EX-99.1 2 julymor_08292012.htm EASTMAN KODAK COMPANY RE JULY MOR julymor_08292012.htm

 
UNITED STATES BANKRUPTCY COURT
 
FOR THE SOUTHERN DISTRICT OF NEW YORK
         
         
In re Eastman Kodak Company
      
   
Case No. (Jointly Administered)
12-10202
   
Reporting Period:
31-Jul-12
   
Federal Tax I.D. #
16-0417150
 
CORPORATE MONTHLY OPERATING REPORT
      
         
         
         
 
REQUIRED DOCUMENTS
Form No.
Document Attached
Explanation Attached
 
Schedule of Cash Receipts and Disbursements
MOR-1
X
  
 
Bank Account Information
MOR-1a
X
  
 
     Copies of bank statements
    
X
 
     Cash disbursements journals
    
X
 
Statement of Operations (Income Statement)
MOR-2
X
  
 
Balance Sheet
MOR-3
X
  
 
Status of Post-petition Taxes
MOR-4
X
  
 
     Copies of IRS Form 6123 or payment receipt
    
X
 
     Copies of tax returns filed during reporting period
    
X
 
Summary of Unpaid Post-petition Debts
MOR-4
  
X
 
     Listing of Aged Accounts Payable
    
X
 
Accounts Receivable Reconciliation and Aging
MOR-5
  
X
 
Taxes Reconciliation and Aging
MOR-5
  
X
 
Payments to Insiders and Professionals
MOR-6
  
X
 
Post-petition Secured Notes Adequate Protection Payments
MOR-6
  
X
 
Debtor Questionnaire
MOR-7
X
  
         
 
 
 
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.
      
         
         
     
August 29, 2012
 
Signature of Authorized Individual*
  
Date
  
         
         
 
/s/ Eric Samuels
      
 
Printed Name of Authorized Individual
      
         
 
Chief Accounting Officer and Corporate Controller
      
 
Title
      
         
         
 
*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 debtor is a limited liability company.
       
 

 
 
 
 



In re Eastman Kodak Company
  
Form No.
Legal Entities and Notes to MOR
   
Case No. (Jointly Administered)
12-10202
   
Reporting Period:
31-Jul-12
   
Federal Tax I.D. #
16-0417150
       
Listing of Debtor Entities and Notes to the Monthly Operating Report
  
       
GENERAL:
      
The report includes activity from the following Debtors and related Case Numbers:
 
Debtor
Case Number
    
Kodak Realty, Inc.
12-10201
    
Eastman Kodak Company
12-10202
    
Creo Manufacturing America LLC
12-10203
    
Eastman Kodak International Capital Company, Inc.
12-10204
    
Far East Development Ltd.
12-10205
    
FPC Inc.
12-10206
    
Kodak (Near East), Inc.
12-10207
    
Kodak Americas, Ltd
12-10208
    
Kodak Aviation Leasing LLC
12-10209
    
Kodak Imaging Network, Inc.
12-10210
    
Kodak Philippines, Ltd.
12-10211
    
Kodak Portuguesa Limited
12-10212
    
Laser-Pacific Media Corporation
12-10213
    
NPEC Inc.
12-10214
    
Pakon, Inc.
12-10215
    
Qualex Inc.
12-10216
    
       
Notes to the MOR:
      
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 described below.
 
On May 10, 2012, the Bankruptcy Court entered an order establishing July 17, 2012 as the bar date for potential creditors to file proofs of claims. As of July 30, 2012, the Debtors have received approximately 5,900 proofs of claims, a portion of which assert, in part or in whole, unliquidated amounts.  The Company is now in the process of reconciling such claims to the amounts listed by the Debtors in their schedule of assets and liabilities.  Differences in liability amounts estimated by the Company and claims filed by creditors will be investigated and resolved, including through the filing of objections with the Bankruptcy Court, where appropriate.  The Company may ask the Court to disallow claims that the Company believes are duplicative, have been later amended or superseded, are without merit, are overstated or should be disallowed for other reasons.  In addition, as a result of this process, the Company may identify additional liabilities that will need to be recorded or reclassified to liabilities subject to compromise.  In light of the substantial number of claims filed, the claims resolution process may take considerable time to complete. The resolution of such claims could result in material adjustments to the Debtors financial statements. The determination of how liabilities will ultimately be treated cannot be made until the Bankruptcy Court approves a plan of reorganization.  Accordingly, the ultimate amount or treatment of such liabilities is not determinable at this time.
 
