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Kodak

Dec 31, 2001 (In millions, except per share data)

Liabilities and

Assets Shareholders’ Equity

Current Assets Current Liabilities

Cash and cash equivalents $ 448 Payables $ 3,276

Short-term borrowings 1,378

Receivables 2,337

Accrued income taxes 544

Inventories 1,137

Current maturities of LTD 156

Deferred income tax charges 521

Other 240 Total current liabilities 5,354

Total current assets 4,683

Other Liabilities Properties

Long-term borrowings 1,666

Land, buildings and equipment at cost 12,982

Post-employment liabilities 2,728

Less: Accumulated depreciation 7,323

Other long-term liabilities 720

Net properties 5,659

Other Assets Total liabilities 10,468

Goodwill (net of accumulated

amortization of $920) _{948 Shareholders' Equity}

Other non-current assets _2,072

Common stock, par value $2.50 per share, 950,000,000 shares authorized; issued

Total Assets

391,292,760 shares Additional paid in capital

978

Retained earnings

849

Accumulated other comprehensive loss

7,431 (597)

Treasury stock, as cost, 100,363,059 shares

8,661

Total shareholders' equity

5,767

Total liabilities and equity

2,894

Kodak

For Year Ended Dec. 31, 2001 (In millions)

Sales $13,234

Cost of goods sold 8,670

Gross profit 4,564

Selling, general and administrative expenses 2,627

Research and development costs Goodwill amortization

779

Restructuring costs and asset impairments ₆₅₉

EARNINGS FROM OPERATIONS 345

Interest expense 219

Other income (charges) (18)

Earnings before income taxes 108

Provision for income taxes 32

76

NET EARNINGS

12 Bandi, 2007

’

Kodak

For year ended Dec. 31, 2001

Accumulated Additional Other

Common Pail In Retained Comprehensive Treasury

(In millions, except number of shares) Stock Capital Earnings Income (Loss) Stock Total

Shareholders’ Equity Dec 31, 2000 978 871 7,869 (482) (5,808) 3,428

Net earnings - - 76 - - 76

Other comprehensive income (loss): Unrealized holding gains arising during

period ($34 million pre-tax) - - - (21) - (21)

Reclassification adjustment for gains included

in net earnings ($13 million pre-tax) - - - 8 - 8

Currency translation adjustment - - - (98) - (98)

Minimum pension liability adjustment

($7 million pre-tax) - - - (37) - (37)

Hedging gains (losses) - - - 33 33

Comprehensive loss - - - (115) _- (115)

Cash dividends declared - - (514) - - (514)

Treasury stock repurchased (3,541,295 shares) - - - - (41) Treasury stock issued under employee plans

(1,393,105 shares) - (25) - - 82 57

-

-Shareholders’ Equity Dec 31, 2001 $978 $849 $7,431 $ (597) ($5,767) $2,894

(41)

Cash flows from operating activities:

Net Earnings $ 76

Adjustments to reconcile to net cash provided by operating activities: Depreciation and amortization

Restructuring costs

Provisions (benefit) for deferred income taxes

(Increase) decrease in receivables 252 (Increase) decrease in inventories

(Decrease) increase in liabilities excluding borrowings (529)

Other items, net 100

2,065

Cash flow from Investing activities:

Additions to properties (743)

Acquisitions, net of cash acquired (306) Marketable securities - sales

(52) Marketable securities - purchases

54

Net cash used in investing activities (1,047)

Cash flows from financing activities:

Net increase (decrease) in borrowings with original maturities of 90 days or less (695) Proceeds from other borrowings 1,907 Repayment of other borrowings (1,355)

Dividends to shareholders (643)

Exercise of employee stock options 22

Stock repurchase programs (44)

Net cash provided by (used in) financing activities (808) Effect of exchange rate changes on cash (8)

Net (decrease) increase in cash and cash equivalents ₂₀₂

Kodak

For year Ended Dec. 31, 2001 (In millions)

Net cash provided by operating activities

830 919

(44)

14 Bandi, 2007

Statement of Cash Flows for Year Ended Dec. 31, 2001

Operating Cash flows $ 2,065 Investing Cash flows (1,047) Financing Cash flows (808) Exchange rate changes on cash (8) Net Change in Cash $ 202 Cash Balance, Dec. 31, 2000 246 Cash Balance, Dec. 31, 2001 $ 448

Statement of Shareholders’ Equity for Year Ended Dec. 31, 2001

Share Capital, Dec. 31, 2000 $ 1,849 Adjustments/Stock Issue (22) Share Capital, Dec. 31, 2001 $ 1,827

Retained Earnings, Dec. 31, 2000 $ 7,387 Add: Comprehensive Income (39) Less: Dividends (514) Retained Earnings, Dec. 31, 2001 $ 6,834 for Year Ended Dec. 31, 2001

Sales $13,234

Expenses (13,158) Net Earnings $ 76 Other Comprehensive Income (115) Comprehensive Income $ (39) Balance Sheet

Dec. 31, 2000

Assets

Cash $ 246 Non-Cash Assets 13,966 Total Assets $14,212

Liabilities & Equity

Total liabilities $ 10,784

Equity:

Share Capital 1,849 Retained Earnings 7,387 Treasury Stock (5,808) Total equity $ 3,428

Liabilities & Equity $14,212

Balance Sheet Dec. 31, 2001

Assets

Cash $ 448 Non-Cash Assets 12,914 Total Assets $13,362

Liabilities & Equity

Total liabilities $10,468

Equity:

Share Capital 1,827 Retained Earnings 6,834 Treasury Stock (5,767) Total equity $ 2,894

Liabilities & Equity $13,362

(Period of time)

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Bandi, 2007 18

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