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Financials
48
E A S T M A N฀ K OD A K ฀ C O M PA N Y
n฀Consolidated฀Statement฀of฀Financial฀Position
Eastman฀Kodak฀Company
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ At฀December฀31,฀
฀2004฀2003฀
(in฀millions,฀except฀share฀and฀per฀share฀data)฀ ฀฀ (Restated)
Assets
Current฀Assets
฀ ฀ Cash฀and฀cash฀equivalents฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $฀฀ 1,255฀฀฀฀฀฀฀฀฀฀฀฀ $฀฀ 1,250
฀ ฀ Receivables,฀net฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 2,544฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 2,327
฀ ฀ Inventories,฀net฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 1,158฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 1,078
฀ ฀ Deferred฀income฀taxes฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 556฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 596
฀ ฀ Other฀current฀assets฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 105฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 129
฀ ฀ Assets฀of฀discontinued฀operations฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 30฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 72
฀ ฀ ฀ Total฀current฀assets฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 5,648฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 5,452
฀ ฀ Property,฀plant฀and฀equipment,฀net฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 4,512฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 5,051
฀ ฀ Goodwill฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 1,446฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 1,349
฀ ฀ Other฀long-term฀assets฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 3,131฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 2,929
฀ ฀ Assets฀of฀discontinued฀operations฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 65
฀฀ ฀ ฀ Total฀Assets฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $฀ 14,737฀฀฀฀฀฀฀฀฀฀฀฀ $฀ 14,846
Liabilities฀and฀Shareholders’฀Equity
Current฀Liabilities
฀ ฀ Accounts฀payable฀and฀other฀current฀liabilities฀฀฀ $฀฀ 3,896฀฀฀฀฀฀฀฀฀฀฀฀฀ $฀฀ 3,630
฀ ฀ Short-term฀borrowings฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 469฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 946
฀ ฀ Accrued฀income฀taxes฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 625฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 643
฀ ฀ Liabilities฀of฀discontinued฀operations฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 36
฀฀ ฀ ฀ Total฀current฀liabilities฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 4,990฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 5,255
฀ ฀ Long-term฀debt,฀net฀of฀current฀portion฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 1,852฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 2,302
฀ ฀ Pension฀and฀other฀postretirement฀liabilities฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 3,338฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 3,374
฀ ฀ Other฀long-term฀liabilities฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 746฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 662
฀ ฀ Liabilities฀of฀discontinued฀operations฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ —฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 8
฀฀ ฀ ฀ Total฀liabilities฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 10,926฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 11,601
Commitments฀and฀Contingencies฀(Note฀11)
Shareholders’฀Equity
฀ ฀ Common฀stock,฀$2.50฀par฀value;฀฀
฀฀฀฀฀ ฀ 391,292,760฀shares฀issued฀in฀2004฀and฀2003;฀286,696,938฀and฀
฀฀฀฀฀฀ ฀ 286,580,671฀shares฀outstanding฀in฀2004฀and฀2003฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 978฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 978
฀ ฀ Additional฀paid฀in฀capital฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 850฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 850
฀ ฀ Retained฀earnings฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 7,922฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 7,515
฀ ฀ Accumulated฀other฀comprehensive฀loss฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ (90)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀฀ (238)
฀ ฀ Unearned฀restricted฀stock฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ (5)฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ (8)
฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 9,655฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 9,097
฀ ฀ Treasury฀stock,฀at฀cost
฀฀฀฀฀ ฀ 104,595,822฀shares฀in฀2004฀and฀104,712,089฀shares฀in฀2003฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 5,844฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 5,852
฀฀ ฀ Total฀shareholders’฀equity฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 3,811฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ ฀ 3,245
฀฀ ฀ Total฀Liabilities฀and฀Shareholders’฀Equity฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $฀ 14,737฀฀฀฀฀฀฀฀฀฀฀฀฀฀ $฀ 14,846
The฀accompanying฀notes฀are฀an฀integral฀part฀of฀these฀consolidated฀financial฀statements.