Company Information

  

Address: PO BOX 511
200 SOUTH WILCOX DRIVE 
City: KINGSPORT 
State: TN 
Zip Code: 37660 
Telephone: 423-229-2000 

Description of Business

Primary SIC Code: 2821
(As filed with the SEC)  

Eastman Chemical Company ("Eastman" or the "Company") is a global advanced materials and specialty additives company that produces a broad range of advanced materials, specialty additives, chemicals, and fibers found in items people use every day. Eastman began business in 1920 for the purpose of producing chemicals for Eastman Kodak Company's photographic business and became a public company, incorporated in Delaware, on December 31, 1993. Eastman has 49 manufacturing sites and equity interests in six manufacturing joint ventures in 14 countries that supply products to customers throughout the world. The Company's headquarters and largest manufacturing site are located in Kingsport, Tennessee. Eastman's businesses are managed and reported in four operating segments: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. See "Business Segments".  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20176.890.51013.13
06/20176.240.51013.46
03/20175.950.51013.58
12/20165.750.51013.08
09/20165.790.46011.69
06/20165.940.46011.43
03/20166.210.46011.63
12/20155.660.46011.93

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.94Total Liab/Total Assets0.71
Net Inc/Total Assets0.06Total Liab/Inv Cap0.82
Net Inc/Inv Cap0.06Total Liab/Comm Equity-12.03
Pretax Inc/Net Sales0.12Interest Coverage Ratio5.11
Net Inc/Net Sales0.09Curr Debt/Equity0.06
Cash Flow/Net Sales0.15LTD/Equity1.39
SG&A/NetSales0.08Total Debt/Equity1.45
Asset Utilization   Liquidity  
Net Receivables Turnover8.01Quick Ratio0.81
Inventory Turnover4.62Current Ratio1.60
Inventory Day Sales0.01Net Rec/Curr Assets0.42
Net Sales/Work Cap8.41Inv/Curr Assets0.49
Net Sales/PP&E1.71  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 2,465.00 2,419.00 2,303.00 2,188.00
Cost of Goods Sold 1,774.00 1,768.00 1,678.00 1,698.00
Selling & Admin Exps 175.00 176.00 174.00 165.00
Operating Income 460.00 420.00 397.00 252.00
Interest Exp 61.00 61.00 60.00 64.00
Pretax Income 403.00 359.00 341.00 113.00
Other Income 4.00 0.00 4.00 -75.00
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 323.00 292.00 278.00 116.00

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 195.00 222.00 197.00 181.00
Receivables - Total 1,425.00 1,437.00 1,405.00 1,211.00
Inventories - Total 1,576.00 1,540.00 1,495.00 1,404.00
Total Current Assets 3,245.00 3,262.00 3,165.00 2,866.00
Net Property, Plant & Equipment 5,485.00 5,403.00 5,321.00 5,276.00
Total Assets 16,024.00 15,964.00 15,755.00 15,457.00
Liabilities        
Accounts Payable 1,402.00 1,384.00 1,332.00 1,512.00
Debt in Current Liabilities 369.00 212.00 305.00 283.00
Total Current Liabilities 1,771.00 1,596.00 1,637.00 1,795.00
Long-Term Debt 6,325.00 6,669.00 6,578.00 6,311.00
Total Liabilities 11,001.00 11,152.00 11,104.00 10,925.00
Stockholder's Equity        
Minority Interest 76.00 78.00 76.00 76.00
Preferred Stock NA NA NA NA
Common Stock 2.00 2.00 2.00 2.00
Retained Earnings 6,391.00 6,142.00 5,925.00 5,721.00
Treasury Stock -3,100.00 -3,000.00 -2,900.00 -2,825.00
Total Stockholders' Equity 5,023.00 4,812.00 4,651.00 4,532.00
Total Liabilities and Stockholders' Equity 16,024.00 15,964.00 15,755.00 15,457.00

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 528.00 431.00 52.00 390.00
Net Cash Provided by Investing Activities -147.00 -147.00 -136.00 -296.00
Net Cash Provided by Financing Activities -410.00 -260.00 102.00 -117.00

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20128,102.00437.002.92
12/20139,350.001,165.00--
12/20149,527.00751.004.95
12/20159,648.00848.005.66
12/20169,008.00854.005.75
Growth Rates2.6918.23--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17666120,38483.75




Report Date : 12/4/2017

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