NYSE : KODK
Eastman Kodak Company — Financial statements
Industrials · Specialty Business Services · United States
Last price 9.33 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 913.47M
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Financial statements
Eastman Kodak Company (KODK) reported revenue of 1.14B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.14B | 1.07B | 1.04B | 1.12B | 1.21B | 1.15B |
| Cost of Revenue | 860.00M | 836.00M | 840.00M | 904.00M | 1.03B | 986.00M |
| Gross Profit | 275.00M | 233.00M | 203.00M | 213.00M | 173.00M | 164.00M |
| Selling, General & Admin | 91.00M | 47.00M | 6.00M | 13.00M | 55.00M | 75.00M |
| Research & Development | 32.00M | 33.00M | 33.00M | 34.00M | 34.00M | 33.00M |
| Other Operating Expenses | 3.00M | 1.00M | 2.00M | 1.00M | -1.00M | |
| Operating Expenses | 126.00M | 81.00M | 41.00M | 48.00M | 88.00M | 108.00M |
| Operating Income | 149.00M | 152.00M | 162.00M | 165.00M | 85.00M | 56.00M |
| Interest Expense | -45.00M | -62.00M | -59.00M | -52.00M | -40.00M | -33.00M |
| Interest & Investment Income | 13.00M | 10.00M | 12.00M | 15.00M | 1.00M | |
| Currency Exchange Gain (Loss) | -10.00M | -11.00M | -9.00M | -9.00M | -4.00M | -2.00M |
| Other Non Operating Income (Expenses) | -150.00M | -148.00M | -5.00M | 2.00M | 7.00M | |
| EBT Excluding Unusual Items | -43.00M | -59.00M | 106.00M | 114.00M | 44.00M | 28.00M |
| Merger & Restructuring Charges | -11.00M | -21.00M | -8.00M | -10.00M | -13.00M | -6.00M |
| Gain (Loss) on Sale of Investments | -22.00M | -22.00M | ||||
| Gain (Loss) on Sale of Assets | 17.00M | -1.00M | ||||
| Asset Writedown | 15.00M | -2.00M | -4.00M | -5.00M | -1.00M | |
| Legal Settlements | -6.00M | -2.00M | -1.00M | 1.00M | 7.00M | |
| Other Unusual Items | -9.00M | -7.00M | -27.00M | |||
| Pretax Income | -75.00M | -112.00M | 110.00M | 87.00M | 31.00M | 28.00M |
| Income Tax Expense | 19.00M | 16.00M | 8.00M | 12.00M | 5.00M | 4.00M |
| Earnings From Continuing Operations | -94.00M | -128.00M | 102.00M | 75.00M | 26.00M | 24.00M |
| Net Income to Company | -94.00M | -128.00M | 102.00M | 75.00M | 26.00M | 24.00M |
| Net Income | -94.00M | -128.00M | 102.00M | 75.00M | 26.00M | 24.00M |
| Preferred Dividends & Other Adjustments | 29.00M | 27.00M | 24.00M | 19.00M | 13.00M | 2.00M |
| Net Income to Common | -123.00M | -155.00M | 78.00M | 56.00M | 13.00M | 22.00M |
| Shares Outstanding (Basic) | 95.45M | 87.00M | 80.10M | 79.40M | 78.90M | 78.40M |
| Shares Outstanding (Diluted) | 95.45M | 87.00M | 92.30M | 90.50M | 80.60M | 80.50M |
| EPS (Basic) | -1.29 | -1.78 | 0.97 | 0.71 | 0.16 | 0.28 |
| EPS (Diluted) | -1.29 | -1.78 | 0.90 | 0.67 | 0.16 | 0.27 |
| Free Cash Flow | 464.00M | 446.00M | -63.00M | 6.00M | -147.00M | -68.00M |
| Free Cash Flow Per Share | 4.86 | 5.13 | -0.68 | 0.07 | -1.82 | -0.84 |
| Gross Margin | 24.23% | 21.80% | 19.46% | 19.07% | 14.36% | 14.26% |
| Operating Margin | 13.13% | 14.22% | 15.53% | 14.77% | 7.05% | 4.87% |
| Profit Margin | -10.84% | -14.50% | 7.48% | 5.01% | 1.08% | 1.91% |
| Free Cash Flow Margin | 40.88% | 41.72% | -6.04% | 0.54% | -12.20% | -5.91% |