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.
       
Notes to MOR 4 and MOR 5:
      
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.
       
Note to MOR 6:
      
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.
       
       


 
2
 

 
In re Eastman Kodak Company
    
Form No.
MOR-1
     
Case No. (Jointly Administered)
12-10202
     
Reporting Period:
31-Jul-12
     
Federal Tax I.D. #
16-0417150
Schedule of Cash Receipts and Disbursements
      
(Amounts in $'s)
        
       
TIME PERIOD:
       
7/1/2012 - 7/31/2012
         
Debtor
Case Number
Cash Receipts
Cash Disbursements
Total
Kodak Realty, Inc.
12-10201
 $                                                               -
 $                                                                -
 $                                                                          -
Eastman Kodak Company
12-10202
                  149,269,090
                 (223,718,433)
                      (74,449,343)
Creo Manufacturing America LLC
12-10203
                                      -
                                       -
                                          -
Eastman Kodak International Capital Company, Inc.
12-10204
                                      -
                                       -
                                          -
Far East Development Ltd.
12-10205
                                      -
                                       -
                                          -
FPC Inc.
12-10206
                          769,602
                         (594,758)
                              174,844
Kodak (Near East), Inc.
12-10207
                      1,127,258
                         (836,667)
                              290,591
Kodak Americas, Ltd
12-10208
                                      -
                                 (237)
                                    (237)
Kodak Aviation Leasing LLC
12-10209
                                      -
                                       -
                                          -
Kodak Imaging Network, Inc.
12-10210
                                      -
                     (6,505,596)
                        (6,505,596)
Kodak Philippines, Ltd.
12-10211
                          225,832
                         (260,532)
                              (34,700)
Kodak Portuguesa Limited
12-10212
                                      -
                                       -
                                          -
Laser-Pacific Media Corporation
12-10213
                                      -
                              (1,306)
                                (1,306)
NPEC Inc.
12-10214
                                      -
                         (178,344)
                            (178,344)
Pakon, Inc.
12-10215
                                      -
                                       -
                                          -
Qualex Inc.
12-10216
                      4,400,934
                     (2,382,989)
                          2,017,945
         
Notes to MOR 1:
        
Cash receipts and disbursement amounts are derived based on information from the Debtors bank statements.  Cash receipts and disbursements between Debtors 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.
         
Cash receipts for Kodak Imaging Network, Inc. have been included under Eastman Kodak Company as separate cash receipt accounts do not exist.
         
Cash receipts and cash disbursements related to the Debtor-In-Possession financing have been excluded from the cash receipts and disbursement totals above.
         

 

 
3
 
 

In re Eastman Kodak Company
  
Form No.
MOR-1a
     
Case No. (Jointly Administered)
 12-10202
     
Reporting Period:
31-Jul-12
Bank Account Information    
Federal Tax I.D. #
 16-0417150
(Amounts in $'s)
      
