Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT (99.1) - EASTMAN KODAK CO | exhibit991.htm |
| 8-K - EASTMAN KODAK COMPANY 8K FILING - EASTMAN KODAK CO | finalmarch302012_8k.htm |
Exhibit (99.2)
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UNITED STATES BANKRUPTCY COURT
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FOR THE SOUTHERN DISTRICT OF NEW YORK
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||||
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In re Eastman Kodak Company
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||||
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Case No. (Jointly Administered)
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12-10202
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|||
| Reporting Period: |
29-Feb-12
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|||
| Federal Tax I.D. # |
16-0417150
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|||
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CORPORATE MONTHLY OPERATING REPORT
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||||
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REQUIRED DOCUMENTS
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Form No.
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Document Attached
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Explanation Attached
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|
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Schedule of Cash Receipts and Disbursements
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MOR-1
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x
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||
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Bank Account Information
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MOR-1a
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x
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||
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Copies of bank statements
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x
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|||
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Cash disbursements journals
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x
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|||
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Statement of Operations (Income Statement)
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MOR-2
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x
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Balance Sheet
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MOR-3
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x
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||
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Status of Post-petition Taxes
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MOR-4
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x
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||
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Copies of IRS Form 6123 or payment receipt
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x
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|||
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Copies of tax returns filed during reporting period
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x
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|||
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Summary of Unpaid Post-petition Debts
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MOR-4
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x
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||
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Listing of Aged Accounts Payable
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x
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|||
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Accounts Receivable Reconciliation and Aging
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MOR-5
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x
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||
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Taxes Reconciliation and Aging
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MOR-5
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x
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||
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Payments to Insiders and Professionals
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MOR-6
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x
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||
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Post-petition Secured Notes Adequate Protection Payments
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MOR-6
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x
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||
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Debtor Questionnaire
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MOR-7
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x
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I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
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| /s/ Eric Samuels | March 30, 2012 | |||
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Signature of Authorized Individual*
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Date
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|||
| Eric Samuels | ||||
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Printed Name of Authorized Individual
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| Chief Accounting Officer and Corporate Controller | ||||
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Title
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*Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtors is a limited liability company.
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In re Eastman Kodak Company
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Form No.
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Legal Entities and Notes to MOR
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|
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Case No. (Jointly Administered)
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12-10202
|
||
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Reporting Period:
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29-Feb-12
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Federal Tax I.D. #
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16-0417150
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Listing of Debtor Entities and Notes to the Monthly Operating Report
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|||
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GENERAL:
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|||
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The report includes activity from the following Debtors and related Case Numbers:
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|||
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Debtor
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Case Number
|
||
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Kodak Realty, Inc.
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12-10201
|
||
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Eastman Kodak Company
|
12-10202
|
||
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Creo Manufacturing America LLC
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12-10203
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||
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Eastman Kodak International Capital Company, Inc.
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12-10204
|
||
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Far East Development Ltd.
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12-10205
|
||
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FPC Inc.
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12-10206
|
||
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Kodak (Near East), Inc.
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12-10207
|
||
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Kodak Americas, Ltd
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12-10208
|
||
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Kodak Aviation Leasing LLC
|
12-10209
|
||
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Kodak Imaging Network, Inc.
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12-10210
|
||
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Kodak Philippines, Ltd.
|
12-10211
|
||
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Kodak Portuguesa Limited
|
12-10212
|
||
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Laser-Pacific Media Corporation
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12-10213
|
||
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NPEC Inc.
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12-10214
|
||
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Pakon, Inc.
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12-10215
|
||
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Qualex Inc.
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12-10216
|
||
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Notes to the MOR:
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|||
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This Monthly Operating Report ("MOR") has been prepared solely for the purpose of complying with the monthly reporting requirements applicable in the bankruptcy cases and is in a format acceptable to the U.S. Trustee. The financial information contained herein is unaudited, limited in scope and as discussed below, is not prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
The unaudited combined financial statements have been derived from the books and records of the Debtors. The information furnished in this report includes primarily normal recurring adjustments, but not all the adjustments that would typically be made for the quarterly and annual financial statements to be in accordance with U.S. GAAP. Furthermore, the monthly financial information contained herein has not been subjected to the same level of accounting review and testing that Eastman Kodak Company and related Debtors applies in the preparation of its quarterly and annual financial information in accordance with U.S. GAAP. Accordingly, upon the application of such procedures, the Debtors believe that the financial information may be subject to change, and these changes could be material.
