Office Depot 2010 Annual Report Download - page 33

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OFFICE DEPOT, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
December 25,
2010
December 26,
2009
(Restated)
ASSETS
Current assets:
Cash and cash equivalents ............................................ $ 627,478 $ 659,898
Receivables, net of allowances of $28,047 in 2010 and $32,802 in 2009 ....... 963,787 1,121,160
Inventories ........................................................ 1,233,657 1,252,929
Prepaid expenses and other current assets ............................... 203,020 172,342
Total current assets ............................................. 3,027,942 3,206,329
Property and equipment, net ............................................ 1,157,013 1,277,655
Goodwill ........................................................... 19,431 19,431
Other intangible assets ................................................ 21,840 25,333
Deferred income taxes ................................................. 33,319 81,706
Other assets ......................................................... 309,892 279,892
Total assets ............................................... $ 4,569,437 $ 4,890,346
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable .............................................. $ 1,080,276 $ 1,081,381
Accrued expenses and other current liabilities ............................ 1,188,233 1,280,296
Income taxes payable ............................................... 2,568 6,683
Short-term borrowings and current maturities of long-term debt .............. 72,368 59,845
Total current liabilities .......................................... 2,343,445 2,428,205
Deferred income taxes and other long-term liabilities ........................ 514,218 654,851
Long-term debt, net of current maturities .................................. 659,820 662,740
Total liabilities ............................................ 3,517,483 3,745,796
Commitments and contingencies
Redeemable preferred stock, net (liquidation preference – $368,516 in 2010 and
$368,116 in 2009) .................................................. 355,979 355,308
Stockholders’ equity:
Office Depot, Inc. stockholders’ equity:
Common stock – authorized 800,000,000 shares of $.01 par value; issued and
outstanding shares – 283,059,236 in 2010 and 280,652,278 in 2009 ....... 2,831 2,807
Additional paid-in capital .......................................... 1,161,409 1,193,157
Accumulated other comprehensive income ............................ 223,807 238,379
Accumulated deficit .............................................. (634,818) (590,195)
Treasury stock, at cost – 5,915,268 shares in 2010 and 2009 ............... (57,733) (57,733)
Total Office Depot, Inc. stockholders’ equity ....................... 695,496 786,415
Noncontrolling interest .............................................. 479 2,827
Total stockholders’ equity .................................... 695,975 789,242
Total liabilities and stockholders’ equity ...................... $ 4,569,437 $ 4,890,346
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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