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Consolidating Guarantor and Nonguarantor Financial Information | 3 Months Ended
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Mar. 31, 2014
Consolidating Guarantor and Nonguarantor Financial Information [Abstract] |
Consolidating Guarantor and Nonguarantor Financial Information | Consolidating Guarantor and Nonguarantor Financial Information The following consolidating financial information presents the Statements of Comprehensive Income (Loss), Balance Sheets, and Cash Flows related to Boise Cascade. The Senior Notes are guaranteed fully and unconditionally and jointly and severally by each of our existing and future subsidiaries (other than our foreign subsidiaries). Each of our existing subsidiaries that is a guarantor of the Senior Notes is 100% owned by Boise Cascade. Other than the consolidated financial statements and footnotes for Boise Cascade and the consolidating financial information, financial statements and other disclosures concerning the guarantors have not been presented because management believes that such information is not material to investors. The reclassifications to net income from accumulated other comprehensive loss are recorded primarily in our guarantor subsidiaries. Furthermore, the cancellation provisions in the related indenture regarding guarantor subsidiaries are customary, and they do not include an arrangement that permits a guarantor subsidiary to opt out of the obligation prior to or during the term of the debt. Each guarantor subsidiary is automatically released from its obligations as a guarantor upon the sale of the subsidiary or substantially all of its assets to a third party, the designation of the subsidiary as an unrestricted subsidiary for purposes of the covenants included in the indenture, the release of the indebtedness under the indenture, or if the issuer exercises its legal defeasance option or the discharge of its obligations in accordance with the indenture governing the Senior Notes. Additionally, in accordance with the terms of the indenture governing the Senior Notes, the guarantee of BC Holdings was automatically released when Boise Cascade Company's common stock was registered under the Exchange Act and was listed on the NYSE in February 2013. On October 1, 2013, we entered into a supplemental indenture (Supplemental Indenture) with certain of our subsidiaries and U.S. Bank National Association, the trustee for our Senior Notes, to add Chester Wood Products LLC and Moncure Plywood LLC as guarantors of the Senior Notes. Entry into the Supplemental Indenture was consummated in connection with the Acquisition on September 30, 2013, as described in Note 5, Acquisitions. As such, Chester Wood Products LLC and Moncure Plywood LLC are included as guarantor subsidiaries in the consolidating guarantor and nonguarantor financial statements effective October 1, 2013. Boise Cascade Company and Subsidiaries Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2014 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | — |  |  | $ | 764,070 |  |  | $ | 3,110 |  |  | $ | — |  |  | $ | 767,180 |
Intercompany |  | — |  |  | — |  |  | 2,565 |  |  | (2,565 | ) |  | — |
|  | — |  |  | 764,070 |  |  | 5,675 |  |  | (2,565 | ) |  | 767,180 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Materials, labor, and other operating expenses (excluding depreciation) |  | — |  |  | 669,750 |  |  | 5,398 |  |  | (2,540 | ) |  | 672,608 |
Depreciation and amortization |  | 34 |  |  | 11,979 |  |  | 307 |  |  | — |  |  | 12,320 |
