XML 56 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Quarterly Sales and Earnings Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]

QUARTERLY SALES AND EARNINGS DATA (UNAUDITED)

 

(in millions, except per share data)

 

4th Qtr.

 

 

3rd Qtr.

 

 

2nd Qtr.

 

 

1st Qtr.

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenues from continuing operations

 

$

404

 

 

$

380

 

 

$

397

 

 

$

362

 

 

Gross profit from continuing operations

 

 

105

 

 

 

92

 

 

 

100

 

 

 

86

 

 

Earnings (loss) from continuing operations

 

 

12

 

(3)

 

22

 

 

 

16

 

 

 

(4

)

(2)

Loss from discontinued operations (4)

 

 

(1

)

 

 

(10

)

 

 

(8

)

 

 

(11

)

 

Net earnings (loss) attributable to Eastman Kodak Company

 

 

10

 

 

 

16

 

 

 

7

 

 

 

(18

)

 

Basic net earnings (loss) per share attributable to

   Eastman Kodak Company (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.19

 

 

$

0.62

 

 

$

0.36

 

 

$

(0.17

)

 

Discontinued operations

 

 

(0.02

)

 

 

(0.24

)

 

 

(0.19

)

 

 

(0.26

)

 

Total

 

$

0.17

 

 

$

0.38

 

 

$

0.17

 

 

$

(0.43

)

 

Diluted net earnings (loss) per share attributable to Eastman

   Kodak Company (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.18

 

 

$

0.60

 

 

$

0.35

 

 

$

(0.17

)

 

Discontinued operations

 

 

(0.02

)

 

 

(0.23

)

 

 

(0.19

)

 

 

(0.26

)

 

Total

 

$

0.16

 

 

$

0.37

 

 

$

0.16

 

 

$

(0.43

)

 

 

(in millions, except per share data)

 

4th Qtr.

 

 

3rd Qtr.

 

 

2nd Qtr.

 

 

1st Qtr.

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenues from continuing operations

 

$

439

 

 

$

425

 

 

$

434

 

 

$

411

 

 

Gross profit from continuing operations

 

 

117

 

 

 

94

 

 

 

84

 

 

 

83

 

 

Earnings (loss) from continuing operations

 

 

30

 

(1)

 

(6

)

 

 

(15

)

 

 

(37

)

 

Loss from discontinued operations (4)

 

 

(7

)

 

 

(15

)

 

 

(8

)

 

 

(17

)

 

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 (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.74

 

 

$

(0.17

)

 

$

(0.38

)

 

$

(0.97

)

 

Discontinued operations

 

 

(0.17

)

 

 

(0.36

)

 

 

(0.19

)

 

 

(0.41

)

 

Total

 

$

0.57

 

 

$

(0.53

)

 

$

(0.57

)

 

$

(1.38

)

 

 

(1)

Includes $16 million pre-tax benefit from the change in U.S. vacation benefits.

(2)

Includes an impairment charge of $20 million due to Kodak’s exit of its position in silver metal mesh touch screen development and $10 million in income representing net litigation proceeds.  Refer to Note 12, “Other Operating Expense, net in the Notes to Financial Statements.

(3)

Includes $15 million from the deconsolidation of RED.  Refer to Note 1, “Summary of Significant Accounting Policies – Basis of Consolidation” in the Notes to Financial Statements.

(4)

Refer to Note 26, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

(5)

EPS for each quarter is computed using the weighted-average number of shares outstanding during the quarter, while EPS for the year is computed using the weighted-average shares outstanding during the year.  Thus the sum of the EPS for each of the four quarters may not equal the EPS for the year.