         
Legal Entity
Case Number
Bank Name / Address
Account Number
 Bank Balance
Eastman Kodak Company
12-10202
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
2890
                             85,191
Eastman Kodak Company
12-10202
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
1931
                           117,645
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
                             13,281
Eastman Kodak Company
12-10202
Bank of New York Mellon,  500 Ross Street, Suite 154-1320,  Pittsburgh, PA 15262-0001
2763
                       2,270,827
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]
12-10202
Bank of New York Mellon, 500 Ross Street, Suite 154-1320,  Pittsburgh, PA 15262-0007
8751
                       2,202,684
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
                  382,001,088
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
                             58,588
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
                               4,988
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
                               4,650
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
                               4,627
Eastman Kodak Company
12-10202
J P Morgan Chase, 270 Park Ave., New York, NY 10080
7561
                           163,874
Eastman Kodak Company
12-10202
J P Morgan Chase, 270 Park Ave., New York, NY 10081
5762
                             95,840
Eastman Kodak Company
12-10202
J P Morgan Chase, 270 Park Ave., New York, NY 10081
0023
                             74,899
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
                             10,000
Eastman Kodak Company
12-10202
PNC Bank,  Two Tower Center 23rd Floor,  E. Brunswick, NJ 08816
7407
                     12,682,044
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 Company
12-10202
Wells Fargo Bank,  CTS ABS Wilmington DE WFBNA, 919 N. Market St, 16th Floor,
Wilmington, DE 19801-3023
8200
                       5,331,318
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
                             30,000
FPC, Inc.
12-10206
BNL Banca Nazionale del Lavoro - Agenzia Cinisello Balsamo - Piazza Gramsci 34, 20092 Cinisello Balsamo (MI) Italy
3911
                       1,854,634
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
                             96,923
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
 Closed on March 21, 2012
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
 Closed on June 29, 2012
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
 Closed on March 21, 2012
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
 Closed on March 1, 2012
Qualex, Inc.
12-10216
Ozark Mountain Bank   1115 James Wpps Road    Branson, Mo 65616
5491
 Closed on March 1, 2012
Qualex, Inc.
12-10216
Ozark Mountain Bank   1115 James Wpps Road    Branson, Mo 65616
5656
                           339,920
Qualex, Inc.
12-10216
Ozark Mountain Bank   1115 James Wpps Road    Branson, Mo 65616
5579
                             26,327
Qualex, Inc.
12-10216
Ozark Mountain Bank   1115 James Wpps Road    Branson, Mo 65616
5480
                           297,725
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
                           706,693
Qualex, Inc.
12-10216
SunTrust Bank, 3325 Parkway, Pigeon Forge, TN 37863
2665
                           140,647
Qualex, Inc.
12-10216
US Bank N.A., Towne Square Branch 5000 Frederica Street, Suite 47 Owensboro, KY 42301
4838
 Closed on January 29, 2012
Qualex, Inc.
12-10216
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
9268
                                      -
Qualex, Inc.
12-10216
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
9307
                                      -
Qualex, Inc.
12-10216
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
9310
                                      -
Qualex, Inc.
12-10216
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
9297
                                      -
Qualex, Inc.
12-10216
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
9271
 Closed on May 21, 2012
Qualex, Inc.
12-10216
Bank of America, 602 Peachtree St NE 10th Floor, Atlanta, GA 30308
9284
 Closed on May 21, 2012
Kodak Americas, Ltd
12-10208
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
  4009
                               1,603
Kodak Americas, Ltd
12-10208
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
  4017
                                     71
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
                               3,926
Kodak Americas, Ltd
12-10208
CitibankAvenida Canaval Y Moreyra 480, San Isidro, Lima
  4114
                             89,667
Kodak Americas, Ltd
12-10208
Banco de CréditoJuan de Arona 893, Piso 11 - San Isidro, Lima
1086
                               9,982
Kodak Americas, Ltd
12-10208
Banco de CréditoJuan de Arona 893, Piso 11 - San Isidro, Lima
0193
                           323,615
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
                           469,084
Kodak (Near East), Inc.
12-10207
CITIBANK INTL PLC, GREECE BRANCH , 8, OTHONOS STREET, Athens 10557, Greece
  0073
                       1,566,842
Kodak (Near East), Inc.
12-10207
AMAROUSION BRANCH 146, 60, KIFISSIAS AVENUE, 151 25 AMAROUSION ATTICA, Athens, Greece
1217
                             54,913
Kodak (Near East), Inc.
12-10207
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box  749, Dubai, UAE
8605
                             21,023
Kodak (Near East), Inc.
12-10207
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box  749, Dubai, UAE
8613
                       2,323,220
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
                           184,454
Kodak (Near East), Inc.
12-10207
Yeditepe Subesi, Buyukdere Cad. No:111 Mecidiyeköy, Sisli, Istanbul Turkey
2098
                           996,120
Kodak (Near East), Inc.
12-10207
Yeditepe Subesi, Buyukdere Cad. No:111 Mecidiyeköy, Sisli, Istanbul Turkey
2627
                       1,151,988
Kodak (Near East), Inc.
12-10207
 Baglarbasi Subesi, Cumhuriyet Cad.  Anıt Sok. No:70-C, 34674 Uskudar, Istanbul, Turkey
5001
                                      -
Kodak Portuguesa Limited
12-10212
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box  749, Dubai, UAE
8017
 Closed on April 16, 2012
Kodak Portuguesa Limited
12-10212
Citibank N.A Dubai, Al Wasl Branch, Sheikh Rashid Road, PO Box  749, Dubai, UAE
8009
 Closed on April 16, 2012
Kodak Philippines, Ltd.
12-10211
Banco De Oro, 'GC Corporate Plaza, Legaspi St., Legaspi Village, Makati City,  Philippines
2458
                             39,037
Kodak Philippines, Ltd.
12-10211
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
6007
                           641,742
Kodak Philippines, Ltd.
12-10211
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
6031
                     12,237,960
Kodak Philippines, Ltd.
12-10211
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
6015
                           272,188
Kodak Philippines, Ltd.
12-10211
Citibank, Citibank Tower, 8741 Paseo De Roxas, Makati City, Philippines
6023
                             81,765
         
