- Calculate the profit margin ratio for Office Depot for the CURRENT and PRIOR years.
MAKE SURE TO IDENTIFY WHICH IS CURRENT vs PRIOR
Table of Contents OFFICE DEPOT, INC. CONSOLIDATED BALANCE SHEETS (In millions, except shares and par value) December 31. 2016 December 26, 2015 S $ 763 687 1,279 102 142 2,973 601 363 33 885 466 219 860 746 1,406 92 956 4,060 665 363 53 905 11 203 182 6,442 s 5,540 s S ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other current assets Current assets of discontinued operations Total current assets Property and equipment, net Goodwill Other intangible assets, net Timber notes receivable Deferred income taxes Other assets Non-current assets of discontinued operations Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable Accrued expenses and other current liabilities Income taxes payable Short-term borrowings and current matunities of long-term debt Current liabilities of discontinued operations Total current liabilities Deferred income taxes and other long-term liabilities Pension and postretirement obligations, net Long-term debt, net of current maturities Non-recourse debt Non-current liabilities of discontinued operations Total liabilities Commitments and contingencies Stockholders' equity: Common stock -- authorized 800,000,000 shares of 5.01 par value; issued shares 557,892,568 at December 31, 2016 and 554,835,306 at December 26, 2015 Additional paid-in capital Accumulated other comprehensive income (loss) Accumulated deficit Treasury stock, at cost 42,802,998 shares at December 31, 2016 and 5,915,268 shares at December 26, 2015 Total stockholders' equity Total liabilities and stockholders' equity The accompanying notes to consolidated financial statements are an integral part of these statements. 60 893 1,002 3 29 104 2,031 361 140 358 798 987 1.074 9 51 622 2,743 421 182 628 819 46 3,688 4,839 6 2,618 (129) (453) (190) 1.852 5.540 6 2.607 30 (982) (58) 1,603 6,442 S $ Table of Contents OFFICE DEPOT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) 2016 $11,021 8,313 2,708 2.242 15 (80) 2015 $11,727 8.864 2,863 2,425 13 242 2014 $12,710 9,734 2,976 2,733 56 334 81 (228) 531 183 22 (80) 22 (91) 22 (87) (15) Sales Cost of goods sold and occupancy costs Gross profit Selling, general and administrative expenses Asset impaiments Merger, restructuring, and other operating (income) expenses, net Legal accrual Operating income (loss) Other income (expense): Interest income Interest expense Loss on extinguishment of debt Other income, net Income (loss) from continuing operations before income taxes Income tax expense (benefit) Net income (loss) from continuing operations Discontinued operations, net of tax Net income (loss) Less: Results attributable to the noncontrolling interests Net income (loss) attributable to Office Depot, Inc. Basic eamings(loss) per common share Continuing operations Discontinued operations Net basic eamings (loss) per common share Diluted earings (loss) per common share Continuing operations Discontinued operations Net diluted eamings (loss) per common share Dividends per common share 1 459 (220) 679 (150) 529 1 115 23 92 (84) 8 2 (291) 2 (293) (59) (352) 2 $ (354) S 529 $ 8 $ 1.26 (0.28) $ 0.98 $ 0.17 (0.15) $ 0.01 $ (0.55) (0.11) $ (0.66) S (0.55) (0.11) $ 1.24 $ 0.16 (0.27) (0.15) $ 0.96 $ 0.01 $ 0.05 $ S (0.66) $ The accompanying notes to consolidated financial statements are an integral part of these statements 58 Table of Contents OFFICE DEPOT, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In millions, except share amounts) Accumulated Common Common Additional Other Stock Stock Paid-in Comprehensive Accumulated Treasury Noncontrolling Shares Amount Capital Income Deficit Stock Interest 536,629,760 5 5 $ 2,480 5 272 S (636) S (58) $ Total Equity $2,064 () (354) (1) (354) (165) (165) (742,823) 15,210,600 38 38 6 $ 2.556 III|II|1e 551,097,537 S 107 $ (990) S (58) S 8 39 38 $1,621 8 (77) (77) 001 III Balance at December 28, 2013 Decrease in subsidiary shares from noncontrolling interests Net loss Other comprehensive loss Forfeiture of restricted stock Exercise and release of incentive stock (including income tax benefits and withholding) Amortization of long-term incentive stock grants Balance at December 27, 2014 Net income Other comprehensive loss Forfeiture of restricted stock Exercise and release of incentive stock (including income tax benefits and withholding) Amortization of long-term incentive stock grants Balance at December 26, 2015 Net income Other comprehensive loss Forfeiture of restricted stock Exercise and release of incentive stock (including income tax benefits and withholding) Amortization of long-term incentive stock grants Dividends paid on common stock Repurchase of common stock Balance at December 31, 2016 (80,170) 3,817.939 554,835,306 $ 44 6 $ 2,607 $ 30 S (982) S (58) S 529 11111 7 44 $1,603 529 (159) 11 (159) (6,945) 3,064,207 (2) 39 (26) 11 III (2) 39 (26) (132 $1,852 557,892,568 S 6 S 2,618 (132) (453) S(190) S S (129) S The accompanying notes to consolidated financial statements are an integral part of these statements. 62 Table of Contents OFFICE DEPOT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) 2016 2015 2014 S $ (352) $ 529 (150) 679 181 78 15 40 15 (231) (9) 3 55 56 (51) (339) (187) 492 (279) (111) 27 (84) Cash flows from operating activities of continuing operations: Net income (loss) Loss from discontinued operations, net of tax Net income from continuing operations Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization Charges for losses on inventories and receivables Asset impairments Compensation expense for share-based payments Loss on extinguishment of debt Deferred income taxes and deferred tax asset valuation allowances Loss (gain) on disposition of assets Other Changes in assets and liabilities: Decrease increase) in receivables Decrease (increase) in inventories Net decrease increase) in prepaid expenses and other assets Net decrease in trade accounts payable, accrued expenses and other current and other long-term liabilities Total adjustments Net cash provided by operating activities of continuing operations Cash flows from investing activities of continuing operations: Capital expenditures Proceeds from sale of joint ventures, net Proceeds from sale of available for sale securities Acquisition, net of cash acquired Proceeds from disposition of assets and other Net cash used in investing activities of continuing operations Cash flows from financing activities of continuing operations: Net proceeds from employee share-based transactions Debt retirement Debt related fees Cash used in extinguishment of debt Cash dividends on common stock Proceeds from issuance of borrowings Net payments on long and short-term borrowings Repurchase of common stock for treasury Net cash (used in) provided by financing activities of continuing operations Cash flows from discontinued operations: Operating activities of discontinued operations Investing activities of discontinued operations Financing activities of discontinued operations Net cash used in discontinued operations Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Cash and cash equivalents of discontinued operations Cash and cash equivalents at the end of period -- continued operations Supplemental information on operating, investing, and financing activities Cash interest paid, net of amounts capitalized and Timber notes/Non-recourse debt Cash taxes paid (refunded) Non-cash asset additions under capital leases The accompanying notes to consolidated financial statements are an integral part of these statements. * = - SI 11850-1911188 sa-lagella 28. Babes Elise 11% elules les velles les (250) (6) (12) (26) (49) (132) (475) (22) (122) (70) ( 5 (187) (8) (262) 1,069 807 (44) S 763 1,071 1.069 (209) S 860 1,071 $ 824 s 63 s $ s S 48 9 S $ 25 $ (20) $ $ 61
