Kodak 2007 Annual Report Download - page 48
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47
n
For the Year Ended December 31,
(in millions) 2007 2006 2005
Cash flows from operating activities:
Net earnings (loss) $ 676 $ (601) $ (1,261)
Adjustments to reconcile to net cash provided by operating activities:
Earnings from discontinued operations, net of income taxes (881) (203) (451)
Loss from cumulative effect of accounting change, net of income taxes — — 55
Equity in earnings from unconsolidated affiliates — — (12)
Depreciation and amortization 785 1,195 1,291
Gain on sales of businesses/assets (157) (65) (78)
Purchased research and development — — 54
Non-cash restructuring costs, asset impairments and other charges 336 138 194
(Benefit) provision for deferred income taxes (107) (137) 237
Decrease in receivables 161 163 195
Decrease in inventories 108 292 273
(Decrease) increase in liabilities excluding borrowings (463) 122 (107)
Other items, net (107) (219) 332
Total adjustments (325) 1,286 1,983
Net cash provided by continuing operations 351 685 722
Net cash (used in) provided by discontinued operations (37) 271 486
Net cash provided by operating activities 314 956 1,208
Cash flows from investing activities:
Additions to properties (259) (335) (432)
Net proceeds from sales of businesses/assets 227 178 130
Acquisitions, net of cash acquired (2) (3) (984)
(Investments in) distributions from unconsolidated affiliates — (19) 34
Marketable securities - sales 166 133 182
Marketable securities - purchases (173) (135) (194)
Net cash used in continuing operations (41) (181) (1,264)
Net cash provided by (used in) discontinued operations 2,449 (44) (40)
Net cash provided by (used in) investing activities 2,408 (225) (1,304)
continued on next page
n
Eastman Ko dak Company
Consolidated Stat ement of Cash Flows