Kodak 2014 Annual Report Download - page 50

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EASTMAN KODAK COMPANY
CONSOLIDATED STATEMENT OF OPERATIONS
(in millions, except per share data)
The accompanying notes are an integral part of these consolidated financial statements.
Successor
Predecessor
Year Ended
December 31,
2014
Four Months
Ended
December 31,
2013
Eight Months
Ended
August 31,
2013
Year Ended
December 31,
2012
Revenues
Sales
$
1,724
$
674
$
1,263
$
2,265
Services
378
133
279
454
Total net revenues
2,102
807
1,542
2,719
Cost of revenues
Sales
1,362
581
955
2,039
Services
284
106
219
387
Total cost of revenues
1,646
687
1,174
2,426
Gross profit
456
120
368
293
Selling, general and administrative expenses
310
114
297
637
Research and development costs
94
33
66
168
Restructuring costs and other
59
17
43
215
Other operating expense (income), net
9
2
(495
)
(85
)
(Loss) earnings from continuing operations before interest expense, loss on early
extinguishment of debt, net, other (charges) income, net, reorganization items, net and
income taxes
(16
)
(46
)
457
(642
)
Interest expense
62
22
106
139
Loss on early extinguishment of debt, net
-
-
8
7
Other (charges) income, net
(21
)
10
(13
)
21
Reorganization items, net
13
16
(2,026
)
843
(Loss) earnings from continuing operations before income taxes
(112
)
(74
)
2,356
(1,610
)
Provision (benefit) for income taxes
10
8
155
(273
)
(Loss) earnings from continuing operations
(122
)
(82
)
2,201
(1,337
)
Earnings (loss) from discontinued operations, net of income taxes
4
4
(135
)
(42
)
NET (LOSS) EARNINGS
(118
)
(78
)
2,066
(1,379
)
Less: Net income attributable to noncontrolling interests
5
3
-
-
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY
$
(123
)
$
(81
)
$
2,066
$
(1,379
)
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company
common shareholders:
Continuing operations
$
(3.05
)
$
(2.04
)
$
8.08
$
(4.92
)
Discontinued operations
0.10
0.10
(0.50
)
(0.15
)
Total
$
(2.95
)
$
(1.94
)
$
7.58
$
(5.07
)
Number of common shares used in basic and diluted (loss) earnings per share
41.7
41.7
272.7
271.8
47