Eastman Kodak (KODK) Financials

$6.08 -0.02 (-0.25%)

Closing price 04/17/2025 03:59 PM Eastern

Extended Trading

$6.09 +0.00 (+0.08%)

As of 04/17/2025 05:39 PM Eastern

Annual Income Statements for Eastman Kodak

This table shows Eastman Kodak's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	26	75	102
Consolidated Net Income / (Loss)	26	75	102
Net Income / (Loss) Continuing Operations	26	75	102
Total Pre-Tax Income	31	87	110
Total Operating Income	-26	4.00	-7.00
Total Gross Profit	170	210	203
Total Revenue	1,205	1,117	1,043
Operating Revenue	1,205	1,117	1,043
Total Cost of Revenue	1,035	907	840
Operating Cost of Revenue	1,035	907	840
Total Operating Expenses	196	206	210
Selling, General & Admin Expense	153	159	179
Research & Development Expense	34	34	33
Other Operating Expenses / (Income)	-1.00	6.00	-10
Restructuring Charge	10	7.00	8.00
Total Other Income / (Expense), net	57	83	117
Interest Expense	40	79	59
Other Income / (Expense), net	97	162	176
Income Tax Expense	5.00	12	8.00
Basic Earnings per Share	$0.16	$0.71	$0.97
Weighted Average Basic Shares Outstanding	78.90M	79.40M	80.10M
Diluted Earnings per Share	$0.16	$0.67	$0.90
Weighted Average Diluted Shares Outstanding	80.60M	90.50M	92.30M
Weighted Average Basic & Diluted Shares Outstanding	79.14M	79.90M	80.60M

This table shows Eastman Kodak's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	2.00	7.00	33	35	2.00	5.00	32	26	18	26
Consolidated Net Income / (Loss)	2.00	7.00	33	35	2.00	5.00	32	26	18	26
Net Income / (Loss) Continuing Operations	2.00	7.00	33	35	2.00	5.00	32	26	18	26
Total Pre-Tax Income	3.00	10	41	37	0.00	9.00	35	27	21	27
Total Operating Income	-7.00	-1.00	5.00	10	2.00	-13	7.00	2.00	-8.00	-8.00
Total Gross Profit	43	43	50	63	50	47	49	58	45	51
Total Revenue	289	305	278	295	269	275	249	267	261	266
Operating Revenue	289	305	278	295	269	275	249	267	261	266
Total Cost of Revenue	246	262	228	232	219	228	200	209	216	215
Operating Cost of Revenue	246	262	228	232	219	228	200	209	216	215
Total Operating Expenses	50	44	45	53	48	60	42	56	53	59
Selling, General & Admin Expense	39	30	34	40	40	45	45	47	44	43
Research & Development Expense	8.00	8.00	9.00	9.00	7.00	9.00	9.00	8.00	8.00	8.00
Other Operating Expenses / (Income)	-	-	1.00	-1.00	0.00	6.00	-17	1.00	0.00	6.00
Restructuring Charge	3.00	7.00	1.00	5.00	1.00	-	5.00	0.00	1.00	2.00
Total Other Income / (Expense), net	10	11	36	27	-2.00	22	28	25	29	35
Interest Expense	10	11	11	11	41	16	15	15	14	15
Other Income / (Expense), net	20	22	47	38	39	38	43	40	43	50
Income Tax Expense	1.00	3.00	8.00	2.00	-2.00	4.00	3.00	1.00	3.00	1.00
Basic Earnings per Share	($0.01)	$0.05	$0.33	$0.35	$0.00	$0.03	$0.31	$0.25	$0.16	$0.25
Weighted Average Basic Shares Outstanding	79M	78.90M	79.10M	79.40M	79.50M	79.40M	79.70M	80.10M	80.30M	80.10M
Diluted Earnings per Share	($0.01)	$0.06	$0.30	$0.32	$0.00	$0.05	$0.30	$0.23	$0.15	$0.22
Weighted Average Diluted Shares Outstanding	79M	80.60M	92.20M	93M	79.50M	90.50M	91.30M	92.40M	92.70M	92.30M
Weighted Average Basic & Diluted Shares Outstanding	79.10M	79.14M	79.34M	79.47M	79.55M	79.90M	80.10M	80.30M	80.40M	80.60M

