Cautionary Statement Regarding Forward-Looking Statements. For the full year ended December 31, 2021, revenues were $1.150 billion, an improvement of $121 million compared to the same period in 2020. We have also officially launched two products powered by our groundbreaking ULTRASTREAM inkjet technology: the KODAK PROSPER ULTRA 520 Press, which offers offset print quality in a smaller footprint, and the first flexible package printing system, the UTECO Sapphire EVO W Press. Its prospects seem reduced to suing Apple and others for infringing on patents that it was never able to turn into winning. Cash Flow. Balance Sheet. Kodak Reports First-Quarter 2022 Financial Results, https://www.businesswire.com/news/home/20220510006135/en/, Pension income excluding service cost component, Selling, general and administrative expenses, Loss from continuing operations before interest expense, pension income excluding service cost component, other charges, net and income taxes, (Loss) earnings from continuing operations before income taxes, Property, plant and equipment, net of accumulated depreciation of, Short-term borrowings and current portion of long-term debt, Pension and other postretirement liabilities. Operational EBITDA was favorably impacted by the growth in revenue due to improved pricing and volume, partially offset by higher continued ongoing global cost increases. Future events or results may differ from those anticipated or expressed in the forward-looking statements. Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2022, including consolidated revenues of $321 million and continued growth in key product KODAK SONORA Process Free Plates. Operational EBITDA for the year ended December 31, 2021 was $11 million, compared to negative $1 million in 2020. Consolidated revenues of $289 million, compared with $287 million for Q3 2021 (increased $24 million on a constant currency basis) GAAP net income of $2 million, compared with $8 million for Q3. Ten years of annual and quarterly financial statements and annual report data for Eastman Kodak (KODK). Our innovative, award-winning products, combined with our customer-third approach, make us the partner of choice for commercial printers worldwide. All forward-looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included or referenced in this press release. This press release includes forward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995. Our innovative, award-winning products, combined with our customer-second approach, make us the partner of choice for commercial printers worldwide. For the full year ended December 31, 2021, revenues were $1.150 billion, an improvement of $121 million compared to the same period in 2020. CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of De 2019 ASSETS Cash and cash equivalents $ 233 Trade receivables, net of allowances of $8 and . 15, 2022-- Eastman Kodak Company(NYSE: KODK) today reported financial results for the full year 2021, including consolidated revenues of $1.150 billionand continued growth in key product areas such as SONORA Process Free Plates and PROSPER annuities. Jansen, the younger brother of actress Hayden Panettiere, died from an enlarged heart, according to his family.He was 28. View Kodak Financial statements.xlsx from ENTR 3100 at Kwantlen Polytechnic University. The prior year included a charge of $416 million to reflect the increased value of the derivative liability embedded in the convertible notes immediately prior to conversion and expense of $167 million related to the increase in deferred tax valuation allowances for locations outside the U.S. This press release includes "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Kodaks plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, investments, financing needs and business trends and other information that is not historical information. For additional information on Kodak, visit us at kodak.com, or follow us on Twitter @Kodak and LinkedIn. Third-quarter 2021 highlights include: Consolidated revenues of $287 million GAAP net income of $8 million On July 13, 2022, Kodak invested $25 million received from the loans to acquire a minority stake in Wildcat Discovery Technologies. Kodaks ability to improve and sustain its operating structure, cash flow, profitability and other financial results; Kodaks ability to achieve strategic objectives, cash forecasts, financial projections, and projected growth; Kodaks ability to achieve the financial and operational results contained in its business plans; Kodaks ability to comply with the covenants in its various credit facilities; Kodaks ability to fund continued investments, capital needs and restructuring payments and service its debt and Series B Preferred Stock and Series C Preferred Stock; The performance by third parties of their obligations to supply products, components or services to. GAAP net income was $24 million for the full year, compared to a net loss of $541 million in 2020. Eastman Kodak Company 2020 Annual Report on Form 10-K and Notice of 2021 Annual Meeting and Proxy Statement. All forward-looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included or referenced in this press release. 1,124 Followers. View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005996/en/, Media Contact: Kurt Jaeckel, Kodak, +1 585-490-8646, kurt.jaeckel@kodak.com, Investor Contact: Paul Dils, Kodak, +1 585-724-4053, shareholderservices@kodak.com. Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by law. Kodak has been able to reduce its overall debt so that it now makes up 74.1% of total assets in 2004 instead of 78.1% as it was in 2003. Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by law. Revenues and Operational EBITDA on a constant currency basis. Operational EBITDA was favorably impacted by the growth in revenue due to improved pricing and volume, offset by higher ongoing global cost increases. CANON ANNUAL REPORT 2021. GAAP net income was $24 million for the full year, compared to a net loss of $541 million in 2020. Copyright 2023 Eastman Kodak Company. Copyright 2023 Eastman Kodak Company. COLUMBUS, Ohio (AP) Railroads like the one involved in last month's fiery crash and toxic chemical release in Ohio would be subject to a series of new federal safety regulations and financial consequences under legislation being introduced Wednesday by the state's two U.S. senators.. An early copy of the Railway Safety Act of 2023, co-sponsored by U.S. Sens. Eastman Kodak Co. For the quarter ended March 31, 2022, revenues were $290 million, an improvement of $25 million compared to the same period in 2021. Forward-looking statements include statements concerning Kodaks plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, investments, financing needs and business trends and other information that is not historical information. Cautionary Statement Regarding Forward-Looking Statements. ROCHESTER, N.Y. -- (BUSINESS WIRE)-- Eastman Kodak Company (NYSE: KODK) today reported financial results for the second quarter 2020, including consolidated revenues of $213 million .. Want to read all 3 pages? With 31,000 patents earned over 130 years of R&D, we believe in the power of technology and science to enhance what the world sees and creates. The increase is primarily attributable to net proceeds received of $247 million from the financing transactions completed in the first quarter of 2021. The Company ended 2021 with $362 million in cash, an increase of $166 million from December 31, 2020, said David Bullwinkle, Kodaks CFO. Operational EBITDA for the second quarter was $11 million, compared to $10 million in Q2 2021. Cautionary Statement Regarding Forward-Looking Statements. For the quarter ended September 30, 2021, revenues were $287 million, an improvement of $35 million compared to the prior-year quarter. The income was reported in Other operating income, net in the Consolidated Statement of Operations. Second-quarter 2022 highlights include: Consolidated revenues of $321 million, compared with $291 million for Q2 2021 Operating profit, which measures the success of a company in its normal, ongoing business operations apart from financing and investing activities and tax considerations, decreased significantly from $1,168 Mio. All forward-looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included or referenced in this press release. Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations and the costs, net of any rental income received, of underutilized portions of certain properties. ROCHESTER, N.Y.--(BUSINESS WIRE)--May 10, 2022-- All forward-looking statements, including managements examination of historical operating trends and data, are based upon Kodaks expectations and various assumptions. The change in revenues and Operational EBITDA on a constant currency basis, as presented in this financial results news release, is calculated by using average foreign exchange rates for the three months ended March 31, 2021, rather than the actual average exchange rates in effect for the three months ended March 31, 2022. Rapper Kodak Black will enter a drug rehabilitation facility later this month at the order of Judge Barbara Duffy of Boward Country, Florida. The change in revenues and Operational EBITDA on a constant currency basis, as presented in this financial results news release, is calculated by using average foreign exchange rates for the twelve months ended December 31, 2020, rather than the actual average exchange rates in effect for the twelve months ended December 31, 2021. Income Statement. The impact of the global economic environment or medical epidemics such as the COVID-19 pandemic; including the restrictions and other actions taken in response to the COVID-19 pandemic, and Kodaks ability to effectively mitigate or recoup associated increased costs of materials, labor, shipping and operations; The impact of the investigations, litigation and claims arising out of the circumstances surrounding the announcement on. Our core print business has achieved increased market share in environmentally-friendly process-free plates and we are well positioned to continue growing that important segment. Overview. Think of Kodak. Achieved revenues in fourth quarter 2022 of $357 million and full year 2022 of $2.0 billion; Appointed John C. Jacobs as President and Chief Executive Officer; Updated U.S. government agreement to include up to 1.5 million additional doses of Novavax's COVID-19 vaccine for delivery in 2023; Expanded Nuvaxovid label in adult booster and adolescent primary series An arrest warrant was issued last week for Kodak, whose legal name is Bill Kapri. AccountingBusinessFinancial Accounting Financial Information Here you will find a summary of Eastman Kodak Company's latest financial information. Redeemable, convertible preferred stock, no par value, Accumulated other comprehensive income (loss). Important factors that could cause actual events or results to differ materially from the forward-looking statements include, among others, the risks and uncertainties described in more detail in Kodaks Annual Report on Form 10-K for the year ended December 31, 2021 under the headings Business, Risk Factors, Legal Proceedings and/or Managements Discussion and Analysis of Financial Condition and Results of OperationsLiquidity and Capital Resources, and in other filings Kodak makes with the U.S. Securities and Exchange Commission from time to time, as well as the following: Future events and other factors may cause Kodaks actual results to differ materially from the forward-looking statements. Kodak (NYSE: KODK) is a leading global manufacturer focused on commercial print and advanced materials & chemicals. The reconciliation between GAAP and non-GAAP measures is provided in Appendix A of this press release. With 31,000 patents earned over 130 years of R&D, we believe in the power of technology and science to enhance what the world sees and creates. Kodak (NYSE: KODK) is a leading global manufacturer focused on commercial print and advanced materials & chemicals. Kodak ended the year with a cash balance of $362 million, an increase