Eastman Kodak Question?

I need help filling in this Income Statement I have tried many times to get this filled in but the numbers are still wrong. 0 Annual Consolidated Income Statement Amounts Rounded to : (except per share amounts) Results for the Years Ending Jan 0, 1900Jan 0, 1900Jan 0, 1900 Net sales Less: Cost of goods sold 81,000,000 Gross profit - - Sales, general and administrative Research and development (R&D) Restructuring, impairment, and amortization Purchased in-process R&D Other operating expenses Total operating expenses$917,517,000 - - Operating profit (loss) - - Other income (expenses), net excluding interest expense 556,000,000 Earnings (loss) before interest and taxes (87,000,000) - - Interest expense Earnings (loss) before taxes (87,000,000) - - Provision for (benefit from) income taxes Earnings (loss) after taxes (87,000,000) - - Extraordinary items, net Discontinued operations, net Cumulative effect of changes in accounting principles, net Other after-tax income (loss), net Net profit (loss) $(87,000,000) $- $- Basic earnings per common share (in millions, except per share data) 2004 Change 2003 Change 2002 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- (Restated) Net sales from continuing operations $ 13,517 + 5 % $ 12,909 + 3 % $ 12,549 (Loss) earnings from continuing operations before interest, other income (charges), net, and income taxes (87 ) -129 302 - 74 1,168 Earnings from continuing operations 81 -57 189 - 75 761 Earnings from discontinued operations 475 +642 64 +611 9 Net earnings 556 +120 253 - 67 770 Basic earnings per share: Continuing operations .28 -58 .66 - 74 2.61 Discontinued operations 1.66 +655 .22 +600 .03 Total 1.94 +120 .88 - 66 2.64 Diluted earnings per share: Continuing operations .28 -58 .66 - 74 2.61 Discontinued operations 1.66 +655 .22 +600 .03 Total 1.94 +120 .88 - 66 2.64 The Company’s results as noted above include certain one-time items, such as charges associated with focused cost reductions and other special charges. These one-time items, which are described below, should be considered to better understand the Company’s results of operations that were generated from normal operational activities. 2004 The Company’s results from continuing operations for the year included the following: Charges of $889 million ($620 million after tax) related to focused cost reductions implemented primarily under the Third Quarter, 2003 Restructuring Program and 2004-2006 Restructuring Program. See further discussion in the Restructuring Costs and Other section of Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) and Note 16, “Restructuring Costs and Other.” Charges of $12 million ($7 million after tax), including $2 million ($1 million after tax) for inventory write-downs and $10 million ($6 million after tax) for the write-off of fixed assets related to Kodak’s historical ownership interest in the NexPress joint venture in connection with the acquisition of the NexPress-related entities incurred in the second and fourth quarters. Charges of $15 million ($10 million after tax) related to purchased in-process R&D incurred in the first and third quarters. Charges of $6 million ($4 million after tax) related to a legal settlement. Other income of $101 million ($63 million after tax) related to two favorable legal settlements. Income tax charges of $31 million related to valuation allowances for restructuring related deferred tax assets.

5 months ago - 1 answers