This table details how cash moves in and out of Eastman Kodak's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-137	91	-76
Net Cash From Operating Activities	-116	38	-7.00
Net Cash From Continuing Operating Activities	-116	38	-7.00
Net Income / (Loss) Continuing Operations	26	75	102
Consolidated Net Income / (Loss)	26	75	102
Depreciation Expense	29	30	28
Non-Cash Adjustments To Reconcile Net Income	-89	-84	-164
Changes in Operating Assets and Liabilities, net	-82	17	27
Net Cash From Investing Activities	-56	-32	-39
Net Cash From Continuing Investing Activities	-56	-32	-39
Purchase of Property, Plant & Equipment	-31	-32	-56
Purchase of Investments	-25	0.00	0.00
Divestitures	0.00	0.00	17
Net Cash From Financing Activities	43	85	-23
Net Cash From Continuing Financing Activities	43	85	-23
Repayment of Debt	0.00	-345	-17
Repurchase of Common Equity	-1.00	0.00	-1.00
Payment of Dividends	-4.00	-4.00	-4.00
Issuance of Debt	49	435	0.00
Other Financing Activities, net	-1.00	-1.00	-1.00
Other Net Changes in Cash	-8.00	0.00	-7.00
Cash Interest Paid	23	26	31
Cash Income Taxes Paid	6.00	9.00	13

This table details how cash moves in and out of Eastman Kodak's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-73	6.00	8.00	-2.00	82	3.00	3.00	-20	-38	-21
Net Cash From Operating Activities	-27	14	14	7.00	-	17	17	-7.00	-21	4.00
Net Cash From Continuing Operating Activities	-27	14	14	7.00	-	17	17	-7.00	-21	4.00
Net Income / (Loss) Continuing Operations	2.00	7.00	33	35	2.00	5.00	32	26	18	26
Consolidated Net Income / (Loss)	2.00	7.00	33	35	2.00	5.00	32	26	18	26
Depreciation Expense	8.00	7.00	8.00	8.00	7.00	7.00	7.00	6.00	8.00	7.00
Non-Cash Adjustments To Reconcile Net Income	-19	-15	-30	-36	11	-29	-51	-58	-13	-42
Changes in Operating Assets and Liabilities, net	-18	15	3.00	-	-20	34	29	19	-34	13
Net Cash From Investing Activities	-35	-12	-5.00	-6.00	-4.00	-17	7.00	-9.00	-20	-17
Net Cash From Continuing Investing Activities	-35	-12	-5.00	-6.00	-4.00	-17	7.00	-9.00	-20	-17
Purchase of Property, Plant & Equipment	-10	-12	-5.00	-6.00	-4.00	-17	-10	-9.00	-20	-17
Net Cash From Financing Activities	-2.00	-2.00	-1.00	-1.00	89	-2.00	-18	-2.00	-1.00	-2.00
Net Cash From Continuing Financing Activities	-2.00	-2.00	-1.00	-1.00	89	-2.00	-18	-2.00	-1.00	-2.00
Payment of Dividends	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00

This table presents Eastman Kodak's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	2,285	2,355	2,001
Total Current Assets	681	712	595
Cash & Equivalents	217	255	201
Accounts Receivable	177	195	138
Inventories, net	237	217	219
Other Current Assets	48	45	37
Plant, Property, & Equipment, net	154	169	189
Total Noncurrent Assets	1,450	1,474	1,217
Goodwill	12	12	12
Intangible Assets	28	24	20
Employee Benefit Assets	1,233	1,216	989
Other Noncurrent Operating Assets	115	112	104
Other Noncurrent Nonoperating Assets	62	110	92
Total Liabilities & Shareholders' Equity	2,285	2,355	2,001
Total Liabilities	1,041	1,214	1,142
Total Current Liabilities	293	283	261
Short-Term Debt	16	14	1.00
Accounts Payable	134	125	120
Other Current Liabilities	143	144	140
Total Noncurrent Liabilities	748	931	881
Long-Term Debt	316	457	466
Noncurrent Employee Benefit Liabilities	230	237	197
Other Noncurrent Operating Liabilities	202	237	218
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	203	210	218
Total Equity & Noncontrolling Interests	1,041	931	641
Total Preferred & Common Equity	1,041	931	641
Total Common Equity	1,041	931	641
Common Stock	1,160	1,156	1,150
Retained Earnings	-570	-495	-393
Treasury Stock	-11	-11	-12
Accumulated Other Comprehensive Income / (Loss)	462	281	-104

