EX-99.3 5 d11463exv99w3.txt EX-99.3 AMENDED MONTHLY REPORT 8/10/03-9/6/03 EXHIBIT 99.3 UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE IN RE FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 AMENDED MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 45 days after end of the period Submit copy of report to any official committee appointed in the case.
------------------------------------------------------------------------------------------------------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ------------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR - 1 Weekly Receipts & Disbursements A X Cash Disbursements by Petitioning Entity B X Bank Account Information C X Statement of Operations MOR - 2 X Balance Sheet MOR - 3 X Status of Postpetition Taxes MOR - 4 X Copies of IRS Form 6123 or payment receipt (See Tax Affidavit) X Copies of tax returns filed during reporting period (See Tax Affidavit) X Summary of Unpaid Postpetition Debts MOR - 4 X Summary Accounts Receivable Aging MOR - 5 X Debtor Questionnaire MOR - 5 X
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. RESPONSIBLE PARTY: /s/ Rebecca A. Roof Interim Chief Financial Officer -------------------------------------- ---------------------------------- Signature of Responsible Party Title Rebecca A. Roof 12/18/2003 -------------------------------------- ---------------------------------- Printed Name of Responsible Party Date SPECIAL NOTE: During its review of the Period 10 Monthly Operating Report (MOR), the Company became aware of the misclassification of several items reported in the Period 9 MOR. The misclassifications affected the common stock, capital in excess of par value, reinvested earnings (deficit), and net intercompany due to (from) lines on the Fleming Companies, Inc and Fleming Companies, Inc. & Subsidiaries balance sheets. The misclassifications were corrected on subsequent MOR's filed for Period 10 and 11 and are now corrected in this Amended MOR for Period 9. FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 NOTES TO THE MONTHLY OPERATING REPORT GENERAL The report includes activity from the following Debtors and related Case Numbers [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11]:
DEBTOR CASE NUMBER ------------------------------------------------------------ ----------- INCLUDED IN FLEMING SECTION OF THE MOR AS APPLICABLE: Fleming Companies, Inc. 03-10945 ABCO Food Group, Inc. 03-10946 ABCO Markets, Inc. 03-10947 ABCO Realty Corp. 03-10948 Favar Concepts, Ltd. 03-10953 Fleming Foods Management Co., L.L.C. 03-10954 Fleming Foods of Texas, L.P. 03-10955 Fleming International, Ltd. 03-10956 Fleming Transportation Service, Inc. 03-10957 Fleming Supermarkets of Florida, Inc. 03-10958 Food 4 Less Beverage Company, Inc. 03-10959 FuelServ, Inc. 03-10960 Piggly Wiggly Company 03-10965 Progressive Realty, Inc. 03-10966 Rainbow Food Group, Inc. 03-10967 Retail Investments, Inc. 03-10968 Retail Supermarkets, Inc. 03-10970 RFS Marketing Services, Inc. 03-10971 Richmar Foods, Inc. 03-10972 Dunigan Fuels, Inc. 03-10973 INCLUDED IN CORE-MARK SECTION OF THE MOR AS APPLICABLE [12]: Core-Mark International, Inc. 03-10944 ASI Office Automation, Inc. 03-10949 Core-Mark Mid-Continent, Inc. 03-10950 Core-Mark Interrelated Companies, Inc. 03-10951 C/M Products, Inc. 03-10952 General Acceptance Corporation 03-10961 Marquise Ventures Company, Inc. 03-10962 Head Distributing Company 03-10963 Minter Weisman Co. 03-10964
NOTES: [1] All information contained within this Monthly Operating Report is subject to change upon further reconciliation. [2] "the Company" refers to Fleming Companies, Inc. and its related subsidiaries. [3] Within this Monthly Operating Report Core-Mark's Eastern Divisions or "Fleming 7" refers to Head Distributing Company, Minter-Weisman, and the Marshfield, Chicago, Altoona and Leitchfield divisions included within Fleming Companies, Inc. [4] Period 3 refers to February 23, 2003 through March 22, 2003. [5] Period 4 refers to March 23, 2003 through April 19, 2003. [6] Period 5 refers to April 20, 2003 through May 17, 2003. [7] Period 6 refers to May 18, 2003 through June 14, 2003. [8] Period 7 refers to June 15 through July 12, 2003. [9] Period 8 refers to July 13 through August 9, 2003. [10] Period 9 refers to August 10 through September 6, 2003. [11] The Monthly Operating Report excludes financial activity related to non-Debtor entities (i.e., Cerespan.com and Choteau Development Company, LLC). [12] Core-Mark entities are on a different reporting schedule with period 9 reflecting a Balance Sheet as of August 31, 2003. The Statement of Operations has been estimated through September 6, 2003 to be consistent with Fleming. FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 WEEKLY RECEIPTS AND DISBURSEMENTS [1] (DOLLARS IN 000's)
CURRENT PERIOD CUMULATIVE WEEK 1 [2] WEEK 2 WEEK 3 WEEK 4 WEEK 5 TOTAL FILING TO DATE ----------------------------------------------------------------------------------------- CASH RECEIPTS: Fleming Receipts [4] $ 11,761 61,316 50,762 54,389 297,611 $ 475,839 $ 2,372,707 Core-Mark Receipts 15,826 82,084 79,834 81,084 78,656 337,484 1,873,877 Asset / Excess Inventory Sales & Other 2,159 1,777 6,029 6,259 1,690 17,914 264,271 ----------------------------------------------------------------------------------------------------------------------------------- ACTUAL RECEIPTS $ 29,746 $ 145,177 $ 136,625 $ 141,732 $ 377,957 $ 831,237 $ 4,510,855 ----------------------------------------------------------------------------------------------------------------------------------- CASH DISBURSEMENTS FROM OPERATIONS: Material Purchases - Fleming $ (11,060) (37,180) (36,923) (16,637) (2,978) $ (104,778) $(1,609,334) Material Purchases - Core-Mark (13,326) (54,802) (52,839) (52,876) (52,036) (225,879) (1,429,035) Tax Disbursements - Cigarettes (1,475) (10,022) (12,787) (16,892) (11,127) (52,303) (255,989) Tax Disbursements - Other (2) (411) (281) (183) (9) (886) (7,770) Employee & Payroll (2,099) (7,236) (7,574) (5,903) (8,393) (31,205) (260,743) Lease & Recurring Costs (3,680) (6,782) (1,038) (1,355) (1,131) (13,986) (81,897) Other Operating Costs (383) (5,185) (5,756) (7,702) (3,403) (22,429) (197,831) ------------------------------------------------------------------------------------------------------------------------------------ ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (32,025) $ (121,618) $(117,198) $(101,548) $ (79,077) $ (451,466) $(3,842,599) ------------------------------------------------------------------------------------------------------------------------------------ CASH DISBURSEMENTS FROM NON-OPERATIONS: DSD/Critical Vendor/PACA Payments [3] $ - - - - (11,289) $ (11,289) $ (88,781) Capital Expenditures - - - - - - (2,216) Restructuring & Professional Fees (511) (2,975) (1,302) (5,855) (1,398) (12,041) (24,436) Interest & Financing - (482) - - (1,691) (2,173) (72,525) Other Non-Operating Costs - - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (511) $ (3,457) $ (1,302) $ (5,855) $ (14,378) $ (25,503) $ (187,958) ------------------------------------------------------------------------------------------------------------------------------------ TOTAL ACTUAL DISBURSEMENTS $ (32,536) $ (125,075) $(118,500) $(107,403) $ (93,455) $ (476,969) $(4,030,557) ------------------------------------------------------------------------------------------------------------------------------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN) TOTAL DISBURSEMENTS $ (476,969) LESS: Transfers to Debtor in Possession Accounts - PLUS: Estate Disbursements Made By Outside Sources (i.e. from escrow accounts) - ---------- TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ (476,969)
NOTES [1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's August 1 through August 31 receipts and disbursements. [2] Per agreement with the U.S. Trustee, cash receipts and disbursements related to August 1 through August 31 were only included. Therefore, Week 1 includes only one day related to cash receipts and disbursements for August 2003. [3] The period 9 Monthly Operating report (including the period 4 through 8 Monthly Operating Reports previously filed) includes within the DSD/Critical Vendor/PACA Payments, among others, DSD and PACA disbursements made to segregated escrow accounts for future disbursement. The DSD and PACA escrow disbursements do not represent actual DSD and PACA settlement disbursements made during the period, only those funds set aside in escrow. [4] Week 5 receipts include cash received from the sale of assets to C&S. FORM MOR - 1A FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 CASH DISBURSEMENTS BY PETITIONING ENTITY [1] (DOLLARS IN 000's)
