Switch to English Language Passer en langue française Omschakelen naar Nederlandse Taal Wechseln Sie zu deutschen Sprache Passa alla lingua italiana
Members: 70,553   Posts: 1,544,969   Online: 738
      
Page 1 of 2 12 LastLast
Results 1 to 10 of 17
  1. #1

    Join Date
    Feb 2012
    Location
    Penfield, NY
    Shooter
    35mm
    Posts
    1,030

    A little good news about Kodak (maybe)

    See http://www.democratandchronicle.com/...nclick_check=1 "Kodak's U.S. operations show first sign of profitability"

  2. #2
    Hatchetman's Avatar
    Join Date
    May 2011
    Location
    Chicago, IL
    Shooter
    Multi Format
    Posts
    622
    Images
    7
    Unfortunately, those numbers don't tell you anything about core profitability. Could be write-downs, asset sales, or other things.

  3. #3

    Join Date
    Nov 2005
    Location
    Los Angeles, CA
    Shooter
    Multi Format
    Posts
    5,066
    yup, that's the problem interpreting those kind of numbers. Who knows what they really mean.

  4. #4
    Ektagraphic's Avatar
    Join Date
    Feb 2009
    Location
    Southeastern Massachusetts
    Shooter
    Multi Format
    Posts
    2,720
    Images
    23
    Kodak themselves has not really been releasing much information to the public about their status...There is even not much directed to people that have Kodak stock.
    Helping to save analog photography one exposure at a time

  5. #5

    Join Date
    Nov 2005
    Location
    San Clemente, California
    Shooter
    Multi Format
    Posts
    1,096
    I usually don't comment in this type of thread, but can't help noting that the company recorded net losses in the neighborhood of $100 million every month this year, swelling to $160 million for June, which the article is about.

    Who cares about a gross profit if such things as taxes, R&D and selling/administrative expenses turn it into a huge loss? Certainly not shareholders or those overseeing the bankruptcy!

  6. #6

    Join Date
    Nov 2005
    Location
    Los Angeles, CA
    Shooter
    Multi Format
    Posts
    5,066
    After watching what one CPA could do with my (former) small business's proft-and-loss status, I can only imagine what rooms full of CPAs and lawyers can and will do.

  7. #7
    Diapositivo's Avatar
    Join Date
    Nov 2009
    Location
    Rome, Italy
    Shooter
    35mm
    Posts
    1,844
    For June, Kodak's U.S. operations posted sales of $180.2 million and a net loss of $160 million.

    This means that total cost for June was estimated at $340 million, and of those only $180 million were covered by sales. $160 of June costs remain uncovered by sales. Loss amounts to 88% of revenues.
    That means by today numbers Kodak would have to increase its revenues by 88% just to break even, using the same accounting criteria.
    Fabrizio Ruggeri fine art photography site: http://fabrizio-ruggeri.artistwebsites.com
    Stock images at Imagebroker: http://www.imagebroker.com/#/search/ib_fbr

  8. #8
    CGW
    CGW is offline

    Join Date
    Apr 2010
    Shooter
    Medium Format
    Posts
    2,797
    Quote Originally Posted by BrianShaw View Post
    After watching what one CPA could do with my (former) small business's proft-and-loss status, I can only imagine what rooms full of CPAs and lawyers can and will do.
    What about GAAP, IFRS and AICPA standards for public companies? Too many people watching this one, not many watched your private small business.

  9. #9

    Join Date
    Nov 2004
    Location
    The highest state
    Shooter
    Multi Format
    Posts
    1,917
    "The company continues to slowly burn through its cash. The U.S. operations ended June with $510.2 million in cash and cash equivalents, down from $574.2 million at the end of May."

    Slowly...?...That's more than 11% of it's cash and equivalents in one month...

  10. #10
    Roger Cole's Avatar
    Join Date
    Jan 2011
    Location
    Suburbs of Atlanta, GA USA
    Shooter
    Multi Format
    Posts
    3,893
    Quote Originally Posted by Diapositivo View Post
    For June, Kodak's U.S. operations posted sales of $180.2 million and a net loss of $160 million.

    This means that total cost for June was estimated at $340 million, and of those only $180 million were covered by sales. $160 of June costs remain uncovered by sales. Loss amounts to 88% of revenues.
    That means by today numbers Kodak would have to increase its revenues by 88% just to break even, using the same accounting criteria.
    Maybe one time write offs? Hard to imagine any other way you could lose 160 million on 180 million in sales.

Page 1 of 2 12 LastLast


 

APUG PARTNERS EQUALLY FUNDING OUR COMMUNITY:



Contact Us  |  Support Us!  |  Advertise  |  Site Terms  |  Archive  —   Search  |  Mobile Device Access  |  RSS  |  Facebook  |  Linkedin