Office Depot 2007 Annual Report Download - page 50

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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OFFICE DEPOT, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
December 29,
2007
December 30,
2006
ASSETS
Current assets:
Cash and cash equivalents ...................................................................................... $ 222,954 $ 173,552
Receivables, net of allowances of $46,316 in 2007 and $32,581 in 2006 .............. 1,511,681 1,480,316
Inventories .............................................................................................................. 1,717,662 1,539,685
Deferred income taxes ............................................................................................ 120,162 131,977
Prepaid expenses and other current assets .............................................................. 143,255 116,931
Total current assets ............................................................................................. 3,715,714 3,442,461
Property and equipment, net....................................................................................... 1,588,958 1,424,967
Goodwill..................................................................................................................... 1,282,457 1,198,886
Other intangible assets................................................................................................ 107,987 114,289
Other assets................................................................................................................. 561,424 376,835
Total assets.................................................................................................. $ 7,256,540 $ 6,557,438
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable........................................................................................... $ 1,591,154 $ 1,561,784
Accrued expenses and other current liabilities........................................................ 1,170,775 1,224,565
Income taxes payable.............................................................................................. 3,491 135,448
Short-term borrowings and current maturities of long-term debt ........................... 207,996 48,130
Total current liabilities.................................................................................... 2,973,416 2,969,927
Deferred income taxes and other long-term liabilities................................................ 576,254 403,289
Long-term debt, net of current maturities................................................................... 607,462 570,752
Minority interest ......................................................................................................... 15,564 16,023
Commitments and contingencies
Stockholders’ equity:
Common stock — authorized 800,000,000 shares of $.01 par value; issued and
outstanding shares — 428,777,625 in 2007 and 426,177,619 in 2006 ................. 4,288 4,262
Additional paid-in capital........................................................................................ 1,784,184 1,700,976
Accumulated other comprehensive income ............................................................ 495,916 295,253
Retained earnings.................................................................................................... 3,783,805 3,370,538
Treasury stock, at cost — 155,819,358 shares in 2007 and 149,778,235 shares in
2006 ...................................................................................................................... (2,984,349) (2,773,582)
Total stockholders’ equity................................................................................... 3,083,844 2,597,447
Total liabilities and stockholders’ equity.................................................... $ 7,256,540 $ 6,557,438