-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F7QPEXgDoghZ6T+zcWZUqmokShAlZU2hFR6hb0FIOCc6d7ruingJH7Djoy4KLd6Z u96nQH7rmFSTtUAZ7wIOAg== 0000929624-01-500178.txt : 20010507 0000929624-01-500178.hdr.sgml : 20010507 ACCESSION NUMBER: 0000929624-01-500178 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010504 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHPOINT COMMUNICATIONS GROUP INC CENTRAL INDEX KEY: 0001080558 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 522147716 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-29828 FILM NUMBER: 1623391 BUSINESS ADDRESS: STREET 1: 5858 HORTON STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 BUSINESS PHONE: 4154034003 MAIL ADDRESS: STREET 1: 222 SUTTER STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94108 FORMER COMPANY: FORMER CONFORMED NAME: NORTHPOINT COMMUNICATIONS HOLDINGS INC DATE OF NAME CHANGE: 19990224 8-K 1 d8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 __________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): May 04, 2001 ------------ NorthPoint Communications Group, Inc. ------------------------------------------------------ (Exact Name of Registrant as Specified in Charter) Delaware 52-2147716 -------------- -------------------- (State or Other (IRS Employer Jurisdiction of Identification No.) Incorporation) 5858 Horton Street Emeryville, CA 94608 ------------------------------------ (Address of Principal Executive Offices) (510) 450-7300 --------------------------- (Registrant's telephone number, including area code) ITEM 5. Other Events. ------------- On May 04, 2001, NorthPoint Communications Group, Inc., NorthPoint Communications, Inc., NorthPoint Communications of Virginia, Inc. and NorthPoint International, Inc., debtors-in-possession, in chapter 11 cases No. 01-30127 (Jointly Administered), filed a monthly operating report for the month of March 2001 with the United States Bankruptcy Court for the Northern District of California, San Francisco division, a copy of which is filed herewith as Exhibit 99.1. The Company is filing this Current Report on Form 8-K, together with Exhibit 99.1, with the Securities and Exchange Commission. ITEM 7. Exhibits. --------- 7(c) Exhibits -------- * 99.1 Chapter 11 Monthly Operating Report for March 2001 filed by NorthPoint Communications Group, Inc., NorthPoint Communications, Inc., NorthPoint Communications of Virginia, Inc. and NorthPoint International, Inc., debtors-in- possession, in chapter 11 cases No. 01-30127 (Jointly Administered), filed with the United States Bankruptcy Court for the Northern District of California, San Francisco division. ___________________________ * Filed herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NorthPoint Communications Group, Inc. Date: May 04, 2001 By: [/s/ Gregg Orf] -------------------------------- Gregg Orf Controller EX-99.1 2 dex991.txt SCHEDULES TO THE BALANCE SHEET EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA In re: NorthPoint Communications, Inc., + Case No. 01-30126 TC a Delaware corporation + ---------------------- + + + CHAPTER 11 + MONTHLY OPERATING REPORT + (GENERAL BUSINESS CASE) - -------------------------------------------------------------------- SUMMARY OF FINANCIAL STATUS MONTH ENDED: Mar-01 PETITION DATE: 01/16/01 ------------- ---------------------- 1. Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here [_] the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in $1 -- 2. Asset and Liability Structure End of End of As of Current Month Prior Month Petition Filing ------------- ----------- --------------- a. Current Assets $35,528,497 $54,521,051 --------------------- --------------------- b. Total Assets $465,736,628 $489,947,216 $524,071,022 --------------------- --------------------- ---------------------- c. Current Liabilities $34,837,078 $15,278,075 --------------------- --------------------- d. Total Liabilities $666,077,487 $646,518,484 $621,758,467 --------------------- --------------------- ---------------------- 3. Statement of Cash Receipts & Disbursements Cumulative for Month Current Month Prior Month (Case to Date) ------------- ----------- ------------ a. Total Receipts $28,460,751 $17,816,760 $51,712,474 --------------------- --------------------- --------------------- b. Total Disbursements $35,921,873 $29,466,565 $82,794,284 --------------------- --------------------- --------------------- c. Excess (Deficiency) of Receipts Over Disbursements (a - b) ($7,461,122) ($11,649,805) ($31,081,810) --------------------- --------------------- --------------------- d. Cash