Eastman Kodak Company (KODK) financial statements (2020 and earlier)

Company profile

Business Address 343 STATE ST
ROCHESTER, NY 14650-0910
State of Incorp. NJ
Fiscal Year End December 31
SIC 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments233246344433547712
Cash and cash equivalents233246344433547712
Restricted cash and investments12     
Receivables208232282299365414
Inventory, net of allowances, customer advances and progress billings215236276236314349
Inventory215236276236314349
Disposal group, including discontinued operation2113 134214
Deferred tax assets    31
Other current assets365156182830
Other undisclosed current assets    22 
Total current assets:7068789581,1201,2781,550
Noncurrent Assets
Finance lease, right-of-use asset5
Operating lease, right-of-use asset49
Property, plant and equipment181246314298426524
Intangible assets, net (including goodwill)5972118172246278
Goodwill121232888896
Intangible assets, net (excluding goodwill)47608684158182
Restricted cash and investments451117364337
Estimated insurance recoveries212025   
Other noncurrent assets228144112115122129
Other undisclosed noncurrent assets121140163352338
Total noncurrent assets:7096337496568601,006
TOTAL ASSETS:1,4151,5111,7071,7762,1382,556
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities354362415390454584
Accounts payable153149198193195212
Accrued liabilities201213217197259372
Debt143964555
Disposal group, including discontinued operation 20 30  
Other undisclosed current liabilities     10
Total current liabilities:368778419425459599
Noncurrent Liabilities
Long-term debt and lease obligation1575399402675672
Long-term debt, excluding current maturities1095399402675672
Operating lease, liability48
Liabilities, other than long-term debt6095586688669011,436
Deferred revenue and credits   100
Accounts payable and accrued liabilities     252
Asset retirement obligations     53
Deferred tax liabilities, net    26
Liability, pension and other postretirement and postemployment benefits378379466600623662
Accrued environmental loss contingencies     19
Other liabilities231179202266278324
Other undisclosed noncurrent liabilities     (450)
Total noncurrent liabilities:7665631,0671,2681,5761,658
Total liabilities:1,1341,3411,4861,6932,0352,257
Stockholders' equity
Stockholders' equity attributable to parent99(3)57(73)78277
Treasury stock, value(9)(9)(9)(8)(5)(4)
Additional paid in capital604617631641633621
Accumulated other comprehensive loss(417)(411)(391)(438)(267)(136)
Accumulated deficit(79)(200)(174)(268)(283)(204)
Stockholders' equity attributable to noncontrolling interest    2522
Other undisclosed stockholders' equity182173    
Total stockholders' equity:28117057(73)103299
Other undisclosed liabilities and equity  164156  
TOTAL LIABILITIES AND EQUITY:1,4151,5111,7071,7762,1382,556

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2421,3251,5311,543  
Revenue, net1,5311,543  
Cost of revenue
(Cost of Goods and Services Sold)
(1,060)(1,144)(1,176)(1,160)  
Gross profit:182181355383  
Operating expenses(269)(290)(289)(227)(204)(112)
Other operating expense, net(15)(9)(28)(16)  
Other undisclosed operating loss  (56)   
Operating income (loss):(102)(118)(18)140(204)(112)
Nonoperating income (expense)(46)(17)37(4)(2)(16)
Foreign currency transaction loss, before tax    (2)(16)
Other nonoperating income (expense)(46)(17)37(4)  
Interest and debt expense(16)(9)(32)(64)  
Other undisclosed income from continuing operations before equity method investments, income taxes104131 6  
Income (loss) from continuing operations before income taxes:(60)(13)(13)78(206)(128)
Income tax expense (benefit)(31)4110(32)  
Other undisclosed loss from continuing operations  (1)   
Income (loss) from continuing operations:(91)(9)9646(206)(128)
Income (loss) from discontinued operations207(7)(2)(30)  
Net income (loss):116(16)9416(206)(128)
Net loss attributable to noncontrolling interest   (1)  
Net income (loss) available to common stockholders, diluted:116(16)9415(206)(128)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):116(16)9416(206)(128)
Other comprehensive income (loss)(12)(9)36(140)  
Comprehensive income (loss):104(25)130(124)(206)(128)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (1)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(11)11(31)  
Comprehensive income (loss), net of tax, attributable to parent:110(36)141(156)(206)(128)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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