Office Depot 2009 Annual Report Download - page 70
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Aggregate annual maturities of long-term debt and capital lease obligations are as follows:
(Dollars in thousands)
2010 .............................................................. $ 77,535
2011 .............................................................. 31,441
2012 .............................................................. 29,430
2013 .............................................................. 429,011
2014 .............................................................. 29,164
Thereafter .......................................................... 279,241
Total .............................................................. 875,822
Less amount representing interest on capital leases .......................... 153,237
Total .............................................................. 722,585
Less current portion .................................................. 59,845
Total long-term debt .................................................. $ 662,740
NOTE G — INCOME TAXES
The income tax expense (benefit) related to earnings (loss) from operations consisted of the following:
(Dollars in thousands) 2009 2008 2007
Current:
Federal ..................................... $ (41,997) $ (16,430) $ 50,602
State ....................................... 2,228 6,622 728
Foreign ..................................... 1,455 19,262 12,710
Deferred :
Federal ..................................... 233,398 (125,945) 72,017
State ....................................... 46,845 18,606 (38,183)
Foreign ..................................... 45,643 (760) (34,856)
Total income tax expense (benefit) ................. $ 287,572 $ (98,645) $ 63,018
The components of earnings (loss) before income taxes consisted of the following:
(Dollars in thousands) 2009 2008 2007
North America ............................ $ (271,520) $ (733,342) $276,040
International ............................. (39,632) (846,306) 181,682
Total ................................... $ (311,152) $(1,579,648) $457,722
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