Balance Beginning of Month $8,240,171 $19,889,976 $31,860,859 --------------------- --------------------- --------------------- e. Cash Balance End of Month (c + d) $779,049 $8,240,171 $779,049 --------------------- --------------------- --------------------- Cumulative Current Month Prior Month (Case to Date) ------------- --------------------- ------------ 4. Profit/(Loss) from the Statement of Operations ($44,110,461) ($35,633,969) ($98,455,158) --------------------- --------------------- -------------------- 5. Account Receivables (Pre and Post Petition) $15,885,031 $23,504,909 --------------------- --------------------- 6. Post-Petition Liabilities $34,837,078 $15,278,075 --------------------- --------------------- 7. Past Due Post-Petition Account Payables (over 30 days) $0 $0 --------------------- --------------------- At the end of this reporting month: Yes No --- -- 8. Have any payments been made on pre-petition debt, other than X payments in the normal course to secured creditors or lessors? ---------------------- ---------------------- (if yes, attach listing including date of payment, amount of payment and name of payee) 9. Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name X of payee) ---------------------- ---------------------- 10. If the answer is yes to 8 or 9, were all such payments approved X by the court? ---------------------- ---------------------- 11. Have any payments been made to officers, insiders, shareholders, relatives? (if yes, attach listing including date of payment, X amount and reason for payment, and name of payee) ---------------------- ---------------------- 12. Is the estate insured for replacement cost of assets and for X general liability? ---------------------- ---------------------- 13. Are a plan and disclosure statement on file? X ---------------------- ---------------------- 14. Was there any post-petition borrowing during this reporting period? X ---------------------- ---------------------- 15. Check if paid: Post-petition taxes X; U.S. Trustee Quarterly Fees N/A; -- --- Check if filing is current for: Post-petition tax reporting and tax returns: . ------- (Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.) I declare under penalty of perjury I have reviewed the above summary and attached financial statements, and after making reasonable inquiry believe these documents are correct. Date: May 5, 2001 /s/ Gregg Orf -------------------- -------------------------------------------------------------------------------- Responsible Individual Note: The numbers included in this Monthly Operating Report are unaudited and the listed market value represents the book value represents the book value of the assets and does not reflect any valuation adjustment from the proposed sale by the debtor and its affiliates of a majority of their assets to AT&T Corp.
STATEMENT OF OPERATIONS (General Business Case) For the Month Ended 03/31/01 --------------
Current Month - ---------------------------------------------------------------- Actual Forecast Variance ------ -------- -------- Revenues: $78,818 $78,818 1 Gross Sales - --------------------- ------------------- ------------------- $0 2 less: Sales Returns & Allowances - --------------------- ------------------- ------------------- $78,818 $0 $78,818 3 Net Sales - --------------------- ------------------- ------------------- $531,648 ($531,648) 4 less: Cost of Goods Sold (Schedule 'B') - --------------------- ------------------- ------------------- ($452,830) $0 ($452,830) 5 Gross Profit - --------------------- ------------------- ------------------- $7,804 $7,804 6 Interest - --------------------- ------------------- ------------------- $0 7 Other Income: - --------------------- ------------------- ------------------- ----------------------------- $0 8 - --------------------- ------------------- ------------------- -------------------------------------------------- $0 9 - --------------------- ------------------- ------------------- -------------------------------------------------- ($445,026) $0 ($445,026) 10 Total Revenues - --------------------- ------------------- ------------------- Expenses: $402,676 ($402,676) 11 Compensation to Owner(s)/Officer(s) - --------------------- ------------------- ------------------- $8,660,251 ($8,660,251) 12 Salaries - --------------------- ------------------- ------------------- $0 $0 13 Commissions - --------------------- ------------------- ------------------- $1,159,546 ($1,159,546) 14 Contract Labor - --------------------- ------------------- ------------------- Rent/Lease: $31,938 ($31,938) 15 Personal Property - --------------------- ------------------- ------------------- $121,758 ($121,758) 16 Real Property - --------------------- ------------------- ------------------- $97,051 ($97,051) 17 Insurance - --------------------- ------------------- ------------------- $0 18 Management Fees - --------------------- ------------------- ------------------- $9,146,708 ($9,146,708) 19 Depreciation - --------------------- ------------------- ------------------- Taxes: $683,262 ($683,262) 20 Employer Payroll Taxes - --------------------- ------------------- ------------------- $0 21 Real Property Taxes - --------------------- ------------------- ------------------- $0 22 Other Taxes - --------------------- ------------------- ------------------- ($648) $648 23 Other Selling - --------------------- ------------------- ------------------- $828,723 ($828,723) 24 Other Administrative - --------------------- ------------------- ------------------- $5,518,987 ($5,518,987) 25 Interest - --------------------- ------------------- ------------------- $1,264,013 ($1,264,013) 26 Other Expenses: - --------------------- ------------------- ------------------- ----------------------------- $14,738,296 ($14,738,296) 27 Monthly Network Expenses (non-inventory) - --------------------- ------------------- ------------------- -------------------------------------------------- $666,667 ($666,667) 28 Reserve for Doubtful Accounts - --------------------- ------------------- ------------------- -------------------------------------------------- $36,457 ($36,457) 29 Legal Fees - --------------------- ------------------- ------------------- -------------------------------------------------- $317,210 ($317,210) 30 Amortization of Deferred Stock Compensation - --------------------- ------------------- ------------------- -------------------------------------------------- $872,726 ($872,726) 31 Net loss on sale of assets and investments - --------------------- ------------------- ------------------- -------------------------------------------------- ($1,095,586) $1,095,586 32 Other (Income)/Expenses - --------------------- ------------------- ------------------- -------------------------------------------------- $0 33 - --------------------- ------------------- ------------------- -------------------------------------------------- $0 34 - --------------------- ------------------- ------------------- -------------------------------------------------- $43,450,035 $0 ($43,450,035) 35 Total Expenses - --------------------- ------------------- ------------------- ($43,895,061) $0 ($43,895,061) 36 Subtotal - --------------------- ------------------- ------------------- Reorganization Items: ($215,400) $215,400 37 Professional Fees - --------------------- ------------------- ------------------- $0 38 Provisions for Rejected Executory Contracts - --------------------- ------------------- ------------------- $0 39 Interest Earned on Accumulated Cash from - --------------------- ------------------- ------------------- Resulting Chp 11 Case $0 $0 40 Gain or (Loss) from Sale of Equipment - --------------------- ------------------- ------------------- $0 41 U.S. Trustee Quarterly Fees - --------------------- ------------------- ------------------- $0 42 - --------------------- ------------------- ------------------- -------------------------------------------------- ($215,400) $0 ($215,400) 43 Total Reorganization Items - --------------------- ------------------- ------------------- ($44,110,461) $0 ($44,110,461) 44 Net Profit (Loss) Before Federal & State Taxes - --------------------- ------------------- ------------------- $0 45 Federal & State Income Taxes - --------------------- ------------------- ------------------- ($44,110,461) $0 ($44,110,461) 46 Net Profit (Loss) ===================== =================== =================== Cumulative Next Month (Case to Date) Forecast -------------- -------- Revenues: 1 Gross Sales $13,652,651 ---------------------- ------------------- 2 less: Sales Returns & Allowances ---------------------- ------------------- 3 Net Sales $13,652,651 $0 ---------------------- ------------------- 4 less: Cost of Goods Sold (Schedule 'B') $2,058,246 ---------------------- ------------------- 5 Gross Profit $11,594,405 $0 ---------------------- ------------------- 6 Interest $73,912 ---------------------- ------------------- 7 Other Income: ----------------------------- ---------------------- ------------------- 8 -------------------------------------------------- ---------------------- ------------------- 