OfficeMax 2010 Annual Report Download - page 34

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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.
2010(a) 2009(b) 2008(c) 2007(d) 2006(e)
(millions, except per-share amounts)
Assets:
Current assets ......................................... $2,014 $2,021 $ 1,855 $2,205 $2,097
Property and equipment, net .............................. 397 422 491 581 580
Goodwill ............................................. — — — 1,217 1,216
Timber notes receivable ................................. 899 899 899 1,635 1,635
Other ................................................ 769 728 929 646 688
Total assets ....................................... $4,079 $4,070 $ 4,174 $6,284 $6,216
Liabilities and shareholders’ equity:
Current liabilities ...................................... $1,044 $1,092 $ 1,184 $1,371 $1,529
Long-term debt, less current portion ........................ 270 275 290 349 384
Non-recourse debt ...................................... 1,470 1,470 1,470 1,470 1,470
Other ................................................ 645 702 918 783 817
Noncontrolling interest .................................. 49 28 22 32 30
OfficeMax shareholders’ equity—preferred stock ............. 31 36 43 50 55
OfficeMax shareholders’ equity—other ..................... 570 467 247 2,229 1,931
Total liabilities and shareholders’ equity ................ $4,079 $4,070 $ 4,174 $6,284 $6,216
Net sales ............................................. $7,150 $7,212 $ 8,267 $9,082 $8,966
Net income (loss) from continuing operations attributable to
OfficeMax and noncontrolling interest .................... $ 74 $ (1) $(1,666) $ 212 $ 103
Joint venture results attributable to noncontrolling interest ...... (3) 2 8 (5) (4)
Net income (loss) from continuing operations attributable to
OfficeMax .......................................... $ 71 $ 1 $(1,658) $ 207 $ 99
Preferred dividends ..................................... (2) (3) (4) (4) (4)
Net income (loss) from continuing operations available to
OfficeMax common shareholders ........................ $ 69 $ (2) $(1,662) $ 203 $ 95
Net loss from discontinued operations ...................... — — — — (7)
Net income (loss) available to OfficeMax common
shareholders ........................................ $ 69 $ (2) $(1,662) $ 203 $ 88
Basic net income (loss) per common share:
Continuing operations ................................... $ 0.81 $ (0.03) $(21.90) $ 2.70 $ 1.30
Discontinued operations ................................. — — — — (0.10)
Basic net income (loss) available to OfficeMax common
shareholders per common share ..................... $ 0.81 $ (0.03) $(21.90) $ 2.70 $ 1.20
Diluted net income (loss) per common share:
Continuing operations ................................... $ 0.79 $ (0.03) $(21.90) $ 2.66 $ 1.29
Discontinued operations ................................. — — — — (0.10)
Diluted net income (loss) available to OfficeMax common
shareholders per common share ..................... $ 0.79 $ (0.03) $(21.90) $ 2.66 $ 1.19
Cash dividends declared per common share .................. $ — $ — $ 0.45 $ 0.60 $ 0.60
See notes on following page.
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