Eastman Kodak (KODK) Financials

$5.99 +0.11 (+1.87%)

Closing price 03:59 PM Eastern

Extended Trading

$6.04 +0.05 (+0.92%)

As of 07:28 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	102	75	26
Consolidated Net Income / (Loss)	102	75	26
Net Income / (Loss) Continuing Operations	102	75	26
Total Pre-Tax Income	110	87	31
Total Operating Income	-7.00	4.00	-26
Total Gross Profit	203	210	170
Total Revenue	1,043	1,117	1,205
Operating Revenue	1,043	1,117	1,205
Total Cost of Revenue	840	907	1,035
Operating Cost of Revenue	840	907	1,035
Total Operating Expenses	210	206	196
Selling, General & Admin Expense	179	159	153
Research & Development Expense	33	34	34
Other Operating Expenses / (Income)	-10	6.00	-1.00
Restructuring Charge	8.00	7.00	10
Total Other Income / (Expense), net	117	83	57
Interest Expense	59	79	40
Other Income / (Expense), net	176	162	97
Income Tax Expense	8.00	12	5.00
Basic Earnings per Share	$0.97	$0.71	$0.16
Weighted Average Basic Shares Outstanding	80.10M	79.40M	78.90M
Diluted Earnings per Share	$0.90	$0.67	$0.16
Weighted Average Diluted Shares Outstanding	92.30M	90.50M	80.60M
Weighted Average Basic & Diluted Shares Outstanding	80.60M	79.90M	79.14M

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	26	18	26	32	5.00	2.00	35	33	7.00	2.00
Consolidated Net Income / (Loss)	26	18	26	32	5.00	2.00	35	33	7.00	2.00
Net Income / (Loss) Continuing Operations	26	18	26	32	5.00	2.00	35	33	7.00	2.00
Total Pre-Tax Income	27	21	27	35	9.00	0.00	37	41	10	3.00
Total Operating Income	-8.00	-8.00	2.00	7.00	-13	2.00	10	5.00	-1.00	-7.00
Total Gross Profit	51	45	58	49	47	50	63	50	43	43
Total Revenue	266	261	267	249	275	269	295	278	305	289
Operating Revenue	266	261	267	249	275	269	295	278	305	289
Total Cost of Revenue	215	216	209	200	228	219	232	228	262	246
Operating Cost of Revenue	215	216	209	200	228	219	232	228	262	246
Total Operating Expenses	59	53	56	42	60	48	53	45	44	50
Selling, General & Admin Expense	43	44	47	45	45	40	40	34	30	39
Research & Development Expense	8.00	8.00	8.00	9.00	9.00	7.00	9.00	9.00	8.00	8.00
Other Operating Expenses / (Income)	6.00	0.00	1.00	-17	6.00	0.00	-1.00	1.00	-	-
Restructuring Charge	2.00	1.00	0.00	5.00	-	1.00	5.00	1.00	7.00	3.00
Total Other Income / (Expense), net	35	29	25	28	22	-2.00	27	36	11	10
Interest Expense	15	14	15	15	16	41	11	11	11	10
Other Income / (Expense), net	50	43	40	43	38	39	38	47	22	20
Income Tax Expense	1.00	3.00	1.00	3.00	4.00	-2.00	2.00	8.00	3.00	1.00
Basic Earnings per Share	$0.25	$0.16	$0.25	$0.31	$0.03	$0.00	$0.35	$0.33	$0.05	($0.01)
Weighted Average Basic Shares Outstanding	80.10M	80.30M	80.10M	79.70M	79.40M	79.50M	79.40M	79.10M	78.90M	79M
Diluted Earnings per Share	$0.22	$0.15	$0.23	$0.30	$0.05	$0.00	$0.32	$0.30	$0.06	($0.01)
Weighted Average Diluted Shares Outstanding	92.30M	92.70M	92.40M	91.30M	90.50M	79.50M	93M	92.20M	80.60M	79M
Weighted Average Basic & Diluted Shares Outstanding	80.60M	80.40M	80.30M	80.10M	79.90M	79.55M	79.47M	79.34M	79.14M	79.10M