CUMULATIVE FILING TO PETITIONING ENTITIES CASE NUMBER CURRENT PERIOD TOTAL DATE --------------------------------------------------------------------------------------------------------------------- Core-Mark International, Inc. 03-10944 $ (159,169) $ (1,253,635) Fleming Companies, Inc. 03-10945 (210,318) (1,940,501) ABCO Food Group, Inc. 03-10946 - - ABCO Markets, Inc. 03-10947 - - ABCO Realty Corp. 03-10948 - - ASI Office Automation, Inc. 03-10949 - - Core-Mark Mid-Continent, Inc. 03-10950 (43,255) (260,646) Core-Mark Interrelated Companies, Inc. 03-10951 (5,289) (41,193) C/M Products, Inc. 03-10952 - - Favar Concepts, Ltd. 03-10953 - (667) Fleming Foods Management Co., L.L.C. 03-10954 - - Fleming Foods of Texas, L.P. 03-10955 (6,719) (113,586) Fleming International, Ltd. 03-10956 (21) (1,400) Fleming Transportation Service, Inc. 03-10957 49 3 Fleming Supermarkets of Florida, Inc. 03-10958 - - Food 4 Less Beverage Company, Inc. 03-10959 - - Fuelserv, Inc. 03-10960 - - General Acceptance Corporation 03-10961 - - Marquise Ventures Company, Inc. 03-10962 - - Head Distributing Company 03-10963 (5,717) (38,999) Minter Weisman Co. 03-10964 (25,352) (110,341) Piggly Wiggly Company 03-10965 (280) (817) Progressive Realty, Inc. 03-10966 - (4) Rainbow Food Group, Inc. 03-10967 (17) (31,726) Retail Investments, Inc. 03-10968 (20,115) (165,125) Retail Supermarkets, Inc. 03-10970 - - RFS Marketing Services, Inc. 03-10971 - - Richmar Foods, Inc. 03-10972 (928) (71,670) Dunigan Fuels, Inc. 03-10973 162 (250) --------------------------------------------------------------------------------------------------------------- TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (476,969) $ (4,030,557) ---------------------------------------------------------------------------------------------------------------
NOTES [1] Employee and Payroll disbursements, per the Weekly Receipts and Disbursements schedule, were not available on an entity by entity basis. As a result, the total Core-Mark and Fleming Employee and Payroll disbursements for 8/1/03 - 8/31/03 (approximately $16.4 million for Fleming and approximately $11.9 million for Core-Mark) were allocated to the related Fleming and Core-Mark entities based on the % of each entities total sales to total Fleming Sales/Core-Mark sales. In particular, Core-Mark's disbursements were allocated to the 9 entities (Head Distributing and Minter Weisman are not included in Fleming's payroll total as of Period 7) and Fleming's disbursements to the 20 Fleming entities. [2] Total cash disbursements provided by both Core-Mark and Fleming during the period did not agree to Total Actual Disbursements on the Weekly Receipts and Disbursement schedule. Therefore, the difference was allocated between the Core-Mark and Fleming entities based on each entities % of total cash disbursements prior to allocation. [3] Total Actual Disbursements contain Core-Mark's and Fleming's disbursements for 8/1/03 - 8/31/03 for the Current Period and for 4/1/03 - 8/31/03 for the Cumulative Filing to Date. FORM MOR - 1B FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BANK ACCOUNT INFORMATION
ACCOUNT PETITIONING ENTITIES BANK NUMBER TYPE -------------------------------------------------------------------------------------------------------------------- Fleming Companies, Inc. Bank of America 1257001012 Depository Fleming Companies, Inc. Bank of America 1257401015 Depository Fleming Companies, Inc. Bank of America 1257601014 Depository Fleming Companies, Inc. Bank of America 1376034850 Depository Fleming Companies, Inc. Bank of America 1595458455 Depository Fleming Companies, Inc. Bank of America 3750955004 Depository Fleming Companies, Inc. Bank of America 3751022745 Depository Fleming Companies, Inc. Bank of America 3751278599 Depository Fleming Companies, Inc. Bank of America 3751279446 Depository Fleming Companies, Inc. Bank of America 3751281308 Depository Fleming Companies, Inc. Bank of America 3751301107 Depository Fleming Companies, Inc. Bank of America 3751372819 Depository Fleming Companies, Inc. Bank of America 3751508777 Depository Fleming Companies, Inc. Bank of America 3751525666 Depository Fleming Companies, Inc. Bank of America 3751572091 Depository Fleming Companies, Inc. Bank of America 3751589327 Depository Fleming Companies, Inc. Bank of America 3751889438 Depository Fleming Companies, Inc. Bank of America 3751917397 Depository Fleming Companies, Inc. Bank of America 8188812687 Depository Fleming Companies, Inc. Bank One 10148350 Disbursement Fleming Companies, Inc. Bank One 10218510 Depository Fleming Companies, Inc. Bank One 622743383 Depository Fleming Companies, Inc. First Hawaiian Bank 53015409 Depository Fleming Companies, Inc. JP Morgan 6300030353 Disbursement Fleming Companies, Inc. JP Morgan 6300035972 Disbursement Fleming Companies, Inc. JP Morgan 6300036129 Disbursement Fleming Companies, Inc. JP Morgan 6300036160 Disbursement Fleming Companies, Inc. JP Morgan 6300062117 Disbursement Fleming Companies, Inc. JP Morgan 6300064998 Disbursement Fleming Companies, Inc. JP Morgan 6300065052 Disbursement Fleming Companies, Inc. JP Morgan 6300065086 Disbursement Fleming Companies, Inc. JP Morgan 8805174594 Disbursement Fleming Companies, Inc. JP Morgan 8805175195 Depository Fleming Companies, Inc. JP Morgan 8805175609 Depository Fleming Companies, Inc. JP Morgan 8805223029 Disbursement Fleming Companies, Inc. JP Morgan 8806170047 Disbursement Fleming Companies, Inc. JP Morgan 8806212427 Depository Fleming Companies, Inc. JP Morgan 8806212435 Depository Fleming Companies, Inc. JP Morgan 8806212468 Depository Fleming Companies, Inc. JP Morgan 8806212583 Depository Fleming Companies, Inc. JP Morgan 8806212591 Depository Fleming Companies, Inc. JP Morgan 8806231716 Depository Fleming Companies, Inc. JP Morgan 8806231732 Depository Fleming Companies, Inc. JP Morgan 8806232185 Depository Fleming Companies, Inc. JP Morgan 8806232193 Depository Fleming Companies, Inc. JP Morgan 8806232201 Depository Fleming Companies, Inc. JP Morgan 8806232219 Depository Fleming Companies, Inc. JP Morgan 8806232805 Depository Fleming Companies, Inc. JP Morgan 8806257778 Depository Fleming Companies, Inc. JP Morgan 8806258339 Depository Fleming Companies, Inc. JP Morgan 8806322309 Depository Fleming Companies, Inc. JP Morgan 8806362925 Disbursement Fleming Companies, Inc. JP Morgan 8806362933 Disbursement Fleming Companies, Inc. JP Morgan 8806363428 Depository Fleming Companies, Inc. JP Morgan 8806370886 Disbursement Fleming Companies, Inc. M&I 12263119 Depository Fleming Companies, Inc. M&I 13004134 Depository Fleming Companies, Inc. M&I 14133911 Depository Fleming Companies, Inc. M&I 18241234 Depository Fleming Companies, Inc. Manufacturers Trust 12001749 Depository Fleming Companies, Inc. Waukesha 2726887 Disbursement Fleming Companies, Inc. Waukesha 10428672 Depository Fleming Companies, Inc. Waukesha 10478473 Depository Core-Mark International, Inc Adel Banking Co 15797201 Disbursement Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement Core-Mark International, Inc Bank Of Montreal 07600000313 Depository/Disbursement
FORM MOR - IC
ACCOUNT PETITIONING ENTITIES BANK NUMBER TYPE -------------------------------------------------------------------------------------------------------------------- Fleming Companies, Inc. Bank Of America 1257001012 Depository Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement Core-Mark International, Inc Bank Of Montreal 07604601086 FX Swap Funding Acct Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement Core-Mark International, Inc Bank One 1113117 Depository Core-Mark International, Inc JP Morgan 323252028 Depository Core-Mark International, Inc JP Morgan 8806322317 Depository Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement Core-Mark International, Inc Scotia Bank 112390010715 Depository Core-Mark International, Inc Scotia Bank 4052700104313 Depository Core-Mark International, Inc Scotia Bank 714800001414 Depository Core-Mark International, Inc Scotia Bank 71480000914 Depository Core-Mark International, Inc Scotia Bank 714800011312 Depository Core-Mark International, Inc Washington Trust Bank 1001823194 Depository Core-Mark International, Inc Wells Fargo 4091220731 Depository Core-Mark International, Inc Wells Fargo 4128523081 Depository Core-Mark International, Inc Wells Fargo 4159287788 Depository Core-Mark International, Inc Wells Fargo 4159555366 Depository Core-Mark International, Inc Wells Fargo 4159688902 Depository Core-Mark International, Inc Wells Fargo 4311848436 Depository Core-Mark International, Inc Wells Fargo 4311848584 Disbursement Core-Mark International, Inc Wells Fargo 4496851460 Depository Core-Mark International, Inc Wells Fargo 4518099999 Depository Core-Mark International, Inc Wells Fargo 4518100110 Depository Core-Mark International, Inc Wells Fargo 4518100177 Depository Core-Mark International, Inc Wells Fargo 4518100235 Depository Core-Mark International, Inc Wells Fargo 4518110564 Disbursement Core-Mark International, Inc Wells Fargo 4758355309 Depository Core-Mark International, Inc Wells Fargo 4759613938 Disbursement Core-Mark International, Inc Wells Fargo 4801900069 Depository Core-Mark International, Inc Wells Fargo 4801908815 Depository Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement Core-Mark International, Inc Wilson & Muir 7516436 Depository Head Distributing Co. Bank Of America 3752010688 Depository Head Distributing Co. Suntrust 8801337430 Depository Head Distributing Co. Union Planters Bank 3500594164 Depository Minter Weisman Bank of America 3299781296 Disbursement Plymouth (minter weisman) US Bank 160234449926 Depository Retail Investment, Inc. JP Morgan 860900985 Depository/Disbursement
FORM MOR - IC FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000's)
