Kodak 2015 Annual Report Download - page 75

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QUARTERLY SALES AND EARNINGS DATA (UNAUDITED)
(in millions, except per share data) 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
2015
Net revenues from continuing operations $ 467 $ 446 $ 458 $ 427
Gross profit from continuing operations 119 99 86 77
Earnings (loss) from continuing operations 23 (3) (13) (23) (54)
(Loss) earnings from discontinued operations (4) — (8) — —
Net earnings (loss) attributable to Eastman Kodak Company 24 (22) (24) (58)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations $ 0.57 $ (0.34) $ (0.57) $ (1.38)
Discontinued operations — (0.19) — —
Total $ 0.57 $ (0.53) $ (0.57) $ (1.38)
(in millions, except per share data) 4th Qtr. 3rd Qtr. 2nd Qtr. 1st Qtr.
2014
Net revenues from continuing operations $ 532 $ 568 $ 528 $ 488
Gross profit from continuing operations 109 156 102 89
(Loss) earnings from continuing operations (40) (2) 31 (1) (60) (53)
(Loss) earnings from discontinued operations (4) (1) (12) (2) 19
Net (loss) earnings attributable to Eastman Kodak Company (42) 17 (62) (36)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations $ (0.98) $ 0.70 $ (1.44) $ (1.32)
Discontinued operations (0.02) (0.29) (0.05) 0.46
Total $ (1.00) $ 0.41 $ (1.49) $ (0.86)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations $ (0.98) $ 0.67 $ (1.44) $ (1.32)
Discontinued operations (0.02) (0.28) (0.05) 0.46
Total $ (1.00) $ 0.39 $ (1.49) $ (0.86)
(1) Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.
(2) Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings
from continuing operations by $16 million.
(3) Includes $17 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $17 million.
(4) Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.
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