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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-76	91	-137
Net Cash From Operating Activities	-7.00	38	-116
Net Cash From Continuing Operating Activities	-7.00	38	-116
Net Income / (Loss) Continuing Operations	102	75	26
Consolidated Net Income / (Loss)	102	75	26
Depreciation Expense	28	30	29
Non-Cash Adjustments To Reconcile Net Income	-164	-84	-89
Changes in Operating Assets and Liabilities, net	27	17	-82
Net Cash From Investing Activities	-39	-32	-56
Net Cash From Continuing Investing Activities	-39	-32	-56
Purchase of Property, Plant & Equipment	-56	-32	-31
Purchase of Investments	0.00	0.00	-25
Divestitures	17	0.00	0.00
Net Cash From Financing Activities	-23	85	43
Net Cash From Continuing Financing Activities	-23	85	43
Repayment of Debt	-17	-345	0.00
Repurchase of Common Equity	-1.00	0.00	-1.00
Payment of Dividends	-4.00	-4.00	-4.00
Issuance of Debt	0.00	435	49
Other Financing Activities, net	-1.00	-1.00	-1.00
Other Net Changes in Cash	-7.00	0.00	-8.00
Cash Interest Paid	31	26	23
Cash Income Taxes Paid	13	9.00	6.00

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-21	-38	-20	3.00	3.00	82	-2.00	8.00	6.00	-73
Net Cash From Operating Activities	4.00	-21	-7.00	17	17	-	7.00	14	14	-27
Net Cash From Continuing Operating Activities	4.00	-21	-7.00	17	17	-	7.00	14	14	-27
Net Income / (Loss) Continuing Operations	26	18	26	32	5.00	2.00	35	33	7.00	2.00
Consolidated Net Income / (Loss)	26	18	26	32	5.00	2.00	35	33	7.00	2.00
Depreciation Expense	7.00	8.00	6.00	7.00	7.00	7.00	8.00	8.00	7.00	8.00
Non-Cash Adjustments To Reconcile Net Income	-42	-13	-58	-51	-29	11	-36	-30	-15	-19
Changes in Operating Assets and Liabilities, net	13	-34	19	29	34	-20	-	3.00	15	-18
Net Cash From Investing Activities	-17	-20	-9.00	7.00	-17	-4.00	-6.00	-5.00	-12	-35
Net Cash From Continuing Investing Activities	-17	-20	-9.00	7.00	-17	-4.00	-6.00	-5.00	-12	-35
Purchase of Property, Plant & Equipment	-17	-20	-9.00	-10	-17	-4.00	-6.00	-5.00	-12	-10
Net Cash From Financing Activities	-2.00	-1.00	-2.00	-18	-2.00	89	-1.00	-1.00	-2.00	-2.00
Net Cash From Continuing Financing Activities	-2.00	-1.00	-2.00	-18	-2.00	89	-1.00	-1.00	-2.00	-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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,001	2,355	2,285
Total Current Assets	595	712	681
Cash & Equivalents	201	255	217
Accounts Receivable	138	195	177
Inventories, net	219	217	237
Other Current Assets	37	45	48
Plant, Property, & Equipment, net	189	169	154
Total Noncurrent Assets	1,217	1,474	1,450
Goodwill	12	12	12
Intangible Assets	20	24	28
Employee Benefit Assets	989	1,216	1,233
Other Noncurrent Operating Assets	104	112	115
Other Noncurrent Nonoperating Assets	92	110	62
Total Liabilities & Shareholders' Equity	2,001	2,355	2,285
Total Liabilities	1,142	1,214	1,041
Total Current Liabilities	261	283	293
Short-Term Debt	1.00	14	16
Accounts Payable	120	125	134
Other Current Liabilities	140	144	143
Total Noncurrent Liabilities	881	931	748
Long-Term Debt	466	457	316
Noncurrent Employee Benefit Liabilities	197	237	230
Other Noncurrent Operating Liabilities	218	237	202
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	218	210	203
Total Equity & Noncontrolling Interests	641	931	1,041
Total Preferred & Common Equity	641	931	1,041
Total Common Equity	641	931	1,041
Common Stock	1,150	1,156	1,160
Retained Earnings	-393	-495	-570
Treasury Stock	-12	-11	-11
Accumulated Other Comprehensive Income / (Loss)	-104	281	462