The financial statements presented in MOR-2 and MOR-3 do not include elimination entries for intercompany balances related to non-debtor affiliates. Investment in subsidiary balances are recorded at cost which may not be in accordance with U.S. GAAP. Intercompany transactions between Debtors have been eliminated in the financial statements contained herein. The amounts currently classified as liabilities subject to compromise may be subject to future change as the Company completes its analysis of pre-petition liabilities.
The results of operations contained herein are not necessarily indicative of results which may be expected from any other period or for the full year and may not necessarily reflect the consolidated results of operations, financial position and cash flows of the Debtors in the future. The Debtors caution readers not to place undue reliance upon the MOR. There can be no assurance that such information is complete and the MOR may be subject to revision.
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Notes to MOR 4 and MOR 5:
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Eastman Kodak Company and related debtors will disclose the ending accounts receivable and accounts payable balances as part of MOR 3. Due to the volume of transactions related to customer and vendor billings and payments, these items will be made available upon request.
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Note to MOR 6:
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|||
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Eastman Kodak Company and related debtors believe the various motions, filings, and orders that occur with the U.S. Bankruptcy Courts on a regular basis achieve the disclosure requirement of this MOR.
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2
|
In re Eastman Kodak Company
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Form No.
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MOR-1
|
||
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Case No. (Jointly Administered)
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12-10202
|
|||
|
Reporting Period:
|
29-Feb-12
|
|||
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Federal Tax I.D. #
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16-0417150
|
|||
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Schedule of Cash Receipts and Disbursements
|
||||
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(Amounts in $'s)
|
||||
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TIME PERIOD:
|
||||
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2/1/2012 - 2/29/2012
|
||||
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Debtor
|
Case Number
|
Cash Receipts
|
Cash Disbursements
|
Total
|
|
Kodak Realty, Inc.
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12-10201
|
$ -
|
$ -
|
$ -
|
|
Eastman Kodak Company
|
12-10202
|
107,421,056
|
(161,555,975)
|
(54,134,919)
|
|
Creo Manufacturing America LLC
|
12-10203
|
-
|
-
|
-
|
|
Eastman Kodak International Capital Company, Inc.
|
12-10204
|
-
|
-
|
-
|
|
Far East Development Ltd.
|
12-10205
|
-
|
-
|
-
|
|
FPC Inc.
|
12-10206
|
354,749
|
(259,373)
|
95,376
|
|
Kodak (Near East), Inc.
|
12-10207
|
2,826,513
|
(1,732,023)
|
1,094,490
|
|
Kodak Americas, Ltd
|
12-10208
|
-
|
(955)
|
(955)
|
|
Kodak Aviation Leasing LLC
|
12-10209
|
-
|
-
|
-
|
|
Kodak Imaging Network, Inc.
|
12-10210
|
-
|
(2,260,805)
|
(2,260,805)
|
|
Kodak Philippines, Ltd.
|
12-10211
|
348,524
|
(451,051)
|
(102,527)
|
|
Kodak Portuguesa Limited
|
12-10212
|
5,000
|
(27)
|
4,973
|
|
Laser-Pacific Media Corporation
|
12-10213
|
-
|
-
|
-
|
|
NPEC Inc.
|
12-10214
|
-
|
(168)
|
(168)
|
|
Pakon, Inc.
|
12-10215
|
-
|
-
|
-
|
|
Qualex Inc.
|
12-10216
|
1,778,240
|
(1,060,370)
|
717,870
|
|
Notes to MOR 1:
|
||||
|
Cash receipts and disbursement amounts are derived based on information from the Debtors bank statements. Cash receipts and disbursements between Debtor entities are not included in this schedule. Certain tax payments made by Eastman Kodak Company on behalf of the Debtors are included in the amounts under Eastman Kodak Company.
|
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Cash receipts for Kodak Imaging Network, Inc. have been included under Eastman Kodak Company as separate cash receipt accounts do not exist.
|
||||
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Cash receipts and cash disbursements related to the Debtor-In-Possession financing have been excluded from the cash receipts and disbursement totals above.
|
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3
|
In re Eastman Kodak Company
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Form No.
