EX-99.1 2 ekb26formandreport_12282012.htm EASTMAN KODAK COMPANY RE FORM B26 ekb26formandreport_12282012.htm
B26 (Official Form 26) (12/08)


United States Bankruptcy Court
Southern District of New York


                             In re:                      Eastman Kodak Company, et. al.,                                                                                                Case No.  12-10202 (ALG)
                                    
                                Debtor                                                                                              Chapter 11
 
 
 

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 September 30, 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”).
 

        
Name of Entity
Interest of Estate
Tab #
 
See Exhibit C
 
    
     
     
 

 
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 nine months ended September 30, 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: December 28, 2012


/s/ Eric Samuels
Signature of Authorized Individual
 
Eric Samuels
Name of Authorized Individual
 
Chief Accounting Officer and Corporate Controller
Title of Authorized Individual
 
 

 
2
 

                         In re:                          Eastman Kodak Company, et. al.,                                                                                                Case No.  12-10202 (ALG)
 
                                  Debtor                                                                                                                                              Chapter 11
 
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 non-debtor entities is recorded at cost, which may not be in accordance with U.S. GAAP.  Investment in other entities in which the Company does not hold a substantial or controlling interest are accounted for under the cost method and are reported in other long-term assets.
 
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
 

Eastman Kodak Company
                      Exhibit B  
Combined Statement of Operations
                        
Unaudited
                        
(in millions)
                        
                         
   
For the Nine Months Ended September 30, 2012
  
                         
   
Debtor
    
Non-Debtor
    
Eliminations
    
Consolidated
  
Revenues
   $ 1,385     $ 2,254     $ (645 )   $ 2,994  
Cost of Sales
     1,449       1,792       (651 )     2,590  
Gross Profit
     (64 )     462       6       404  
Selling, general and administrative expenses
     306       302       -       608  
Research and development costs
     127       31       -       158  
Restructuring costs and other
     154       52       -       206  
Other operating (income) expenses
     (4 )     -       -       (4 )
(Loss) / Income from continuing operations before interest expense, other income (charges), net, reorganization items,
net and income taxes
     (647 )     77       6       (564 )
Interest Expense
     110       7       -       117  
Other income (charges), net
     (7 )     11       (6 )     (2 )
Reorganizational items, net
     304       -       -       304  
(Loss) / Income from continuing operations before income taxes
     (1,068 )     81       -       (987 )
(Benefit) / Provision for income taxes
     (153 )     69       -       (84 )
(Loss) / Income from continuing operations
     (915 )     12       -       (903 )
Loss from discontinued operations, net of income taxes
     (45 )     (29 )             (74 )
Net Loss
   $ (960 )   $ (17 )   $ -     $ (977 )
                                 

 
4
 


Eastman Kodak Company
                      Exhibit B  
Combined Statement of Financial Position
                        
Unaudited
                        
(in millions)
                        
                         
   
As of September 30, 2012
  
                         
   
Debtor
    
Non-Debtor
    
Eliminations
    
Consolidated
  
ASSETS
                        
CURRENT ASSETS
                        
Cash and cash equivalents
   $ 314     $ 818     $ -     $ 1,132  
Receivables, net
     227       586       -       813  
Receivables and Advances from Kodak entities, net
     234       -       (234 )     -  
Inventories, net
     319       319       -       638  
Deferred income taxes
     11       45       -       56  
Other current assets
     30       24       -       54  
  Total current assets
     1,135       1,792       (234 )     2,693  
                                 
Property, plant and equipment, net
     461       285       -       746  
Goodwill
     144       135       -       279  
Investment in non-debtor entities
     2,008       -       (2,008 )     -  
Other long-term assets
     49       636       -       685  
   Total Assets
   $ 3,797     $ 2,848     $ (2,242 )   $ 4,403  
                                 
LIABILITIES AND EQUITY
                                
CURRENT LIABILITIES
                                
Accounts payable, trade
   $ 170     $ 270     $ -     $ 440  
Payables and Advances to Kodak entities, net
     -       41       (41 )     -  
Short-term borrowings & current portion of L-T debt
     -       40       -       40  
Accrued income and other taxes
     10       (1 )     -       9  
Other current liabilities
     426       544       -       970  
  Total current liabilities
     606       894       (41 )     1,459  
Long-term debt
     1,399       1       -       1,400  
Other long-term liabilities
     251       1,577       -       1,828  
Liabilities subject to compromise
     3,140       -       (193 )     2,947  
   Total Liabilities
     5,396       2,472       (234 )     7,634  
                                 