Selling and distribution expenses |  | — |  |  | 58,275 |  |  | 655 |  |  | — |  |  | 58,930 |
General and administrative expenses |  | 4,275 |  |  | 6,415 |  |  | — |  |  | (25 | ) |  | 10,665 |
Other (income) expense, net |  | 9 |  |  | (1,630 | ) |  | (279 | ) |  | — |  |  | (1,900 | )
|  | 4,318 |  |  | 744,789 |  |  | 6,081 |  |  | (2,565 | ) |  | 752,623 |
Income (loss) from operations |  | (4,318 | ) |  | 19,281 |  |  | (406 | ) |  | — |  |  | 14,557 |
Foreign currency exchange gain (loss) |  | (62 | ) |  | 9 |  |  | (36 | ) |  | — |  |  | (89 | )
Interest expense |  | (5,512 | ) |  | — |  |  | — |  |  | — |  |  | (5,512 | )
Interest income |  | 5 |  |  | 65 |  |  | — |  |  | — |  |  | 70 |
|  | (5,569 | ) |  | 74 |  |  | (36 | ) |  | — |  |  | (5,531 | )
Income (loss) before income taxes and equity in net income of affiliates |  | (9,887 | ) |  | 19,355 |  |  | (442 | ) |  | — |  |  | 9,026 |
Income tax (provision) benefit |  | (3,479 | ) |  | 18 |  |  | — |  |  | — |  |  | (3,461 | )
Income (loss) before equity in net income of affiliates |  | (13,366 | ) |  | 19,373 |  |  | (442 | ) |  | — |  |  | 5,565 |
Equity in net income of affiliates |  | 18,931 |  |  | — |  |  | — |  |  | (18,931 | ) |  | — |
Net income (loss) |  | 5,565 |  |  | 19,373 |  |  | (442 | ) |  | (18,931 | ) |  | 5,565 |
Other comprehensive income, net of tax |  |  |  |  |  |  |  |  |  |
Defined benefit pension plans |  |  |  |  |  |  |  |  |  |
Amortization of actuarial gain |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Other comprehensive loss, net of tax |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | )
Comprehensive income (loss) |  | $ | 5,561 |  |  | $ | 19,373 |  |  | $ | (442 | ) |  | $ | (18,931 | ) |  | $ | 5,561 |
Boise Cascade Company and Subsidiaries Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2013 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | — |  |  | $ | 742,383 |  |  | $ | 2,495 |  |  | $ | — |  |  | $ | 744,878 |
Intercompany |  | — |  |  | — |  |  | 2,638 |  |  | (2,638 | ) |  | — |
|  | — |  |  | 742,383 |  |  | 5,133 |  |  | (2,638 | ) |  | 744,878 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Materials, labor, and other operating expenses (excluding depreciation) |  | — |  |  | 641,587 |  |  | 5,970 |  |  | (2,710 | ) |  | 644,847 |
Depreciation and amortization |  | 46 |  |  | 8,124 |  |  | 307 |  |  | — |  |  | 8,477 |
Selling and distribution expenses |  | — |  |  | 56,372 |  |  | 632 |  |  | — |  |  | 57,004 |
General and administrative expenses |  | 4,103 |  |  | 5,871 |  |  | — |  |  | 72 |  |  | 10,046 |
Other (income) expense, net |  | 2 |  |  | 226 |  |  | (362 | ) |  | — |  |  | (134 | )
|  | 4,151 |  |  | 712,180 |  |  | 6,547 |  |  | (2,638 | ) |  | 720,240 |
Income (loss) from operations |  | (4,151 | ) |  | 30,203 |  |  | (1,414 | ) |  | — |  |  | 24,638 |
Foreign currency exchange loss |  | (30 | ) |  | (44 | ) |  | (6 | ) |  | — |  |  | (80 | )
Interest expense |  | (4,891 | ) |  | — |  |  | — |  |  | — |  |  | (4,891 | )
Interest income |  | 28 |  |  | 34 |  |  | — |  |  | — |  |  | 62 |
|  | (4,893 | ) |  | (10 | ) |  | (6 | ) |  | — |  |  | (4,909 | )
Income (loss) before income taxes and equity in net income of affiliates |  | (9,044 | ) |  | 30,193 |  |  | (1,420 | ) |  | — |  |  | 19,729 |
Income tax benefit |  | 61,107 |  |  | — |  |  | — |  |  | — |  |  | 61,107 |
Income (loss) before equity in net income of affiliates |  | 52,063 |  |  | 30,193 |  |  | (1,420 | ) |  | — |  |  | 80,836 |
Equity in net income of affiliates |  | 28,773 |  |  | — |  |  | — |  |  | (28,773 | ) |  | — |
