<SEC-DOCUMENT>0001157523-13-001344.txt : 20130311
<SEC-HEADER>0001157523-13-001344.hdr.sgml : 20130311
<ACCEPTANCE-DATETIME>20130311163751
ACCESSION NUMBER:		0001157523-13-001344
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130311
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130311
DATE AS OF CHANGE:		20130311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EASTMAN KODAK CO
		CENTRAL INDEX KEY:			0000031235
		STANDARD INDUSTRIAL CLASSIFICATION:	PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
		IRS NUMBER:				160417150
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00087
		FILM NUMBER:		13681233

	BUSINESS ADDRESS:	
		STREET 1:		343 STATE ST
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14650-0910
		BUSINESS PHONE:		7167244000

	MAIL ADDRESS:	
		STREET 1:		343 STATE STREET
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14650
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50588265.htm
<DESCRIPTION>EASTMAN KODAK COMPANY 8-K
<TEXT>
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      <font style="font-size: 12pt"><b>UNITED STATES</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      D.C. 20549</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of report (Date of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 10pt"><b>March
      11, 2013</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 14pt"><b>Eastman&#160;Kodak
      Company</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br><br>
    </p>
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    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
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        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>New Jersey</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 34%; text-align: center; padding-left: 0.0px; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-87</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 33%; text-align: center; padding-left: 0.0px; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>16-0417150</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%">

        </td>
        <td style="width: 34%">

        </td>
        <td style="width: 33%">
          &#160;
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          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction of Incorporation)
          </p>
        </td>
        <td valign="bottom" style="width: 34%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File<br>Number)
          </p>
        </td>
        <td valign="bottom" style="width: 33%; text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>343 State Street,</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Rochester, New York 14650</b>
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of Principal Executive Office)</font> <font style="font-family: Times New Roman; font-size: 10pt">(Zip
            Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt"><b>Registrant&#8217;s telephone number,
      including area code:</b></font><font style="font-size: 10pt"> </font><font style="font-size: 10pt"><b>(585)
      724-4000</b></font><br><br>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition</b>
    </p>
    <p>
      On March 11, 2013, Eastman Kodak Company issued a press release
      describing its 2012 financial results.&#160;&#160;A copy of the press release is
      attached as Exhibit (99.1) to this report.
    </p>
    <p>
      Within the Company&#8217;s 2012 earnings release, the Company makes reference
      to the non-GAAP financial measures, commercial imaging segments&#8217;
      improvement in operating loss and net loss excluding reorganization
      items, net and restructuring costs, which have directly comparable GAAP
      financial measures.
    </p>
    <p>
      The Company believes that these non-GAAP measures represent important
      internal measures of performance.&#160;&#160;Accordingly, they are provided to
      give the same financial data that management uses with the belief that
      this information will assist the users of it in properly assessing the
      underlying performance of the Company.&#160;&#160;Whenever such information is
      presented, the Company has complied with the provisions of the rules
      under Regulation G and Item 2.02 of Form 8-K.&#160;&#160;In addition to the reason
      described above, the Company&#8217;s management believes that the presentation
      of the non-GAAP financial measures allows the user of the information to
      assess the results on a more comparable basis.
    </p>
    <p>
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p>
      (d)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;Exhibit
    </p>
    <p>
      (99.1)&#160;&#160;&#160;&#160;&#160;Press release issued March 11, 2013, regarding the Company&#8217;s
      2012 financial results furnished with this document.
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt; font-family: Times New Roman">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>EASTMAN KODAK COMPANY</b>
          </p>
        </td>
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        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 45%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By: <u>/s/ Eric Samuels</u>
          </p>
        </td>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Eric Samuels
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Accounting Officer and Corporate Controller
          </p>
        </td>
      </tr>
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        </td>
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        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Eastman Kodak Company
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="width: 3%; text-align: left; padding-left: 0.0px">
          &#160;
        </td>
        <td style="width: 47%">

        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="width: 45%; text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            March 11, 2013
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EASTMAN KODAK COMPANY</b><br><b>INDEX TO EXHIBITS</b>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <p style="text-align: center">

