Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BOISE INC. | d8k.htm |
| EX-99.1 - BOISE INC. EARNINGS RELEASE - BOISE INC. | dex991.htm |
Exhibit 99.2
Boise Inc.
Quarterly Statistical Information
| 2010 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
| Paper |
||||||||||||||||||||
| Commodity UFS Volume (short tons) |
203,003 | 196,570 | 203,563 | 180,892 | 784,028 | |||||||||||||||
| Premium and Specialty UFS Volume (short tons) |
108,815 | 115,316 | 114,776 | 110,021 | 448,928 | |||||||||||||||
| Market Pulp Volume (short tons) |
18,558 | 13,382 | 27,287 | 21,968 | 81,195 | |||||||||||||||
| Medium Volume (short tons) |
31,823 | 31,390 | 33,893 | 29,438 | 126,544 | |||||||||||||||
| Commodity UFS Mill Net Sales Price ($/short ton) |
$ | 899 | $ | 934 | $ | 957 | $ | 954 | $ | 936 | ||||||||||
| Premium and Specialty UFS Mill Net Sales Price ($/short ton) |
$ | 1,020 | $ | 1,030 | $ | 1,076 | $ | 1,068 | $ | 1,049 | ||||||||||
| Market Pulp Mill Net Sales Price ($/short ton) |
$ | 496 | $ | 605 | $ | 563 | $ | 544 | $ | 549 | ||||||||||
| Medium Mill Net Sales Price ($/short ton) |
$ | 408 | $ | 460 | $ | 502 | $ | 499 | $ | 467 | ||||||||||
| Depreciation & Amortization (000) |
$ | 21,469 | $ | 21,698 | $ | 21,903 | $ | 22,289 | $ | 87,359 | ||||||||||
| Capital Spending (000) |
$ | 9,917 | $ | 15,397 | $ | 17,981 | $ | 24,552 | $ | 67,847 | ||||||||||
| Packaging |
||||||||||||||||||||
| Linerboard Sales Volume (short tons) |
138,561 | 157,236 | 153,434 | 152,380 | 601,611 | |||||||||||||||
| Segment Linerboard Sales Volume (short tons) |
61,878 | 53,950 | 48,254 | 61,129 | 225,211 | |||||||||||||||
| Corrugated Containers and Sheets Sales Volume (mmsf) |
1,616 | 1,686 | 1,741 | 1,691 | 6,735 | |||||||||||||||
| Newsprint Sales Volume (short tons) |
53,572 | 59,071 | 58,613 | 59,434 | 230,690 | |||||||||||||||
| Linerboard Mill Net Sales Price ($/short ton) |
$ | 364 | $ | 427 | $ | 468 | $ | 470 | $ | 434 | ||||||||||
| Segment Linerboard Mill Net Sales Price ($/short ton) |
$ | 296 | $ | 340 | $ | 398 | $ | 431 | $ | 365 | ||||||||||
| Corrugated Containers and Sheets Net Sales Price ($/msf) |
$ | 53 | $ | 56 | $ | 59 | $ | 59 | $ | 57 | ||||||||||
| Newsprint Mill Net Sales Price ($/short ton) |
$ | 442 | $ | 474 | $ | 511 | $ | 539 | $ | 493 | ||||||||||
| Depreciation & Amortization (000) |
$ | 9,696 | $ | 9,579 | $ | 9,599 | $ | 9,682 | $ | 38,556 | ||||||||||
| Capital Spending (000) |
$ | 3,372 | $ | 5,923 | $ | 10,566 | $ | 18,762 | $ | 38,623 | ||||||||||
| Total Company |
||||||||||||||||||||
| EBITDA (000) (a) |
$ | 29,261 | $ | 70,070 | $ | 109,829 | $ | 93,391 | $ | 302,551 | ||||||||||
| EBITDA Excluding Special Items (000) (a) |
$ | 54,916 | $ | 66,951 | $ | 110,948 | $ | 92,750 | $ | 325,565 | ||||||||||
| Net Income (Loss) Per Share: Basic |
$ | (0.16 | ) | $ | 0.17 | $ | 0.45 | $ | 0.32 | $ | 0.78 | |||||||||
| Net Income (Loss) Per Share: Diluted |
$ | (0.16 | ) | $ | 0.16 | $ | 0.43 | $ | 0.31 | $ | 0.75 | |||||||||
| (a) | Reconciliation of net income (loss) (a GAAP measure) to EBITDA and EBITDA to EBITDA excluding special items are provided as an appendix. |
Boise Inc.
