OfficeMax 2007 Annual Report Download - page 92

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An analysis of the Company’s operations by segment is as follows:
Selected Components
of Income (Loss)
Income (Loss) Invest-
Before Taxes Earnings Depreciation Capital ments
Sales and Minority from and Expendi- In
Trade Total Interest Affiliates Amortization tures Assets Affiliates
(millions)
Year Ended December 29, 2007
OfficeMax, Contract .............$4,816.1 $ 4,816.1 $ 207.9 $ — $ 66.6 $ 43.8 $ 1,778.2 —
OfficeMax, Retail ............... 4,265.9 4,265.9 173.7 — 64.9 98.3 2,238.5 —
9,082.0 9,082.0 381.6 — 131.5 142.1 4,016.7
Corporate and Other ............ — — (37.4) 6.1 0.1 — 2,267.1 175.0
$ 9,082.0 $ 9,082.0 $ 344.2 6.1 131.6 142.1 6,283.8 175.0
Interest expense ............... — — (121.3) — — — — —
Interest Income and other ......... — — 114.6 — — — — —
$ 9,082.0 $9,082.0 $ 337.5 $6.1 $131.6 $142.1 $6,283.8 $175.0
Year Ended December 30, 2006
OfficeMax, Contract .............$4,714.5 $ 4,714.5 $ 197.7 $ — $ 60.6 $ 82.7 $ 1,649.8 $ —
OfficeMax, Retail ............... 4,251.2 4,251.2 86.3 — 67.1 93.6 2,406.6 —
8,965.7 8,965.7 284.0 — 127.7 176.3 4,056.4 —
Corporate and Other ............ — — (118.0) 5.9 0.1 — 2,159.6 175.0
$ 8,965.7 $ 8,965.7 $ 166.0 5.9 127.8 176.3 6,216.0 175.0
Interest expense ............... — — (123.1) — — — — —
Interest income and other ......... — — 129.1 — — — — —
$ 8,965.7 $8,965.7 $ 172.0 $5.9 $127.8 $176.3 $6,216.0 $175.0
Year Ended December 31, 2005
OfficeMax, Contract .............$4,628.6 $ 4,628.6 $ 100.3 $ — $ 66.3 $ 121.0 $ 1,588.4 $ —
OfficeMax, Retail ............... 4,529.1 4,529.1 27.9 — 84.7 65.9 2,484.9 —
9,157.7 9,157.7 128.2 — 151.0 186.9 4,073.3 —
Corporate and Other ............ — — (118.5) 5.5 0.2 0.4 2,198.5 175.0
$ 9,157.7 $ 9,157.7 $ 9.7 5.5 151.2 187.3 6,271.8 175.0
Assets held for sale ............. — — — — — — 0.3
Interest expense ............... — — (128.5) — — — — —
Interest income and other ......... — — 95.6 — — — — —
Debt retirement expense .......... — — (14.4) — — — — —
$ 9,157.7 $9,157.7 $ (37.6) $5.5 $151.2 $187.3 $6,272.1 $175.0
17. Commitments and Guarantees
Commitments
The Company has commitments for minimum lease payments due under noncancelable leases
and for the repayment of outstanding long-term debt. In addition, the Company has purchase
obligations for goods and services and capital expenditures that were entered into in the normal
course of business.
Pursuant to an Additional Consideration Agreement between OfficeMax and Boise
Cascade, L.L.C. related to the Sale, the Company may have been required to make substantial
cash payments to, or receive substantial cash payments from, Boise Cascade, L.L.C. The Additional
Consideration Agreement terminated in the first quarter of 2008. Under the Additional Consideration
Agreement, the Sale proceeds were adjusted upward or downward based on paper prices following
the Sale, subject to annual and aggregate caps. Specifically, we agreed to pay Boise
Cascade, L.L.C. $710,000 for each dollar by which the average market price per ton of a specified
grade of cut-size office paper during any 12-month period ending on September 30 was less than
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