OfficeMax 2010 Annual Report Download - page 61
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OfficeMax Incorporated and Subsidiaries
Consolidated Balance Sheets
December 25,
2010
December 26,
2009
(thousands, except share and
per-share amounts)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of debt .................................................. $ 4,560 $ 22,430
Accounts payable ...................................................... 686,106 687,340
Income tax payable .................................................... 11,055 3,389
Accrued expenses and other current liabilities:
Compensation and benefits .......................................... 145,911 153,408
Other ........................................................... 196,842 225,125
Total current liabilities .......................................... 1,044,474 1,091,692
Long-term debt, less current portion ....................................... 270,435 274,622
Non-recourse debt ..................................................... 1,470,000 1,470,000
Other long-term items:
Compensation and benefits obligations ................................. 250,756 277,247
Deferred gain on sale of assets ........................................ 179,757 179,757
Other long-term liabilities ........................................... 213,496 244,958
Noncontrolling interest in joint venture ..................................... 49,246 28,059
Shareholders’ equity:
Preferred stock—no par value; 10,000,000 shares authorized; Series D ESOP: $.01
stated value; 686,696 and 810,654 shares outstanding ....................... 30,901 36,479
Common stock—$2.50 par value; 200,000,000 shares authorized; 85,057,710 and
84,624,726 shares outstanding .......................................... 212,644 211,562
Additional paid-in capital ............................................... 986,579 989,912
Accumulated deficit .................................................... (533,606) (602,242)
Accumulated other comprehensive loss .................................... (95,753) (132,515)
Total OfficeMax shareholders’ equity .................................. 600,765 503,196
Total liabilities and shareholders’ equity ................................ $4,078,929 $4,069,531
See accompanying notes to consolidated financial statements
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