9 -------------------------------------------------- ---------------------- ------------------- 10 Total Revenues $11,668,317 $0 ---------------------- ------------------- Expenses: 11 Compensation to Owner(s)/Officer(s) $732,259 ---------------------- ------------------- 12 Salaries $17,033,171 ---------------------- ------------------- 13 Commissions $55,683 ---------------------- ------------------- 14 Contract Labor $3,675,939 ---------------------- ------------------- 15 Rent/Lease: Personal Property $115,792 ---------------------- ------------------- 16 Real Property $904,243 ---------------------- ------------------- 17 Insurance $242,715 ---------------------- ------------------- 18 Management Fees $0 ---------------------- ------------------- 19 Depreciation $23,496,015 ---------------------- ------------------- 20 Taxes: Employer Payroll Taxes $1,467,227 ---------------------- ------------------- 21 Real Property Taxes $0 ---------------------- ------------------- 22 Other Taxes $0 ---------------------- ------------------- 23 Other Selling $88,916 ---------------------- ------------------- 24 Other Administrative $2,799,514 ---------------------- ------------------- 25 Interest $13,051,556 ---------------------- ------------------- 26 Other Expenses: $2,317,928 ----------------------------- ---------------------- ------------------- 27 Monthly Network Expenses (non-inventory) $38,132,551 -------------------------------------------------- ---------------------- ------------------- 28 Reserve for Doubtful Accounts $1,655,915 -------------------------------------------------- ---------------------- ------------------- 29 Legal Fees $1,351,293 -------------------------------------------------- ---------------------- ------------------- 30 Amortization of Deferred Stock Compensation $734,182 -------------------------------------------------- ---------------------- ------------------- 31 Net loss on sale of assets and investments $2,235,627 -------------------------------------------------- ---------------------- ------------------- 32 Other (Income)/Expenses ($1,095,586) -------------------------------------------------- ---------------------- ------------------- 33 -------------------------------------------------- ---------------------- ------------------- 34 -------------------------------------------------- ---------------------- ------------------- 35 Total Expenses $108,994,940 $0 ---------------------- ------------------- 36 Subtotal ($97,326,623) $0 ---------------------- ------------------- 37 Reorganization Items: Professional Fees ($1,128,535) ---------------------- ------------------- 38 Provisions for Rejected Executory Contracts ---------------------- ------------------- 39 Interest Earned on Accumulated Cash from Resulting Chp 11 Case ---------------------- ------------------- 40 Gain or (Loss) from Sale of Equipment $0 ---------------------- ------------------- 41 U.S. Trustee Quarterly Fees ---------------------- ------------------- 42 -------------------------------------------------- ---------------------- ------------------- 43 Total Reorganization Items ($1,128,535) $0 ---------------------- ------------------- 44 Net Profit (Loss) Before Federal & State Taxes ($98,455,158) $0 ---------------------- ------------------- 45 Federal & State Income Taxes ---------------------- ------------------- 46 Net Profit (Loss) ($98,455,158) $0 ====================== ===================
Attach an Explanation of Variance to Statement of Operations (For variances greater than +/- 10% only): BALANCE SHEET (General Business Case) For the Month Ended 03/31/01 -------------
Assets From Schedules Market Value Current Assets -------------- ------------ 1 Cash and cash equivalents - unrestricted $0 --------------------------- 2 Cash and cash equivalents - restricted $779,049 --------------------------- 3 Accounts receivable (net) A $15,885,031 --------------------------- 4 Inventory B $3,341,207 --------------------------- 5 Prepaid expenses $15,523,210 --------------------------- 6 Professional retainers $0 --------------------------- 7 Other: ------------------------------------------------------ --------------------------- 8 -------------------------------------------------------------- --------------------------- 9 Total Current Assets $35,528,497 --------------------------- Property and Equipment (Market Value) 10 Real property C $0 --------------------------- 11 Machinery and equipment D $212,218,504 --------------------------- 12 Furniture and fixtures D $3,307,936 --------------------------- 