Kodak Ends 2012 with Lots of Red Ink, Some Silver Linings
Kodak on Monday put out its financial results for 2012 overall. And the numbers were generally lousy, chief among them a net loss of almost $1.4 billion for the year. But minus the slightly more than $1 billion the company spent last year on restructuring and on all the costs associated with bankruptcy, such as vast fortunes spent on various attorneys and consultants, and Kodak lost $308 million last year—hundreds of millions less than it did in 2011 or 2010.
Overall for the year, Kodak had sales of $4.1 billion, down significantly from 2011’s $5.2 billion or 2010’s $6 billion.
- Companies:
- Eastman Kodak Co.
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