AUGUST 10, 2003 - FLEMING COMPANIES, INC. & SUBSIDIARIES [2] SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------ NET SALES $ 354,022 COSTS AND EXPENSES: [3] Cost of sales (340,495) Selling and administrative (12,554) Reorganization items, net (383) Interest expense (223) Interest income and other 122 Impairment/restructuring charges (231) Litigation charges - -------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (353,764) -------------------------------------------------------------------------------- Income/(Loss) before income taxes 258 Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 258 -------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: [4] Income/(Loss) before income taxes (63,584) Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (63,584) ------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (63,326) -------------------------------------------------------------------------------
NOTES [1] Results of certain legal entities have been approximated to the 28 days from August 10, 2003 through September 6, 2003. See additional detail explanation on each Statement of Operations. [2] Excludes ABCO Markets, Inc., ABCO Realty Corp., ASI Office Automation, Inc., C/M Products, Inc., Fleming Foods Management Co., L.L.C., Fleming Supermarkets of Florida, Inc., Food 4 Less Beverage Company, Inc., FuelServ, Inc., General Acceptance Corporation, Marquise Ventures Company, Inc. and Retail Supermarkets, Inc. as these entities had no activity during the period. Further, the related entities Statement of Operations are excluded from the Monthly Operating Report. RFS Marketing Services, Inc.'s Statement of Operations was included as RFS Marketing Services, Inc.'s balance sheet was included in the Monthly Operating Report. [3] Certain expenses are recorded each period using estimates, then reviewed and adjusted at the end of a quarter (i.e., self-insurance reserves, allowance for bad debts, etc.). [4] Continuing Operations as of Period 9, 2003 includes only the convenience business (or Core-Mark, including the Fleming 7). All other businesses have been reclassified as Discontinued Operations as required by SFAS 146. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000's)
AUGUST 10, 2003 - ABCO FOOD GROUP, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ------------------------------------------------------------------------------ TOTAL COSTS AND EXPENSES - ------------------------------------------------------------------------------ Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS - ------------------------------------------------------------------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes 27 Taxes on income/(loss) - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 27 ------------------------------------------------------------------------------ NET INCOME/(LOSS) $ 27 ------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
AUGUST 10, 2003 - CORE-MARK INTERNATIONAL, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- NET SALES $ 233,514 COSTS AND EXPENSES: Cost of sales (225,267) Selling and administrative (6,626) Reorganization items, net (382) Interest expense (22) Interest income and other 118 Impairment/restructuring charges (22) Litigation charges - ---------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (232,201) ---------------------------------------------------------------------------- Income/(Loss) before income taxes 1,313 Taxes on income/(loss) - ---------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 1,313 ---------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ---------------------------------------------------------------------------- NET INCOME/(LOSS) $ 1,313 ----------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 31 days ended August 31, 2003; adjustments have been made to this Statement of Operations to approximate results for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000's)
AUGUST 10, 2003 - CORE-MARK INTERRELATED COMPANIES, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------ NET SALES $ 6,945 COSTS AND EXPENSES: Cost of sales (6,624) Selling and administrative (82) Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - -------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (6,706) -------------------------------------------------------------------------------- Income/(Loss) before income taxes 239 Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 239 -------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - -------------------------------------------------------------------------------- NET INCOME/(LOSS) $ 239 --------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 31 days ended August 31, 2003; adjustments have been made to this Statement of Operations to approximate results for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000's)
AUGUST 10, 2003 - CORE-MARK MID-CONTINENT, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------ NET SALES $ 44,533 COSTS AND EXPENSES: Cost of sales (42,989) Selling and administrative (797) Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - -------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (43,786) -------------------------------------------------------------------------------- Income/(Loss) before income taxes 747 Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 747 -------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - -------------------------------------------------------------------------------- NET INCOME/(LOSS) $ 747 --------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 31 days ended August 31, 2003; adjustments have been made to this Statement of Operations to approximate results for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000's)
AUGUST 10, 2003 - DUNIGAN FUELS, INC. SEPTEMBER 6, 2003 --------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - -------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - -------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - -------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - -------------------------------------------------------------------------------- NET INCOME/(LOSS) $ - --------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000's)
AUGUST 10, 2003 - FAVAR CONCEPTS, LTD SEPTEMBER 6, 2003 --------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - -------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - -------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - -------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (4) Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (4) -------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (4) --------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000's)
AUGUST 10, 2003 - FLEMING COMPANIES, INC. SEPTEMBER 6, 2003 ----------------------------------------------------------------------------------- NET SALES $ 33,441 COSTS AND EXPENSES: Cost of sales (32,288) Selling and administrative (1,882) Reorganization items, net (1) Interest expense (201) Interest income and other - Impairment/restructuring charges (209) Litigation charges - -------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (34,581) -------------------------------------------------------------------------------- Income/(Loss) before income taxes (1,140) Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (1,140) -------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (12,802) Taxes on income/(loss) - -------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (12,802) -------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (13,942) --------------------------------------------------------------------------------
NOTES [1] The period of results for the continuing operations of this legal entity (four convenience divisions) was for the 31 days ended August 31, 2003; adjustments have been made to this Statement of Operations to approximate results for the 28 days ended September 6, 2003. The period of results for the discontinued operations of this legal entity was for 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - FLEMING FOODS OF TEXAS, L.P. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (42,536) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (42,536) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (42,536) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR -2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - FLEMING INTERNATIONAL, LTD SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (3) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (3) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (3) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - FLEMING TRANSPORTATION SERVICES, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (6,107) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (6,107) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (6,107) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - HEAD DISTRIBUTING COMPANY SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ 10,631 COSTS AND EXPENSES: Cost of sales (10,205) Selling and administrative (1,244) Reorganization items, net - Interest expense - Interest income and other 1 Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (11,448) ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes (817) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (817) ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (817) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 31 days ended August 31, 2003; adjustments have been made to this Statement of Operations to approximate results for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - MINTER-WEISMAN CO. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ 24,959 COSTS AND EXPENSES: Cost of sales (23,123) Selling and administrative (1,923) Reorganization items, net - Interest expense - Interest income and other 3 Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (25,043) ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes (84) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (84) ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (84) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 31 days ended August 31, 2003; adjustments have been made to this Statement of Operations to approximate results for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - PIGGLY WIGGLY COMPANY SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (781) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (781) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (781) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - PROGRESSIVE REALTY, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ------------------------------------------------------------------------------------------ TOTAL COSTS AND EXPENSES - ------------------------------------------------------------------------------------------ Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------------------------------------------------------------------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS - ------------------------------------------------------------------------------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ NET INCOME/(LOSS) $ - ------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - RAINBOW FOOD GROUP, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (756) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (756) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (756) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - RETAIL INVESTMENTS, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ------------------------------------------------------------------------------------------ TOTAL COSTS AND EXPENSES - ------------------------------------------------------------------------------------------ Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------------------------------------------------------------------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS - ------------------------------------------------------------------------------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ NET INCOME/(LOSS) $ - ------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - RFS MARKETING SERVICES, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ - ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] [2] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------------------- AUGUST 10, 2003 - RICHMAR FOODS, INC. SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ---------------------------------------------------------------------------------------------- TOTAL COSTS AND EXPENSES - ---------------------------------------------------------------------------------------------- Income/(Loss) before income taxes - Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS - ---------------------------------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (622) Taxes on income/(loss) - ---------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (622) ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (622) ----------------------------------------------------------------------------------------------
NOTES [1] The period of results for this legal entity was for the 28 days ended September 6, 2003. [2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for all financial statement footnotes. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
------------------------------------------------------------------------------------ AS OF FLEMING COMPANIES, INC. & SUBSIDIARIES [2] SEPTEMBER 6, 2003 ------------------------------------------------------------------------------------ ASSETS CURRENT ASSETS: Cash and cash equivalents $ 638,214 Receivables, net [3] 611,107 Inventories 182,124 Assets held for sale [4] 41,739 Other current assets 29,050 -------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 1,502,234 -------------------------------------------------------------------------------- Investments and notes receivable, net 1,702 Investment in direct financing leases 7,150 -------------------------------------------------------------------------------- Net property and equipment 42,787 -------------------------------------------------------------------------------- Other assets 148,211 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- TOTAL ASSETS $ 1,702,084 -------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable [3] $ 25,392 Liabilities held for sale - Other current liabilities 9,752 -------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 35,144 -------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases 51,668 Other liabilities 1,060 Liabilities subject to compromise [5] [6] 3,090,207 Net intercompany due to (from) [7] (15,531) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 708,200 Reinvested earnings (deficit) (2,177,457) Accumulated other comprehensive income: Additional minimum pension liability (129,215) Cumulative foreign currency translation adjustment 1,787 -------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ (1,460,464) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,702,084 --------------------------------------------------------------------------------
SPECIAL NOTE REGARDING AMENDMENT: The Period 9 MOR has been amended to correct this balance sheet. Classification corrections have been made to the common stock, capital in excess of par value, reinvested earnings (deficit), and net intercompany due to (from) lines. As described in the footnotes included herein and in previously filed MOR's, the Company continues to reconcile its liabilities subject to compromise. Adjustments have been and will continue to be made in future periods. FORM MOR - 3 LIABILITIES SUBJECT TO COMPROMISE [5] [6] Debt and notes payable [8] [9] $ 1,858,050 Accounts payable [10] [15] 727,130 Closed store reserves [11] 40,454 Other liabilities [12] [16] 203,406 Pension obligation [13] [17] 224,135 Taxes payable [14] [18] 37,032 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 3,090,207
GENERAL [1] The period close for certain legal entities was as of September 6, 2003 and as of August 31, 2003 for other legal entities. See additional detail explanation on each Balance Sheet. [2] Excludes ABCO Markets, Inc., ABCO Realty Corp., ASI Office Automation, Inc., C/M Products, Inc., Fleming Foods Management Co., L.L.C., Fleming Supermarkets of Florida, Inc., Food 4 Less Beverage Company, Inc., FuelServ, Inc., General Acceptance Corporation, Marquise Ventures Company, Inc. and Retail Supermarkets, Inc. as these entities had no ending balances as of period close. Further, the related Balance Sheets are excluded from the Monthly Operating Report. [3] The accounts payable balance as of September 6 includes vendor deductions for PRADS, military, advertising and other vendor related deductions. Any resulting net debit balance, for each legal entity, in accounts payable has been reclassified to accounts receivable. No amount has currently been reserved for receivables from vendors. [4] Continuing Operations as of Period 9, 2003 includes only the convenience business (or Core-Mark, including the Fleming 7). Assets of all other businesses have been reclassified as Assets Held for Sale and liabilities as Liabilities Held for Sale as required by SFAS 146. [5] Liabilities Subject to Compromise is comprised of prepetition Long-term Debt, Accounts payable, Closed store reserves, Other liabilities, Pension obligation and Taxes payable. Certain of the balances have been estimated. See additional detail explanations on each balance sheet. [6] The Company may have paid certain prepetition liabilities. Not all payments made related to prepetition debts are reflected in the Liabilities Subject to Compromise. As a result, the Liabilities Subject to Compromise may be inflated by certain reclasses made between Accounts Payable and Accounts Receivable (see note 3). [7] The Net Intercompany Due To (From) line on the entity level balance sheets (except for Fleming Companies, Inc.) will also include that entity's net equity. [8] The senior notes, convertible senior notes, and senior subordinated notes are guaranteed by substantially all of Fleming's wholly-owned direct and indirect subsidiaries. The guarantees are joint and several, full, complete and unconditional. Within the Monthly Operating Report all related amounts are reflected on the Fleming Companies, Inc. legal entity. FLEMING ENTITIES [9] Debt and notes payable includes bonds, revolver and term Loan and related accrued interest. The debt and notes payable (excluding accrued interest) are period 9 balances. Accrued interest relates to all prepetition debt included in Liabilities Subject to Compromise. [10] Accounts payable includes trade payables, retailer incentives and accrued expenses. Trade payables and accrued expenses less accrued insurance were taken from the SOFA schedules (excludes Richmar Foods, Inc., Dunigan Fuels, Inc., Favar Concepts, Ltd., Fleming Transportation Service, Inc., Piggly Wiggly Company and RFS Marketing Services, Inc.) Richmar Foods, Inc.'s balance represents a detailed review of the accounts payable trial balance which was performed after the filing of the SOFA schedules. Dunigan Fuels, Inc. is a period 4 balance. Favar Concepts, Ltd., Fleming Transportation Service, Inc., Piggly Wiggly Company and RFS Marketing Services, Inc. are period 3 balances plus 9/28ths of the net activity for period 4 (9 of the 28 days in period 4 were prepetition). Accrued insurance is