13 Office equipment D $27,460,979 --------------------------- 14 Leasehold improvements D $12,948,080 --------------------------- 15 Vehicles D $0 --------------------------- 16 Other: D ------------------------------------------------------ --------------------------- 17 Collocation Space and Improvements D $90,491,884 -------------------------------------------------------------- --------------------------- 18 Software D $61,971,094 -------------------------------------------------------------- --------------------------- 19 Capital Lease Assets D $5,863,748 -------------------------------------------------------------- --------------------------- 20 Work-In-Process D $15,557,602 -------------------------------------------------------------- --------------------------- 21 Total Property and Equipment $429,819,827 --------------------------- Other Assets 22 Loans to shareholders --------------------------- 23 Loans to affiliates --------------------------- 24 Investments $0 -------------------------------------------------------------- --------------------------- 25 Deposits $388,304 -------------------------------------------------------------- --------------------------- 26 -------------------------------------------------------------- --------------------------- 27 -------------------------------------------------------------- --------------------------- 28 Total Other Assets $388,304 --------------------------- 29 Total Assets $465,736,628 ===========================
NOTE: Indicate the method used to estimate the market value of assets (e.g., appraisals; familiarity with comparable market prices, etc.) and the date the value was determined. Liabilities and Equity (General Business Case)
Liabilities From Schedules Post-Petition From Schedules Market Value Current Liabilities -------------- ------------ 30 Salaries and wages $0 --------------------------- 31 Payroll taxes --------------------------- 32 Real and personal property taxes --------------------------- 33 Income taxes --------------------------- 34 Sales taxes --------------------------- 35 Notes payable (short term) --------------------------- 36 Accounts payable (trade) A $5,117,552 --------------------------- 37 Real property lease arrearage --------------------------- 38 Personal property lease arrearage --------------------------- 39 Accrued professional fees --------------------------- 40 Current portion of long-term post-petition debt (due within 12 months) $18,319,693 --------------------------- 41 Other: ------------------------------------------- --------------------------- 42 Accrued interest $11,399,833 ------------------------------------------------------ --------------------------- 43 ------------------------------------------------------ --------------------------- 44 Total Current Liabilities $34,837,078 --------------------------- 45 Long-Term Post-Petition Debt, Net of Current Portion --------------------------- 46 Total Post-Petition Liabilities $34,837,078 --------------------------- Pre-Petition Liabilities (allowed amount) 47 Secured claims F $90,519,924 --------------------------- 48 Priority unsecured claims F $2,959,312 --------------------------- 49 General unsecured claims F $537,761,173 --------------------------- 50 Total Pre-Petition Liabilities $631,240,409 --------------------------- 51 Total Liabilities $666,077,487 --------------------------- Equity (Deficit) 52 Retained Earnings/(Deficit) at time of filing ($788,371,758) --------------------------- 53 Capital Stock $134,524 --------------------------- 54 Additional paid-in capital $688,478,048 --------------------------- 55 Cumulative profit/(loss) since filing of case ($98,455,158) --------------------------- 56 Post-petition contributions/(distributions) or (draws) --------------------------- 57 Warrants, Def. Comp. and Other Comprehensive Income and Debt Disc. ($2,126,515) ------------------------------------------------------------------ --------------------------- 58 Market value adjustment --------------------------- 59 Total Equity (Deficit) ($200,340,859) --------------------------- 60 Total Liabilities and Equity (Deficit) $465,736,628 ===========================
SCHEDULES TO THE BALANCE SHEET (General Business Case) Schedule A Accounts Receivable and (Net) Payable