Net income (loss) |  | 80,836 |  |  | 30,193 |  |  | (1,420 | ) |  | (28,773 | ) |  | 80,836 |
Other comprehensive income, net of tax |  |  |  |  |  |  |  |  |  |
Defined benefit pension plans |  |  |  |  |  |  |  |  |  |
Amortization of actuarial loss |  | 1,395 |  |  | — |  |  | — |  |  | — |  |  | 1,395 |
Amortization of prior service costs |  | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Other comprehensive income, net of tax |  | 1,409 |  |  | — |  |  | — |  |  | — |  |  | 1,409 |
Comprehensive income (loss) |  | $ | 82,245 |  |  | $ | 30,193 |  |  | $ | (1,420 | ) |  | $ | (28,773 | ) |  | $ | 82,245 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at March 31, 2014 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 85,940 |  |  | $ | 39 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 85,985 |
Receivables |  |  |  |  |  |  |  |  |  |  |
Trade, less allowances |  | 56 |  |  | 198,813 |  |  | 1,232 |  |  | — |  |  | 200,101 |
Related parties |  | — |  |  | 660 |  |  | — |  |  | — |  |  | 660 |
Other |  | 30 |  |  | 5,745 |  |  | 245 |  |  | — |  |  | 6,020 |
Inventories |  | — |  |  | 415,449 |  |  | 5,610 |  |  | — |  |  | 421,059 |
Deferred income taxes |  | 18,177 |  |  | — |  |  | 8 |  |  | — |  |  | 18,185 |
Prepaid expenses and other |  | 8,921 |  |  | 715 |  |  | 71 |  |  | — |  |  | 9,707 |
|  | 113,124 |  |  | 621,421 |  |  | 7,172 |  |  | — |  |  | 741,717 |
Property and equipment, net |  | 1,195 |  |  | 348,976 |  |  | 7,736 |  |  | — |  |  | 357,907 |
Timber deposits |  | — |  |  | 6,461 |  |  | — |  |  | — |  |  | 6,461 |
Deferred financing costs |  | 8,051 |  |  | — |  |  | — |  |  | — |  |  | 8,051 |
Goodwill |  | — |  |  | 21,823 |  |  | — |  |  | — |  |  | 21,823 |
Intangible assets, net |  | — |  |  | 10,253 |  |  | — |  |  | — |  |  | 10,253 |
Deferred income taxes |  | 85 |  |  | — |  |  | — |  |  | — |  |  | 85 |
Other assets |  | 36 |  |  | 8,174 |  |  | — |  |  | — |  |  | 8,210 |
Investments in affiliates |  | 778,471 |  |  | — |  |  | — |  |  | (778,471 | ) |  | — |
Total assets |  | $ | 900,962 |  |  | $ | 1,017,108 |  |  | $ | 14,908 |  |  | $ | (778,471 | ) |  | $ | 1,154,507 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at March 31, 2014 (continued) (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | 6,082 |  |  | $ | 190,552 |  |  | $ | 846 |  |  | $ | — |  |  | $ | 197,480 |
Related parties |  | — |  |  | 2,143 |  |  | — |  |  | — |  |  | 2,143 |
Accrued liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  |  |
Compensation and benefits |  | 20,347 |  |  | 27,174 |  |  | 397 |  |  | — |  |  | 47,918 |
Interest payable |  | 8,080 |  |  | — |  |  | — |  |  | — |  |  | 8,080 |
Other |  | 2,658 |  |  | 27,015 |  |  | 913 |  |  | — |  |  | 30,586 |
|  | 37,167 |  |  | 246,884 |  |  | 2,156 |  |  | — |  |  | 286,207 |
Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 301,565 |  |  | — |  |  | — |  |  | — |  |  | 301,565 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 93,125 |  |  | — |  |  | — |  |  | — |  |  | 93,125 |
Other long-term liabilities |  | 10,181 |  |  | 4,505 |  |  | — |  |  | — |  |  | 14,686 |
|  | 103,306 |  |  | 4,505 |  |  | — |  |  | — |  |  | 107,811 |
Commitments and contingent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock |  | 433 |  |  | — |  |  | — |  |  | — |  |  | 433 |
Treasury stock |  | (100,000 | ) |  | — |  |  | — |  |  | — |  |  | (100,000 | )
Additional paid-in capital |  | 497,474 |  |  | — |  |  | — |  |  | — |  |  | 497,474 |
Accumulated other comprehensive loss |  | (55,253 | ) |  | — |  |  | — |  |  | — |  |  | (55,253 | )
