OfficeMax 2008 Annual Report Download - page 48

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OfficeMax Incorporated and Subsidiaries
Consolidated Balance Sheets
December 27, December 29,
2008 2007
(thousands, except share and
per-share amounts)
ASSETS
Current assets:
Cash and cash equivalents ............................ $ 170,779 $ 152,637
Receivables, net .................................... 561,509 714,951
Related party receivables ............................. 5,337 5,927
Inventories ........................................ 949,401 1,088,312
Deferred income taxes and receivables ................... 105,140 185,070
Other current assets ................................. 62,850 57,804
Total current assets ............................. 1,855,016 2,204,701
Property and equipment:
Land and land improvements ......................... 38,720 44,737
Buildings and improvements ......................... 473,188 441,989
Machinery and equipment ........................... 777,371 792,883
Total property and equipment ...................... 1,289,279 1,279,609
Accumulated depreciation ............................. (798,551) (698,954)
Net property and equipment ....................... 490,728 580,655
Goodwill ......................................... — 1,216,804
Intangible assets, net ................................ 81,793 199,720
Investments in affiliates ............................... 175,000 175,000
Timber notes receivable .............................. 899,250 1,635,000
Restricted investments ............................... 2,125 22,377
Deferred income taxes ............................... 436,182 —
Other non-current assets .............................. 233,489 249,511
Total assets ................................... $4,173,583 $6,283,768
See accompanying notes to consolidated financial statements
44