Consolidated Statements of Cash Flows

Supplemental schedule of noncash investing and financing activities:

Capital lease obligations (excluding discontinued operations) in the amount of $7,975,000, $5,197,000, and $7,187,000 were incurred during fiscal 1998, 1997 and 1996, respectively.

During the year ended January 30, 1999, the Company acquired for a net cash purchase price of $28,770,000, 14 international product distributors. There were no pooling of interests transactions during fiscal 1998. During the eleven months ended January 31, 1998, the Company acquired for a net cash purchase price of $24,572,000 and approximately 14,895,000 shares of common stock, 16 domestic product distributors and 15 international product distributors. Included in the 16 domestic product distributors, is the acquisition of Data Documents, Incorporated ("DDI"), a provider of forms management services, custom business forms and pressure-sensitive labels for large corporate customers, for approximately 10,740,000 shares of common stock. There were no material pooling of interests transactions during fiscal 1997.

During fiscal 1996, the Company acquired, for a net cash purchase price of $241,846,000 and 5,542,000 shares of common stock, 77 office products distributors and 23 service companies. Of these 100 acquisitions, 86 were accounted for as purchases and 14 were accounted for as immaterial poolings of interest. In addition, the Company acquired UT and NIMSA, which were accounted for as a poolings of interests transactions, for 6,332,000 shares of common stock and 1,125,000 shares of common stock, respectively. In conjunction with the acquisitions, liabilities were assumed as follows:

During fiscal 1998, the Company paid $12,103,000 for liabilities related to prior period acquisitions. During the eleven months ended January 31, 1998, the Company paid $8,797,000 and issued 252,000 shares of common stock for liabilities related to prior period acquisitions including its purchase of the remaining 49% interest in Corporate Express United Kingdom. During fiscal 1996,the Company paid $11,695,000 for liabilities related to prior period acquisitions, $2,289,000 to dissenting shareholders of a pooled company, purchased a warehouse facility for 202,250 shares of common stock, and issued 107,207 shares of common stock to retire convertible debt of $1,449,400 previously issued by one of the Company's acquired subsidiaries.

Of the total cash paid for acquisitions, $640,000 was paid in fiscal 1997 and $17,970,000 was paid in fiscal 1996 by the same-day delivery business. Accordingly, these cash payments are shown in net cash (to) from discontinued operations.

The accompanying notes are an integral part of the consolidated financial statements.