Attached files
| file | filename |
|---|---|
| 8-K - EASTMAN KODAK COMPANY RE FORM B26 - EASTMAN KODAK CO | ekb26form8k_final.htm |
B26 (Official Form 26) (12/08)
United States Bankruptcy Court
Southern District of New York
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In re: Eastman Kodak Company, et. al.,
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Case No. 12-10202 (ALG)
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Debtor
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Chapter 11
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PERIODIC REPORT REGARDING VALUE, OPERATIONS AND PROFITABILITY OF ENTITIES IN WHICH THE ESTATE OF Eastman Kodak Company, et. al.
HOLDS A SUBSTANTIAL OR CONTROLLING INTEREST
This is the report as of March 31, 2012 on the value, operations and profitability of those entities in which the estate holds a substantial or controlling interest, as required by Bankruptcy Rule 2015.3. The estate of Eastman Kodak Company, et. al. (the “Debtors”) holds a direct substantial or controlling interest in the entities as set forth in the Legal Entity Chart attached hereto as Exhibit C (“Non-Debtor Entities”).
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Name of Entity
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Interest of Estate
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Tab #
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See Exhibit C
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This Periodic Report shall consist of three exhibits. Exhibit A contains a valuation estimate for the Non-Debtor entities as of a date not more than two years prior to the date of this report. It also contains a description of the valuation method used. Exhibit B contains a balance sheet, a statement of income (loss), a statement of cash flows, and a statement of changes in shareholders’ or partners’ equity (deficit) for the period covered for each Non-Debtor Entity, along with summarized footnotes. Exhibit C contains a list of all active entities of the Company, including identified Debtor entities.
Please note with respect to Exhibit A, it would be prohibitively expensive, unduly burdensome, and an inefficient use of estate assets for the Debtors to obtain current market valuations for each Non-Debtor Entity.
Exhibit B contains the combined statement of financial position, statement of operations, statement of cash flows and statement of retained earnings (collectively, the “Financial Statements”) for the Debtor and Non-Debtor Entities and eliminations necessary to combine the two into the consolidated financial statements as of and for the three months ended March 31, 2012. The statement of changes in shareholders’ equity is only prepared on an annual basis by the Company.
The financial information included in this Form 26 filing is unaudited. Although management has made reasonable efforts to ensure that the financial information is accurate and complete at the time of preparation, subsequent receipt of information or discovery may result in material changes to the information contained in this Periodic Report, and inadvertent errors or omissions may exist. Because the financial information included in this filing is unaudited and not subject to the same level of accounting review and testing the Company and related Debtors applies in the preparation of its quarterly and annual financial information in accordance with accounting principles generally accepted in the United States of America, there can be no assurance that the information is accurate and complete and may be subject to further review and potential adjustment. Nothing contained in this filing shall constitute a waiver of any rights of the Debtors, specifically including the Debtors’ right to amend, supplement or otherwise modify this Periodic Report.
THIS REPORT MUST BE SIGNED BY A REPRESENTATIVE OF THE TRUSTEE OR DEBTOR-IN POSSESSION.
The undersigned, having reviewed the above listing of entities in which the estate of Eastman Kodak Company, et. al. holds a direct substantial or controlling interest, and being familiar with the Debtor’s financial affairs, verifies under the penalty of perjury that the listing is complete, accurate and truthful to the best of his/her knowledge.
Date: June 21, 2012
| /s/ Eric Samuels | ||
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Signature of Authorized Individual
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Eric Samuels
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Name of Authorized Individual
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Chief Accounting Officer and Corporate Controller
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Title of Authorized Individual
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2
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In re: Eastman Kodak Company, et. al.,
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Case No. 12-10202 (ALG)
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Debtor
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Chapter 11
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General Notes to the Form 26 Report:
Basis of Presentation:
The Financial Statements contained herein include the results of those entities in which the Debtors hold a direct substantial or controlling interest. The Financial Statements are unaudited, limited in scope and do not comply with generally accepted accounting principles in the United States of America ("U.S. GAAP"). Investment in subsidiary balances is recorded at cost, which may not be in accordance with U.S. GAAP. Entities in which the Debtors do not hold a substantial or controlling interest are accounted for under the cost method.
The Financial Statements have been derived from the books and records of the Company. This information has not been subject to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP, and upon the application of such procedures, the Debtors believe that the financial information could be subject to changes and these changes could be material. Further, the information furnished in this report does not include all of the adjustments that would typically be made in accordance with U.S. GAAP.