| EBITDA | 177.00M | 181.00M | 190.00M | 195.00M | 114.00M | 87.00M |
| EBITDA Margin | 15.60% | 16.93% | 18.22% | 17.46% | 9.46% | 7.56% |
| D&A For EBITDA | 28.00M | 29.00M | 28.00M | 30.00M | 29.00M | 31.00M |
| EBIT | 149.00M | 152.00M | 162.00M | 165.00M | 85.00M | 56.00M |
| EBIT Margin | 13.13% | 14.22% | 15.53% | 14.77% | 7.05% | 4.87% |
| Effective Tax Rate | 7.27% | 13.79% | 16.13% | 14.29% | ||
| Revenue as Reported | 1.14B | 1.07B | 1.04B | 1.12B | 1.21B | 1.15B |
| Advertising Expenses | 3.00M | 4.00M | 2.00M | 3.00M | 2.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 290.00M | 337.00M | 201.00M | 255.00M | 217.00M | 362.00M |
| Short-Term Investments | 99.00M | |||||
| Cash & Short-Term Investments | 290.00M | 436.00M | 201.00M | 255.00M | 217.00M | 362.00M |
| Accounts Receivable | 159.00M | 151.00M | 144.00M | 196.00M | 178.00M | 178.00M |
| Other Receivables | 2.00M | 2.00M | 2.00M | 5.00M | ||
| Receivables | 161.00M | 153.00M | 146.00M | 201.00M | 178.00M | 178.00M |
| Inventory | 253.00M | 218.00M | 219.00M | 217.00M | 237.00M | 219.00M |
| Restricted Cash | 8.00M | 9.00M | 8.00M | 12.00M | 7.00M | 7.00M |
| Other Current Assets | 54.00M | 25.00M | 21.00M | 27.00M | 42.00M | 41.00M |
| Total Current Assets | 766.00M | 841.00M | 595.00M | 712.00M | 681.00M | 807.00M |
| Property, Plant & Equipment | 230.00M | 228.00M | 216.00M | 199.00M | 193.00M | 187.00M |
| Long-Term Investments | 53.00M | |||||
| Goodwill | 12.00M | 12.00M | 12.00M | 12.00M | 12.00M | 12.00M |
| Other Intangible Assets | 17.00M | 17.00M | 20.00M | 24.00M | 28.00M | 34.00M |
| Other Long-Term Assets | 502.00M | 466.00M | 1.16B | 1.41B | 1.37B | 1.13B |
| Total Assets | 1.53B | 1.62B | 2.00B | 2.35B | 2.29B | 2.17B |
| Accounts Payable | 108.00M | 101.00M | 120.00M | 125.00M | 134.00M | 153.00M |
| Accrued Expenses | 59.00M | 62.00M | 67.00M | 68.00M | 67.00M | |
| Current Portion of Long-Term Debt | 2.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Current Portion of Leases | 11.00M | 11.00M | 11.00M | 13.00M | 15.00M | 13.00M |
| Current Unearned Revenue | 42.00M | 35.00M | 37.00M | 40.00M | 43.00M | |
| Other Current Liabilities | 142.00M | 54.00M | 32.00M | 40.00M | 35.00M | 32.00M |
| Total Current Liabilities | 263.00M | 268.00M | 261.00M | 283.00M | 293.00M | 309.00M |
| Long-Term Debt | 108.00M | 207.00M | 465.00M | 456.00M | 315.00M | 252.00M |
| Long-Term Leases | 27.00M | 31.00M | 22.00M | 25.00M | 32.00M | 46.00M |
| Long-Term Unearned Revenue | 49.00M | 52.00M | 57.00M | 63.00M | 11.00M | 14.00M |
| Pension & Post-Retirement Benefits | 186.00M | 191.00M | 197.00M | 237.00M | 230.00M | 382.00M |
| Long-Term Deferred Tax Liabilities | 29.00M | 28.00M | 24.00M | 27.00M | 27.00M | 29.00M |
| Other Long-Term Liabilities | 168.00M | 127.00M | 116.00M | 123.00M | 133.00M | 162.00M |
| Total Liabilities | 830.00M | 904.00M | 1.14B | 1.21B | 1.04B | 1.19B |
| Common Stock | 1.00M | 1.00M | ||||
| Additional Paid-In Capital | 1.29B | 1.28B | 1.15B | 1.16B | 1.16B | 1.17B |
