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Table of Contents
RESULTS OF OPERATIONS—CONTINUING OPERATIONS
CONSOLIDATED
34
For the Year Ended
December 31,
(dollars in millions)
2012
% of
Sales
%
Change
2011
% of
Sales
%
Change
2010
% of
Sales
Net sales
$
4,114
-
20
%
$
5,148
-
14
%
$
5,993
Cost of sales
3,523
-
19
%
4,350
4
%
4,170
Gross profit
591
14
%
-
26
%
798
16
%
-
56
%
1,823
30
%
Selling, general and administrative expenses
824
20
%
-
22
%
1,050
20
%
-
3
%
1,084
18
%
Research and development costs
207
5
%
-
12
%
235
5
%
-
6
%
249
4
%
Restructuring costs and other
228
93
%
118
71
%
69
Other operating (income) expenses, net
(95
)
46
%
(65
)
111
%
619
Loss from continuing operations before interest expense, other
income (charges), net, reorganization items, net, and
income taxes
(573
)
-
14
%
(540
)
-
10
%
(198
)
-
3
%
Interest expense
158
2
%
155
5
%
148
Loss on early extinguishment of debt, net
7
—
102
Other income (charges), net
21
625
%
(4
)
-
117
%
23
Reorganization items, net
843
—
—
Loss from continuing operations before income taxes
(1,560
)
-
123
%
(699
)
-
64
%
(425
)
(Benefit) provision for income taxes
(257
)
3313
%
8
93
%
110
Loss from continuing operations
(1,303
)
-
32
%
-
84
%
(707
)
-
14
%
-
32
%
(535
)
-
9
%
Loss from discontinued operations, net of income taxes
(76
)
(57
)
(152
)
NET LOSS ATTRIBUTABLE TO EASTMAN KODAK
COMPANY
$
(1,379
)
-
80
%
$
(764
)
-
11
%
$
(687
)
For the Year Ended
December 31,
Change vs. 2011
2012
Amount
Change vs.
2011
Volume
Price/
Mix
Foreign
Exchange
Manufacturing
and Other Costs
Total net sales
$
4,114
-
20
%
-
15
%
-
3
%
-
2
%
n/a
Gross profit margin
14
%
-
2pp
n/a
1pp
-
1pp
-
2pp
For the Year Ended
December 31,
Change vs. 2010
2011
Amount
Change vs.
2010
Volume
Price/
Mix
Foreign
Exchange
Manufacturing
and Other Costs
Total net sales
$
5,148
-
14
%
-
1
%
-
15
%
2
%
n/a
Gross profit margin
16
%
-
14pp
n/a
-
12pp
0pp
-
2pp