OfficeMax 2011 Annual Report Download - page 48

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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.
2011(a) 2010(b) 2009(c) 2008(d) 2007(e)
(millions, except per-share amounts)
Assets:
Current assets ......................................... $1,939 $2,014 $2,021 $ 1,855 $2,205
Property and equipment, net .............................. 365 397 422 491 581
Goodwill .............................................——— —1,217
Timber notes receivable ................................. 899 899 899 899 1,635
Other ................................................ 866 769 728 929 646
Total assets ....................................... $4,069 $4,079 $4,070 $ 4,174 $6,284
Liabilities and shareholders’ equity:
Current liabilities ...................................... $1,013 $1,044 $1,092 $ 1,184 $1,371
Long-term debt, less current portion ........................ 229 270 275 290 349
Non-recourse debt ...................................... 1,470 1,470 1,470 1,470 1,470
Other ................................................ 756 645 702 918 783
Noncontrolling interest .................................. 32 49 28 22 32
OfficeMax shareholders’ equity—preferred stock ............. 29 31 36 43 50
OfficeMax shareholders’ equity—other ..................... 540 570 467 247 2,229
Total liabilities and shareholders’ equity ................ $4,069 $4,079 $4,070 $ 4,174 $6,284
Net sales ............................................. $7,121 $7,150 $7,212 $ 8,267 $9,082
Net income (loss) attributable to OfficeMax and noncontrolling
interest ............................................. $ 38 $ 74 $ (1) $(1,666) $ 212
Joint venture results attributable to noncontrolling interest ...... (3) (3) 2 8 (5)
Net income (loss) attributable to OfficeMax ................. $ 35 $ 71 $ 1 $(1,658) $ 207
Preferred dividends ..................................... (2) (2) (3) (4) (4)
Net income (loss) available to OfficeMax common
shareholders ........................................ $ 33 $ 69 $ (2) $(1,662) $ 203
Basic net income (loss) per common share .................. $ 0.38 $ 0.81 $ (0.03) $(21.90) $ 2.70
Diluted net income (loss) per common share ................. $ 0.38 $ 0.79 $ (0.03) $(21.90) $ 2.66
Cash dividends declared per common share .................. $ — $ — $ — $ 0.45 $ 0.60
See notes on following page.
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