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Note 21 - Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Summary of Reconciliation of Basic and Diluted Earnings Per Share

 

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the years ended December 31, 2021, 2020 and 2019 follows (in millions):

 

 

 

Year Ended December 31,

 

(in millions)

 

2021

 

 

2020

 

 

2019

 

Income (loss) from continuing operations attributable to

   Eastman Kodak Company

 

$

24

 

 

$

(544

)

 

$

(91

)

Less: Preferred Stock cash and accrued dividends

 

 

(4

)

 

 

(11

)

 

 

(11

)

Less: Preferred Stock in-kind dividends

 

 

(4

)

 

 

-

 

 

 

-

 

Less: Preferred Stock deemed dividends

 

 

(3

)

 

 

(9

)

 

 

(9

)

Plus: Expiration of Series A embedded derivative

 

 

11

 

 

 

-

 

 

 

-

 

Less: Earnings attributable to Series C Preferred shareholders

 

 

(2

)

 

 

 

 

 

 

Income (loss) from continuing operations available to

   common shareholders - basic and diluted

 

$

22

 

 

$

(564

)

 

$

(111

)

 

Net income (loss) attributable to Eastman Kodak Company

 

$

24

 

 

$

(541

)

 

$

116

 

Less: Preferred Stock cash and accrued dividends

 

 

(4

)

 

 

(11

)

 

 

(11

)

Less: Preferred Stock in-kind dividends

 

 

(4

)

 

 

 

 

 

 

Less: Preferred Stock deemed dividends

 

 

(3

)

 

 

(9

)

 

 

(9

)

Plus: Expiration of Series A embedded derivative

 

 

11

 

 

 

 

 

 

 

Less: Earnings attributable to Series C Preferred shareholders

 

 

(2

)

 

 

 

 

 

 

Net income (loss) available to common shareholders - basic

   and diluted

 

$

22

 

 

$

(561

)

 

$

96

 

 

Weighted-average common shares outstanding - basic

 

 

78.4

 

 

 

57.4

 

 

 

43.0

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock units

 

 

0.1

 

 

 

 

 

 

 

Stock options

 

 

2.0

 

 

 

 

 

 

 

Weighted-average common shares outstanding - diluted

 

 

80.5

 

 

 

57.4

 

 

 

43.0