Kodak 2006 Annual Report Download - page 67

0
n    
   
For the Year Ended December 31,
(in millions, except per share data) 2006 2005 2004
Net sales $ 13,274 $ 14,268 $ 13,517
Cost of goods sold 9,906 10,650 9,601
Gross profit 3,368 3,618 3,916
Selling, general and administrative expenses 2,389 2,668 2,491
Research and development costs 710 892 836
Restructuring costs and other 471 690 695
Loss from continuing operations before interest,
other income (charges), net and income taxes (202) (632) (106)
Interest expense 262 211 168
Other income (charges), net 118 44 161
Loss from continuing operations before income taxes (346) (799) (113)
Provision (benefit) for income taxes 254 555 (182)
(Loss) earnings from continuing operations $ (600) $ (1,354) $ 69
(Loss) earnings from discontinued operations, net of income taxes $ (1) $ 150 $ 475
Loss from cumulative effect of accounting change, net of income taxes $ — $ (57) $ —
Net (Loss) Earnings $ (601) $ (1,261) $ 544
Basic and diluted net (loss) earnings per share:
Continuing operations $ (2.09) $ (4.70) $ .24
Discontinued operations — .52 1.66
Cumulative effect of accounting change — (.20) —
Total $ (2.09) $ (4.38) $ 1.90
Cash dividends per share $ .50 $ .50 $ .50
The accompanying notes are an integral part of these consolidated financial statements.