Quarterly Statistical Information
| 2009 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
| Paper |
||||||||||||||||||||
| Commodity UFS Volume (short tons) |
205,770 | 209,022 | 220,115 | 208,713 | 843,620 | |||||||||||||||
| Premium and Specialty UFS Volume (short tons) |
97,399 | 105,570 | 104,761 | 99,866 | 407,596 | |||||||||||||||
| Market Pulp Volume (short tons) |
6,386 | 11,461 | 18,851 | 21,513 | 58,211 | |||||||||||||||
| Medium Volume (short tons) |
30,120 | 30,440 | 34,558 | 31,382 | 126,500 | |||||||||||||||
| Commodity UFS Mill Net Sales Price ($/short ton) |
$ | 949 | $ | 924 | $ | 908 | $ | 904 | $ | 921 | ||||||||||
| Premium and Specialty UFS Mill Net Sales Price ($/short ton) |
$ | 1,050 | $ | 1,026 | $ | 1,010 | $ | 1,000 | $ | 1,021 | ||||||||||
| Market Pulp Mill Net Sales Price ($/short ton) |
$ | 383 | $ | 357 | $ | 412 | $ | 495 | $ | 429 | ||||||||||
| Medium Mill Net Sales Price ($/short ton) |
$ | 469 | $ | 429 | $ | 403 | $ | 376 | $ | 418 | ||||||||||
| Depreciation & Amortization (000) |
$ | 21,346 | $ | 21,099 | $ | 21,171 | $ | 21,524 | $ | 85,140 | ||||||||||
| Capital Spending (000) |
$ | 9,091 | $ | 11,259 | $ | 14,557 | $ | 16,143 | $ | 51,050 | ||||||||||
| Packaging |
||||||||||||||||||||
| Linerboard Sales Volume (short tons) |
109,701 | 134,037 | 148,727 | 149,658 | 542,123 | |||||||||||||||
| Segment Linerboard Sales Volume (short tons) |
38,202 | 54,212 | 76,511 | 83,756 | 252,681 | |||||||||||||||
| Corrugated Containers and Sheets Sales Volume (mmsf) |
1,418 | 1,444 | 1,553 | 1,548 | 5,963 | |||||||||||||||
| Newsprint Sales Volume (short tons) |
60,120 | 28,190 | 52,463 | 58,085 | 198,858 | |||||||||||||||
| Linerboard Mill Net Sales Price ($/short ton) |
$ | 427 | $ | 383 | $ | 340 | $ | 333 | $ | 366 | ||||||||||
| Segment Linerboard Mill Net Sales Price ($/short ton) |
$ | 352 | $ | 302 | $ | 284 | $ | 293 | $ | 301 | ||||||||||
| Corrugated Containers and Sheets Net Sales Price ($/msf) |
$ | 60 | $ | 59 | $ | 58 | $ | 54 | $ | 58 | ||||||||||
| Newsprint Mill Net Sales Price ($/short ton) |
$ | 588 | $ | 434 | $ | 378 | $ | 411 | $ | 459 | ||||||||||
| Depreciation & Amortization (000) |
$ | 9,656 | $ | 10,778 | $ | 10,676 | $ | 11,122 | $ | 42,232 | ||||||||||
| Capital Spending (000) |
$ | 7,403 | $ | 6,465 | $ | 2,597 | $ | 6,622 | $ | 23,087 | ||||||||||
| Total Company |
||||||||||||||||||||
| EBITDA (000) (a) |
$ | 52,723 | $ | 130,633 | $ | 127,989 | $ | 84,335 | $ | 395,680 | ||||||||||
| EBITDA Excluding Special Items (000) (a) |
$ | 58,562 | $ | 52,961 | $ | 66,195 | $ | 54,385 | $ | 232,103 | ||||||||||
| Net Income (Loss) Per Share: Basic |
$ | (0.01 | ) | $ | 0.65 | $ | 0.61 | $ | 0.70 | $ | 1.96 | |||||||||
| Net Income (Loss) Per Share: Diluted |
$ | (0.01 | ) | $ | 0.60 | $ | 0.57 | $ | 0.66 | $ | 1.85 | |||||||||
| (a) | Reconciliation of net income (loss) (a GAAP measure) to EBITDA and EBITDA to EBITDA excluding special items are provided as an appendix. |
Boise Inc.