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,388	2,359	2,347	2,357	2,221	2,322	2,259
Total Current Assets	642	660	677	712	672	687	699
Cash & Equivalents	214	251	262	246	223	225	216
Accounts Receivable	143	139	139	191	161	167	164
Inventories, net	241	232	230	239	252	251	273
Other Current Assets	44	38	46	34	36	42	44
Plant, Property, & Equipment, net	190	177	171	161	155	153	147
Total Noncurrent Assets	1,556	1,522	1,499	1,484	1,394	1,482	1,413
Goodwill	12	12	12	12	12	12	12
Intangible Assets	21	22	23	25	26	27	30
Employee Benefit Assets	1,313	1,279	1,247	1,212	1,179	1,266	1,198
Other Noncurrent Operating Assets	110	109	111	116	115	115	116
Other Noncurrent Nonoperating Assets	100	100	106	119	62	62	57
Total Liabilities & Shareholders' Equity	2,388	2,359	2,347	2,357	2,221	2,322	2,259
Total Liabilities	1,190	1,184	1,184	1,190	1,047	1,049	1,157
Total Current Liabilities	266	278	274	271	292	295	297
Short-Term Debt	1.00	1.00	1.00	1.00	15	1.00	1.00
Accounts Payable	128	128	129	124	129	139	147
Other Current Liabilities	137	149	144	144	148	155	149
Total Noncurrent Liabilities	924	906	910	919	755	754	860
Long-Term Debt	460	453	447	451	324	320	312
Noncurrent Employee Benefit Liabilities	232	224	229	225	231	232	336
Other Noncurrent Operating Liabilities	232	229	234	243	200	202	212
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	216	214	212	208	207	205	201
Total Equity & Noncontrolling Interests	982	961	951	959	967	1,068	901
Total Preferred & Common Equity	982	961	951	959	967	1,068	901
Total Common Equity	982	961	951	959	967	1,068	901
Common Stock	1,152	1,154	1,156	1,158	1,159	1,161	1,162
Retained Earnings	-419	-437	-463	-500	-502	-537	-577
Treasury Stock	-12	-12	-11	-11	-11	-11	-11
Accumulated Other Comprehensive Income / (Loss)	261	256	269	312	321	455	327