This table presents Eastman Kodak's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,259	2,322	2,221	2,357	2,347	2,359	2,388
Total Current Assets	699	687	672	712	677	660	642
Cash & Equivalents	216	225	223	246	262	251	214
Accounts Receivable	164	167	161	191	139	139	143
Inventories, net	273	251	252	239	230	232	241
Other Current Assets	44	42	36	34	46	38	44
Plant, Property, & Equipment, net	147	153	155	161	171	177	190
Total Noncurrent Assets	1,413	1,482	1,394	1,484	1,499	1,522	1,556
Goodwill	12	12	12	12	12	12	12
Intangible Assets	30	27	26	25	23	22	21
Employee Benefit Assets	1,198	1,266	1,179	1,212	1,247	1,279	1,313
Other Noncurrent Operating Assets	116	115	115	116	111	109	110
Other Noncurrent Nonoperating Assets	57	62	62	119	106	100	100
Total Liabilities & Shareholders' Equity	2,259	2,322	2,221	2,357	2,347	2,359	2,388
Total Liabilities	1,157	1,049	1,047	1,190	1,184	1,184	1,190
Total Current Liabilities	297	295	292	271	274	278	266
Short-Term Debt	1.00	1.00	15	1.00	1.00	1.00	1.00
Accounts Payable	147	139	129	124	129	128	128
Other Current Liabilities	149	155	148	144	144	149	137
Total Noncurrent Liabilities	860	754	755	919	910	906	924
Long-Term Debt	312	320	324	451	447	453	460
Noncurrent Employee Benefit Liabilities	336	232	231	225	229	224	232
Other Noncurrent Operating Liabilities	212	202	200	243	234	229	232
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	201	205	207	208	212	214	216
Total Equity & Noncontrolling Interests	901	1,068	967	959	951	961	982
Total Preferred & Common Equity	901	1,068	967	959	951	961	982
Total Common Equity	901	1,068	967	959	951	961	982
Common Stock	1,162	1,161	1,159	1,158	1,156	1,154	1,152
Retained Earnings	-577	-537	-502	-500	-463	-437	-419
Treasury Stock	-11	-11	-11	-11	-11	-12	-12
Accumulated Other Comprehensive Income / (Loss)	327	455	321	312	269	256	261

