EX-99.1 2 ekb26formanreport_06282013.htm EASTMAN KODAK COMPANY RE B26 FORM AND REPORT ekb26formanreport_06282013.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 March 31, 2013 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 three months ended March 31, 2013.  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 28, 2013


/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

 


 
                       Exhibit B  
Eastman Kodak Company
                       
Combined Statement of Operations
                       
Unaudited
                       
(in millions)
                       
                         
   
For the Three Months Ended March 31, 2013
 
                         
   
Debtor
   
Non-Debtor
   
Eliminations
   
Consolidated
 
Net sales
  $ 427     $ 589     $ (167 )   $ 849  
Cost of sales
    364       468       (168 )     664  
Gross Profit
    63       121       1       185  
Selling, general and administrative expenses
    70       90       -       160  
Research and development costs
    31       4       -       35  
Restructuring costs and other
    7       5       -       12  
Other operating (income) expenses, net
    (463 )     (31 )     -       (494 )
Earnings from continuing operations before interest expense, loss
  on early extinguishment of debt, other income (charges), net,
  reorganization items, net and income taxes
    418       53       1       472  
Interest expense
    28       2       -       30  
Loss on early extinguishment of debt
    6       -              -       6  
Other income (charges)
    6       (11 )     (9 )     (14 )
Reorganizational items, net
    120       -       -       120  
Earnings from continuing operations before income taxes
    270       40       (8 )     302  
(Benefit) provision for income taxes
    (9 )     16       -       7  
Earnings from continuing operations
    279       24       (8 )     295  
Loss from discontinued operations, net of income taxes
    -       (12 )     -       (12 )
Net earnings
  $ 279     $ 12     $ (8 )   $ 283  
                                 
 


 
4

 

                       Exhibit B  
Eastman Kodak Company
                       
Combined Statement of Financial Position
                       
Unaudited
                       
(in millions)
                       
                         
   
As of March 31, 2013
 
                         
   
Debtor
   
Non-Debtor
   
Eliminations
   
Consolidated
 
ASSETS
                       
CURRENT ASSETS
                       
Cash and cash equivalents
  $ 407     $ 767     $ -     $ 1,174  
Receivables, net
    197       504       -       701  
Receivables and advances from Kodak entities, net
    163       -       (163 )     -  
Inventories, net
    283       284       -       567  
Other current assets
    56       55       -       111  
  Total current assets
    1,106       1,610       (163 )     2,553  
                                 
Property, plant and equipment, net
    391       240       -       631  
Goodwill
    67       129       -       196  
Investment in non-debtor entities
    1,993       -       (1,993 )     -  
Other long-term assets
    36       680       -       716  
   Total Assets
  $ 3,593     $ 2,659     $ (2,156 )   $ 4,096  
                                 
LIABILITIES AND EQUITY
                               
CURRENT LIABILITIES
                               
Accounts payable, trade
  $ 184     $ 220     $ -     $ 404  
Payables and Advances to Kodak entities, net
    -       10       (10 )     -  
Short-term borrowings & current portion of L-T debt
    822       40       -       862  
Other current liabilities
    371       388       -       759  
  Total current liabilities
    1,377       658       (10 )     2,025  
Long-term debt
    370       -       -       370  
Other long-term liabilities
    273       2,003       -       2,276  
Liabilities subject to compromise
    2,940       -       (194 )     2,746  
   Total Liabilities
    4,960       2,661       (204 )     7,417  
                                 
Equity (Deficit)
                               
Capital Stock
    978       1,993       (1,993 )     978  
Additional paid in capital
    1,104       -       -       1,104  
Retained earnings
    3,657       (846 )     41       2,852  
Accumulated other comprehensive loss
    (1,393 )     (1,151 )     -       (2,544 )
      4,346       (4 )     (1,952 )     2,390  
Treasury stock, at cost
    (5,713 )     -       -       (5,713 )
      Total E.K. Shareholders' Equity (Deficit)
    (1,367 )     (4 )     (1,952 )     (3,323 )
Non-controlling interests
    -       2       -       2  
      Total Equity (Deficit)
    (1,367 )     (2 )     (1,952 )     (3,321 )
TOTAL LIABILITIES & EQUITY
  $ 3,593     $ 2,659     $ (2,156 )   $ 4,096  
                                 