Equity (Deficit)
                                
Capital Stock
     978       2,008       (2,008 )     978  
Additional paid in capital
     1,106       -       -       1,106  
Retained earnings
     3,866       (851 )     -       3,015  
Accumulated other comprehensive loss
     (1,789 )     (783 )     -       (2,572 )
      4,161       374       (2,008 )     2,527  
Treasury stock, at cost
     (5,760 )     -       -       (5,760 )
      Total E.K. Shareholders' Equity (Deficit)
     (1,599 )     374       (2,008 )     (3,233 )
Non-controlling interests
     -       2       -       2  
      Total Equity (Deficit)
     (1,599 )     376       (2,008 )     (3,231 )
TOTAL LIABILITIES & EQUITY
   $ 3,797     $ 2,848     $ (2,242 )   $ 4,403  
                                 


 
5
 

Eastman Kodak Company
                      Exhibit B  
Combined Statement of Retained Earnings
                    
Unaudited
                        
(in millions)
                        
                         
   
For the Nine Months Ended September 30, 2012
  
                         
   
Debtor
    
Non-Debtor
    
Eliminations
    
Consolidated
  
Retained earnings at beginning of period
   $ 4,905     $ (834 )   $ -     $ 4,071  
Net loss
     (960 )     (17 )     -       (977 )
Loss from issuance of treasury stock
     (79 )     -       -       (79 )
Retained earnings at end of period
   $ 3,866     $ (851 )   $ -     $ 3,015  
                                 

 
6
 


Eastman Kodak Company
                      Exhibit B  
Combined Statement of Cash Flows
                        
Unaudited
  
For the Nine Months Ended September 30, 2012
  
                         
(in millions)
  
Debtors
    
Non-Debtors
    
Eliminations
    
Consolidated
  
                         
Cash flows from operating activities:
                    
Net loss
   $ (960 )   $ (17 )   $ -     $ (977 )
Adjustments to reconcile to net cash used in operating activities:
                  
Loss from discontinued operations, net of income taxes
     45       29               74  
Depreciation and amortization
     118       65       -       183  
Gain on sale of businesses / assets
     (1 )     (9 )             (10 )
Loss on early extinguishment of debt
     7       -       -       7  
Non-cash restructuring costs, asset impairments and other charges
     16       16               32  
Non-cash and financing related reorganization items, net
     213       -               213  
Provision for deferred income taxes
     5       61       -       66  
Decrease in receivables
     67       125       -       192  
Increase in inventories
     (27 )     (42 )     -       (69 )
Increase (decrease) in liabilities excluding borrowings
     108       (67 )     -       41  
Other items, net
     9       (52 )     -       (43 )
Total adjustments
     560       126       -       686  
Net cash used in continuing operations
     (400 )     109       -       (291 )
Net cash provided by discontinued operations
     1       29               30  
Net cash used in operating activities
     (399 )     138       -       (261 )
Cash flows from investing activities:
                                
Additions to properties
     (21 )     (30 )     -       (51 )
Proceeds from sales of businesses / assets
     9       26               35  
Advances from (to) Kodak Companies
     9       11       (20 )     -  
Marketable securities - sales
     78       -       -       78  
Marketable securities - purchases
     (72 )     -       -       (72 )
Net cash used in continuing operations
     3       7       (20 )     (10 )
Net cash provided by discontinued operations
     24       3       -       27  
Net cash provided by investing activities
     27       10       (20 )     17  
Cash flows from financing activities:
                                
Proceeds from DIP credit agreement
     686       -       -       686  
Repayment of borrowings
     (133 )     (42 )     -       (175 )
Reorganization items
     (40 )     -       -       (40 )
Advances from (to) Kodak Companies
     (11 )     (9 )     20       -  
Proceeds from sale and leaseback transaction
     -       41       -       41  
Net cash provided by financing activities
     502       (10 )     20       512  
Effect of exchange rate changes on cash
     -       3       -       3  
Net increase in cash and cash equivalents
     130       141       -       271  
Cash and cash equivalents, beginning of period
     184       677       -       861  
Cash and cash equivalents, end of period
   $ 314     $ 818     $ -     $ 1,132  
                                 

