Eastman Historical Income Statement

EMN Stock

USD 94.76 0.32 0.34%

Historical analysis of Eastman Chemical income statement accounts such as Total Revenue of 7.8 B or Gross Profit of 1.8 B can show how well Eastman Chemical performed in making a profits. Evaluating Eastman Chemical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Eastman Chemical's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Eastman Chemical latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Eastman Chemical is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

About Eastman Income Statement Analysis

Eastman Chemical Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Eastman Chemical shareholders. The income statement also shows Eastman investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Eastman Chemical Income Statement Chart

Eastman Chemical Income Statement is one of the three primary financial statements used for reporting Eastman's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Eastman Chemical revenue and expense. Eastman Chemical Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Eastman Chemical's Net Income From Continuing Ops is very stable compared to the past year. As of the 2nd of May 2024, Non Recurring is likely to grow to about 70.1 M, while Depreciation And Amortization is likely to drop about 447.6 M.

Total Revenue Gross Profit Operating Income Income Tax Expense

Total Revenue

Total revenue comprises all receipts Eastman Chemical generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Eastman Chemical minus its cost of goods sold. It is profit before Eastman Chemical operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Eastman Chemical operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Eastman Chemical is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Eastman Chemical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Eastman Chemical current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastman Chemical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.At this time, Eastman Chemical's Net Income From Continuing Ops is very stable compared to the past year. As of the 2nd of May 2024, Non Recurring is likely to grow to about 70.1 M, while Depreciation And Amortization is likely to drop about 447.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.5B	2.1B	2.1B	1.8B
Total Revenue	10.5B	10.6B	9.2B	7.8B

