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Hello, I need help with the attached homework, regarding my SEC-10K company selected, Kodak. I need the answers in a day, sorry for the short
Hello, I need help with the attached homework, regarding my SEC-10K company selected, Kodak. I need the answers in a day, sorry for the short time.
Thank you in advance.
1. Using the Accounting 301 Course resources and/or other online resources, find and review a financial analysis of your selected SEC -10k company from the prior year. Identify at least three (3) components of the analysis that are important to evaluating the entity's past, present or project future performance. Write a paragraph explaining each selected component of the analysis and how the information it helps the user determine evaluate financial performance. *you can select any of Statement of owners' equity, income statement, balance sheet, gross profit, etc. 2. Provide a critique of your SEC 10-k financial analysis based on the following metrics: a. Executive summary - introduction of the company b. Horizontal analysis - accuracy of financial computation, thoroughness of report, knowledge of material, quality of analysis. c. Vertical analysis - accuracy of financial computations, thoroughness of report, knowledge of material, quality of analysis. d. Ratio analysis - accuracy of financial computations, thoroughness of report, knowledge of material, quality of analysis. e. Conclusions/ recommendations - quality of conclusions and recommendations. f. Public perception and recent results. EASTMAN KODAK CO FORMReport) 10-K (Annual Filed 03/16/15 for the Period Ending 12/31/14 Address Telephone CIK Symbol SIC Code Industry Sector Fiscal Year 343 STATE ST ROCHESTER, NY 14650-0910 7167244000 0000031235 KODK 3861 - Photographic Equipment and Supplies Printing Services Services 12/31 http://www.edgar-online.com Copyright 2015, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K [X] Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the year ended December 31, 2014 or Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from_____to_____ Commission File Number 1-87 EASTMAN KODAK COMPANY (Exact name of registrant as specified in its charter) NEW JERSEY (State of incorporation) 16-0417150 (IRS Employer Identification No.) 343 STATE STREET, ROCHESTER, NEW YORK (Address of principal executive offices) 14650 (Zip Code) Registrant's telephone number, including area code: _____________ 585-724-4000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Common Stock, $0.01 par value Name of each exchange on which registered New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None _____________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X] Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X] Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ] Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T ( 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.[ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer,\" \"accelerated filer" and \"smaller reporting company\" in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [X] Non-accelerated filer [ ] Smaller reporting company [ ] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X] The aggregate market value of the voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, as of the last business day of the registrant's most recently completed second fiscal quarter, June 30, 2014 was approximately $240 million. The registrant has no non-voting common stock. The number of shares outstanding of the registrant's common stock as of March 2, 2015 was 41,873,154 shares of common stock. Eastman Kodak Company Form 10-K December 31, 2014 Table of Contents Page Part I Item 1 . Item 1A. Item 1B . Item 2. Item 3. Item 4. Business Risk Factors Unresolved Staff Comments Properties Legal Proceedings Mine Safety Disclosures Executive Officers of the Registrant 3 8 16 17 17 17 18 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Item 6 . Item 7. Selected Financial Data Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources Quantitative and Qualitative Disclosures About Market Risk Financial Statements and Supplementary Data Consolidated Statement of Operations Consolidated Statement of Comprehensive (Loss) Income Consolidated Statement of Financial Position Consolidated Statement of Equity (Deficit) Consolidated Statement of Cash Flows Notes to Financial Statements Changes in and Disagreements With Accountants on Accounting and Financial Disclosure Controls and Procedures Other Information Item 7A. Item 8. Item 9. Item 9A. Item 9B. 21 23 26 41 44 45 47 48 49 50 52 54 126 126 127 Part III Item 10. Item 11. Item 12. Directors, Executive Officers and Corporate Governance Executive Compensation Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Item 13. Item 14. Certain Relationships and Related Transactions, and Director Independence Principal Accounting Fees and Services 127 127 127 128 128 Part IV Item 15. Exhibits, Financial Statement Schedules Signatures Schedule II - Valuation and Qualifying Accounts Index to Exhibits 128 129 130 131 2 PART I ITEM 1. BUSINESS When used in this report, unless otherwise indicated by the context, \"we,\" \"our,\" \"us,\" and \"Kodak\" refer to the consolidated company on the basis of consolidation described in Note 1 to the consolidated financial statements in Part II, Item 8, \"Financial Statements and Supplementary Data\" of this Form 10-K Report. Also, unless otherwise indicated by the context, \"EKC\" means the parent company, Eastman Kodak Company (the \"Company\"). Kodak is a technology company focused on imaging for business. Kodak provides commercial products and services built on its expertise in three core technologies: materials science; digital imaging science and software; and deposition processes. Kodak's portfolio of products and services is designed to meet the needs of customers in different sectors and cycles of the commercial imaging and printing markets. Kodak leverages its core technology products and services to develop solutions for the product goods packaging and graphic communications markets, and is commercializing products for the functional printing market. Kodak also offers brand licensing and intellectual property opportunities, provides products and services for motion pictures and other commercial films, and sells ink to its existing installed consumer inkjet printer base. The Company was founded by George Eastman in 1880 and incorporated in 1901 in the State of New Jersey. Kodak is headquartered in Rochester, New York. EMERGENCE FROM VOLUNTARY REORGANIZATION UNDER CHAPTER 11 PROCEEDINGS On January 19, 2012 (the \"Petition Date\"), the Company and its U.S. subsidiaries (collectively, the \"Debtors\") filed voluntary petitions for relief (the \"Bankruptcy Filing\") under chapter 11 of the United States Bankruptcy Code (the \"Bankruptcy Code\") in the United States Bankruptcy Court for the Southern District of New York (the \"Bankruptcy Court\"). The cases (the \"Chapter 11 Cases\") were jointly administered as Case No. 12-10202 (ALG) under the caption \"In re Eastman Kodak Company.\" The Debtors operated their businesses as \"debtors-in-possession\" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company's foreign subsidiaries (collectively, the \"Non-Filing Entities\") were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business. On August 23, 2013, the Bankruptcy Court entered an order (the \"Confirmation Order\") confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (the \"Plan\"). On September 3, 2013 (the \"Effective Date\"), the Plan became effective and the Debtors emerged from chapter 11 protection. Fresh Start Accounting Upon emergence from chapter 11, Kodak applied the provisions of fresh start accounting to its financial statements as of September 1, 2013. The adoption of fresh start accounting resulted in Kodak becoming a new entity for financial reporting purposes. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. References to \"Successor\" or \"Successor Company\" relate to the reorganized Kodak subsequent to the Effective Date. References to \"Predecessor\" or \"Predecessor Company\" relate to Kodak prior to the Effective Date. REPORTABLE SEGMENTS Kodak reports financial information for two reportable segments: the Graphics, Entertainment and Commercial Films Segment and the Digital Printing and Enterprise Segment. The balance of Kodak's continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other and are composed of Kodak's consumer film business in countries where that business has not yet transferred ownership to the KPP Purchasing Parties (as defined in Note 24, \"Emergence From Voluntary Reorganization Under Chapter 11 Proceedings\Step by Step Solution
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