a period 3 balance. Retailer incentives is a period 3 balance plus 9/28ths of the net activity for period 4. [11] Close store reserves are period 9 balances. [12] Other liabilities includes accrued compensation, accrued severance, union pension withdrawal liabilities, other current liabilities, deferred income, and other long-term liabilities. Other current liabilities, other long-term liabilities and deferred income are period 3 balances plus 9/28ths of the net activity for period 4. Accrued Compensation and union pension withdrawal liabilities are period 4 balances (excludes vacation pay which is the amount earned in excess of the $4,650 cap by employees terminated in periods 4 through 9). Accrued severance was taken from the SOFA schedules. [13] Pension obligation is a period 9 balance. [14] Taxes payable includes income taxes and taxes other than income. Income tax liability is a period 4 balance. Taxes other than income is a period 3 balance plus 9/28ths of the net activity for period 4. Cigarette taxes payable is included in accounts payable. CORE-MARK ENTITIES [15] Accounts payable includes trade payables, retailer incentives and accrued expenses. Accounts payable is a period 4 balance (excludes Head Distributing Company which is per the SOFA schedule). Retailer incentives, accrued expenses (including accrued insurance) are period 4 balances. [16] Other liabilities, which include accrued compensation, other current liabilities and other long-term liabilities, are period 4 balances. [17] Pension obligation is a period 9 balance. [18] Taxes payable includes income taxes and taxes other than income. Income tax liability and taxes other than income are period 4 balances. Cigarette taxes payable is included in accounts payable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF ABCO FOOD GROUP, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net - Inventories - Assets held for sale - Other current assets 3 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 3 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment - ---------------------------------------------------------------------------------- Other assets 2 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 5 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities - ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES - ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 1,302 Net intercompany due to (from) (1,297) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable - Closed store reserves - Other liabilities 1,302 Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,302
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERNATIONAL, INC. AUGUST 31, 2003 ------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 201,532 Receivables, net 187,024 Inventories 97,105 Assets held for sale - Other current assets 11,472 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 497,133 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment 20,233 ---------------------------------------------------------------------------------- Other assets 40,195 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 557,561 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities 3,349 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 3,349 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 192,848 Net intercompany due to (from) 361,364 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 557,561 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 171,661 Closed store reserves - Other liabilities 6,798 Pension obligation 5,578 Taxes payable 8,811 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 192,848
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] All liabilities were reclassified as Liabilities Subject to Compromise as of March 31, 2003 (period 4) except for specific postpetition liabilities, primarily payroll related. Adjustments were made in period 9 as necessary. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERRELATED COMPANIES, INC. AUGUST 31, 2003 ------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2 Receivables, net 2,710 Inventories 8,591 Assets held for sale - Other current assets 30 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 11,333 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment 330 ---------------------------------------------------------------------------------- Other assets - ---------------------------------------------------------------------------------- TOTAL ASSETS $ 11,663 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 590 Liabilities held for sale - Other current liabilities 80 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 670 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 1,031 Net intercompany due to (from) 9,962 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 11,663 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 1,031 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,031
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] All liabilities were reclassified as Liabilities Subject to Compromise as of March 31, 2003 (period 4) except for specific postpetition liabilities, primarily payroll related. Adjustments were made in period 9 as necessary. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK MID-CONTINENT, INC. AUGUST 31, 2003 ------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 88 Receivables, net 24,113 Inventories 24,965 Assets held for sale - Other current assets 1,652 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 50,818 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment 11,965 ---------------------------------------------------------------------------------- Other assets 2,969 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 65,752 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 7,888 Liabilities held for sale - Other current liabilities 446 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 8,334 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,075 Net intercompany due to (from) 52,343 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 65,752 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 4,212 Closed store reserves - Other liabilities 844 Pension obligation - Taxes payable 19 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,075
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] All liabilities were reclassified as Liabilities Subject to Compromise as of March 31, 2003 (period 4) except for specific postpetition liabilities, primarily payroll related. Adjustments were made in period 9 as necessary. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF DUNIGAN FUELS, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 3,065 Inventories - Assets held for sale - Other current assets - ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 3,065 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment - ---------------------------------------------------------------------------------- Other assets - ---------------------------------------------------------------------------------- TOTAL ASSETS $ 3,065 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities - ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES - ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 8,867 Net intercompany due to (from) (5,802) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,065 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 8,695 Closed store reserves 172 Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 8,867
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FAVAR CONCEPTS, LTD SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net - Inventories - Assets held for sale - Other current assets - ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS - ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment - ---------------------------------------------------------------------------------- Other assets - ---------------------------------------------------------------------------------- TOTAL ASSETS $ - ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 93 Liabilities held for sale - Other current liabilities - ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 93 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 459 Net intercompany due to (from) (552) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 459 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 459
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 436,579 Receivables, net 293,751 Inventories 23,141 Assets held for sale - Other current assets 13,331 ----------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 766,802 ----------------------------------------------------------------------------------- Investments and notes receivable, net 1,702 Investment in direct financing leases 7,150 ----------------------------------------------------------------------------------- Net property and equipment 4,345 ----------------------------------------------------------------------------------- Other assets 95,063 ----------------------------------------------------------------------------------- TOTAL ASSETS $ 875,062 ----------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 8,640 Liabilities held for sale - Other current liabilities 2,792 ----------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 11,432 ----------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases 16,644 Other liabilities 1,060 Liabilities subject to compromise 2,784,586 Net intercompany due to (from) (478,196) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 708,200 Reinvested earnings (deficit) (2,177,457) Accumulated other comprehensive income: Additional minimum pension liability (129,215) Cumulative foreign currency translation adjustment 1,787 ----------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ (1,460,464) ----------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 875,062 ----------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ 1,858,050 Accounts payable 453,748 Closed store reserves 40,282 Other liabilities 189,897 Pension obligation 218,507 Taxes payable 24,102 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,784,586
