Kodak 2012 Annual Report Download - page 121

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Table of Contents
DEBTORS’ STATEMENT OF CASH FLOWS
The following table reflects pre-petition liabilities that are subject to compromise for the Debtors:
NOTE 28: QUARTERLY SALES AND EARNINGS DATA – UNAUDITED
117
For the Year Ended
(in millions)
December 31, 2012
Cash flows from operating activities:
Net loss attributable to debtor entities
$
(1,407
)
Adjustments to reconcile to net cash used in operating activities:
Loss from discontinued operations, net of income taxes
47
Depreciation and amortization
150
Gain on sales of businesses/assets
(1
)
Loss on early extinguishment of debt
7
Non-cash restructuring costs, asset impairments and other
charges
16
Non
-
cash reorganization items, net
717
Benefit for deferred income taxes
(18
)
Increase in receivables
(118
)
Decrease in inventories
12
Increase in liabilities excluding borrowings
120
Other items, net
101
Total adjustments
1,033
Net cash used in continuing operations
(374
)
Net cash provided by discontinued operations
8
Net cash used in operating activities
(366
)
Cash flows from investing activities:
Additions to properties
(27
)
Proceeds from sales of businesses/assets
9
Marketable securities
—
sales
95
Marketable securities
—
purchases
(91
)
Net cash used in continuing operations
(14
)
Net cash provided by discontinued operations
24
Net cash provided by investing activities
10
Cash flows from financing activities:
Proceeds from DIP credit agreement
686
Repayment of borrowings
(136
)
Reorganization items
(41
)
Net cash provided by financing activities
509
Net increase in cash and cash equivalents
153
Cash and cash equivalents, beginning of period
184
Cash and cash equivalents, end of period
$
337
(in millions)
As of
December
31,
2012
Accounts payable
$
283
Debt
683
Pension obligations
785
Settlements
710
Payable and advances to non
-
filing entities
193
Other liabilities subject to compromise
255
Liabilities subject to compromise
$
2,909