Spacer KodakSpacerShare Moments. Share Life. Monday, November 23 Spacer
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Consolidated Statement of Earnings

Eastman Kodak Company and Subsidiary Companies
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  For the Year Ended December 31
(in millions, except per share data) 2001   2000   1999
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Net sales $ 13,234   $ 13,994   $ 14,089
Cost of goods sold   8,670     8,375     8,086
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    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
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    Earnings from operations   345     2,214     1,990
Interest expense   219     178     142
Other income (charges)   (18)     96     261
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Earnings before income taxes   108     2,132     2,109
Provision for income taxes   32     725     717
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    Net Earnings $ 76   $ 1,407   $ 1,392
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Basic earnings per share $ .26   $ 4.62   $ 4.38
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Diluted earnings per share $ .26   $ 4.59   $ 4.33
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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
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Number of common shares used in diluted earnings
per share
  291.0     306.6     321.5
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Cash dividends per share $ 2.21   $ 1.76   $ 1.76
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The accompanying notes are an integral part of these consolidated financial statements.
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