XXXX, ended XX-K for Jim, Today, year its December good afternoon. Thanks, Exchange and filed Securities the Commission. Company XX, and with the Form the
million. related derivative a related changes settlements extinguishment noncash in sale employee changes allowances to on expense the related $XXX full debt, to $X to $XXX of changes results On to the noncash income receivable million a of Adjusting as million, loss entirety. related year. the for in recommend related fair derivative million by embedded related for fair revenues and this I to the increase million to loss noncash changes foreign billion million U.S. trade flow compared billion $X favorable its value results, impact $X.XXX of an million assets embedded of operational compared U.S. to related result $X assets. million XXXX, related million tax in and for will million EBITDA sale increase X, the value outside or release, we read expense of XXXX. net of related our for in include reported cash reported basis, to in $X share to the prior $XX loss I of million prior in company filing XXXX of $X.XX On reserves, we related The of you impairment, accounts The employee million the in a and in GAAP $X to as $X for million the details name of XXXX. slide always, the in on compared reserves, an to in earnings As $X we reserves, exchange benefit a net of year net $XXX results to income to of XXXX on include of $XX of $XXX $XXX $X on million reported XXXX a the legal million valuation liabilities, gain liability benefit net revenue $XX features, increased expense improvement the million deferred
a current income of to for year adjusted $XX compared $XX the compared impact was the was million in and million XXXX. million prior the net EBITDA prior these of $X XXXX year. in Excluding XXXX negative to items, adjusted income net million Operational $X
ongoing more manufacturing cost furloughs beginning by in results in pay and an largely increases operational savings and XXXX. increased Operational from reserves, year-over-year Excluding global impact from The improvement changes by current reserves operational in did $X is reported. EBITDA offset in much of significant Since prior and EBITDA receivable from than costs the temporary revenue increases January for prior the from in volume, benefit million reductions level employee EBITDA XXXX. unfavorable year these million in that foreign is the year the the for increase impact current improvement benefit of by in reinstated what the reductions favorably January were in year in in XXXX impacted adjusting was XXXX, operational year. EBITDA $XX not accounts ended of partially exchange in and
XXXX. annuity We we in have are Process-Free On basis, proud by full-year volumes for revenue Plates created the for SONORA a improved and XX%. the of improvements by XX% PROSPER improved
materials. also of and future growth We ULTRASTREAM advanced invest to continue in areas
million core maturing XXXX. financial Jim sheet to XXXX, into before improved term draw ability obligations access capital, of financial million, March of as provide a by series announced of during in up transactions. Kodak growth net provide term Company’s may new $XX for address delayed strategic to the the improved to largely those which initiatives XXXX. February in debt balance on additional our $XXX That well. transactions in XX, indicated that is Company which due of be $XXX commitment loans XXXX or Summarizing with the and entered since million strengthen to an Our March invest to a businesses. drawn loan our
million in A in convertible Series stock. issued Series preferred Company exchange stock million unsecured also stock $XXX from Series sale Series million common stock of issued preferred in $XXX issued for holder. preferred $XXX and million C million the same redeemed million $XX to raised $XXX B also We debt and preferred stock, in notes A The in of the $XX
in ABL time. of the These funding with growth. $XXX million sheet credit cash mentioned which incremental investing XXXX, balance to Jim provided these and fees, occurred incremental the to the due initiatives of in the also the and million during incremental which an provided provide the letter at provides is our Company extended the $XX expenses, for platform of future year liquidity after We investments. Company Company draw. with improvement, several same together amended transactions facility The delayed
ended Company from $XXX XX, on presented on Company cash the Moving slide of cash performance increase an X. XXXX XXXX. and The $XXX with million equivalents, million in December cash to
refinancing and from net approximately of of million consulting the cash As This as despite option above, stock the and bottom improvement in is $XX impact exercises, payments facility, improvement pay and costs, presented and the adjusting significant reductions transactions, furloughs mentioned letter manage. on project the to as for in portion proceeds occurred which increase slide, was million. funding proceeds year-over-year the foreign the well cash credit continue we and the equivalents $XX in exchange of excluding of from
than an our approximately team. As costs the aluminum to implemented more example, throughout basis these million by numerous mitigate been $XX increased but by were have offset measures annual that XXXX, costs by on an
aluminum the prices. Exchange as a continues fact, to above well London In trade historical price we into at Metal move XXXX, level
to compared has X,XXX March price January high of approximately approximately within the As XXXX, price the as X,XXX, LME euro of been but XXXX, as that X, period. as X,XXX of was X, approximately
electricity and these of also In and input labor, shipping, these have materials, war supply will addition, customers. as execute The surcharges, challenges we the other mitigate continuity continue significantly. price chemicals and our plan other costs well maintain factory gas impacts, risen of natural and our and we in and through efficiencies Ukraine to as to like strive actions further for exacerbates price raw availability. impacts as To on continuity supply distribution
decrease cash cash $XX Cash by usage used by financing used an of of by million million during increase $XX which escrows activities at the referred credit cash million, letter the million, changes $X need to year, XXXX reduced million QX required cash operating change from ongoing announced the after XXXX. financing sheet created in million of cash addition provided including increase the $XX from transactions million the $XX and to million, facility on reflects $XX during other our efficient increased March a year. driven in December end primarily a payable $XX $XX as by by and $XX I various in was financial cash million balance driven in Cash and that of by point, under of cash team of $XX XXXX, by earlier. for Xst, investing accounts prior inventory to in compared significant Accounts to the Subsequent secure refinancing by $XX The from sheet. and XXXX net million was million. million $XX Restricted and of activities earnings liabilities used compared of obligations. $XX fees of increased has prior of in working which receivable new million, Restricted year primarily activities During transactions in million the to included capital restrictions more year. million by XX, a represents used effort cash increased Cash on in million. cash $XXX was restricted XXXX. cash million expenses $XX balance to activities to the $X incremental was $XXX collateral provided
to We will restrictions on continue create Company. removing to liquidity for cash focus on the
Form discussion in I with back Finally, our applicable as the financial compliance XX-K, in we disclosed covenants. turn will now Jim. all to remain
