Kodak 2004 Annual Report Download - page 96

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Financials
94
EASTMAN KODAK COMPANY
2004 2003 2002
(in millions) (Restated)
Segment total assets:
Digital & Film Imaging Systems $ 8,309 $ 8,890 $ 8,798
Health 2,647 2,598 2,011
Commercial Imaging 592 656 685
Graphic Communications 1,197 599 606
All Other 96 7 65
Total of segments 12,841 12,750 12,165
LIFO inventory reserve (330) (368) (392)
Cash and marketable securities 1,258 1,261 577
Deferred income tax assets 1,077 1,034 925
Assets of discontinued operations 30 137 115
Other corporate assets/(reserves) (139) 32 104
Consolidated total assets $ 14,737 $ 14,846 $ 13,494
Intangible asset amortization
expense from continuing
operations:
Digital & Film Imaging Systems $ 31 $ 17 $ 14
Health 24 11 7
Commercial Imaging — — —
Graphic Communications 12 — —
All Other — — —
Consolidated total $ 67 $ 28 $ 21
Depreciation expense from
continuing operations:
Digital & Film Imaging Systems $ 698 $ 656 $ 634
Health 149 108 107
Commercial Imaging 51 41 42
Graphic Communications 53 24 27
All Other 13 10 3
Consolidated total $ 964 $ 839 $ 813
Capital additions from continuing
operations:
Digital & Film Imaging Systems $ 307 $ 377 $ 408
Health 75 81 81
Commercial Imaging 21 24 46
Graphic Communications 29 9 32
All Other 28 6 4
Consolidated total $ 460 $ 497 $ 571
2004 2003 2002
(in millions) (Restated)
Net sales to external customers
attributed to (1):
The United States $ 5,756 $ 5,450 $ 5,722
Europe, Middle East and Africa 3,926 3,794 3,363
Asia Pacifi c 2,482 2,347 2,242
Canada and Latin America 1,353 1,318 1,222
Foreign countries total $ 7,761 $ 7,459 $ 6,827
Consolidated total $ 13,517 $ 12,909 $ 12,549
(1) Sales are reported in the geographic area in which they originate.
Property, plant and equipment, net located in:
The United States $ 2,838 $ 3,175 $ 3,459
Europe, Middle East and Africa 641 733 769
Asia Pacifi c 822 920 943
Canada and Latin America 211 223 207
Foreign countries total $ 1,674 $ 1,876 $ 1,919
Consolidated total $ 4,512 $ 5,051 $ 5,378
New Kodak Operating Model and Change in
Reporting Structure
As of and for the year ended December 31, 2004, the Company reported
fi nancial information for four reportable segments (Digital & Film Imag-
ing Systems, Health, Commercial Imaging, and Graphic Communications)
and All Other. However, in September of 2004, the Company announced
the realignment of its operations to accelerate growth in the commercial,
consumer and health markets. The move is designed to enhance the
Company’s operational performance and to accelerate profi table growth.
In connection with the realignment, the Company’s new reporting structure
will be implemented beginning in the fi rst quarter of 2005 as outlined
below:
Digital & Film Imaging Systems Segment (D&FIS):
Subsequent to the realignment, the D&FIS segment comprises the same
products and services as the current D&FIS segment with the addition of
aerial and industrial fi lm.
Health Segment: There were no changes to the Health segment.
Graphic Communications Segment: As of January 1, 2005,
the Graphic Communications segment is composed of Encad, Inc., Kodak
Versamark, the NexPress-related entities and Kodak Polychrome Graph-
ics (Kodak’s 50/50 joint venture with Sun Chemical), which includes the
graphics and wide-format inkjet businesses. In addition, high-speed docu-
ment scanners, microfi lm and worldwide service and support, as well as
business process services are included with Graphic Communications.