Gross Profit Total Revenue

Eastman Chemical income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Selling General Administrative	Extraordinary Items	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Selling And Marketing Expenses
Depreciation And Amortization		0.85	0.63	0.67	0.6	0.52	0.52	0.68	0.58	0.72	0.31	-0.37	0.52	-0.4	0.73	0.54	-0.22	0.5	0.08	-0.14	-0.69	-0.18	-0.51	-0.59	0.35	0.54
Interest Expense	0.85		0.84	0.82	0.8	0.65	0.67	0.77	0.79	0.71	0.54	-0.25	0.74	-0.18	0.74	0.78	0.14	0.6	-0.15	-0.07	-0.81	-0.15	-0.38	-0.45	0.22	0.27
Total Revenue	0.63	0.84		0.84	0.99	0.78	0.79	0.83	0.99	0.71	0.63	-0.4	0.79	0.01	0.8	0.58	0.08	0.69	-0.39	-0.26	-0.79	-0.41	-0.2	-0.27	0.42	0.33
Gross Profit	0.67	0.82	0.84		0.74	0.93	0.95	0.98	0.74	0.62	0.84	-0.28	0.84	0.16	0.58	0.53	0.27	0.82	-0.26	-0.21	-0.68	-0.19	-0.11	-0.2	0.07	0.24
Other Operating Expenses	0.6	0.8	0.99	0.74		0.69	0.7	0.74	1.0	0.73	0.52	-0.42	0.71	-0.05	0.84	0.56	-0.01	0.59	-0.38	-0.27	-0.79	-0.47	-0.21	-0.28	0.51	0.35
Operating Income	0.52	0.65	0.78	0.93	0.69		0.99	0.97	0.69	0.49	0.87	-0.37	0.83	0.2	0.46	0.24	0.21	0.83	-0.45	-0.43	-0.51	-0.35	-0.08	-0.16	0.15	0.3
Ebit	0.52	0.67	0.79	0.95	0.7	0.99		0.98	0.69	0.51	0.87	-0.33	0.83	0.24	0.47	0.31	0.27	0.84	-0.41	-0.38	-0.55	-0.32	-0.02	-0.14	0.08	0.24
Ebitda	0.68	0.77	0.83	0.98	0.74	0.97	0.98		0.73	0.6	0.82	-0.37	0.83	0.12	0.57	0.39	0.18	0.84	-0.34	-0.36	-0.64	-0.31	-0.14	-0.25	0.14	0.33
Cost Of Revenue	0.58	0.79	0.99	0.74	1.0	0.69	0.69	0.73		0.69	0.53	-0.41	0.72	-0.04	0.82	0.56	0.01	0.6	-0.41	-0.26	-0.77	-0.46	-0.21	-0.27	0.51	0.34
Total Operating Expenses	0.72	0.71	0.71	0.62	0.73	0.49	0.51	0.6	0.69		0.27	-0.49	0.36	-0.15	0.92	0.42	-0.23	0.29	0.06	-0.4	-0.73	-0.5	-0.14	-0.22	0.45	0.33
Income Before Tax	0.31	0.54	0.63	0.84	0.52	0.87	0.87	0.82	0.53	0.27		0.11	0.88	0.33	0.22	0.4	0.38	0.85	-0.57	-0.04	-0.35	-0.15	0.0	-0.19	-0.12	-0.05
Total Other Income Expense Net	-0.37	-0.25	-0.4	-0.28	-0.42	-0.37	-0.33	-0.37	-0.41	-0.49	0.11		0.0	0.07	-0.54	0.26	0.34	0.04	-0.21	0.79	0.31	0.46	0.06	-0.16	-0.6	-0.67
Net Income	0.52	0.74	0.79	0.84	0.71	0.83	0.83	0.83	0.72	0.36	0.88	0.0		-0.08	0.39	0.56	0.35	0.93	-0.62	-0.04	-0.55	-0.2	-0.38	-0.41	0.07	0.06
Income Tax Expense	-0.4	-0.18	0.01	0.16	-0.05	0.2	0.24	0.12	-0.04	-0.15	0.33	0.07	-0.08		-0.17	-0.09	0.2	-0.07	-0.03	-0.02	0.14	0.04	0.84	0.47	-0.28	-0.16
Research Development	0.73	0.74	0.8	0.58	0.84	0.46	0.47	0.57	0.82	0.92	0.22	-0.54	0.39	-0.17		0.46	-0.33	0.3	0.01	-0.33	-0.75	-0.54	-0.23	-0.28	0.66	0.42
Selling General Administrative	0.54	0.78	0.58	0.53	0.56	0.24	0.31	0.39	0.56	0.42	0.4	0.26	0.56	-0.09	0.46		0.3	0.41	-0.06	0.5	-0.68	0.24	-0.25	-0.37	-0.08	-0.08
Extraordinary Items	-0.22	0.14	0.08	0.27	-0.01	0.21	0.27	0.18	0.01	-0.23	0.38	0.34	0.35	0.2	-0.33	0.3		0.32	-0.24	0.26	0.02	0.47	0.22	0.33	-0.75	-0.56
Net Income From Continuing Ops	0.5	0.6	0.69	0.82	0.59	0.83	0.84	0.84	0.6	0.29	0.85	0.04	0.93	-0.07	0.3	0.41	0.32		-0.58	-0.04	-0.5	-0.19	-0.35	-0.41	0.01	0.05
Non Recurring	0.08	-0.15	-0.39	-0.26	-0.38	-0.45	-0.41	-0.34	-0.41	0.06	-0.57	-0.21	-0.62	-0.03	0.01	-0.06	-0.24	-0.58		0.17	0.05	0.45	0.13	0.38	-0.07	0.2
Non Operating Income Net Other	-0.14	-0.07	-0.26	-0.21	-0.27	-0.43	-0.38	-0.36	-0.26	-0.4	-0.04	0.79	-0.04	-0.02	-0.33	0.5	0.26	-0.04	0.17		0.14	0.73	-0.03	-0.07	-0.44	-0.36
Discontinued Operations	-0.69	-0.81	-0.79	-0.68	-0.79	-0.51	-0.55	-0.64	-0.77	-0.73	-0.35	0.31	-0.55	0.14	-0.75	-0.68	0.02	-0.5	0.05	0.14		0.29	0.35	0.4	-0.36	-0.22
Minority Interest	-0.18	-0.15	-0.41	-0.19	-0.47	-0.35	-0.32	-0.31	-0.46	-0.5	-0.15	0.46	-0.2	0.04	-0.54	0.24	0.47	-0.19	0.45	0.73	0.29		0.12	0.32	-0.68	-0.16
Tax Provision	-0.51	-0.38	-0.2	-0.11	-0.21	-0.08	-0.02	-0.14	-0.21	-0.14	0.0	0.06	-0.38	0.84	-0.23	-0.25	0.22	-0.35	0.13	-0.03	0.35	0.12		0.63	-0.41	-0.14
Interest Income	-0.59	-0.45	-0.27	-0.2	-0.28	-0.16	-0.14	-0.25	-0.27	-0.22	-0.19	-0.16	-0.41	0.47	-0.28	-0.37	0.33	-0.41	0.38	-0.07	0.4	0.32	0.63		-0.29	-0.17
Net Interest Income	0.35	0.22	0.42	0.07	0.51	0.15	0.08	0.14	0.51	0.45	-0.12	-0.6	0.07	-0.28	0.66	-0.08	-0.75	0.01	-0.07	-0.44	-0.36	-0.68	-0.41	-0.29		0.5
Selling And Marketing Expenses	0.54	0.27	0.33	0.24	0.35	0.3	0.24	0.33	0.34	0.33	-0.05	-0.67	0.06	-0.16	0.42	-0.08	-0.56	0.05	0.2	-0.36	-0.22	-0.16	-0.14	-0.17	0.5

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Eastman Chemical Account Relationship Matchups

