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Financials
49
2 0 0 4 ฀ S U M M A R Y ฀ A N N U A L ฀ R E P O R T
฀฀฀฀฀฀฀฀฀฀฀฀ ฀ ฀ ฀ Accumulated฀฀฀฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ Additional฀฀ ฀ Other฀ Unearned฀฀฀฀฀฀฀฀
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ Common฀฀฀฀฀฀ Paid฀In฀฀฀฀฀฀฀฀ Retained฀฀฀฀฀฀ Comprehensive฀฀฀฀฀ Restricted฀฀฀฀฀ Treasury฀฀฀฀
(in฀millions,฀except฀share฀and฀per฀share฀data)฀ Stock*฀฀฀฀฀฀ Capital฀฀฀฀฀฀฀฀ Earnings฀฀฀฀฀฀ (Loss)฀Income฀฀฀฀฀฀฀฀฀฀ Stock฀฀฀฀฀฀฀฀฀฀฀฀฀ Stock฀฀฀฀฀฀฀฀฀฀฀฀Total
Shareholders’฀Equity฀December฀31,฀2001฀฀฀฀฀฀฀฀฀฀฀ $฀ 978฀฀฀฀฀฀฀฀฀ $฀฀ 849฀ $฀7,431฀ $฀ (597)฀ $฀฀฀฀฀ —฀฀฀฀ $฀(5,767)฀ $฀ 2,894
Net฀earnings฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ 770฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀ ฀ 770
Other฀comprehensive฀income฀(loss):
฀ Unrealized฀gains฀on฀available-for-sale
฀฀฀฀฀ securities฀($11฀million฀pre-tax)฀฀฀ ฀ —฀฀฀฀฀฀฀฀ ฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 6฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀ 6
฀ Unrealized฀losses฀arising฀from฀
฀฀฀฀฀ hedging฀activity฀($27฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (19)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ (19)
฀ Reclassification฀adjustment฀for฀hedging฀
฀฀฀฀฀ related฀gains฀included฀in฀net฀earnings฀
฀฀฀฀฀ ($24฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 15฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ 15฀
฀฀฀ Currency฀translation฀adjustments฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 218฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀ ฀ 218฀
฀฀฀ Minimum฀pension฀liability฀adjustment฀
฀฀฀ ฀ ($577฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (394)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀฀ ฀(394)฀
฀ Other฀comprehensive฀loss฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (174)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ (174)฀
Comprehensive฀income฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀ 596
Cash฀dividends฀declared฀
฀ ($1.80฀per฀common฀share)฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀(525)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀ ฀ (525)฀
Treasury฀stock฀repurchased฀
฀ (7,354,316฀shares)฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀ (260)฀฀฀ ฀ (260)฀
Treasury฀stock฀issued฀under฀employee฀plans฀฀
฀฀ (2,357,794฀shares)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (1)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀(65)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 137฀฀ ฀ 71
Tax฀reductions฀-฀employee฀plans฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀ ฀ 1฀ ฀
Shareholders’฀Equity฀December฀31,฀2002฀ $฀ 978฀฀฀฀฀฀฀฀ $฀฀ 849฀฀฀฀ $฀ 7,611฀ $฀ (771)฀ $฀฀฀฀฀ —฀฀฀฀฀฀฀฀ $฀(5,890)฀ $฀ 2,777
n฀Consolidated฀Statement฀of฀Shareholders’฀Equity
Eastman฀Kodak฀Company