ODP · As filed with the SEC
ODP cash flow statement, by fiscal year
The statement as ODP presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD
| USD | FY2024 Year ended Dec 28, 2024 | FY2023 Year ended Dec 30, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 25, 2021 | FY2020 Year ended Dec 26, 2020 | FY2019 Year ended Dec 28, 2019 | FY2018 Year ended Dec 29, 2018 | FY2017 Year ended Dec 30, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net income (loss) | (3,000,000) | 139,000,000 | 166,000,000 | (208,000,000) | (319,000,000) | 99,000,000 | 104,000,000 | 181,000,000 |
| Loss from discontinued operations, net of tax | (109,000,000) | — | (12,000,000) | (395,000,000) | — | — | 5,000,000 | 35,000,000 |
| Net income from continuing operations | 106,000,000 | 139,000,000 | 178,000,000 | 187,000,000 | (319,000,000) | 99,000,000 | 99,000,000 | 146,000,000 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 97,000,000 | 115,000,000 | 131,000,000 | 146,000,000 | 189,000,000 | 204,000,000 | 192,000,000 | 159,000,000 |
| Amortization of debt discount and issuance costs | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 8,000,000 | 10,000,000 | — |
| Charges for losses on receivables and inventories | 23,000,000 | 28,000,000 | 19,000,000 | 22,000,000 | 36,000,000 | 26,000,000 | 37,000,000 | 70,000,000 |
| Asset impairments | 33,000,000 | 85,000,000 | 14,000,000 | 20,000,000 | 431,000,000 | 56,000,000 | 7,000,000 | 4,000,000 |
| Gain on disposition of assets, net | (1,000,000) | (4,000,000) | (4,000,000) | (5,000,000) | 5,000,000 | (23,000,000) | (5,000,000) | (4,000,000) |
| Other | — | — | — | — | — | — | 9,000,000 | 2,000,000 |
| Loss on extinguishment and modification of debt | — | — | — | — | 12,000,000 | — | 15,000,000 | — |
| Compensation expense for share-based payments | 32,000,000 | 36,000,000 | 40,000,000 | 38,000,000 | 41,000,000 | 33,000,000 | 27,000,000 | 28,000,000 |
| Deferred income taxes and deferred tax asset valuation allowances | — | — | — | — | — | — | 40,000,000 | 137,000,000 |
| Deferred income taxes and deferred tax asset valuation allowances | 38,000,000 | 40,000,000 | 40,000,000 | (6,000,000) | 9,000,000 | 100,000,000 | — | — |
| Contingent consideration payments in excess of acquisition-date liability | — | — | — | — | (2,000,000) | (11,000,000) | — | — |
| Changes in assets and liabilities: | ||||||||
| Decrease (increase) in receivables | 19,000,000 | 41,000,000 | (42,000,000) | (61,000,000) | 191,000,000 | 63,000,000 | 43,000,000 | 15,000,000 |
| Decrease (increase) in inventories | (24,000,000) | 47,000,000 | 13,000,000 | 35,000,000 | 84,000,000 | 19,000,000 | (2,000,000) | 160,000,000 |
| Net decrease (increase) in prepaid expenses and other assets | — | — | — | — | — | — | 4,000,000 | 2,000,000 |
| Net increase (decrease) in trade accounts payable, accrued expenses and other current and other long-term liabilities | — | — | — | — | — | — | 140,000,000 | (252,000,000) |
| Net decrease in prepaid expenses, operating lease right-of-use assets, and other assets | 240,000,000 | 277,000,000 | 282,000,000 | 281,000,000 | 317,000,000 | 321,000,000 | — | — |
| Net increase in trade accounts payable, accrued expenses, operating lease liabilities, and other current and other long-term liabilities | (406,000,000) | (474,000,000) | (436,000,000) | (312,000,000) | (513,000,000) | (532,000,000) | — | — |
| Other operating activities | 0 | (1,000,000) | — | (3,000,000) | 1,000,000 | 3,000,000 | — | — |