 
5

 

Eastman Kodak Company
                     Exhibit B  
Combined Statement of Retained Earnings
                   
Unaudited
                       
(in millions)
                       
                         
   
For the Three Months Ended March 31, 2013
 
                         
   
Debtor
   
Non-Debtor
   
Eliminations
   
Consolidated
 
Retained earnings at beginning of period
  $ 3,409     $ (858 )   $ 49     $ 2,600  
Net earnings
    279       12       (8 )     283  
Loss from issuance of treasury stock
    (31 )     -       -       (31 )
Retained earnings at end of period
  $ 3,657     $ (846 )   $ 41     $ 2,852  
                                 


 
6

 

Eastman Kodak Company
                     Exhibit B  
                         
Combined Statement of Cash Flows
                       
Unaudited
 
For the Three Months Ended March 31, 2013
 
(in millions)
 
Debtors
   
Non-Debtors
   
Eliminations
   
Consolidated
 
                         
Cash flows from operating activities:
                   
Net earnings
  $ 279     $ 12     $ (8 )   $ 283  
Adjustments to reconcile to net cash used in operating activities:
                 
Loss from discontinued operations, net of income taxes
    -       12       -       12  
Depreciation and amortization
    32       18       -       50  
Gain on sale of businesses / assets
    (535 )     (34 )     -       (569 )
Loss on early extinguishment of debt
    6       -       -       6  
Non-cash restructuring costs, asset impairments and other charges
    79       1       -       80  
Non-cash reorganization items, net
    62       -       -       62  
(Benefit) provision for deferred income taxes
    (4 )     22       -       18  
(Increase) decrease in receivables
    (5 )     83       8       86  
Decrease (increase) in inventories
    2       (27 )     -       (25 )
Decrease in liabilities excluding borrowings
    (149 )     (214 )     -       (363 )
Other items, net
    (6 )     92       -       86  
Total adjustments
    (518 )     (47 )     8       (557 )
Net cash used in continuing operations
    (239 )     (35 )     -       (274 )
Net cash (used in) provided by discontinued operations
    (9 )     10       -       1  
Net cash used in operating activities
    (248 )     (25 )     -       (273 )
Cash flows from investing activities:
                               
Additions to properties
    (2 )     (4 )     -       (6 )
Proceeds from sales of businesses / assets
    534       -       -       534  
Advances from (to) Kodak Companies
    3       1       (4 )     -  
Marketable securities - sales
    15       -       -       15  
Marketable securities - purchases
    (17 )     -       -       (17 )
Net cash provided by (used in) investing activities
    533       (3 )     (4 )     526  
Cash flows from financing activities:
                               
Proceeds from DIP credit agreements
    450       -       -       450  
Repayment of term loans under Original Senior DIP Credit Agreement
    (664 )     -       -       (664 )
Advances from (to) Kodak Companies
    (1 )     (3 )     4       -  
Net cash (used in) provided by financing activities
    (215 )     (3 )     4       (214 )
Effect of exchange rate changes on cash
    -       -       -       -  
Net increase in cash and cash equivalents
    70       (31 )     -       39  
Cash and cash equivalents, beginning of period
    337       798       -       1,135  
Cash and cash equivalents, end of period
  $ 407     $ 767     $ -     $ 1,174  
                                 

 
7

 
 
 
In re    Eastman Kodak Company, et al.
                                                                                       
             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
X
Eastman Kodak Company
New Jersey
N/A
N/A
Parent company
10
 
Eastman Kodak Holdings B.V.
The Netherlands
Eastman Kodak Company
100.00%
Foreign subsidiary
11
X
Eastman Kodak International Capital Company, Inc.
Delaware
Eastman Kodak Company
100.00%
Holding company
12
 
