Business Context and Reporting Period
Company: Eastman Kodak Company
Filing Type: Form 8-K (Current Report)
Date of Report: August 9, 2016
Reporting Period: Second Quarter 2016
This filing serves as a notification that the Company issued a press release on August 9, 2016, detailing its financial results for the second quarter of 2016. The full results are contained in Exhibit 99.1, which is not included in the text of this 8-K filing.
Key Financial Metrics
The text of this Form 8-K does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It references the existence of a press release containing these figures but does not reproduce the data within the filing body.
The filing explicitly notes the use of the following non-GAAP financial measures in the associated press release:
- Operational EBITDA
- Revenues and Operational EBITDA on a constant currency basis
- Improvement in PROSPER EBITDA
- Improvement in Operational EBITDA on a constant currency basis excluding Consumer Inkjet business Operational EBITDA before Corporate Costs
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It only states that the press release describes the second quarter 2016 financial results.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the rationale for presenting non-GAAP measures. The Company states that these measures represent important internal performance metrics used by management and are provided to assist users in assessing underlying performance and comparability. The filing confirms compliance with Regulation G and Item 2.02 of Form 8-K regarding these non-GAAP disclosures.
No specific guidance, outlook, risks, contingencies, or unusual items are detailed in the text of this 8-K.
Investor Verification Checklist
- Review Exhibit 99.1 (the August 9, 2016 press release) for actual revenue, earnings, and cash flow figures.
- Verify the reconciliation of non-GAAP measures (Operational EBITDA, constant currency adjustments) to GAAP net income as required by Regulation G.
- Confirm the specific performance of the PROSPER and Consumer Inkjet business segments mentioned in the non-GAAP metrics.
- Check for any forward-looking statements or updated guidance included in the referenced press release.