Despite rumors of its imminent demise, Kodak says it’s not going out of business. After posting its latest SEC filing, the company insisted it’s still alive, saying recent reports of its impending doom are "inaccurate and reflect a fundamental misunderstanding of a recent technical disclosure.” Kodak has debt — reportedly around $500 million — that’s coming due within 12 months and doesn’t have committed financing or available liquidity to meet the obligations. That gloomy outlook led some outlets to interpret it as the end of the road for the 130-year-old company, which pioneered mainstream camera and film production. Kodak quickly issued a statement to set the record straight, saying it “has no plans to cease operations, go out of business, or file for bankruptcy protection.” Instead, Kodak says its financial plans for the upcoming year will enable it to pay off its debts on time, including obligations to its pension funds. More recently, Kodak diversified its business to manufacture chemicals and pharmaceutical ingredients. "We believe our business is stable and self-sustaining," Kodak said of its ongoing operations.
