OfficeMax 2007 Annual Report Download - page 50
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OfficeMax Incorporated and Subsidiaries
Consolidated Balance Sheets
December 29, December 30,
2007 2006
(thousands, except share and
per-share amounts)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings ................................ $ 14,197 $ —
Current portion of long-term debt ........................ 34,827 25,634
Accounts payable:
Trade .......................................... 831,101 965,218
Related parties ................................... 30,184 32,482
Accrued expenses and other current liabilities:
Compensation and benefits .......................... 125,983 172,632
Other .......................................... 318,997 317,434
Liabilities related to assets held for sale ................... 15,420 15,503
Total current liabilities ............................ 1,370,709 1,528,903
Long-term debt:
Long-term debt, less current portion ...................... 349,421 384,246
Timber notes securitized .............................. 1,470,000 1,470,000
Total long-term debt ............................. 1,819,421 1,854,246
Other long-term obligations:
Compensation and benefits ............................ 200,283 287,122
Deferred gain on sale of assets ......................... 179,757 179,757
Other long-term obligations ............................ 402,984 350,491
Total other long-term obligations .................... 783,024 817,370
Minority interest (Note 17) ............................ 32,042 29,885
Commitments and contingent liabilities
Shareholders’ equity:
Preferred stock—no par value; 10,000,000 shares authorized;
Series D ESOP: $.01 stated value; 1,110,867 and 1,216,335
shares outstanding ................................ 49,989 54,735
Common stock—$2.50 par value; 200,000,000 shares authorized;
75,397,094 and 74,903,220 shares outstanding ............ 188,481 187,226
Additional paid-in capital .............................. 922,414 893,848
Retained earnings ................................... 1,095,950 941,830
Accumulated other comprehensive income (loss) ............ 21,738 (91,995)
Total shareholders’ equity ......................... 2,278,572 1,985,644
Total liabilities and shareholders’ equity ................. $6,283,768 $6,216,048
See accompanying notes to consolidated financial statements
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