The results of operations contained herein are not necessarily indicative of results that are expected from any other period or for the full year and may not necessarily reflect the combined results of operations, financial position and cash flows of the Debtors or Non-Debtors in the future. The information contained herein is provided to fulfill the requirements of the Bankruptcy Rule 2015.3.
3
Exhibit B
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Eastman Kodak Company
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||||||||||||||||
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Combined Statement of Operations
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||||||||||||||||
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Unaudited
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||||||||||||||||
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(in millions)
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||||||||||||||||
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For the Three Months Ended March 31, 2012
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||||||||||||||||
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Debtor
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Non-Debtor
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Eliminations
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Consolidated
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|||||||||||||
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Revenues
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$ | 421 | $ | 748 | $ | (204 | ) | $ | 965 | |||||||
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Cost of Sales
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513 | 620 | (206 | ) | 927 | |||||||||||
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Gross Profit
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(92 | ) | 128 | 2 | 38 | |||||||||||
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Selling, general and administrative expenses
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115 | 112 | - | 227 | ||||||||||||
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Research and development costs
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54 | 12 | - | 66 | ||||||||||||
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Restructuring costs, rationalization and other
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72 | 22 | - | 94 | ||||||||||||
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Other operating (income) expenses
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(1 | ) | - | - | (1 | ) | ||||||||||
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Income / (Loss) from continuing operations before interest
expense, other income (charges), net and income taxes
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(332 | ) | (18 | ) | 2 | (348 | ) | |||||||||
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Interest Expense
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36 | - | - | 36 | ||||||||||||
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Other income (charges), net
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(4 | ) | 2 | (2 | ) | (4 | ) | |||||||||
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Reorganizational items, net
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88 | - | - | 88 | ||||||||||||
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Income / (Loss) from continuing operations before income taxes
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(460 | ) | (16 | ) | - | (476 | ) | |||||||||
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Provision for income taxes
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(135 | ) | 25 | - | (110 | ) | ||||||||||
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Net Income (loss)
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$ | (325 | ) | $ | (41 | ) | $ | - | $ | (366 | ) | |||||
4
Exhibit B
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Eastman Kodak Company
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||||||||||||||||
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Combined Statement of Financial Position
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||||||||||||||||
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Unaudited
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(in millions)
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||||||||||||||||
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As of March 31, 2012
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Debtor
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Non-Debtor
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Eliminations
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Consolidated
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|||||||||||||
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ASSETS
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CURRENT ASSETS
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||||||||||||||||
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Cash and cash equivalents
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$ | 661 | $ | 700 | $ | - | $ | 1,361 | ||||||||
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Trade Receivables, net
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324 | 644 | - | 968 | ||||||||||||
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Receivables and Advances from Kodak entities, net
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267 | - | (267 | ) | - | |||||||||||
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Inventories, net
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341 | 335 | - | 676 | ||||||||||||
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Deferred income taxes
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10 | 56 | - | 66 | ||||||||||||
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Other current assets
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49 | 33 | - | 82 | ||||||||||||
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Total current assets
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1,652 | 1,768 | (267 | ) | 3,153 | |||||||||||
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Property, plant and equipment, net
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524 | 320 | - | 844 | ||||||||||||
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Goodwill
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144 | 134 | - | 278 | ||||||||||||
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Investment in non-debtor entities
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2,008 | - | (2,008 | ) | - | |||||||||||
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Other long-term assets
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65 | 713 | - | 778 | ||||||||||||
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Total Assets
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$ | 4,393 | $ | 2,935 | $ | (2,275 | ) | $ | 5,053 | |||||||
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LIABILITIES AND EQUITY
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CURRENT LIABILITIES
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Accounts payable, trade
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$ | 193 | $ | 291 | $ | - | $ | 484 | ||||||||
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Payables and Advances to Kodak entities, net
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- | 73 | (73 | ) | - | |||||||||||
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Short-term borrowings & current portion of L-T debt
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- | 42 | - | 42 | ||||||||||||
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Accrued income taxes
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34 | 11 | - | 45 | ||||||||||||
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Other current liabilities
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473 | 570 | - | 1,043 | ||||||||||||
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Total current liabilities
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700 | 987 | (73 | ) | 1,614 | |||||||||||
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Long-term debt
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1,408 | 38 | - | 1,446 | ||||||||||||
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Other long-term liabilities
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300 | 1,565 | - | 1,865 | ||||||||||||
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Liabilities subject to compromise
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3,025 | - | (194 | ) | 2,831 | |||||||||||
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Total Liabilities
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5,433 | 2,590 | (267 | ) | 7,756 | |||||||||||
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Equity (Deficit)
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||||||||||||||||
