Exhibit 99.2
Boise Inc.
Quarterly Statistical Information
| | | | | | | | | | | | | | | | |
| | | 2009 |
| | | Boise Inc. |
| | | 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. |
Boise Inc.
Quarterly Statistical Information
| | | | | | | | | | | | | | | |
| | | 2007 |
| | | Predecessor (a) |
| | | Q1 | | Q2 | | Q3 | | Q4 | | YTD |
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) (b) | | $ | 16,573 | | $ | 16,113 | | $ | 12,027 | | $ | 248 | | $ | 44,961 |
Capital Spending (000) | | $ | 25,442 | | $ | 31,623 | | $ | 26,821 | | $ | 19,468 | | $ | 103,354 |
| | | | | |
Packaging | | | | | | | | | | | | | | | |
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) (c) | | $ | 375 | | $ | 379 | | $ | 385 | | $ | 407 | | $ | 387 |
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) (b) | | $ | 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) (d) | | $ | 53,612 | | $ | 47,877 | | $ | 74,298 | | $ | 70,523 | | $ | 246,310 |
| (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 three months ended September 30, 2007, and December 31, 2007, and for the year ended December 31, 2007. |
| (c) | Q4 and YTD segment linerboard mill net sales prices, not adjusted for accrued rebates, would have been $418/short ton and $389/short ton, respectively. |
| (d) | Reconciliation of net income (a GAAP measure) to EBITDA is 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, depreciation, amortization, and depletion. The following table reconciles net income (loss) to EBITDA by quarter and the year ended December 31, 2009:
| | | | | | | | | | | | | | | | | | | | |
| | | 2009 | |
| | | Boise Inc. | |
| | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | |
| | | | | |
Net income (loss) | | $ | (916 | ) | | $ | 50,883 | | | $ | 48,155 | | | $ | 55,720 | | | $ | 153,842 | |
Interest expense | | | 22,154 | | | | 21,389 | | | | 21,436 | | | | 18,284 | | | | 83,263 | |
Interest income | | | (54 | ) | | | (91 | ) | | | (130 | ) | | | (92 | ) | | | (367 | ) |
Change in fair value of interest rate derivatives | | | 132 | | | | (627 | ) | | | (125 | ) | | | 52 | | | | (568 | ) |
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 the year ended December 31, 2009:
| | | | | | | | | | | | | | | | | | | |
| | | 2009 | |
| | | Boise Inc. | |
| | | 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 | |
Impact 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 | |
| | | | | | | | | | | | | | | | | | | |
EBITDA represents income (loss) before interest (change in fair value of interest rate derivatives, interest expense and interest income), income taxes, depreciation, amortization, and depletion. 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 | ) |
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 | ) |
Change in fair value of interest rate derivatives | | | — | | | | — | | | | — | | | | (510 | ) | | | 306 | | | | 683 | | | | 479 | |
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 | |
Impact of energy derivatives | | | (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 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following table reconciles net income to EBITDA for the Predecessor 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 | |
| | | Predecessor (a) | |
| | | Q1 | | | Q2 | | | Q3 | | | Q4 | | | YTD | |
| | | | | |
Net income | | $ | 21,991 | | | $ | 16,535 | | | $ | 50,218 | | | $ | 70,847 | | | $ | 159,591 | |
Interest income | | | (128 | ) | | | (157 | ) | | | (190 | ) | | | (221 | ) | | | (696 | ) |
Income tax provision (benefit) | | | 978 | | | | 703 | | | | 1,301 | | | | (216 | ) | | | 2,766 | |
Depreciation, amortization, and depletion | | | 30,771 | | | | 30,796 | | | | 22,969 | | | | 113 | | | | 84,649 | |
| | | | | | | | | | | | | | | | | | | | |
EBITDA | | $ | 53,612 | | | $ | 47,877 | | | $ | 74,298 | | | $ | 70,523 | | | $ | 246,310 | |
| | | | | | | | | | | | | | | | | | | | |
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 decreased depreciation and amortization costs are listed below for the Predecessor for the three months ended September 30, 2007 and December 31, 2007, and for the year ended December 31, 2007:
| | | | | | | | | | | | | |
| | | 2007 |
| | | Predecessor (a) |
| | | Q1 | | Q2 | | Q3 | | Q4 | | YTD |
| | | | | |
Paper | | | | | | $ | 5,418 | | $ | 16,276 | | $ | 21,694 |
Packaging | | | | | | | 4,759 | | | 14,344 | | | 19,103 |
Corporate and Other | | | | | | | 224 | | | 804 | | | 1,028 |
| | | | | | | | | | | | | |
| | | | | | $ | 10,401 | | $ | 31,424 | | $ | 41,825 |
| | | | | | | | | | | | | |
The following tables reconcile total debt to net total debt by quarter for 2009 and 2008:
| | | | | | | | | | | | | | | | |
| | | 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 | |
| | | | | | | | | | | | | | | | |
| |
| | | 2008 | |
| | | Q1 | | | Q2 | | | Q3 | | | Q4 | |
| | | | |
Current portion of long-term debt | | $ | 11,000 | | | $ | 12,563 | | | $ | 14,125 | | | $ | 25,822 | |
Long-term debt, less current portion and notes payable | | | 1,019,700 | | | | 1,035,388 | | | | 1,031,075 | | | | 1,011,628 | |
Note payable to related party | | | 58,793 | | | | — | | | | — | | | | — | |
Notes payable | | | — | | | | 61,655 | | | | 64,083 | | | | 66,606 | |
| | | | | | | | | | | | | | | | |
Total debt | | | 1,089,493 | | | | 1,109,606 | | | | 1,109,283 | | | | 1,104,056 | |
Less cash and cash equivalents | | | (24,961 | ) | | | (21,125 | ) | | | (27,128 | ) | | | (22,518 | ) |
| | | | | | | | | | | | | | | | |
Net total debt | | $ | 1,064,532 | | | $ | 1,088,481 | | | $ | 1,082,155 | | | $ | 1,081,538 | |
| | | | | | | | | | | | | | | | |
| (a) | This information was derived from information carved out of Boise Cascade Holdings, L.L.C. financial statements. |