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MOR-1a
|
||
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Case No. (Jointly Administered)
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12-10202
|
|||
|
Reporting Period:
|
29-Feb-12
|
|||
|
Federal Tax I.D. #
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16-0417150
|
|||
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Bank Account Information
|
||||
| (Amounts in $'s) | ||||
|
Legal Entity
|
Case Number
|
Bank Name / Address
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Account Number
|
Bank Balance
|
|
Eastman Kodak Company
|
12-10202
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
2890
|
139,036
|
|
Eastman Kodak Company
|
12-10202
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
1931
|
115,547
|
|
Eastman Kodak Company
|
12-10202
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
2887
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
6550
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Bank of Colorado-Front Range
1041 Main Street
PO Box 939
Windsor, CO 80550
|
1232
|
24,458
|
|
Eastman Kodak Company
|
12-10202
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0001
|
2763
|
892,417
|
|
Eastman Kodak Company
|
12-10202
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0007
|
9220
|
-
|
|
Eastman Kodak Company [A]
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12-10202
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0007
|
8751
|
3,000,018
|
|
Eastman Kodak Company
|
12-10202
|
Bank of the West, 1977 Saturn St
Montery Park, CA 91755
|
1392
|
149,988
|
|
Eastman Kodak Company
|
12-10202
|
Citibank, N.A., 388 Greenwich Street 23rd Floor, New York, NY 10013
|
9217
|
624,701,738
|
|
Eastman Kodak Company
|
12-10202
|
Citibank, N.A., 388 Greenwich Street 23rd Floor, New York, NY 10013
|
1373
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citibank, N.A., 388 Greenwich Street 23rd Floor, New York, NY 10013
|
6005
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citibank, N.A., 388 Greenwich Street 23rd Floor, New York, NY 10013
|
8982
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citibank, N.A., 388 Greenwich Street 23rd Floor, New York, NY 10013
|
5619
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Clara City
55 NW First Street
PO Box 430
Clara City, MN 56222
|
0004
|
180
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Clara City
55 NW First Street
PO Box 430
Clara City, MN 56222
|
7377
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Clara City
55 NW First Street
PO Box 430
Clara City, MN 56222
|
7390
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
0454
|
15,049
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5473
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5502
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5481
|
Closed on 02/02/12
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5529
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5510
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5545
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Citizens Alliance Bank -Lake Lillian,
431 Lakeview Street
PO Box 12
Lake Lillain, MN 56253
|
5537
|
-
|
|
Eastman Kodak Company
|
12-10202
|
ESL Federal Credit Union, 225 Chestnut Street Rochester, NY 14604-2424
|
0512
|
4,927
|
|
Eastman Kodak Company
|
12-10202
|
J P Morgan Chase, 270 Park Ave., New York, NY 10080
|
7561
|
162,787
|
|
Eastman Kodak Company
|
12-10202
|
J P Morgan Chase, 270 Park Ave., New York, NY 10081
|
5762
|
86,110
|
|
Eastman Kodak Company
|
12-10202
|
J P Morgan Chase, 270 Park Ave., New York, NY 10081
|
0023
|
1,709
|
|
Eastman Kodak Company
|
12-10202
|
Keybank
303 Broadway, 16th Floor
OH-18-30-1603
Cincinnati, OH 45202
|
2200
|
-
|
|
Eastman Kodak Company
|
12-10202
|
Keybank
303 Broadway, 16th Floor
OH-18-30-1603
Cincinnati, OH 45202
|
7435
|
10,560
|
|
Eastman Kodak Company
|
12-10202
|
PNC Bank, Two Tower Center 23rd Floor, E. Brunswick, NJ 08816
|
7407
|
8,506,107
|
|
Eastman Kodak Company
|
12-10202
|
PNC Bank, Two Tower Center 23rd Floor, E. Brunswick, NJ 08816
|
6372
|
-
|
|
Eastman Kodak Company
|
12-10202
|
PNC Bank, Two Tower Center 23rd Floor, E. Brunswick, NJ 08816
|
1396
|
-
|
|
Eastman Kodak Company
|
12-10202
|
PNC Bank, Two Tower Center 23rd Floor, E. Brunswick, NJ 08816
|
3104
|
-
|
|
Eastman Kodak Company [B]
|
12-10202
|
Bank of New York Mellon, One Wall Street 14th Floor New York, NY 10286
|
3563
|
-
|
|
Eastman Kodak Company [B]
|
12-10202
|
Citibank, N.A., 227 West Monroe Street GBK-25 Chicago, IL 60606
|
6598
|
-
|
|
Eastman Kodak Company [B]
|
12-10202
|
Bank of America, 602 Peachtree St NE 10th Floor Atlanta, GA 30308
|
9093
|
-
|
|
Eastman Kodak International Capital Co. Inc.