    </p>
    <p>
      <b>Exhibit No.</b>
    </p>
    <p style="white-space: nowrap">
      (99.1)&#160;&#160;&#160;&#160;&#160;Press release issued March 11, 2013, regarding the Company&#8217;s
      2012 financial results.
    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50588265ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Kodak&#8217;s
      Operating Loss in Commercial Imaging Segments Narrows in 2012</b></font>
    </p>
    <p>
      ROCHESTER, N.Y.--(BUSINESS WIRE)--March 11, 2013--Eastman Kodak Company
      today filed its 2012 Form 10-K with the U.S. Securities and Exchange
      Commission, reporting an improvement in earnings for the two reporting
      segments comprising Commercial Imaging that it has indicated will be the
      strategic focus of the company in the future.
    </p>
    <p>
      The operating loss for the Commercial Imaging segments (Digital Printing
      and Enterprise and Graphics, Entertainment and Commercial Films)
      improved by $278 million in 2012. On a GAAP basis, the consolidated 2012
      loss from continuing operations before interest expense, other income
      (charges), net, reorganization items, net and income taxes increased by
      $33 million.
    </p>
    <p>
      Selling, general and administrative costs fell by $226 million as Kodak
      continued its focus on cost reductions. With other profit improvement
      initiatives implemented for 2013, Kodak believes it is on a path to
      emerge from Chapter 11 reorganization in mid-2013.
    </p>
    <p>
      Kodak reported a 2012 consolidated net loss of $1.38 billion. Excluding
      reorganization and restructuring costs totaling $1.07 billion, the loss
      for the year would have been $308 million.
    </p>
    <p>
      Kodak&#8217;s revenue of $4.11 billion in 2012 was a decline of 20% from the
      previous year, reflecting strategic decisions to focus on profitable
      businesses and accounts, soft industry demand as a result of the broader
      economic downturn in some businesses and regions, lower sales of
      traditional products, and unfavorable foreign exchange impact.
    </p>
    <p>
      &#8220;We progressed in 2012 by maintaining absolute focus on our customers,&#8221;
      said Antonio M. Perez, Chairman and Chief Executive Officer. &#8220;We earned
      our customers&#8217; continuing loyalty, and look forward to moving ahead with
      even deeper business relationships built around the industry&#8217;s most
      comprehensive and innovative portfolio of solutions.
    </p>
    <p>
      &#8220;We also optimized our use of the Chapter 11 process, which offers
      valuable restructuring advantages despite the many demands it also
      imposes.&#8221;
    </p>
    <p>
      The company&#8217;s worldwide cash balance was $1.14 billion at the end of
      2012.
    </p>
    <p>
      &#8220;Our momentum continues as we work to file our Plan of Reorganization
      and then complete the final actions that will enable us to emerge from
      Chapter 11 in mid-2013,&#8221; said Perez. &quot;Thanks to the talent and
      dedication of our employees, our 2012 performance was on track or ahead
      of our adjusted EBITDA and cash projections, and we have remained in
      compliance with the covenants of our debtor-in-possession facility,
      laying the foundation for emergence as a profitable, sustainable
      company.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-right: 0pt; width: 100%; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>CAUTIONARY STATEMENT PURSUANT TO SAFE HARBOR PROVISIONS OF THE
      PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</b>
    </p>
    <p>
      This document includes &#8220;forward-looking statements&#8221; as that term is
      defined under the Private Securities Litigation Reform Act of 1995.
      Forward-looking statements include statements concerning the Company&#8217;s
      plans, objectives, goals, strategies, future events, future revenue or
      performance, capital expenditures, liquidity, financing needs, business
      trends, and other information that is not historical information. When
      used in this document, the words &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221;
      &#8220;projects,&#8221; &#8220;plans,&#8221; &#8220;intends,&#8221; &#8220;believes,&#8221; &#8220;predicts,&#8221; &#8220;forecasts,&#8221; or
      future or conditional verbs, such as &#8220;will,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; or
      &#8220;may,&#8221; and variations of such words or similar expressions are intended
      to identify forward-looking statements. All forward-looking statements,
      including, without limitation, management&#8217;s examination of historical
      operating trends and data are based upon the Company&#8217;s expectations and
      various assumptions. Future events or results may differ from those
      anticipated or expressed in these forward-looking statements. Important
      factors that could cause actual events or results to differ materially
      from these forward-looking statements include, among others, the risks
      and uncertainties described in more detail in the Company&#8217;s most recent
      Annual Report on Form 10-K for the year ended December 31, 2012,
      Quarterly Reports on Form 10-Q for the quarters ended March 31, 2012,
      June 30, 2012 and September 30, 2012, under the headings &#8220;Business,&#8221;
      &#8220;Risk Factors,&#8221; and &#8220;Management&#8217;s Discussion and Analysis of Financial
      Condition and Results of Operations&#8211;Liquidity and Capital Resources,&#8221;
      and those described in filings made by the Company with the U.S.
      Bankruptcy Court for the Southern District of New York and in other
      filings the Company makes with the SEC from time to time, as well as the
      following: the Company&#8217;s ability to successfully emerge from Chapter 11
      as a profitable sustainable company; the ability of the Company and its
      subsidiaries to develop, secure approval of and consummate one or more
      plans of reorganization with respect to the Chapter 11 cases; the
      corporate governance of the Company prior to and following emergence
      from Chapter 11; the Company&#8217;s ability to improve its operating
      structure, financial results and profitability; the ability of the
      Company to achieve cash forecasts, financial projections, and projected
      growth; our ability to raise sufficient proceeds from the sale of
      businesses and non-core assets; the businesses the Company expects to
      emerge from Chapter 11; the ability of the company to discontinue
      certain businesses or operations; the ability of the Company to continue
      as a going concern; the Company&#8217;s ability to comply with the Earnings
      Before Interest, Taxes, Depreciation and Amortization (EBITDA) covenants
      in its Debtor-in-Possession Credit Agreement; our ability to obtain
      additional financing; the potential adverse effects of the Chapter 11
      proceedings on the Company&#8217;s liquidity, results of operations, brand or
      business prospects; the outcome of our intellectual property patent
      litigation matters; the Company&#8217;s ability to generate or raise cash and
      maintain a cash balance sufficient to comply with the minimum liquidity
      covenants in its Debtor-in-Possession Credit Agreement and to fund
      continued investments, capital needs, restructuring payments and service
      its debt; our ability to fairly resolve legacy liabilities; the
