-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NLujd5/EgIlISDIZWuV5H3bY5qOtzS+AFcSQOdGb5rFOoKrwVSso99g1PkuD3wJK 8o77i80GJU/wSxkZxPT2kA== 0000950134-04-002428.txt : 20040224 0000950134-04-002428.hdr.sgml : 20040224 20040224115338 ACCESSION NUMBER: 0000950134-04-002428 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040123 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLEMING COMPANIES INC /OK/ CENTRAL INDEX KEY: 0000352949 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-GROCERIES & GENERAL LINE [5141] IRS NUMBER: 480222760 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08140 FILM NUMBER: 04623877 BUSINESS ADDRESS: STREET 1: 1945 LAKEPOINTE DRIVE CITY: LEWISVILLE STATE: TX ZIP: 73126 BUSINESS PHONE: 4058407200 MAIL ADDRESS: STREET 1: 1945 LAKEPOINT DRIVE CITY: LEWISVILLE STATE: TX ZIP: 75057 8-K 1 d12918e8vk.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): January 23, 2004 ---------------- FLEMING COMPANIES, INC. ----------------------- (Exact Name of Registrant as Specified in Charter) Oklahoma 1-8140 48-0222760 - ---------------------------- ------------ ------------------ (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 1945 Lakepointe Drive, Lewisville, Texas 75057 - ---------------------------------------- --------- (Address of Principal Executive Offices) (Zip code) Registrant's telephone number, including area code: (972) 906-8000 -------------- ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On January 23, 2004, Fleming Companies, Inc. (the "Company") filed its unaudited monthly operating report for the period November 2, 2003 through November 30, 2003 with the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"), a copy of which is attached hereto as Exhibit 99.1, in connection with its voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code (Case No. 03-10945) (Jointly Administered) (the "Chapter 11 Cases"). On February 18, 2004, the Company filed its unaudited monthly operating report for the period December 1, 2003 through December 31, 2003 with the Bankruptcy Court, a copy of which is attached hereto as Exhibit 99.2, in connection with the Chapter 11 Cases. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Financial statements of businesses acquired. Not applicable (b) Pro forma financial information. Not applicable (c) Exhibits. 99.1 Monthly Operating Report of Fleming Companies, Inc. for the period November 2, 2003 through November 30, 2003. 99.2 Monthly Operating Report of Fleming Companies, Inc. for the period December 1, 2003 through December 31, 2003. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FLEMING COMPANIES, INC. Date: February 23, 2004 By: /s/ Rebecca A. Roof ------------------------------------ Rebecca A. Roof Interim Chief Financial Officer 3 EXHIBIT INDEX
Exhibit Number Description - -------------- ----------- 99.1 Monthly Operating Report of Fleming Companies, Inc. for the period November 2, 2003 through November 30, 2003. 99.2 Monthly Operating Report of Fleming Companies, Inc. for the period December 1, 2003 through December 31, 2003.
EX-99.1 3 d12918exv99w1.txt MONTHLY OPERATING REPORT 11/2/03 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: 11/02/03 - 11/30/03 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 January 21, 2004 - --------------------------------- -------------------------------------- Printed Name of Responsible Party Date: January 21, 2004 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 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] [12] [13] [14]:
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 [15]: 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] Period 10 refers to September 7, 2003 through October 4, 2003. [12] Period 11 refers to October 5, 2003 through November 1, 2003. [13] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. Consequently, the November reporting period will be for the period November 2, 2003 through November 30, 2003. [14] The Monthly Operating Report excludes financial activity related to non-Debtor entities (i.e., Cerespan.com and Choteau Development Company, LLC, etc.). [15] Effective with this reporting period, Core-Mark entities are on the same reporting schedule as the Fleming entities. FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 WEEKLY RECEIPTS AND DISBURSEMENTS [1] (DOLLARS IN 000'S)
