OfficeMax 2005 Annual Report Download - page 18

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ITEM 6. SELECTED FINANCIAL DATA
The following table sets forth our selected financial data for the years indicated and should be
read in conjunction with the disclosures in ‘‘Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations’’ and ‘‘Item 8. Financial Statements and
Supplementary Data’’ of this Form 10-K.
2005(a) 2004(b) 2003(c) 2002(d) 2001(e)
(millions, except per-share amounts)
Assets
Current assets .......................... $ 1,942 $ 3,241 $2,597 $1,387 $1,295
Property and equipment, net ................ 535 541 2,730 2,451 2,558
Timber, timberlands and timber deposits ........ — — 331 329 322
Goodwill ............................... 1,218 1,165 1,107 401 385
Timber notes receivable .................... 1,635 1,635 — — —
Other ................................. 942 1,055 611 379 374
$ 6,272 $ 7,637 $7,376 $4,947 $4,934
Liabilities and shareholders’ equity
Current liabilities ......................... $ 1,588 $ 1,857 $1,986 $1,056 $1,266
Long-term debt, less current portion ........... 407 585 2,000 1,387 1,063
Timber notes securitized ................... 1,470 1,470 — — —
Adjustable conversion-rate equity security units . . . — — 172 172 172
Guarantee of ESOP debt ................... — — 19 51 81
Other ................................. 1,044 1,091 855 881 774
Minority interest ......................... 27 23 20 — —
Shareholders’ equity ...................... 1,736 2,611 2,324 1,400 1,578
$ 6,272 $ 7,637 $7,376 $4,947 $4,934
Net sales .............................. $ 9,158 $13,270 $8,245 $7,412 $7,422
Income (loss) from:
Continuing operations ..................... $ (41)$ 234 $ 35 $ 19 $ (39)
Discontinued operations ................... (33) (61) (18) (8) (4)
Cumulative effect of accounting changes, net of
income tax ........................... — — (9) — —
Net income (loss) ........................ $ (74) $ 173 $ 8 $ 11 $ (43)
Basic income (loss) per common share:
Continuing operations ..................... $ (0.58) $ 2.55 $ 0.37 $ 0.11 $ (0.89)
Discontinued operations ................... (0.41) (0.70) (0.30) (0.14) (0.07)
Cumulative effect of accounting changes, net of
income tax ........................... — — (0.15) — —
Basic income (loss) per common share(f) ..... $ (0.99) $ 1.85 $ (0.08) $ (0.03) $ (0.96)
Diluted income (loss) per common share:
Continuing operations ..................... $ (0.58) $ 2.44 $ 0.37 $ 0.11 $ (0.89)
Discontinued operations ................... (0.41) (0.67) (0.30) (0.14) (0.07)
Cumulative effect of accounting changes, net of
income tax ........................... — — (0.15) — —
Diluted income (loss) per common share(f) .... $ (0.99) $ 1.77 $ (0.08) $ (0.03) $ (0.96)
Cash dividends declared per common share ..... $ 0.60 $ 0.60 $ 0.60 $ 0.60 $ 0.60
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