Eastman Kodak Sarl
Switzerland
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
13
 
eMagin
N/A
Eastman Kodak Company
0.13%
Venture investment
14
 
Eucalyptus Capital Account
N/A
Eastman Kodak Company
4.55%
Venture investment
15
X
Far East Development Ltd.
Delaware
Eastman Kodak Company
100.00%
Collects on-shore service charges
16
 
FlashPoint Technologies, Inc.
United States
Eastman Kodak Company
3.50%
Venture investment
17
X
FPC Inc.
California
Laser-Pacific Media Corporation
100.00%
Disposal and recycling of film products
18
 
Glogal Lighting Technologies
N/A
Eastman Kodak Company
less than 5%
Venture investment
19
 
Hillcrest Laboratories
N/A
Eastman Kodak Company
0.90%
Venture investment
20
 
Horsell Graphic Industries Ltd.
United Kingdom
Kodak Limited
100.00%
Foreign subsidiary
21
 
K.K. Kodak Information Systems
Japan
Kodak Japan Ltd.
100.00%
Foreign subsidiary
22
 
Kodak
France
Eastman Kodak Company
100.00%
Foreign subsidiary
23
 
Kodak (Australasia) Pty. Ltd.
Australia
Eastman Kodak Company
97.16%
Foreign subsidiary
24
 
Kodak (Australasia) Pty. Ltd.
Australia
Kodak Graphic Communications Canada Company
2.84%
Foreign subsidiary
25
 
Kodak (China) Company Limited
China
Kodak (China) Investment Company Limited
100.00%
Foreign subsidiary
26
 
Kodak (China) Graphic Communications Company Ltd.                                                         China
Kodak (China) Company Ltd.
75.00%
Foreign subsidiary
27
 
Kodak (China) Graphic Communications Company Ltd.                                                        China
Kodak (China) Investment Company Ltd.
25.00%
Foreign subsidiary
28
 
Kodak (China) Investment Company Limited                                                                          China
Kodak (China) Limited
100.00%
Foreign subsidiary
29
 
Kodak (China) Limited
Hong Kong
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
30
 
Kodak (Eastern Europe) Limited
England
Kodak Limited
100.00%
Foreign subsidiary
31
 
Kodak (Egypt) S.A.E.
Egypt
Eastman Kodak Company
99.09%
Foreign subsidiary
32
 
Kodak (Egypt) S.A.E.
Egypt
Eastman Kodak International Capital Company, Inc.
0.40%
Foreign subsidiary
33
 
Kodak (Egypt) S.A.E.
Egypt
Far East Development, Ltd.
0.51%
Foreign subsidiary
34
 
Kodak (Guangzhou) Technology Service Company Limited                                                 China
Canton Hotel
10.00%
Foreign subsidiary
35
 
Kodak (Guangzhou) Technology Service Company Limited                                                China
Kodak (China) Limited
90.00%
Foreign subsidiary
36
 
Kodak (Hong Kong) Limited
Hong Kong
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
37
 
Kodak (Malaysia) Sdn. Bhd.
Malaysia
Eastman Kodak Company
99.98%
Foreign subsidiary
38
 
Kodak (Malaysia) Sdn. Bhd.
Malaysia
Eastman Kodak International Capital Company, Inc.
0.01%
Foreign subsidiary
39
X
Kodak (Near East), Inc.
New York
Eastman Kodak Company
100.00%
Holder of branches
40
 
Kodak (Shanghai) International Trading Co. Ltd.                                                                  China
Kodak (China) Limited
100.00%
Foreign subsidiary
41
 
Kodak (Singapore) Pte. Limited
Singapore
Eastman Kodak Company
100.00%
Foreign subsidiary
42
 
Kodak (Taiwan) Limited
Taiwan
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
43
 
Kodak (Thailand) Limited
Thailand
Eastman Kodak International Capital Company, Inc.
99.97%
Foreign subsidiary
44
 
