Kodak 2013 Annual Report Download - page 49
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Table of Contents
Operating Activities
Net cash used in operating activities decreased $736 million for the year ended December 31, 2012 as compared with the prior year, primarily
due to non-payment of pre-petition liabilities. Partially offsetting this improvement was the incremental payment of reorganization and
restructuring costs of approximately $195 million in the current year.
Investing Activities
Net cash provided by investing activities increased $50 million for the year ended December 31, 2012 as compared with the prior year, due to
decreases in 2012 capital expenditures of $59 million, as well as cash used for a business acquisition in 2011 of $27 million and the funding of
a restricted cash account of $22 million in 2011. Partially offsetting these cash improvements was a decrease in proceeds from the sales of
businesses/assets of $63 million.
Financing Activities
Net cash provided by financing activities increased $262 million for the year ended December 31, 2012 as compared with the prior year, due to
the net borrowing increase of $256 million in the current year, driven by the first quarter net borrowing increase, and the proceeds from the sale
and leaseback of a property in Mexico in the first quarter for approximately $41 million. Partially offsetting these increases was an increase in
reorganization items of $41 million.
Other
Refer to Note 12, “Commitments and Contingencies” in the Notes to Financial Statements for discussion regarding Kodak’s undiscounted
liabilities for environmental remediation costs, and other commitments and contingencies including legal matters.
PAGE 46