Kodak 2014 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2014 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 156

  • 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

(in millions)
Predecessor
Company (a)
Reorganization
Adjustments
Fresh Start
Adjustments
Successor
Company
ASSETS
Current Assets
Cash and cash equivalents
$
1,070
$
(172
)
(1)
$
-
$
898
Restricted cash
24
98
(2)
-
122
Receivables, net
492
-
-
492
Inventories, net
435
-
67
(21)
502
Assets held for sale
109
-
8
(22)
117
Other current assets
77
8
(3)
(42
)
(23)
42
(1
)
(4)
Total current assets
2,207
(67
)
33
2,173
Property, plant & equipment, net
507
-
220
(24)
727
Goodwill
56
-
32
(25)
88
Intangible assets, net
43
-
192
(26)
235
Deferred income taxes
22
(21
)
(3)
55
(23)
56
Other long
-
term assets
202
15
(5)
(26
)
(27)
184
8
(6)
(8
)
(28)
(8
)
(7)
1
(29)
TOTAL ASSETS
$
3,037
$
(73
)
$
499
$
3,463
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade
$
317
$
6
(8)
$
-
$
339
3
(9)
13
(10)
Short
-
term borrowings and current portion of long
-
term debt
681
(641
)
(11)
-
44
4
(12)
Other current liabilities
600
(17
)
(13)
(8
)
(30)
586
(13
)
(3)
(14
)
(29)
38
(14)
Liabilities held for sale
45
-
(3
)
(22)
42
Total current liabilities
1,643
(607
)
(25
)
1,011
Long
-
term debt, net of current portion
370
(370
)
(15)
11
(31)
676
665
(16)
Pension and other postretirement liabilities
411
156
(17)
178
(29)
745
Other long
-
term liabilities
318
61
(17)
82
(23)
408
(53
)
(32)
Liabilities subject to compromise
2,475
(2,475
)
(17)
-
-
Total liabilities
5,217
(2,570
)
193
2,840
Equity (Deficit)
Common stock (Successor)
-
-
(18)
-
-
Additional paid in capital (Successor)
-
540
(18)
73
(33)
613
Common stock (Predecessor)
978
(978
)
(19)
-
-
Additional paid in capital (Predecessor)
1,105
(1,105
)
(19)
-
-
Retained earnings (deficit)
2,446
(1,671
)
(20)
(775
)
(34)
-
Accumulated other comprehensive loss
(1,008
)
-
1,008
(34)
-
3,521
(3,214
)
306
613
Less: Treasury stock (Predecessor)
(5,711
)
5,711
(19)
-
-
Total Eastman Kodak Company shareholders' (deficit)
equity
(2,190
)
2,497
306
613
Noncontrolling interests
10
-
-
10
Total equity (deficit)
(2,180
)
2,497
306
623
TOTAL LIABILITIES AND EQUITY (DEFICIT)
$
3,037
$
(73
)
$
499
$
3,463
(a) On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP
Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27,
“
Discontinued Operations
”
for additional information.
114