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for the continuing operations of this legal entity (four convenience divisions) was as of August 31, 2003, and for the discontinued operations as of September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. SPECIAL NOTE REGARDING AMENDMENT: The Period 9 MOR has been amended to correct this balance sheet. Classification corrections have been made to the common stock, capital in excess of par value, reinvested earnings (deficit), and net intercompany due to (from) lines. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING FOODS OF TEXAS, L.P. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 57,449 Inventories - Assets held for sale - Other current assets 802 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 58,251 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment - ---------------------------------------------------------------------------------- Other assets 8,278 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 66,529 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities 260 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 260 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases 1,332 Other liabilities - Liabilities subject to compromise 43,442 Net intercompany due to (from) 21,495 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 66,529 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 42,027 Closed store reserves - Other liabilities 805 Pension obligation - Taxes payable 610 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 43,442
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING INTERNATIONAL, LTD SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 441 Inventories - Assets held for sale - Other current assets - ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 441 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment - ---------------------------------------------------------------------------------- Other assets 48 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 489 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY ---------------------------------------------------------------------------------- CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities 36 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 36 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) 453 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 489 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable - Closed store reserves - Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ -
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING TRANSPORTATION SERVICES, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 1,983 Inventories - Assets held for sale - Other current assets 40 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 2,023 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment - ---------------------------------------------------------------------------------- Other assets - ---------------------------------------------------------------------------------- TOTAL ASSETS $ 2,023 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 124 Liabilities held for sale - Other current liabilities 392 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 516 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 242 Net intercompany due to (from) 1,265 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,023 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 208 Closed store reserves - Other liabilities 25 Pension obligation - Taxes payable 9 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 242
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF HEAD DISTRIBUTING COMPANY AUGUST 31, 2003 ------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 15,040 Inventories 13,294 Assets held for sale - Other current assets 609 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 28,943 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment 3,681 ---------------------------------------------------------------------------------- Other assets 1,074 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 33,698 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities 1,148 ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 1,148 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 7,416 Net intercompany due to (from) 25,134 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 33,698 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 7,485 Closed store reserves - Other liabilities (95) Pension obligation - Taxes payable 26 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,416
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] All liabilities were reclassified as Liabilities Subject to Compromise as of March 31, 2003 (period 4) except for specific postpetition liabilities, primarily payroll related. Adjustments were made in period 9 as necessary. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF MINTER-WEISMAN CO. AUGUST 31, 2003 ------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 14,459 Inventories 15,028 Assets held for sale - Other current assets 979 ---------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 30,466 ---------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------------------------------------------------------------------------- Net property and equipment 2,233 ---------------------------------------------------------------------------------- Other assets 469 ---------------------------------------------------------------------------------- TOTAL ASSETS $ 33,168 ---------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 7,202 Liabilities held for sale - Other current liabilities - ---------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 7,202 ---------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 6,017 Net intercompany due to (from) 19,949 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - ---------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 33,168 ---------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 5,794 Closed store reserves - Other liabilities 208 Pension obligation - Taxes payable 15 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,017
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] All liabilities were reclassified as Liabilities Subject to Compromise as of March 31, 2003 (period 4) except for specific postpetition liabilities, primarily payroll related. Adjustments were made in period 9 as necessary. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PIGGLY WIGGLY COMPANY SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 1,389 Inventories - Assets held for sale - Other current assets 114 -------------------------------------------------------------------------- TOTAL CURRENT ASSETS 1,503 -------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - -------------------------------------------------------------------------- Net property and equipment - -------------------------------------------------------------------------- Other assets - -------------------------------------------------------------------------- -------------------------------------------------------------------------- TOTAL ASSETS $1,503 -------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 49 Liabilities held for sale - Other current liabilities 16 -------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 65 -------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 597 Net intercompany due to (from) 841 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - -------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - -------------------------------------------------------------------------- -------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $1,503 --------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 597 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 597
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PROGRESSIVE REALTY, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net - Inventories - Assets held for sale - Other current assets - --------------------------------------------------------------------------- TOTAL CURRENT ASSETS - --------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - --------------------------------------------------------------------------- Net property and equipment - --------------------------------------------------------------------------- Other assets - --------------------------------------------------------------------------- --------------------------------------------------------------------------- TOTAL ASSETS $ - --------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 9 Liabilities held for sale - Other current liabilities 290 --------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 299 --------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 1,220 Net intercompany due to (from) (1,519) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - --------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - --------------------------------------------------------------------------- --------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ - ---------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable - Closed store reserves - Other liabilities 1,220 Pension obligation - Taxes payable - ------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,220
