OfficeMax 2009 Annual Report Download - page 52
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OfficeMax Incorporated and Subsidiaries
Consolidated Balance Sheets
December 26, December 27,
2009 2008
(thousands, except share
and per-share amounts)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of debt ............................... $ 22,430 $ 64,452
Accounts payable:
Trade .......................................... 650,233 727,424
Related parties ................................... 37,107 28,373
Income tax payable .................................. 3,389 18,288
Accrued expenses and other current liabilities:
Compensation and benefits .......................... 153,408 112,041
Other .......................................... 225,125 233,040
Total current liabilities ............................ 1,091,692 1,183,618
Long-term debt, less current portion ...................... 274,622 289,922
Non-recourse debt .................................. 1,470,000 1,470,000
Other long-term obligations:
Compensation and benefits ............................ 277,247 502,447
Deferred gain on sale of assets ......................... 179,757 179,757
Other long-term obligations ............................ 244,958 235,965
Total other long-term obligations .................... 701,962 918,169
Noncontrolling interest in joint venture .................. 28,059 21,871
Shareholders’ equity:
Preferred stock—no par value; 10,000,000 shares authorized;
Series D ESOP: $.01 stated value; 810,654 and 945,899 shares
outstanding ...................................... 36,479 42,565
Common stock—$2.50 par value; 200,000,000 shares authorized;
84,624,726 and 75,977,152 shares outstanding ............ 211,562 189,943
Additional paid-in capital .............................. 989,912 925,328
Accumulated deficit .................................. (602,242) (600,095)
Accumulated other comprehensive loss ................... (132,515) (267,738)
Total OfficeMax shareholders’ equity ................. 503,196 290,003
Total liabilities and shareholders’ equity ................. $4,069,531 $4,173,583
See accompanying notes to consolidated financial statements
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