|
12-10204
|
Citibank, N.A., 388 Greenwich Street 23rd Floor, New York, NY 10013
|
5123
|
-
|
|
FPC Inc.
|
12-10206
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0008
|
5127
|
-
|
|
FPC, Inc.
|
12-10206
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
2888
|
-
|
|
FPC, Inc.
|
12-10206
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
2900
|
50,000
|
|
FPC, Inc.
|
12-10206
|
BNL Banca Nazionale del Lavoro - Agenzia Cinisello Balsamo - Piazza Gramsci 34, 20092 Cinisello Balsamo (MI) Italy
|
3911
|
2,084,367
|
|
Kodak Imaging Network
|
12-10210
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0003
|
1033
|
-
|
|
Laser Pacific Media
|
12-10213
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
4408
|
-
|
|
Laser Pacific Media
|
12-10213
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0009
|
4409
|
-
|
|
NPEC Inc
|
12-10214
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0006
|
9069
|
-
|
|
Qualex Inc.
|
12-10216
|
PNC Bank, Two Tower Center 23rd Floor, E. Brunswick, NJ 08816
|
2114
|
-
|
|
Qualex, Inc
|
12-10216
|
J P Morgan Chase, 270 Park Ave., New York, NY 10081
|
4930
|
262
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3858
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3861
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3874
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3887
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3890
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
2531
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
8537
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
8540
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
1062
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
9859
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
0694
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
1961
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3703
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3716
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3729
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
3174
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
0791
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of America,
602 Peachtree St NE 10th Floor, Atlanta, GA 30308
|
8010
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0001
|
4332
|
-
|
|
Qualex, Inc.
|
12-10216
|
Bank of New York Mellon, 500 Ross Street, Suite 154-1320, Pittsburgh, PA 15262-0002
|
4421
|
-
|
|
Qualex, Inc.
|
12-10216
|
Ozark Mountain Bank 1115 James Wpps Road Branson, Mo 65616
|
5568
|
-
|
|
Qualex, Inc.
|
12-10216
|
Ozark Mountain Bank 1115 James Wpps Road Branson, Mo 65616
|
5491
|
-
|
|
Qualex, Inc.
|
12-10216
|
Ozark Mountain Bank 1115 James Wpps Road Branson, Mo 65616
|
5656
|
304
|
|
Qualex, Inc.
|
12-10216
|
Ozark Mountain Bank 1115 James Wpps Road Branson, Mo 65616
|
5579
|
359
|
|
Qualex, Inc.
|
12-10216
|
Ozark Mountain Bank 1115 James Wpps Road Branson, Mo 65616
|
5480
|
300
|
|
Qualex, Inc.
|
12-10216
|
PNC Bank, Two Tower Center 23rd Floor, E. Brunswick, NJ 08816
|
7371
|
-
|
|
Qualex, Inc.
|
12-10216
|
SunTrust Bank
3325 Parkway
Pigeon Forge, TN 37863
|
2657
|
168
|
|
Qualex, Inc.
|
12-10216
|
SunTrust Bank
3325 Parkway
Pigeon Forge, TN 37863
|
2665
|
11,665
|
|
Qualex, Inc.