This table displays calculated financial ratios and metrics derived from Eastman Kodak's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	4.78%	-7.30%	-6.62%
EBITDA Growth	8.70%	96.00%	0.51%
EBIT Growth	16.39%	133.80%	1.81%
NOPAT Growth	44.69%	115.81%	-288.24%
Net Income Growth	8.33%	188.46%	36.00%
EPS Growth	-40.74%	318.75%	34.33%
Operating Cash Flow Growth	-146.81%	132.76%	-118.42%
Free Cash Flow Firm Growth	38.29%	110.21%	303.34%
Invested Capital Growth	59.29%	-3.71%	-17.16%
Revenue Q/Q Growth	-0.17%	-2.62%	-0.86%
EBITDA Q/Q Growth	20.48%	2.08%	9.44%
EBIT Q/Q Growth	33.96%	2.47%	11.18%
NOPAT Q/Q Growth	54.84%	-75.37%	38.56%
Net Income Q/Q Growth	100.00%	-2.60%	25.93%
EPS Q/Q Growth	1,700.00%	-1.47%	23.29%
Operating Cash Flow Q/Q Growth	19.44%	8.57%	-216.67%
Free Cash Flow Firm Q/Q Growth	51.71%	151.45%	304.31%
Invested Capital Q/Q Growth	13.60%	-0.56%	-23.20%
Profitability Metrics	-	-	-
Gross Margin	14.11%	18.80%	19.46%
EBITDA Margin	8.30%	17.55%	18.89%
Operating Margin	-2.16%	0.36%	-0.67%
EBIT Margin	5.89%	14.86%	16.20%
Profit (Net Income) Margin	2.16%	6.71%	9.78%
Tax Burden Percent	83.87%	86.21%	92.73%
Interest Burden Percent	43.66%	52.41%	65.09%
Effective Tax Rate	16.13%	13.79%	7.27%
Return on Invested Capital (ROIC)	-2.07%	0.27%	-0.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-86.68%	91.42%	76.92%
Return on Net Nonoperating Assets (RNNOA)	4.41%	6.02%	10.77%
Return on Equity (ROE)	2.34%	6.29%	10.20%
Cash Return on Invested Capital (CROIC)	-47.80%	4.05%	18.20%
Operating Return on Assets (OROA)	3.19%	7.16%	7.76%
Return on Assets (ROA)	1.17%	3.23%	4.68%
Return on Common Equity (ROCE)	1.92%	5.20%	8.02%
Return on Equity Simple (ROE_SIMPLE)	2.50%	8.06%	15.91%
Net Operating Profit after Tax (NOPAT)	-22	3.45	-6.49
NOPAT Margin	-1.81%	0.31%	-0.62%
Net Nonoperating Expense Percent (NNEP)	84.61%	-91.15%	-77.49%
Return On Investment Capital (ROIC_SIMPLE)	-1.59%	0.25%	-0.59%
Cost of Revenue to Revenue	85.89%	81.20%	80.54%
SG&A Expenses to Revenue	12.70%	14.23%	17.16%
R&D to Revenue	2.82%	3.04%	3.16%
Operating Expenses to Revenue	16.27%	18.44%	20.13%
Earnings before Interest and Taxes (EBIT)	71	166	169
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	196	197
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.23	0.33	0.82
Price to Tangible Book Value (P/TBV)	0.24	0.35	0.87
Price to Revenue (P/Rev)	0.20	0.28	0.51
Price to Earnings (P/E)	9.28	4.14	5.18
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	10.78%	24.17%	19.31%
Enterprise Value to Invested Capital (EV/IC)	0.43	0.59	0.98
Enterprise Value to Revenue (EV/Rev)	0.46	0.66	0.97
Enterprise Value to EBITDA (EV/EBITDA)	5.59	3.76	5.14
Enterprise Value to EBIT (EV/EBIT)	7.88	4.44	5.99
Enterprise Value to NOPAT (EV/NOPAT)	0.00	213.51	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	19.38	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	14.31	4.88
Leverage & Solvency	-	-	-
Debt to Equity	0.27	0.41	0.54
Long-Term Debt to Equity	0.25	0.40	0.54
Financial Leverage	-0.05	0.07	0.14
Leverage Ratio	2.01	1.95	2.18
Compound Leverage Factor	0.88	1.02	1.42
Debt to Total Capital	21.07%	29.22%	35.22%
Short-Term Debt to Total Capital	1.02%	0.87%	0.08%
Long-Term Debt to Total Capital	20.05%	28.35%	35.14%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	12.88%	13.03%	16.44%
Common Equity to Total Capital	66.05%	57.75%	48.34%
Debt to EBITDA	3.32	2.40	2.37
Net Debt to EBITDA	1.15	1.10	1.35
Long-Term Debt to EBITDA	3.16	2.33	2.37
Debt to NOPAT	-15.22	136.59	-71.95
Net Debt to NOPAT	-5.27	62.64	-40.98
Long-Term Debt to NOPAT	-14.49	132.53	-71.79
Altman Z-Score	0.62	0.78	1.00
Noncontrolling Interest Sharing Ratio	17.96%	17.32%	21.40%
Liquidity Ratios	-	-	-
Current Ratio	2.32	2.52	2.28
Quick Ratio	1.34	1.59	1.30
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-504	51	208
Operating Cash Flow to CapEx	-374.19%	118.75%	-12.50%
Free Cash Flow to Firm to Interest Expense	-12.60	0.65	3.52
Operating Cash Flow to Interest Expense	-2.90	0.48	-0.12
Operating Cash Flow Less CapEx to Interest Expense	-3.68	0.08	-1.07
Efficiency Ratios	-	-	-
Asset Turnover	0.54	0.48	0.48
Accounts Receivable Turnover	6.85	6.01	6.26
Inventory Turnover	4.54	4.00	3.85
Fixed Asset Turnover	8.20	6.92	5.83
Accounts Payable Turnover	7.21	7.00	6.86
Days Sales Outstanding (DSO)	53.31	60.78	58.27
Days Inventory Outstanding (DIO)	80.41	91.35	94.73
Days Payable Outstanding (DPO)	50.61	52.11	53.23
Cash Conversion Cycle (CCC)	83.11	100.02	99.76
Capital & Investment Metrics	-	-	-
Invested Capital	1,295	1,247	1,033
Invested Capital Turnover	1.14	0.88	0.91
Increase / (Decrease) in Invested Capital	482	-48	-214
Enterprise Value (EV)	559	736	1,012
Market Capitalization	241	310	528
Book Value per Share	$13.16	$11.70	$7.97
Tangible Book Value per Share	$12.65	$11.25	$7.57
Total Capital	1,576	1,612	1,326
Total Debt	332	471	467
Total Long-Term Debt	316	457	466
Net Debt	115	216	266
Capital Expenditures (CapEx)	31	32	56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	187	188	134
Debt-free Net Working Capital (DFNWC)	404	443	335
Net Working Capital (NWC)	388	429	334
Net Nonoperating Expense (NNE)	-48	-72	-108
Net Nonoperating Obligations (NNO)	51	106	174
Total Depreciation and Amortization (D&A)	29	30	28
Debt-free, Cash-free Net Working Capital to Revenue	15.52%	16.83%	12.85%
Debt-free Net Working Capital to Revenue	33.53%	39.66%	32.12%
Net Working Capital to Revenue	32.20%	38.41%	32.02%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.16	$0.71	$0.97
Adjusted Weighted Average Basic Shares Outstanding	78.90M	79.40M	80.10M
Adjusted Diluted Earnings per Share	$0.16	$0.67	$0.90
Adjusted Weighted Average Diluted Shares Outstanding	80.60M	90.50M	92.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.14M	79.90M	80.60M
Normalized Net Operating Profit after Tax (NOPAT)	-13	9.48	0.93
Normalized NOPAT Margin	-1.11%	0.85%	0.09%
Pre Tax Income Margin	2.57%	7.79%	10.55%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.78	2.10	2.86
NOPAT to Interest Expense	-0.55	0.04	-0.11
EBIT Less CapEx to Interest Expense	1.00	1.70	1.92
NOPAT Less CapEx to Interest Expense	-1.32	-0.36	-1.06
Payout Ratios	-	-	-
Dividend Payout Ratio	15.38%	5.33%	3.92%
Augmented Payout Ratio	19.23%	5.33%	4.90%

