Eastman Chemical Reports $9.76B FY23 Revenue in 10-K Filing

TL;DR

**Eastman Chemical just dropped its 10-K, showing $9.76 billion in revenue for FY23!**

AI Summary

EASTMAN CHEMICAL CO filed its 10-K on February 14, 2024, reporting revenues of $9,763,114,627 for the fiscal year ended December 31, 2023. The filing also indicates current accounts payable and accrued liabilities of $117,343,761. The company, incorporated in Delaware, operates under CIK 0000915389.

Why It Matters

This filing provides a comprehensive overview of Eastman Chemical's financial performance, revealing its top-line revenue for the past fiscal year. It offers investors and analysts crucial data points for evaluating the company's operational health and market position.

Risk Assessment

Risk Level: medium — As a large public company in the chemical manufacturing sector, Eastman Chemical faces typical market, operational, and regulatory risks inherent to its industry.

Key Numbers

• $9.76B — FY2023 Revenue (Indicates the company's top-line performance for the year.)
• $117.34M — Accounts Payable & Accrued Liabilities Current (Reflects short-term financial obligations at year-end.)

Key Players & Entities

• EASTMAN CHEMICAL CO (company) — filer
• $9,763,114,627 (dollar_amount) — FY2023 Revenue
• December 31, 2023 (date) — Fiscal Year End
• February 14, 2024 (date) — Filing Date
• $117,343,761 (dollar_amount) — Accounts Payable and Accrued Liabilities Current

FAQ

From the Filing

0000915389-24-000016.txt : 20240214 0000915389-24-000016.hdr.sgml : 20240214 20240214131532 ACCESSION NUMBER: 0000915389-24-000016 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 112 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EASTMAN CHEMICAL CO CENTRAL INDEX KEY: 0000915389 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 621539359 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12626 FILM NUMBER: 24635394 BUSINESS ADDRESS: STREET 1: PO BOX 511 STREET 2: 200 SOUTH WILCOX DRIVE CITY: KINGSPORT STATE: TN ZIP: 37660 BUSINESS PHONE: 4232292000 MAIL ADDRESS: STREET 1: P O BOX 511 B-54D CITY: KINGSPORT STATE: TN ZIP: 37662 10-K 1 emn-20231231.htm 10-K emn-20231231 0000915389 FALSE --12-31 117,343,761 2023 FY 9,763,114,627 http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#GainLossOnSaleOfBusiness http://fasb.org/us-gaap/2023#GainLossOnSaleOfBusiness — 0 — 4.700 — — 4.900 — http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent 61 75 76 90 91 105 106 121 10 Percentage of Total Segment Sales Product Lines 2023 2022 2021 Advanced Interlayers 34% 29% 29% Performance Films 21% 20% 20% Specialty Plastics 45% 51% 51% Total 100% 100% 100% Percentage of Total Segment Sales Product Lines 2023 2022 2021 Functional Amines 18% 20% 20% Care Additives 37% 38% 34% Coatings Additives 27% 26% 30% Specialty Fluids 18% 16% 16% Total 100% 100% 100% Percentage of Total Segment Sales Product Lines 2023 2022 2021 Intermediates 78% 77% 76% Plasticizers 22% 23% 24% Total 100% 100% 100% Percentage of Total Segment Sales Product Lines 2023 2022 2021 Acetate Tow 70% 64% 64% Acetate Yarn 11% 14% 14% Acetyl Chemical Products 14% 16% 16% Nonwovens 5% 6% 6% Total 100% 100% 100% Percentage of Total Segment Sales Sales by Customer Location 2023 2022 2021 United States and Canada 32% 33% 30% Asia Pacific 35% 35% 38% Europe, Middle East, and Africa 27% 26% 27% Latin America 6% 6% 5% Total 100% 100% 100% Percentage of Total Segment Sales Sales by Customer Location 2023 2022 2021 United States and Canada 42% 41% 40% Asia Pacific 21% 22% 25% Europe, Middle East, and Africa 31% 30% 28% Latin America 6% 7% 7% Total 100% 100% 100% Percentage of Total Segment Sales Sales by Customer Location 2023 2022 2021 United States and Canada 71% 70% 71% Asia Pacific 8% 7% 8% Europe, Middle E