| Retained Earnings | -520.00M | -521.00M | -393.00M | -495.00M | -570.00M | -596.00M |
| Treasury Stock | -29.00M | -26.00M | -12.00M | -11.00M | -11.00M | -10.00M |
| Comprehensive Income & Other | -115.00M | -118.00M | -104.00M | 281.00M | 462.00M | 221.00M |
| Total Common Equity | 623.00M | 614.00M | 641.00M | 931.00M | 1.04B | 781.00M |
| Shareholders' Equity | 697.00M | 713.00M | 859.00M | 1.14B | 1.24B | 977.00M |
| Total Liabilities & Equity | 1.53B | 1.62B | 2.00B | 2.35B | 2.29B | 2.17B |
| Total Debt | 148.00M | 250.00M | 499.00M | 495.00M | 363.00M | 312.00M |
| Net Cash (Debt) | 142.00M | 186.00M | -298.00M | -240.00M | -146.00M | 50.00M |
| Net Cash Per Share | 1.49 | 2.14 | -3.23 | -2.65 | -1.81 | 0.62 |
| Filing Date Shares Outstanding | 97.90M | 97.50M | 80.60M | 79.90M | 79.14M | 78.74M |
| Total Common Shares Outstanding | 97.90M | 97.40M | 80.50M | 79.60M | 79.10M | 78.70M |
| Working Capital | 503.00M | 573.00M | 334.00M | 429.00M | 388.00M | 498.00M |
| Book Value Per Share | 6.36 | 6.30 | 7.96 | 11.70 | 13.16 | 9.92 |
| Tangible Book Value | 594.00M | 585.00M | 609.00M | 895.00M | 1.00B | 735.00M |
| Tangible Book Value Per Share | 6.07 | 6.01 | 7.57 | 11.24 | 12.65 | 9.34 |
| Land | 49.00M | 45.00M | 55.00M | 51.00M | 49.00M | |
| Buildings | 162.00M | 137.00M | 137.00M | 134.00M | 130.00M | |
| Machinery | 440.00M | 410.00M | 394.00M | 371.00M | 366.00M | |
| Construction In Progress | 15.00M | 55.00M | 27.00M | 29.00M | 15.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -94.00M | -128.00M | 102.00M | 75.00M | 26.00M | 24.00M |
| Depreciation & Amortization | 28.00M | 29.00M | 28.00M | 30.00M | 29.00M | 31.00M |
| Loss (Gain) From Sale of Assets | -1.00M | -17.00M | 1.00M | |||
| Asset Writedown & Restructuring Costs | 7.00M | 24.00M | 4.00M | 5.00M | 1.00M | |
| Stock-Based Compensation | 16.00M | 5.00M | 6.00M | 7.00M | 5.00M | 7.00M |
| Other Operating Activities | 581.00M | 570.00M | -126.00M | -95.00M | -85.00M | -92.00M |
| Change in Accounts Receivable | -3.00M | 51.00M | -16.00M | -12.00M | -5.00M | |
| Change in Inventory | -18.00M | 6.00M | -7.00M | 19.00M | -31.00M | -19.00M |
| Change in Accounts Payable | -4.00M | -16.00M | -3.00M | -14.00M | -12.00M | 38.00M |
| Change in Other Net Operating Assets | -21.00M | -10.00M | -45.00M | 27.00M | -37.00M | -32.00M |
| Operating Cash Flow | 485.00M | 480.00M | -7.00M | 38.00M | -116.00M | -47.00M |
| Capital Expenditures | -21.00M | -34.00M | -56.00M | -32.00M | -31.00M | -21.00M |
| Sale of Property, Plant & Equipment | 5.00M | 17.00M | ||||
| Divestitures | 1.00M | |||||
| Investment in Securities | 89.00M | -25.00M | ||||
| Investing Cash Flow | 68.00M | -29.00M | -39.00M | -32.00M | -56.00M | -20.00M |
| Long-Term Debt Issued | 435.00M | 49.00M | 240.00M | |||
| Long-Term Debt Repaid | -306.00M | -18.00M | -345.00M | -1.00M | -1.00M | |
| Net Debt Issued (Repaid) | -407.00M | -306.00M | -18.00M | 90.00M | 48.00M | 239.00M |
| Issuance of Common Stock | 2.00M | 1.00M | 10.00M | |||
| Repurchase of Common Stock | -7.00M | -7.00M | -1.00M | -1.00M | -1.00M | |