|
12-10216
|
US Bank N.A., Towne Square Branch 5000 Frederica Street, Suite 47 Owensboro, KY 42301
|
4838
|
Closed on 01/19/2012
|
|
Kodak Americas, Ltd
|
12-10208
|
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
|
4009
|
31,518
|
|
Kodak Americas, Ltd
|
12-10208
|
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
|
4017
|
72
|
|
Kodak Americas, Ltd
|
12-10208
|
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
|
4041
|
9
|
|
Kodak Americas, Ltd
|
12-10208
|
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
|
4106
|
24,276
|
|
Kodak Americas, Ltd
|
12-10208
|
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
|
4114
|
89,817
|
|
Kodak Americas, Ltd
|
12-10208
|
Banco de CréditoJuan de Arona 893, Piso 11 - San Isidro, Lima
|
1086
|
10,004
|
|
Kodak Americas, Ltd
|
12-10208
|
Banco de CréditoJuan de Arona 893, Piso 11 - San Isidro, Lima
|
0193
|
323,806
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5026
|
-
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5034
|
-
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5069
|
-
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5603
|
-
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5638
|
-
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5654
|
15,176
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5001
|
-
|
|
Kodak Americas, Ltd
|
12-10208
|
Citibank N.A. / Cerrito 455, Montevideo, Uruguay
|
5613
|
-
|
|
Kodak (Near East), Inc.
|
12-10207
|
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box 749, Dubai, UAE
|
8001
|
614,648
|
|
Kodak (Near East), Inc.
|
12-10207
|
CITIBANK INTL PLC, GREECE BRANCH , 8, OTHONOS STREET, Athens 10557, Greece
|
0073
|
1,781,111
|
|
Kodak (Near East), Inc.
|
12-10207
|
AMAROUSION BRANCH 146, 60, KIFISSIAS AVENUE, 151 25 AMAROUSION ATTICA, Athens, Greece
|
1217
|
55,981
|
|
Kodak (Near East), Inc.
|
12-10207
|
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box 749, Dubai, UAE
|
8605
|
47,494
|
|
Kodak (Near East), Inc.
|
12-10207
|
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box 749, Dubai, UAE
|
8613
|
2,079,399
|
|
Kodak (Near East), Inc.
|
12-10207
|
AMAROUSION BRANCH 107, 42, DIONISOU STREET, 151 24 AMAROUSION ATTICA, Athens Greece
|
4223
|
-
|
|
Kodak (Near East), Inc.
|
12-10207
|
Yeditepe Subesi, Buyukdere Cad. No:111 Mecidiyeköy, Sisli, Istanbul Turkey
|
5188
|
129,968
|
|
Kodak (Near East), Inc.
|
12-10207
|
Yeditepe Subesi, Buyukdere Cad. No:111 Mecidiyeköy, Sisli, Istanbul Turkey
|
2098
|
-
|
|
Kodak (Near East), Inc.
|
12-10207
|
Yeditepe Subesi, Buyukdere Cad. No:111 Mecidiyeköy, Sisli, Istanbul Turkey
|
2627
|
866,955
|
|
Kodak (Near East), Inc.
|
12-10207
|
Baglarbasi Subesi, Cumhuriyet Cad. Anıt Sok. No:70-C, 34674 Uskudar, Istanbul, Turkey
|
5001
|
188
|
|
Kodak Portuguesa Limited
|
12-10212
|
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box 749, Dubai, UAE
|
8017
|
300,957
|
|
Kodak Portuguesa Limited
|
12-10212
|
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box 749, Dubai, UAE
|
8009
|
-
|
|
Kodak Philippines, Ltd.
|
12-10211
|
Banco De Oro, 'GC Corporate Plaza, Legaspi St., Legaspi Village, Makati City, Philippines
|
2458
|
28,549
|
|
Kodak Philippines, Ltd.
|
12-10211
|
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
|
6007
|
627,093
|
|
Kodak Philippines, Ltd.
|
12-10211
|
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
|
6031
|
11,992,756
|
|
Kodak Philippines, Ltd.
|
12-10211
|
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
|
6015
|
291,154
|
|
Kodak Philippines, Ltd.
|
12-10211
|
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
|
6023
|
7,616
|
|
Notes to MOR 1-a:
|
||||
|
All amounts listed above are the bank balances as of the end of the month. Copies of bank statements and cash disbursement journals are not included in this MOR. These items will be made available upon request.
|
||||
|
[A] Account set up for adequate assurance per Utility Motion.
|
||||
|
[B] Investment account not currently utilized.
|
||||
4
|
In re Eastman Kodak Company
|
Form No.
