Exhibit 99.2
Boise Cascade Holdings, L.L.C.
Quarterly Statistical Information
| | 2008 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
Building Materials Distribution | | | | | | | | | | | |
Commodity Sales | | 44.5 | % | | | | | | | 44.5 | % |
EWP Sales | | 12.0 | % | | | | | | | 12.0 | % |
General Line Sales | | 43.5 | % | | | | | | | 43.5 | % |
Total Sales (millions) | | $ | 504 | | | | | | | | $ | 504 | |
Depreciation & Amortization (000) | | $ | 1,923 | | | | | | | | $ | 1,923 | |
Capital Spending (000) | | $ | 1,078 | | | | | | | | $ | 1,078 | |
| | | | | | | | | | | |
Wood Products | | | | | | | | | | | |
LVL Sales Volume (CCF) | | 19,378 | | | | | | | | 19,378 | |
I-joist Sales Volume (MELF) | | 29,236 | | | | | | | | 29,236 | |
Plywood Sales Volume (MSF 3/8”) | | 356,987 | | | | | | | | 356,987 | |
Segment Plywood Sales Volume (MSF 3/8”) | | 312,527 | | | | | | | | 312,527 | |
Veneer Sales Volume (MSF 3/8”) | | 126,341 | | | | | | | | 126,341 | |
Segment Veneer Net Sales Volume (MSF 3/8”) | | 1,574 | | | | | | | | 1,574 | |
Lumber Sales Volume (MBF) | | 49,551 | | | | | | | | 49,551 | |
Particleboard Sales Volume (MSF 3/4”) | | 26,530 | | | | | | | | 26,530 | |
LVL Mill Net Sales Price ($/CCF) | | $ | 1,619 | | | | | | | | $ | 1,619 | |
I-joist Mill Net Sales Price ($/MELF) | | $ | 970 | | | | | | | | $ | 970 | |
Plywood Net Sales Price ($/MSF 3/8”) | | $ | 255 | | | | | | | | $ | 255 | |
Segment Plywood Net Sales Price ($/MSF 3/8”) | | $ | 242 | | | | | | | | $ | 242 | |
Lumber Net Sales Price ($/MBF) | | $ | 387 | | | | | | | | $ | 387 | |
Particleboard Mill Net Sales Price ($/MSF 3/4”) | | $ | 343 | | | | | | | | $ | 343 | |
Depreciation & Amortization (000) | | $ | 7,534 | | | | | | | | $ | 7,534 | |
Capital Spending (000) | | $ | 6,325 | | | | | | | | $ | 6,325 | |
| | | | | | | | | | | |
Total Company | | | | | | | | | | | |
EBITDA (000)* | | $ | 10,589 | | | | | | | | $ | 10,589 | |
Net Debt (000)* | | $ | 129,834 | | | | | | | | $ | 129,834 | |
Net Debt to last 12 months EBITDA | | 0.5:1 | | | | | | | | 0.5:1 | |
*Reconciliation of net income (loss) (a GAAP measure) to EBITDA and total debt (a GAAP measure) to net debt are provided as an appendix.
Boise Cascade Holdings, L.L.C.
