| --- | --- | --- | --- | |--------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Third Quarter 2021 | | | | | Earnings Call | | | | | November 9, 2021 | | | | Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined under the Private Securities Lit ...

Eastman Kodak Company (NYSE:KODK) Q3 2021 Earnings Conference Call November 9, 2021 5:00 PM ET Company Participants Paul Dils - Chief Tax Officer and Director, Investor Relations Jim Continenza - Executive Chairman and Chief Executive Officer David Bullwinkle - Chief Financial Officer Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eastman Kodak Q3 2021 Earnings Call. [Operator Instructions] I would now like to turn the call over to your host, Paul Dils. You may begin. Paul Dil ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period September 30, 2021 ended: or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-00087 EASTMAN KODAK COMPANY (Exact name of registrant as specified in its charter) NEW JERSEY 16-0417150 (State or other jurisdiction of ...

| --- | --- | --- | --- | |---------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Second Quarter 2021 | | | | | Earnings Call | | | | | August 10, 2021 | | | | Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined under the Private Securities Li ...

Eastman Kodak Company (NYSE:KODK) Q2 2021 Results Conference Call August 10, 2021 5:00 PM ET Company Participants Jim Continenza – Executive Chairman and Chief Executive Officer David Bullwinkle – Chief Financial Officer Paul Dils – Chief Tax Officer and Director, Investor Relations Conference Call Participants Operator Thank you for standing by and welcome to the Eastman Kodak Q2 2021 earnings conference call. At this time, all participants are on a listen-on mode. We will not be having [Indiscernible] Q&A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-00087 EASTMAN KODAK COMPANY (Exact name of registrant as specified in its charter) NEW JERSEY 16-0417150 (State or other jurisdiction of incor ...