Quarterly Statistical Information
| 2008 | ||||||||||||||||||||||||||||
| Predecessor (a) | Boise Inc. | Combined | Boise Inc. | Combined | ||||||||||||||||||||||||
| Jan 1 - Feb 21 |
Feb 22 - Mar 31 |
Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||||||||
| Paper |
||||||||||||||||||||||||||||
| Commodity UFS Volume (short tons) |
164,330 | 100,138 | 264,468 | 223,707 | 229,964 | 214,741 | 932,880 | |||||||||||||||||||||
| Premium and Specialty UFS Volume (short tons) |
71,369 | 53,932 | 125,301 | 126,509 | 133,679 | 117,649 | 503,138 | |||||||||||||||||||||
| Market Pulp Volume (short tons) |
20,524 | 13,132 | 33,656 | 38,328 | 34,898 | 14,800 | 121,682 | |||||||||||||||||||||
| Medium Volume (short tons) |
18,904 | 14,838 | 33,742 | 34,980 | 34,681 | 33,418 | 136,821 | |||||||||||||||||||||
| Commodity UFS Mill Net Sales Price ($/short ton) |
$ | 840 | $ | 865 | $ | 849 | $ | 901 | $ | 930 | $ | 944 | $ | 903 | ||||||||||||||
| Premium and Specialty UFS Mill Net Sales Price ($/short ton) |
$ | 933 | $ | 936 | $ | 935 | $ | 966 | $ | 997 | $ | 1,015 | $ | 978 | ||||||||||||||
| Market Pulp Mill Net Sales Price ($/short ton) |
$ | 535 | $ | 568 | $ | 548 | $ | 543 | $ | 496 | $ | 421 | $ | 516 | ||||||||||||||
| Medium Mill Net Sales Price ($/short ton) |
$ | 454 | $ | 454 | $ | 454 | $ | 455 | $ | 484 | $ | 516 | $ | 477 | ||||||||||||||
| Depreciation & Amortization (000) (b) |
$ | 348 | $ | 7,120 | $ | 7,468 | $ | 18,942 | $ | 24,074 | $ | 21,525 | $ | 72,009 | ||||||||||||||
| Capital Spending (000) |
$ | 5,000 | $ | 2,536 | $ | 7,536 | $ | 11,671 | $ | 15,317 | $ | 13,232 | $ | 47,756 | ||||||||||||||
| Packaging |
||||||||||||||||||||||||||||
| Linerboard Sales Volume (short tons) |
83,538 | 30,521 | 114,059 | 137,329 | 137,915 | 140,169 | 529,472 | |||||||||||||||||||||
| Segment Linerboard Sales Volume (short tons) |
36,484 | 11,612 | 48,096 | 66,369 | 61,726 | 54,195 | 230,386 | |||||||||||||||||||||
| Corrugated Containers and Sheets Sales Volume (mmsf) |
914 | 640 | 1,554 | 1,562 | 1,616 | 1,519 | 6,251 | |||||||||||||||||||||
| Newsprint Sales Volume (short tons) |
56,358 | 29,315 | 85,673 | 105,175 | 97,150 | 94,324 | 382,322 | |||||||||||||||||||||
| Linerboard Mill Net Sales Price ($/short ton) |
$ | 423 | $ | 423 | $ | 423 | $ | 417 | $ | 429 | $ | 460 | $ | 433 | ||||||||||||||
| Segment Linerboard Mill Net Sales Price ($/short ton) |
$ | 399 | $ | 386 | $ | 396 | $ | 394 | $ | 392 | $ | 406 | $ | 397 | ||||||||||||||
| Corrugated Containers and Sheets Net Sales Price ($/msf) |
$ | 55 | $ | 56 | $ | 55 | $ | 56 | $ | 58 | $ | 61 | $ | 57 | ||||||||||||||
| Newsprint Mill Net Sales Price ($/short ton) |
$ | 494 | $ | 512 | $ | 500 | $ | 544 | $ | 594 | $ | 643 | $ | 571 | ||||||||||||||
| Depreciation & Amortization (000) (b) |
$ | 53 | $ | 5,213 | $ | 5,266 | $ | 12,995 | $ | 6,274 | $ | 10,585 | $ | 35,120 | ||||||||||||||
| Capital Spending (000) |
$ | 5,173 | $ | 7,392 | $ | 12,565 | $ | 13,066 | $ | 7,487 | $ | 15,553 | $ | 48,671 | ||||||||||||||
| Total Company |
||||||||||||||||||||||||||||
| EBITDA (000) (c) |
