EX-99.4 6 dex994.txt UNAUDITED CONSOLIDATING BALANCE SHEET Exhibit 99.4 CHRIS-CRAFT INDUSTRIES, INC UNAUDITED CONSOLIDATING BALANCE SHEET AS OF JUNE 30, 2001 (in millions)
Consolidated Combined Consolidated Chris- United BHC BHC Industrial Head Craft Television TV Division Eliminations Communications Division Office Eliminations Consolidated ----------- ------------ ------------- -------------- --------- ------ ------------- ------------- ASSETS Cash and cash equivalents $ 154 $ 884 $ - $ 1,038 $ - $ 88 $ 1,126 Marketable securities 113 413 526 526 Federal and state income tax refund 11 5 16 16 Accounts receivable 46 51 (1) 96 4 100 Interest receivable 2 3 5 5 Film contract rights 30 78 108 108 Deferred income tax benefits 5 6 11 15 26 Inventories - - - 3 3 Other current assets 3 20 23 1 24 ----------------------------------------------------------------------------------------------------- Total current assets 364 1,460 (1) 1,823 7 104 - 1,934 Non-current portion of film contract rights 15 81 96 96 Property and equipment, net 31 27 58 8 66 Investments 37 49 86 3 89 Intangible assets 136 244 18 398 1 55 454 Other assets 4 305 (285) 24 1,607 (1,587) 44 ----------------------------------------------------------------------------------------------------- Total assets $ 587 $ 2,166 $ (268) $ 2,485 $ 16 $ 1,714 $ (1,532) $ 2,683 ===================================================================================================== LIABILITIES AND SHAREHOLDERS' INVESTMENTS Film contracts payable $ 36 $ 73 $ - $ 109 $ - $ - - $ 109 Accounts payable 1 3 (1) 3 1 4 Accrued expenses 29 55 84 1 40 125 Deferred revenue 2 7 9 9 Federal income taxes payable 9 2 11 13 24 State income taxes payable - 8 8 3 11 ----------------------------------------------------------------------------------------------------- Total current liabilities 77 148 (1) 224 2 56 - 282 Film contracts payable-LT 44 111 155 155 Deferred federal income taxes 2 - 2 2 Due to affiliates - - - - Other liabilities - 4 4 13 17 Minority interest - - 197 197 381 578 ----------------------------------------------------------------------------------------------------- 123 263 196 582 2 69 381 1,034 ----------------------------------------------------------------------------------------------------- SHAREHOLDERS' INVESTMENTS Convertible preferred stock - - - 4 4 Class B common stock - - - 4 4 Common stock - - - 14 14 Capital surplus 16 - (16) - 5 503 (5) 503 Retained earnings 448 1,899 (448) 1,899 9 1,120 (1,908) 1,120 ----------------------------------------------------------------------------------------------------- 464 1,899 (464) 1,899 14 1,645 (1,913) 1,645 Accumulated other comprehensive income - 4 4 4 ----------------------------------------------------------------------------------------------------- 464 1,903 (464) 1,903 14 1,645 (1,913) 1,649 ----------------------------------------------------------------------------------------------------- Total liabilities and shareholders' investments $ 587 $ 2,166 $ (268) $ 2,485 $ 16 $ 1,714 $ (1,532) $ 2,683 =====================================================================================================