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SEC FILINGS

SEC Filings

SEC Filings

Below you will find the complete list of SEC filings in keeping with all applicable government requirements for AbitibiBowater Inc., as well as for the former Abitibi-Consolidated and the former Bowater. Simply click on the document you wish to download.

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Click here to access SEC fillings for Abitibi-Consolidated.
Click here to access SEC fillings for Bowater.

ABITIBIBOWATER INC.ABITIBIBOWATER INC.2007030110-K1.37 MB16420
 

Item 6. Selected Financial Data
The following table presents summary historical consolidated financial information for each of the last five years. The selected financial information for 2006, 2005 and 2004 under the captions “Income Statement Data,” “Segment Sales Information” and “Financial Position” shown below has been derived from our audited Consolidated Financial Statements included in Item 8 of this Form 10-K. Prior year segment sales information has been recast to conform to our new reportable segments. See Note 25 to our Consolidated Financial Statements. This table should be read in conjunction with Items 7 and 8 of this Form 10-K. The data set forth below may not be indicative of Bowater’s future financial condition or results of operations (see Item 1A “Risk Factors”).
                                         
   
   
(In millions, except per-share amounts)   2006     2005     2004     2003     2002  
   
 
Income Statement Data
                                       
Sales
  $ 3,529.8     $ 3,483.8     $ 3,190.3     $ 2,721.1     $ 2,581.1  
Operating income (loss)(1)
    41.2       98.8       29.5       (100.9)       (95.7)  
Net loss
    (138.3)       (120.6)       (87.1)       (205.0)       (142.4)  
Diluted loss per common share
    (2.41)       (2.10)       (1.52)       (3.60)       (2.50)  
Dividends declared per common share(2)
    0.80       0.80       0.80       0.80       0.80  
 
Segment Sales Information
                                       
Coated papers
  $ 612.2     $ 625.3     $ 494.9     $ 384.0     $ 300.2  
Specialty papers
    569.7       476.8       409.5       342.4       312.9  
Newsprint(3)
    1,437.6       1,428.8       1,340.8       1,236.1       1,199.2  
Market pulp
    559.4       534.3       543.3       489.9       498.7  
Lumber
    331.6       385.1       370.2       237.1       243.5  
Other
    19.3       33.5       31.6       31.6       26.6  
 
 
  $ 3,529.8     $ 3,483.8     $ 3,190.3     $ 2,721.1     $ 2,581.1  
 
Financial Position
                                       
Timber and timberlands(4)
  $ 60.8     $ 85.4     $ 186.2     $ 184.1     $ 212.0  
Fixed assets, net
  $ 2,877.9     $ 3,049.1     $ 3,301.1     $ 3,557.3     $ 3,645.6  
Total assets
  $ 4,645.9     $ 5,152.4     $ 5,450.0     $ 5,615.8     $ 5,599.5  
Long-term debt, including current installments
  $ 2,266.5     $ 2,422.2     $ 2,441.9     $ 2,305.8     $ 2,121.7  
Total debt
  $ 2,266.5     $ 2,477.2     $ 2,514.9     $ 2,506.3     $ 2,370.7  
 
Additional Information
                                       
Return on average common equity
    (13.5) %   (8.9) %   (5.6) %   (12.2) %   (7.5) %
Cash flow from operations
  $ 182.3     $ 169.4     $ 122.5     $ 20.3     $ 41.2  
Cash invested in fixed assets, timber and timberlands
  $ 199.1     $ 167.4     $ 84.1     $ 216.3     $ 238.7  
Book value per common share
  $ 14.50     $ 21.19     $ 26.31     $ 28.25     $ 30.84  
Employees
    7,400       8,000       8,100       8,200       8,600  
 
(1)   Operating income (loss) includes a net gain on disposition of assets of $185.7 million, $65.8 million, $6.9 million, $124.0 million and $85.7 million for the years 2006, 2005, 2004, 2003 and 2002, respectively. Operating income (loss) for 2006, 2005 and 2002 includes impairment and other related charges of $252.5 million, $82.6 million and $28.5 million, respectively. Operating income includes a lumber duties refund of $92.5 million in 2006.
 
(2)   Dividends were declared quarterly.
 
(3)   Newsprint sales do not include shipments from Ponderay Newsprint Company, an unconsolidated subsidiary.
 
(4)   We sold approximately 535,200 acres, 29,900 acres, 3,200 acres, 90,500 acres and 124,700 acres of timberlands in 2006, 2005, 2004, 2003 and 2002, respectively, the proceeds from which was used to pay down our debt.

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100% of AbitibiBowater's managed forests are certified to independent, internationally recognized, sustainable forest management standards.