      resolution of claims against the Company; our ability to retain key
      executives, managers and employees; our ability to maintain product
      reliability and quality and growth in relevant markets; our ability to
      effectively anticipate technology trends and develop and market new
      products, solutions and technologies; the Company&#8217;s ability to satisfy
      any of the conditions to the closing of the Junior DIP Facility; the
      risk that the Offer, while extended, may be terminated by the Company
      and not consummated; and the impact of the global economic environment
      on the Company. There may be other factors that may cause the Company&#8217;s
      actual results to differ materially from the forward-looking statements.
      All forward-looking statements attributable to the Company or persons
      acting on its behalf apply only as of the date of this document, and are
      expressly qualified in their entirety by the cautionary statements
      included in this report. The Company undertakes no obligation to update
      or revise forward-looking statements to reflect events or circumstances
      that arise after the date made or to reflect the occurrence of
      unanticipated events.
    </p>
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      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Eastman Kodak Company</b><br><b>2012 Financial Results</b><br><b>Non-GAAP
      Reconciliation</b><br>
    </p>
    <p>
      Within the Company&#8217;s 2012 earnings release, reference is made to the
      non-GAAP financial measures of commercial imaging segments&#8217; improvement
      in operating loss and net loss excluding reorganization items, net and
      restructuring costs.
    </p>
    <p>
      The Company believes that these non-GAAP measures represent important
      internal measures of performance. Accordingly, they are provided to give
      the same financial data management uses with the belief that this
      information will assist users of it in properly assessing the underlying
      performance of the Company.
    </p>
    <p>
      The following reconciliations are provided with respect to terms used in
      the March 11, 2013, earnings release.
    </p>
    <p>
      The following table reconciles the commercial imaging segments&#8217;
      improvement in operating loss to the most directly comparable GAAP
      measures of loss from continuing operations before interest expense,
      other income (charges), net, reorganization items, net and income taxes
      (amounts in millions):
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="3" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-left: 0.0px; padding-right: 0.0px">
          <b>2012</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="3" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-left: 0.0px; padding-right: 0.0px">
          <b>2011</b>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" colspan="3" style="border-bottom: solid black 1.0pt; text-align: center; padding-left: 0.0px">
          <b>Improvement (decline)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Commercial imaging segments operational loss, as presented
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (244
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (522
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          278
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Personalized and document imaging businesses operational (loss)
          earnings
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (56
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          75
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (131
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Segment operating loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (300
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (447
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          147
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Restructuring costs and other (including restructuring related
          expenses reported in cost of sales)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (245
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (130
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (115
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Corporate component of pension and OPEB expenses (1)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (122
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (28
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (94
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Other operating income, net
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          94
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          65
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          29
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Loss from continuing operations before interest expense, other
          income (charges), net, reorganization items, net and income taxes
          (GAAP basis), as presented
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (573
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (540
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          (33
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: left; padding-left: 0.0px; padding-right: 0.0px">
          )
        </td>
      </tr>
    </table>
    </div>
    <p>
      (1) Includes interest cost, expected return on plan assets, amortization
      of actuarial gains and losses, and special termination benefits,
      curtailments and settlement components of pension and other
      post-retirement benefit expenses, except for settlements in connection
      with the chapter 11 bankruptcy proceedings that are recorded in
      Reorganization items, net in the Consolidated Statement of Operations.
    </p>
    <p>
      The following table reconciles net loss excluding reorganization items,
      net and restructuring costs to the most directly comparable GAAP measure
      of net loss (amounts in millions):
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" colspan="2" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: center; padding-left: 0.0px; padding-right: 0.0px">
          <b>2012</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Net loss excluding reorganization items, net and restructuring
          costs, as presented
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          308
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Reorganization items, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          843
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px">
          Restructuring costs and other
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom: solid black 1.0pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          228
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 4.0px; text-align: left; padding-left: 0.0px">
          Net loss (GAAP basis), as presented
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          $
        </td>
        <td valign="bottom" style="border-bottom: double black 2.25pt; white-space: nowrap; text-align: right; padding-left: 0.0px; padding-right: 0.0px">
          1,379
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Eastman Kodak Company</b><br><u><b>Media</b></u><b>:</b><br>Christopher
      Veronda, +1 585-724-2622,<br><u>christopher.veronda@kodak.com</u><br>Krista
      Gleason, +1 585-724-5952,<br><u>krista.gleason@kodak.com</u>
    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