This table displays calculated financial ratios and metrics derived from Eastman Kodak's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.70%	-0.65%	-4.14%	-8.10%	-6.92%	-9.84%	-10.43%	-9.49%	-2.97%	-3.27%
EBITDA Growth	-16.00%	154.55%	300.00%	55.56%	128.57%	14.29%	-5.00%	-14.29%	-10.42%	53.13%
EBIT Growth	-27.78%	600.00%	550.00%	65.52%	215.38%	19.05%	-3.85%	-12.50%	-14.63%	68.00%
NOPAT Growth	41.67%	96.30%	130.26%	798.65%	130.00%	-931.75%	59.03%	-79.64%	-589.80%	-6.67%
Net Income Growth	-75.00%	216.67%	1,200.00%	75.00%	0.00%	-28.57%	-3.03%	-25.71%	800.00%	420.00%
EPS Growth	-116.67%	154.55%	475.00%	68.42%	100.00%	-16.67%	0.00%	-28.13%	0.00%	340.00%
Operating Cash Flow Growth	-125.00%	200.00%	132.56%	111.67%	0.00%	21.43%	21.43%	-200.00%	0.00%	-76.47%
Free Cash Flow Firm Growth	-1,035.98%	39.35%	46.50%	83.40%	88.74%	108.45%	115.80%	69.48%	13.09%	405.90%
Invested Capital Growth	686.21%	59.29%	50.35%	15.74%	10.00%	-3.71%	-4.75%	4.07%	7.26%	-17.16%
Revenue Q/Q Growth	-9.97%	5.54%	-8.85%	6.12%	-8.81%	2.23%	-9.45%	7.23%	-2.25%	1.92%
EBITDA Q/Q Growth	-41.67%	33.33%	114.29%	-6.67%	-14.29%	-33.33%	78.13%	-15.79%	-10.42%	13.95%
EBIT Q/Q Growth	-55.17%	61.54%	147.62%	-7.69%	-14.58%	-39.02%	100.00%	-16.00%	-16.67%	20.00%
NOPAT Q/Q Growth	-543.33%	85.00%	674.91%	135.05%	-85.20%	-615.87%	188.62%	-69.91%	-456.04%	-12.35%
Net Income Q/Q Growth	-90.00%	250.00%	371.43%	6.06%	-94.29%	150.00%	540.00%	-18.75%	-30.77%	44.44%
EPS Q/Q Growth	-105.26%	700.00%	400.00%	6.67%	-100.00%	0.00%	500.00%	-23.33%	-34.78%	46.67%
Operating Cash Flow Q/Q Growth	55.00%	151.85%	0.00%	-50.00%	0.00%	0.00%	0.00%	-141.18%	-200.00%	119.05%
Free Cash Flow Firm Q/Q Growth	-5.34%	51.71%	10.30%	63.61%	28.53%	136.21%	67.74%	-170.28%	-103.55%	310.81%
Invested Capital Q/Q Growth	7.45%	13.60%	0.77%	-5.90%	2.12%	-0.56%	-0.32%	2.82%	5.24%	-23.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.88%	14.10%	17.99%	21.36%	18.59%	17.09%	19.68%	21.72%	17.24%	19.17%
EBITDA Margin	7.27%	9.18%	21.58%	18.98%	17.84%	11.64%	22.89%	17.98%	16.48%	18.42%
Operating Margin	-2.42%	-0.33%	1.80%	3.39%	0.74%	-4.73%	2.81%	0.75%	-3.07%	-3.01%
EBIT Margin	4.50%	6.89%	18.71%	16.27%	15.24%	9.09%	20.08%	15.73%	13.41%	15.79%
Profit (Net Income) Margin	0.69%	2.30%	11.87%	11.86%	0.74%	1.82%	12.85%	9.74%	6.90%	9.77%
Tax Burden Percent	66.67%	70.00%	80.49%	94.59%	0.00%	55.56%	91.43%	96.30%	85.71%	96.30%
Interest Burden Percent	23.08%	47.62%	78.85%	77.08%	0.00%	36.00%	70.00%	64.29%	60.00%	64.29%
Effective Tax Rate	33.33%	30.00%	19.51%	5.41%	0.00%	44.44%	8.57%	3.70%	14.29%	3.70%
Return on Invested Capital (ROIC)	-3.03%	-0.26%	1.59%	3.27%	0.50%	-2.31%	2.20%	0.61%	-2.13%	-2.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.58%	-13.89%	-70.85%	343.81%	1.46%	13.26%	47.91%	31.28%	19.12%	21.42%
Return on Net Nonoperating Assets (RNNOA)	1.25%	0.71%	2.52%	2.27%	0.08%	0.87%	2.20%	2.09%	1.89%	3.00%
Return on Equity (ROE)	-1.78%	0.44%	4.11%	5.54%	0.58%	-1.44%	4.40%	2.70%	-0.24%	0.35%
Cash Return on Invested Capital (CROIC)	-162.38%	-47.80%	-40.38%	-14.07%	-8.35%	4.05%	5.30%	-4.14%	-7.82%	18.20%
Operating Return on Assets (OROA)	2.86%	3.72%	9.90%	8.38%	7.57%	4.38%	9.36%	7.28%	5.95%	7.56%
Return on Assets (ROA)	0.44%	1.24%	6.28%	6.11%	0.37%	0.88%	5.99%	4.51%	3.06%	4.68%
Return on Common Equity (ROCE)	-1.29%	0.36%	3.37%	4.55%	0.47%	-1.19%	3.64%	2.22%	-0.19%	0.27%
Return on Equity Simple (ROE_SIMPLE)	1.44%	0.00%	5.81%	7.96%	8.03%	0.00%	7.78%	6.76%	8.25%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.67	-0.70	4.02	9.46	1.40	-7.22	6.40	1.93	-6.86	-7.70
NOPAT Margin	-1.61%	-0.23%	1.45%	3.21%	0.52%	-2.63%	2.57%	0.72%	-2.63%	-2.90%
Net Nonoperating Expense Percent (NNEP)	8.55%	13.63%	72.44%	-340.54%	-0.96%	-15.57%	-45.71%	-30.67%	-21.25%	-24.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.05%	-	-	-	-0.52%	-	-	-	-0.70%
