KODK FY 2023 Earnings Report — Eastman Kodak Company Revenue & Financial Results | Market Cap Arena

Eastman Kodak CompanyKODK

FY 2023 Earnings

Reported March 14, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.2B	—	-7.3%
Op. Income	$4M	—	-$26M	—	115.4%
Gross Margin	19.1%	—	14.4%	—	4.7pp
Net Margin	6.7%	—	2.2%	—	4.6pp
EPS (Diluted)	$0.67	—	$0.16	—	318.8%
Free Cash Flow	$6M	—	-$147M	—	104.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$904M
GROSS PROFIT	$213M
R&D Expenses	$34M
Selling & Marketing	$2M
General & Administrative	$11M
SG&A Expenses	$13M
Other Expenses	$162M
Operating Expenses	$209M
Cost & Expenses	$1.1B
OPERATING INCOME	$4M
Interest Income	$15M
Interest Expense	$52M
Other Income/Expenses	$83M
INCOME BEFORE TAX	$87M
Income Tax Expense	$12M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$30M
EBIT	$165M
EBITDA	$195M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$904M
GROSS PROFIT	$213M
R&D Expenses	$34M
Selling & Marketing	$2M
General & Administrative	$11M
SG&A Expenses	$13M
Other Expenses	$162M
Operating Expenses	$209M
Cost & Expenses	$1.1B
OPERATING INCOME	$4M
Interest Income	$15M
Interest Expense	$52M
Other Income/Expenses	$83M
INCOME BEFORE TAX	$87M
Income Tax Expense	$12M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$30M
EBIT	$165M
EBITDA	$195M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$30M
Stock-Based Compensation	$7M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$89M
Change in Working Capital	$16M
OPERATING CASH FLOW	$38M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	$90M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$85M
FREE CASH FLOW	$6M
Net Change in Cash	$91M

Balance Sheet

Item	Amount
Cash & Equivalents	$255M
Short-Term Investments	$0
Net Receivables	$195M
Inventory	$217M
Other Current Assets	$45M
TOTAL CURRENT ASSETS	$712M
PP&E (Net)	$199M
Goodwill	$12M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.4B
Account Payables	$125M
Short-Term Debt	$1M
Deferred Revenue	$37M
Other Current Liabilities	$97M
TOTAL CURRENT LIABILITIES	$283M
Long-Term Debt	$456M
Deferred Revenue NC	$63M
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$360M
TOTAL NON-CURRENT LIABILITIES	$931M
TOTAL LIABILITIES	$1.2B
Common Stock	$0
Additional Paid-In Capital	$1.2B
Retained Earnings	-$495M
Treasury Stock	-$11M
Accum. Other Comp. Income	$281M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$495M
Net Debt	$240M