Retained earnings |  | 116,270 |  |  | — |  |  | — |  |  | — |  |  | 116,270 |
Subsidiary equity |  | — |  |  | 765,719 |  |  | 12,752 |  |  | (778,471 | ) |  | — |
Total stockholders' equity |  | 458,924 |  |  | 765,719 |  |  | 12,752 |  |  | (778,471 | ) |  | 458,924 |
Total liabilities and stockholders' equity |  | $ | 900,962 |  |  | $ | 1,017,108 |  |  | $ | 14,908 |  |  | $ | (778,471 | ) |  | $ | 1,154,507 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2013
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 118,198 |  |  | $ | 25 |  |  | $ | 26 |  |  | $ | — |  |  | $ | 118,249 |
Receivables |  |  |  |  |  |  |  |  |  |  |
Trade, less allowances |  | 13 |  |  | 151,225 |  |  | 1,002 |  |  | — |  |  | 152,240 |
Related parties |  | 17 |  |  | 566 |  |  | — |  |  | — |  |  | 583 |
Other |  | (30 | ) |  | 7,115 |  |  | 183 |  |  | — |  |  | 7,268 |
Inventories |  | (101 | ) |  | 379,012 |  |  | 4,448 |  |  | — |  |  | 383,359 |
Deferred income taxes |  | 18,143 |  |  | — |  |  | 8 |  |  | — |  |  | 18,151 |
Prepaid expenses and other |  | 2,819 |  |  | 4,983 |  |  | 53 |  |  | — |  |  | 7,855 |
|  | 139,059 |  |  | 542,926 |  |  | 5,720 |  |  | — |  |  | 687,705 |
Property and equipment, net |  | 1,113 |  |  | 351,838 |  |  | 8,034 |  |  | — |  |  | 360,985 |
Timber deposits |  | — |  |  | 6,266 |  |  | — |  |  | — |  |  | 6,266 |
Deferred financing costs |  | 8,334 |  |  | — |  |  | — |  |  | — |  |  | 8,334 |
Goodwill |  | — |  |  | 21,823 |  |  | — |  |  | — |  |  | 21,823 |
Intangible assets, net |  | — |  |  | 10,277 |  |  | — |  |  | — |  |  | 10,277 |
Deferred income taxes |  | 760 |  |  | — |  |  | — |  |  | — |  |  | 760 |
Other assets |  | 36 |  |  | 8,000 |  |  | — |  |  | — |  |  | 8,036 |
Investments in affiliates |  | 739,420 |  |  | — |  |  | — |  |  | (739,420 | ) |  | — |
Total assets |  | $ | 888,722 |  |  | $ | 941,130 |  |  | $ | 13,754 |  |  | $ | (739,420 | ) |  | $ | 1,104,186 |
Boise Cascade Company and Subsidiaries Consolidating Balance Sheets at December 31, 2013 (continued)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade |  | $ | 5,396 |  |  | $ | 133,724 |  |  | $ | 516 |  |  | $ | — |  |  | $ | 139,636 |
Related parties |  | 402 |  |  | 2,082 |  |  | — |  |  | — |  |  | 2,484 |
Accrued liabilities |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 17,262 |  |  | 42,784 |  |  | 481 |  |  | — |  |  | 60,527 |
Interest payable |  | 3,294 |  |  | — |  |  | — |  |  | — |  |  | 3,294 |
Other |  | 1,421 |  |  | 30,341 |  |  | 1,314 |  |  | — |  |  | 33,076 |
|  | 27,775 |  |  | 208,931 |  |  | 2,311 |  |  | — |  |  | 239,017 |
Debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 301,613 |  |  | — |  |  | — |  |  | — |  |  | 301,613 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation and benefits |  | 96,536 |  |  | — |  |  | — |  |  | — |  |  | 96,536 |
Other long-term liabilities |  | 10,317 |  |  | 4,222 |  |  | — |  |  | — |  |  | 14,539 |
|  | 106,853 |  |  | 4,222 |  |  | — |  |  | — |  |  | 111,075 |
Commitments and contingent liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Common stock |  | 432 |  |  | — |  |  | — |  |  | — |  |  | 432 |
Treasury stock |  | (100,000 | ) |  | — |  |  | — |  |  | — |  |  | (100,000 | )
Additional paid-in capital |  | 496,593 |  |  | — |  |  | — |  |  | — |  |  | 496,593 |
Accumulated other comprehensive loss |  | (55,249 | ) |  | — |  |  | — |  |  | — |  |  | (55,249 | )
Retained earnings |  | 110,705 |  |  | — |  |  | — |  |  | — |  |  | 110,705 |
