Note 27: Condensed Combined Debtor-In-Possesion Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

(in millions)	For the Year Ended December 31, 2012
Net sales
Products	$	1,558
Services		356
Licensing & royalties		(48	)
Total net sales	$	1,866
Cost of sales
Products	$	1,627
Services		310
Total cost of sales	$	1,937
Gross profit (loss)	$	(71	)
Selling, general and administrative expenses		417
Research and development costs		172
Restructuring costs and other		143
Other operating (income) expenses, net		(38	)
Loss from continuing operations before interest expense, other income (charges), net, reorganization items, net and income taxes		(765	)
Interest expense (contractual interest for the year ended December 31, 2012 of $193)		148
Loss on early extinguishment of debt, net		7
Other income (charges), net		34
Reorganization items, net		843
Loss from continuing operations before income taxes		(1,729	)
Benefit for income taxes		(369	)
Loss from continuing operations		(1,360	)
Loss from discontinued operations, net of income taxes		(47	)
NET LOSS ATTRIBUTABLE TO DEBTOR ENTITIES		(1,407	)
Equity in earnings of non-filing entities, net of tax		28
NET LOSS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(1,379	)

(in millions)	For the Year Ended Decemeber 31, 2012
NET LOSS ATTRIBUTABLE TO DEBTOR ENTITIES	$	(1,407	)
Other comprehensive income (loss), net of tax:
Realized and unrealized losses from hedging activity, net of tax $2		(1	)
Reclassification adjustment for hedging-related gains included in net earnings, net of tax of $1		5
Unrealized gain from investment, net of tax of $0 for the year ended December 31, 2012		-
Currency translation adjustments		1
Pension and other postretirement benefit plan obligation activity, net of tax of $255 for the year ended December 31, 2012		434
Total comprehensive loss, net of tax	$	(968	)

(in millions)	For the Year Ended December 31, 2012
Retained earnings at beginning of period	$	4,849
Net loss		(1,379	)
Loss from issuance of treasury stock		(92	)
Retained earnings at end of period	$	3,378

(in millions) ASSETS	As of December 31, 2012
Current Assets
Cash and cash equivalents	$	337
Receivables, net		201
Receivables and advances from non-filing entities, net		159
Inventories, net		285
Deferred income taxes		34
Other current assets		19
Total current assets		1,035
Property, plant and equipment, net of accumulated depreciation of $3,294		426
Goodwill		144
Investment in non-filing entities		1,964
Other long-term assets		17
TOTAL ASSETS	$	3,586
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade	$	192
Short-term borrowings and current portion of long-term debt		659
Accrued income and other taxes		5
Other current liabilities		488
Total current liabilities		1,344
Long-term debt, net of current portion		740
Other long-term liabilities		293
Liabilities subject to compromise		2,909
Total Liabilities		5,286
Equity (Deficit)
Common stock, $2.50 par value		978
Additional paid in capital		1,105
Retained earnings		3,378
Accumulated other comprehensive loss		(1,415	)
		4,046
Less: Treasury stock, at cost		(5,746	)
Total Eastman Kodak Company shareholders’ (deficit) equity		(1,700	)
Noncontrolling interests		-
Total (deficit) equity		(1,700	)
TOTAL LIABILITIES AND DEFICIT	$	3,586

(in millions)	For the Year Ended December 31, 2012
Cash flows from operating activities:
Net loss attributable to debtor entities	$	(1,407	)
Adjustments to reconcile to net cash used in operating activities:
Loss from discontinued operations, net of income taxes		47
Depreciation and amortization		150
Gain on sales of businesses/assets		(1	)
Loss on early extinguishment of debt		7
Non-cash restructuring costs, asset impairments and other charges		16
Non-cash reorganization items, net		717
Benefit for deferred income taxes		(18	)
Increase in receivables		(118	)
Decrease in inventories		12
Increase in liabilities excluding borrowings		120
Other items, net		101
Total adjustments		1,033
Net cash used in continuing operations		(374	)
Net cash provided by discontinued operations		8
Net cash used in operating activities		(366	)
Cash flows from investing activities:
Additions to properties		(27	)
Proceeds from sales of businesses/assets		9
Marketable securities - sales		95
Marketable securities - purchases		(91	)
Net cash used in continuing operations		(14	)
Net cash provided by discontinued operations		24
Net cash provided by investing activities		10
Cash flows from financing activities:
Proceeds from DIP credit agreement		686
Repayment of borrowings		(136	)
Reorganization items		(41	)
Net cash provided by financing activities		509
Net increase in cash and cash equivalents		153
Cash and cash equivalents, beginning of year		184
Cash and cash equivalents, end of year	$	337

(in millions)	As of December 31, 2012
Accounts payable	$	283
Debt		683
Pension obligations		785
Settlements		710
Payable and advances to non-filing entities		193
Other liabilities subject to compromise		255
Liabilities subject to compromise	$	2,909