Office Depot, Inc. (ODP) financial statements (2021 and earlier)

Company profile

Business Address 6600 NORTH MILITARY TRAIL
BOCA RATON, FL 33496
State of Incorp. DE
Fiscal Year End December 31
SIC 594 - Miscellaneous Shopping Goods Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6986586227631,0691,071955
Cash and cash equivalents6986586227631,0691,071955
Receivables1,4188859316871,1661,2641,333
Inventory, net of allowances, customer advances and progress billings1,0321,0651,0931,2791,6981,6381,812
Inventory1,0321,0651,0931,2791,6981,6381,812
Prepaid expense6561114116163
Contract with customer, asset2322
Disposal group, including discontinued operation 61391423024 
Other undisclosed current assets27042809183105133
Total current assets:3,4472,6832,8712,9734,0604,2184,396
Noncurrent Assets
Operating lease, right-of-use asset1,413
Property, plant and equipment6797637256017859631,309
Long-term investments and receivables 842863885905926 
Accounts and financing receivable, after allowance for credit loss 842863885905926 
Intangible assets, net (including goodwill)1,3321,3361,299396432463511
Goodwill944914851363378391398
Intangible assets, net (excluding goodwill)388422448335472113
Contract with customer, asset, net1717
Regulated entity, other noncurrent assets    (3)  
Other noncurrent assets257258260219236242281
Other undisclosed noncurrent assets1662673054662732980
Total noncurrent assets:3,8643,4833,4522,5672,3822,6263,081
TOTAL ASSETS:7,3116,1666,3235,5406,4426,8447,477
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1841,1128978961,3321,687323
Accounts payable1,0261,1108928931,3191,340 
Employee-related liabilities150    343319
Taxes payable82531344
Deferred revenue52
Debt106959629563229
Disposal group, including discontinued operation  67104   
Deferred tax liabilities    33
Other liabilities1,2199789861,0021,3551,517 
Other undisclosed current liabilities533    (346)2,567
Total current liabilities:3,0942,1852,0462,0312,7432,8932,922
Noncurrent Liabilities
Long-term debt and lease obligation, including:575690936358634674696
Operating lease, liability1,208
Other undisclosed long-term debt and lease obligation(633)690936358634674696
Liabilities, other than long-term debt8611295150202313164
Deferred revenue1
Contract with customer, liability1
Deferred tax liabilities, net    84110
Liability, pension and other postretirement and postemployment benefits8511191140184196
Off-market lease, unfavorable  410183354
Other undisclosed noncurrent liabilities1,3831,0531,1081,1491,2601,3431,577
Total noncurrent liabilities:2,0441,8552,1391,6572,0962,3302,437
Total liabilities:5,1384,0404,1853,6884,8395,2235,359
Temporary equity, carrying amount  18    
Stockholders' equity
Stockholders' equity attributable to parent2,1732,1262,1201,8521,6031,6212,063
Common stock6666665
Treasury stock, value(325)(285)(246)(190)(58)(58)(58)
Additional paid in capital2,6472,6772,7112,6182,6072,5562,480
Accumulated other comprehensive income (loss)(66)(99)(78)(129)30107272
Accumulated deficit(89)(173)(273)(453)(982)(990)(636)
Stockholders' equity attributable to noncontrolling interest      1
Total stockholders' equity:2,1732,1262,1201,8521,6031,6212,064
Other undisclosed liabilities and equity      54
TOTAL LIABILITIES AND EQUITY:7,3116,1666,3235,5406,4426,8447,477

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,64711,01510,24011,02114,48516,10411,242
Revenue, net10,24011,02114,48516,09611,242
Cost of revenue
(Cost of Goods and Services Sold)
(8,183)(8,464)(7,779)(8,313)(10,983)(12,320)(8,616)
Other undisclosed gross profit     (8) 
Gross profit:2,4642,5512,4612,7083,5023,7762,626
Operating expenses(2,157)(2,225)(2,026)(2,257)(3,166)(4,233)(3,127)
Other undisclosed operating income (loss)(116)(72)(94)80(221)182296
Operating income (loss):191254341531115(275)(205)
Nonoperating income44402023252419
Investment income, nonoperating2325222224245
Other nonoperating income (expense)2115(2)11 14
Interest and debt expense(89)(136)(62)(95)(93)(89)(69)
Income (loss) from continuing operations before equity method investments, income taxes:14615829945947(340)(255)
Income from equity method investments      14
Other undisclosed income from continuing operations before income taxes      368
Income (loss) from continuing operations before income taxes:14615829945947(340)127
Income tax expense (benefit)(47)(59)(153)220(39)(12)(147)
Income (loss) from continuing operations:99991466798(352)(20)
Income from discontinued operations     6 
Income (loss) before gain (loss) on sale of properties:99991466798(346)(20)
Other undisclosed net loss   (150) (6) 
Net income (loss):99991465298(352)(20)
Net loss attributable to noncontrolling interest     (2) 
Other undisclosed net income attributable to parent 535    
Net income (loss) attributable to parent:991041815298(354)(20)
Preferred stock dividends and other adjustments      (69)
Other undisclosed net loss available to common stockholders, basic      (4)
Net income (loss) available to common stockholders, diluted:991041815298(354)(93)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):99991465298(352)(20)
Other comprehensive income (loss)33(21)51(159)(77)(165)59
Comprehensive income (loss):13278197370(69)(517)39
Comprehensive loss, net of tax, attributable to noncontrolling interest     (2) 
Other undisclosed comprehensive income, net of tax, attributable to parent 535    
Comprehensive income (loss), net of tax, attributable to parent:13283232370(69)(519)39

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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