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-6.62%	-7.30%	4.78%
EBITDA Growth	0.51%	96.00%	8.70%
EBIT Growth	1.81%	133.80%	16.39%
NOPAT Growth	-288.24%	115.81%	44.69%
Net Income Growth	36.00%	188.46%	8.33%
EPS Growth	34.33%	318.75%	-40.74%
Operating Cash Flow Growth	-118.42%	132.76%	-146.81%
Free Cash Flow Firm Growth	303.34%	110.21%	38.29%
Invested Capital Growth	-17.16%	-3.71%	59.29%
Revenue Q/Q Growth	-0.86%	-2.62%	-0.17%
EBITDA Q/Q Growth	9.44%	2.08%	20.48%
EBIT Q/Q Growth	11.18%	2.47%	33.96%
NOPAT Q/Q Growth	38.56%	-75.37%	54.84%
Net Income Q/Q Growth	25.93%	-2.60%	100.00%
EPS Q/Q Growth	23.29%	-1.47%	1,700.00%
Operating Cash Flow Q/Q Growth	-216.67%	8.57%	19.44%
Free Cash Flow Firm Q/Q Growth	304.31%	151.45%	51.71%
Invested Capital Q/Q Growth	-23.20%	-0.56%	13.60%
Profitability Metrics	-	-	-
Gross Margin	19.46%	18.80%	14.11%
EBITDA Margin	18.89%	17.55%	8.30%
Operating Margin	-0.67%	0.36%	-2.16%
EBIT Margin	16.20%	14.86%	5.89%
Profit (Net Income) Margin	9.78%	6.71%	2.16%
Tax Burden Percent	92.73%	86.21%	83.87%
Interest Burden Percent	65.09%	52.41%	43.66%
Effective Tax Rate	7.27%	13.79%	16.13%
Return on Invested Capital (ROIC)	-0.57%	0.27%	-2.07%
ROIC Less NNEP Spread (ROIC-NNEP)	76.92%	91.42%	-86.68%
Return on Net Nonoperating Assets (RNNOA)	10.77%	6.02%	4.41%
Return on Equity (ROE)	10.20%	6.29%	2.34%
Cash Return on Invested Capital (CROIC)	18.20%	4.05%	-47.80%
Operating Return on Assets (OROA)	7.76%	7.16%	3.19%
Return on Assets (ROA)	4.68%	3.23%	1.17%
Return on Common Equity (ROCE)	8.02%	5.20%	1.92%
Return on Equity Simple (ROE_SIMPLE)	15.91%	8.06%	2.50%
Net Operating Profit after Tax (NOPAT)	-6.49	3.45	-22
NOPAT Margin	-0.62%	0.31%	-1.81%
Net Nonoperating Expense Percent (NNEP)	-77.49%	-91.15%	84.61%
Return On Investment Capital (ROIC_SIMPLE)	-0.59%	0.25%	-1.59%
Cost of Revenue to Revenue	80.54%	81.20%	85.89%
SG&A Expenses to Revenue	17.16%	14.23%	12.70%
R&D to Revenue	3.16%	3.04%	2.82%
Operating Expenses to Revenue	20.13%	18.44%	16.27%
Earnings before Interest and Taxes (EBIT)	169	166	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	197	196	100
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.82	0.33	0.23
Price to Tangible Book Value (P/TBV)	0.87	0.35	0.24
Price to Revenue (P/Rev)	0.51	0.28	0.20
Price to Earnings (P/E)	5.18	4.14	9.28
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	19.31%	24.17%	10.78%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.59	0.43
Enterprise Value to Revenue (EV/Rev)	0.97	0.66	0.46
Enterprise Value to EBITDA (EV/EBITDA)	5.14	3.76	5.59
Enterprise Value to EBIT (EV/EBIT)	5.99	4.44	7.88
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)	4.88	14.31	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.54	0.41	0.27
Long-Term Debt to Equity	0.54	0.40	0.25
Financial Leverage	0.14	0.07	-0.05
Leverage Ratio	2.18	1.95	2.01
Compound Leverage Factor	1.42	1.02	0.88
Debt to Total Capital	35.22%	29.22%	21.07%
Short-Term Debt to Total Capital	0.08%	0.87%	1.02%
Long-Term Debt to Total Capital	35.14%	28.35%	20.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.44%	13.03%	12.88%
Common Equity to Total Capital	48.34%	57.75%	66.05%
Debt to EBITDA	2.37	2.40	3.32
Net Debt to EBITDA	1.35	1.10	1.15
Long-Term Debt to EBITDA	2.37	2.33	3.16
Debt to NOPAT	-71.95	136.59	-15.22
Net Debt to NOPAT	-40.98	62.64	-5.27
Long-Term Debt to NOPAT	-71.79	132.53	-14.49
Altman Z-Score	1.00	0.78	0.62
Noncontrolling Interest Sharing Ratio	21.40%	17.32%	17.96%
Liquidity Ratios	-	-	-
Current Ratio	2.28	2.52	2.32
Quick Ratio	1.30	1.59	1.34
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	208	51	-504