Cost of Revenue to Revenue	85.12%	85.90%	82.01%	78.64%	81.41%	82.91%	80.32%	78.28%	82.76%	80.83%
SG&A Expenses to Revenue	13.49%	9.84%	12.23%	13.56%	14.87%	16.36%	18.07%	17.60%	16.86%	16.17%
R&D to Revenue	2.77%	2.62%	3.24%	3.05%	2.60%	3.27%	3.61%	3.00%	3.07%	3.01%
Operating Expenses to Revenue	17.30%	14.43%	16.19%	17.97%	17.84%	21.82%	16.87%	20.97%	20.31%	22.18%
Earnings before Interest and Taxes (EBIT)	13	21	52	48	41	25	50	42	35	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	28	60	56	48	32	57	48	43	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.40	0.23	0.30	0.38	0.35	0.33	0.42	0.45	0.39	0.82
Price to Tangible Book Value (P/TBV)	0.42	0.24	0.32	0.39	0.36	0.35	0.43	0.46	0.40	0.87
Price to Revenue (P/Rev)	0.30	0.20	0.27	0.31	0.29	0.28	0.36	0.41	0.36	0.51
Price to Earnings (P/E)	27.91	9.28	5.23	4.76	4.35	4.14	5.34	6.63	4.68	5.18
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.58%	10.78%	19.11%	21.01%	23.01%	24.17%	18.71%	15.08%	21.37%	19.31%
Enterprise Value to Invested Capital (EV/IC)	0.58	0.43	0.48	0.56	0.60	0.59	0.64	0.66	0.63	0.98
Enterprise Value to Revenue (EV/Rev)	0.55	0.46	0.52	0.59	0.65	0.66	0.73	0.80	0.80	0.97
Enterprise Value to EBITDA (EV/EBITDA)	7.96	5.59	4.31	4.18	3.90	3.76	4.11	4.58	4.68	5.14
Enterprise Value to EBIT (EV/EBIT)	12.47	7.88	5.44	5.15	4.62	4.44	4.84	5.37	5.54	5.99
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	116.42	53.47	213.51	144.76	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	86.20	21.39	19.38	19.35	31.41	140.34	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	14.31	11.76	0.00	0.00	4.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.27	0.25	0.29	0.39	0.41	0.39	0.39	0.38	0.54
Long-Term Debt to Equity	0.28	0.25	0.25	0.28	0.39	0.40	0.38	0.39	0.38	0.54
Financial Leverage	-0.11	-0.05	-0.04	0.01	0.06	0.07	0.05	0.07	0.10	0.14
Leverage Ratio	2.63	2.01	2.00	1.99	2.03	1.95	1.92	1.95	2.01	2.18
Compound Leverage Factor	0.61	0.96	1.58	1.54	0.00	0.70	1.34	1.25	1.20	1.40
Debt to Total Capital	22.12%	21.07%	20.14%	22.41%	27.92%	29.22%	27.81%	27.87%	27.79%	35.22%
Short-Term Debt to Total Capital	0.07%	1.02%	0.06%	0.99%	0.06%	0.87%	0.06%	0.06%	0.06%	0.08%
Long-Term Debt to Total Capital	22.05%	20.05%	20.08%	21.41%	27.86%	28.35%	27.75%	27.81%	27.73%	35.14%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	14.20%	12.88%	12.86%	13.68%	12.85%	13.03%	13.16%	13.14%	13.02%	16.44%
Common Equity to Total Capital	63.67%	66.05%	67.00%	63.91%	59.23%	57.75%	59.03%	58.99%	59.19%	48.34%
Debt to EBITDA	3.77	3.32	2.21	2.05	2.35	2.40	2.32	2.45	2.56	2.37
Net Debt to EBITDA	1.17	1.15	0.66	0.70	1.07	1.10	0.96	1.10	1.37	1.35
Long-Term Debt to EBITDA	3.76	3.16	2.21	1.96	2.35	2.33	2.32	2.45	2.56	2.37
Debt to NOPAT	-6.48	-15.22	-188.98	57.23	32.29	136.59	81.73	-247.95	-43.63	-71.95
Net Debt to NOPAT	-2.01	-5.27	-56.52	19.58	14.71	62.64	33.93	-110.87	-23.38	-40.98
Long-Term Debt to NOPAT	-6.46	-14.49	-188.39	54.70	32.21	132.53	81.55	-247.41	-43.54	-71.79
Altman Z-Score	0.60	0.55	0.65	0.70	0.64	0.59	0.66	0.66	0.62	0.79
Noncontrolling Interest Sharing Ratio	27.48%	17.96%	17.89%	17.85%	18.03%	17.32%	17.12%	17.92%	17.93%	21.40%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.35	2.32	2.33	2.30	2.63	2.52	2.47	2.37	2.41	2.28
Quick Ratio	1.28	1.34	1.33	1.32	1.61	1.59	1.46	1.40	1.34	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,000	-483	-433	-158	-113	41	68	-48	-98	206
Operating Cash Flow to CapEx	-270.00%	116.67%	280.00%	116.67%	0.00%	100.00%	170.00%	-77.78%	-105.00%	23.53%
Free Cash Flow to Firm to Interest Expense	-99.97	-43.88	-39.36	-14.32	-2.75	2.55	4.56	-3.20	-6.99	13.75
Operating Cash Flow to Interest Expense	-2.70	1.27	1.27	0.64	0.00	1.06	1.13	-0.47	-1.50	0.27
Operating Cash Flow Less CapEx to Interest Expense	-3.70	0.18	0.82	0.09	0.00	0.00	0.47	-1.07	-2.93	-0.87
