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Consolidated Statement of Cash Flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net (loss) earnings $ (16) $ 94
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 73 80
Pension and other postretirement income (106) (119)
Change in fair value of embedded conversion features derivative liability [1]   (47)
Non-cash restructuring costs, asset impairments and other charges 13 89
Prosper asset remeasurement [2]   12
Stock based compensation 6 9
Non-cash changes in workers' compensation and legal reserves (11)  
Net gains on sales of businesses/assets (13) (8)
Provision (benefit) from deferred income taxes 18 (129)
Decrease in trade receivables 12 11
Increase in inventories (9) (4)
Decrease in trade accounts payable (31) (14)
Decrease in liabilities excluding borrowings (31) (37)
Other items, net 33 (4)
Total adjustments (46) (161)
Net cash used in operating activities (62) (67)
Cash flows from investing activities:    
Additions to properties (33) (38)
Net proceeds from sales of businesses/assets, net 11 13
Proceeds from sales of marketable securities   1
Net cash used in investing activities (22) (24)
Cash flows from financing activities:    
Repayment of emergence credit facilities   (7)
Preferred stock dividend payments (8) (10)
Payment of contingent consideration related to the sale of a business   (7)
Capital lease payments (3) (4)
Treasury stock purchases   (1)
Net cash used in financing activities (11) (29)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7) 11
Net decrease in cash and cash equivalents and restricted cash (102) (109)
Cash and cash equivalents and restricted cash, beginning of period 369 478
Cash and cash equivalents and restricted cash, end of period 267 369
Cash paid for interest and income taxes was:    
Interest, net of portion capitalized of $1 as of both December 31, 2018 and 2017. 28 31
Income taxes (net of refunds) $ (9) $ 18
[1] Refer to Note 13, “Financial Instruments”.
[2] In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.