Eastman Chemical Company (EMN)

Eastman Chemical Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9,108	9,210	10,580	10,476	8,473	9,273
Revenue Growth (YoY)	-11.38%	-12.95%	0.99%	23.64%	-8.63%	-8.65%
Cost of Revenue	7,044	7,149	8,443	7,976	6,498	7,039
Gross Profit	2,064	2,061	2,137	2,500	1,975	2,234
Selling, General & Admin	727	727	726	795	654	691
Research & Development	236	239	264	254	226	234
Other Operating Expenses	65	78	-49	-365	346	186
Operating Expenses	1,028	1,044	941	684	1,226	1,111
Operating Income	1,036	1,017	1,196	1,816	749	1,123
Interest Expense / Income	212	215	182	198	210	218
Other Expense / Income	-281	-283	40	546	20	6
Pretax Income	1,105	1,085	974	1,072	519	899
Income Tax	180	191	181	215	41	140
Net Income	925	894	793	857	478	759
Net Income Growth	33.67%	12.74%	-7.47%	79.29%	-37.02%	-29.72%
Shares Outstanding (Basic)	117	119	120	134	135	136
Shares Change	-1.22%	-1.19%	-10.75%	-0.76%	-0.38%	-2.90%
EPS (Basic)	7.80	7.54	6.42	6.35	3.53	5.52
EPS (Diluted)	7.75	7.49	6.35	6.25	3.50	5.48
EPS Growth	35.96%	17.95%	1.60%	78.57%	-36.13%	-27.51%
Free Cash Flow	517	541	351	1,041	1,059	1,073
Free Cash Flow Per Share	4.41	4.56	2.92	7.74	7.82	7.89
Dividend Per Share	3.200	3.180	3.070	2.830	2.670	2.520
Dividend Growth	3.23%	3.58%	8.48%	5.99%	5.95%	9.57%
Gross Margin	22.66%	22.38%	20.20%	23.86%	23.31%	24.09%
Operating Margin	11.37%	11.04%	11.30%	17.33%	8.84%	12.11%
Profit Margin	10.16%	9.71%	7.50%	8.18%	5.64%	8.19%
Free Cash Flow Margin	5.68%	5.87%	3.32%	9.94%	12.50%	11.57%
Effective Tax Rate	16.29%	17.60%	18.58%	20.06%	7.90%	15.57%
EBITDA	1,801	1,798	1,633	1,808	1,303	1,728
EBITDA Margin	19.77%	19.52%	15.43%	17.26%	15.38%	18.63%
Depreciation & Amortization	484	498	477	538	574	611
EBIT	1,317	1,300	1,156	1,270	729	1,117
EBIT Margin	14.46%	14.12%	10.93%	12.12%	8.60%	12.05%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).