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Eastman Chemical EMN Other Segments — Goodwill, Impairment Loss

Discontinued — last reported Q4 '19

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Other financials

Income statement

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Revenue$2.2B-4.9%
Gross profit$431.0M-24.0%
Net income$107.0M-41.2%
EPS (diluted)$0.93-40.8%

Balance sheet

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Cash & equivalents$665.0M+59.1%
Total debt$5.2B+4.0%
Total equity$6.0B+2.4%
Total assets$15.2B+1.7%

Cash flow

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Operating cash flow-$137.0M+18.0%
CapEx$103.0M-29.9%
Free cash flow-$240.0M+23.6%

Valuation

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Market cap$8.29B-14.2%
Enterprise value$12.84B-10.1%
P/E20.8×+10.3×
P/S-0.1×

Profitability

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Gross margin19.8%-5.1pp
Operating margin16%
Net margin4.6%-5.2pp
FCF margin5.8%-0.4pp

Returns & leverage

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Return on equity6.7%-9.4pp
Debt / equity0.9×0.0×
Current ratio1.5×-0.3×

Where this comes from

Reported directly by Eastman Chemical in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Eastman Chemical’s 10-K, filed February 22, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does other segments — goodwill, impairment loss mean?
A non-cash charge that reduces the recorded value of goodwill when an acquired business unit's fair value drops below its book value.
How do you interpret other segments — goodwill, impairment loss?
An increase indicates that the company has determined the assets within this segment are worth less than previously recorded, often signaling poor historical acquisition performance or deteriorating market conditions for those specific business lines.
How does other segments — goodwill, impairment loss compare across companies?
Peers in the specialty chemical industry typically report this under 'Impairment of Goodwill' or 'Asset Impairment Charges' within segment disclosures, with infrequent occurrences indicating stable portfolio management.