OfficeMax 2008 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)
Before Taxes Earnings Depreciation Capital
and Minority from and Expendi- Investments
Sales Interest Affiliates Amortization tures Assets In Affiliates
(millions)
Year Ended December 27, 2008
OfficeMax, Contract ............... $4,310.0 $ (657.5) $ — $ 65.6 $ 34.2 $ 895.4 —
OfficeMax, Retail ................. 3,957.0 (505.1) — 77.2 109.8 1,504.8 —
8,267.0 (1,162.6) — 142.8 144.0 2,400.2 —
Corporate and Other .............. — (773.6) 6.2 0.1 — 1,773.4 175.0
$ 8,267.0 $ (1,936.2) 6.2 142.9 144.0 4,173.6 175.0
Interest expense ................. — (113.6) — — — — —
Interest Income and other ........... — 77.4 — — — — —
$8,267.0 $(1,972.4) $6.2 $142.9 $144.0 $4,173.6 $175.0
Year Ended December 29, 2007
OfficeMax, Contract ............... $4,816.1 $ 207.9 $ — $ 66.6 $ 42.5 $ 1,778.2 —
OfficeMax, Retail ................. 4,265.9 173.7 — 64.9 98.3 2,238.5 —
9,082.0 381.6 — 131.5 140.8 4,016.7 —
Corporate and Other .............. — (37.4) 6.1 0.1 — 2,267.1 175.0
$ 9,082.0 $ 344.2 6.1 $ 131.6 140.8 6,283.8 175.0
Interest expense ................. — (121.3) — — — — —
Interest income and other ........... — 114.6 — — — — —
$9,082.0 $ 337.5 $6.1 $131.6 $140.8 $6,283.8 $175.0
Year Ended December 30, 2006
OfficeMax, Contract ............... $4,714.5 $ 197.7 $ — $ 60.6 $ 81.2 $ 1,649.8 $ —
OfficeMax, Retail ................. 4,251.2 86.3 — 67.1 93.6 2,406.6 —
8,965.7 284.0 — 127.7 174.8 4,056.4 —
Corporate and Other .............. — (118.0) 5.9 0.1 — 2,159.6 175.0
$ 8,965.7 $ 166.0 5.9 127.8 174.8 6,216.0 175.0
Interest expense ................. — (123.1) — — — — —
Interest income and other ........... — 129.0 — — — — —
$8,965.7 $ 171.9 $5.9 $127.8 $174.8 $6,216.0 $175.0
16. 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.
The securitized timber notes payable have recourse limited to the applicable pledged timber
installment notes receivable and underlying guaranties. For more information, see Note 3. ‘‘Timber
Notes.’’
We have liabilities associated with retirement and benefit plans. See Note 13. ‘‘Retirement and
Benefit Plans’’ for a description of the plans and the financial implications.
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 cash payments to, or
entitled to receive cash payments from, Boise Cascade, L.L.C. The Additional Consideration
Agreement terminated in the first quarter of 2008.
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