Operating Cash Flow to CapEx	-12.50%	118.75%	-374.19%
Free Cash Flow to Firm to Interest Expense	3.52	0.65	-12.60
Operating Cash Flow to Interest Expense	-0.12	0.48	-2.90
Operating Cash Flow Less CapEx to Interest Expense	-1.07	0.08	-3.68
Efficiency Ratios	-	-	-
Asset Turnover	0.48	0.48	0.54
Accounts Receivable Turnover	6.26	6.01	6.85
Inventory Turnover	3.85	4.00	4.54
Fixed Asset Turnover	5.83	6.92	8.20
Accounts Payable Turnover	6.86	7.00	7.21
Days Sales Outstanding (DSO)	58.27	60.78	53.31
Days Inventory Outstanding (DIO)	94.73	91.35	80.41
Days Payable Outstanding (DPO)	53.23	52.11	50.61
Cash Conversion Cycle (CCC)	99.76	100.02	83.11
Capital & Investment Metrics	-	-	-
Invested Capital	1,033	1,247	1,295
Invested Capital Turnover	0.91	0.88	1.14
Increase / (Decrease) in Invested Capital	-214	-48	482
Enterprise Value (EV)	1,012	736	559
Market Capitalization	528	310	241
Book Value per Share	$7.97	$11.70	$13.16
Tangible Book Value per Share	$7.57	$11.25	$12.65
Total Capital	1,326	1,612	1,576
Total Debt	467	471	332
Total Long-Term Debt	466	457	316
Net Debt	266	216	115
Capital Expenditures (CapEx)	56	32	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	188	187
Debt-free Net Working Capital (DFNWC)	335	443	404
Net Working Capital (NWC)	334	429	388
Net Nonoperating Expense (NNE)	-108	-72	-48
Net Nonoperating Obligations (NNO)	174	106	51
Total Depreciation and Amortization (D&A)	28	30	29
Debt-free, Cash-free Net Working Capital to Revenue	12.85%	16.83%	15.52%
Debt-free Net Working Capital to Revenue	32.12%	39.66%	33.53%
Net Working Capital to Revenue	32.02%	38.41%	32.20%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.97	$0.71	$0.16
Adjusted Weighted Average Basic Shares Outstanding	80.10M	79.40M	78.90M
Adjusted Diluted Earnings per Share	$0.90	$0.67	$0.16
Adjusted Weighted Average Diluted Shares Outstanding	92.30M	90.50M	80.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	80.60M	79.90M	79.14M
Normalized Net Operating Profit after Tax (NOPAT)	0.93	9.48	-13
Normalized NOPAT Margin	0.09%	0.85%	-1.11%
Pre Tax Income Margin	10.55%	7.79%	2.57%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.86	2.10	1.78
NOPAT to Interest Expense	-0.11	0.04	-0.55
EBIT Less CapEx to Interest Expense	1.92	1.70	1.00
NOPAT Less CapEx to Interest Expense	-1.06	-0.36	-1.32
Payout Ratios	-	-	-
Dividend Payout Ratio	3.92%	5.33%	15.38%
Augmented Payout Ratio	4.90%	5.33%	19.23%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.27%	-2.97%	-9.49%	-10.43%	-9.84%	-6.92%	-8.10%	-4.14%	-0.65%	0.70%
EBITDA Growth	53.13%	-10.42%	-14.29%	-5.00%	14.29%	128.57%	55.56%	300.00%	154.55%	-16.00%
EBIT Growth	68.00%	-14.63%	-12.50%	-3.85%	19.05%	215.38%	65.52%	550.00%	600.00%	-27.78%
NOPAT Growth	-6.67%	-589.80%	-79.64%	59.03%	-931.75%	130.00%	798.65%	130.26%	96.30%	41.67%
Net Income Growth	420.00%	800.00%	-25.71%	-3.03%	-28.57%	0.00%	75.00%	1,200.00%	216.67%	-75.00%
EPS Growth	340.00%	0.00%	-28.13%	0.00%	-16.67%	100.00%	68.42%	475.00%	154.55%	-116.67%
Operating Cash Flow Growth	-76.47%	0.00%	-200.00%	21.43%	21.43%	0.00%	111.67%	132.56%	200.00%	-125.00%
Free Cash Flow Firm Growth	405.90%	13.09%	69.48%	115.80%	108.45%	88.74%	83.40%	46.50%	39.35%	-1,035.98%
Invested Capital Growth	-17.16%	7.26%	4.07%	-4.75%	-3.71%	10.00%	15.74%	50.35%	59.29%	686.21%
Revenue Q/Q Growth	1.92%	-2.25%	7.23%	-9.45%	2.23%	-8.81%	6.12%	-8.85%	5.54%	-9.97%
EBITDA Q/Q Growth	13.95%	-10.42%	-15.79%	78.13%	-33.33%	-14.29%	-6.67%	114.29%	33.33%	-41.67%
EBIT Q/Q Growth	20.00%	-16.67%	-16.00%	100.00%	-39.02%	-14.58%	-7.69%	147.62%	61.54%	-55.17%