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Capital Stock
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978 | 2,008 | (2,008 | ) | 978 | |||||||||||
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Additional paid in capital
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1,104 | - | - | 1,104 | ||||||||||||
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Retained earnings
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4,491 | (846 | ) | - | 3,645 | |||||||||||
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Accumulated other comprehensive loss
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(1,831 | ) | (819 | ) | - | (2,650 | ) | |||||||||
| 4,742 | 343 | (2,008 | ) | 3,077 | ||||||||||||
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Treasury stock, at cost
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(5,782 | ) | - | - | (5,782 | ) | ||||||||||
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Total E.K. Shareholders' Equity (Deficit)
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(1,040 | ) | 343 | (2,008 | ) | (2,705 | ) | |||||||||
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Non-controlling interests
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- | 2 | - | 2 | ||||||||||||
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Total Equity (Deficit)
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(1,040 | ) | 345 | (2,008 | ) | (2,703 | ) | |||||||||
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TOTAL LIABILITIES & EQUITY
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$ | 4,393 | $ | 2,935 | $ | (2,275 | ) | $ | 5,053 | |||||||
Exhibit B
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Eastman Kodak Company
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Combined Statement of Retained Earnings
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Unaudited
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||||||||||||||||
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(in millions)
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||||||||||||||||
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For the Three Months Ended March 31, 2012
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Debtor
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Non-Debtor
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Eliminations
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Consolidated
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|||||||||||||
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Retained earnings at beginning of period
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$ | 4,876 | $ | (805 | ) | $ | - | $ | 4,071 | |||||||
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Net loss
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(325 | ) | (41 | ) | - | (366 | ) | |||||||||
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Loss from issuance of treasury stock
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(60 | ) | - | - | (60 | ) | ||||||||||
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Retained earnings at end of period
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$ | 4,491 | $ | (846 | ) | $ | - | $ | 3,645 | |||||||
6
Exhibit B
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Eastman Kodak Company
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Combined Statement of Cash flows
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Unaudited
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Three Months Ended March 31, 2012
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|||||||||||||||
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(in millions)
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Debtors
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Non-Debtors
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Eliminations
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Consolidated
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||||||||||||
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Cash flows from operating activities:
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||||||||||||||||
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Net loss
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$ | (325 | ) | $ | (41 | ) | $ | - | $ | (366 | ) | |||||
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Adjustments to reconcile to net cash used in operating activities:
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Depreciation and amortization
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38 | 28 | - | 66 | ||||||||||||
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Loss on early extinguishment of debt
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7 | - | - | 7 | ||||||||||||
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Provision for deferred income taxes
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6 | 9 | - | 15 | ||||||||||||
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(Increase) decrease in receivables
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(32 | ) | 188 | - | 156 | |||||||||||
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Increase in inventories
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(21 | ) | (40 | ) | - | (61 | ) | |||||||||
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Increase (decrease) in liabilities excluding borrowings
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501 | (372 | ) | - | 129 | |||||||||||
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Other items, net
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(224 | ) | 210 | - | (14 | ) | ||||||||||
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Total adjustments
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275 | 23 | - | 298 | ||||||||||||
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Net cash used in operating activities
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(50 | ) | (18 | ) | - | (68 | ) | |||||||||
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Cash flows from investing activities:
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||||||||||||||||
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Additions to properties
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(5 | ) | (5 | ) | - | (10 | ) | |||||||||
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Advances from (to) Kodak Companies
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21 | 32 | (53 | ) | - | |||||||||||
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Marketable securities - sales
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28 | - | - | 28 | ||||||||||||
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Marketable securities - purchases
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(28 | ) | - | - | (28 | ) | ||||||||||
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Net cash used in investing activities
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16 | 27 | (53 | ) | (10 | ) | ||||||||||
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Cash flows from financing activities:
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||||||||||||||||
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Proceeds from DIP credit agreement
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686 | - | - | 686 | ||||||||||||
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Repayment of other borrowings
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(110 | ) | (9 | ) | - | (119 | ) | |||||||||
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Debt issuance costs
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(33 | ) | - | - | (33 | ) | ||||||||||
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Advances from (to) Kodak Companies
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(32 | ) | (21 | ) | 53 | - | ||||||||||
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Proceeds from sale and leaseback transaction
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- | 41 | - | 41 | ||||||||||||
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Net cash provided by financing activities
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511 | 11 | 53 | 575 | ||||||||||||
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Effect of exchange rate changes on cash
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- | 3 | - | 3 | ||||||||||||
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Net increase in cash and cash equivalents
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477 | 23 | - | 500 | ||||||||||||
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Cash and cash equivalents, beginning of period
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184 | 677 | - | 861 | ||||||||||||
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Cash and cash equivalents, end of period
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$ | 661 | $ | 700 | $ | - | $ | 1,361 | ||||||||
7
Exhibit C
In re Eastman Kodak Company, et al.
