OfficeMax 2006 Annual Report Download - page 51
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See accompanying notes to consolidated financial statements.
47
OfficeMax Incorporated and Subsidiaries
Consolidated BalanceSheets
December 30,
2006
December 31,
2005
(thousands except share and
per-share amounts)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings........................................ $—$ 18,666
Current portion oflong-term debt.............................. 25,634 68,648
Accounts payable:
Trade. .................................................... 965,218 949,287
Related parties............................................ 32,482 42,166
Accrued expenses and other current liabilities:
Compensation and benefits................................. 172,632 147,184
Other. .................................................... 317,434 352,537
Liabilities relatedto assets held for sale ......................... 15,503 9,838
Total current liabilities................................... 1,528,9031,588,326
Long-term debt:
Long-term debt, less currentportion ............................ 384,246 407,242
Timber notessecuritized ...................................... 1,470,0001,470,000
Total long-term debt..................................... 1,854,2461,877,242
Other long-term obligations:
Compensation and benefits ................................... 287,122 538,830
Deferred gain on sale of assets ................................ 179,757 179,757
Other long-term obligations ................................... 350,491 324,853
Total other long-term obligations ......................... 817,370 1,043,440
Minority interest ............................................ 29,885 27,455
Commitments and contingent liabilities
Shareholders’ equity:
Preferred stock—no par value; 10,000,000 shares authorized;
Series D ESOP: $.01 stated value; 1,216,335 and 1,216,335 shares
outstanding ............................................... 54,735 54,735
Common stock—$2.50 par value; 200,000,000 shares authorized;
74,903,220 and 70,804,612 shares outstanding ................ 187,226 176,977
Additional paid-in capital ...................................... 893,848 747,805
Retained earnings............................................ 941,830 898,283
Accumulatedother comprehensive loss. ........................ (91,995) (142,121)
Total shareholders’ equity............................... 1,985,6441,735,679
Total liabilities and shareholders’ equity ...................... $ 6,216,048 $6,272,142