Kodak (Wuxi) Company Limited
China
Kodak (China) Investment Company Limited
100.00%
Foreign subsidiary
45
 
Kodak (Xiamen) Company Limited
China
Kodak (China) Investment Company Limited
95.00%
Foreign subsidiary
46
 
Kodak (Xiamen) Company Limited
China
Xiamen State-Owned Assets Investment Com
5.00%
Foreign subsidiary
47
 
Kodak (Xiamen) Digital Imaging Products Company Limited                                               China
Kodak (China) Company Limited
75.00%
Foreign subsidiary
48
 
Kodak (Xiamen) Digital Imaging Products Company Limited                                               China
Kodak (China) Investment Company Limited
25.00%
Foreign subsidiary
49
 
Kodak A/S
Denmark
Eastman Kodak International Capital Company, Inc.
100.00%
Foreign subsidiary
50
X
Kodak Americas, Ltd.
New York
Eastman Kodak Company
100.00%
Holder of branches
51
 
Kodak Argentina S.A.I.C.
Argentina
Eastman Kodak Company
53.34%
Foreign subsidiary
52
 
Kodak Argentina S.A.I.C.
Argentina
Eastman Kodak Holdings B.V.
46.66%
Foreign subsidiary
53
 
Kodak Asia Pacific Solutions Pte. Ltd.
Singapore
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
54
X
Kodak Aviation Leasing LLC
Delaware
Eastman Kodak Company
100.00%
Holder of corporate jet leases
55
 
Kodak Brasileira Comercio de Produtos Para Imagem e Servicos Ltda.                              Brazil
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
56
 
Kodak Canada Inc.
Canada/Ontario
Eastman Kodak Company
0.10%
Foreign subsidiary
57
 
Kodak Canada Inc.
Canada/Ontario
Kodak Graphic Communications Canada Company
99.90%
Foreign subsidiary
58
 
Kodak Chilena S.A.F.
Chile
Eastman Kodak Company
100.00%
Foreign subsidiary
59
 
Kodak Chilena S.A.F.
Chile
Eastman Kodak International Capital Company, Inc.
0.00%
Foreign subsidiary
60
 
Kodak da Amazôia Indútria e Comécio Ltda.                                                                            Brazil
Kodak Brasileira Comercio e Industria Lda.
100.00%
Foreign subsidiary
61
 
Kodak de Colombia, SAS
Colombia
Kodak Mexicana S.A. de C.V.
100.00%
Foreign subsidiary
62
 
Kodak de Mexico S.A. de C.V.
Mexico
Eastman Kodak International Capital Company, Inc.
99.99%
Foreign subsidiary
63
 
Kodak de Mexico S.A. de C.V.
Mexico
Kodak Americas, Ltd.
0.01%
Foreign subsidiary
64
 
Kodak Electronic Products (Shanghai) Company Limited                                                      China
Kodak (China) Investment Co., Inc.
100.00%
Foreign subsidiary
65
 
Kodak GmbH
Austria
Eastman Kodak Company
100.00%
Foreign subsidiary
66
 
Kodak GmbH
Germany
Kodak Graphic Communications GmbH
100.00%
Foreign subsidiary
67
 
Kodak Graphic Communications Asia Pacific Pte. Ltd.                                                         Singapore
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
68
 
Kodak Graphic Communications Canada Company                                                               Canada
Eastman Kodak Company
100.00%
Foreign subsidiary
69
 
Kodak Graphic Communications EAD
Bulgaria
Kodak Graphic Communications GmbH
100.00%
Foreign subsidiary
70
 
Kodak Graphic Communications GmbH1                                                                                                                          Germany
Kodak Holding GmbH
100.00%
Foreign subsidiary
71
 
Kodak Graphic Communications Limited                                                                               United Kingdom
Kodak Limited
100.00%
Foreign subsidiary
72
 