Accounts Receivable Accounts Payable Past Due Receivables and Payables Agings [Pre and Post Petition] [Post Petition] Post Petition Debt - ------------------------------- -------------------------- -------------------- ----------------------- 0 -30 Days $3,989,592 $5,117,552 -------------------------- -------------------- 31-60 Days $8,293,671 -------------------------- -------------------- 61-90 Days $7,442,175 $0 -------------------------- -------------------- ----------------------- 91+ Days $28,619,385 -------------------------- -------------------- Total accounts receivable/payable $48,344,823 $5,117,552 -------------------------- ==================== Allowance for doubtful accounts $32,459,792 -------------------------- Accounts receivable (net) $15,885,031 ==========================
Schedule B Inventory/Cost of Goods Sold
Types and Amount of Inventory(ies) Cost of Goods Sold - ---------------------------------- ------------------ Inventory(ies) Balance at End of Month Inventory Beginning of Month $3,455,640 -------------- ---------------------- Add - Retail/Restaurants - Net purchase $417,215 Product for resale ---------------------- ------------------------------ Direct labor ---------------------- Manufacturing overhead Distribution - ---------------------- Freight in Products for resale $3,341,207 ---------------------- ------------------------------ Other: ---------------------- Manufacturer - ---------------------------- ---------------------- Raw Materials ---------------------------- ---------------------- ------------------------------ Work-in-progress ------------------------------ Less - Finished goods ------------------------------ Inventory End of Month $3,341,207 ---------------------- Other - Explain Shrinkage ------------------------------ ---------------------- Personal Use -------------------------- ---------------------- -------------------------- TOTAL $3,341,207 Cost of Goods Sold $531,648 ============================== ====================== Method of Inventory Control Inventory Valuation Methods --------------------------- --------------------------- Do you have a functioning perpetual inventory system? Indicate by a checkmark method of inventory used. Yes No X ------ ------- Valuation methods - How often do you take a complete physical inventory? FIFO cost X Weekly --- ------- LIFO cost Monthly --- ------- Lower of cost or market Quarterly --- ------- Retail method Semi-annually --- ------- Other Annually X --- ------- Explain Date of last physical inventory was 12/31/00 0:00 ------------------------ ---------------------------------------------------- ---------------------------------------------------- Date of next physical inventory is 12/31/01 0:00 ------------------------ ----------------------------------------------------
Schedule C Real Property
Description Cost Market Value -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- Total $0 $0 ==================== =========================
Schedule D Other Depreciable Assets
Description Cost Market Value -------------------- ------------------------- Machinery & Equipment - Network Equipment $275,763,123 $212,218,504 ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- Total $275,763,123 $212,218,504 ==================== ========================= Furniture & Fixtures - Furniture & Fixtures $5,237,330 $3,307,936 ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- Total $5,237,330 $3,307,936 ==================== ========================= Office Equipment - Office Equipment $4,405,454 $3,031,528 ---------------------------------------------------------- -------------------- ------------------------- Computers $31,081,945 $24,429,451 ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- Total $35,487,399 $27,460,979 ==================== ========================= Leasehold Improvements - Leasehold Improvements $15,121,448 $12,948,080 ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- Total $15,121,448 $12,948,080 ==================== ========================= Vehicles - ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- ---------------------------------------------------------- -------------------- ------------------------- Total $0 $0 ==================== =========================
Schedule E Aging of Post-Petition Taxes (As of End of the Current Reporting Period)
