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Content analysis
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Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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- 10-K Annual report
- 4 Exhibit (4) G.
- 10 Exhibit (10) M.
- 10 Exhibit (10) P.
- 10 Exhibit (10) R.
- 10 Exhibit (10) S.
- 10 Exhibit (10) X.
- 10 Exhibit (10) Y.
- 10 Exhibit (10) Z.
- 10 Exhibit (10) Aa.
- 12 Exhibit (12)
- 21 Exhibit (21)
- 23 Exhibit (23)
- 31.1 Exhibit (31.1)
- 31.2 Exhibit (31.2)
- 32.1 Exhibit (32.1)
- 32.2 Exhibit (32.2)
Exhibit (12)
Eastman Kodak Company
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratios)
Year Ended December 31
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| 2004 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
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| (Restated) |
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(Loss) earnings from continuing operations before provision for income taxes |
| $ | (94 | ) | $ | 104 |
| $ | 894 |
| $ | 83 |
| $ | 2,097 |
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Adjustments: |
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Minority interest in income/(loss) of subsidiaries with fixed charges |
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| 2 |
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| 24 |
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| 17 |
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| (11 | ) |
| 11 |
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Undistributed (earnings)/ loss of equity method investees |
|
| (30 | ) |
| 41 |
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| 107 |
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| 77 |
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| 36 |
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Interest expense |
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| 168 |
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| 147 |
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| 173 |
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| 218 |
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| 178 |
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Interest component of rental expense (1) |
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| 54 |
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| 53 |
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| 53 |
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| 42 |
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| 52 |
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Amortization of capitalized interest |
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| 25 |
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| 27 |
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| 28 |
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| 28 |
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| 28 |
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Earnings as adjusted |
| $ | 125 |
| $ | 396 |
| $ | 1,272 |
| $ | 437 |
| $ | 2,402 |
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Fixed charges: |
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Interest expense |
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| 168 |
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| 147 |
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| 173 |
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| 218 |
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| 178 |
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Interest component of rental expense (1) |
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| 54 |
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| 53 |
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| 53 |
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| 42 |
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| 52 |
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Capitalized interest |
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| 2 |
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| 2 |
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| 3 |
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| 12 |
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| 40 |
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Total fixed charges |
| $ | 224 |
| $ | 202 |
| $ | 229 |
| $ | 272 |
| $ | 270 |
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Ratio of earnings to fixed charges |
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| 0.6 | x |
| 2.0 | x |
| 5.6 | x |
| 1.6 | x |
| 8.9 | x |
(1) | Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor. |