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.54	0.53	0.52	0.50	0.48	0.47	0.46	0.44	0.48
Accounts Receivable Turnover	7.29	6.85	6.84	6.63	6.46	6.01	7.11	7.07	6.30	6.26
Inventory Turnover	4.08	4.54	4.04	3.77	3.68	4.00	3.65	3.54	3.55	3.85
Fixed Asset Turnover	8.41	8.20	7.95	7.78	7.45	6.92	6.72	6.39	5.99	5.83
Accounts Payable Turnover	7.03	7.21	6.27	6.52	6.94	7.00	6.56	6.66	6.77	6.86
Days Sales Outstanding (DSO)	50.05	53.31	53.39	55.05	56.48	60.78	51.33	51.65	57.94	58.27
Days Inventory Outstanding (DIO)	89.42	80.41	90.34	96.91	99.30	91.35	99.87	103.19	102.70	94.73
Days Payable Outstanding (DPO)	51.94	50.61	58.23	55.99	52.56	52.11	55.64	54.79	53.92	53.23
Cash Conversion Cycle (CCC)	87.52	83.11	85.50	95.96	103.22	100.02	95.55	100.05	106.72	99.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,140	1,295	1,305	1,228	1,254	1,247	1,243	1,278	1,345	1,033
Invested Capital Turnover	1.88	1.14	1.10	1.02	0.96	0.88	0.85	0.85	0.81	0.91
Increase / (Decrease) in Invested Capital	995	482	437	167	114	-48	-62	50	91	-214
Enterprise Value (EV)	661	559	625	690	749	736	794	848	842	1,012
Market Capitalization	363	241	324	367	335	310	396	431	379	528
Book Value per Share	$11.40	$13.16	$13.50	$12.19	$12.07	$11.70	$11.93	$12.00	$12.23	$7.97
Tangible Book Value per Share	$10.87	$12.65	$13.00	$11.71	$11.60	$11.25	$11.49	$11.57	$11.82	$7.57
Total Capital	1,415	1,576	1,594	1,513	1,619	1,612	1,611	1,629	1,659	1,326
Total Debt	313	332	321	339	452	471	448	454	461	467
Total Long-Term Debt	312	316	320	324	451	457	447	453	460	466
Net Debt	97	115	96	116	206	216	186	203	247	266
Capital Expenditures (CapEx)	10	12	5.00	6.00	4.00	17	10	9.00	20	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	187	187	168	172	196	188	142	132	163	134
Debt-free Net Working Capital (DFNWC)	403	404	393	395	442	443	404	383	377	335
Net Working Capital (NWC)	402	388	392	380	441	429	403	382	376	334
Net Nonoperating Expense (NNE)	-6.67	-7.70	-29	-26	-0.60	-12	-26	-24	-25	-34
Net Nonoperating Obligations (NNO)	38	51	32	54	87	106	80	103	147	174
Total Depreciation and Amortization (D&A)	8.00	7.00	8.00	8.00	7.00	7.00	7.00	6.00	8.00	7.00
Debt-free, Cash-free Net Working Capital to Revenue	15.49%	15.52%	14.08%	14.74%	17.09%	16.83%	13.05%	12.45%	15.49%	12.85%
Debt-free Net Working Capital to Revenue	33.39%	33.53%	32.94%	33.85%	38.54%	39.66%	37.13%	36.13%	35.84%	32.12%
Net Working Capital to Revenue	33.31%	32.20%	32.86%	32.56%	38.45%	38.41%	37.04%	36.04%	35.74%	32.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	$0.05	$0.33	$0.35	$0.00	$0.03	$0.31	$0.25	$0.16	$0.25
Adjusted Weighted Average Basic Shares Outstanding	79M	78.90M	79.10M	79.40M	79.50M	79.40M	79.70M	80.10M	80.30M	80.10M
Adjusted Diluted Earnings per Share	($0.01)	$0.06	$0.30	$0.32	$0.00	$0.05	$0.30	$0.23	$0.15	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	79M	80.60M	92.20M	93M	79.50M	90.50M	91.30M	92.40M	92.70M	92.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	79.10M	79.14M	79.34M	79.47M	79.55M	79.90M	80.10M	80.30M	80.40M	80.60M
Normalized Net Operating Profit after Tax (NOPAT)	-2.67	4.20	4.83	14	2.10	-7.22	11	1.93	-6.00	-5.78
Normalized NOPAT Margin	-0.92%	1.38%	1.74%	4.81%	0.78%	-2.63%	4.41%	0.72%	-2.30%	-2.17%
Pre Tax Income Margin	1.04%	3.28%	14.75%	12.54%	0.00%	3.27%	14.06%	10.11%	8.05%	10.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.30	1.91	4.73	4.36	1.00	1.56	3.33	2.80	2.50	2.80
NOPAT to Interest Expense	-0.47	-0.06	0.37	0.86	0.03	-0.45	0.43	0.13	-0.49	-0.51
EBIT Less CapEx to Interest Expense	0.30	0.82	4.27	3.82	0.90	0.50	2.67	2.20	1.07	1.67
NOPAT Less CapEx to Interest Expense	-1.47	-1.15	-0.09	0.31	-0.06	-1.51	-0.24	-0.47	-1.92	-1.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.77%	15.38%	6.45%	5.19%	5.19%	5.33%	5.41%	6.15%	4.94%	3.92%
Augmented Payout Ratio	38.46%	19.23%	6.45%	5.19%	5.19%	5.33%	5.41%	7.69%	6.17%	4.90%