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Count
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Debtor
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Legal Entity Name
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Incorporation Location
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Owner Name 3
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Ownership Percentage
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Nature of Business
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1
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1680382 Ontario Limited
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Canada/Ontario
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Kodak Canada Inc. in its capacity as Administrator of the Kodak Canada Income Plan
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100.00%
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Foreign subsidiary
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|
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2
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3T Technologies
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N/A
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Eastman Kodak Company
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Unknown
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Venture investment
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3
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Cinelabs (Beijing) Limited
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China
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Beijing Film & Video Laboratory
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40.00%
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Foreign subsidiary
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|
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4
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Cinelabs (Beijing) Limited
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China
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Kodak (China) Limited
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60.00%
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Foreign subsidiary
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|
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5
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Cinesite (Europe) Limited
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England
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Kodak Limited
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100.00%
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Foreign subsidiary
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6
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Creo Asia Pacific Limited
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Hong Kong
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Eastman Kodak Holdings B.V.
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100.00%
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Foreign subsidiary
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|
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7
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Creo Asia Pacific Limited
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Hong Kong
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Kodak Graphic Communications Canada Company
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0.00%
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Foreign subsidiary
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8
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Creo Hungary Limited Liability Company
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Hungary
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Kodak Polychrome Graphic Finance Barbados Srl
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100.00%
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Foreign subsidiary
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9
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X
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Creo Manufacturing America LLC
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Wyoming
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Eastman Kodak Company
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100.00%
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Dormant company
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10
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Creo Prepress Shanghai Limited
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China
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Kodak (China) Ltd.
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100.00%
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Foreign subsidiary
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11
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Creo SRL
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Barbados
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KPG Finance (Barbados) SRL
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100.00%
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Foreign subsidiary
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12
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X
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Eastman Kodak Company
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New Jersey
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N/A
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N/A
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Parent company
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13
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Eastman Kodak Holdings B.V.
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The Netherlands
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Eastman Kodak Company
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100.00%
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Foreign subsidiary
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|
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14
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X
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Eastman Kodak International Capital Company, Inc.
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Delaware
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Eastman Kodak Company
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100.00%
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Holding company
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15
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Eastman Kodak Sarl
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Switzerland
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Eastman Kodak Holdings B.V.
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100.00%
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Foreign subsidiary
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|
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16
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eMagin
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N/A
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Eastman Kodak Company
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0.13%
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Venture investment
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|
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17
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Eucalyptus Capital Account
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N/A
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Eastman Kodak Company
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4.55%
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Venture investment
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|
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18
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X
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Far East Development Ltd.
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Delaware
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Eastman Kodak Company
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100.00%
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Collects on-shore service charges
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19
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FlashPoint Technologies, Inc.
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United States
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Eastman Kodak Company
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3.50%
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Venture investment
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20
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X
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FPC Inc.
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California
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Laser-Pacific Media Corporation
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100.00%
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Disposal and recycling of film products
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21
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Glogal Lighting Technologies
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N/A
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Eastman Kodak Company
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less than 5%
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Venture investment
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22
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Hillcrest Laboratories
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N/A
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Eastman Kodak Company
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0.90%
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Venture investment
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|
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23
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Horsell Graphic Industries Ltd.
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United Kingdom
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Kodak Limited
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100.00%
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Foreign subsidiary
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|
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24
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K.K. Kodak Information Systems
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Japan
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Kodak Japan Ltd.
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100.00%
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Foreign subsidiary
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|
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25
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KLIKK Pty. Ltd.
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Australia
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Kodak (Australasia) Pty. Ltd.
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100.00%
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Foreign subsidiary
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|
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26
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Kodak
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France
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Eastman Kodak Company
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100.00%
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Foreign subsidiary
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|
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27
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Kodak (Australasia) Pty. Ltd.
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Australia
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Eastman Kodak Company
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97.16%
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Foreign subsidiary
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|
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28
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Kodak (Australasia) Pty. Ltd.