Subsidiary equity |  | — |  |  | 727,977 |  |  | 11,443 |  |  | (739,420 | ) |  | — |
Total stockholders' equity |  | 452,481 |  |  | 727,977 |  |  | 11,443 |  |  | (739,420 | ) |  | 452,481 |
Total liabilities and stockholders' equity |  | $ | 888,722 |  |  | $ | 941,130 |  |  | $ | 13,754 |  |  | $ | (739,420 | ) |  | $ | 1,104,186 |
Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2014 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Cash provided by (used for) operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 5,565 |  |  | $ | 19,373 |  |  | $ | (442 | ) |  | $ | (18,931 | ) |  | $ | 5,565 |
Items in net income (loss) not using (providing) cash |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity in net income of affiliates |  | (18,931 | ) |  | — |  |  | — |  |  | 18,931 |  |  | — |
Depreciation and amortization, including deferred financing costs and other |  | 442 |  |  | 11,980 |  |  | 307 |  |  | — |  |  | 12,729 |
Stock-based compensation |  | 842 |  |  | — |  |  | — |  |  | — |  |  | 842 |
Pension expense |  | 278 |  |  | — |  |  | — |  |  | — |  |  | 278 |
Deferred income taxes |  | 643 |  |  | — |  |  | — |  |  | — |  |  | 643 |
Other |  | — |  |  | (1,908 | ) |  | — |  |  | — |  |  | (1,908 | )
Decrease (increase) in working capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Receivables |  | (103 | ) |  | (46,311 | ) |  | (293 | ) |  | — |  |  | (46,707 | )
Inventories |  | (101 | ) |  | (36,437 | ) |  | (1,162 | ) |  | — |  |  | (37,700 | )
Prepaid expenses and other |  | (6,531 | ) |  | 1,669 |  |  | (18 | ) |  | — |  |  | (4,880 | )
Accounts payable and accrued liabilities |  | 7,096 |  |  | 41,369 |  |  | (150 | ) |  | — |  |  | 48,315 |
Pension contributions |  | (390 | ) |  | — |  |  | — |  |  | — |  |  | (390 | )
Income taxes payable |  | 2,319 |  |  | — |  |  | (5 | ) |  | — |  |  | 2,314 |
Other |  | (2,806 | ) |  | (245 | ) |  | — |  |  | — |  |  | (3,051 | )
Net cash used for operations |  | (11,677 | ) |  | (10,510 | ) |  | (1,763 | ) |  | — |  |  | (23,950 | )
Cash provided by (used for) investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expenditures for property and equipment |  | (105 | ) |  | (12,425 | ) |  | (9 | ) |  | — |  |  | (12,539 | )
Proceeds from sales of assets |  | — |  |  | 4,520 |  |  | — |  |  | — |  |  | 4,520 |
Other |  | — |  |  | 60 |  |  | 1 |  |  | — |  |  | 61 |
Net cash used for investment |  | (105 | ) |  | (7,845 | ) |  | (8 | ) |  | — |  |  | (7,958 | )
Cash provided by (used for) financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issuances of long-term debt, including revolving credit facility |  | 13,000 |  |  | — |  |  | — |  |  | — |  |  | 13,000 |
Payments of long-term debt, including revolving credit facility |  | (13,000 | ) |  | — |  |  | — |  |  | — |  |  | (13,000 | )
Financing costs |  | (11 | ) |  | — |  |  | — |  |  | — |  |  | (11 | )
Other |  | (345 | ) |  | — |  |  | — |  |  | — |  |  | (345 | )
Due to (from) affiliates |  | (20,120 | ) |  | 18,369 |  |  | 1,751 |  |  | — |  |  | — |
Net cash provided by (used for) financing |  | (20,476 | ) |  | 18,369 |  |  | 1,751 |  |  | — |  |  | (356 | )
Net increase (decrease) in cash and cash equivalents |  | (32,258 | ) |  | 14 |  |  | (20 | ) |  | — |  |  | (32,264 | )
Balance at beginning of the period |  | 118,198 |  |  | 25 |  |  | 26 |  |  | — |  |  | 118,249 |
Balance at end of the period |  | $ | 85,940 |  |  | $ | 39 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 85,985 |
Boise Cascade Company and Subsidiaries Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2013 (unaudited)