Quarterly Statistical Information
| | 2007 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
Building Materials Distribution | | | | | | | | | | | |
Commodity Sales | | 43.8 | % | 42.8 | % | 44.3 | % | 45.5 | % | 44.0 | % |
EWP Sales | | 14.7 | % | 15.3 | % | 14.8 | % | 13.8 | % | 14.7 | % |
General Line Sales | | 41.5 | % | 41.9 | % | 40.9 | % | 40.7 | % | 41.3 | % |
Total Sales (millions) | | $ | 609 | | $ | 724 | | $ | 687 | | $ | 545 | | $ | 2,564 | |
Depreciation & Amortization (000) | | $ | 1,876 | | $ | 1,860 | | $ | 1,825 | | $ | 1,812 | | $ | 7,373 | |
Capital Spending (000) | | $ | 9,676 | | $ | 2,025 | | $ | 2,591 | | $ | 3,837 | | $ | 18,129 | |
| | | | | | | | | | | |
Wood Products | | | | | | | | | | | |
LVL Sales Volume (CCF) | | 27,341 | | 32,130 | | 27,778 | | 19,195 | | 106,444 | |
I-joist Sales Volume (MELF) | | 47,220 | | 59,606 | | 47,924 | | 33,325 | | 188,075 | |
Plywood Sales Volume (MSF 3/8”) | | 383,561 | | 391,958 | | 388,940 | | 346,145 | | 1,510,604 | |
Segment Plywood Sales Volume (MSF 3/8”) | | 309,765 | | 299,871 | | 305,729 | | 307,468 | | 1,222,833 | |
Veneer Sales Volume (MSF 3/8”) | | 176,958 | | 193,045 | | 183,785 | | 161,019 | | 714,807 | |
Segment Veneer Net Sales Volume (MSF 3/8”) | | 15,419 | | 12,617 | | 7,073 | | 1,731 | | 36,840 | |
Lumber Sales Volume (MBF) | | 56,282 | | 62,756 | | 59,652 | | 52,475 | | 231,165 | |
Particleboard Sales Volume (MSF 3/4”) | | 37,134 | | 36,581 | | 39,772 | | 37,356 | | 150,843 | |
LVL Mill Net Sales Price ($/CCF) | | $ | 1,749 | | $ | 1,723 | | $ | 1,685 | | $ | 1,626 | | $ | 1,702 | |
I-joist Mill Net Sales Price ($/MELF) | | $ | 1,044 | | $ | 1,035 | | $ | 1,020 | | $ | 993 | | $ | 1,026 | |
Plywood Net Sales Price ($/MSF 3/8”) | | $ | 268 | | $ | 285 | | $ | 302 | | $ | 275 | | $ | 283 | |
Segment Plywood Net Sales Price ($/MSF 3/8”) | | $ | 244 | | $ | 262 | | $ | 287 | | $ | 263 | | $ | 264 | |
Lumber Net Sales Price ($/MBF) | | $ | 448 | | $ | 436 | | $ | 438 | | $ | 424 | | $ | 437 | |
Particleboard Mill Net Sales Price ($/MSF 3/4”) | | $ | 321 | | $ | 334 | | $ | 304 | | $ | 311 | | $ | 317 | |
Depreciation & Amortization (000) | | $ | 7,284 | | $ | 7,569 | | $ | 7,145 | | $ | 8,047 | | $ | 30,045 | |
Capital Spending (000) | | $ | 3,118 | | $ | 3,972 | | $ | 6,385 | | $ | 9,983 | | $ | 23,458 | |
| | | | | | | | | | | |
Paper | | | | | | | | | | | |
Commodity UFS Volume (short tons) | | 250,062 | | 258,014 | | 246,687 | | 239,835 | | 994,598 | |
Premium and Specialty UFS Volume (short tons) | | 129,914 | | 117,109 | | 116,371 | | 116,584 | | 479,978 | |
Market Pulp Volume (short tons) | | 23,733 | | 33,010 | | 43,904 | | 45,019 | | 145,666 | |
Medium Volume (short tons) | | 31,782 | | 33,944 | | 33,562 | | 34,872 | | 134,160 | |
Commodity UFS Mill Net Sales Price ($/short ton) | | $ | 818 | | $ | 828 | | $ | 848 | | $ | 850 | | $ | 836 | |
Premium and Specialty UFS Mill Net Sales Price ($/short ton) | | $ | 901 | | $ | 915 | | $ | 935 | | $ | 940 | | $ | 922 | |
Market Pulp Mill Net Sales Price ($/short ton) | | $ | 516 | | $ | 535 | | $ | 544 | | $ | 547 | | $ | 538 | |
Medium Mill Net Sales Price ($/short ton) | | $ | 423 | | $ | 422 | | $ | 432 | | $ | 464 | | $ | 435 | |