CURRENT PERIOD CUMULATIVE WEEK 1 WEEK 2 WEEK 3 WEEK 4 TOTAL FILING TO DATE ---------- ----------- --------- --------- ---------- -------------- CASH RECEIPTS: Fleming Receipts [5] $ 1,693 4,489 1,013 1,816 $ 9,012 $ 2,415,536 Core-Mark Receipts [5] 69,054 64,062 69,127 57,989 260,233 2,756,436 Asset / Excess Inventory Sales & Other 5,991 10,700 2,527 520 19,737 302,686 ---------- ----------- --------- --------- ---------- -------------- ACTUAL RECEIPTS $ 76,739 $ 79,251 $ 72,667 $ 60,326 $ 288,982 $ 5,474,658 ---------- ----------- --------- --------- ---------- -------------- CASH DISBURSEMENTS FROM OPERATIONS: Material Purchases - Fleming [3] [5] $ 53 (116) - (359) $ (421) $ (1,618,746) Material Purchases - Core-Mark [5] (46,948) (44,126) (53,942) (38,921) (183,937) (2,039,857) Tax Disbursements - Cigarettes (10,704) (10,224) (14,398) (10,087) (45,413) (397,290) Tax Disbursements - Other (295) (134) (5) (27) (461) (9,155) Employee & Payroll [4] (4,895) (2,904) (4,907) (1,374) (14,081) (313,075) Lease & Recurring Costs (690) (605) (265) (1,153) (2,712) (90,406) Other Operating Costs (2,815) (4,689) (1,594) (1,100) (10,198) (234,170) ---------- ----------- --------- --------- ---------- -------------- ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (66,293) $ (62,798) $ (75,111) $ (53,021) $ (257,224) $ (4,702,700) ---------- ----------- --------- --------- ---------- -------------- CASH DISBURSEMENTS FROM NON-OPERATIONS: DSD/Critical Vendor/PACA Payments [2] - - - $ - $ 92,781) Capital Expenditures - - - - - (2,216) Restructuring & Professional Fees (25) (2,017) (28) (2,685) (4,756) (47,970) Interest & Financing (428) - (4) (1,664) (2,096) (79,259) Other Non-Operating Costs - - - - - - ---------- ----------- --------- --------- ---------- -------------- ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (453) $ (2,017) $ (32) $ (4,350) $ (6,851) $ (222,225) ---------- ----------- --------- --------- ---------- -------------- TOTAL ACTUAL DISBURSEMENTS $ (66,746) $ (64,815) $ (75,143) $ (57,371) $ (264,075) $ (4,924,925) ---------- ----------- --------- --------- ---------- --------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN) TOTAL DISBURSEMENTS $ (264,075) 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 $ (264,075)
NOTES [1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's November 1 through November 30 receipts and disbursements. All four weeks are complete weeks. [2] The November Monthly Operating Report (including the period 4 through 11 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. [3] Certain checks that were issued for Fleming material purchases in prior periods were voided during the month of November resulting in cash added back. [4] The cumulative total for payroll was increased by $3.1 million to reflect payroll disbursements inadvertently excluded from the period 11 MOR. [5] All seven of the Core-Mark eastern divisions are included in the Core-Mark amounts. FORM MOR - 1A FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 CASH DISBURSEMENTS BY PETITIONING ENTITY [1] (DOLLARS IN 000'S)
PETITIONING ENTITIES CASE NUMBER CURRENT PERIOD TOTAL CUMULATIVE FILING TO DATE - -------------------------------------- ----------- -------------------- ------------------------- Core-Mark International, Inc. 03-10944 $ (161,798) $ (1,776,686) Fleming Companies, Inc. 03-10945 (33,454) (2,082,608) 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 (38,790) (385,313) Core-Mark Interrelated Companies, Inc. 03-10951 (5,405) (61,312) 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 24 (113,199) Fleming International, Ltd. 03-10956 - (1,399) Fleming Transportation Service, Inc. 03-10957 - 124 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 (6,438) (57,646) Minter Weisman Co. 03-10964 (17,998) (176,844) Piggly Wiggly Company 03-10965 - (891) Progressive Realty, Inc. 03-10966 (4) Rainbow Food Group, Inc. 03-10967 - (31,595) Retail Investments, Inc. 03-10968 (56) (165,252) Retail Supermarkets, Inc. 03-10970 - RFS Marketing Services, Inc. 03-10971 - Richmar Foods, Inc. 03-10972 (160) (71,566) Dunigan Fuels, Inc. 03-10973 - (67) -------- ------------- ------------------- TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (264,075) $ (4,924,925) -------- ------------- -------------------
NOTES [1] Employee and Payroll disbursements, per the Weekly Receipts and Disbursements schedule, were paid $3.2 million for Fleming Companies, Inc. and $9.1 million for Core-Mark International, Inc. Benefits paid of $1.8 million were allocated between Fleming and Core-Mark based on each entities payroll paid for the month. [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 11/01/03 - 11/30/03 for the Current Period and for 4/1/03 - 11/30/03 for the Cumulative Filing to Date. [4] The cumulative total for Fleming Companies, Inc. was increased by $3.1 million to reflect payroll disbursements inadvertently excluded from the period 11 MOR. FORM MOR - 1B FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BANK ACCOUNT INFORMATION