| Total adjustments | 53,000,000 | 192,000,000 | 59,000,000 | 157,000,000 | 804,000,000 | 267,000,000 | 517,000,000 | 321,000,000 |
| Net cash provided by operating activities of continuing operations | 159,000,000 | 331,000,000 | 237,000,000 | 344,000,000 | 485,000,000 | 366,000,000 | 616,000,000 | 467,000,000 |
| Net cash used in operating activities of discontinued operations | (29,000,000) | — | — | 2,000,000 | 0 | 0 | 11,000,000 | (9,000,000) |
| Net cash provided by operating activities | 130,000,000 | 331,000,000 | 237,000,000 | 346,000,000 | — | — | — | — |
| Cash flows from investing activities: | ||||||||
| Capital expenditures | (98,000,000) | (105,000,000) | (99,000,000) | (73,000,000) | (68,000,000) | (150,000,000) | (187,000,000) | (141,000,000) |
| Purchase of leased head office facility | — | — | — | — | — | — | — | (42,000,000) |
| Businesses acquired, net of cash acquired | (11,000,000) | (16,000,000) | — | (29,000,000) | (30,000,000) | (22,000,000) | (81,000,000) | (875,000,000) |
| Proceeds from collection of notes receivable | — | — | — | — | 818,000,000 | — | — | — |
| Proceeds from disposition of assets | 3,000,000 | 109,000,000 | 8,000,000 | 5,000,000 | 3,000,000 | 50,000,000 | 15,000,000 | — |
| Settlement of company-owned life insurance policies | 4,000,000 | 5,000,000 | 5,000,000 | 22,000,000 | — | — | — | — |
| Other investing activities | — | — | — | — | 13,000,000 | 3,000,000 | 4,000,000 | 25,000,000 |
| Net cash provided by (used in) investing activities of continuing operations | (102,000,000) | (7,000,000) | (86,000,000) | (75,000,000) | 736,000,000 | (119,000,000) | (249,000,000) | (1,033,000,000) |
| Net cash provided by (used in) investing activities of discontinued operations | (24,000,000) | 5,000,000 | 76,000,000 | (4,000,000) | 0 | 0 | 66,000,000 | (68,000,000) |
| Net cash provided by (used in) discontinued operations | — | — | — | — | — | — | 77,000,000 | (85,000,000) |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | — | — | — | 7,000,000 |
| Net decrease in cash and cash equivalents | — | — | — | — | — | — | — | (171,000,000) |
| Cash and cash equivalents at beginning of period | — | — | — | — | — | — | 636,000,000 | 807,000,000 |
| Cash and cash equivalents at end of period | — | — | — | — | — | — | — | 636,000,000 |
| Net cash used in investing activities | (126,000,000) | (2,000,000) | (10,000,000) | (79,000,000) | — | — | — | — |
| Cash flows from financing activities: | ||||||||
| Payments on credit facilities and debt retirement | (608,000,000) | — | — | — | — | — | — | — |
| Borrowings under credit facilities | 715,000,000 | — | — | — | — | — | — | — |
| Net payments on long and short-term borrowings | (11,000,000) | (15,000,000) | (21,000,000) | (25,000,000) | (341,000,000) | (98,000,000) | (97,000,000) | (31,000,000) |
| Cash used in extinguishment and modification of debt | — | — | — | — | — | — | (7,000,000) | — |
| Debt retirement | — | (204,000,000) | (43,000,000) | (100,000,000) | (1,196,000,000) | (735,000,000) | (194,000,000) | — |
| Debt related fees | — | — | — | — | — | — | — | (12,000,000) |
| Debt issuance | — | 200,000,000 | — | — | 400,000,000 | 736,000,000 | — | 728,000,000 |
| Proceeds from issuance of borrowings | — | — | — | — | — | — | — | 4,000,000 |
| Cash dividends on common stock | — | — | — | — | (13,000,000) | (55,000,000) | (55,000,000) | (53,000,000) |
| Share purchases for taxes, net of proceeds from employee share-based transactions | — | — | — | — | — | — | (3,000,000) | (17,000,000) |
