Kodak Still Blurry: Fool by Numbers
On Oct. 31, imaging company Eastman Kodak (NYSE: EK) released earnings for the third quarter ended Sept. 30.
- Declining volume and an unfavorable price mix led to a 9.8% drop in revenue.
- Earnings under generally accepted accounting principles showed improvement, but remained in negative territory.
- Net cash from operating activities is also negative through nine months, but management said it expects a positive full-year total of $800 million to $1 billion.
- Our Motley Fool CAPS community has pinned a meager one star on this stock.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006
|
Q3 2005
|
Change
|
|
Sales
|
$3,204
|
$3,553
|
(9.8%)
|
|
Net Profit
|
($37)
|
($915)
|
N/A
|
|
EPS
|
($0.13)
|
($3.19)
|
N/A
|
|
Diluted Shares
|
287
|
287
|
0.0%
|
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006
|
Q3 2005
|
Change*
|
|
Gross Margin
|
27.28%
|
25.95%
|
1.33
|
|
Operating Margin
|
0.06%
|
(3.46%)
|
3.52
|
|
Net Margin
|
(1.15%)
|
(25.75%)
|
24.60
|
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets
|
Q3 2006
|
Q3 2005
|
Change
|
|
Cash + ST Invest.
|
$1,102
|
$610
|
80.7%
|
|
Accounts Rec.
|
$2,541
|
$2,867
|
(11.4%)
|
|
Inventory
|
$1,478
|
$1,657
|
(10.8%)
|
|
Liabilities
|
Q3 2006
|
Q3 2005
|
Change
|
|
Accounts Payable*
|
$3,740
|
$3,932
|
(4.9%)
|
|
Long-Term Debt
|
$3,247
|
$2,559
|
26.9%
|
*Accounts payable includes other current liabilities.
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006
|
YTD 2005
|
Change
|
|
Cash From Ops.
|
($72)
|
($60)
|
N/A
|
|
Capital Expenditures
|
$282
|
$332
|
(15.1%)
|
|
Free Cash Flow
|
($354)
|
($392)
|
N/A
|
Find out why Fools always follow the money.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check
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