PETITIONING ENTITIES BANK ACCOUNT NUMBER TYPE - --------------------------------- ---------------------- -------------- ----------------------- Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement Core-Mark International, Inc Bank Of Montreal 07600000313 Depository/Disbursement Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement Core-Mark International, Inc Bank Of Montreal 07604601086 FX Swap Funding Acct Core-Mark International, Inc JP Morgan 323252028 Depository Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement Core-Mark International, Inc Scotia Bank 112390010715 Depository Core-Mark International, Inc Scotia Bank 71480000914 Depository Core-Mark International, Inc Scotia Bank 4052700104313 Depository Core-Mark International, Inc Scotia Bank 714800001414 Depository Core-Mark International, Inc Scotia Bank 714800011312 Depository Core-Mark International, Inc Washington Trust Bank 1001823194 Depository Core-Mark International, Inc Wells Fargo 4159287788 Depository Core-Mark International, Inc Wells Fargo 4518099999 Depository Core-Mark International, Inc Wells Fargo 4311848436 Depository Core-Mark International, Inc Wells Fargo 4159555366 Depository Core-Mark International, Inc Wells Fargo 4518100110 Depository Core-Mark International, Inc Wells Fargo 4128523081 Depository Core-Mark International, Inc Wells Fargo 4518100235 Depository Core-Mark International, Inc Wells Fargo 4518100177 Depository Core-Mark International, Inc Wells Fargo 4758355309 Depository Core-Mark International, Inc Wells Fargo 4159688902 Depository Core-Mark International, Inc Wells Fargo 4091220731 Depository Core-Mark International, Inc Wells Fargo 4801900069 Depository Core-Mark International, Inc Wells Fargo 4801908815 Depository Core-Mark International, Inc Wells Fargo 4496851460 Depository Core-Mark International, Inc Wells Fargo 4311848584 Disbursement Core-Mark International, Inc Wells Fargo 4759613938 Disbursement Core-Mark International, Inc Wells Fargo 4518110564 Disbursement Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement Core-Mark International, Inc Wilson & Muir 7516436 Depository Fleming Companies, Inc. Bank of America 8,188,812,687 Depository Fleming Companies, Inc. Bank of America 3751525666 Depository Fleming Companies, Inc. Bank of America 3751508777 Depository Fleming Companies, Inc. Bank of America 3751022745 Depository Fleming Companies, Inc. Bank One 10148350 Disbursement Fleming Companies, Inc. Fleet Non Union Health 1713312 Disbursement Fleming Companies, Inc. JP Morgan 22426761 Disbursement Fleming Companies, Inc. JP Morgan 88063623919 Depository Fleming Companies, Inc. JP Morgan 8806363428 Depository Fleming Companies, Inc. JP Morgan 323252842 Depository Fleming Companies, Inc. JP Morgan 8806258339 Depository Fleming Companies, Inc. JP Morgan 8806247712 Depository Fleming Companies, Inc. JP Morgan 8806232185 Depository Fleming Companies, Inc. JP Morgan 8806232227 Depository Fleming Companies, Inc. JP Morgan 8806258271 Depository/Disbursement Fleming Companies, Inc. JP Morgan 8806362958 Depository/Disbursement Fleming Companies, Inc. JP Morgan 8806170047 Disbursement Fleming Companies, Inc. JP Morgan 8805174594 Disbursement Fleming Companies, Inc. JP Morgan 6300030353 Disbursement Fleming Companies, Inc. JP Morgan 8805223029 Disbursement Fleming Companies, Inc. JP Morgan 6300065052 Disbursement Fleming Companies, Inc. JP Morgan 6300062117 Disbursement Fleming Companies, Inc. JP Morgan 6300036160 Disbursement Fleming Companies, Inc. JP Morgan 6300064998 Disbursement Fleming Companies, Inc. Washington Mutual Bank 0673106722 Escrow Fleming Companies, Inc. Washington Mutual Bank 374854494 Escrow Head Distributing Co. Bank Of America 3752010688 Depository Head Distributing Co. Suntrust 8801337430 Depository
FORM MOR - 1C
PETITIONING ENTITIES BANK ACCOUNT NUMBER TYPE - --------------------------------- ---------------------- -------------- ----------------------- Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement Head Distributing Co. Union Planters Bank 3500594164 Depository Head Distributing Co. Union Planters Bank 3500594164 Depository Minter Weisman Bank of America 3299781296 Disbursement Minter Weisman Bank of America 3299781296 Disbursement Plymouth (minter weisman) US Bank 160234449926 Depository Plymouth (minter weisman) US Bank 160234449926 Depository Retail Investment, Inc. JP Morgan 860900985 Depository/Disbursement Retail Investment, Inc. JP Morgan 860900985 Depository/Disbursement