$ | 23,667 | $ | 2,613 | $ | 26,280 | $ | 40,110 | $ | 61,067 | $ | 41,356 | $ | 168,813 | ||||||||||||||
| EBITDA Excluding Special Items (000) (c) |
$ | 24,362 | $ | 28,745 | $ | 53,107 | $ | 40,143 | $ | 77,890 | $ | 75,984 | $ | 247,124 | ||||||||||||||
| Net Income (Loss) Per Share Basic and Diluted |
N/A | $ | (0.26 | ) | N/A | $ | (0.23 | ) | $ | 0.06 | $ | (0.20 | ) | N/A | ||||||||||||||
| (a) | This information was derived from information carved out of Boise Cascade Holdings, L.L.C. financial statements. |
| (b) | See appendix for the detail of the decreased depreciation and amortization costs for the Predecessor for the period January 1 through February 21, 2008. |
| (c) | Reconciliation of net income (loss) (a GAAP measure) to EBITDA and EBITDA to EBITDA excluding special items are provided as an appendix. |
Appendix
Other Financial Measures
(dollars in thousands)
EBITDA represents income (loss) before interest (change in fair value of interest rate derivatives, interest expense and interest income), income taxes, and depreciation, amortization, and depletion. The following table reconciles net income (loss) to EBITDA by quarter and year to date for 2010:
| 2010 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
| Net income (loss) |
$ | (12,685) | $ | 13,310 | $ | 35,923 | $ | 26,186 | $ | 62,734 | ||||||||||
| Change in fair value of interest rate derivatives |
29 | 13 | 1 | — | 43 | |||||||||||||||
| Interest expense |
16,445 | 16,165 | 16,099 | 16,073 | 64,782 | |||||||||||||||
| Interest income |
(37 | ) | (61 | ) | (105 | ) | (103 | ) | (306 | ) | ||||||||||
| Income tax provision (benefit) |
(6,622 | ) | 8,376 | 25,454 | 18,164 | 45,372 | ||||||||||||||
| Depreciation, amortization, and depletion |
32,131 | 32,267 | 32,457 | 33,071 | 129,926 | |||||||||||||||
| EBITDA |
$ | 29,261 | $ | 70,070 | $ | 109,829 | $ | 93,391 | $ | 302,551 | ||||||||||
|
The following table reconciles EBITDA to EBITDA excluding special items by quarter and year to date for 2010:
|
| |||||||||||||||||||
| 2010 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
| EBITDA |
$ | 29,261 | $ | 70,070 | $ | 109,829 | $ | 93,391 | $ | 302,551 | ||||||||||
| St. Helens mill restructuring |
128 | (434 | ) | 234 | 252 | 180 | ||||||||||||||
| Change in fair value of energy hedges |
3,330 | (2,713 | ) | 885 | (893 | ) | 609 | |||||||||||||
| Loss on extinguishment of debt |
22,197 | 28 | — | — | 22,225 | |||||||||||||||
| EBITDA excluding special items |
$ | 54,916 | $ | 66,951 | $ | 110,948 | $ | 92,750 | $ | 325,565 | ||||||||||
|
The following table reconciles net income (loss) to EBITDA by quarter and for the year ended December 31, 2009:
|
| |||||||||||||||||||
| 2009 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
| Net income (loss) |
$ | (916 | ) | $ | 50,883 | $ | 48,155 | $ | 55,720 | $ | 153,842 | |||||||||
| Change in fair value of interest rate derivatives |
132 | (627 | ) | (125 | ) | 52 | (568 | ) | ||||||||||||
| Interest expense |
22,154 | 21,389 | 21,436 | 18,284 | 83,263 | |||||||||||||||
| Interest income |
(54 | ) | (91 | ) | (130 | ) | (92 | ) | (367 | ) | ||||||||||
| Income tax provision (benefit) |