Kodak Holding GmbH
Germany
Eastman Kodak Company
100.00%
Foreign subsidiary
73
 
Kodak IL Ltd.
Israel
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
74
 
Kodak Imaging Network B.V.
The Netherlands
Kodak Imaging Network, Inc.
100.00%
Foreign subsidiary
75
X
Kodak Imaging Network, Inc.
Delaware
Eastman Kodak Company
100.00%
Online photofinishing
76
 
Kodak Imaging Services (Shenzhen) Ltd.                     China
Kodak (China) Limited
100.00%
Foreign subsidiary
77
 
Kodak India Private Limited
India
Kodak International Finance Limited
0.00%
Foreign subsidiary
78
 
Kodak India Private Limited
India
Kodak Limited
100.00%
Foreign subsidiary
79
 
Kodak International Finance Limited
England
Kodak Limited
100.00%
Foreign subsidiary
80
 
Kodak Japan Ltd.2
Japan
Eastman Kodak Holdings B.V.
12.67%
Foreign subsidiary
81
 
Kodak Japan Ltd.2
Japan
Kodak Graphic Communications Canada Company
10.23%
Foreign subsidiary
82
 
Kodak Japan Ltd.2
Japan
Kodak Polychrome Graphics Company Ltd.
77.10%
Foreign subsidiary
83
 
Kodak Kft.
Hungary
Eastman Kodak Company
100.00%
Foreign subsidiary
84
 
Kodak Korea Ltd.
Korea (South)
Eastman Kodak Company
100.00%
Foreign subsidiary
85
 
Kodak Limited
England
Eastman Kodak Company
100.00%
Foreign subsidiary
86
 
Kodak Mexicana S.A. de C.V.
Mexico
Eastman Kodak International Capital Company, Inc.
99.99%
Foreign subsidiary
87
 
Kodak Mexicana S.A. de C.V.
Mexico
Kodak Americas, Ltd.
0.01%
Foreign subsidiary
88
 
Kodak Nederland B.V.
The Netherlands
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
89
 
Kodak New Zealand Limited
New Zealand
Eastman Kodak Company
100.00%
Foreign subsidiary
90
 
Kodak Nordic AB
Sweden
Eastman Kodak Company
100.00%
Foreign subsidiary
91
 
Kodak Norge A/S
Norway
Eastman Kodak International Capital Company, Inc.
100.00%
Foreign subsidiary
92
 
Kodak OOO
Russia
Eastman Kodak Company
100.00%
Foreign subsidiary
93
 
Kodak Oy
Finland
Eastman Kodak Company
100.00%
Foreign subsidiary
94
X
Kodak Philippines, Ltd.
New York
Eastman Kodak Company
100.00%
Holder of a branch
95
 
Kodak Polska Sp.zo.o
Poland
Eastman Kodak Company
100.00%
Foreign subsidiary
96
 
Kodak Polychrome Graphics (Hong Kong) Ltd.                 Hong Kong
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
97
 
Kodak Polychrome Graphics China Co. Ltd.                        China
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
98
 
Kodak Polychrome Graphics Company Ltd.                      Barbados
Eastman Kodak Company
100.00%
Foreign subsidiary
99
 
Kodak Polychrome Graphics Cono Sur SA                                                                            Uruguay
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
100
 
Kodak Polychrome Graphics Export SAFI                                                                              Uruguay
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
101
 
Kodak Polychrome Graphics Finance UK Ltd.                    United Kingdom
Kodak Limited
100.00%
Foreign subsidiary
102
 
Kodak Polychrome Graphics Madeira Servicos Ltd.                        Barbados
Kodak Polychrome Graphics Company Ltd.
50.00%
Foreign subsidiary
103
 
Kodak Polychrome Graphics Madeira Servicos Ltd.               Barbados
Merrydown Limited
50.00%
Foreign subsidiary
104
 
Kodak Polychrome Graphics Netherlands Antilles NV                    Curacao
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
105
X
Kodak Portuguesa Limited
New York
Eastman Kodak Company
100.00%
Holder of a branch
106
X
Kodak Realty, Inc.
New York
Eastman Kodak Company
100.00%
Holder of real estate and FCC licenses
107
 
