Exhibit 99.1
Supplemental Historical Segment Financial Information of The ODP Corporation
Annual Results FY20 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 5,335 | $ | 3,578 | $ | 0 | $ | 6,344 | $ | (6,385 | ) | $ | 8,872 | |||||||||||
Cost of goods sold and occupancy costs | 3,958 | 3,115 | 0 | 6,255 | (6,407 | ) | 6,921 | |||||||||||||||||
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Gross profit | 1,377 | 463 | 0 | 89 | 22 | 1,951 | ||||||||||||||||||
Selling, general and administrative expenses | 1,060 | 412 | 0 | 61 | 128 | 1,661 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 182 | 182 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 102 | 102 | ||||||||||||||||||
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Operating income | $ | 317 | $ | 51 | $ | 0 | $ | 28 | $ | (390 | ) | $ | 6 | |||||||||||
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Q1 FY21 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,325 | $ | 855 | $ | 0 | $ | 1,516 | $ | (1,522 | ) | $ | 2,174 | |||||||||||
Cost of goods sold and occupancy costs | 965 | 747 | 1 | 1,494 | (1,528 | ) | 1,679 | |||||||||||||||||
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Gross profit | 360 | 108 | (1 | ) | 22 | 6 | 495 | |||||||||||||||||
Selling, general and administrative expenses | 252 | 105 | 4 | 15 | 25 | 401 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 12 | 12 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 13 | 13 | ||||||||||||||||||
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Operating income | $ | 108 | $ | 3 | $ | (5 | ) | $ | 7 | $ | (44 | ) | $ | 69 | ||||||||||
Q2 FY21 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,161 | $ | 914 | $ | 1 | $ | 1,473 | $ | (1,479 | ) | $ | 2,070 | |||||||||||
Cost of goods sold and occupancy costs | 876 | 793 | 1 | 1,451 | (1,483 | ) | 1,638 | |||||||||||||||||
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Gross profit | 285 | 121 | 0 | 22 | 4 | 432 | ||||||||||||||||||
Selling, general and administrative expenses | 235 | 103 | 6 | 14 | 32 | 390 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 1 | 1 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 11 | 11 | ||||||||||||||||||
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Operating income | $ | 50 | $ | 18 | $ | (6 | ) | $ | 8 | $ | (40 | ) | $ | 30 |
Q3 FY21 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,239 | $ | 947 | $ | 2 | $ | 1,528 | $ | (1,537 | ) | $ | 2,179 | |||||||||||
Cost of goods sold and occupancy costs | 894 | 814 | 2 | 1,507 | (1,542 | ) | 1,675 | |||||||||||||||||
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Gross profit | 345 | 133 | 0 | 21 | 5 | 504 | ||||||||||||||||||
Selling, general and administrative expenses | 237 | 99 | 10 | 14 | 22 | 382 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 5 | 5 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 13 | 13 | ||||||||||||||||||
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Operating income | $ | 108 | $ | 34 | $ | (10 | ) | $ | 7 | $ | (35 | ) | $ | 104 | ||||||||||
Q4 FY21 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,139 | $ | 910 | $ | 2 | $ | 1,474 | $ | (1,483 | ) | $ | 2,042 | |||||||||||
Cost of goods sold and occupancy costs | 854 | 790 | 1 | 1,454 | (1,489 | ) | 1,610 | |||||||||||||||||
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Gross profit | 285 | 120 | 1 | 20 | 6 | 432 | ||||||||||||||||||
Selling, general and administrative expenses | 226 | 102 | 14 | 13 | 30 | 385 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 2 | 2 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 14 | 14 | ||||||||||||||||||
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Operating income | $ | 59 | $ | 18 | $ | (13 | ) | $ | 7 | $ | (40 | ) | $ | 31 | ||||||||||
Annual Results FY21 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 4,864 | $ | 3,626 | $ | 5 | $ | 5,991 | $ | (6,021 | ) | $ | 8,465 | |||||||||||
Cost of goods sold and occupancy costs | 3,589 | 3,145 | 4 | 5,906 | (6,042 | ) | 6,602 | |||||||||||||||||
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Gross profit | 1,275 | 481 | 1 | 85 | 21 | 1,863 | ||||||||||||||||||
