Kodak 2000 Annual Report Download - page 64

Note 18: Subsequent Events
On Febru a ry 7, 2001, the Company completed its acquisi-
tion of substantially all of the imaging businesses of Bell & Howell
C o m p a n y. The purchase price of this stock and asset acquisition
was $135 million in cash. The acquired units provide business
customers worldwide with maintenance for document imaging
components, micro g r a p h i c - related equipment, supplies, part s
and serv i c e .
Note 19: Quarterly S ales and Earnings Data—Unaudited
(in millions,
except per 4th 3 rd 2nd 1st
s h a re data) Q t r. Q t r. Q t r. Q t r.
2 0 0 0
S a l e s $3 , 5 6 0 $ 3 , 5 9 0 $ 3 , 7 4 9 $ 3 , 0 9 5
G ross pro f i t 1 , 3 2 7 1 , 6 0 3 1 , 7 0 6 1 , 3 3 9
Net earn i n g s 1 9 4( 1 ) 4 1 8( 1 ) 5 0 6( 1 ) 2 8 9( 1 )
Basic earnings
per share( 5 ) . 6 6 1 . 3 7 1 . 6 3 . 9 3
Diluted
e a rnings
per share( 5 ) . 6 6 1 . 3 6 1 . 6 2 . 9 3
1 9 9 9
S a l e s $ 3 , 7 9 9 $ 3 , 5 8 0 $ 3 , 6 1 0 $ 3 , 1 0 0
G ross pro f i t 1 , 6 5 4 1 , 4 9 3 1 , 7 2 4 1 , 2 3 1
Net earn i n g s 4 7 5( 2 ) 2 3 5( 3 ) 4 9 1 1 9 1( 4 )
Basic earnings
per share( 5 ) 1 . 5 1 . 7 4 1 . 5 4 . 5 9
Diluted
e a rnings
per share( 5 ) 1 . 5 0 . 7 3 1 . 5 2 . 5 9
( 1 ) Includes charges related to the sale and exit of a manufacturing facility of $11 mil-
lion, $12 million, $18 million, and $9 million, which reduced net earnings by
$7 million, $8 million, $12 million, and $6 million in the first, second, third and fourt h
q u a rters, re s p e c t i v e l y.
( 2 )Includes a gain of $95 million on the sale of The Image Bank, which increased net
e a rnings by $63 million; a gain of $25 million on the sale of the Motion Analysis
Systems Division, which increased net earnings by $16 million; and $11 million of
c h a rges related to the sale and exit of a manufacturing facility, which reduced net
e a rnings by $7 million.
( 3 ) Includes $350 million of re s t ructuring costs, which reduc ed net earnings by
$231 million.
( 4 )Includes $103 million of charges associated with business exits, which reduced net
e a rnings by $68 million.
( 5 )Each quarter is calculated as a discrete period and the sum of the four quarters may
not equal the full year amount.
(in millions) 2 0 0 0 1 9 9 9 1 9 9 8
D e p reciation expens e:
Consumer Imaging $3 6 8 $3 9 6 $ 4 0 1
Kodak Pro f e s s i o n a l 9 9 1 0 0 1 1 7
Health Imaging 9 2 8 2 5 1
Other Imaging 1 7 9 1 9 5 1 6 8
Consolidated total $7 3 8 $7 7 3 $ 7 3 7
Goodwill amortization:
Consumer Imaging $7 7 $9 4 $ 7 7
Kodak Pro f e s s i o n a l 1 3 1 3 1 0
Health Imaging 2 7 2 4 8
Other Imaging 3 4 1 4 2 1
Consolidated total $1 5 1 $1 4 5 $ 1 1 6
Capital additions:
Consumer Imaging $5 0 7 $7 2 5 $ 6 2 2
Kodak Pro f e s s i o n a l 1 2 3 1 4 7 1 4 3
Health Imaging 1 2 0 9 2 8 8
Other Imaging 1 9 5 1 6 3 2 5 5
Consolidated total $9 4 5 $1 , 1 2 7 $ 1 , 1 0 8
Sales to external customers
attributed to:( 2 )
The United States $6 , 8 0 0 $6 , 7 1 4 $ 6 , 4 1 7
E u rope, Middle East
and Africa 3 , 4 6 4 3 , 7 3 4 3 , 7 0 1
Asia Pacific 2 , 3 4 9 2 , 2 6 7 2 , 0 0 9
Canada and
Latin America 1 , 3 8 1 1 , 3 7 4 1 , 2 7 9
Consolidated total $1 3 , 9 9 4 $1 4 , 0 8 9 $ 1 3 , 4 0 6
Long-lived assets
located in:
The United States $3 , 9 1 3 $3 , 9 0 4 $ 4 , 0 4 4
E u rope, Middle East
and Africa 6 4 7 7 1 5 8 6 1
Asia Pacific 1 , 0 5 6 1 , 0 2 4 7 0 4
Canada and
Latin America 3 0 3 3 0 4 3 0 5
Consolidated total $5 , 9 1 9 $5 , 9 4 7 $ 5 , 9 1 4
( 2 ) Sales are re p o rted in the geographic area in which they originate.