Filing Flows

Filing Flows › Companies › Eastman Kodak › Cash flow

Eastman Kodak cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$18.0M in Q3 2026 · $465M over twelve months

Operating cash flow$25.0M
Capital spending−$7.0M
Free cash flow+$18.0M
Cash / net income1.2×
Cash conversion cycle119 days

Analysis

In Q3 2026, Eastman Kodak generated $25.0M of operating cash flow and spent $7.0M on capital projects, leaving free cash flow of $18.0M. That is $1.0M more than in Q3 2025 ($17.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $489M; the largest uses were other financing ($406M), capital spending ($24.0M), buybacks ($7.0M); besides operations, cash came from other investing ($95.0M), asset & business sales ($2.0M); the cash balance rose by $142M.

Operating cash flow was $25.0M against net income of $21.0M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: payables −$17.0M, receivables +$15.0M, stock-based pay +$8.0M.

Its cash conversion cycle was 119 days (receivables 47 + inventory 116 − payables 45).

Free cash flow

Eastman Kodak: free cash flow by quarterEastman Kodak: free cash flow by quarter−$13.0MQ4 2024−$50.0MQ1 2025−$4.0MQ2 2025$17.0MQ3 2025$483MQ4 2025−$36.0MQ1 2026$0Q2 2026$18.0MQ3 2026
Operating cash flow less capital spending.
Eastman Kodak: operating cash flow against capital spendingEastman Kodak: operating cash flow against capital spendingOperating cash flowCapital spending$4.0M$17.0MQ4 2024−$38.0M$12.0MQ1 2025$8.0M$12.0MQ2 2025$21.0M$4.0MQ3 2025$489M$6.0MQ4 2025−$30.0M$6.0MQ1 2026$5.0M$5.0MQ2 2026$25.0M$7.0MQ3 2026
Latest (Q3 2026): Operating cash flow $25.0M, Capital spending $7.0M.

Capital allocation, year by year

Eastman Kodak: where the cash came from (up) and went (down), by fiscal yearEastman Kodak: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow −$47.0MFY2021: Net borrowing $214MFY2021: Shares issued $109MFY2021: Asset sales $1.0MFY2021: Capital spending −$21.0MFY2021: Buybacks −$1.0MFY2021: Dividends −$7.0M$324MFY2021FY2022: Operating cash flow −$116MFY2022: Net borrowing $48.0MFY2022: Capital spending −$31.0MFY2022: Buybacks −$1.0MFY2022: Dividends −$4.0M$48.0MFY2022FY2023: Operating cash flow $38.0MFY2023: Net borrowing −$1.0MFY2023: Capital spending −$32.0MFY2023: Dividends −$4.0M$38.0MFY2023FY2024: Operating cash flow −$7.0MFY2024: Net borrowing −$1.0MFY2024: Asset sales $17.0MFY2024: Capital spending −$56.0MFY2024: Buybacks −$1.0MFY2024: Dividends −$4.0M$17.0MFY2024FY2025: Operating cash flow $480MFY2025: Asset sales $5.0MFY2025: Capital spending −$34.0MFY2025: Buybacks −$7.0MFY2025: Dividends −$2.0M$485MFY2025
Over these 5 years operating cash flow totalled $348M; the largest uses were capital spending ($174M) and operating cash flow ($170M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$343M
Debt$209M
Net cash$134M
Due within a year$2.0M

Eastman Kodak funds itself: free cash flow was $465M over the last twelve months, and $343M of cash and investments stands against $209M of debt ($2.0M due within a year, 171.5× covered by cash).

Where the cash came from and went

Eastman Kodak: sources (+) and uses (−) of cash, Q3 2026Eastman Kodak: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$25.0MCash drawn (+) / kept (−)−$25.0MCapital spending−$7.0MOther investing$6.0MAsset & business sales$2.0MDividends−$2.0MExchange rates$1.0M
Eastman Kodak: sources (+) and uses (−) of cash, TTM to Q3 2026Eastman Kodak: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$489MOther financing−$406MCash drawn (+) / kept (−)−$142MOther investing$95.0MCapital spending−$24.0MBuybacks−$7.0MDividends−$6.0MAsset & business sales$2.0MExchange rates−$1.0M

From profit to cash

Eastman Kodak: net income to operating cash flow, Q3 2026Eastman Kodak: net income to operating cash flow, Q3 2026Net income$21.0MDepreciation & amortization$7.0MStock-based pay$8.0MDeferred taxes$1.0MGains on disposals−$1.0MReceivables$15.0MInventory−$7.0MPayables−$17.0MEmployee-related liabilities−$4.0MOther operating capital$8.0MOperating cash flow$25.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20264711645119
Q2 2026421014499
Q1 20264810246104
Q4 202546944298
Q3 20255010849110
Q2 20255210252102
Q1 2025521025698
Q4 202449985394

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$25.0M−$7.0M—−$2.0M−$25.0M$18.0M
Q2 2026$5.0M−$5.0M−$2.0M−$1.0M$11.0M$0
Q1 2026−$30.0M−$6.0M—−$3.0M$43.0M−$36.0M
Q4 2025$489M−$6.0M−$5.0M—−$171M$483M
Q3 2025$21.0M−$4.0M——−$18.0M$17.0M
Q2 2025$8.0M−$12.0M−$1.0M−$1.0M$3.0M−$4.0M
Q1 2025−$38.0M−$12.0M−$1.0M−$1.0M$45.0M−$50.0M
Q4 2024$4.0M−$17.0M—−$1.0M$21.0M−$13.0M

Eastman Kodak: income statement and cash flow

Eastman Kodak, Q3 2026: revenue $276M (+3% year over year), operating margin 5.4%. The chart follows the revenue to costs, profit and cash.

Eastman Kodak: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.