NOPAT Q/Q Growth	-12.35%	-456.04%	-69.91%	188.62%	-615.87%	-85.20%	135.05%	674.91%	85.00%	-543.33%
Net Income Q/Q Growth	44.44%	-30.77%	-18.75%	540.00%	150.00%	-94.29%	6.06%	371.43%	250.00%	-90.00%
EPS Q/Q Growth	46.67%	-34.78%	-23.33%	500.00%	0.00%	-100.00%	6.67%	400.00%	700.00%	-105.26%
Operating Cash Flow Q/Q Growth	119.05%	-200.00%	-141.18%	0.00%	0.00%	0.00%	-50.00%	0.00%	151.85%	55.00%
Free Cash Flow Firm Q/Q Growth	310.81%	-103.55%	-170.28%	67.74%	136.21%	28.53%	63.61%	10.30%	51.71%	-5.34%
Invested Capital Q/Q Growth	-23.20%	5.24%	2.82%	-0.32%	-0.56%	2.12%	-5.90%	0.77%	13.60%	7.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.17%	17.24%	21.72%	19.68%	17.09%	18.59%	21.36%	17.99%	14.10%	14.88%
EBITDA Margin	18.42%	16.48%	17.98%	22.89%	11.64%	17.84%	18.98%	21.58%	9.18%	7.27%
Operating Margin	-3.01%	-3.07%	0.75%	2.81%	-4.73%	0.74%	3.39%	1.80%	-0.33%	-2.42%
EBIT Margin	15.79%	13.41%	15.73%	20.08%	9.09%	15.24%	16.27%	18.71%	6.89%	4.50%
Profit (Net Income) Margin	9.77%	6.90%	9.74%	12.85%	1.82%	0.74%	11.86%	11.87%	2.30%	0.69%
Tax Burden Percent	96.30%	85.71%	96.30%	91.43%	55.56%	0.00%	94.59%	80.49%	70.00%	66.67%
Interest Burden Percent	64.29%	60.00%	64.29%	70.00%	36.00%	0.00%	77.08%	78.85%	47.62%	23.08%
Effective Tax Rate	3.70%	14.29%	3.70%	8.57%	44.44%	0.00%	5.41%	19.51%	30.00%	33.33%
Return on Invested Capital (ROIC)	-2.65%	-2.13%	0.61%	2.20%	-2.31%	0.50%	3.27%	1.59%	-0.26%	-3.03%
ROIC Less NNEP Spread (ROIC-NNEP)	21.42%	19.12%	31.28%	47.91%	13.26%	1.46%	343.81%	-70.85%	-13.89%	-11.58%
Return on Net Nonoperating Assets (RNNOA)	3.00%	1.89%	2.09%	2.20%	0.87%	0.08%	2.27%	2.52%	0.71%	1.25%
Return on Equity (ROE)	0.35%	-0.24%	2.70%	4.40%	-1.44%	0.58%	5.54%	4.11%	0.44%	-1.78%
Cash Return on Invested Capital (CROIC)	18.20%	-7.82%	-4.14%	5.30%	4.05%	-8.35%	-14.07%	-40.38%	-47.80%	-162.38%
Operating Return on Assets (OROA)	7.56%	5.95%	7.28%	9.36%	4.38%	7.57%	8.38%	9.90%	3.72%	2.86%
Return on Assets (ROA)	4.68%	3.06%	4.51%	5.99%	0.88%	0.37%	6.11%	6.28%	1.24%	0.44%
Return on Common Equity (ROCE)	0.27%	-0.19%	2.22%	3.64%	-1.19%	0.47%	4.55%	3.37%	0.36%	-1.29%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.25%	6.76%	7.78%	0.00%	8.03%	7.96%	5.81%	0.00%	1.44%
Net Operating Profit after Tax (NOPAT)	-7.70	-6.86	1.93	6.40	-7.22	1.40	9.46	4.02	-0.70	-4.67
NOPAT Margin	-2.90%	-2.63%	0.72%	2.57%	-2.63%	0.52%	3.21%	1.45%	-0.23%	-1.61%
Net Nonoperating Expense Percent (NNEP)	-24.07%	-21.25%	-30.67%	-45.71%	-15.57%	-0.96%	-340.54%	72.44%	13.63%	8.55%
Return On Investment Capital (ROIC_SIMPLE)	-0.70%	-	-	-	-0.52%	-	-	-	-0.05%	-
Cost of Revenue to Revenue	80.83%	82.76%	78.28%	80.32%	82.91%	81.41%	78.64%	82.01%	85.90%	85.12%
SG&A Expenses to Revenue	16.17%	16.86%	17.60%	18.07%	16.36%	14.87%	13.56%	12.23%	9.84%	13.49%
R&D to Revenue	3.01%	3.07%	3.00%	3.61%	3.27%	2.60%	3.05%	3.24%	2.62%	2.77%
Operating Expenses to Revenue	22.18%	20.31%	20.97%	16.87%	21.82%	17.84%	17.97%	16.19%	14.43%	17.30%
Earnings before Interest and Taxes (EBIT)	42	35	42	50	25	41	48	52	21	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	43	48	57	32	48	56	60	28	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.82	0.39	0.45	0.42	0.33	0.35	0.38	0.30	0.23	0.40
Price to Tangible Book Value (P/TBV)	0.87	0.40	0.46	0.43	0.35	0.36	0.39	0.32	0.24	0.42
Price to Revenue (P/Rev)	0.51	0.36	0.41	0.36	0.28	0.29	0.31	0.27	0.20	0.30
Price to Earnings (P/E)	5.18	4.68	6.63	5.34	4.14	4.35	4.76	5.23	9.28	27.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	19.31%	21.37%	15.08%	18.71%	24.17%	23.01%	21.01%	19.11%	10.78%	3.58%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.63	0.66	0.64	0.59	0.60	0.56	0.48	0.43	0.58
