LAB5MCD159770 - Brian McDermott Z159770 Section Seventeen...

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Brian McDermott Z159770 Section Seventeen file:////home/vdimitrov/7453/c61a1e00e5ac3f7c586aea01f06803ea20e5a5e4.xls 05/12/200906:20:55 Office Depot Inc. Common-Size Comparative Income Statements For the Years Ended December 30, 2006 and December 31 2005 (In Thousands of Dollars) 2006 2005 Dollars Percent Dollars Percent Sales Revenue 15,010,781 100.00% 14,278,944 100.00% Cost of Goods Sold 10,343,141 68.90% 9,886,921 69.24% Gross profit 4,667,640 31.10% 4,392,023 30.76% Store and Warehouse Operating and Selling Expenses 3,296,443 21.96% 3,243,935 22.72% Assest Impairments 7,450 0.05% 133,483 0.93% General and Administrative Expense 651,696 4.34% 666,563 4.67% Gain on Sale of Building (21,432) -0.14% 0 0.00% Operating Income 733,483 4.89% 348,042 2.44% Interest Income 9,828 0.07% 22,204 0.16% Interest Expense (40,830) -0.27% (32,380) -0.23% Loss on extinguishment of debt (5,715) -0.04% 0 0.00% Miscellaneous income, net 30,565 0.20% 23,649 0.17% Income Before Tax 727,331 4.85% 361,515 2.53% Income Tax Expense 211,196 1.41% 87,723 0.61% Net Income 516,135 3.44% 273,792 1.92%
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Brian McDermott Z159770 Section Seventeen file:////home/vdimitrov/7453/c61a1e00e5ac3f7c586aea01f06803ea20e5a5e4.xls 05/12/200906:20:55 Office Depot Inc. Common-Size Comparative Balance Sheets For the Years Ended December 30, 2006 and December 31 2005 (In Thousands of Dollars) Increase (Decrease) 2006 2005 Dollars Percent Cash 173,552 703,197 (529,645) -75.32% Short-term investments 0 200 (200) -100.00% Receivables 1,480,316 1,232,107 248,209 20.15% Inventories, net 1,559,981 1,360,274 199,707 14.68% Deferred income taxes 124,345 136,998 (12,653) -9.24% Prepaid expenses and other current assets 116,931 97,286 19,645 20.19% Total current assets 3,455,125 3,530,062 (74,937) -2.12% Property and equipment, net 1,424,967 1,311,737 113,230 8.63% Goodwill 1,198,886 881,182 317,704 36.05% Other assets 491,124 375,544 115,580 30.78% Total assets 6,570,102 6,098,525 471,577 7.73% Trade accounts payable 1,561,784 1,324,198 237,586 17.94% Accrued expenses and other current liabilities 1,224,565 979,796 244,769 24.98% Income taxes payable 135,448 117,487 17,961 15.29% Short-term borrowings and current maturities of long-term debt 48,130 47,270 860
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This note was uploaded on 04/09/2008 for the course ACCY 206 taught by Professor Madlinger during the Fall '08 term at Northern Illinois University.

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LAB5MCD159770 - Brian McDermott Z159770 Section Seventeen...

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