| Preferred Dividends Paid | -4.00M | -2.00M | -4.00M | -4.00M | -4.00M | -7.00M |
| Dividends Paid | -4.00M | -2.00M | -4.00M | -4.00M | -4.00M | -7.00M |
| Other Financing Activities | -1.00M | -2.00M | ||||
| Financing Cash Flow | -416.00M | -314.00M | -23.00M | 85.00M | 43.00M | 238.00M |
| Foreign Exchange Rate Adjustments | -2.00M | 4.00M | -7.00M | -8.00M | -4.00M | |
| Net Cash Flow | 135.00M | 141.00M | -76.00M | 91.00M | -137.00M | 167.00M |
| Free Cash Flow | 464.00M | 446.00M | -63.00M | 6.00M | -147.00M | -68.00M |
| Free Cash Flow Margin | 40.88% | 41.72% | -6.04% | 0.54% | -12.20% | -5.91% |
| Free Cash Flow Per Share | 4.86 | 5.13 | -0.68 | 0.07 | -1.82 | -0.84 |
| Levered Free Cash Flow | 43.00M | 52.25M | 85.38M | 74.62M | -5.88M | 30.38M |
| Unlevered Free Cash Flow | 71.12M | 91.00M | 122.25M | 107.12M | 19.12M | 51.00M |
| Cash Interest Paid | 20.00M | 20.00M | 31.00M | 26.00M | 23.00M | 14.00M |
| Cash Income Tax Paid | 11.00M | 11.00M | 13.00M | 9.00M | 6.00M | 2.00M |
| Change in Working Capital | -46.00M | -20.00M | -4.00M | 16.00M | -92.00M | -18.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 869.51M | 815.54M | 528.23M | 310.26M | 241.26M | 368.09M |
| Enterprise Value | 727.51M | 1.30B | 1.02B | 763.26M | 587.26M | 493.09M |
| Last Close Price | 8.77 | 8.46 | 6.57 | 3.90 | 3.05 | 4.68 |
| PE Ratio | 6.77 | 5.54 | 18.56 | 16.73 | ||
| PS Ratio | 0.77 | 0.76 | 0.51 | 0.28 | 0.20 | 0.32 |
| PB Ratio | 1.38 | 1.14 | 0.61 | 0.27 | 0.19 | 0.38 |
| P/TBV Ratio | 1.46 | 1.39 | 0.87 | 0.35 | 0.24 | 0.50 |
| P/FCF Ratio | 1.87 | 1.83 | 51.71 | |||
| P/OCF Ratio | 1.79 | 1.70 | 8.16 | |||
| EV/Sales Ratio | 0.64 | 1.21 | 0.98 | 0.68 | 0.49 | 0.43 |
| EV/EBITDA Ratio | 4.11 | 7.16 | 5.39 | 3.91 | 5.15 | 5.67 |
| EV/EBIT Ratio | 4.88 | 8.52 | 6.32 | 4.63 | 6.91 | 8.80 |
| EV/FCF Ratio | 1.57 | 2.90 | 127.21 | |||
| Debt / Equity Ratio | 0.21 | 0.35 | 0.58 | 0.43 | 0.29 | 0.32 |
| Debt / EBITDA Ratio | 0.74 | 1.23 | 2.34 | 2.27 | 2.63 | 2.71 |
| Debt / FCF Ratio | 0.32 | 0.56 | 82.50 | |||
| Net Debt / Equity Ratio | -0.20 | -0.26 | 0.35 | 0.21 | 0.12 | -0.05 |
| Net Debt / EBITDA Ratio | -0.80 | -1.03 | 1.57 | 1.23 | 1.28 | -0.57 |
| Net Debt / FCF Ratio | -0.31 | -0.42 | -4.73 | 40.00 | -0.99 | 0.73 |
| Asset Turnover | 0.66 | 0.59 | 0.48 | 0.48 | 0.54 | 0.67 |
| Inventory Turnover | 3.50 | 3.83 | 3.85 | 3.98 | 4.53 | 4.64 |
| Quick Ratio | 1.72 | 2.20 | 1.33 | 1.61 | 1.35 | 1.75 |
| Current Ratio | 2.91 | 3.14 | 2.28 | 2.52 | 2.32 | 2.61 |
| Return on Equity (ROE) | -12.99% | -16.29% | 10.20% | 6.29% | 2.34% | 3.85% |
| Return on Assets (ROA) | 5.38% | 5.25% | 4.65% | 4.45% | 2.38% | 2.05% |
| Return on Invested Capital (ROIC) | 26.46% | 18.05% | 11.84% | 10.27% | 6.15% | 8.90% |
| Return on Capital Employed (ROCE) | 11.80% | 11.30% | 9.30% | 8.00% | 4.30% | 3.00% |
| Earnings Yield | -14.51% | -15.70% | 19.31% | 24.17% | 10.78% | 6.52% |
| FCF Yield | 53.37% | 54.69% | -11.93% | 1.93% | -60.93% | -18.47% |
| Payout Ratio | 3.92% | 5.33% | 15.38% | 29.17% | ||
| Buyback Yield / Dilution | -18.57% | 5.74% | -1.99% | -12.28% | -0.12% | -40.24% |