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Australia
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Kodak Graphic Communications Canada Company
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2.84%
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Foreign subsidiary
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|
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29
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Kodak (China) Company Limited
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China
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Kodak (China) Investment Company Limited
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100.00%
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Foreign subsidiary
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|
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30
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Kodak (China) Company Limited
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China
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Kodak (Hong Kong) Limited
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0.00%
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Foreign subsidiary
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|
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31
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Kodak (China) Company Limited
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China
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Kodak (Singapore) Pte. Limited
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0.00%
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Foreign subsidiary
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|
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32
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Kodak (China) Graphic Communications Company Ltd.
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Kodak (China) Company Ltd.
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75.00%
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Foreign subsidiary
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||
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33
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Kodak (China) Graphic Communications Company Ltd.
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Kodak (China) Investment Company Ltd.
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25.00%
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Foreign subsidiary
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||
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34
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Kodak (China) Investment Company Limited
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Kodak (China) Limited
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100.00%
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Foreign subsidiary
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||
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35
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Kodak (China) Limited
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Hong Kong
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Eastman Kodak Holdings B.V.
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100.00%
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Foreign subsidiary
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|
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36
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Kodak (Eastern Europe) Limited
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England
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Kodak Limited
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100.00%
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Foreign subsidiary
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|
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37
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Kodak (Egypt) S.A.E.
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Egypt
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Eastman Kodak Company
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99.09%
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Foreign subsidiary
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|
|
38
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Kodak (Egypt) S.A.E.
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Egypt
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Eastman Kodak International Capital Company, Inc.
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0.40%
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Foreign subsidiary
|
|
|
39
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Kodak (Egypt) S.A.E.
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Egypt
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Far East Development, Ltd.
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0.51%
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Foreign subsidiary
|
|
|
40
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Kodak (Guangzhou) Technology Service Company Limited
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Canton Hotel
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10.00%
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Foreign subsidiary
|
||
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41
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Kodak (Guangzhou) Technology Service Company Limited
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Kodak (China) Limited
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90.00%
|
Foreign subsidiary
|
||
|
42
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Kodak (Hong Kong) Limited
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Hong Kong
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Eastman Kodak Holdings B.V.
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100.00%
|
Foreign subsidiary
|
|
|
43
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Kodak (Malaysia) Sdn. Bhd.
|
Malaysia
|
Eastman Kodak Company
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99.98%
|
Foreign subsidiary
|
|
|
44
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Kodak (Malaysia) Sdn. Bhd.
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Malaysia
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Eastman Kodak International Capital Company, Inc.
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0.01%
|
Foreign subsidiary
|
|
|
45
|
X
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Kodak (Near East), Inc.
|
New York
|
Eastman Kodak Company
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100.00%
|
Holder of branches
|
|
46
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Kodak (Shanghai) Graphic Communications Co. Ltd.
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Kodak (China) Limited
|
100.00%
|
Foreign subsidiary
|
||
|
47
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Kodak (Shanghai) International Trading Co. Ltd.
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Kodak (China) Limited
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100.00%
|
Foreign subsidiary
|
||
|
48
|
Kodak (Singapore) Pte. Limited
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Singapore
|
Eastman Kodak Company
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100.00%
|
Foreign subsidiary
|
|
|
49
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Kodak (Taiwan) Limited
|
Taiwan
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
|
|
50
|
Kodak (Thailand) Limited
|
Thailand
|
Eastman Kodak International Capital Company, Inc.
|
99.97%
|
Foreign subsidiary
|
|
|
51
|
Kodak (Wuxi) Company Limited
|
China
|
Kodak (China) Investment Company Limited
|
30.00%
|
Foreign subsidiary
|
|
|
52
|
Kodak (Wuxi) Company Limited
|
China
|
Kodak (China) Limited
|
70.00%
|
Foreign subsidiary
|
|
|
53
|
Kodak (Xiamen) Company Limited
|
China
|
Kodak (China) Investment Company Limited
|
95.00%
|
Foreign subsidiary
|
|
|
54
|
Kodak (Xiamen) Company Limited
|
China
|
Xiamen State-Owned Assets Investment Com
|
5.00%
|
Foreign subsidiary
|
|
|
55
|
Kodak (Xiamen) Digital Imaging Products Company Limited
|
Kodak (China) Company Limited
|
75.00%
|
Foreign subsidiary
|
||
|
56
|
Kodak (Xiamen) Digital Imaging Products Company Limited
|
Kodak (China) Investment Company Limited
|
25.00%
|
Foreign subsidiary
|
||
|
57
|
Kodak A/S
|
Denmark
|
Eastman Kodak International Capital Company, Inc.