|
MOR-2
|
||
|
Case No. (Jointly Administered)
|
12-10202
|
|||
|
Reporting Period:
|
29-Feb-12
|
|||
|
Federal Tax I.D. #
|
16-0417150
|
|||
|
Debtor Combined Statement of Operations (Unaudited)
|
||||
| (Amounts in $000's) | ||||
|
TIME PERIOD:
|
||||
|
2/1/2012 - 2/29/2012
|
||||
|
February
|
||||
|
Revenues
|
$ 168,144
|
|||
|
Cost of sales
|
179,269
|
|||
|
Gross profit
|
(11,125)
|
|||
|
Selling, general and administrative expenses
|
36,326
|
|||
|
Research and development costs
|
16,920
|
|||
|
Restructuring costs, rationalization and other
|
66
|
|||
|
Other operating (income) expenses
|
(41)
|
|||
|
Loss from continuing operations before interest
expense, other income (charges), net, reorganization items, net and income taxes
|
(64,396)
|
|||
|
Interest expense
|
12,057
|
|||
|
Other income (charges), net
|
(1,667)
|
|||
|
Reorganization items, net
|
19,089
|
|||
|
Loss from continuing operations before
income taxes
|
(97,209)
|
|||
|
Provision for income taxes
|
116
|
|||
|
Loss from continuing operations
|
(97,325)
|
|||
|
Income (loss) from discontinued operations
|
0
|
|||
|
Net loss
|
$ (97,325)
|
|||
|
The notes to this monthly operating report are an integral part of these combined financial statements.
|
||||
5
|
In re Eastman Kodak Company
|
Form No.
|
MOR-3
|
||
|
Case No. (Jointly Administered)
|
12-10202
|
|||
|
Reporting Period:
|
29-Feb-12
|
|||
|
Federal Tax I.D. #
|
16-0417150
|
|||
|
Debtor Combined Balance Sheet (Unaudited)
|
||||
| (Amounts in $000's) | ||||
|
As of
|
||||
|
February 29, 2012
|
||||
|
ASSETS
|
||||
|
CURRENT ASSETS
|
||||
|
Cash and cash equivalents
|
$ 682,834
|
|||
|
Trade receivables, net
|
244,108
|
|||
|
Receivables and advances from non-debtor entities
|
2,522,671
|
|||
|
Inventories, net
|
330,674
|
|||
|
Deferred income taxes
|
16,118
|
|||
|
Other current assets
|
52,968
|
|||
|
Total current assets
|
3,849,373
|
|||
|
Property, plant and equipment, net
|
535,115
|
|||
|
Goodwill
|
143,765
|
|||
|
Investment in non-debtor entities
|
1,998,770
|
|||
|
Other long-term assets
|
94,075
|
|||
|
Total Assets
|
$ 6,621,098
|
|||
|
LIABILITIES AND EQUITY
|
||||
|
CURRENT LIABILITIES
|
||||
|
Accounts payable, trade
|
$ 164,916
|
|||
|
Payables and advances to non-debtor entities
|
2,434,393
|
|||
|
Accrued income taxes
|
35,338
|
|||
|
Other current liabilities
|
441,766
|
|||
|
Total current liabilities
|
3,076,413
|
|||
|
Long-term debt
|
738,636
|
|||
|
Debtor-in-possession financing
|
687,104
|
|||
|
Other long-term liabilities
|
323,342
|
|||
|
Total long-term liabilities
|
1,749,082
|
|||
|
Liabilities subject to compromise
|
2,704,217
|
|||
|
Total Liabilities
|
7,529,712
|
|||
|
Shareholders Equity (Deficit)
|
(908,614)
|
|||
|
Total Liabilities and Shareholders Equity
|
$ 6,621,098
|
|||
The notes to this monthly operating report are an integral part of these combined financial statements.
6
|
In re Eastman Kodak Company
|
Form No.