Enterprise Value to Revenue (EV/Rev)	0.97	0.80	0.80	0.73	0.66	0.65	0.59	0.52	0.46	0.55
Enterprise Value to EBITDA (EV/EBITDA)	5.14	4.68	4.58	4.11	3.76	3.90	4.18	4.31	5.59	7.96
Enterprise Value to EBIT (EV/EBIT)	5.99	5.54	5.37	4.84	4.44	4.62	5.15	5.44	7.88	12.47
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	144.76	213.51	53.47	116.42	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	140.34	31.41	19.35	19.38	21.39	86.20	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	4.88	0.00	0.00	11.76	14.31	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.38	0.39	0.39	0.41	0.39	0.29	0.25	0.27	0.28
Long-Term Debt to Equity	0.54	0.38	0.39	0.38	0.40	0.39	0.28	0.25	0.25	0.28
Financial Leverage	0.14	0.10	0.07	0.05	0.07	0.06	0.01	-0.04	-0.05	-0.11
Leverage Ratio	2.18	2.01	1.95	1.92	1.95	2.03	1.99	2.00	2.01	2.63
Compound Leverage Factor	1.40	1.20	1.25	1.34	0.70	0.00	1.54	1.58	0.96	0.61
Debt to Total Capital	35.22%	27.79%	27.87%	27.81%	29.22%	27.92%	22.41%	20.14%	21.07%	22.12%
Short-Term Debt to Total Capital	0.08%	0.06%	0.06%	0.06%	0.87%	0.06%	0.99%	0.06%	1.02%	0.07%
Long-Term Debt to Total Capital	35.14%	27.73%	27.81%	27.75%	28.35%	27.86%	21.41%	20.08%	20.05%	22.05%
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	16.44%	13.02%	13.14%	13.16%	13.03%	12.85%	13.68%	12.86%	12.88%	14.20%
Common Equity to Total Capital	48.34%	59.19%	58.99%	59.03%	57.75%	59.23%	63.91%	67.00%	66.05%	63.67%
Debt to EBITDA	2.37	2.56	2.45	2.32	2.40	2.35	2.05	2.21	3.32	3.77
Net Debt to EBITDA	1.35	1.37	1.10	0.96	1.10	1.07	0.70	0.66	1.15	1.17
Long-Term Debt to EBITDA	2.37	2.56	2.45	2.32	2.33	2.35	1.96	2.21	3.16	3.76
Debt to NOPAT	-71.95	-43.63	-247.95	81.73	136.59	32.29	57.23	-188.98	-15.22	-6.48
Net Debt to NOPAT	-40.98	-23.38	-110.87	33.93	62.64	14.71	19.58	-56.52	-5.27	-2.01
Long-Term Debt to NOPAT	-71.79	-43.54	-247.41	81.55	132.53	32.21	54.70	-188.39	-14.49	-6.46
Altman Z-Score	0.79	0.62	0.66	0.66	0.59	0.64	0.70	0.65	0.55	0.60
Noncontrolling Interest Sharing Ratio	21.40%	17.93%	17.92%	17.12%	17.32%	18.03%	17.85%	17.89%	17.96%	27.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.28	2.41	2.37	2.47	2.52	2.63	2.30	2.33	2.32	2.35
Quick Ratio	1.30	1.34	1.40	1.46	1.59	1.61	1.32	1.33	1.34	1.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	206	-98	-48	68	41	-113	-158	-433	-483	-1,000
Operating Cash Flow to CapEx	23.53%	-105.00%	-77.78%	170.00%	100.00%	0.00%	116.67%	280.00%	116.67%	-270.00%
Free Cash Flow to Firm to Interest Expense	13.75	-6.99	-3.20	4.56	2.55	-2.75	-14.32	-39.36	-43.88	-99.97
Operating Cash Flow to Interest Expense	0.27	-1.50	-0.47	1.13	1.06	0.00	0.64	1.27	1.27	-2.70
Operating Cash Flow Less CapEx to Interest Expense	-0.87	-2.93	-1.07	0.47	0.00	0.00	0.09	0.82	0.18	-3.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.44	0.46	0.47	0.48	0.50	0.52	0.53	0.54	0.64
Accounts Receivable Turnover	6.26	6.30	7.07	7.11	6.01	6.46	6.63	6.84	6.85	7.29
Inventory Turnover	3.85	3.55	3.54	3.65	4.00	3.68	3.77	4.04	4.54	4.08
Fixed Asset Turnover	5.83	5.99	6.39	6.72	6.92	7.45	7.78	7.95	8.20	8.41
Accounts Payable Turnover	6.86	6.77	6.66	6.56	7.00	6.94	6.52	6.27	7.21	7.03
Days Sales Outstanding (DSO)	58.27	57.94	51.65	51.33	60.78	56.48	55.05	53.39	53.31	50.05
Days Inventory Outstanding (DIO)	94.73	102.70	103.19	99.87	91.35	99.30	96.91	90.34	80.41	89.42
Days Payable Outstanding (DPO)	53.23	53.92	54.79	55.64	52.11	52.56	55.99	58.23	50.61	51.94
Cash Conversion Cycle (CCC)	99.76	106.72	100.05	95.55	100.02	103.22	95.96	85.50	83.11	87.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,033	1,345	1,278	1,243	1,247	1,254	1,228	1,305	1,295	1,140