Taxes Payable 0-30 Days 31-60 Days 61-90 Days 91+ Days Total ------------------ ------------------ ----------------- ---------------- ---------------- Federal Income Tax Withholding $0 ------------------ ------------------ ----------------- ---------------- ---------------- FICA - Employee $0 ------------------ ------------------ ----------------- ---------------- ---------------- FICA - Employer $0 ------------------ ------------------ ----------------- ---------------- ---------------- Unemployment (FUTA) $0 ------------------ ------------------ ----------------- ---------------- ---------------- Income $0 ------------------ ------------------ ----------------- ---------------- ---------------- Other (Attach List) $0 ------------------ ------------------ ----------------- ---------------- ---------------- Total Federal Taxes $0 $0 $0 $0 $0 ------------------ ------------------ ----------------- ---------------- ---------------- State and Local Income Tax Withholding $0 ------------------ ------------------ ----------------- ---------------- ---------------- Unemployment (UT) $0 ------------------ ------------------ ----------------- ---------------- ---------------- Disability Insurance (DI) $0 ------------------ ------------------ ----------------- ---------------- ---------------- Empl. Training Tax (ETT) $0 ------------------ ------------------ ----------------- ---------------- ---------------- Sales $0 ------------------ ------------------ ----------------- ---------------- ---------------- Excise $0 ------------------ ------------------ ----------------- ---------------- ---------------- Real property $0 ------------------ ------------------ ----------------- ---------------- ---------------- Personal property $0 ------------------ ------------------ ----------------- ---------------- ---------------- Income $0 ------------------ ------------------ ----------------- ---------------- ---------------- Other (Attach List) $0 ------------------ ------------------ ----------------- ---------------- ---------------- Total State & Local Taxes $0 $0 $0 $0 $0 ------------------ ------------------ ----------------- ---------------- ---------------- Total Taxes $0 $0 $0 $0 $0 ================== ================== ================= ================ ================
Schedule F Pre-Petition Liabilities
Claimed Allowed List Total Claims For Each Classification - Amount Amount (b) - ------------------------------------------- ----------------- ---------------- Secured claims (a) $90,519,924 $90,519,924 ----------------- ---------------- Priority claims other than taxes $2,931,519 $2,931,519 ----------------- ---------------- Priority tax claims $27,793 $27,793 ----------------- ---------------- General unsecured claims $537,761,173 $537,761,173 ----------------- ---------------- (a) List total amount of claims even if under secured. (b) Estimated amount of claim to be allowed after compromise or litigation. As an example, you are a defendant in a lawsuit alleging damage of $10,000,000 and a proof of claim is filed in that amount. You believe that you can settle the case for a claim of $3,000,000. For Schedule F reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount.
Schedule G Rental Income Information Not applicable to General Business Cases Schedule H Recapitulation of Funds Held at End of Month
Account 1 Account 2 Account 3 Account 4 ------------------ ------------------ ----------------- ---------------- Bank Union Bank Silicon Valley Union Bank ------------------ ------------------ ----------------- ---------------- Account Type Checking Checking & CD's Checking ------------------ ------------------ ----------------- ---------------- Account No. 700496236 Various CD's 4570000344 ------------------ ------------------ ----------------- ---------------- Account Purpose Main accts. CD's for LC's Payroll ------------------ ------------------ ----------------- ---------------- Balance, End of Month $779,049 ------------------ ------------------ ----------------- ---------------- Total Funds on Hand for all Accounts $779,049 ==================
Attach copies of the month end bank statement(s), reconciliation(s), and the check register(s) to the Monthly Operating Report. STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS Increase/(Decrease) in Cash and Cash Equivalents For the Month Ended 03/31/01 -------------
Actual Cumulative Current Month (Case to Date) ------------- -------------- Cash Receipts 1 Rent/Leases Collected ----------------------- ---------------------- 2 Cash Received from Sales $7,526,820 $18,953,994 ----------------------- ---------------------- 3 Interest Received $7,804 $93,307 ----------------------- ---------------------- 4 Borrowings $19,140,288 $24,940,288 ----------------------- ---------------------- 5 Funds from Shareholders, Partners, or Other Insiders ----------------------- ---------------------- 6 Capital Contributions $1,550 $2,172 ----------------------- ---------------------- 7 Prepayment return $249,663 $2,464,326 -------------------------------------------------------- ----------------------- ---------------------- 