Eastman Historical Income Statement
| EMN Stock | USD 97.50 1.58 1.65% |
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.
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.
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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 5th 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. Add Fundamental
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.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.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Eastman Chemical. It is also known as Eastman Chemical overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.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 5th 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 |
Eastman Chemical income statement Correlations
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Eastman Chemical Account Relationship Matchups
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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 |
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 Report 7th of May 2024 | PairCorr |
| 0.93 | FF | FutureFuel Corp Earnings Call This Week | PairCorr |
| 0.74 | ECVT | Ecovyst | PairCorr |
Moving against Eastman Stock
| 0.7 | WDFC | WD 40 Company Financial Report 8th of July 2024 | PairCorr |
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.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.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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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.