Depreciation & Amortization (000)* | | $ | 16,573 | | $ | 16,113 | | $ | 12,027 | | $ | 248 | | $ | 44,961 | |
Capital Spending (000) | | $ | 25,442 | | $ | 31,623 | | $ | 26,821 | | $ | 19,468 | | $ | 103,354 | |
| | | | | | | | | | | |
Packaging & Newsprint | | | | | | | | | | | |
Linerboard Sales Volume (short tons) | | 136,752 | | 141,289 | | 146,313 | | 145,952 | | 570,306 | |
Segment Linerboard Sales Volume (short tons) | | 65,381 | �� | 58,768 | | 58,778 | | 56,305 | | 239,232 | |
Corrugated Containers and Sheets Sales Volume (mmsf) | | 1,634 | | 1,653 | | 1,689 | | 1,633 | | 6,609 | |
Newsprint Sales Volume (short tons) | | 107,076 | | 102,039 | | 97,356 | | 108,172 | | 414,643 | |
Linerboard Mill Net Sales Price ($/short ton) | | $ | 396 | | $ | 403 | | $ | 412 | | $ | 438 | | $ | 413 | |
Segment Linerboard Mill Net Sales Price ($/short ton) | | $ | 375 | | $ | 379 | | $ | 385 | | $ | 418 | | $ | 389 | |
Corrugated Containers and Sheets Net Sales Price ($/msf) | | $ | 51 | | $ | 51 | | $ | 53 | | $ | 55 | | $ | 53 | |
Newsprint Mill Net Sales Price ($/short ton) | | $ | 524 | | $ | 494 | | $ | 468 | | $ | 468 | | $ | 489 | |
Depreciation & Amortization (000)* | | $ | 13,412 | | $ | 13,891 | | $ | 10,295 | | $ | 85 | | $ | 37,683 | |
Capital Spending (000) | | $ | 7,518 | | $ | 4,072 | | $ | 10,353 | | $ | 16,300 | | $ | 38,243 | |
| | | | | | | | | | | |
Total Company | | | | | | | | | | | |
EBITDA (000)** | | $ | 73,862 | | $ | 91,385 | | $ | 106,576 | | $ | 76,757 | | $ | 348,580 | |
Net Debt (000)** | | $ | 1,207,724 | | $ | 1,168,851 | | $ | 1,156,767 | | $ | 1,113,440 | | $ | 1,113,440 | |
Net Debt to last 12 months EBITDA | | 3.5:1 | | 3.5:1 | | 3.4:1 | | 3.2:1 | | 3.2:1 | |
*In September 2007, we classified the assets in our Paper and Packaging & Newsprint 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. See appendix for the detail of the decreased depreciation and amortization costs for the three months ended September 30, 2007, and December 31, 2007, and for the year ended December 31, 2007.
**Reconciliation of net income (a GAAP measure) to EBITDA and total debt (a GAAP measure) to net debt are provided as an appendix.
Boise Cascade Holdings, L.L.C.
Quarterly Statistical Information
| | 2006 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
Building Materials Distribution | | | | | | | | | | | |
Commodity Sales | | 48.9 | % | 44.9 | % | 43.4 | % | 43.5 | % | 45.2 | % |
EWP Sales | | 15.0 | % | 15.6 | % | 16.2 | % | 15.8 | % | 15.7 | % |
General Line Sales | | 36.1 | % | 39.5 | % | 40.4 | % | 40.7 | % | 39.1 | % |
Total Sales (millions) | | $ | 762 | | $ | 833 | | $ | 756 | | $ | 599 | | $ | 2,950 | |
Depreciation & Amortization (000) | | $ | 2,348 | | $ | 2,404 | | $ | 2,366 | | $ | 2,113 | | $ | 9,231 | |
Capital Spending (000) | | $ | 2,206 | | $ | 2,065 | | $ | 1,992 | | $ | 4,263 | | $ | 10,526 | |
| | | | | | | | | | | |
Wood Products | | | | | | | | | | | |
LVL Sales Volume (CCF) | | 35,429 | | 31,588 | | 31,847 | | 21,688 | | 120,552 | |
I-joist Sales Volume (MELF) | | 59,311 | | 63,395 | | 56,943 | | 39,281 | | 218,930 | |
Plywood Sales Volume (MSF 3/8”) | | 409,792 | | 428,436 | | 415,188 | | 361,471 | | 1,614,887 | |
Segment Plywood Sales Volume (MSF 3/8”) | | 314,821 | | 332,275 | | 316,433 | | 304,102 | | 1,267,631 | |
