Kodak 2013 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2013 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

Table of Contents
Contractual Obligations
The impact that contractual obligations are expected to have on Kodak’s cash flow in future periods is as follows:
PAGE 44
As of December 31, 2013
(in millions)
Total
2014
2015
2016
2017
2018
2019+
Long
-
term debt (1)
$
693
$
4
$
4
$
4
$
4
$
4
$
673
Interest payments on debt
401
65
64
64
64
64
80
Operating lease obligations
95
28
20
15
12
8
12
Purchase obligations (2)
81
61
11
3
2
2
2
Total (3) (4) (5)
$
1,270
$
158
$
99
$
86
$
82
$
78
$
767
(1) Represents the maturity values of Kodak’s long-term debt obligations as of December 31, 2013. Annual amounts represent minimum
mandatory principal payments. Starting in 2015 annual prepayments equal to a percentage of excess cash flow, as defined in each of the
term credit agreements, may be required. Other prepayments may be required upon the occurrence of certain events. Refer to Note 11,
“
Short
Term Borrowings and Long
-
Term Debt,
”
in the Notes to Financial Statements.
(2) Purchase obligations include agreements related to raw materials, supplies, production and administrative services, as well as marketing
and advertising, that are enforceable and legally binding on Kodak and that specify all significant terms, including: fixed or minimum
quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. Purchase
obligations exclude agreements that are cancelable without penalty. The terms of these agreements cover the next one to five years.
(3) Due to uncertainty regarding the completion of tax audits and possible outcomes, an estimate of the timing of payments related to
uncertain tax positions and interest cannot be made. See Note 17, “Income Taxes,” in the Notes to Financial Statements for additional
information regarding Kodak
s uncertain tax positions.
(4) Funding requirements for Kodak’s major defined benefit retirement plans and other postretirement benefit plans have not been
determined, therefore, they have not been included.
(5) Because timing of their future cash outflows are uncertain, the other long-term liabilities presented in Note 10, “Other Long-Term
Liabilities,
”
in the Notes to Financial Statements are excluded from this table.