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Financials
50
E A S T M A N฀ K OD A K ฀ C O M PA N Y
฀ ฀ ฀ ฀ 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,฀2002฀฀฀฀฀฀฀฀฀฀฀฀ $฀ 978฀฀฀฀฀฀฀฀฀ $฀฀ 849฀฀฀฀฀฀฀฀฀฀$฀฀7,611฀฀ $฀ (771)฀฀฀ $฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀ $฀(5,890)฀฀ $฀ 2,777
Net฀earnings฀(Restated)฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀253฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀ ฀ 253฀
Other฀comprehensive฀income฀(loss):
฀฀฀ Unrealized฀gains฀on฀available-for-sale
฀฀฀฀ ฀ securities฀($18฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 11฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀ ฀ 11
฀ Unrealized฀losses฀arising฀from฀
฀฀฀฀ ฀ hedging฀activity฀($42฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀ ฀ (25)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀ ฀ (25)
฀ Reclassification฀adjustment฀for฀hedging฀
฀฀฀฀ ฀ related฀gains฀included฀in฀net฀earnings฀
฀฀฀฀ ฀ ($29฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀ ฀ 19฀฀ ฀ —฀฀ ฀ —฀ ฀ 19฀
฀฀฀ Currency฀translation฀adjustments฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 406฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀ ฀ 406฀
฀฀฀ Minimum฀pension฀liability฀adjustment฀
฀฀฀฀ ฀ ($167฀million฀pre-tax)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 122฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀ ฀ 122฀
฀ Other฀comprehensive฀income฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 533฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀ ฀ 533฀ ฀
Comprehensive฀income฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀ ฀ 786
Cash฀dividends฀declared฀
฀ ($1.15฀per฀common฀share)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (330)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀ ฀ (330)฀
Treasury฀stock฀issued฀for฀stock฀option฀฀฀฀฀
฀฀ exercises฀(337,940฀shares)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀(10)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 21฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀11
Unearned฀restricted฀stock฀issuances฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (9)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ (8)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 17฀฀฀฀฀฀฀฀฀ —฀ ฀
฀฀ (309,552฀shares)
Tax฀reductions฀-฀employee฀plans฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ 1฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀—฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀—฀฀฀ ฀ 1฀ ฀
Shareholders’฀Equity฀
฀ December฀31,฀2003฀(Restated)฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $฀ 978฀฀฀฀฀฀฀฀฀ ฀$฀฀ 850฀฀฀฀฀฀฀฀฀ $฀฀7,515฀฀ $฀ (238)฀฀฀ $฀ (8)฀฀฀฀฀฀฀฀ $฀ (5,852)฀฀ $฀ 3,245฀
n฀Consolidated฀Statement฀of฀Shareholders’฀Equity฀Continued
Eastman฀Kodak฀Company