This Week
  • UTC Retail Inc. grabbed the top spot on the 2014 Rochester Top 100.

  • Jean Maess is the site executive for Thomson Reuters, a top local employer.

  • UTC Retail Inc. grabbed the top spot on the 2014 Rochester Top 100.

  • Kelby Russell wants you to know: Local wines are among the world's finest.

  • The nominees for the upcoming 2014 Philanthropy Awards are profiled.

  • WebTitle Agency continues to grow following its 2012 merger with Customized Lenders Services.

Kodak posts net loss for December

Rochester Business Journal
January 31, 2013

Eastman Kodak Co. on Thursday reported a net loss in December of $272.4 million on sales of $152.1 million for its companies in bankruptcy. Its loss from continuing operations totaled $272 million.

The company listed cash and cash equivalents of $337.2 million on Dec. 31, down from $510.2 million on June 30 but up from $274.1 million in Nov. 30.

Kodak had reported a net loss of $60.8 million on sales of $162.9 million in November for its companies in bankruptcy. Its loss from continuing operations that month totaled $59.7 million.

The financials are contained in monthly operating reports filed with the U.S. Bankruptcy Court to show asset use and cash for the U.S. units of Kodak that are in Chapter 11. The company filed for bankruptcy Jan. 19, 2012.

The reports include costs that Kodak is responsible for companywide, but do not reflect its international businesses that were not part of the bankruptcy filing.

Kodak cautions that the monthly reports are prepared solely to comply with the bankruptcy court’s reporting requirements. They are unaudited and were not prepared in accordance with generally accepted accounting principles.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google