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RAINBOW FOOD GROUP, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 5,619 Inventories - Assets held for sale 20,982 Other current assets 17 --------------------------------------------------------------------------- TOTAL CURRENT ASSETS 26,618 --------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - --------------------------------------------------------------------------- Net property and equipment - --------------------------------------------------------------------------- Other assets 80 --------------------------------------------------------------------------- --------------------------------------------------------------------------- TOTAL ASSETS $ 26,698 --------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 629 Liabilities held for sale - Other current liabilities 455 --------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 1,084 --------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases 23,511 Other liabilities - Liabilities subject to compromise 19,274 Net intercompany due to (from) (17,171) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - --------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - --------------------------------------------------------------------------- --------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 26,698 ---------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 19,073 Closed store reserves - Other liabilities 201 Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,274
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RETAIL INVESTMENTS, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 1 Receivables, net - Inventories - Assets held for sale - Other current assets - -------------------------------------------------------------------------- TOTAL CURRENT ASSETS 1 -------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - -------------------------------------------------------------------------- Net property and equipment - -------------------------------------------------------------------------- Other assets - -------------------------------------------------------------------------- -------------------------------------------------------------------------- TOTAL ASSETS $ 1 -------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities 3 -------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 3 -------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) (2) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - -------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - -------------------------------------------------------------------------- -------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1 --------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable - Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ -
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RFS MARKETING SERVICES, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 12 Receivables, net 23 Inventories - Assets held for sale - Other current assets 1 -------------------------------------------------------------------------- TOTAL CURRENT ASSETS 36 -------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - -------------------------------------------------------------------------- Net property and equipment - -------------------------------------------------------------------------- Other assets 33 -------------------------------------------------------------------------- -------------------------------------------------------------------------- TOTAL ASSETS $ 69 -------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - Liabilities held for sale - Other current liabilities - -------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES - -------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 53 Net intercompany due to (from) 16 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - -------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - -------------------------------------------------------------------------- -------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 69 --------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 30 Closed store reserves - Other liabilities 23 Pension obligation - Taxes payable - ------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 53
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RICHMAR FOODS, INC. SEPTEMBER 6, 2003 -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 4,041 Inventories - Assets held for sale 20,757 Other current assets - --------------------------------------------------------------------------- TOTAL CURRENT ASSETS 24,798 --------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - --------------------------------------------------------------------------- Net property and equipment - --------------------------------------------------------------------------- Other assets - --------------------------------------------------------------------------- --------------------------------------------------------------------------- TOTAL ASSETS $ 24,798 --------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 168 Liabilities held for sale - Other current liabilities 485 --------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 653 --------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases 10,181 Other liabilities - Liabilities subject to compromise 17,778 Net intercompany due to (from) (3,814) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share - Capital in excess of par value - Reinvested earnings (deficit) - Accumulated other comprehensive income: Additional minimum pension liability - Cumulative foreign currency translation adjustment - --------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - --------------------------------------------------------------------------- --------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 24,798 ---------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2] Debt and notes payable $ - Accounts payable 12,110 Closed store reserves - Other liabilities 2,178 Pension obligation 50 Taxes payable 3,440 -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 17,778
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] The period close for this legal entity was September 6, 2003; therefore all liabilities were reviewed with prepetition amounts reclassified as Liabilities Subject to Compromise. Estimates were made on certain accounts where the breakout was not determinable. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 (DOLLARS IN 000'S) STATUS OF POSTPETITION TAXES The beginning tax liability should be the ending liability from the prior month or, if this is the first report, the amount should be zero.
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX FLEMING LIABILITY ACCRUED PAID [11] LIABILITY ------------------------------------------------------------------------------------------------ FEDERAL Payroll Taxes [1] $ (72) $ (3,882) $ 3,839 $ (115) Income (938) (37) 0 (975) ----------------------------------------------------------------------------------------------- TOTAL FEDERAL TAXES $ (1,010) $ (3,919) $ 3,839 $ (1,090) ----------------------------------------------------------------------------------------------- STATE AND LOCAL Payroll Taxes [1] $ (378) $ (460) $ 525 $ (313) Sales [2][12] (680) (1,288) 313 (1,655) Excise [2] (45) (7) 20 (32) Real & Personal Property [3] (11,173) (56) 761 (10,468) Cigarette & Tobacco [4] - (260) 260 - Franchise [2] (291) - 15 (276) ----------------------------------------------------------------------------------------------- Total State and Local $(12,567) $ (2,071) $ 1,894 $(12,744) ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- TOTAL TAXES $(13,577) $ (5,990) $ 5,733 $(13,834) -----------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX CORE-MARK[9] LIABILITY ACCRUED PAID LIABILITY ------------------------------------------------------------------------------------------------ FEDERAL Payroll Taxes [1] $ (431) $ (3,616) $ 3,842 $ (205) Income - - - - ----------------------------------------------------------------------------------------------- TOTAL FEDERAL TAXES $ (431) $ (3,616) $ 3,842 $ (205) ----------------------------------------------------------------------------------------------- STATE AND LOCAL Payroll Taxes [1] $ 17 $ (519) $ 502 $ 0 Sales (38) (36) 60 (14) Excise (425) (211) 144 (492) Real & Personal Property [3] (374) (110) 18 (466) Cigarette & Tobacco (48,331) (83,929) 92,889 (39,371) Other: GST [5] (2,085) (2,249) 2,275 (2,059) Other: Spokane & Portland B&O Tax [6] (177) (52) 149 (80) ----------------------------------------------------------------------------------------------- Total State and Local $ (51,413) $ (87,106) $ 96,037 $(42,482) ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- TOTAL TAXES $ (51,844) $ (90,722) $ 99,879 $(42,687) -----------------------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT -------------------------------------------------------------------------------- Current $ - 0 - 30 days [7] 16,914 31 - 60 days - 61 - 90 days - 91 + days - -------------------------------------------------------------------------------- Total Accounts Payable [8] $ 16,914 --------------------------------------------------------------------------------
