David Bullwinkle
CFO & Senior VP at Eastman Kodak Company
Foreign exchange had a favorable impact on cash of $2,000,000 in the current year quarter. Cash used in operating activities was $38,000,000 for the current year quarter, driven primarily by the use of cash from net earnings of $14,000,000 and the use of cash from balance sheet changes of $24,000,000 including a change in working capital of $17,000,000 a decrease in miscellaneous receivables of $3,000,000 and a decrease in other liabilities of $20,000,000 Within working capital, accounts payable increased by $6,000,000 inventory increased by $15,000,000 and accounts receivable increased by $8,000,000 The change in working capital for the prior year period included the receipt of $40,000,000 of cash proceeds from brand licensing. The team continues to focus on improving profitability and performance in working capital, which enhances the company's ability to generate cash. Cash used in investing activities was $7,000,000 for the current year quarter, primarily comprised of capital expenditures and reflects a $14,000,000 decrease when compared to the prior year quarter. The prior year quarter included proceeds from the sale of assets of $17,000,000 Cash used in financing activities for the first quarter of twenty twenty five improved by $16,000,000 when compared to the prior year quarter.