Kodak 2011 Annual Report Download - page 61

Eastman Kodak Company
CONSOLIDATED STATEMENT OF CASH FLOWS
(in millions)
For the Year Ended December 31,
2011
2010
2009
Cash flows from operating activities:
Net loss
$
(764
)
$
(687
)
$
(209
)
Adjustments to reconcile to net cash provided by operating activities:
(Earnings) loss from discontinued operations, net of income taxes
(3
)
12
(17
)
Earnings from extraordinary items, net of income taxes
-
-
(6
)
Depreciation and amortization
294
378
427
Gain on sales of businesses/assets
(80
)
(8
)
(100
)
Loss on early extinguishment of debt, net
-
102
-
Non
-
cash restructuring and rationalization costs, asset impairments and
other charges
17
635
28
Provision (benefit) for deferred income taxes
12
(91
)
(99
)
Decrease in receivables
96
138
359
Decrease (increase) in inventories
131
(44
)
280
Decrease in liabilities excluding borrowings
(729
)
(584
)
(821
)
Other items, net
38
(70
)
22
Total adjustments
(224
)
468
73
Net cash used in continuing operations
(988
)
(219
)
(136
)
Net cash used in discontinued operations
(10
)
-
-
Net cash used in operating activities
(998
)
(219
)
(136
)
Cash flows from investing activities:
Additions to properties
(128
)
(149
)
(152
)
Proceeds from sales of businesses/assets
153
32
156
Acquisitions, net of cash acquired
(27
)
-
(17
)
(Funding) use of restricted cash and investment accounts
(22
)
1
(12
)
Marketable securities
-
sales
83
74
39
Marketable securities - purchases
(84
)
(70
)
(36
)
Net cash used in investing activities
(25
)
(112
)
(22
)
Cash flows from financing activities:
Proceeds from borrowings
412
503
712
Repayment of borrowings
(160
)
(565
)
(649
)
Debt issuance costs
(6
)
(12
)
(30
)
Net cash provided by (used in) financing activities
246
(74
)
33
Effect of exchange rate changes on cash
14
5
4
Net decrease in cash and cash equivalents
(763
)
(400
)
(121
)
Cash and cash equivalents, beginning of year
1,624
2,024
2,145
Cash and cash equivalents, end of year
$
861
$
1,624
$
2,024
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