 
7
 
 

 
            Exhibit C
             
Count
Debtor
Legal Entity Name
Incorporation Location
Owner Name 3
 
Ownership Percentage
Nature of Business
1
  
1680382 Ontario Limited
Canada/Ontario
Kodak Canada Inc. in its capacity as Administrator of the Kodak Canada Income Plan
100.00%
Foreign subsidiary
2
  
3T Technologies
N/A
Eastman Kodak Company
Unknown
Venture investment
3
  
Cinelabs (Beijing) Limited
China
Beijing Film & Video Laboratory
40.00%
Foreign subsidiary
4
  
Cinelabs (Beijing) Limited
China
Kodak (China) Limited
60.00%
Foreign subsidiary
5
  
Project Ceylon Limited
England
Kodak Limited
100.00%
Foreign subsidiary
6
  
Creo Asia Pacific Limited
Hong Kong
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
7
  
Creo Asia Pacific Limited
Hong Kong
Kodak Graphic Communications Canada Company
0.00%
Foreign subsidiary
8
X
Creo Manufacturing America LLC
Wyoming
Eastman Kodak Company
100.00%
Dormant company
9
  
Creo Prepress Shanghai Limited
China
Kodak (China) Ltd.
100.00%
Foreign subsidiary
10
X
Eastman Kodak Company
New Jersey
N/A
N/A
Parent company
11
  
Eastman Kodak Holdings B.V.
The Netherlands
Eastman Kodak Company
100.00%
Foreign subsidiary
12
X
Eastman Kodak International Capital Company, Inc.
Delaware
Eastman Kodak Company
100.00%
Holding company
13
  
Eastman Kodak Sarl
Switzerland
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
14
  
eMagin
N/A
Eastman Kodak Company
0.13%
Venture investment
15
  
Eucalyptus Capital Account
N/A
Eastman Kodak Company
4.55%
Venture investment
16
X
Far East Development Ltd.
Delaware
Eastman Kodak Company
100.00%
Collects on-shore service charges
17
  
FlashPoint Technologies, Inc.
United States
Eastman Kodak Company
3.50%
Venture investment
18
X
FPC Inc.
California
Laser-Pacific Media Corporation
100.00%
Disposal and recycling of film products
19
  
Glogal Lighting Technologies
N/A
Eastman Kodak Company
less than 5%
Venture investment
20
  
Hillcrest Laboratories
N/A
Eastman Kodak Company
0.90%
Venture investment
21
  
Horsell Graphic Industries Ltd.
United Kingdom
Kodak Limited
100.00%
Foreign subsidiary
22
  
K.K. Kodak Information Systems
Japan
Kodak Japan Ltd.
100.00%
Foreign subsidiary
23
  
Kodak
France
Eastman Kodak Company
100.00%
Foreign subsidiary
24
  
Kodak (Australasia) Pty. Ltd.
Australia
Eastman Kodak Company
97.16%
Foreign subsidiary
25
  
Kodak (Australasia) Pty. Ltd.
Australia
Kodak Graphic Communications Canada Company
2.84%
Foreign subsidiary
26
  
Kodak (China) Company Limited
China
Kodak (China) Investment Company Limited
100.00%
Foreign subsidiary
27
  
Kodak (China) Company Limited
China
Kodak (Hong Kong) Limited
0.00%
Foreign subsidiary
28
  
Kodak (China) Company Limited
China
Kodak (Singapore) Pte. Limited
0.00%
Foreign subsidiary
29
  
Kodak (China) Graphic Communications Company Ltd.
Kodak (China) Company Ltd.
75.00%
Foreign subsidiary
30
  
Kodak (China) Graphic Communications Company Ltd.
Kodak (China) Investment Company Ltd.
25.00%
Foreign subsidiary
31
  
Kodak (China) Investment Company Limited
Kodak (China) Limited
100.00%
Foreign subsidiary
32
  
Kodak (China) Limited
Hong Kong
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
33
  
Kodak (Eastern Europe) Limited
England
Kodak Limited
100.00%
Foreign subsidiary
34
  
Kodak (Egypt) S.A.E.
Egypt
Eastman Kodak Company
99.09%
Foreign subsidiary
35
  
Kodak (Egypt) S.A.E.
Egypt
Eastman Kodak International Capital Company, Inc.
0.40%
Foreign subsidiary
36
  