8 Other $22,568 $97,581 -------------------------------------------------------- ----------------------- ---------------------- 9 Proceeds from Sales of Assets (Computers/Furn/Lines) $1,512,059 $5,160,807 -------------------------------------------------------- ----------------------- ---------------------- 10 -------------------------------------------------------- ----------------------- ---------------------- 11 -------------------------------------------------------- ----------------------- ---------------------- 12 Total Cash Receipts $28,460,751 $51,712,474 ----------------------- ---------------------- Cash Disbursements ----------------------- 13 Payments for Inventory $447,609 $986,839 ----------------------- ---------------------- 14 Selling $13,409 $13,409 ----------------------- ---------------------- 15 Administrative $5,745,530 $8,462,886 ----------------------- ---------------------- 16 Capital Expenditures $255,589 ----------------------- ---------------------- 17 Principal Payments on Debt $6,620,595 $6,620,595 ----------------------- ---------------------- 18 Interest Paid $1,484,535 ----------------------- ---------------------- Rent/Lease: 19 Personal Property ----------------------- ---------------------- 20 Real Property $470,590 $1,320,822 ----------------------- ---------------------- Amount Paid to Owner(s)/Officer(s) ---------------------- 21 Salaries $402,676 $732,259 ----------------------- ---------------------- 22 Draws ----------------------- ---------------------- 23 Commissions/Royalties ----------------------- ---------------------- 24 Expense Reimbursements $109,909 $218,100 ----------------------- ---------------------- 25 Other ----------------------- ---------------------- 26 Salaries/Commissions (less employee withholding) $3,518,081 $11,987,231 ----------------------- ---------------------- 27 Management Fees ----------------------- ---------------------- Taxes: 28 Employee Withholding $1,868,522 $4,686,401 ----------------------- ---------------------- 29 Employer Payroll Taxes $683,263 $1,467,228 ----------------------- ---------------------- 30 Real Property Taxes ----------------------- ---------------------- 31 Other Taxes $41,392 ----------------------- ---------------------- 32 Other Cash Outflows: ----------------------- ---------------------- 33 Network Expenses (ILEC & CLEC) $15,625,346 $42,298,179 -------------------------------------------------- ----------------------- ---------------------- 34 Prepaid Expenses $1,745 $1,778,428 -------------------------------------------------- ----------------------- ---------------------- 35 Mechanic Lien Clearance $414,599 $440,392 -------------------------------------------------- ----------------------- ---------------------- 36 -------------------------------------------------- ----------------------- ---------------------- 37 -------------------------------------------------- ----------------------- ---------------------- 38 Total Cash Disbursements: $35,921,873 $82,794,284 ----------------------- ---------------------- 39 Net Increase (Decrease) in Cash ($7,461,122) ($31,081,810) ----------------------- ---------------------- 40 Cash Balance, Beginning of Period $8,240,171 $31,860,859 ----------------------- ---------------------- 41 Cash Balance, End of Period $779,049 $779,049 ======================= ======================
NorthPoint Communications, Inc. Payments to Officers March, 2001
March March 2001 Expense Reports Total ----------------------------------------- ----------------------- Michael Malaga 68,140.85 0 $68,140.85 Liz Fetter 83,140.85 0 $83,140.85 Mike Parks 58,333.34 0 $58,333.34 Shelley Archambeau 52,884.51 116.85 $53,001.36 Mike Glinsky 23,838.03 0 $23,838.03 --------------- --------------------- ----------------------- 286,337.58 116.85 286,454.43 =============== ===================== =======================
NorthPoint Communications, Inc. March, 2001 payments on pre-petition debt Payee Name Date Paid Amount Paid - -------------------------------------------------------- Ray Testa 3/1/2001 $855.39 Shellye Archambeau 3/2/2001 $116.85 Jordan Owens 3/6/2001 $26.19 Andy Freckmann 3/7/2001 $17.00 Charles Drinkard 3/7/2001 $215.90 Jay Upadhyaya 3/7/2001 $229.25 Marcia Johnson 3/7/2001 $54.89 Michael Breineder 3/12/2001 $149.45 Steven Smith 3/12/2001 $276.07 Maria Menefee 3/13/2001 $1,245.90 Sharon Gallagher 3/15/2001 $461.48 Christina Canady 3/16/2001 $136.82 Mark O'Brien 3/16/2001 $293.76 Tom Kortizija 3/16/2001 $140.32 Paul Montgomery 3/29/2001 $159.25 -----END PRIVACY-ENHANCED MESSAGE-----