EASTMAN KODAK CO KODK
When used in this report, unless otherwise indicated, "we," "our," "us," the "Company" and "Kodak" refer to the consolidated company on the basis of consolidation described in Note 1 to the consolidated financial statements in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K Report.
Kodak is a global manufacturer focused on commercial print and advanced materials and chemicals. With 79,000 patents earned over 130 years of research and development ("R&D"), Kodak believes in the power of technology and science to enhance what the world sees and creates. Kodak's innovative, award-winning products, combined with its customer-first approach, make us the partner of choice for commercial printers worldwide. Kodak is committed to environmental stewardship, including industry leadership in developing sustainable solutions for print.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $1.04B | $1.12B | $1.21B | $1.15B | $1.03B | $1.24B | $1.32B | $1.39B | $1.64B |
| Cost of revenue | $837.0M | $840.0M | $907.0M | $1.03B | $986.0M | $894.0M | $1.06B | $1.14B | $1.18B | $1.24B |
| Gross profit | $232.0M | $203.0M | $210.0M | $170.0M | $164.0M | $135.0M | $182.0M | $180.0M | $211.0M | $403.0M |
| R&D | $33.0M | $33.0M | $34.0M | $34.0M | $33.0M | $34.0M | $42.0M | $48.0M | $64.0M | $60.0M |
| SG&A | $174.0M | $179.0M | $159.0M | $153.0M | $177.0M | $172.0M | $211.0M | $224.0M | $239.0M | $198.0M |
| Operating income | $0 | -$7.0M | $4.0M | -$26.0M | -$46.0M | -$74.0M | -$102.0M | -$118.0M | -$207.0M | $113.0M |
| Interest expense | $62.0M | $59.0M | $52.0M | $40.0M | $33.0M | $12.0M | $16.0M | $9.0M | $8.0M | $60.0M |
| Pre-tax income | -$112.0M | $110.0M | $87.0M | $31.0M | $28.0M | -$376.0M | -$60.0M | -$13.0M | -$26.0M | $51.0M |
| Income tax | $16.0M | $8.0M | $12.0M | $5.0M | $4.0M | $168.0M | $31.0M | $4.0M | $120.0M | $33.0M |
| Net income | -$128.0M | $102.0M | $80.0M | $26.0M | $24.0M | -$541.0M | $116.0M | -$16.0M | $94.0M | $15.0M |
| EPS, basic | -1.78 | 0.97 | 0.71 | 0.16 | 0.28 | -9.77 | 2.23 | -0.84 | 1.76 | 0.28 |
| EPS, diluted | -1.78 | 0.90 | 0.67 | 0.16 | 0.27 | -9.77 | 2.23 | -0.84 | 1.76 | 0.28 |
| Shares, diluted (wtd. avg.) | $87.0M | $92.3M | $90.5M | $80.6M | $80.5M | $57.4M | $43.0M | $42.7M | $42.7M | $42.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $337.0M | $201.0M | $255.0M | $217.0M | $362.0M | $196.0M | $233.0M | $233.0M | $343.0M | $434.0M |
| Short-term investments | $99.0M | — | — | — | — | — | — | — | — | — |
| Receivables | $145.0M | $138.0M | $195.0M | $177.0M | $175.0M | $177.0M | $208.0M | $232.0M | $253.0M | $277.0M |
| Inventory | $218.0M | $219.0M | $217.0M | $237.0M | $219.0M | $206.0M | $215.0M | $231.0M | $246.0M | $271.0M |
| Total current assets | $841.0M | $595.0M | $712.0M | $681.0M | $807.0M | $627.0M | $706.0M | $910.0M | $958.0M | $1.04B |
| Property, plant and equipment | $191.0M | $189.0M | $169.0M | $154.0M | $140.0M | $152.0M | $181.0M | $216.0M | $294.0M | $342.0M |
| Goodwill | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $12.0M | $68.0M |
| Other intangibles | $17.0M | $20.0M | $24.0M | $28.0M | $34.0M | $39.0M | $47.0M | $58.0M | $84.0M | $121.0M |
| Total assets | $1.62B | $2.00B | $2.35B | $2.29B | $2.17B | $1.25B | $1.42B | $1.51B | $1.71B | $1.78B |
| Short-term debt | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $2.0M | $2.0M | $396.0M | $4.0M | $6.0M |
| Total current liabilities | $268.0M | $261.0M | $283.0M | $293.0M | $309.0M | $296.0M | $368.0M | $778.0M | $419.0M | $417.0M |
| Long-term debt | $208.0M | $466.0M | $457.0M | $316.0M | $253.0M | $17.0M | $109.0M | $5.0M | $399.0M | $405.0M |
| Total liabilities | $904.0M | $1.14B | $1.21B | $1.04B | $1.19B | $980.0M | $1.13B | $1.34B | $1.49B | $1.69B |
| Retained earnings | -$521.0M | -$393.0M | -$495.0M | -$570.0M | -$596.0M | -$620.0M | -$79.0M | -$200.0M | -$174.0M | -$268.0M |
| Total equity | $614.0M | $641.0M | $931.0M | $1.04B | $781.0M | $77.0M | $99.0M | -$3.0M | $57.0M | -$73.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $480.0M | -$7.0M | $38.0M | -$116.0M | -$47.0M | -$35.0M | $12.0M | -$62.0M | -$67.0M | -$15.0M |
| Depreciation and amortisation | $29.0M | $28.0M | $30.0M | $29.0M | $31.0M | $37.0M | $55.0M | $73.0M | $80.0M | $105.0M |
| Stock-based compensation | $5.0M | $6.0M | $7.0M | $5.0M | $7.0M | $15.0M | $7.0M | $6.0M | $9.0M | $8.0M |
| Capital expenditure | $34.0M | $56.0M | $32.0M | $31.0M | $21.0M | $17.0M | $15.0M | $33.0M | $38.0M | $41.0M |
| Investing cash flow | -$29.0M | -$39.0M | -$32.0M | -$56.0M | -$20.0M | -$13.0M | $311.0M | -$22.0M | -$24.0M | -$29.0M |
| Financing cash flow | -$314.0M | -$23.0M | $85.0M | $43.0M | $238.0M | $10.0M | -$298.0M | -$11.0M | -$29.0M | -$72.0M |
| Dividends paid | $2.0M | $4.0M | $4.0M | $4.0M | $7.0M | $22.0M | $3.0M | $8.0M | $10.0M | — |
| Buybacks | $7.0M | $1.0M | $0 | $1.0M | $1.0M | $0 | — | — | $1.0M | $3.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-013928.
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