Kodak 2007 Annual Report Download - page 40

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CAUTIONARY STATEMENT PURSUANT TO SAFE HARBOR PROVISIONS OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements in this report may be forward-looking in nature, or “forward-looking statements” as defined in the United States Private Securities
Litigation Reform Act of 1995. For example, references to the Company’s expectations for growth, cash flow, taxes, portfolio expansion, seasonality of
CDG sales, cost of environmental compliance, results of litigation, cost of retirement related benefits, depreciation, asset impairments and savings from
restructuring are forward-looking statements.
Actual results may differ from those expressed or implied in forward-looking statements. In addition, any forward-looking statements represent the
Company’s estimates only as of the date they are made, and should not be relied upon as representing the Company’s estimates as of any subsequent
date. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to
do so, even if its estimates change. The forward-looking statements contained in this report are subject to a number of factors and uncertainties, including
the successful:
• execution of the digital growth and profitability strategies, business model and cash plan;
• implementation of the cost reduction programs;
• transition of certain financial processes and administrative functions to a global shared services model and the outsourcing of certain functions to
third parties;
• implementation of, and performance under, the debt management program, including compliance with the Company’s debt covenants;
• development and implementation of product go-to-market and e-commerce strategies;
• protection, enforcement and defense of the Company’s intellectual property, including defense of its products against the intellectual property chal-
lenges of others;
• execution of intellectual property licensing programs and other strategies;
• integration of the Company’s businesses to SAP, the Company’s enterprise system software;
• completion of various portfolio actions;
• reduction of inventories;
• integration of acquired businesses and consolidation of the Company’s subsidiary structure;
• improvement in manufacturing productivity and techniques;
• improvement in working capital management and cash conversion cycle;
• continued availability of essential components and services from concentrated sources of supply;
• improvement in supply chain efficiency and dependability; and
• implementation of the strategies designed to address the decline in the Company’s traditional businesses.
The forward-looking statements contained in this report are subject to the following additional risk factors:
• inherent unpredictability of currency fluctuations, commodity prices and raw material costs;
• competitive actions, including pricing;
• the Company’s ability to access capital markets;
• the nature and pace of technology evolution;
• changes to accounting rules and tax laws, as well as other factors which could impact the Company’s reported financial position or effective tax
rate;
• pension and other postretirement benefit cost factors such as actuarial assumptions, market performance, and employee retirement decisions;
• general economic, business, geo-political and regulatory conditions or unanticipated environmental liabilities or costs;
• changes in market growth;
• continued effectiveness of internal controls; and
• other factors and uncertainties disclosed from time to time in the Company’s filings with the Securities and Exchange Commission.
Any forward-looking statements in this report should be evaluated in light of these important factors and uncertainties.
SUMMARY OF OPERATING DATA
A summary of operating data for 2007 and for the four years prior is shown on page 98.