Veneer Sales Volume (MSF 3/8”) | | 181,792 | | 193,276 | | 178,063 | | 180,997 | | 734,128 | |
Segment Veneer Net Sales Volume (MSF 3/8”) | | 20,886 | | 13,376 | | 11,234 | | 11,128 | | 56,624 | |
Lumber Sales Volume (MBF) ^ | | 73,899 | | 76,576 | | 69,018 | | 57,148 | | 276,641 | |
Particleboard Sales Volume (MSF 3/4”) | | 37,526 | | 43,557 | | 44,864 | | 31,502 | | 157,449 | |
LVL Mill Net Sales Price ($/CCF) | | $ | 1,902 | | $ | 1,916 | | $ | 1,860 | | $ | 1,834 | | $ | 1,896 | |
I-joist Mill Net Sales Price ($/MELF) | | $ | 1,097 | | $ | 1,107 | | $ | 1,109 | | $ | 1,104 | | $ | 1,110 | |
Plywood Net Sales Price ($/MSF 3/8”) | | $ | 301 | | $ | 288 | | $ | 277 | | $ | 254 | | $ | 281 | |
Segment Plywood Net Sales Price ($/MSF 3/8”) | | $ | 278 | | $ | 264 | | $ | 248 | | $ | 232 | | $ | 256 | |
Lumber Net Sales Price ($/MBF) | | $ | 509 | | $ | 498 | | $ | 462 | | $ | 440 | | $ | 478 | |
Particleboard Mill Net Sales Price ($/MSF 3/4”) | | $ | 272 | | $ | 322 | | $ | 399 | | $ | 359 | | $ | 339 | |
Depreciation & Amortization (000) | | $ | 6,317 | | $ | 6,670 | | $ | 7,065 | | $ | 7,571 | | $ | 27,623 | |
Capital Spending (000) | | $ | 9,164 | | $ | 6,233 | | $ | 7,273 | | $ | 8,023 | | $ | 30,693 | |
| | | | | | | | | | | |
Paper | | | | | | | | | | | |
Commodity UFS Volume (short tons) | | 268,699 | | 261,273 | | 237,620 | | 231,170 | | 998,762 | |
Premium and Specialty UFS Volume (short tons) | | 124,471 | | 124,682 | | 124,901 | | 124,368 | | 498,422 | |
Market Pulp Volume (short tons) | | 35,103 | | 31,851 | | 20,193 | | 24,580 | | 111,727 | |
Medium Volume (short tons) | | 33,177 | | 33,698 | | 35,259 | | 30,336 | | 132,470 | |
Commodity UFS Mill Net Sales Price ($/short ton) | | $ | 697 | | $ | 753 | | $ | 807 | | $ | 824 | | $ | 767 | |
Premium and Specialty UFS Mill Net Sales Price ($/short ton) | | $ | 855 | | $ | 865 | | $ | 887 | | $ | 884 | | $ | 873 | |
Market Pulp Mill Net Sales Price ($/short ton) | | $ | 386 | | $ | 420 | | $ | 477 | | $ | 514 | | $ | 440 | |
Medium Mill Net Sales Price ($/short ton) | | $ | 343 | | $ | 388 | | $ | 418 | | $ | 419 | | $ | 392 | |
Depreciation & Amortization (000) | | $ | 14,617 | | $ | 15,453 | | $ | 15,711 | | $ | 16,550 | | $ | 62,331 | |
Capital Spending (000) | | $ | 17,439 | | $ | 20,446 | | $ | 20,060 | | $ | 27,530 | | $ | 85,475 | |
| | | | | | | | | | | |
Packaging & Newsprint | | | | | | | | | | | |
Linerboard Sales Volume (short tons) | | 130,324 | | 139,046 | | 144,777 | | 140,264 | | 554,411 | |
Segment Linerboard Sales Volume (short tons) | | 75,856 | | 62,050 | | 65,145 | | 63,414 | | 266,465 | |
Corrugated Containers and Sheets Sales Volume (mmsf) | | 1,504 | | 1,755 | | 1,705 | | 1,635 | | 6,599 | |
Newsprint Sales Volume (short tons) | | 100,595 | | 97,243 | | 108,689 | | 104,321 | | 410,848 | |
Linerboard Mill Net Sales Price ($/short ton) | | $ | 332 | | $ | 377 | | $ | 403 | | $ | 396 | | $ | 378 | |
Segment Linerboard Mill Net Sales Price ($/short ton) | | $ | 318 | | $ | 354 | | $ | 383 | | $ | 374 | | $ | 355 | |
Corrugated Containers and Sheets Net Sales Price ($/msf) | | $ | 47 | | $ | 49 | | $ | 52 | | $ | 52 | | $ | 50 | |
Newsprint Mill Net Sales Price ($/short ton) | | $ | 529 | | $ | 546 | | $ | 533 | | $ | 525 | | $ | 533 | |