Kodak (Egypt) S.A.E.
Egypt
Far East Development, Ltd.
0.51%
Foreign subsidiary
37
  
Kodak (Guangzhou) Technology Service Company Limited
Canton Hotel
10.00%
Foreign subsidiary
38
  
Kodak (Guangzhou) Technology Service Company Limited
Kodak (China) Limited
90.00%
Foreign subsidiary
39
  
Kodak (Hong Kong) Limited
Hong Kong
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
40
  
Kodak (Malaysia) Sdn. Bhd.
Malaysia
Eastman Kodak Company
99.98%
Foreign subsidiary
41
  
Kodak (Malaysia) Sdn. Bhd.
Malaysia
Eastman Kodak International Capital Company, Inc.
0.01%
Foreign subsidiary
42
X
Kodak (Near East), Inc.
New York
Eastman Kodak Company
100.00%
Holder of branches
43
  
Kodak (Shanghai) Graphic Communications Co. Ltd.
Kodak (China) Limited
100.00%
Foreign subsidiary
44
  
Kodak (Shanghai) International Trading Co. Ltd.
Kodak (China) Limited
100.00%
Foreign subsidiary
45
  
Kodak (Singapore) Pte. Limited
Singapore
Eastman Kodak Company
100.00%
Foreign subsidiary
46
  
Kodak (Taiwan) Limited
Taiwan
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
47
  
Kodak (Thailand) Limited
Thailand
Eastman Kodak International Capital Company, Inc.
99.97%
Foreign subsidiary
48
  
Kodak (Wuxi) Company Limited
China
Kodak (China) Investment Company Limited
100.00%
Foreign subsidiary
49
  
Kodak (Xiamen) Company Limited
China
Kodak (China) Investment Company Limited
95.00%
Foreign subsidiary
50
  
Kodak (Xiamen) Company Limited
China
Xiamen State-Owned Assets Investment Com
5.00%
Foreign subsidiary
51
  
Kodak (Xiamen) Digital Imaging Products Company Limited
Kodak (China) Company Limited
75.00%
Foreign subsidiary
52
  
Kodak (Xiamen) Digital Imaging Products Company Limited
Kodak (China) Investment Company Limited
25.00%
Foreign subsidiary
53
  
Kodak A/S
Denmark
Eastman Kodak International Capital Company, Inc.
100.00%
Foreign subsidiary
54
X
Kodak Americas, Ltd.
New York
Eastman Kodak Company
100.00%
Holder of branches
55
  
Kodak Argentina S.A.I.C.
Argentina
Eastman Kodak Company
53.34%
Foreign subsidiary
56
  
Kodak Argentina S.A.I.C.
Argentina
Eastman Kodak Holdings B.V.
46.66%
Foreign subsidiary
57
  
Kodak Asia Pacific Solutions Pte. Ltd.
Singapore
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
58
X
Kodak Aviation Leasing LLC
Delaware
Eastman Kodak Company
100.00%
Holder of corporate jet leases
59
  
Kodak Brasileira Comercio de Produtos Para Imagem e Servicos Ltda.
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
60
  
Kodak Canada Inc.
Canada/Ontario
Eastman Kodak Company
0.10%
Foreign subsidiary
61
  
Kodak Canada Inc.
Canada/Ontario
Kodak Graphic Communications Canada Company
99.90%
Foreign subsidiary
62
  
Kodak Chilena S.A.F.
Chile
Eastman Kodak Company
100.00%
Foreign subsidiary
63
  
Kodak Chilena S.A.F.
Chile
Eastman Kodak International Capital Company, Inc.
0.00%
Foreign subsidiary
64
  
SRL Romania
Romania
Eastman Kodak Company
100.00%
Foreign subsidiary
65
  
Kodak da Amazôia Indútria e Comécio Ltda.
Kodak Brasileira Comercio e Industria Lda.
100.00%
Foreign subsidiary
66
  
Kodak de Colombia, SAS
Colombia
Kodak Mexicana S.A. de C.V.
100.00%
Foreign subsidiary
67
  
Kodak de Mexico S.A. de C.V.
Mexico
Eastman Kodak International Capital Company, Inc.
99.99%
Foreign subsidiary
68
  