Selling, general and administrative expenses | 950 | 409 | 35 | 55 | 109 | 1,558 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 20 | 20 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 51 | 51 | ||||||||||||||||||
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Operating income | $ | 325 | $ | 72 | $ | (34 | ) | $ | 30 | $ | (159 | ) | $ | 234 |
Q1 FY22 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,201 | $ | 984 | $ | 2 | $ | 1,533 | $ | (1,542 | ) | $ | 2,178 | |||||||||||
Cost of goods sold and occupancy costs | 871 | 858 | 1 | 1,511 | (1,547 | ) | 1,694 | |||||||||||||||||
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Gross profit | 330 | 126 | 1 | 22 | 5 | 484 | ||||||||||||||||||
Selling, general and administrative expenses | 234 | 107 | 16 | 14 | 25 | 396 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 2 | 2 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 10 | 10 | ||||||||||||||||||
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Operating income | $ | 96 | $ | 19 | $ | (15 | ) | $ | 8 | $ | (32 | ) | $ | 76 | ||||||||||
Q2 FY22 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,039 | $ | 1,000 | $ | 1 | $ | 1,416 | $ | (1,422 | ) | $ | 2,034 | |||||||||||
Cost of goods sold and occupancy costs | 777 | 858 | 1 | 1,394 | (1,427 | ) | 1,603 | |||||||||||||||||
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Gross profit | 262 | 142 | 0 | 22 | 5 | 431 | ||||||||||||||||||
Selling, general and administrative expenses | 213 | 106 | 16 | 14 | 28 | 377 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 3 | 3 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 23 | 23 | ||||||||||||||||||
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Operating income | $ | 49 | $ | 36 | $ | (16 | ) | $ | 8 | $ | (49 | ) | $ | 28 | ||||||||||
Q3 FY22 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,143 | $ | 1,035 | $ | 2 | $ | 1,484 | $ | (1,492 | ) | $ | 2,172 | |||||||||||
Cost of goods sold and occupancy costs | 841 | 879 | 1 | 1,462 | (1,497 | ) | 1,686 | |||||||||||||||||
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Gross profit | 302 | 156 | 1 | 22 | 5 | 486 | ||||||||||||||||||
Selling, general and administrative expenses | 219 | 108 | 18 | 13 | 33 | 391 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 3 | 3 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 8 | 8 | ||||||||||||||||||
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Operating income | $ | 83 | $ | 48 | $ | (17 | ) | $ | 9 | $ | (39 | ) | $ | 84 |
Q4 FY22 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 1,104 | $ | 1,005 | $ | 2 | $ | 1,450 | $ | (1,455 | ) | $ | 2,106 | |||||||||||
Cost of goods sold and occupancy costs | 831 | 857 | 1 | 1,430 | (1,459 | ) | 1,660 | |||||||||||||||||
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Gross profit | 273 | 148 | 1 | 20 | 4 | 446 | ||||||||||||||||||
Selling, general and administrative expenses | 216 | 111 | 19 | 16 | 26 | 388 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 6 | 6 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | (3 | ) | (3 | ) | ||||||||||||||||
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Operating income | $ | 57 | $ | 37 | $ | (18 | ) | $ | 4 | $ | (25 | ) | $ | 55 | ||||||||||
Annual Results FY22 - Total US GAAP | Office Depot | ODP Business Solutions | Varis | Veyer | Corporate, Shared Services and Eliminations | Total | ||||||||||||||||||
Sales | $ | 4,487 | $ | 4,024 | $ | 7 | $ | 5,883 | $ | (5,910 | ) | $ | 8,491 | |||||||||||
Cost of goods sold and occupancy costs | 3,318 | 3,452 | 4 | 5,799 | (5,930 | ) | 6,643 | |||||||||||||||||
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Gross profit | 1,169 | 572 | 3 | 84 | 20 | 1,848 | ||||||||||||||||||
Selling, general and administrative expenses | 884 | 432 | 69 | 56 | 111 | 1,552 | ||||||||||||||||||
Asset impairments | 0 | 0 | 0 | 0 | 14 | 14 | ||||||||||||||||||
Merger, restructuring and other operating expenses, net | 0 | 0 | 0 | 0 | 39 | 39 | ||||||||||||||||||
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Operating income | $ | 285 | $ | 140 | $ | (66 | ) | $ | 28 | $ | (144 | ) | $ | 243 |
Amounts may not foot due to rounding. The sum of the quarterly amounts may not equal the reported amounts for the year due to rounding.