| 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 chemical
company which manufactures and sells a broad portfolio of chemicals, plastics,
and fibers. 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, as of December 31, 1993. Eastman has eleven
manufacturing sites in seven countries that supply chemicals, plastics, and
fibers products to customers throughout the world. The Company's headquarters
and largest manufacturing site are located in Kingsport, Tennessee.
In 2009, the Company had sales revenue of $5.0 billion and operating earnings of
$317 million. Earnings per diluted share were $1.85 in 2009. Included in 2009
operating earnings were asset impairments and restructuring charges of $200
million. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | 4.59 | 0.260 | 8.51 | | 09/2011 | 1.98 | NA | 17.26 | | 06/2011 | 1.95 | 0.235 | 26.17 | | 03/2011 | 3.42 | 0.235 | 14.52 | | 12/2010 | 2.88 | 0.235 | 14.62 | | 09/2010 | 2.63 | 0.220 | 14.07 | | 06/2010 | 2.16 | 0.220 | 12.35 | | 03/2010 | 1.60 | 0.220 | 19.96 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.53 | Total Liab/Total Assets | 0.73 | | Net Inc/Total Assets | 0.07 | Total Liab/Inv Cap | 0.89 | | Net Inc/Inv Cap | 0.09 | Total Liab/Comm Equity | -5.31 | | Pretax Inc/Net Sales | 0.11 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.07 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.10 | LTD/Equity | 0.98 | | SG&A/NetSales | 0.07 | Total Debt/Equity | 0.99 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 11.07 | Quick Ratio | 1.33 | | Inventory Turnover | 7.60 | Current Ratio | 1.91 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.33 | | Net Sales/Work Cap | 5.98 | Inv/Curr Assets | 0.30 | | Net Sales/PP&E | 1.80 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
1,812.00
|
1,885.00
|
1,758.00
|
1,463.00
|
|
Cost of Goods Sold
|
1,392.00
|
1,422.00
|
1,325.00
|
1,112.00
|
|
Selling & Admin Exps
|
116.00
|
121.00
|
113.00
|
120.00
|
|
Operating Income
|
256.00
|
318.00
|
284.00
|
161.00
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
238.00
|
306.00
|
271.00
|
21.00
|
|
Other Income
|
2.00
|
6.00
|
6.00
|
-116.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
165.00
|
211.00
|
220.00
|
19.00
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
649.00
|
634.00
|
640.00
|
516.00
|
|
Receivables - Total
|
806.00
|
884.00
|
888.00
|
676.00
|
|
Inventories - Total
|
850.00
|
748.00
|
675.00
|
619.00
|
|
Total Current Assets
|
2,354.00
|
2,508.00
|
2,434.00
|
2,047.00
|
|
Net Property, Plant & Equipment
|
3,058.00
|
2,919.00
|
2,886.00
|
3,242.00
|
|
Total Assets
|
6,183.00
|
6,114.00
|
6,009.00
|
5,986.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
1,047.00
|
1,037.00
|
1,048.00
|
1,012.00
|
|
Debt in Current Liabilities
|
154.00
|
155.00
|
7.00
|
6.00
|
|
Total Current Liabilities
|
1,201.00
|
1,192.00
|
1,055.00
|
1,070.00
|
|
Long-Term Debt
|
1,445.00
|
1,446.00
|
1,596.00
|
1,598.00
|
|
Total Liabilities
|
4,274.00
|
4,207.00
|
4,192.00
|
4,359.00
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
2.00
|
1.00
|
1.00
|
1.00
|
|
Retained Earnings
|
3,372.00
|
3,244.00
|
3,066.00
|
2,880.00
|
|
Treasury Stock
|
-1,906.00
|
-1,791.00
|
-1,688.00
|
-1,615.00
|
|
Total Stockholders' Equity
|
1,909.00
|
1,907.00
|
1,817.00
|
1,627.00
|
|
Total Liabilities and Stockholders' Equity
|
6,183.00
|
6,114.00
|
6,009.00
|
5,986.00
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
212.00
|
207.00
|
-146.00
|
278.00
|
|
Net Cash Provided by Investing Activities
|
-243.00
|
-80.00
|
307.00
|
-119.00
|
|
Net Cash Provided by Financing Activities
|
-156.00
|
-133.00
|
-37.00
|
-285.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 7,450.00 | 409.00 | 2.46 | | 12/2007 | 6,830.00 | 300.00 | 1.92 | | 12/2008 | 6,726.00 | 346.00 | 2.15 | | 12/2009 | 4,396.00 | 136.00 | 0.92 | | 12/2010 | 5,842.00 | 438.00 | 2.88 | | Growth Rates | -5.90 | 1.73 | 4.02 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 429 | 108,567 | 79.26 |
|
Report Date :
2/6/2012
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