Depreciation & Amortization (000) | | $ | 12,072 | | $ | 12,685 | | $ | 12,770 | | $ | 13,288 | | $ | 50,815 | |
Capital Spending (000)† | | $ | 7,047 | | $ | 5,116 | | $ | 3,812 | | $ | 7,566 | | $ | 23,541 | |
| | | | | | | | | | | |
Total Company | | | | | | | | | | | |
EBITDA (000)* | | $ | 69,416 | | $ | 97,634 | | $ | 103,747 | | $ | 68,339 | | $ | 339,136 | |
Net Debt (000)* | | $ | 1,319,854 | | $ | 1,265,081 | | $ | 1,199,024 | | $ | 1,171,931 | | $ | 1,171,931 | |
Net Debt to last 12 months EBITDA | | 3.7:1 | | 3.6:1 | | 3.5:1 | | 3.5:1 | | 3.5:1 | |
^ Jackson lumber sales volume included.
†Capital spending presented does not include the $42,609,000 cash paid for the purchase of the assets of Central Texas Corrugated in Waco, Texas.
*Reconciliation of net income (a GAAP measure) to EBITDA and total debt (a GAAP measure) to net debt are provided as an appendix.
Appendix
Reconciliation of Non-GAAP Financial Measures and Other Information
(000)
EBITDA represents income (loss) before interest (interest expense, interest income, and changes in fair value of interest rate swaps and contingent value rights), income taxes, depreciation, amortization, and depletion. The following table reconciles net loss to EBITDA for the three months ended March 31, 2008:
| | 2008 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Net loss | | $ | (24,438 | ) | | | | | | | $ | (24,438 | ) |
Change in fair value of contingent value rights | | 4,773 | | | | | | | | 4,773 | |
Change in the fair value of interest rate swaps | | 6,284 | | | | | | | | 6,284 | |
Interest expense | | 15,381 | | | | | | | | 15,381 | |
Interest income | | (2,601 | ) | | | | | | | (2,601 | ) |
Income tax provision | | 1,155 | | | | | | | | 1,155 | |
Depreciation, amortization, and depletion | | 10,035 | | | | | | | | 10,035 | |
EBITDA | | $ | 10,589 | | | | | | | | $ | 10,589 | |
The following table reconciles net income to EBITDA for the three months ended March 31, 2007, June 30, 2007, September 30, 2007, and December 31, 2007, and for the year ended December 31, 2007:
| | 2007 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Net income | | $ | 10,537 | | $ | 28,898 | | $ | 49,165 | | $ | 39,097 | | $ | 127,697 | |
Change in the fair value of interest rate swaps | | — | | (5,395 | ) | — | | 1,662 | | (3,733 | ) |
Interest expense | | 22,343 | | 24,352 | | 23,356 | | 26,751 | | 96,802 | |
Interest income | | (601 | ) | (642 | ) | (1,274 | ) | (1,566 | ) | (4,083 | ) |
Income tax provision | | 1,223 | | 3,450 | | 3,056 | | 259 | | 7,988 | |
Depreciation, amortization, and depletion | | 40,360 | | 40,722 | | 32,273 | | 10,554 | | 123,909 | |
EBITDA | | $ | 73,862 | | $ | 91,385 | | $ | 106,576 | | $ | 76,757 | | $ | 348,580 | |
The following table reconciles net income to EBITDA for the three months ended March 31, 2006, June 30, 2006, September 30, 2006, and December 31, 2006, and for the year ended December 31, 2006:
| | 2006 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Net income | | $ | 1,969 | | $ | 31,194 | | $ | 36,366 | | $ | 2,042 | | $ | 71,571 | |
Interest expense | | 30,176 | | 28,610 | | 28,400 | | 25,218 | | 112,404 | |
Interest income | | (604 | ) | (934 | ) | (909 | ) | (1,334 | ) | (3,781 | ) |
Income tax provision | | 1,218 | | 305 | | 616 | | 1,492 | | 3,631 | |
