USD 1 Quarter
Other components of post-employment (benefit) cost, net PensionAndOtherPostretirementBenefitExpense $-36.00M USD 1 Quarter
Other (income) charges, net NonoperatingIncomeExpense $-4.00M USD 1 Quarter
Other (income) charges, net NonoperatingIncomeExpense $4.00M USD 1 Quarter
Earnings before interest and taxes IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet $389.00M USD 1 Quarter
Earnings before interest and taxes IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet $368.00M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-50.00M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-52.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $339.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $316.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $62.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $56.00M USD 1 Quarter
Net earnings ProfitLoss $260.00M USD 1 Quarter
Net earnings ProfitLoss $277.00M USD 1 Quarter
Less: Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Less: Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Net earnings attributable to Eastman NetIncomeLoss $258.00M USD 1 Quarter
Net earnings attributable to Eastman NetIncomeLoss $274.00M USD 1 Quarter
Basic earnings per share attributable to Eastman EarningsPerShareBasic $2.01 USD 1 Quarter
Basic earnings per share attributable to Eastman EarningsPerShareBasic $1.90 USD 1 Quarter
Diluted earnings per share attributable to Eastman EarningsPerShareDiluted $1.99 USD 1 Quarter
Diluted earnings per share attributable to Eastman EarningsPerShareDiluted $1.89 USD 1 Quarter
Net earnings including noncontrolling interest ProfitLoss $260.00M USD 1 Quarter
Net earnings including noncontrolling interest ProfitLoss $277.00M USD 1 Quarter
Change in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-29.00M USD Annual
Change in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $19.00M USD 1 Quarter
Change in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.00M USD 1 Quarter
Amortization of unrecognized prior service credits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-7.00M USD 1 Quarter
Amortization of unrecognized prior service credits OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $-7.00M USD 1 Quarter
Unrealized gain (loss) during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $7.00M USD 1 Quarter
Unrealized gain (loss) during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $25.00M USD 1 Quarter
Reclassification adjustment for (gains) losses included in net income, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-5.00M USD 1 Quarter
Reclassification adjustment for (gains) losses included in net income, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $2.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $17.00M USD 1 Quarter
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-59.00M USD Annual
Total other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $25.00M USD 1 Quarter
Comprehensive income including noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $277.00M USD 1 Quarter
Comprehensive income including noncontrolling interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $302.00M USD 1 Quarter
Less: Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $2.00M USD 1 Quarter
Less: Net earnings attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Comprehensive income attributable to Eastman ComprehensiveIncomeNetOfTax $299.00M USD 1 Quarter
Comprehensive income attributable to Eastman ComprehensiveIncomeNetOfTax $275.00M USD 1 Quarter
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $7.96B USD Point-in-time
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $8.08B USD Point-in-time
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $8.13B USD Point-in-time
Retained earnings at beginning of period RetainedEarningsAccumulatedDeficit $8.26B USD Point-in-time
Net earnings attributable to Eastman NetIncomeLoss $258.00M USD 1 Quarter
Net earnings attributable to Eastman NetIncomeLoss $274.00M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $94.00M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $90.00M USD 1 Quarter
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $7.96B USD Point-in-time
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $8.08B USD Point-in-time
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $8.13B USD Point-in-time
Retained earnings at end of period RetainedEarningsAccumulatedDeficit $8.26B USD Point-in-time
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $260.00M USD 1 Quarter
Net earnings ProfitLoss $277.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $149.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $139.00M USD 1 Quarter
Asset impairment charges AssetImpairmentCharges - USD 1 Quarter
Asset impairment charges AssetImpairmentCharges $9.00M USD 1 Quarter
Provision for (benefit from) deferred income taxes DeferredIncomeTaxExpenseBenefit $2.00M USD 1 Quarter
Provision for (benefit from) deferred income taxes DeferredIncomeTaxExpenseBenefit $12.00M USD 1 Quarter
(Increase) decrease in trade receivables IncreaseDecreaseInAccountsReceivable $211.00M USD 1 Quarter
(Increase) decrease in trade receivables IncreaseDecreaseInAccountsReceivable $72.00M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $18.00M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $144.00M USD 1 Quarter
Increase (decrease) in trade payables IncreaseDecreaseInAccountsPayableTrade $-104.00M USD 1 Quarter
Increase (decrease) in trade payables IncreaseDecreaseInAccountsPayableTrade $197.00M USD 1 Quarter
Pension and other postretirement contributions (in excess of) less than expenses PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses $53.00M USD 1 Quarter
Pension and other postretirement contributions (in excess of) less than expenses PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses $52.00M USD 1 Quarter
Variable compensation (in excess of) less than expenses VariableCashCompensationInExcessOfLessThanExpenses $74.00M USD 1 Quarter
Variable compensation (in excess of) less than expenses VariableCashCompensationInExcessOfLessThanExpenses $78.00M USD 1 Quarter
Other items, net OtherOperatingActivitiesCashFlowStatement $77.00M USD 1 Quarter
Other items, net OtherOperatingActivitiesCashFlowStatement $71.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $216.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $171.00M USD 1 Quarter
Additions to properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $91.00M USD 1 Quarter
Additions to properties and equipment PaymentsToAcquirePropertyPlantAndEquipment $99.00M USD 1 Quarter
Additions to capitalized software PaymentsForSoftware $2.00M USD 1 Quarter
Additions to capitalized software PaymentsForSoftware $6.00M USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities $2.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-101.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-99.00M USD 1 Quarter
Net increase (decrease) in commercial paper and other borrowings ProceedsFromRepaymentsOfShortTermDebt $539.00M USD 1 Quarter
Net increase (decrease) in commercial paper and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-25.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividends $90.00M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividends $94.00M USD 1 Quarter
Treasury stock purchases PaymentsForRepurchaseOfOtherEquity $40.00M USD 1 Quarter
Treasury stock purchases PaymentsForRepurchaseOfOtherEquity $30.00M USD 1 Quarter
Other items, net ProceedsFromPaymentsForOtherFinancingActivities $-11.00M USD 1 Quarter
Other items, net ProceedsFromPaymentsForOtherFinancingActivities $22.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $408.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-137.00M 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 $-4.00M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-24.00M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $476.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $564.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $680.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $540.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $204.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $564.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $680.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $540.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $204.00M USD Point-in-time

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

NEWS
Loading news...
TRENDING
Loading...