Invested Capital Turnover	0.91	0.81	0.85	0.85	0.88	0.96	1.02	1.10	1.14	1.88
Increase / (Decrease) in Invested Capital	-214	91	50	-62	-48	114	167	437	482	995
Enterprise Value (EV)	1,012	842	848	794	736	749	690	625	559	661
Market Capitalization	528	379	431	396	310	335	367	324	241	363
Book Value per Share	$7.97	$12.23	$12.00	$11.93	$11.70	$12.07	$12.19	$13.50	$13.16	$11.40
Tangible Book Value per Share	$7.57	$11.82	$11.57	$11.49	$11.25	$11.60	$11.71	$13.00	$12.65	$10.87
Total Capital	1,326	1,659	1,629	1,611	1,612	1,619	1,513	1,594	1,576	1,415
Total Debt	467	461	454	448	471	452	339	321	332	313
Total Long-Term Debt	466	460	453	447	457	451	324	320	316	312
Net Debt	266	247	203	186	216	206	116	96	115	97
Capital Expenditures (CapEx)	17	20	9.00	10	17	4.00	6.00	5.00	12	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	134	163	132	142	188	196	172	168	187	187
Debt-free Net Working Capital (DFNWC)	335	377	383	404	443	442	395	393	404	403
Net Working Capital (NWC)	334	376	382	403	429	441	380	392	388	402
Net Nonoperating Expense (NNE)	-34	-25	-24	-26	-12	-0.60	-26	-29	-7.70	-6.67
Net Nonoperating Obligations (NNO)	174	147	103	80	106	87	54	32	51	38
Total Depreciation and Amortization (D&A)	7.00	8.00	6.00	7.00	7.00	7.00	8.00	8.00	7.00	8.00
Debt-free, Cash-free Net Working Capital to Revenue	12.85%	15.49%	12.45%	13.05%	16.83%	17.09%	14.74%	14.08%	15.52%	15.49%
Debt-free Net Working Capital to Revenue	32.12%	35.84%	36.13%	37.13%	39.66%	38.54%	33.85%	32.94%	33.53%	33.39%
Net Working Capital to Revenue	32.02%	35.74%	36.04%	37.04%	38.41%	38.45%	32.56%	32.86%	32.20%	33.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.16	$0.25	$0.31	$0.03	$0.00	$0.35	$0.33	$0.05	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	80.10M	80.30M	80.10M	79.70M	79.40M	79.50M	79.40M	79.10M	78.90M	79M
Adjusted Diluted Earnings per Share	$0.22	$0.15	$0.23	$0.30	$0.05	$0.00	$0.32	$0.30	$0.06	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	92.30M	92.70M	92.40M	91.30M	90.50M	79.50M	93M	92.20M	80.60M	79M
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	80.60M	80.40M	80.30M	80.10M	79.90M	79.55M	79.47M	79.34M	79.14M	79.10M
Normalized Net Operating Profit after Tax (NOPAT)	-5.78	-6.00	1.93	11	-7.22	2.10	14	4.83	4.20	-2.67
Normalized NOPAT Margin	-2.17%	-2.30%	0.72%	4.41%	-2.63%	0.78%	4.81%	1.74%	1.38%	-0.92%
Pre Tax Income Margin	10.15%	8.05%	10.11%	14.06%	3.27%	0.00%	12.54%	14.75%	3.28%	1.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.80	2.50	2.80	3.33	1.56	1.00	4.36	4.73	1.91	1.30
NOPAT to Interest Expense	-0.51	-0.49	0.13	0.43	-0.45	0.03	0.86	0.37	-0.06	-0.47
EBIT Less CapEx to Interest Expense	1.67	1.07	2.20	2.67	0.50	0.90	3.82	4.27	0.82	0.30
NOPAT Less CapEx to Interest Expense	-1.65	-1.92	-0.47	-0.24	-1.51	-0.06	0.31	-0.09	-1.15	-1.47
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.92%	4.94%	6.15%	5.41%	5.33%	5.19%	5.19%	6.45%	15.38%	30.77%
Augmented Payout Ratio	4.90%	6.17%	7.69%	5.41%	5.33%	5.19%	5.19%	6.45%	19.23%	38.46%

Frequently Asked Questions About Eastman Kodak's Financials

When does Eastman Kodak's financial year end?

According to the most recent income statement we have on file, Eastman Kodak's fiscal year ends in December. Their fiscal 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 5/27/2025 by MarketBeat.com Staff

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Eastman Kodak (KODK) Financials

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Eastman Kodak (KODK) Financials

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