(565 | ) | 26,187 | 25,737 | (23,349 | ) | 28,010 | |||||||||||||
| Depreciation, amortization, and depletion |
31,972 | 32,892 | 32,916 | 33,720 | 131,500 | |||||||||||||||
| EBITDA |
$ | 52,723 | $ | 130,633 | $ | 127,989 | $ | 84,335 | $ | 395,680 | ||||||||||
|
The following table reconciles EBITDA to EBITDA excluding special items by quarter and for the year ended December 31, 2009:
|
| |||||||||||||||||||
| 2009 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||
| EBITDA |
$ | 52,723 | $ | 130,633 | $ | 127,989 | $ | 84,335 | $ | 395,680 | ||||||||||
| St. Helens mill restructuring |
3,648 | 1,133 | 1,402 | (378 | ) | 5,805 | ||||||||||||||
| Change in fair value of energy hedges |
2,191 | (3,468 | ) | (3,624 | ) | (976 | ) | (5,877 | ) | |||||||||||
| Alternative fuel mixture credits |
— | (75,337 | ) | (59,572 | ) | (72,698 | ) | (207,607 | ) | |||||||||||
| Loss on extinguishment of debt |
— | — | — | 44,102 | 44,102 | |||||||||||||||
| EBITDA excluding special items |
$ | 58,562 | $ | 52,961 | $ | 66,195 | $ | 54,385 | $ | 232,103 | ||||||||||
The following table reconciles net income (loss) to EBITDA for the Predecessor for the period of January 1 through February 21, 2008, for Boise Inc. for the three months ended March 31, 2008; June 30, 2008; September 30, 2008; and December 31, 2008, and for the combined three months ended March 31, 2008, and for the combined year ended December 31, 2008:
| 2008 | ||||||||||||||||||||||||||||
| Predecessor (a) | Boise Inc. | Combined | Boise Inc. | Combined | ||||||||||||||||||||||||
| Q1 | Q1 | Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||||||||
| Net income (loss) |
$ | 22,786 | $ | (16,371 | ) | $ | 6,415 | $ | (18,050 | ) | $ | 4,383 | $ | (15,485 | ) | $ | (22,737 | ) | ||||||||||
| Change in fair value of interest rate derivatives |
— | — | — | (510 | ) | 306 | 683 | 479 | ||||||||||||||||||||
| Interest expense |
2 | 11,435 | 11,437 | 26,145 | 27,484 | 26,156 | 91,222 | |||||||||||||||||||||
| Interest income |
(161 | ) | (1,821 | ) | (1,982 | ) | (178 | ) | (153 | ) | (94 | ) | (2,407 | ) | ||||||||||||||
| Income tax provision (benefit) |
563 | (3,377 | ) | (2,814 | ) | 14 | (2,379 | ) | (3,030 | ) | (8,209 | ) | ||||||||||||||||
| Depreciation, amortization, and depletion |
477 | 12,747 | 13,224 | 32,689 | 31,426 | 33,126 | 110,465 | |||||||||||||||||||||
| EBITDA |
$ | 23,667 | $ | 2,613 | $ | 26,280 | $ | 40,110 | $ | 61,067 | $ | 41,356 | $ | 168,813 | ||||||||||||||
The following table reconciles EBITDA to EBITDA excluding special items for the Predecessor for the period of January 1 through February 21, 2008, for Boise Inc. for the three months ended March 31, 2008, June 30, 2008, September 30, 2008, and December 31, 2008 and for the combined three months ended March 31, 2008, and for the combined year ended December 31, 2008:
| 2008 | ||||||||||||||||||||||||||||
| Predecessor (a) | Boise Inc. | Combined | Boise Inc. | Combined | ||||||||||||||||||||||||
| Q1 | Q1 | Q1 | Q2 | Q3 | Q4 | YTD | ||||||||||||||||||||||
| EBITDA |
$ | 23,667 | $ | 2,613 | $ | 26,280 | $ | 40,110 | $ | 61,067 | $ | 41,356 | $ | 168,813 | ||||||||||||||