Kodak S.p.A.
Italy
Eastman Kodak Company
100.00%
Foreign subsidiary
108
 
Kodak S.p.A.
Italy
Eastman Kodak International Capital Company, Inc.
0.00%
Foreign subsidiary
109
 
Kodak SA/NV
Belgium
Eastman Kodak Company
0.00%
Foreign subsidiary
110
 
Kodak SA/NV
Belgium
Eastman Kodak Holdings B.V.
31.97%
Foreign subsidiary
111
 
Kodak SA/NV
Belgium
Eastman Kodak International Capital Company, Inc.
35.02%
Foreign subsidiary
112
 
Kodak SA/NV
Belgium
Kodak Graphic Communications Canada Company
2.01%
Foreign subsidiary
113
 
Kodak SA/NV
Belgium
Kodak Nederland BV
31.00%
Foreign subsidiary
114
 
Kodak Societe Anonyme
Switzerland
Eastman Kodak International Capital Company, Inc.
100.00%
Foreign subsidiary
115
 
Kodak Unterstüetzungsgesellschaft mbH                                                                               Germany
Kodak Holding GmbH
100.00%
Foreign subsidiary
116
 
Kodak Venezuela, S.A.
Venezuela
Eastman Kodak Company
100.00%
Foreign subsidiary
117
 
Kodak Versamark Europe SA
Switzerland
Eastman Kodak Holdings B.V.
100.00%
Foreign subsidiary
118
 
Kodak, S.A.
Spain
Eastman Kodak Company
99.99%
Foreign subsidiary
119
 
Kodak, S.A.
Spain
Eastman Kodak International Capital Company, Inc.
0.01%
Foreign subsidiary
120
 
KPG Finance (Barbados) SRL
Barbados
Kodak Polychrome Graphics Company Ltd.
100.00%
Foreign subsidiary
121
 
Laboratoires  Kodak S.A.S.
France
Kodak S.A.
100.00%
Foreign subsidiary
122
X
Laser-Pacific Media Corporation
Delaware
Eastman Kodak Company
100.00%
Parent company
123
 
LensVector
N/A
Eastman Kodak Company
1.04%
Venture investment
124
 
Lockerz
N/A
Eastman Kodak Company
0.53%
Venture investment
125
 
Nanosys
N/A
Eastman Kodak Company
0.66%
Venture investment
126
 
NextEngine
N/A
Eastman Kodak Company
2.00%
Venture investment
127
X
NPEC Inc.
California
Eastman Kodak Company
100.00%
Environmental remediation
128
X
Pakon, Inc.
Indiana
Eastman Kodak Company
100.00%
Dormant company
129
 
Personalised Imaging Finance Limited
United Kingdom
Kodak International Finance Limited
100.00%
Foreign subsidiary
130
 
Pitango Capital Account
N/A
Eastman Kodak Company
0.70%
Venture investment
131
X
Qualex Inc.
Delaware
Eastman Kodak Company
100.00%
Photographic services
132
 
RPB Marketing Company
Japan
Kodak Japan Ltd.
100.00%
Foreign subsidiary
133
 
SAS Villiot-Marne
France
Kodak S.A.
100.00%
Foreign subsidiary
134
 
Shanghai Da Hai Camera Co., Ltd.
China
Kodak (China) Investment Company Limited
75.00%
Foreign subsidiary
135
 
Shanghai Da Hai Camera Co., Ltd.
China
Kodak (China) Limited
25.00%
Foreign subsidiary
136
 
Wheeling Insurance Ltd.
Bermuda
Eastman Kodak Company
100.00%
Foreign subsidiary
137
 
Yamanashi RPB Supply Company
Japan
Kodak Japan Ltd.
100.00%
Foreign subsidiary
138
 
YesVideo
N/A
Eastman Kodak Company
9.30%
Venture investment
139
 
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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