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ACC 210 - Eastman Kodak Comparative Income Statement Sales...

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Eastman Kodak Comparative Income  Statement 2004 2003 Difference Change Sales 13517 12909 608 4.71% Less COGS 9548 8734 814 9.32% G.P 3969 4175 -206 -4.93% Selling and Admin 2507 2618 -111 -4.24% Research & Development 854 776 78 10.05% Restructuring and other cost 695 479 216 45.09% Operating Income -87 302 -389 -128.8% add other income 161 -51 212 - 415.69% EBIT 74 251 -177 -70.52% less interest 168 147 21 14.29% EBT -94 104 -198 - 190.38% less taxes -175 -85 -90 105.88% Earnings from continued  Operation 81 189 -108 -57.14% adjustment for discontinue  operation 475 64 411 642.19% Net Earnings 556 253 303 119.76%                     EPS from continued  operations 0.28 0.66 -0.38 -57.58% EPS continued and  discontinued 1.66 0.22 1.44 654.55% Total 1.94 0.88 1.06 120.45%           dividend 0.5 1.15 -0.65 -56.52% (A): There has been a significant change in earnings of the company in 2004 as  analysis shows that there has been an increase of 120% in 2004 as compared  to 2003. Discontinued operation has resulted in the major contribution as they have rose by 642% as compared to 2003. There has been a reduction of 57%  from continued operations. In 2004 there has been an increase of 5% in total 
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sales but COGS has also increased by 9% which has resulted in a decrease of  5% gross profit. In 2004 Operating income also went down with a big margin of around 129%, despite the saving in operating expenses of 5% as compared to previous year,  but due to an increase of 10% in research and 45% in development and  restructuring cost of the company.
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