OfficeMax 2006 Annual Report Download - page 52

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See accompanying notes to consolidated financial statements.
48
OfficeMax Incorporated and Subsidiaries
Consolidated Statements of Cash Flows
FiscalYear Ended
December 30,
2006
December 31,
2005
December 31,
2004
(thousands)
Cash provided by (used for) operations:
Net income(loss)........................................ $91,721 $(73,762 ) $ 173,058
Items in net income (loss) not using (providing) cash
Earnings fromaffiliates.................................. (5,873)(5,460) (6,311)
Depreciation and amortization............................ 127,812151,145 354,982
Minority interest, net of incometax......................... 4,083 2,370 3,026
Pension and other p ostretirement benefits expense ........... 13,239 25,877 83,261
Discontinued operations ................................. 5,973 8,862 36,457
Gain on sales of assets. ................................. (1,004)(410) (387,218)
Non-cash asset write-downs.............................. 9,543 23,062 1,582
Other ................................................ 24,602 38,384 22,027
Changes other thanfrom acquisition of business
Receivables ........................................... 29,126 47,517(
490,168)
Inventories............................................ 43,001 32,809(
39,630)
Accountspayable and accrued liabilities. ................... 8,662 (142,582) (15,867)
Currentand deferred income taxes........................ 58,683 (136,629) 69,431
Pensionand other postretirement benefits payments.......... ——(288,772)
Other ................................................ (33,871) (28,881) 32,993
Cash providedby (usedfor) operations. .................... 375,697(57,698) (451,149)
Cash provided by (used for) investment:
Expenditures for property andequipment ..................... (174,769) (152,450) (290,600)
Expenditures for timber andtimberlands. ..................... ——(7,642)
Investments inaffiliates.................................... ——
(174,901)
Acquisitionof businesses and facilities, net of cash acquired ..... (1,500)(34,803) —
Proceeds fromsaleof (purchase of) restricted investments ....... —93,259 (113,000)
Proceeds from sales of assets .............................. 12,333 —2
,225,561
Discontinued operations ................................... ——(
9,388)
Other.................................................. —(3,343) 15,078
Cash providedby (usedfor) investment .................... (163,936) (97,337) 1,645,108
Cash provided by (used for) financing:
Cash dividends paid
Common stock ........................................ (43,509) (49,817) (51,874)
Preferred stock ........................................ (4,037)(4,379) (12,211)
(47,546) (54,196 ) (64,085)
Short-term borrowings (repayments), net ..................... (18,666) 8,266 5,121
Proceeds from timber notessecuritized. ...................... ——1,470,000
Additionsto long-term debt................................ ——246
Payments of long-term debt ................................ (65,610) (206,933) (1,570,504)
Purchase of Series D preferred stock. ........................ —(7,229) (123,233)
Purchase of common shares ............................... (33) (780,417) —
Proceeds from exercise of stock options...................... 129,96624,747 37,823
Proceeds fromadjustableconversion-rate equity securityunits.... ——172,500
Other.................................................. —453 (4,164)
Cash used forfinancing ................................. (1,889)(1,015,309) (76,296)
Increase(decrease) in cash and cash equivalents............ 209,872(1,170,344) 1,117,663
Balanceat beginning of the year........................... 72,198 1,242,542124,879
Balanceatend of the year ................................ $ 282,070$ 72,198$ 1,242,542