-------------------------------------------------------------------------------- CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT -------------------------------------------------------------------------------- Current $ - 0 - 30 days [7] [10] 8,478 31 - 60 days - 61 - 90 days - 91+ days - -------------------------------------------------------------------------------- Total Accounts Payable [8] $ 8,478 --------------------------------------------------------------------------------
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS. Fleming Companies, Inc. and its related subsidiaries do not have material past due postpetition debts. However, those debts that are past due will be paid through the ordinary course of business. Further, Fleming Companies, Inc. anticipates it will incur certain contract cure costs related to those contracts assigned to C&S Wholesale Grocers, Inc. as a result of the sale of Fleming Companies, Inc.'s wholesale grocery operations. NOTES [1] Payroll taxes include all employer and employee payroll related items withheld and accrued. Further, Fleming's payroll taxes, both federal and state, include Core-Mark's seven Eastern divisions. [2] Sales, Excise and Franchise postpetition taxes are calculated by adding to the period 8 balance the net accrual increase/decrease in period 9. [3] Fleming's postpetition Real and personal property taxes include 275/365 of 2003 (April 2003 through December 2003) taxes and 2004 taxes. Additionally, Core-Mark's Real & personal property taxes excludes Plymouth as it is included in Fleming. All other Eastern divisions are included in Core-Mark. [4] Cigarette and tobacco tax data was not available on an accrual basis. The period 9 expense was recorded as the accrual and the expense amount. [5] GST refers to Canadian Goods and Service Taxes. [6] B&O tax refers to Business and Occupational taxes for Spokane and Portland only. [7] Fleming and Core-mark were unable to provide an Accounts Payable Aging. Therefore, Accounts Payable is shown as 30 days old. Fleming's aging includes Head and Minter-Weisman. [8] Accounts Payable per the Balance Sheet includes trade accounts payable, retailer incentives and other accrued expenses. [9] Core-Mark's postpetition taxes and Accounts Payable data is for Core-Mark's period 9 which is August 1, 2003 through August 31, 2003. [10] Core-Mark's Accounts Payable Aging excludes the "Fleming 7" entities. [11] Amount Paid represents amounts paid, amounts received and other adjustments during the period. [12] The beginning tax liability for period 9 includes an immaterial error correction from the period 8 ending balance. FORM MOR - 4 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 (DOLLARS IN 000'S) ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] [7] AMOUNT ----------------------------------------------------------------------- Not Due $ 3,798 Current 33,689 1 - 7 days old 21,668 8 - 14 days old 62,589 15 - 21 days old 34,752 + Over 21 days 336,574 Credits Over 21 days [1] (41,092) ----------------------------------------------------------------------- Total Accounts Receivable $ 451,978 ----------------------------------------------------------------------- Amount considered uncollectible (Bad Debt) [3] (54,716) Accounts Receivable (Net) $ 397,263
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] [7] AMOUNT ----------------------------------------------------------------------- Current $ 186,774 1 - 30 days old 25,049 31 - 45 days old 785 40 - 60 days old 386 61 - 90 days old 676 91 - 120 days old 301 + Over 120 days 3,450 ----------------------------------------------------------------------- Total Accounts Receivable $ 217,421 ----------------------------------------------------------------------- Amount considered uncollectible (Bad Debt) [3] (3,573) Accounts Receivable (Net) $ 213,848
DEBTOR QUESTIONNAIRE
MUST BE COMPLETED EACH MONTH YES NO -------------------------------------------------------------------------------------------------------- 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. [5] X 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. X 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. [6] X 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. X
NOTES [1] Fleming's Accounts Receivable Aging includes Core-Mark's 7 Eastern divisions ("Fleming 7"). Therefore, Core-Mark's Accounts Receivable Aging excludes them. [2] An Accounts Receivable Aging was not available Fleming's entities, excluding Wholesale. The Wholesale Accounts Receivable was aged above as it accounts for approximately 29.31% of the Accounts Receivable balance. The remaining accounts receivable balance (including any adjustments) was allocated to each aging category based on the percentage of Fleming's wholesale aging categories to total wholesale accounts receivable. [3] Amount considered uncollectible (Bad Debt) is per the general ledger for all entities as of September 6, 2003. As a result of the sale of the Company's wholesale distribution business, the Company will review its allowance for doubtful accounts. [4] Core-Mark's Accounts Receivable data is for Core-Mark's period 9 ended August 31, 2003. Further, Core-Mark's Accounts Receivable Aging total differed from the general ledger total due to timing differences and adjustments. As a result, the remaining receivable balance was allocated to each aging category based on the percentage of each aging category to total accounts receivable. [5] On August 15, 2003 the Company liquidated inventory of approximately $3.9 million. On August 23, 2003 the Company sold substantially all grocery wholesale assets for approximately $237.8 million. On September 3, 2003 the Company sold land located in Kansas and Michigan totaling approximately $1.9 million. Also on September 3, 2003 the Company sold liquor licenses, miscellaneous assets and assumed leases for approximately $0.6 million. [6] Four tax returns were not filed timely due to incomplete information. The four returns were August 2003 Nebraska Cigarette Return - Lincoln Division; August 2003 Arkansas Egg Return - Garland Division; August 2003 Alabama Cigarette Return - Geneva Division; August 2003 Louisiana Tobacco Tax Return-Lafayette Division. [7] Any net debit balance resulting from vendor deductions in accounts payable has been reclassified to accounts receivable. No amount has currently been reserved for receivables from vendors. FORM MOR - 5 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/03 - 9/6/03 If additional information is required for the current or any future Monthly Operating Reports, please send the request to Rebecca A. Roof at Fleming Companies (1945 Lakepointe Dr.; Lewisville, TX 75057). ERNST & YOUNG LLP 2121 San Jacinto Street, Suite 1500 Dallas Office Dallas TX 75201 Phone (214) 969-8000 Facsimile (214) 969-9770 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 8/10/2003 TO 9/06/2003 TAX AFFIDAVIT By order of this Court dated May 6, 2003, Ernst & Young (E&Y) has been retained to provide certain tax services to the Debtors (the "Tax Services"). E&Y provided the Tax Services pursuant to the terms and conditions set forth in the engagement letter attached hereto as Ex. A which was allowed under the May 6, 2003 Bankruptcy Court Order of E&Y retention. Pursuant to this retention order, E&Y assists the Debtor with the following tax services during the reporting period on behalf of Fleming Companies, Inc. and affiliates ("the Debtor"): - Prepare certain federal income, state income, state franchise, gross receipts and net worth tax returns and provide them to management of the Debtor for signature; - Prepare certain sales, excise, and use tax returns for U.S., state and local governments and provide them to management of the Debtor for filing; - Provide certain property tax returns prepared by third party consultants to management of the Debtor for filing; - Prepare certain property tax returns and provide them to management of the Debtor for filing; and - Update a tax filing calendar for certain income, franchise, sales and use, cigarette, tobacco, and other miscellaneous taxes, and business license filings and provide it to Debtor's management for review and approval. The Debtor's management is responsible for establishing and maintaining its tax system and procedures. During the reporting period, the following returns were not timely filed due to incomplete information and/or inability for accounts payable to print checks needed to remit with the return at the time the returns were due. These returns have subsequently been filed with the appropriate jurisdictions. August 2003 Nebraska Cigarette Return--Lincoln Division; August 2003 Arkansas Egg Return--Garland Division; August 2003 Alabama Cigarette Return--Geneva Division; August 2003 Louisiana Tobacco Tax Return--Lafayette Division; To the best of my knowledge, E&Y has completed the above mentioned activities related to the tax returns covered by the engagement letter which are required to be prepared or filed by the Fleming Companies, Inc. and its affiliates during the reporting period referenced above. October 17, 2003 /s/ Lisa P. Shield ---------------------------- ---------------------------- Date Lisa P. Shield, Partner