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Table of Contents
EASTMAN KODAK COMPANY
(DEBTOR-IN-POSSESSION)
CONSOLIDATED STATEMENT OF OPERATIONS
(in millions, except per share data)
The accompanying notes are an integral part of these consolidated financial statements.
51
For the Year Ended December 31,
2012
2011
2010
Net sales
Products
$
3,441
$
4,238
$
4,316
Services
721
784
775
Licensing & royalties (Note 18)
(48
)
126
902
Total net sales
$
4,114
$
5,148
$
5,993
Cost of sales
Products
$
2,954
$
3,741
$
3,580
Services
569
609
590
Total cost of sales
$
3,523
$
4,350
$
4,170
Gross profit
$
591
$
798
$
1,823
Selling, general and administrative expenses
824
1,050
1,084
Research and development costs
207
235
249
Restructuring costs and other
228
118
69
Other operating (income) expenses, net
(95
)
(65
)
619
Loss from continuing operations before interest expense, other income (charges), net, reorganization items,
net and income taxes
(573
)
(540
)
(198
)
Interest expense (contractual interest for the year ended December 31, 2012 of $203)
158
155
148
Loss on early extinguishment of debt, net
7
—
102
Other income (charges), net
21
(4
)
23
Reorganization items, net
843
—
—
Loss from continuing operations before income taxes
(1,560
)
(699
)
(425
)
(Benefit) provision for income taxes
(257
)
8
110
Loss from continuing operations
(1,303
)
(707
)
(535
)
Loss from discontinued operations, net of income taxes
(76
)
(57
)
(152
)
NET LOSS ATTRIBUTABLE TO EASTMAN KODAK COMPANY
$
(1,379
)
$
(764
)
$
(687
)
Basic and diluted net loss per share attributable to Eastman Kodak Company common shareholders:
Continuing operations
$
(4.79
)
$
(2.63
)
$
(1.99
)
Discontinued operations
(0.28
)
(0.21
)
(0.57
)
Total
$
(5.07
)
$
(2.84
)
$
(2.56
)