Kodak de Mexico S.A. de C.V.
Mexico
Kodak Americas, Ltd.
0.01%
Foreign subsidiary
69
  
Kodak Electronic Products (Shanghai) Company Limited
Kodak (China) Investment Co., Inc.
100.00%
Foreign subsidiary
70
  
Kodak GmbH
Austria
Eastman Kodak Company
100.00%
Foreign subsidiary
71
  
Kodak GmbH
Germany
Kodak Graphic Communications GmbH
100.00%
Foreign subsidiary
72
  
Kodak Graphic Communications Asia Pacific Pte. Ltd.
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
73
  
Kodak Graphic Communications Canada Company
Eastman Kodak Company
100.00%
Foreign subsidiary
74
  
Kodak Graphic Communications EAD
Bulgaria
Kodak Graphic Communications GmbH
100.00%
Foreign subsidiary
75
  
Kodak Graphic Communications GmbH 1
Kodak Holding GmbH
100.00%
Foreign subsidiary
76
  
Kodak Graphic Communications Limited
Kodak Limited
100.00%
Foreign subsidiary
77
  
Kodak Holding GmbH
Germany
Eastman Kodak Company
100.00%
Foreign subsidiary
78
  
Kodak IL Ltd.
Israel
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
79
  
Kodak Imaging Network B.V.
The Netherlands
Kodak Imaging Network, Inc.
100.00%
Foreign subsidiary
80
X
Kodak Imaging Network, Inc.
Delaware
Eastman Kodak Company
100.00%
Online photofinishing
81
  
Kodak Imaging Services (Shenzhen) Ltd.
Kodak (China) Limited
100.00%
Foreign subsidiary
82
  
Kodak India Private Limited
India
Kodak International Finance Limited
0.00%
Foreign subsidiary
83
  
Kodak India Private Limited
India
Kodak Limited
100.00%
Foreign subsidiary
84
  
Kodak International Finance Limited
England
Kodak Limited
100.00%
Foreign subsidiary
85
  
Kodak Japan Ltd.  2
Japan
Eastman Kodak Holdings B.V.
12.67%
Foreign subsidiary
86
  
Kodak Japan Ltd.  2
Japan
Kodak Graphic Communications Canada Company
10.23%
Foreign subsidiary
87
  
Kodak Japan Ltd.  2
Japan
Kodak Polychrome Graphics Company Ltd.
77.10%
Foreign subsidiary
88
  
Kodak Kft.
Hungary
Eastman Kodak Company
100.00%
Foreign subsidiary
89
  
Kodak Korea Ltd.
Korea (South)
Eastman Kodak Company
100.00%
Foreign subsidiary
90
  
Kodak Limited
England
Eastman Kodak Company
100.00%
Foreign subsidiary
91
  
Kodak Mexicana S.A. de C.V.
Mexico
Eastman Kodak International Capital Company, Inc.
99.99%
Foreign subsidiary
92
  
Kodak Mexicana S.A. de C.V.
Mexico
Kodak Americas, Ltd.
0.01%
Foreign subsidiary
93
  
Kodak Nederland B.V.
The Netherlands
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
94
  
Kodak New Zealand Limited
New Zealand
Eastman Kodak Company
100.00%
Foreign subsidiary
95
  
Kodak Nordic AB
Sweden
Eastman Kodak Company
100.00%
Foreign subsidiary
96
  
Kodak Norge A/S
Norway
Eastman Kodak International Capital Company, Inc.
100.00%
Foreign subsidiary
97
  
Kodak OOO
Russia
Eastman Kodak Company
100.00%
Foreign subsidiary
98
  
Kodak Oy
Finland
Eastman Kodak Company
100.00%
Foreign subsidiary
99
X
Kodak Philippines, Ltd.
New York
Eastman Kodak Company
100.00%
Holder of a branch
100
  
Kodak Polska Sp.zo.o
Poland
Eastman Kodak Company
100.00%
Foreign subsidiary
101
  
Kodak Polychrome Graphics (Hong Kong) Ltd.
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
102
  
Kodak Polychrome Graphics China Co. Ltd.
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
103
  
Kodak Polychrome Graphics Company Ltd.
Eastman Kodak Company
100.00%
Foreign subsidiary
104
  
Kodak Polychrome Graphics Cono Sur SA
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
105
  
Kodak Polychrome Graphics Export SAFI
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
106
  