|
100.00%
|
Foreign subsidiary
|
|
|
58
|
X
|
Kodak Americas, Ltd.
|
New York
|
Eastman Kodak Company
|
100.00%
|
Holder of branches
|
|
59
|
Kodak Argentina S.A.I.C.
|
Argentina
|
Eastman Kodak Company
|
53.34%
|
Foreign subsidiary
|
|
|
60
|
Kodak Argentina S.A.I.C.
|
Argentina
|
Eastman Kodak Holdings B.V.
|
46.66%
|
Foreign subsidiary
|
|
|
61
|
Kodak Asia Pacific Solutions Pte. Ltd.
|
Singapore
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
|
|
62
|
X
|
Kodak Aviation Leasing LLC
|
Delaware
|
Eastman Kodak Company
|
100.00%
|
Holder of corporate jet leases
|
|
63
|
Kodak Brasileira Comercio de Produtos Para Imagem e Servicos Ltda.
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
||
|
64
|
Kodak Canada Inc.
|
Canada/Ontario
|
Eastman Kodak Company
|
0.10%
|
Foreign subsidiary
|
|
|
65
|
Kodak Canada Inc.
|
Canada/Ontario
|
Kodak Graphic Communications Canada Company
|
99.90%
|
Foreign subsidiary
|
|
|
66
|
Kodak Chilena S.A.F.
|
Chile
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
67
|
Kodak Chilena S.A.F.
|
Chile
|
Eastman Kodak International Capital Company, Inc.
|
0.00%
|
Foreign subsidiary
|
|
|
68
|
Kodak Cinelabs Romania SRL
|
Romania
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
69
|
Kodak Cinelabs SA
|
Greece
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
|
|
70
|
Kodak da Amazôia Indútria e Comécio Ltda.
|
Kodak Brasileira Comercio e Industria Lda.
|
100.00%
|
Foreign subsidiary
|
||
|
71
|
Kodak de Colombia, SAS
|
Colombia
|
Kodak Mexicana S.A. de C.V.
|
100.00%
|
Foreign subsidiary
|
|
|
72
|
Kodak de Mexico S.A. de C.V.
|
Mexico
|
Eastman Kodak International Capital Company, Inc.
|
99.99%
|
Foreign subsidiary
|
|
|
73
|
Kodak de Mexico S.A. de C.V.
|
Mexico
|
Kodak Americas, Ltd.
|
0.01%
|
Foreign subsidiary
|
|
|
74
|
Kodak Electronic Products (Shanghai) Company Limited
|
Kodak (China) Investment Co., Inc.
|
100.00%
|
Foreign subsidiary
|
||
|
75
|
Kodak Export de Mexico, S. de R.L. de C.V.
|
Eastman Kodak International Capital Company, Inc.
|
99.99%
|
Foreign subsidiary
|
||
|
76
|
Kodak Export de Mexico, S. de R.L. de C.V.
|
Kodak Americas, Ltd.
|
0.01%
|
Foreign subsidiary
|
||
|
77
|
Kodak GmbH
|
Austria
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
78
|
Kodak GmbH
|
Germany
|
Kodak Graphic Communications GmbH
|
100.00%
|
Foreign subsidiary
|
|
|
79
|
Kodak Graphic Communications Asia Pacific Pte. Ltd.
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
||
|
80
|
Kodak Graphic Communications Canada Company
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
||
|
81
|
Kodak Graphic Communications EAD
|
Bulgaria
|
Kodak Graphic Communications GmbH
|
100.00%
|
Foreign subsidiary
|
|
|
82
|
Kodak Graphic Communications GmbH1
|
Germany
|
Kodak Holding GmbH
|
100.00%
|
Foreign subsidiary
|
|
|
83
|
Kodak Graphic Communications Limited
|
United Kingdom
|
Kodak Limited
|
100.00%
|
Foreign subsidiary
|
|
|
84
|
Kodak Holding GmbH
|
Germany
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
85
|
Kodak IL Ltd.
|
Israel
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
|
|
86
|
Kodak Imaging Network B.V.
|
The Netherlands
|
Kodak Imaging Network, Inc.
|
100.00%
|
Foreign subsidiary
|
|
|
87
|
X
|
Kodak Imaging Network, Inc.
|
Delaware
|
Eastman Kodak Company
|
100.00%
|
Online photofinishing
|
|
88
|
Kodak Imaging Services (Shenzhen) Ltd.
