Kodak 2001 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2001 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

52
Accumulated
Additional Other
Common Paid In Retained Comprehensive Treasury
(in millions, except share and per share data) Stock* Capital Earnings Income (Loss) Stock Total
Shareholders’ Equity December 31, 1998 $ 978 $ 902 $ 6,163 $ (111) $ (3,944) $ 3,988
Net earnings – – 1,392 – – 1,392
Other comprehensive income (loss):
Unrealized gains on available-for-sale securities
($115 million pre-tax) – – – 83 – 83
Reclassification adjustment for gains on available-for-sale
securities included in net earnings ($20 million pre-tax) – – – (13) – (13)
Currency translation adjustments – – – (118) – (118)
Minimum pension liability adjustment ($26 million pre-tax) – – – 14 – 14
Other comprehensive loss – – – (34) – (34)
Comprehensive income – – – – – 1,358
Cash dividends declared ($1.76 per common share) – – (560) – – (560)
Treasury stock repurchased (13,482,648 shares) – – – – (925) (925)
Treasury stock issued under employee plans (1,105,220 shares) – (24) – – 64 40
Tax reductions - employee plans – 11 – – – 11
Shareholders’ Equity December 31, 1999 978 889 6,995 (145) (4,805) 3,912
Net earnings – – 1,407 – – 1,407
Other comprehensive income (loss):
Unrealized losses on available-for-sale securities
($77 million pre-tax) – – – (48) – (48)
Reclassification adjustment for gains on available-for-sale
securities included in net earnings ($94 million pre-tax) – – – (58) – (58)
Unrealized loss arising from hedging activity ($55 million pre-tax) – – – (34) – (34)
Reclassification adjustment for hedging related gains included
in net earnings ($6 million pre-tax) – – – (4) – (4)
Currency translation adjustments – – – (194) – (194)
Minimum pension liability adjustment ($2 million pre-tax) – – – 1 – 1
Other comprehensive loss – – – (337) – (337)
Comprehensive income – – – – – 1,070
Cash dividends declared ($1.76 per common share) – – (533) – – (533)
Treasury stock repurchased (21,575,536 shares) – – – – (1,099) (1,099)
Treasury stock issued under employee plans (1,638,872 shares) – (33) – – 96 63
Tax reductions - employee plans – 15 – – – 15
Shareholders’ Equity December 31, 2000 978 871 7,869 (482) (5,808) 3,428
Net earnings ––76––76
Other comprehensive income (loss):
Unrealized losses on available-for-sale securities
($34 million pre-tax) –––(21) – (21)
Reclassification adjustment for gains on available-for-sale
securities included in net earnings ($13 million pre-tax) –––8–8
Unrealized gain arising from hedging activity ($6 million pre-tax) –––4–4
Reclassification adjustment for hedging related losses
included in net earnings ($48 million pre-tax) –––29–29
Currency translation adjustments –––(98) – (98)
Minimum pension liability adjustment ($60 million pre-tax) –––(37) – (37)
Other comprehensive loss –––(115) – (115)
Comprehensive loss –––––(39)
Cash dividends declared ($2.21 per common share) ––(514) – – (514)
Treasury stock repurchased (947,670 shares) ––––(41) (41)
Treasury stock issued under employee plans (1,393,105 shares) –(25) – – 82 57
Tax reductions - employee plans –3–––3
Shareholders’ Equity December 31, 2001 $978 $ 849 $ 7,431 $ (597) $ (5,767) $ 2,894
* There are 100 million shares of $10 par value preferred stock authorized, none of which have been issued.
The accompanying notes are an integral part of these consolidated financial statements.
Eastman Kodak Company and Subsidiary Companies
Consolidated Statement of Shareholders’ Equity