FORM MOR - 1C FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - FLEMING COMPANIES, INC. & SUBSIDIARIES [2] NOVEMBER 30, 2003 ------------------------------------------ ------------------ NET SALES $ 299,143 COSTS AND EXPENSES: [3] Cost of sales (294,020) Selling and administrative (9,299) Reorganization items, net (317) Interest expense 53 Interest income and other 189 Impairment/restructuring charges (5) Litigation charges - ------------------ TOTAL COSTS AND EXPENSES (303,397) ------------------ Income/(Loss) before income taxes (4,254) Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS (4,254) ------------------ DISCONTINUED OPERATIONS: [4] Income/(Loss) before income taxes (7,855) Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (7,855) ------------------ NET INCOME/(LOSS) $ (12,109) ------------------
NOTES [1] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. Consequently, the November reporting period will be for the period November 2, 2003 through November 30, 2003, or basically, the month of November for both the Core-Mark entities and the Fleming entities. [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. In addition, no individual Statement of Operations have been provided for these legal entities in the Monthly Operating Report. The individual Statements of Operations for Progressive Realty, Inc, Retail Investments, Inc. and ABCO Food Group, Inc were included, although they had no activity in their Statements of Operations, because their balance sheets did have activity and have been 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 November 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - ABCO FOOD GROUP, INC. NOVEMBER 30, 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] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 1, 2003 - CORE-MARK INTERNATIONAL, INC. NOVEMBER 30, 2003 ----------------------------- ------------------ NET SALES $ 204,708 COSTS AND EXPENSES: Cost of sales (198,131) Selling and administrative (5,988) Reorganization items, net (316) Interest expense 53 Interest income and other 139 Impairment/restructuring charges - Litigation charges - ------------------ TOTAL COSTS AND EXPENSES (204,242) ------------------ Income/(Loss) before income taxes 466 Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS 466 ------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ------------------ NET INCOME/(LOSS) $ 466 ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 1, 2003 - CORE-MARK INTERRELATED COMPANIES, INC. NOVEMBER 30, 2003 -------------------------------------- ------------------ NET SALES $ 7,456 COSTS AND EXPENSES: Cost of sales (7,360) Selling and administrative (89) Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ------------------ TOTAL COSTS AND EXPENSES (7,450) ------------------ Income/(Loss) before income taxes 7 Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS 7 ------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ------------------ NET INCOME/(LOSS) $ 7 ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 1, 2003 - CORE-MARK MID-CONTINENT, INC. NOVEMBER 30, 2003 ----------------------------- ------------------ NET SALES $ 38,647 COSTS AND EXPENSES: Cost of sales (37,343) Selling and administrative (859) Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - Litigation charges - ------------------ TOTAL COSTS AND EXPENSES (38,201) ------------------ Income/(Loss) before income taxes 445 Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS 445 ------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ------------------ NET INCOME/(LOSS) $ 445 ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - DUNIGAN FUELS, INC. NOVEMBER 30, 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 (65) Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (65) ------------------ NET INCOME/(LOSS) $ (65) ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - FAVAR CONCEPTS, LTD NOVEMBER 30, 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 10 Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 10 ------------------ NET INCOME/(LOSS) $ 10 ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - FLEMING COMPANIES, INC. NOVEMBER 30, 2003 ----------------------- ------------------ NET SALES $ 19,836 COSTS AND EXPENSES: Cost of sales (22,725) Selling and administrative (829) Reorganization items, net (1) Interest expense - Interest income and other 2 Impairment/restructuring charges (5) Litigation charges - ------------------ TOTAL COSTS AND EXPENSES (23,558) ------------------ Income/(Loss) before income taxes (3,721) Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS (3,721) ------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (8,614) Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (8,614) ------------------ NET INCOME/(LOSS) $ (12,336) ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - FLEMING FOODS OF TEXAS, L.P. NOVEMBER 30, 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 1,003 Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 1,003 ------------------ NET INCOME/(LOSS) $ 1,003 ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003 - FLEMING