|
China
|
Kodak (China) Limited
|
100.00%
|
Foreign subsidiary
|
|
|
89
|
Kodak India Private Limited
|
India
|
Kodak International Finance Limited
|
0.00%
|
Foreign subsidiary
|
|
|
90
|
Kodak India Private Limited
|
India
|
Kodak Limited
|
100.00%
|
Foreign subsidiary
|
|
|
91
|
Kodak International Finance Limited
|
England
|
Kodak Limited
|
100.00%
|
Foreign subsidiary
|
|
|
92
|
Kodak Japan Ltd.2
|
Japan
|
Eastman Kodak Holdings B.V.
|
12.67%
|
Foreign subsidiary
|
|
|
93
|
Kodak Japan Ltd.2
|
Japan
|
Kodak Graphic Communications Canada Company
|
10.23%
|
Foreign subsidiary
|
|
|
94
|
Kodak Japan Ltd.2
|
Japan
|
Kodak Polychrome Graphics Company Ltd.
|
77.10%
|
Foreign subsidiary
|
|
|
95
|
Kodak Kft.
|
Hungary
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
96
|
Kodak Korea Ltd.
|
Korea (South)
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
97
|
Kodak Limited
|
England
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
98
|
Kodak Mexicana S.A. de C.V.
|
Mexico
|
Eastman Kodak International Capital Company, Inc.
|
99.99%
|
Foreign subsidiary
|
|
|
99
|
Kodak Mexicana S.A. de C.V.
|
Mexico
|
Kodak Americas, Ltd.
|
0.01%
|
Foreign subsidiary
|
|
|
100
|
Kodak Nederland B.V.
|
The Netherlands
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
|
|
101
|
Kodak New Zealand Limited
|
New Zealand
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
102
|
Kodak Nordic AB
|
Sweden
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
103
|
Kodak Norge A/S
|
Norway
|
Eastman Kodak International Capital Company, Inc.
|
100.00%
|
Foreign subsidiary
|
|
|
104
|
Kodak OOO
|
Russia
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
105
|
Kodak Oy
|
Finland
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
106
|
X
|
Kodak Philippines, Ltd.
|
New York
|
Eastman Kodak Company
|
100.00%
|
Holder of a branch
|
|
107
|
Kodak Polska Sp.zo.o
|
Poland
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
108
|
Kodak Polychrome Graphics (Hong Kong) Ltd.
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
||
|
109
|
Kodak Polychrome Graphics China Co. Ltd.
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
||
|
110
|
Kodak Polychrome Graphics Company Ltd.
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
||
|
111
|
Kodak Polychrome Graphics Cono Sur SA
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
||
|
112
|
Kodak Polychrome Graphics Export SAFI
|
Uruguay
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
|
|
113
|
Kodak Polychrome Graphics Finance UK Ltd.
|
Kodak Limited
|
100.00%
|
Foreign subsidiary
|
||
|
114
|
Kodak Polychrome Graphics Hungary
|
Hungary
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
|
|
115
|
Kodak Polychrome Graphics Madeira Servicos Ltd.
|
Kodak Polychrome Graphics Company Ltd.
|
50.00%
|
Foreign subsidiary
|
||
|
116
|
Kodak Polychrome Graphics Madeira Servicos Ltd.
|
Merrydown Limited
|
50.00%
|
Foreign subsidiary
|
||
|
117
|
Kodak Polychrome Graphics Netherlands Antilles NV
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
||
|
118
|
X
|
Kodak Portuguesa Limited
|
New York
|
Eastman Kodak Company
|
100.00%
|
Holder of a branch
|
|
119
|
Kodak Processing Companies Limited
|
England
|
Kodak Limited
|
100.00%
|
Foreign subsidiary
|
|
|
120
|
X
|
Kodak Realty, Inc.
|
New York
|
Eastman Kodak Company
|
100.00%
|
Holder of real estate and FCC licenses
|
|
121
|
Kodak S.p.A.
|
Italy
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
122
|
Kodak S.p.A.
|
Italy
|
Eastman Kodak International Capital Company, Inc.
|
0.00%
|
Foreign subsidiary
|
|
|
123
|
Kodak SA/NV
|
Belgium
|
Eastman Kodak Company
|
0.00%
|
Foreign subsidiary
|
|
|
124
|
Kodak SA/NV
|
Belgium
|
Eastman Kodak Holdings B.V.
|
31.97%
|
Foreign subsidiary
|
|
|
125
|
Kodak SA/NV
|
Belgium
|
Eastman Kodak International Capital Company, Inc.