| Impact of DeRidder outage |
732 | 19,776 | 20,508 | — | — | — | 20,508 | |||||||||||||||||||||
| Inventory revaluation expense |
— | 6,560 | 6,560 | 3,699 | — | — | 10,259 | |||||||||||||||||||||
| Change in fair value of energy hedges |
(37 | ) | (204 | ) | (241 | ) | (3,666 | ) | 11,341 | (26 | ) | 7,408 | ||||||||||||||||
| Hurricane losses |
— | — | — | — | 5,482 | — | 5,482 | |||||||||||||||||||||
| Gain on changes in supplemental pension plans |
— | — | — | — | — | (2,914 | ) | (2,914 | ) | |||||||||||||||||||
| St. Helens mill restructuring |
— | — | — | — | — | 37,568 | 37,568 | |||||||||||||||||||||
| EBITDA excluding special items |
$ | 24,362 | $ | 28,745 | $ | 53,107 | $ | 40,143 | $ | 77,890 | $ | 75,984 | $ | 247,124 | ||||||||||||||
| In September 2007, the Predecessor classified the assets in our Paper and Packaging segments as well as some of the assets in our Corporate and Other segment as “held for sale” and stopped depreciating and amortizing the assets. The decreased depreciation and amortization costs are listed below for the Predecessor for the period January 1 through February 21, 2008:
|
| |||||||||||||||||||||||||||
| 2008 | ||||||||||||||||||||||||||||
| Predecessor (a) | Boise Inc. | Combined | ||||||||||||||||||||||||||
| Q1 | Q1 | Q2 | Q3 | Q4 | YTD | |||||||||||||||||||||||
| Paper |
$ | 9,367 | $ | 9,367 | ||||||||||||||||||||||||
| Packaging |
6,919 | 6,919 | ||||||||||||||||||||||||||
| Corporate and Other |
256 | 256 | ||||||||||||||||||||||||||
| $ | 16,542 | $ | 16,542 | |||||||||||||||||||||||||
| The following tables reconcile total debt to net total debt by quarter for 2010 and 2009:
|
| |||||||||||||||||||
| 2010 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | |||||||||||||||||
| Short-term borrowings |
$ | — | $ | 3,536 | $ | — | $ | — | ||||||||||||
| Current portion of long-term debt |
16,663 | 29,163 | 37,500 | 43,750 | ||||||||||||||||
| Long-term debt, less current portion |
775,581 | 763,081 | 750,581 | 738,081 | ||||||||||||||||
| Total debt |
792,244 | 795,780 | 788,081 | 781,831 | ||||||||||||||||
| Less cash and cash equivalents and short-term investments |
(98,300 | ) | (138,668 | ) | (184,063 | ) | (177,454 | ) | ||||||||||||
| Net total debt |
$ | 693,944 | $ | 657,112 | $ | 604,018 | $ | 604,377 | ||||||||||||
| 2009 | ||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | |||||||||||||||||
| Current portion of long-term debt |
$ | 7,479 | $ | 14,890 | $ | 22,235 | $ | 30,711 | ||||||||||||
| Long-term debt, less current portion |
967,340 | 939,929 | 932,517 | 785,216 | ||||||||||||||||
| Notes payable |
69,229 | 71,955 | 74,788 | — | ||||||||||||||||
| Total debt |
1,044,048 | 1,026,774 | 1,029,540 | 815,927 | ||||||||||||||||
| Less cash and cash equivalents and short-term investments |
(27,510 | ) | (125,108 | ) | (247,614 | ) | (79,416 | ) | ||||||||||||
| Net total debt |
$ | 1,016,538 | $ | 901,666 | $ | 781,926 | $ | 736,511 | ||||||||||||
| (a) | Predecessor information was derived from information carved out of Boise Cascade Holdings, L.L.C. financial statements. |