OfficeMax 2014 Annual Report Download - page 64
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Table of Contents
(In millions, except per share amounts)
2013 2012
Sales $11,242 $10,696
Cost of goods sold and occupancy costs 8,616 8,160
Gross profit 2,626 2,536
Selling, general and administrative expenses 2,560 2,440
Recovery of purchase price — (68)
Asset impairments 70 139
Merger, restructuring, and other operating expenses, net 201 56
Legal accrual — —
Operating loss (205) (31)
Other income (expense):
Interest income 5 2
Interest expense (69) (69)
Loss on extinguishment of debt — (12)
Gain on disposition of joint venture 382 —
Other income, net 14 35
Income (loss) before income taxes 127 (75)
Income tax expense 147 2
Net loss (20) (77)
Less: Results attributable to the noncontrolling interests — —
Net loss attributable to Office Depot, Inc. (20) (77)
Preferred stock dividends 73 33
Net loss attributable to common stockholders $ (93) $ (110)
Basic and diluted loss per share $ (0.29) $ (0.39)
The accompanying notes to consolidated financial statements are an integral part of these statements.
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