| Share purchases for taxes, net of proceeds from employee share-based transactions | (15,000,000) | (26,000,000) | (20,000,000) | (26,000,000) | (5,000,000) | (9,000,000) | — | — |
| Repurchase of common stock for treasury and advance payment for accelerated share repurchase | (300,000,000) | (295,000,000) | (266,000,000) | (307,000,000) | (30,000,000) | (40,000,000) | (39,000,000) | (56,000,000) |
| Contingent consideration payments up to amount of acquisition-date liability | — | — | — | — | (1,000,000) | (12,000,000) | — | — |
| Acquisition of non-controlling interest | — | — | — | — | — | — | (18,000,000) | — |
| Payment to extinguish finance lease obligation | — | — | — | — | — | — | — | (92,000,000) |
| Other financing activities | (6,000,000) | — | (5,000,000) | (1,000,000) | (7,000,000) | 1,000,000 | (1,000,000) | 2,000,000 |
| Net cash used in financing activities of continuing operations | (225,000,000) | (340,000,000) | (355,000,000) | (459,000,000) | — | (212,000,000) | (414,000,000) | 473,000,000 |
| Net cash used in financing activities of discontinued operations | 0 | — | — | — | — | 0 | — | (8,000,000) |
| Net cash used in financing activities | (225,000,000) | (340,000,000) | (355,000,000) | (459,000,000) | (1,193,000,000) | — | — | — |
| Effect of exchange rate changes on cash and cash equivalents | (3,000,000) | 2,000,000 | (5,000,000) | — | 1,000,000 | 5,000,000 | (9,000,000) | — |
| Net decrease in cash, cash equivalents and restricted cash | (224,000,000) | (9,000,000) | (133,000,000) | (192,000,000) | 29,000,000 | 40,000,000 | 21,000,000 | — |
| Cash, cash equivalents and restricted cash at beginning of period | 395,000,000 | 404,000,000 | 537,000,000 | 729,000,000 | 700,000,000 | 660,000,000 | 639,000,000 | — |
| Cash, cash equivalents and restricted cash at end of period | 171,000,000 | 395,000,000 | 404,000,000 | 537,000,000 | 729,000,000 | 700,000,000 | 660,000,000 | — |
| Cash, cash equivalents and restricted cash at end of period — continuing operations | 171,000,000 | 395,000,000 | 404,000,000 | 514,000,000 | — | — | — | — |
| Supplemental information on operating, investing, and financing activities | ||||||||
| Right-of-use assets obtained in exchange for new operating lease liabilities | 250,000,000 | 375,000,000 | 228,000,000 | 127,000,000 | 126,000,000 | — | — | — |
| Promissory note receivable obtained from disposition of discontinued operations | — | 59,000,000 | 55,000,000 | — | — | — | — | — |
| Cash taxes paid (refunded), net | (8,000,000) | 35,000,000 | 17,000,000 | 43,000,000 | (14,000,000) | (43,000,000) | (5,000,000) | 18,000,000 |
| Non-cash asset additions under finance leases | — | — | — | — | — | 27,000,000 | 24,000,000 | 5,000,000 |
| Earn-out receivable obtained from disposition of discontinued operations | — | 9,000,000 | 9,000,000 | — | — | — | — | — |
| Right-of-use assets obtained in exchange for new finance lease liabilities | 9,000,000 | 7,000,000 | 4,000,000 | 3,000,000 | 29,000,000 | — | — | — |
| Cash interest paid, net of amounts capitalized and non-recourse debt | 19,000,000 | 16,000,000 | 16,000,000 | 25,000,000 | 40,000,000 | 61,000,000 | 93,000,000 | 34,000,000 |
| Other current and noncurrent receivables obtained from disposition of discontinued operations | — | — | 9,000,000 | — | — | — | — | — |
| Transfer from additional paid-in capital to treasury stock for final settlement of the accelerated share repurchase agreement | 0 | — | 29,000,000 | — | — | — | — | — |
| Business acquired in exchange for common stock issuance | — | — | — | 35,000,000 | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.