|  | Boise Cascade Company (Parent) |  | Guarantor Subsidiaries |  | Non- guarantor Subsidiaries |  | Eliminations |  | Consolidated
|  | (thousands)
Cash provided by (used for) operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 80,836 |  |  | $ | 30,193 |  |  | $ | (1,420 | ) |  | $ | (28,773 | ) |  | $ | 80,836 |
Items in net income (loss) not using (providing) cash |  |  |  |  |  |  |  |  |  |  |
Equity in net income of affiliates |  | (28,773 | ) |  | — |  |  | — |  |  | 28,773 |  |  | — |
Depreciation and amortization, including deferred financing costs and other |  | 457 |  |  | 8,124 |  |  | 307 |  |  | — |  |  | 8,888 |
Stock-based compensation |  | 243 |  |  | — |  |  | — |  |  | — |  |  | 243 |
Pension expense |  | 2,726 |  |  | — |  |  | — |  |  | — |  |  | 2,726 |
Deferred income taxes |  | (68,018 | ) |  | — |  |  | — |  |  | — |  |  | (68,018 | )
Other |  | — |  |  | (232 | ) |  | — |  |  | — |  |  | (232 | )
Decrease (increase) in working capital |  |  |  |  |  |  |  |  |  |
Receivables |  | 274 |  |  | (68,680 | ) |  | (229 | ) |  | — |  |  | (68,635 | )
Inventories |  | — |  |  | (59,913 | ) |  | (1,384 | ) |  | — |  |  | (61,297 | )
Prepaid expenses and other |  | (1,734 | ) |  | 1,386 |  |  | (36 | ) |  | — |  |  | (384 | )
Accounts payable and accrued liabilities |  | (327 | ) |  | 54,531 |  |  | (411 | ) |  | — |  |  | 53,793 |
Pension contributions |  | (9,663 | ) |  | — |  |  | — |  |  | — |  |  | (9,663 | )
Income taxes payable |  | 6,772 |  |  | — |  |  | — |  |  | — |  |  | 6,772 |
Other |  | (1,709 | ) |  | (761 | ) |  | (2 | ) |  | — |  |  | (2,472 | )
Net cash used for operations |  | (18,916 | ) |  | (35,352 | ) |  | (3,175 | ) |  | — |  |  | (57,443 | )
Cash provided by (used for) investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expenditures for property and equipment |  | — |  |  | (5,336 | ) |  | 20 |  |  | — |  |  | (5,316 | )
Proceeds from sales of assets |  | — |  |  | 72 |  |  | 417 |  |  | — |  |  | 489 |
Other |  | 2 |  |  | 8 |  |  | 12 |  |  | — |  |  | 22 |
Net cash provided by (used for) investment |  | 2 |  |  | (5,256 | ) |  | 449 |  |  | — |  |  | (4,805 | )
Cash provided by (used for) financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net proceeds from issuance of common stock |  | 262,736 |  |  | — |  |  | — |  |  | — |  |  | 262,736 |
Issuances of long-term debt, including revolving credit facility |  | 55,000 |  |  | — |  |  | — |  |  | — |  |  | 55,000 |
Payments of long-term debt, including revolving credit facility |  | (80,000 | ) |  | — |  |  | — |  |  | — |  |  | (80,000 | )
Financing costs |  | (149 | ) |  | — |  |  | — |  |  | — |  |  | (149 | )
Due to (from) affiliates |  | (43,174 | ) |  | 40,607 |  |  | 2,567 |  |  | — |  |  | — |
Net cash provided by financing |  | 194,413 |  |  | 40,607 |  |  | 2,567 |  |  | — |  |  | 237,587 |
Net increase (decrease) in cash and cash equivalents |  | 175,499 |  |  | (1 | ) |  | (159 | ) |  | — |  |  | 175,339 |
Balance at beginning of the period |  | 45,680 |  |  | 35 |  |  | 178 |  |  | — |  |  | 45,893 |
Balance at end of the period |  | $ | 221,179 |  |  | $ | 34 |  |  | $ | 19 |  |  | $ | — |  |  | $ | 221,232 |

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- Definition Disclosure of selected consolidating financial statements of parent, guarantors and non-guarantors, including Consolidating Balance Sheets, Consolidating Statements of Income (Loss), and Consolidating Statements of Cash Flows. + References No definition available. + Details
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