Farmland 8-K

0001003297-03-000406.txt : 20031017 0001003297-03-000406.hdr.sgml : 20031017 20031017131407 ACCESSION NUMBER: 0001003297-03-000406 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20031017 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031017 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FARMLAND INDUSTRIES INC CENTRAL INDEX KEY: 0000034616 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-FARM PRODUCT RAW MATERIALS [5150] IRS NUMBER: 440209330 STATE OF INCORPORATION: KS FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11629 FILM NUMBER: 03945421 BUSINESS ADDRESS: STREET 1: 12200 N. AMBASSADOR DR. STREET 2: DEPT 140 CITY: KANSAS CITY STATE: MO ZIP: 64163-1244 BUSINESS PHONE: 8167137000 MAIL ADDRESS: STREET 1: P.O. BOX 20111 CITY: KANSAS CITY STATE: MO ZIP: 64195-0111 FORMER COMPANY: FORMER CONFORMED NAME: CONSUMERS COOPERATIVE ASSOCIATION DATE OF NAME CHANGE: 19681201 8-K 1 farm8k1.htm Farmland 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) October 17, 2003

FARMLAND INDUSTRIES, INC.
Debtor-in-possession as of May 31, 2002
(Exact name of registrant as specified in its charter)

Kansas	001-11629	44-0209330
(State of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

12200 North Ambassador Drive
Kansas City, Missouri	64163-1244
(Address of principal executive offices)	(Zip Code)

816‑713‑7000
(Registrant's telephone number, including area code)

Not Changed
(Former name or former address, if changed since last report)

ITEM 5. Other Events.

On May 31, 2002, Farmland Industries, Inc. and four of its subsidiaries, Farmland Foods, Inc., Farmland Pipe Line Company, Farmland Transportation, Inc., and SFA, Inc., (collectively, the "Debtors") filed voluntary petitions for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, Western District of Missouri (the "Court") (Joint Case Number 02-50557-JWV).

As a part of the bankruptcy proceedings, each of the Debtors is required to file with the Court a Monthly Operating Report Summary ("MOR"). On October 17, 2003, each of the Debtors filed with the Court the MORs as of and for the month ended September 30, 2003.

ITEM 7. Financial Statements and Exhibits.

(C) Exhibits

Number		Description
99.1		MOR for Farmland Industries, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.
99.2		MOR for Farmland Foods, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.
99.3		MOR for Farmland Pipe Line Company as of and for the month ended September 30, 2003, dated October 17, 2003.
99.4		MOR for Farmland Transportation, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.
99.5		MOR for SFA, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.

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 thereunto duly authorized.

Date: October 17, 2003

	FARMLAND INDUSTRIES, INC.
	(Registrant)



By:	/s/ STEVEN R. RHODES
	Steven R. Rhodes
	Executive Vice President
	and Chief Financial Officer

Exhibit Index

Number		Description
99.1		MOR for Farmland Industries, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.
99.2		MOR for Farmland Foods, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.
99.3		MOR for Farmland Pipe Line Company as of and for the month ended September 30, 2003, dated October 17, 2003.
99.4		MOR for Farmland Transportation, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.
99.5		MOR for SFA, Inc. as of and for the month ended September 30, 2003, dated October 17, 2003.

EX-99.1 3 ex99-1.htm Ex99.1

In re Farmland Industries, Inc		Case No. 02-50557
A Missouri Corporation

MONTHLY OPERATING REPORT SUMMARY
FOR THE MONTH OF SEPTEMBER, 2003

REVENUE
Gross Income		$ 110,284,319.92
Less Cost of Goods Sold		$ 90,711,460.57
Materials	$ 90,698,589.35
Direct Labor
Overhead (Freight and Other)	$ 12,871.22
Gross Profit		$ 19,572,859.35

OPERATING EXPENSES
Owner/Officer-Draws/Salaries	$ -
Other Employee Salaries	$ 3,273,449.16
Advertising and Marketing	$ -
Insurance	$ 143,521.45
Payroll Taxes	$ 230,247.77
Lease and Rent	$ 1,318,619.22
Telephone and Utlities	$ 3,443,381.50
Attorney and other Professional Fees	$ 2,995,298.42
UST Quarterly Fees	$ -
Other Expenses (includes other income)	$ 1,962,043.31
Total Operating Expenses		$ 13,366,560.83
Net Income (Loss)		$ 6,206,298.52


CURRENT ASSETS
Accounts Receivable at end of month (Does not include Intercompany)		$ 46,135,659.90
Increase (Decrease) in AR for month		$ (8,598,864.16)
Inventory at end of month		$ 126,709,541.98
Increase (Decrease) in Inventory for month		$ 6,678,918.15
Cash at end of the month		$ 274,491,441.37
Increase (Decrease) in Cash for month		$ 33,104,157.07


