This Week
  • Pharos Systems International has grown to become a multinational enterprise.

  • The Market at I-Square is a milestone for the $18 million project in Irondequoit.

  • Leonard Brock grew up very poor and tries to help others in need.

  • For employees today, paid leave is one of the most important benefits.

  • New Simon School dean Andrew Ainslie has a plan to raise its national stature.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

Kodak logs decline in revenues, loss in July operating report

Rochester Business Journal
August 29, 2012

Eastman Kodak Co.'s latest monthly operating report with the U.S. Bankruptcy Court, filed Wednesday, shows the company narrowed its loss in July while revenues declined.

Kodak reported a net loss of $78.7 million on revenues of $162.5 million for the period of July 1 to July 31, versus a loss of $160.1 million on revenues of $180.2 million for the period of June 1 to June 30. That also is a bottom-line improvement from a net loss of $88.3 million on $173.6 million in revenues for period of May 1 to May 31.

The company had a gross loss of $3.2 million, compared with a gross profit of $19.2 million in June.

It listed cash and cash equivalents of $438.2 million on July 31, down from $510.2 million on June 30, $574.2 million on May 31 and $617.6 million on April 30.

The financials are contained in monthly operating reports filed to show asset use and cash for the U.S. entities of Kodak that are in Chapter 11. The company filed for bankruptcy Jan. 19. The reports include costs that Kodak is responsible for companywide.

The monthly reports are not comparable with typical quarterly financial reports, Kodak said. It does not provide comparison with the prior year on a comparable basis.

In addition, Kodak cautions that the monthly reports are prepared solely to comply with the bankruptcy court's reporting requirements; they have not been audited and were not prepared in accordance with generally accepted accounting principles.

(c) 2012 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