Part I [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Q1 2021, showing improved net income and increased assets due to new financing Financial Performance Overview | Financial Metric | Q1 2021 (in millions) | Q1 2020 (in millions) | | :--- | :--- | :--- | | **Total Revenues** | $265 | $267 | | **Gross Profit** | $40 | $36 | | **Loss from Operations** | ($14) | ($21) | | **Net Income (Loss)** | $6 | ($111) | | **Diluted EPS** | $0.16 | ($2.66) | Balance Sheet Highlights | Balance Sheet Item | March 31, 2021 (in millions) | Dec 31, 2020 (in millions) | | :--- | :--- | :--- | | **Cash and cash equivalents** | $401 | $196 | | **Total Current Assets** | $834 | $627 | | **Total Assets** | $1,489 | $1,248 | | **Long-term debt, net** | $246 | $17 | | **Total Liabilities** | $1,193 | $980 | | **Total Shareholders' Equity** | $104 | $77 | - Net cash used in operating activities was **$16 million**, an improvement from **$41 million** in the prior-year period, while net cash provided by financing activities was **$242 million**, compared to a **$3 million** use of cash in Q1 2020[14](index=14&type=chunk) [Notes to Financial Statements](index=9&type=section&id=Notes%20to%20Financial%20Statements) These notes detail significant accounting policies, major financing transactions, segment performance, and legal contingencies - On February 26, 2021, the company entered into a **$225 million** Term Loan Credit Agreement with a five-year maturity, bearing interest at **8.5% cash** and **4.0% PIK**, yielding net proceeds of **$215 million**[31](index=31&type=chunk) - The company issued **$25 million** in **5.0%** unsecured convertible promissory notes and **1 million shares** of common stock for **$10 million** in a private placement[35](index=35&type=chunk) - The company repurchased **1 million shares** of Series A Preferred Stock for **$100.6 million** and exchanged the remaining **1 million shares** for new Series B Preferred Stock, also issuing **1 million shares** of new Series C Preferred Stock for **$100 million**[56](index=56&type=chunk)[70](index=70&type=chunk) - The company is involved in Securities Class Actions and Fiduciary Matters, cooperating with investigations by the SEC and other bodies, all stemming from the July 2020 DFC loan announcement[87](index=87&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk) Revenue by Segment | Revenue by Segment (in millions) | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Traditional Printing | $148 | $154 | | Digital Printing | $64 | $65 | | Advanced Materials and Chemicals | $46 | $42 | | Brand | $3 | $3 | | **Total** | **$265** | **$267** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2021 financial results, highlighting revenue trends, profitability improvements, and the impact of new financing on liquidity [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Q1 2021 saw a slight revenue decrease, improved gross profit, and a significant swing to net income, primarily due to lower operating costs and a prior-year tax provision - Revenue declined **$2 million** year-over-year, driven by volume and pricing declines in Traditional and Digital Printing, partially offset by growth in Advanced Materials and Chemicals and a **$9 million** favorable currency impact[177](index=177&type=chunk) - Gross profit improved by **$4 million** year-over-year, reflecting cost improvements of **$5 million** and lower depreciation, which offset volume and pricing pressures[178](index=178&type=chunk) - SG&A expenses decreased by **$2 million** due to cost reduction efforts and lower bad debt expense, partially offset by **$5 million** in costs for investigations and a **$2 million** increase in stock-based compensation[179](index=179&type=chunk) - The significant swing from a **$111 million** net loss in Q1 2020 to a **$6 million** net income in Q1 2021 was primarily due to a **$167 million** tax provision recorded in the prior-year quarter and a **$53 million** gain on an embedded derivative in 2020 that did not recur[176](index=176&type=chunk)[181](index=181&type=chunk)[182](index=182&type=chunk) [Segment Analysis](index=43&type=section&id=Segment%20Analysis) Q1 2021 segment analysis reveals revenue declines in Traditional and Digital Printing with improved EBITDA, while Advanced Materials and Chemicals saw revenue growth and a narrowed EBITDA loss - Traditional Printing: Revenue decreased **$6 million** due to volume/pricing declines, but Operational EBITDA improved **$4 million**, reflecting lower manufacturing and SG&A costs[183](index=183&type=chunk)[184](index=184&type=chunk)[185](index=185&type=chunk) - Digital Printing: Revenue decreased **$1 million**, while Operational EBITDA improved by **$2 million** to break-even, driven by higher equipment volume and lower SG&A expenses[186](index=186&type=chunk)[187](index=187&type=chunk)[188](index=188&type=chunk) - Advanced Materials and Chemicals: Revenue increased **$4 million**, and Operational EBITDA loss improved by **$5 million**, mainly due to volume and pricing gains in Industrial Film and Chemicals[189](index=189&type=chunk)[190](index=190&type=chunk)[191](index=191&type=chunk) [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) Q1 2021 financing transactions significantly improved liquidity, increasing cash and enabling the company to meet minimum liquidity requirements, with the DFC loan not expected to proceed - Financing transactions in Q1 2021 provided significant liquidity to fund operations, obligations, and growth initiatives[197](index=197&type=chunk) Cash Flow Activities | Cash Flow Activity (in millions) | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | ($16) | ($41) | | Net cash used in investing activities | ($1) | ($1) | | Net cash provided by (used in) financing activities | $242 | ($3) | - As of March 31, 2021, the company held **$401 million** in cash and cash equivalents, with **$284 million** in the U.S. and **$117 million** held internationally[13](index=13&type=chunk)[204](index=204&type=chunk) - The company is operating on the basis that the potential **$765 million** DFC loan will not proceed and is exploring other options for its pharmaceuticals initiative[214](index=214&type=chunk) [Item 4. Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2021, with no material changes to internal control over financial reporting - Management concluded that as of the end of the quarter, the company's disclosure controls and procedures were effective[217](index=217&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[218](index=218&type=chunk) Part II [Item 1. Legal Proceedings](index=49&type=section&id=Item%201.%20Legal%20Proceedings) The company faces multiple legal challenges, including class-action lawsuits and ongoing investigations by regulatory bodies, all stemming from the July 2020 DFC loan announcement - The company is defending against Securities Class Actions alleging violations of federal securities laws related to the DFC loan announcement[220](index=220&type=chunk) - A Fiduciary Class Action and other shareholder demands allege breaches of fiduciary duty by the Board of Directors[221](index=221&type=chunk) - The company is cooperating with ongoing investigations by several congressional committees, the SEC, and the New York Attorney General's office regarding the DFC announcement[222](index=222&type=chunk) [Item 1A. Risk Factors](index=49&type=section&id=Item%201A.%20Risk%20Factors) This section states that the risk factors disclosed in the 2020 Form 10-K remain applicable, with no new risk factors introduced in this quarterly report - The report references the Risk Factors set forth in the 2020 Form 10-K, indicating they remain applicable[225](index=225&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=49&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2021, the company had no unregistered equity sales but purchased shares to satisfy tax withholding for employee equity awards - The company purchased **71,201** of its own shares during the quarter to satisfy tax withholding obligations for employee equity awards[226](index=226&type=chunk) [Item 6. Exhibits](index=51&type=section&id=Item%206.%20Exhibits) This section indexes all exhibits filed with the Form 10-Q, including corporate governance documents, financing agreements, and CEO/CFO certifications - Lists various agreements filed as exhibits, including the new Credit Agreements, Securities Purchase Agreements, and CEO employment agreement[234](index=234&type=chunk)[237](index=237&type=chunk)[238](index=238&type=chunk)

| --- | --- | --- | |--------------------|-------|-------| | | | | | | | | | | | | | | | | | First Quarter 2021 | | | | Earnings Call | | | | May 12, 2021 | | | Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995. Forw ...

Eastman Kodak Company (NYSE:KODK) Q1 2021 Earnings Conference Call May 12, 2021 5:00 PM ET Company Participants Paul Dils - Chief Tax Officer and Director, Investor Relations Jim Continenza - Executive Chairman David Bullwinkle - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by, and welcome to the Eastman Kodak Q1 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be ...

| --- | --- | --- | |---------------------|-------|-------| | | | | | | | | | | | | | | | | | Fourth Quarter 2020 | | | | Earnings Call | | | | March 16, 2021 | | | Cautionary Statement Regarding Forward-looking Statements Pursuant to Safe Harbor Provisions of The Private Securities Litigation Reform Act of 1995 Cautionary Statement Regarding Forward-Looking Statements This presentation includes "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995. ...