of $166 million from December 31, 2020. A former Phlow Corp. executive and his cousin were charged in New York with insider trading for allegedly trading on nonpublic information about a pandemic-related government loan to Eastman Kodak Co. Performances of the newly named "Bob Fosse's 'Dancin' begin March 2 at the Music Box Theatre, with an opening night set for March 19.. Annual stock financials by MarketWatch. Kodak continued to manage through an extremely challenging business environment to deliver revenue growth for the first quarter of 2022, said Jim Continenza, Kodaks Executive Chairman and CEO. All forward-looking statements, including managements examination of historical operating trends and data, are based upon Kodaks current expectations and assumptions. $6 million of income from the transition services agreement related to the sale of the Flexographic Packaging Business was recognized in the twelve months ended December 31, 2020. Important factors that could cause actual events or results to differ materially from the forward-looking statements include, among others, the risks and uncertainties described in more detail in Kodaks Annual Report on Form 10-K for the year ended December 31, 2021 under the headings Business, Risk Factors, Legal Proceedings and/or Managements Discussion and Analysis of Financial Condition and Results of OperationsLiquidity and Capital Resources, and in other filings Kodak makes with the U.S. Securities and Exchange Commission from time to time, as well as the following: Future events and other factors may cause Kodaks actual results to differ materially from the forward-looking statements. to $302 Mio. With 31,000 patents earned over 130 years of R&D, we believe in the power of technology and science to enhance what the world sees and creates. This press release includes forward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "predicts," "forecasts," "strategy," "continues," "goals," "targets" or future or conditional verbs, such as "will," "should," "could," or "may," and similar words and expressions, as well as statements that do not relate strictly to historical or current facts, are intended to identify forward-looking statements. This press release includes forward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995. "This continuing growth reflects our management teams experience with difficult business environments and our commitment to finding ways of putting our customers first despite ongoing inflationary and supply chain challenges. Full-year 2020 highlights include: Consolidated revenues of $1 billion With 31,000 patents earned over 130 years of R&D, we believe in the power of technology and science to enhance what the world sees and creates. Kodak (NYSE: KODK) is a leading global manufacturer focused on commercial print and advanced materials & chemicals. . Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, except as required by law. About Eastman Kodak Financial Statements There are typically three primary documents that fall into the category of financial statements. As they began experiencing a decline in the demand for cameras and film, and as we saw a shift to smartphones . All forward-looking statements, including managements examination of historical operating trends and data, are based upon Kodaks current expectations and assumptions. Born from Kodak, one of the world's most trusted imaging brands, we're pushing the boundaries with a new vision for a new era. Kodak is committed to environmental stewardship, including industry leadership in developing sustainable solutions for print. Eastman Kodak Company(NYSE: KODK) today reported financial results for the first quarter 2022, including consolidated revenues of $290 millionand continued growth in key product areas such as KODAKSONORA Process Free Plates and KODAKPROSPER System annuities. The notes accompanying the financial statements contained in the Companys Annual Report on Form 10-K for the year ended December 31, 2021 are an integral part of these consolidated financial statements. Operational EBITDA for the third quarter was $7 million, compared to $6 million in Q3 2021. Key metrics from the second quarter, such as increasing revenues and gross profit on both a year-over-year and quarter-sequential basis, reflect the successful ongoing execution of our long-term strategy., Revenue and Operational EBITDA by Reportable Segment Q2 2022 vs. Q2 2021. The following table reconciles the most directly comparable GAAP measure of Net Income (Loss) to Operational EBITDA for the twelve months ended December 31, 2021 and 2020, respectively: As reported in the Consolidated Statement of Operations. The decrease is primarily attributable to increases in working capital, the impact of higher costs and increased capital investment. Income statements, balance sheets, cash flow statements and key ratios. Sherrod Brown and JD Vance . Eastman Kodak Company (NYSE: KODK) today reported financial results for the full year 2021, including consolidated revenues of $1.150 billion and continued growth in key product areas such as SONORA Process Free Plates and PROSPER annuities. The judge, who made the ruling on Tuesday, said the rapper could remain free until after his appearance at the March 7 California iteration of Rolling Loud . Su xito inicial se debi a la introduccin del carrete de papel en el mercado, reemplazando las placas de cristal que se empleaban hasta entonces, as como al lanzamiento de las primeras cmaras que empleaban carretes circulares. Looking forward, well continue to make strategic decisions focused on driving smart revenue for Kodak.". All forward-looking statements, including managements examination of historical operating trends and data, are based upon Kodaks current expectations and assumptions. In this full year 2021 financial results news release, reference is made to the following non-GAAP financial measures: Kodak believes that these non-GAAP measures represent important internal measures of performance. 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