Eastman Kodak Company (NYSE:KODK) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
On March 7, 2017, Eastman Kodak Company (the Company) issued a
press release describing its fourth quarter and full year 2016
financial results. A copy of the press release is furnished as
Exhibit (99.1) to this report.
Within the Companys press release, reference is made to the
following non-GAAP financial measures:
- Operational EBITDA;
- Decrease in cash usage excluding net debt prepayments;
- Revenues and Operational EBITDA on a constant currency basis;
- Improvement in PROSPER EBITDA;
- FLEXCEL NX revenues on a constant currency basis; and
- Operational EBITDA before Corporate Cost.
The Company believes that these non-GAAP financial measures
represent important internal measures of performance as used by
the Companys management. Accordingly, they are provided with the
belief that this information will assist in properly assessing
the underlying performance of the Company. In addition, the
Companys management believes that the presentation of the
non-GAAP financial measures allows the user of the information to
assess the Companys financial results on a more comparable basis.
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.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
|
(99.1) |
Press release issued on March 7, 2017, regarding the |
Eastman Kodak Company (NYSE:KODK) Recent Trading Information
Eastman Kodak Company (NYSE:KODK) closed its last trading session down -0.20 at 14.10 with 52,191 shares trading hands.