Kodak 2008 Annual Report Download - page 55

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Eastman Kodak Company
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(in millions, except share and per share data)
As of December 31,
2008 2007
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 2,145 $ 2,947
Receivables, net 1,716 1,939
Inventories, net 948 943
Other current assets 195 224
Total current assets 5,004 6,053
Property, plant and equipment, net 1,551 1,811
Goodwill 896 1,657
Other long-term assets 1,728 4,138
TOTAL ASSETS $ 9,179 $ 13,659
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable and other current liabilities $ 3,267 $ 3,794
Short-term borrowings and current portion of long-term debt 51 308
Accrued income and other taxes 144 344
Total current liabilities 3,462 4,446
Long-term debt, net of current portion 1,252 1,289
Pension and other postretirement liabilities 2,382 3,444
Other long-term liabilities 1,122 1,451
Total liabilities 8,218 10,630
Commitments and Contingencies (Note 10)
SHAREHOLDERS’ EQUITY
Common stock, $2.50 par value, 950,000,000 shares authorized; 391,292,760
shares issued as of December 31, 2008 and 2007; 268,169,055 and 287,999,830
shares outstanding as of December 31, 2008 and 2007 978 978
Additional paid in capital 901 889
Retained earnings 5,879 6,474
Accumulated other comprehensive (loss) income (749) 452
7,009 8,793
Treasury stock, at cost;
123,123,705 shares as of December 31, 2008 and 103,292,930 shares as of
December 31, 2007 (6,048) (5,764)
Total shareholders’ equity 961 3,029
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 9,179 $ 13,659
The accompanying notes are an integral part of these consolidated financial statements.