Notes to MOR-1a:
        
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:
  
31-Jul-12
  
       
Federal Tax I.D. #
     16-0417150  
                 
Debtor Combined Statement of Operations (Unaudited)
                
(Amounts in $000's)
                
           
TIME PERIOD:
  
           
7/1/2012 - 7/31/2012
  
   
July
            
Revenues
   $  162,514            
Cost of sales
     165,689            
Gross profit
     (3,175 )          
Selling, general and administrative expenses
     39,360            
Research and development costs
     13,539            
Restructuring costs, rationalization and other
     272            
Other operating (income) expenses
     (4,078 )          
Loss from continuing operations before interest
 expense, other income (charges), net, reorganization items, net and
 income taxes
     (52,268 )          
Interest expense
     12,605            
Other income (charges), net
     (1,440 )          
Reorganization items, net
     12,181            
Loss from continuing operations before income taxes
     (78,494 )          
Provision for income taxes
     166            
Loss from continuing operations
     (78,660 )          
Income (loss) from discontinued operations
     0            
Net loss
   $  (78,660 )          
                   
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:
  
31-Jul-12
  
       
Federal Tax I.D. #
     16-0417150  
                 
Debtor Combined Balance Sheet (Unaudited)
                
(Amounts in $000's)
                
                 
   
As of
            
   
July 31, 2012
            
ASSETS
                
CURRENT ASSETS
                
Cash and cash equivalents
   $  438,166            
Trade receivables, net
     174,788            
Receivables and advances from non-debtor entities, net
     249,970            
Inventories, net
     324,333            
Deferred income taxes
     11,857            
Other current assets
     37,799            
  Total current assets
     1,236,913            
                   
Property, plant and equipment, net
     485,205            
Goodwill
     143,773            
Investment in non-debtor entities
     2,007,794            
Other long-term assets
     54,881            
   Total Assets
   $  3,928,566            
                   
LIABILITIES AND EQUITY
                  
CURRENT LIABILITIES
                  
Accounts payable, trade
   $  175,615            
Accrued income taxes
     9,112            
Other current liabilities
     389,477            
  Total current liabilities
     574,204            
                   
Long-term debt
     739,189            
Debtor-in-possession financing
     658,393            
Other long-term liabilities
     241,857            
Liabilities subject to compromise
     3,103,466            
   Total Liabilities
     5,317,109            
                   
Shareholders Equity (Deficit)
     (1,388,543 )          
   Total Liabilities and Shareholders Equity (Deficit)
   $ 3,928,566            
                   
                   
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:
    
31-Jul-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
   $ 67,645     $ 11,293,715     $ (11,296,227 )   $ 65,133  
Payroll Taxes - State and local
     229,210       2,266,024       (2,347,805 )     147,429  
Real and Personal Property
     -       3,238,034       (3,238,034 )     -  
Sales and Use
     (464,734 )     948,463       (1,226,828 )     (743,099 )
Intellectual Property Fees
     -       1,820,953       (1,820,953 )     -  
Income / franchise taxes
     -       43,195       (43,195 )     -  
Other
     -       6,108       (6,108 )     -  
    Total Taxes
   $ (167,879 )   $ 19,616,492     $ (19,979,150 )   $ (530,537 )
                                 
                                 
                                 
Notes to MOR 4:
                                
Eastman Kodak Company and related debtors received authority which allowed the payment of certain pre-petition income, sales, use, franchise and property taxes 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:
31-Jul-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
  
[A]
2
Have any funds been disbursed from any account other than a debtor in possession account this reporting period?
X
[B]
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
  
[C]
7
Are any post petition receivables (accounts, notes or loans) due from related parties?
X
  
[D]
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
  
[E]
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
  
[F]
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]
During the reporting period, the Company sold certain assets out of the ordinary course of business in accordance with the Order Approving Expedited Procedures for the Sale, Transfer, Donation and/or Abandonment of De Minimis Assets [Docket No. 445].
         
  [B]
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.
         
  [C] 
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.
         
         
  [D] 
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.
         
         
  [E] 
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.
         
         
  [F]
Post-petition loans received by the Debtors consisted of intercompany activities between the Debtors and non-debtors. Due to the volume of intercompany transactions, support shall be furnished upon request.
         

 
8