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Financial Report for Office Depot, Inc. During In the year 2011, in the financial report ending December 31, 2011, Office Depot Incorporated reported a decrease in the accounts payable of the company; showing that the amounts went from 1,080,276 on December 25, 2010 down to 993. 636 on December 31, 2011. The amount shown previously are in USD currency and in thousands, unless otherwise is specified in the financial statement.
Some of the previous agreements arranged by the company were fulfilled and closed by the payments made throughout the year. The company was in compliance with all applicable financial covenants of existing loan agreements at December 31, 2011. Comparing both 2011 and 2010 financial statements, the difference in the notes or accounts payable were considerable, showing the way the company follow their part of the agreement on the amounts borrowed from different lenders.
The Fiscal Year Ended December 31, 2011 reflects the net earnings of an amount of $95,691. The financial statement ended December 25, 2010 shows an amount of net earnings (loss) of $46,205 which was a loss from the most current year and finally showing the net earnings (loss) of financial statement ending on December 26, 2009 shows an even higher loss of $598,724.
The company requires a quarterly financial statement when it comes to revenues and in the year 2011, reported the net revenues as follows: 1st quarter, a loss of $5,390; 2nd quarter, another loss