LIABILITIES
Increase (Decrease) in pre-petition debt		$ (299,293.27)
Increase (Decrease) in post-petition debt		$ 7,755,410.42
Taxes Payable:
Federal Payroll Taxes	$ (169,295.32)
State Payroll Taxes	$ (28,587.88)
Local Payroll Taxes	$ (413.64)
State Sales Taxes	$ (265,243.47)
Real Estate and Personal	$ (693,887.07)
Property Taxes (Real Property)	$ (1,414,393.45)
Other (see footnote 1)	$ (486,131.04)
Total Taxes Payable		$ (3,057,951.87)




Footnote 1
PRE-Fed MTR FUEL TAX-IC & SUBS (248001)	$ (5,663.77)
PRE-ST MTR FUEL TAX PAY (248101)	$ -
PRE-FED ENVIRON TAX PAY (249001)	$ -
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$ (2,089.81)
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK	$ (95.55)
USE TAX PAYABLE-MANUAL ENTRIES	$ (135,505.57)
FED HWY USE TAX PAY	$ -
FED MTR FUEL TAX-EST LIAB	$ (342,776.34)
ST MTR FUEL TAX PAY	$ -
PRE-USE TAX PAY-MANUAL (245002&12)	$ -
	$ (486,131.04)

EX-99.2 4 ex99-2.htm Ex99.2

In re Farmland Foods, Inc			Case No. 02-50561
A Missouri Corporation

	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF SEPTEMBER, 2003

	REVENUE
	Gross Income		$ 121,853,325.71
	Less Cost of Goods Sold		$ 79,231,027.91
	Materials	$ 76,371,809.10
	Direct Labor	-
	Overhead	$ 2,859,218.81
	Gross Profit		$ 42,622,297.80

	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$ -
	Other Employee Salaries	$ 18,258,241.26
	Advertising and Marketing	$ 2,534,209.15
	Insurance	$ 281,858.08
	Payroll Taxes	$ 1,323,472.48
	Lease and Rent	$ 277,430.65
	Telephone and Utlities	$ 1,642,536.42
	Attorney and other Professional Fees	$ 13,193.64
	UST Quarterly Fees	$ -
	Other Expenses	$ 14,416,040.36
	Total Operating Expenses		$ 38,746,982.04
	Net Income (Loss)		$ 3,875,315.76


	CURRENT ASSETS
	Accounts Receivable at end of month		$ 84,101,527.48
	Increase (Decrease) in AR for month		$ (2,705,595.42)
	Inventory at end of month		$ 98,034,662.72
	Increase (Decrease) in Inventory for month		$ 10,961,882.49
	Cash at end of the month		$ (7,054,040.91)
	Increase (Decrease) in Cash for month		$ (400,473.36)


	LIABILITIES
	Increase (Decrease) in pre-petition debt		$ (752,705.19)
	Increase (Decrease) in post-petition debt		$ 5,330,294.34
	Taxes Payable:
	Federal Payroll Taxes	$ (1,258,369.22)
	State Payroll Taxes	$ (170,673.96)
	Local Payroll Taxes	$ (5,784.61)
	State Sales Taxes	$ (35,256.48)
	Real Estate and Personal	$ (1,600,620.00)
	Property Taxes	$ (9,053.32)
	Other (footnote)	$ (54,352.20)
	Total Taxes Payable		$ (3,134,109.79)

	Footnote:
	Use Tax Payable	$ (54,352.20)

EX-99.3 5 ex99-3.htm Ex99.3

In re Farmland Pipe Line, Inc.			Case No. 02-50565
A Missouri Corporation

	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF SEPTEMBER, 2003

	REVENUE
	Gross Income		$ -
	Less Cost of Goods Sold		$ (68,175.18)
	Materials	$ -
	Direct Labor	$ -
	Overhead	$ (68,175.18)
	Gross Profit		$ 68,175.18

	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$ -
	Other Employee Salaries	$ -
	Advertising and Marketing	$ -
	Insurance	$ -
	Payroll Taxes	$ -
	Lease and Rent	$ -
	Telephone and Utlities	$ -
	Attorney and other Professional Fees	$ -
	UST Quarterly Fees	$ -
	Other Expenses-includes income tax expense and other income	$ 27,270.07
	Total Operating Expenses		$ 27,270.07
	Net Income (Loss)		$ 40,905.11


	CURRENT ASSETS
	Accounts Receivable at end of month		$ 311,450.72
	Increase (Decrease) in AR for month		$ 113,184.42
	Inventory at end of month		$ -
	Increase (Decrease) in Inventory for month		$ -
	Cash at end of the month		$ -
	Increase (Decrease) in Cash for month		$ -