Depreciation, amortization, and depletion | | 36,657 | | 38,459 | | 39,274 | | 40,921 | | 155,311 | |
EBITDA | | $ | 69,416 | | $ | 97,634 | | $ | 103,747 | | $ | 68,339 | | $ | 339,136 | |
Appendix
Reconciliation of Non-GAAP Financial Measures and Other Information
(000)
Net debt includes long- and short-term debt owed to third parties, less cash and cash equivalents. It excludes restricted cash and a note payable to a related party. The following table reconciles total debt to net debt at March 31, 2008:
| | 2008 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Current portion long-term debt | | $ | 160,000 | | | | | | | | $ | 160,000 | |
Long-term debt, less current portion | | 304,224 | | | | | | | | 304,224 | |
Total debt | | 464,224 | | | | | | | | 464,224 | |
Less cash and cash equivalents | | (151,100 | ) | | | | | | | (151,100 | ) |
Less restricted cash | | (183,290 | ) | | | | | | | (183,290 | ) |
Net debt | | $ | 129,834 | | | | | | | | $ | 129,834 | |
The following table reconciles total debt to net debt at March 31, 2007, June 30, 2007, September 30, 2007, and December 31, 2007:
| | 2007 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Short-term borrowings | | $ | — | | $ | — | | $ | — | | $ | 10,500 | | $ | 10,500 | |
Current portion long-term debt | | — | | 5,250 | | 257,250 | | 47,250 | | 47,250 | |
Long-term debt, less current portion | | 1,273,900 | | 1,238,438 | | 1,165,125 | | 1,113,313 | | 1,113,313 | |
Total debt | | 1,273,900 | | 1,243,688 | | 1,422,375 | | 1,171,063 | | 1,171,063 | |
Less cash and cash equivalents | | (66,176 | ) | (74,837 | ) | (65,608 | ) | (57,623 | ) | (57,623 | ) |
Less restricted cash | | — | | — | | (200,000 | ) | — | | — | |
Net debt | | $ | 1,207,724 | | $ | 1,168,851 | | $ | 1,156,767 | | $ | 1,113,440 | | $ | 1,113,440 | |
The following table reconciles total debt to net debt at March 31, 2006, June 30, 2006, September 30, 2006, and December 31, 2006:
| | 2006 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Short-term borrowings | | $ | — | | $ | — | | $ | — | | $ | 3,200 | | $ | 3,200 | |
Long-term debt | | 1,458,200 | | 1,345,000 | | 1,258,900 | | 1,213,900 | | 1,213,900 | |
Note payable to related party, net | | 276,134 | | 278,637 | | 279,916 | | — | | — | |
Total debt | | 1,734,334 | | 1,623,637 | | 1,538,816 | | 1,217,100 | | 1,217,100 | |
Less note payable to related party, net | | (276,134 | ) | (278,637 | ) | (279,916 | ) | — | | — | |
Less cash and cash equivalents | | (138,346 | ) | (79,919 | ) | (59,876 | ) | (45,169 | ) | (45,169 | ) |
Net debt | | $ | 1,319,854 | | $ | 1,265,081 | | $ | 1,199,024 | | $ | 1,171,931 | | $ | 1,171,931 | |
In September 2007, we classified the assets in our Paper and Packaging & Newsprint 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 three months ended September 30, 2007, and December 31, 2007, and for the year ended December 31, 2007:
| | 2007 | |
| | Q1 | | Q2 | | Q3 | | Q4 | | YTD | |
| | | | | | | | | | | |
Paper | | $ | — | | $ | — | | $ | 5,418 | | $ | 16,276 | | $ | 21,694 | |
Packaging & Newsprint | | — | | — | | 4,759 | | 14,344 | | 19,103 | |
Corporate and Other | | — | | — | | 224 | | 804 | | 1,028 | |
| | $ | — | | $ | — | | $ | 10,401 | | $ | 31,424 | | $ | 41,825 | |
