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. We plan to continue executing our long-term strategy despite the ongoing supply chain challenges and rising costs., Revenue and Operational EBITDA by Reportable Segment Q1 2022 vs. Q1 2021. The capital structure is risky due to the large amounts of debt so it is good Kodak is trying to reduce it. Kodak is committed to environmental stewardship, including industry leadership in developing sustainable solutions for print. ** The impact of foreign exchange represents the 2021 foreign exchange impact 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. Kodak's market cap is currently . In addition, we continue to make significant investments in our Advanced Materials & Chemicals business, such as our minority stake in Wildcat Discovery Technologies, Inc., a private technology company that is developing a breakthrough EV and energy storage super cell battery technology. * Total Operational EBITDA is a non-GAAP financial measure. Accordingly, where they are provided, it is to give investors the same financial data management uses with the belief that this information will assist the investment community in properly assessing the underlying performance of Kodak, its financial condition, results of operations and cash flow. ROCHESTER, N.Y.-- ( BUSINESS WIRE )--Eastman Kodak Company (NYSE: KODK) today reported financial results for the first quarter 2021, including consolidated revenues of $265 million and an. Future events or results may differ from those anticipated or expressed in the forward-looking statements. This press release includes forward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995. ", Revenue and Operational EBITDA by Reportable Segment Q3 2022 vs. Q3 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 was favorably impacted by the growth in revenue due to improved pricing, partially offset by higher continued ongoing global cost increases and unfavorable impact of foreign exchange. The reconciliation between GAAP and non-GAAP measures is provided in Appendix A of this press release. Operational EBITDA for the quarter was $6 million compared to negative $1 million in the prior-year quarter. This press release includes forward-looking statements as that term is defined under the Private Securities Litigation Reform Act of 1995. to $302 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. The reconciliation between GAAP and non-GAAP measures is provided in Appendix A of this press release. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or those expressed in or implied by such forward-looking statements. Get the latest KODK: Kodak detailed stock quotes, stock data, Real-Time ECN, charts, stats and more.. . 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. 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. Per Share Data Eastman Kodak Co. All values updated annually at fiscal year end. 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. CONSOLIDATED STATEMENT OF FINANCIAL POSITION As of De 2019 ASSETS Cash and cash equivalents $ 233 Trade receivables, net of allowances of $8 and . 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 innovative, award-winning products, combined with our customer-third approach, make us the partner of choice for commercial printers worldwide. Accordingly, where they are provided, it is to give investors the same financial data management uses with the belief that this information will assist the investment community in properly assessing the underlying performance of Kodak, its financial condition, results of operations and cash flow. 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. Between June and July 2020, ANDREW STILES conducted an insider trading scheme in which he misappropriated material, non-public information ("MNPI") and used it to trade in the stock of the Eastman Kodak Company ("Kodak") and further provided that MNPI to his cousin, GRAY STILES, so that GRAY would likewise trade on the MNPI. Discovery Company profile page for Advanced Medical Technologies AG including technical research,competitor monitor,market trends,company profile& stock symbol 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. FY 2021 Actuals on constant currency ** vs. FY 2020 Actuals, Consolidated revenues of $1.150 billion, compared with $1.029 billion for the full year 2020, GAAP net income of $24 million, compared with a net loss of $541 million for 2020, Operational EBITDA of $11 million, compared with negative $1 million for 2020, A year-end cash balance of $362 million, compared with $196 million at the end of 2020. "We generated positive cash flow in the fourth quarter of 2019 and had. Kodak (KODK) Financial Statements. Cash Flow Statement. 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. Balance Sheet. Eastman Kodak Company (KODK) Income Statement - Yahoo Finance U.S. markets closed (+0.31%) Dow 30 Nasdaq +72.04(+0.63%) Russell 2000 +5.78(+0.31%) (+0.11%) (-0.03%) Eastman Kodak Company. Discovery Company profile page for Shanghai Mifang Electronic Technology Co. Ltd. including technical research,competitor monitor,market trends,company profile& stock symbol Id like to thank our loyal customers and our employees for helping us deliver these results," said Jim Continenza, Kodaks Executive Chairman and CEO. Q3 2022 Actuals on constant currency ** vs. Q3 2021 Actuals, 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 2021, Operational EBITDA of $7 million, compared with $6 million for Q3 2021, A quarter-end cash balance of $216 million, compared with $362 million at the end of 2021, Q3 performance of key products compared with Q3 2021: SONORA Process Free Plates volume declined 10%, PROSPER inkjet annuities revenue declined 11% (increased 1% on a constant currency basis). The "Tunnel Vision" artist, 25, will instead spend 30 days in a drug treatment program following a hearing in South Florida, local NBC affiliate WTVJ reported. The income was reported in Other operating income, net in the Consolidated Statement of Operations. 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. 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. Redeemable, convertible preferred stock, no par value. ** The impact of foreign exchange represents the foreign exchange impact 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. Operational EBITDA represents the income from continuing operations excluding the provision for income taxes; non-service cost components of pension and OPEB income; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; idle costs; other operating income, net; interest expense; and other charges, net. Adjusting for the unfavorable impact of foreign exchange of $22 million in the current-year quarter, revenue increased by $24 million compared to the prior-year quarter. 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. Im pleased with our continued improvement in the third quarter despite challenges posed by supply chain issues, labor shortages and inflationary pressures, said Jim Continenza, Kodaks Executive Chairman and CEO. Item 2.02. 16, 2021-- Eastman Kodak Company (NYSE: KODK) today reported financial results for the full year 2020, including consolidated revenues of $1 billion and an increase in cash in the second half of the year. 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. 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