	LIABILITIES
	Increase (Decrease) in pre-petition debt		$ -
	Increase (Decrease) in post-petition debt		$ 112,158.38
	Taxes Payable:
	Federal Payroll Taxes	$ -
	State Payroll Taxes	$ -
	Local Payroll Taxes	$ -
	State Sales Taxes	$ -
	Real Estate and Personal	$ -
	Property Taxes	$ -
	Other (footnote)	$ (160,821.06)
	Total Taxes Payable		$ (160,821.06)

	Footnote:
	Fed Income Tax (Pre)	$ -
	Fed Income Tax (Post)	$ (160,821.06)

EX-99.4 6 ex99-4.htm Ex.99.4

In re Farmland Transportation			Case No. 02-50564
A Missouri Corporation

	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF SEPTEMBER, 2003

	REVENUE
	Gross Income		$ -
	Less Cost of Goods Sold		$ -
	Materials	$ -
	Direct Labor	$ -
	Overhead	$ -
	Gross Profit		$ -

	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$ -
	Other Employee Salaries	$ -
	Advertising and Marketing	$ -
	Insurance	$ -
	Payroll Taxes	$ -
	Lease and Rent	$ -
	Telephone and Utlities	$ 5.98
	Attorney and other Professional Fees	$ 6,000.00
	UST Quarterly Fees	$ -
	Other Expenses	$ 10,058.12
	Total Operating Expenses		$ 16,064.10
	Net Income (Loss)		($16,064.10)




	CURRENT ASSETS
	Accounts Receivable at end of month		$ 600,636.88
	Increase (Decrease) in AR for month		$ (112,905.10)
	Inventory at end of month		$ -
	Increase (Decrease) in Inventory for month		$ -
	Cash at end of the month		$ (1,241.40)
	Increase (Decrease) in Cash for month		$ -


	LIABILITIES
	Increase (Decrease) in post-petition debt		$ 6,005.98
	Increase (Decrease) in pre-petition debt		$ -
	Taxes Payable:
	Federal Payroll Taxes	$ -
	State Payroll Taxes	$ -
	Local Payroll Taxes	$ -
	State Sales Taxes	$ -
	Real Estate and Personal	$ -
	Property Taxes	$ -
	Other (footnote)	$ -
	Total Taxes Payable		$ -

	Footnote:
	PRE Fed Income Tax	0.00

EX-99.5 7 ex99-5.htm Ex99.5

In re SFA, Inc			Case No. 02-50562
A Missouri Corporation

	MONTHLY OPERATING REPORT SUMMARY
	FOR THE MONTH OF SEPTEMBER, 2003

	REVENUE
	Gross Income		$ -
	Less Cost of Goods Sold		$ -
	Materials	$ -
	Direct Labor	$ -
	Overhead	$ -
	Gross Profit		$ -

	OPERATING EXPENSES
	Owner/Officer-Draws/Salaries	$ -
	Other Employee Salaries	$ -
	Advertising and Marketing	$ -
	Insurance	$ -
	Payroll Taxes	$ -
	Lease and Rent	$ 2,102.90
	Telephone and Utlities	$ 86.64
	Attorney and other Professional Fees	$ -
	UST Quarterly Fees	$ -
	Other Expenses	$ (2,914.93)
	Total Operating Expenses		$ (725.39)
	Net Income (Loss)		$ 725.39


	CURRENT ASSETS
	Accounts Receivable at end of month		$ 112,967.13
	Increase (Decrease) in AR for month		$ (6,484.23)
	Inventory at end of month		$ 1,169.56
	Increase (Decrease) in Inventory for month		$ (12,842.84)
	Cash at end of the month		$ 36,229.92
	Increase (Decrease) in Cash for month		$ 29,521.69


	LIABILITIES
	Increase (Decrease) in post-petition debt		$ (18,980.15)
	Increase (Decrease) in pre-petition debt		$ (12,029.83)
	Taxes Payable:
	Federal Payroll Taxes	$ -
	State Payroll Taxes	$ -
	Local Payroll Taxes	$ -
	State Sales Taxes	$ -
	Real Estate and Personal	$ -
	Property Taxes	$ -
	Other (footnote)	$ (3,000.00)
	Total Taxes Payable		$ (3,000.00)

	Footnote:
	Accrued Advalorem Taxes	(3,000.00)
	Tonnage Tax	0.00
	Pre Income Tax Payable	0.00
	Pre Tonage Tax	0.00
	Pre Federal Gas Tax Payable	0.00
	Pre Accrued Advalorem Taxes	0.00
		(3,000.00)