Frequently Asked Questions About Eastman Kodak's Financials

When does Eastman Kodak's fiscal year end?

According to the most recent income statement we have on file, Eastman Kodak's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Eastman Kodak's net income changed over the last 2 years?

Eastman Kodak's net income appears to be on an upward trend, with a most recent value of $102 million in 2024, rising from $26 million in 2022. The previous period was $75 million in 2023.

What is Eastman Kodak's operating income?

Eastman Kodak's total operating income in 2024 was -$7 million, based on the following breakdown:

Total Gross Profit: $203 million
Total Operating Expenses: $210 million

How has Eastman Kodak revenue changed over the last 2 years?

Over the last 2 years, Eastman Kodak's total revenue changed from $1.21 billion in 2022 to $1.04 billion in 2024, a change of -13.4%.

How much debt does Eastman Kodak have?

Eastman Kodak's total liabilities were at $1.14 billion at the end of 2024, a 5.9% decrease from 2023, and a 9.7% increase since 2022.

How much cash does Eastman Kodak have?

In the past 2 years, Eastman Kodak's cash and equivalents has ranged from $201 million in 2024 to $255 million in 2023, and is currently $201 million as of their latest financial filing in 2024.

How has Eastman Kodak's book value per share changed over the last 2 years?

Over the last 2 years, Eastman Kodak's book value per share changed from 13.16 in 2022 to 7.97 in 2024, a change of -39.4%.

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This page (NYSE:KODK) was last updated on 4/21/2025 by MarketBeat.com Staff

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Eastman Kodak (KODK) Financials

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Eastman Kodak (KODK) Financials

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