Special Report: Kodak Bankruptcy

Kodak Releases Financial Data For First Quarter

Kodak
Kodak
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Updated: 4/27/2012 4:24 pm
Rochester, N.Y. -- Kodak released its first quarter earnings Friday morning.

13WHAM has obtained the operating report the company filed with the U.S. Bankruptcy Court.

Among the details it shows, Kodak has lost $128 million in March alone and reported a loss for the first quarter of $366 million.

"Kodak is focusing on its opportunities, reducing costs, and fine-tuning the balance between liquidity and growth to enable the enterprise to emerge from its Chapter 11 restructuring in 2013 as a leaner, stronger, and sustainable business," Kodak CEO Antonio Perez said.

Kodak said it ended the first quarter with $1.4 billion cash on hand, which includes $600 million from a loan to restructure the company.

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