Office Depot 2011 Annual Report Download - page 238

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30
iii. Certain items classified within other revenues in the consolidated statements of operations under MFRS
are presented within other operating income under U.S. GAAP. Such amounts in 2011, 2010 (unaudited)
and 2009 (unaudited) are $9,567, $25,788 and $39,427, res
p
ectivel
y
.
(c) Consolidated statement of cash flows
—
Under MFRS, the Company presents a consolidated statement of cash
flows similar to that required under U.S. GAAP. However, certain classification differences exist, mainly with
respect to interest paid. As well, U.S. GAAP requires disclosures of non-cash investing and financing
activities.
2011 2010 2009
(Unaudited) (Unaudited)
Net income under U.S. GAAP
$781,764
$793,698
$821,481
De
p
reciation and amortization
287,053
240,384
211,573
Allowance for doubtful accounts
(6,150) (1,804)
2,748
(Gain) loss on sale of fixed assets
(1,147) 15,520
(1,235)
Deferred income tax
(49,343)
(33,808)
(53,752)
Net
p
eriodic cost
10,235
10,789
4,292
Unrealized forei
g
n exchan
g
e loss (
g
ain)
6,095
(4,999)
(29,85
0
)
1,028,507
1,019,780
955,257
Chan
g
es in o
p
eratin
g
assets and liabilities:
Accounts receivable and recorvable taxes
(45,421)
(93,998)
23,891
Due to/from related
p
arties
(527)
463
131
Inventories
(204,088)
(495,636)
121,389
Trade accounts
p
a
y
able
48,050
213,819
(73,24
0
)
Accrued ex
p
enses
68,478 5,177
56,255
Accrued taxes
—
(39,879)
(47,023)
Other liabilities
(2,305)
(603)
603
Cash flows
p
rovided b
y
o
p
eratin
g
activities
892,694
609,263
1,037,263
Cash flows from investin
g
activities:
Purchases of equipment and investments in
leasehold im
p
rovements
(529,491)
(321,45
0
)
(424,793)
Ac
q
uisitions of subsidiaries, net of cash ac
q
uired
—
(178,353)
—
Purchases of trade mar
k
—
(10,786)
—
Proceeds from the sale of e
q
ui
p
ment
6,321
2,876
5,781
Net cash used in investin
g
activities
(523,170) (507,713)
(419,012)