ended the Securities and for XXXX company Commission. with Today good June XX, Jim afternoon. Form Thanks and quarter the XX-Q Exchange filed its the
I read As its in always, this recommend you filing entirety.
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ability In a represents loans The is last of at were in and to transaction cash As address earlier which term further we flow company's strengthen EBITDA date in Kodak and commitment half capital transaction Discovery share the debt Management first proceeds million Investment company February XXXX. portion provide a on before paid X.X% The to XXXX.The and XX, strategic XX, XX, full delayed maturing an in principal for in loan be term costs. loans million this million new by I of term invested Lewis The July, invest with less Net in-kind of reported as draw Technologies maturity loans delayed the a results, delayed previously February additional A $X Slide details annum aggregate growth series Wildcat June per minority the XXXX. portion $XX will which down $XX interest these loans completed in drawn term may cash proceeds of payable draw Kennedy of of received year, second and to draw businesses. were a opportunities On million of on/or drawn from X% XXXX. our obligations acquire full included a stake of term transactions X. in access the bear financial rate received interest. provide Jim. to now the operational financing that quarterly on core quarter mentioned $XX
For for impact to related income liabilities the prior million and quarter million respectively current of and second unfavorable noncash $XX $XXX prior in value of related compensation of increase the the results $XX an for million, income to we to prior net XXXX, million fair compared $XXX workers' million a XX% $XX $X second quarter. quarter to adjusting $X of in the year or $X changes of million the revenues million, improvement million and quarter $XX compared foreign reported XX%, in The million of XXXX US, in reported year year of million respectively exchange an and the of of compared we income On of by quarter, $X the include income basis, revenue year derivative increased GAAP million changes quarter. reserves. quarter XXXX in of second the for net embedded to $XX
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in half million half of compared $X non-cash year. reported of of the We an workers' workers' the $XX liabilities to of net of compared of of in unfavorable of in improvement value prior compensation first changes of to fair in of million $X current to $X The year. impact The for XXXX net million the million $XX million For year, to related period reported $XX $XXX changes income reserves. half increased $XXX in income for year income revenues first and the prior the include million for to reserves. related $XX exchange results related income prior derivative million and by $XX the million, XXXX, the compared of embedded revenue we Adjusting to to million XXXX in the million first compensation settlements million the legal first $X non-cash include changes of income half related results income foreign
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$XX income million the quarter, EBITDA in items, quarter for sequentially. a $XX positive $X prior a and current was compared these $X quarter million Excluding in the of compared preceding negative million was quarter to reflecting improvement second loss Operational million of the for quarter. to an $XX million the quarter prior a
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from company cash presented second company and XXXX. equivalents, cash The XX. XX, performance quarter $XX cash decrease slide Moving million on December in ended on to $XXX the of a million the with
million. from activities million, cash liabilities $XX of use net in supply increased and a a was For and from used in strengthen working We the cash to on months $XX sheet primarily million, order and changes million decrease ending ability cash including ongoing basis. customers in of XXXX, balance $XX other $XX change by our accounts six used earnings operating an of $XX inventory XX, payable increased by to working used $XX capital of in a million. million, driven $XXX capital increased million, Accounts $XX June million and our cash receivable by
the expenses to the by increase year driven increased prior million in of $X the million period. first have Cash certified new of to addition year incremental of on secure lead-times, fees collateral facility half XXst, on increased $XX provided cash was I suppliers Cash provided the by to after Xst, included first includes prior draw and $XX We provided financing million additional of by period. future activities from March incremental compared XXXX compared by financing the demand, delayed Restricted half, received stock activities loans cash by the term obligations. half in fees activities announced half $XXX first certain of and of cash of investing XXXX. million in $X financial the materials. the sources substitute in activities activities was Restricted represents credit used an after prior to Cash expenses in materials, in in related with driven $XX by discussed the earlier. million of transactions financing year proceeds financing $XXX an current or cash provided end ongoing required the cash when provided forecasts was Cash million in at million under December primarily longer quarter $X of XXXX. safety the various year first the and letter increase to million, in cash escrows the
for this We cash will opportunity alternatives to to continue on reduce focus view upside restrictions we incremental and as for liquidity on company. an the
facility, effect cash funding of in addition slide, excluding the and from the letter of proceeds use year As transactions, strengthen from presented primarily of rates cash of order the current and on exchange company's bottom $XX million, our of prior customers. ability to prior to cash driven year-over-year decrease the in portion serve the credit net by of to and equivalents impact the refinancing year cash the capital working the was on in
all Finally, will back we discussion covenants. remain compliance I applicable now the turn to with Jim. financial in
