Not a cash cow, exactly, but the depreciation does go back on the cash flow and that helps Kodak borrow money when needed.
Originally Posted by Ted Harris
The unit is operationally-profitable but the restructuring charges really do wipe out much of the bottom line benefit. Much of the largest restructuring efforts are already complete, thankfully. I think about 23,500 of the planned 27,000 layoffs are already over.
That it is operationally-profitable is a radically different situation than was the case at Agfa's film unit. Agfa never managed to sell of their film unit (AgfaPhoto was really a management buyout) but I think EK probably could do so.