OfficeMax 2009 Annual Report Download - page 20

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ITEM 6. SELECTED FINANCIAL DATA
The following table sets forth our selected financial data for the years indicated and should be
read in conjunction with the disclosures in ‘‘Item 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations’’ and ‘‘Item 8. Financial Statements and
Supplementary Data’’ of this Form 10-K.
2009(a) 2008(b) 2007(c) 2006(d) 2005(e)
(millions, except per-share amounts)
Assets
Current assets .................................. $2,021 $ 1,855 $2,205 $2,097 $1,942
Property and equipment, net ........................ 422 491 581 580 535
Goodwill ...................................... — — 1,217 1,216 1,218
Timber notes receivable ............................ 899 899 1,635 1,635 1,635
Other ........................................ 728 929 646 688 942
$4,070 $ 4,174 $6,284 $6,216 $6,272
Liabilities and shareholders’ equity
Current liabilities ................................. $1,092 $ 1,184 $1,371 $1,529 $ 1,588
Long-term debt, less current portion ................... 275 290 349 384 407
Non-recourse debt ............................... 1,470 1,470 1,470 1,470 1,470
Other ........................................ 702 918 783 817 1,044
Noncontrolling interest ............................. 28 22 32 30 27
OfficeMax shareholders’ equity—preferred stock ........... 36 43 50 55 55
OfficeMax shareholders’ equity—other .................. 467 247 2,229 1,931 1,681
$4,070 $ 4,174 $6,284 $6,216 $6,272
Net sales ..................................... $7,212 $ 8,267 $9,082 $8,966 $9,158
Income (loss) from:
Net income (loss) from continuing operations attributable to
OfficeMax and noncontrolling interest ............... $ (1) $(1,666) $ 212 $ 103 $ (39)
Joint venture results attributable to noncontrolling interest ..... 2 8 (5) (4) (2)
Net income (loss) from continuing operations attributable to
OfficeMax ................................... 1 (1,658) 207 99 (41)
Preferred dividends ............................... (3) (4) (4) (4) (4)
Net income (loss) from continuing operations available to
OfficeMax common shareholders .................... (2) (1,662) 203 95 (45)
Net loss from discontinued operations .................. — — — (7) (33)
Net income (loss) available to OfficeMax common
shareholders ................................. $ (2) $(1,662) $ 203 $ 88 $ (78)
Basic net income (loss) per common share:
Continuing operations ............................. $(0.03) $ (21.90) $ 2.70 $ 1.30 $ (0.58)
Discontinued operations ............................ — — — (0.10) (0.41)
Basic net income (loss) available to OfficeMax common
shareholders per common share ................. $ (0.03) $(21.90) $ 2.70 $ 1.20 $ (0.99)
Diluted net income (loss) per common share:
Continuing operations(f) ............................ $(0.03) $ (21.90) $ 2.66 $ 1.29 $ (0.58)
Discontinued operations(f) .......................... — — — (0.10) (0.41)
Diluted net income (loss) available to OfficeMax common
shareholders per common share(f) ................ $ (0.03) $(21.90) $ 2.66 $ 1.19 $ (0.99)
Cash dividends declared per common share .............. — $ 0.45 $ 0.60 $ 0.60 $ 0.60
See notes on following page.
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