Kodak 2005 Annual Report Download - page 49

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47
2005
The Company’s results from continuing operations for the year included the following:
Charges of $1,118 million ($1,020 million after tax) related to focused cost reductions implemented primarily under the 2004-2007 Restructuring
Program. See further discussion in the Restructuring Costs and Other section of Management’s Discussion and Analysis of Financial Condition and
Results of Operations (MD&A) and Note 16, “Restructuring Costs and Other.”
Net charges of $52 million ($38 million after tax) related to purchased in-process R&D incurred in the second quarter (adjusted for credits of
$12 million ($2 million after tax) in the third quarter) related to the acquisitions of KPG and Creo.
Charges of $44 million ($35 million after tax) related to a $19 million impairment of the investment in Lucky Film and a $25 million ($16 million after
tax) asset impairment.
Charges of $21 million ($21 million after tax) related to unfavorable legal settlements.
Other income of $41 million ($39 million after tax) related to the gain on the sale of properties in connection with restructuring actions.
Income tax charges of $6 million related to a change in estimate with respect to a tax benefi t recorded in connection with a land donation.
2004
The Company’s results from continuing operations for the year included the following:
Charges of $889 million ($620 million after tax) related to focused cost reductions implemented primarily under the Third Quarter, 2003
Restructuring Program and 2004-2007 Restructuring Program. See further discussion in the Restructuring Costs and Other section of MD&A and
Note 16, “Restructuring Costs and Other.”
Charges of $12 million ($7 million after tax), including $2 million ($1 million after tax) for inventory write-downs and $10 million ($6 million after tax)
for the write-off of fi xed assets related to Kodak’s historical ownership interest in the NexPress joint venture in connection with the acquisition of the
NexPress-related entities incurred in the second and fourth quarters.
Charges of $15 million ($10 million after tax) related to purchased in-process R&D incurred in the fi rst and third quarters.
Charges of $6 million ($4 million after tax) related to a legal settlement.
Other income of $101 million ($63 million after tax) related to two favorable legal settlements.
Income tax charges of $31 million related to valuation allowances for restructuring related deferred tax assets.
2003
The Company’s results from continuing operations for the year included the following:
Charges of $552 million ($396 million after tax) related to focused cost reductions implemented primarily under the First Quarter, 2003 Restructuring
Program and the Third Quarter, 2003 Restructuring Program. See further discussion in the Restructuring Costs and Other section of MD&A and Note
16, “Restructuring Costs and Other.”
Charges of $16 million ($10 million after tax) related to venture investment impairments and other asset write-offs incurred in the second and fourth
quarters. See MD&A and Note 7, “Investments,” for further discussion of venture investment impairments.
Charges of $31 million ($19 million after tax), including $21 million ($13 million after tax) in the fi rst quarter and $10 million ($6 million after tax) in
the fourth quarter, related to purchased in-process R&D.
Charges of $14 million ($9 million after tax) connected with the settlement of a patent infringement claim.
Charges of $12 million ($7 million after tax) related to an intellectual property settlement.
Charges of $14 million ($9 million after tax) connected with the settlement of certain issues relating to a prior-year acquisition.
Charges of $8 million ($5 million after tax) for a donation to a technology enterprise.
Charges of $8 million ($5 million after tax) for legal settlements.
Reversal of $9 million ($6 million after tax) for an environmental reserve.
Income tax benefi ts of $13 million, which included tax benefi ts related to the donation of patents in the fi rst and fourth quarters, amounting to
$8 million and $5 million, respectively.