|
MOR-4
|
||||
|
Case No. (Jointly Administered)
|
12-10202
|
|||||
|
Reporting Period:
|
29-Feb-12
|
|||||
|
Federal Tax I.D. #
|
16-0417150
|
|||||
|
Status of Post-petition Taxes
|
||||||
|
(Amounts in $'s)
|
||||||
|
Beginning
Tax
Liability
|
Amount
Withheld or
Accrued
|
Amount
Paid
|
Ending
Tax
Liability
|
|||
|
Payroll Taxes - Federal
|
$ 4,176,728
|
$ 11,696,016
|
$ (10,071,383)
|
$ 5,801,361
|
||
|
Payroll Taxes - State and local
|
1,147,452
|
2,695,119
|
(1,814,240)
|
2,028,331
|
||
|
Real and Personal Property
|
-
|
-
|
-
|
-
|
||
|
Sales and Use
|
16,731
|
1,287,634
|
(313,213)
|
991,152
|
||
|
Intellectual Property Fees
|
-
|
-
|
-
|
-
|
||
|
Income / franchise taxes
|
-
|
-
|
-
|
-
|
||
|
Other
|
-
|
154,289
|
(154,289)
|
-
|
||
|
Total Taxes
|
$ 5,340,911
|
$ 15,833,058
|
$ (12,353,125)
|
$ 8,820,844
|
||
|
Notes to MOR 4:
|
||||||
|
Eastman Kodak Company and related debtors received authority which allowed the payment of certain pre-petition income, sales, use, franchise, property and other taxes, assessments, fees (including intellectual property) and similar charges. The tax rollforward only reflects the payment of post-petition taxes. Due to the volume of transactions related to tax returns and payments, these items will be made available upon request.
Eastman Kodak Company and related debtors are current on all post-petition payments other than disputes that arise in the ordinary course of business.
|
||||||
7
|
In re Eastman Kodak Company
|
Form No.
|
MOR-7
|
||
|
Case No. (Jointly Administered)
|
12-10202
|
|||
|
Reporting Period:
|
29-Feb-12
|
|||
|
Federal Tax I.D. #
|
16-0417150
|
|||
|
Debtor Questionnaire
|
||||
|
Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.
|
Yes
|
No
|
Explanation
|
|
|
1
|
Have any assets been sold or transferred outside the normal course of business this reporting period?
|
X
|
||
|
2
|
Have any funds been disbursed from any account other than a debtor in possession account this reporting period?
|
X
|
[A]
|
|
|
3
|
Is the Debtor delinquent in the timely filing of any post-petition tax returns?
|
X
|
||
|
4
|
Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?
|
X
|
||
|
5
|
Is the Debtor delinquent in paying any insurance premium payment?
|
X
|
||
|
6
|
Have any payments been made on pre-petition liabilities this reporting period?
|
X
|
[B]
|
|
|
7
|
Are any post petition receivables (accounts, notes or loans) due from related parties?
|
X
|
[C]
|
|
|
8
|
Are any post petition payroll taxes past due?
|
X
|
||
|
9
|
Are any post petition State or Federal income taxes past due?
|
X
|
||
|
10
|
Are any post petition real estate taxes past due?
|
X
|
||
|
11
|
Are any other post petition taxes past due?
|
X
|
||
|
12
|
Have any pre-petition taxes been paid during this reporting period?
|
X
|
[D]
|
|
|
13
|
Are any amounts owed to post petition creditors delinquent?
|
X
|
||
|
14
|
Are any wage payments past due?
|
X
|
||
|
15
|
Have any post petition loans been received by the Debtor from any party?
|
X
|
[E]
|
|
|
16
|
Is the Debtor delinquent in paying any U.S. Trustee fees?
|
X
|
||
|
17
|
Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?
|
X
|
||
|
18
|
Have the owners or shareholders received any compensation outside of the normal course of business?
|
X
|
||
|
[A] In the Cash Management Order, the Company included an exhibit of all Debtors' bank accounts. No Debtor obligation has been paid from an account other than those listed on the exhibit. There are non-debtor bank accounts managed by U.S. staff, but only payments to non-debtor creditors are paid from these accounts.
|
||||
|
[B] Pre-petition payments made during the respective period were based upon approval by the U.S. Bankruptcy Court. Due to the volume of transactions, support shall be furnished upon request.
|
||||
|
[C] Post-petition receivables due from related parties consist of intercompany activities between the Debtors and non-debtors. Due to the volume of transactions, support shall be furnished upon request.
|
||||
|
[D] Pre-petition tax payments were made during the respective period as approved by the U.S. Bankruptcy Court. Due to the volume of transactions, support shall be furnished upon request.
|
||||
|
|
[E] Post-petition loans received by the Debtors consisted of intercompany activities between the Debtors and non-debtors and amounts borrowed under the Debtor-in-Possession Credit Agreement. Due to the volume of intercompany transactions, support shall be furnished upon request.
|
|||
8