Kodak Polychrome Graphics Finance UK Ltd.
Kodak Limited
100.00%
Foreign subsidiary
107
  
Kodak Polychrome Graphics Hungary
Hungary
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
108
  
Kodak Polychrome Graphics Madeira Servicos Ltd.
Kodak Polychrome Graphics Company Ltd.
50.00%
Foreign subsidiary
109
  
Kodak Polychrome Graphics Madeira Servicos Ltd.
Merrydown Limited
50.00%
Foreign subsidiary
110
  
Kodak Polychrome Graphics Netherlands Antilles NV
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
111
X
Kodak Portuguesa Limited
New York
Eastman Kodak Company
100.00%
Holder of a branch
112
X
Kodak Realty, Inc.
New York
Eastman Kodak Company
100.00%
Holder of real estate and FCC licenses
113
  
Kodak S.p.A.
Italy
Eastman Kodak Company
100.00%
Foreign subsidiary
114
  
Kodak S.p.A.
Italy
Eastman Kodak International Capital Company, Inc.
0.00%
Foreign subsidiary
115
  
Kodak SA/NV
Belgium
Eastman Kodak Company
0.00%
Foreign subsidiary
116
  
Kodak SA/NV
Belgium
Eastman Kodak Holdings B.V.
31.97%
Foreign subsidiary
117
  
Kodak SA/NV
Belgium
Eastman Kodak International Capital Company, Inc.
35.02%
Foreign subsidiary
118
  
Kodak SA/NV
Belgium
Kodak Graphic Communications Canada Company
2.01%
Foreign subsidiary
119
  
Kodak SA/NV
Belgium
Kodak Nederland BV
31.00%
Foreign subsidiary
120
  
Kodak Societe Anonyme
Switzerland
Eastman Kodak International Capital Company, Inc.
100.00%
Foreign subsidiary
121
  
Kodak Unterstüetzungsgesellschaft mbH
Kodak Holding GmbH
100.00%
Foreign subsidiary
122
  
Kodak Venezuela, S.A.
Venezuela
Eastman Kodak Company
100.00%
Foreign subsidiary
123
  
Kodak Versamark Europe SA
Switzerland
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
124
  
Kodak, S.A.
Spain
Eastman Kodak Company
99.99%
Foreign subsidiary
125
  
Kodak, S.A.
Spain
Eastman Kodak International Capital Company, Inc.
0.01%
Foreign subsidiary
126
  
KPG Finance (Barbados) SRL
Barbados
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
127
  
Laboratoires  Kodak S.A.S.
France
Kodak S.A.
100.00%
Foreign subsidiary
128
X
Laser-Pacific Media Corporation
Delaware
Eastman Kodak Company
100.00%
Parent company
129
  
LensVector
N/A
Eastman Kodak Company
1.04%
Venture investment
130
  
Lockerz
N/A
Eastman Kodak Company
0.53%
Venture investment
131
  
Nanosys
N/A
Eastman Kodak Company
0.66%
Venture investment
132
  
NextEngine
N/A
Eastman Kodak Company
2.00%
Venture investment
133
X
NPEC Inc.
California
Eastman Kodak Company
100.00%
Environmental remediation
134
X
Pakon, Inc.
Indiana
Eastman Kodak Company
100.00%
Dormant company
135
  
Pitango Capital Account
N/A
Eastman Kodak Company
0.70%
Venture investment
136
X
Qualex Inc.
Delaware
Eastman Kodak Company
100.00%
Photographic services
137
  
RPB Marketing Company
Japan
Kodak Japan Ltd.
100.00%
Foreign subsidiary
138
  
SAS Villiot-Marne
France
Kodak S.A.
100.00%
Foreign subsidiary
139
  
Shanghai Da Hai Camera Co., Ltd.
China
Kodak (China) Investment Company Limited
75.00%
Foreign subsidiary
140
  
Shanghai Da Hai Camera Co., Ltd.
China
Kodak (China) Limited
25.00%
Foreign subsidiary
141
  
Wheeling Insurance Ltd.
Bermuda
Eastman Kodak Company
100.00%
Foreign subsidiary
142
  
Yamanashi RPB Supply Company
Japan
Kodak Japan Ltd.
100.00%
Foreign subsidiary
143
  
YesVideo
N/A
Eastman Kodak Company
9.30%
Venture investment
144
  
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.

 
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