Eastman Chemical income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	611M	574M	538M	477M	498M	447.6M
Interest Expense	218M	210M	198M	182M	240M	123.4M
Total Revenue	9.3B	8.5B	10.5B	10.6B	9.2B	7.8B
Gross Profit	2.2B	2.0B	2.5B	2.1B	2.1B	1.8B
Other Operating Expenses	8.0B	7.4B	9.0B	9.4B	8.1B	6.8B
Operating Income	1.2B	968M	1.9B	1.3B	1.1B	892.5M
Ebit	1.6B	1.2B	968M	1.9B	1.1B	1.0B
Ebitda	1.9B	1.5B	2.4B	1.7B	1.6B	1.5B
Cost Of Revenue	7.0B	6.5B	8.0B	8.4B	7.1B	6.0B
Total Operating Expenses	925M	880M	1.0B	990M	966M	831.1M
Income Before Tax	902M	530M	1.1B	977M	1.1B	712.7M
Total Other Income Expense Net	(344M)	(438M)	(798M)	(277M)	(9M)	(9.5M)
Net Income	759M	478M	857M	793M	894M	532.9M
Income Tax Expense	140M	41M	215M	181M	191M	161.8M
Research Development	234M	226M	254M	264M	239M	210.0M
Selling General Administrative	691M	654M	383M	625M	768M	567.4M
Net Income Applicable To Common Shares	759M	478M	857M	793M	912.0M	672.7M
Net Income From Continuing Ops	762M	489M	867M	796M	587M	826.8M
Non Recurring	126M	227M	47M	52M	46.8M	70.1M
Minority Interest	3M	11M	(10M)	(3M)	(2M)	(1.9M)
Tax Provision	140M	41M	215M	181M	103M	113.1M
Net Interest Income	(218M)	(210M)	(198M)	(182M)	(211M)	(221.6M)
Reconciled Depreciation	611M	574M	538M	477M	497M	444.3M

Eastman Chemical Investors Sentiment

The influence of Eastman Chemical's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Eastman. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Eastman Chemical's public news can be used to forecast risks associated with an investment in Eastman. The trend in average sentiment can be used to explain how an investor holding Eastman can time the market purely based on public headlines and social activities around Eastman Chemical. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Eastman Chemical's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Eastman Chemical's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Eastman Chemical's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Eastman Chemical.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastman Chemical in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastman Chemical's short interest history, or implied volatility extrapolated from Eastman Chemical options trading.

Pair Trading with Eastman Chemical

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eastman Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eastman Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eastman Stock

0.91	DD	Dupont De Nemours Buyout Trend	Pair Corr
0.93	FF	FutureFuel Corp Earnings Call This Week	Pair Corr
0.75	ECVT	Ecovyst Earnings Call This Week	Pair Corr

Moving against Eastman Stock

0.71

WDFC

WD 40 Company Financial Report 8th of July 2024

Pair Corr

The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eastman Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eastman Chemical to buy it.

The correlation of Eastman Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Eastman Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:

How To Invest In Eastman

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Is Eastman Stock a good investment?

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What is Eastman Chemical's Net Worth?

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To learn how to invest in Eastman Stock, please use our How to Invest in Eastman Chemical guide.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for Eastman Stock analysis

When running Eastman Chemical's price analysis, check to measure Eastman Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eastman Chemical is operating at the current time. Most of Eastman Chemical's value examination focuses on studying past and present price action to predict the probability of Eastman Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastman Chemical's price. Additionally, you may evaluate how the addition of Eastman Chemical to your portfolios can decrease your overall portfolio volatility.

	Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk
	Fundamental Analysis View fundamental data based on most recent published financial statements
	Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Transaction History View history of all your transactions and understand their impact on performance

Is Eastman Chemical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eastman Chemical. If investors know Eastman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eastman Chemical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.241

Dividend Share

3.2

Earnings Share

7.76

Revenue Per Share

77.04

Quarterly Revenue Growth

(0.04)

The market value of Eastman Chemical is measured differently than its book value, which is the value of Eastman that is recorded on the company's balance sheet. Investors also form their own opinion of Eastman Chemical's value that differs from its market value or its book value, called intrinsic value, which is Eastman Chemical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eastman Chemical's market value can be influenced by many factors that don't directly affect Eastman Chemical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Eastman Chemical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastman Chemical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastman Chemical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Eastman Historical Income Statement

About Eastman Income Statement Analysis

Eastman Chemical Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Eastman Chemical income statement Correlations

Eastman Chemical Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eastman Chemical income statement Accounts

Eastman Chemical Investors Sentiment

Pair Trading with Eastman Chemical

Moving together with Eastman Stock

Moving against Eastman Stock

Complementary Tools for Eastman Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Ebit	+ 0.99	Operating Income
Ebitda	+ 0.98	Gross Profit
Ebitda	+ 0.98	Ebit

Discontinued Operations	- 0.81	Interest Expense
Discontinued Operations	- 0.79	Other Operating Expenses
Discontinued Operations	- 0.79	Total Revenue
Discontinued Operations	- 0.77	Cost Of Revenue
Net Interest Income	- 0.75	Extraordinary Items
Discontinued Operations	- 0.75	Research Development