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CONDENSED CONSOLIDATED STATEMENT OF INCOME AND PROFIT AND LOSS AND EARNED SURPLUS ACCOUNT For the Year Ended December 31, 1938
Net sales and royalties $ 8,799,875.68
Cost of sales and operating expenses, including ilrpieciation of $27 S, 200.74 8,266,301.46
Net Pofit from Sales and Royalties 533,574.22
Other Income: Interest. $201,288.62; Rents. $65,591.78; Miscellaneous — discounts, bad debts
ecovered. etc., $34,073.54 300,953.94
$ 834,528.16
Deductions frcim Income: Provision for bad debts, $29,337.23; Interest, $39,544.53; Idle plant
and re.ited property expenses, $33,949.46 102,831.22
Net Income for the Year Ended December 31. 1938, Before Federal Income Taxes... $ 731,696.94 Less, provision for Federal income taxes, estimated 115,000.00
Amount Transferred to Earned Surplus Account $ 616,696.94
Consolidated earned surplus, January 1, 1938 4,478,180.95
$5,094,877.89
Deduct: Assets at book value after deducting liabilities, of American Record Corporation and its subsidiaries, less net proceeds from sale of outstanding capital stock of American Record Corporation on December 17. 1938. in the amount of $690,100, $1,110,678.87; Dividends declared and paid on cumulative participating preferred stock, $400.000 1,510,678.87
Consolidated Earned Surplus. December 31. 1938 $ 3,584,199.02
EASTMAN KODAK CO.
Manufacturer of film, cameras and photographic supplies Incorporated Oct. 24, 1901, in New Jersey General Office. Rochester, N. Y.
A holding company. Has more than 60 wholly owned subsidiaries.
Capitalization: Common stock, no par, 2,500,000 shares authorized, 2,476,013 outstanding of which 12,229 shares are in the treasury. Preferred, $100 par, 6^ cumulative, 100,000 shares authorized. 61.657 outstanding.
Dividend: Common, present rate $6 annually; preferred. $6 annually.
PRICE RANGE OF STOCK
—Common — Earned
Year High Low Per Sh.
1939 18654 13854
1938 187 \2\yi $7.54
1937 198 144 9.76
1936 185 156 8.23
1935 17254 11054 6.90
1934 116*4 79 6.28
1933 89*4 46 4.76
1932 87*4 3554 2.52
1931 18544 77 5.78
1930 25554 142H 8.84
1929 264*4 150 9.57
1928 19454 163 9.60
1927 175}4 126*4 9.61
1926 136*4 106*4 9.50
1925 118 104*4 8.84
1924 1H% 10454 8.26
1923 115*4 89*4 9.13
1922 9054 70 8.72
PRICE RANGE OF STOCK
— Preferred — Earned
Year High Low Per Sh.
1939 18354 15 5 54
1938 173 157 $281.22
1937 164 150 362.45
1936 166 152 306.64
1935 164 141 258.09
1934 147 120 235.22
1933 130 110 180.34
1932 125 104*4 98.27
1931 135 103 217.47
1930 134 120J4 330.11
1929 128 117 356.89
1928 134 12354 326.17
1927 131% 11954 326.68
1926 11754 115*4 322.11
1925 115*4 112 299.51
1924 115 108*4 278.99
1923 114*4 10854 306.17
1922 10854 10554 291.17
CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1938 (With comparative figures as at December 25, 1937)
Assets
1938 1937
December 31, December 25,
Current Assets: Cash in banks and on hand $11,893,583.81 $10,189,568.65
Marketable bonds and stocks, at cost, less reserves to reduce to aggregate
market quotations S,695,939.48 12,397,851.92
Accounts and bills receivable (less reserve) 17.240,655.54 17,090,214.34
Inventories of raw materials, work in process, fini-hed goods and supplies, at
cost or market, whichever is lower 47,860,011.09 50,112,595.18
$85,690,189.92 $89,790,230.09
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