BGP » Topics » Significant Contractual Obligations

This excerpt taken from the BGP 10-K filed Apr 1, 2009.
Significant Contractual Obligations
 
The following table summarizes the Company’s significant contractual obligations at January 31, 2009, excluding interest expense:
 
                                         
    Fiscal Year  
                      2014 and
       
(dollars in millions)   2009     2010-2011     2012-2013     Thereafter     Total  
 
Credit Agreement borrowings
  $ 286.7     $     $     $     $ 286.7  
Term Loan borrowings(1)
    42.5                         42.5  
Operating lease obligations
    310.9       562.0       518.6       1,248.7       2,640.2  
Capital lease obligations
    0.7       1.3                   2.0  
Debt of consolidated VIEs
    0.2       0.4       0.6       3.8       5.0  
Letters of credit
    32.9                         32.9  
Other borrowings
    0.3                         0.3  
                                         
Total
  $ 674.2     $ 563.7     $ 519.2     $ 1,252.5     $ 3,009.6  
                                         
 
 
(1) Subsequent to year-end, the maturity date of the term loan was extended to April 1, 2010.
 
The table above excludes any amounts related to the payment of uncertain tax positions as we cannot make a reasonably reliable estimate of the periods of cash settlements with the respective taxing authorities. Excluding interest and penalties, these uncertain tax positions total $23.5 million at January 31, 2009.
 
The table above excludes any amounts related to required interest payments on the Credit Agreement, which are expected to range from $15.2 million to $16.8 million in fiscal 2009. This range was developed using the interest rate in effect at January 31, 2009 and utilized estimates of the amount and timing of borrowings and payments. Currently, we are required to pay interest on Credit Agreement borrowings when various short-term tranches mature. At any given time we have multiple outstanding tranches with various principal amounts, interest rates and maturity dates. Due to these factors, as well as the uncertainty of future borrowing amounts and rates, we cannot make a reasonably reliable estimate of the cash required to pay interest on Credit Agreement borrowings in years beyond fiscal 2009. We paid $25.4 million and $35.6 million of interest on Credit Agreement borrowings in fiscal 2008 and 2007, respectively.


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The table above also excludes any amounts related to taxes, insurance and other charges payable under operating lease agreements, which are expected to range from $87.0 million to $96.2 million in fiscal 2009. This range was based on the historical trend of these expenses, as adjusted for store activity. Because of the future variability of these amounts, which are dependent on future store count and ongoing negotiations with our landlords, among other things, we cannot make a reasonably reliable estimate in years beyond fiscal 2009. We paid $93.5 million and $104.9 million related to these expenses in fiscal 2008 and 2007, respectively.
 
These excerpts taken from the BGP 10-K filed Apr 14, 2008.
Significant Contractual Obligations
 
The following table summarizes the Company’s significant contractual obligations at February 2, 2008, excluding interest expense:
 
                                         
    Fiscal Year  
                      2013 and
       
(dollars in millions)   2008     2009-2010     2011-2012     Thereafter     Total  
 
Credit Agreement borrowings
  $ 547.3     $     $     $     $ 547.3  
Operating lease obligations
    340.3       622.3       563.5       1,590.7       3,116.8  
Debt of consolidated VIEs
    0.2       0.4       0.5       4.1       5.2  
Other borrowings
    1.1       0.4                   1.5  
                                         
Total
  $ 888.9     $ 623.1     $ 564.0     $ 1,594.8     $ 3,670.8  
                                         
 
The table above excludes any amounts related to the payment of uncertain tax positions as the Company cannot make a reasonably reliable estimate of the periods of cash settlements with the respective taxing authorities. Excluding interest and penalties, these uncertain tax positions total $18.9 million at February 2, 2008.


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Significant
Contractual Obligations



 



The following table summarizes the Company’s significant
contractual obligations at February 2, 2008, excluding
interest expense:


 










































































































































































































































                                         

 

 

Fiscal Year


 

 

 

 

 

 

 

 

 

 

 

 

2013 and



 

 

 

 

(dollars in millions)


 

2008


 

 

2009-2010


 

 

2011-2012


 

 

Thereafter


 

 

Total


 
 


Credit Agreement borrowings


 

$

547.3

 

 

$



 

 

$



 

 

$



 

 

$

547.3

 


Operating lease obligations


 

 

340.3

 

 

 

622.3

 

 

 

563.5

 

 

 

1,590.7

 

 

 

3,116.8

 


Debt of consolidated VIEs


 

 

0.2

 

 

 

0.4

 

 

 

0.5

 

 

 

4.1

 

 

 

5.2

 


Other borrowings


 

 

1.1

 

 

 

0.4

 

 

 



 

 

 



 

 

 

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total


 

$

888.9

 

 

$

623.1

 

 

$

564.0

 

 

$

1,594.8

 

 

$

3,670.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 



The table above excludes any amounts related to the payment of
uncertain tax positions as the Company cannot make a reasonably
reliable estimate of the periods of cash settlements with the
respective taxing authorities. Excluding interest and penalties,
these uncertain tax positions total $18.9 million at
February 2, 2008.





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This excerpt taken from the BGP 10-K filed Mar 30, 2007.
Significant Contractual Obligations
 
The following table summarizes the Company’s significant contractual obligations, excluding interest expense:
 
                               
    Fiscal Year
                2012 and
   
(dollars in millions)   2007   2008-2009   2010-2011   Thereafter   Total
Credit Agreement borrowings
  $ 539.6   $   $   $   $ 539.6
Capital lease obligations
    0.4                 0.4
Operating lease obligations
    390.7     726.1     645.7     2,182.9     3,945.4
Debt of consolidated VIEs
    0.2     0.2     0.2     4.8     5.4
Other borrowings
    2.4                 2.4
                               
Total
  $ 933.3   $ 726.3   $ 645.9   $ 2,187.7   $ 4,493.2
                               


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Canetic Resources Trust (ECMV)
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