|
35.02%
|
Foreign subsidiary
|
|
|
126
|
Kodak SA/NV
|
Belgium
|
Kodak Graphic Communications Canada Company
|
2.01%
|
Foreign subsidiary
|
|
|
127
|
Kodak SA/NV
|
Belgium
|
Kodak Nederland BV
|
31.00%
|
Foreign subsidiary
|
|
|
128
|
Kodak Societe Anonyme
|
Switzerland
|
Eastman Kodak International Capital Company, Inc.
|
100.00%
|
Foreign subsidiary
|
|
|
129
|
Kodak Unterstüetzungsgesellschaft mbH
|
Germany
|
Kodak Holding GmbH
|
100.00%
|
Foreign subsidiary
|
|
|
130
|
Kodak Venezuela, S.A.
|
Venezuela
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
131
|
Kodak Versamark Europe SA
|
Switzerland
|
Eastman Kodak Holdings B.V.
|
100.00%
|
Foreign subsidiary
|
|
|
132
|
Kodak, S.A.
|
Spain
|
Eastman Kodak Company
|
99.99%
|
Foreign subsidiary
|
|
|
133
|
Kodak, S.A.
|
Spain
|
Eastman Kodak International Capital Company, Inc.
|
0.01%
|
Foreign subsidiary
|
|
|
134
|
KPG Finance (Barbados) SRL
|
Barbados
|
Kodak Polychrome Graphics Company Ltd.
|
100.00%
|
Foreign subsidiary
|
|
|
135
|
Laboratoires Kodak S.A.S.
|
France
|
Kodak S.A.
|
100.00%
|
Foreign subsidiary
|
|
|
136
|
X
|
Laser-Pacific Media Corporation
|
Delaware
|
Eastman Kodak Company
|
100.00%
|
Parent company
|
|
137
|
LensVector
|
N/A
|
Eastman Kodak Company
|
1.04%
|
Venture investment
|
|
|
138
|
Lockerz
|
N/A
|
Eastman Kodak Company
|
0.53%
|
Venture investment
|
|
|
139
|
Nanosys
|
N/A
|
Eastman Kodak Company
|
0.66%
|
Venture investment
|
|
|
140
|
NextEngine
|
N/A
|
Eastman Kodak Company
|
2.00%
|
Venture investment
|
|
|
141
|
X
|
NPEC Inc.
|
California
|
Eastman Kodak Company
|
100.00%
|
Environmental remediation
|
|
142
|
X
|
Pakon, Inc.
|
Indiana
|
Eastman Kodak Company
|
100.00%
|
Dormant company
|
|
143
|
Pitango Capital Account
|
N/A
|
Eastman Kodak Company
|
0.70%
|
Venture investment
|
|
|
144
|
X
|
Qualex Inc.
|
Delaware
|
Eastman Kodak Company
|
100.00%
|
Photographic services
|
|
145
|
RPB Marketing Company
|
Japan
|
Kodak Japan Ltd.
|
100.00%
|
Foreign subsidiary
|
|
|
146
|
SAS Villiot-Marne
|
France
|
Kodak S.A.
|
100.00%
|
Foreign subsidiary
|
|
|
147
|
Shanghai Da Hai Camera Co., Ltd.
|
China
|
Kodak (China) Investment Company Limited
|
75.00%
|
Foreign subsidiary
|
|
|
148
|
Shanghai Da Hai Camera Co., Ltd.
|
China
|
Kodak (China) Limited
|
25.00%
|
Foreign subsidiary
|
|
|
149
|
Wheeling Insurance Ltd.
|
Bermuda
|
Eastman Kodak Company
|
100.00%
|
Foreign subsidiary
|
|
|
150
|
Yamanashi RPB Supply Company
|
Japan
|
Kodak Japan Ltd.
|
100.00%
|
Foreign subsidiary
|
|
|
151
|
YesVideo
|
N/A
|
Eastman Kodak Company
|
9.30%
|
Venture investment
|
|
|
152
|
YesVideo
|
N/A
|
Eastman Kodak Company
|
0.48%
|
Venture investment
|
|
| 1 |
Effective 9/5/2011, Kodak Graphic Communications GmbH merged into its parent, Kodak Verwaltung GmbH. Effective the same day, Kodak Verwaltung GmbH changed its name to Kodak Graphic Communications GmbH.
|
|||||
| 2 |
Effective 1/1/2009, Kodak Japan Ltd. merged into its parent, Kodak IPS Japan Inc. Effective the same day, Kodak IPS Japan Inc. changed its name to Kodak Japan Ltd.
|
|||||
| 3 |
Individuals with current ownership percentages less than 0.05% are not listed.
|
|||||
8