Monday,
November 23
Consolidated Statement of Earnings
Eastman Kodak Company and Subsidiary Companies
page 1 of 1
For the Year Ended December 31
(in millions, except per share data)
2001
2000
1999
Net sales
$
13,234
$
13,994
$
14,089
Cost of goods sold
8,670
8,375
8,086
Gross profit
4,564
5,619
6,003
Selling, general and administrative expenses
2,627
2,514
2,701
Research and development costs
779
784
817
Goodwill amortization
154
151
145
Restructuring costs (credits) and other
659
(44)
350
Earnings from operations
345
2,214
1,990
Interest expense
219
178
142
Other income (charges)
(18)
96
261
Earnings before income taxes
108
2,132
2,109
Provision for income taxes
32
725
717
Net Earnings
$
76
$
1,407
$
1,392
Basic earnings per share
$
.26
$
4.62
$
4.38
Diluted earnings per share
$
.26
$
4.59
$
4.33
Earnings used in basic and diluted earnings per share
$
76
$
1,407
$
1,392
Number of common shares used in basic earnings
per share
290.6
304.9
318.0
Incremental shares from assumed conversion of
options
0.4
1.7
3.5
Number of common shares used in diluted earnings
per share
291.0
306.6
321.5
Cash dividends per share
$
2.21
$
1.76
$
1.76
The accompanying notes are an integral part of these consolidated financial statements.
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page 1 of 1
2001 Annual Report Introduction
Infoimaging
Financial Highlights
Letter to Shareholders
Financial Information
Management's Discussion and Analysis
Detailed Results of Operations
Management's Responsibility
Report of Independent Accountants
Consolidated Statement of Earnings
Consolidated Statement of Financial Position
Consolidated Statement of Shareholders Equity
Consolidated Statement of Cash Flows
Notes to Financial
Statements
Summary of Operating Data
Corporate Information
2001 Kodak Health, Safety, and Environment
2001 Global Diversity
Corporate Directory
Corporate Information
Proxy Statement
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