INTERNATIONAL, LTD NOVEMBER 30, 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 (0) Taxes on income/(loss) - ------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (0) ------------------ NET INCOME/(LOSS) $ (0) ------------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- FLEMING TRANSPORTATION SERVICES, INC. NOVEMBER 30, 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 1 Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 1 ----------------- NET INCOME/(LOSS) $ 1 -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 1, 2003- HEAD DISTRIBUTING COMPANY NOVEMBER 30, 2003 - ------------------------------------------------------------------------ NET SALES $ 7,389 COSTS AND EXPENSES: Cost of sales (7,602) Selling and administrative (874) Reorganization items, net - Interest expense - Interest income and other 48 Impairment/restructuring charges - Litigation charges - ----------------- TOTAL COSTS AND EXPENSES (8,428) ----------------- Income/(Loss) before income taxes (1,038) Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (1,038) ----------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ----------------- NET INCOME/(LOSS) $ (1,038) -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 1, 2003- MINTER-WEISMAN CO. NOVEMBER 30,2003 - ------------------------------------------------------------------------ NET SALES $ 21,107 COSTS AND EXPENSES: Cost of sales (20,858) Selling and administrative (661) Reorganization items, net - Interest expense - Interest income and other (0) Impairment/restructuring charges - Litigation charges - ----------------- TOTAL COSTS AND EXPENSES (21,520) ----------------- Income/(Loss) before income taxes (413) Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (413) ----------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - ----------------- NET INCOME/(LOSS) $ (413) -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- PIGGLY WIGGLY COMPANY NOVEMBER 30,2003 - ------------------------------------------------------------------------ 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 (8) Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (8) ----------------- NET INCOME/(LOSS) $ (8) -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- PROGRESSIVE REALTY, INC. NOVEMBER 30, 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] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- RAINBOW FOOD GROUP, INC. NOVEMBER 30, 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 (145) Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (145) ----------------- NET INCOME/(LOSS) $ (145) -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- RETAIL INVESTMENTS, INC. NOVEMBER 30, 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] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- RFS MARKETING SERVICES, INC. NOVEMBER 30, 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 13 Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 13 ----------------- NET INCOME/(LOSS) $ 13 -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
NOVEMBER 2, 2003- RICHMAR FOODS, INC. NOVEMBER 30, 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 (48) Taxes on income/(loss) - ----------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (48) ----------------- NET INCOME/(LOSS) $ (48) -----------------
NOTES [1] 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: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. & SUBSIDIARIES [2] NOVEMBER 30, 2003 - --------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 662,141 Receivables, net [3] 545,608 Inventories 158,865 Assets held for sale [4] 5,485 Other current assets 43,785 ----------------- TOTAL CURRENT ASSETS 1,415,884 ----------------- Investments and notes receivable, net 889 Investment in direct financing leases 6,606 ----------------- Net property and equipment 45,549 ----------------- Other assets 49,904 ----------------- TOTAL ASSETS $ 1,518,832 ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable [3] $ 201,977 Liabilities held for sale - Other current liabilities [13] 49,826 ----------------- TOTAL CURRENT LIABILITIES 251,803 ----------------- Long-term debt - Long-term obligations under capital leases [13] 6,603 Other liabilities 9,209 Liabilities subject to compromise [5] [6] 2,850,393 Net intercompany due to (from) [7] (9,233) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,622 Reinvested earnings (deficit) (2,309,761) Accumulated other comprehensive income: Additional minimum pension liability (129,215) Cumulative foreign currency translation adjustment 2,189 ----------------- TOTAL SHAREHOLDERS' EQUITY $ (1,589,944) ----------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,518,832 -----------------
FORM MOR - 3 LIABILITIES SUBJECT TO COMPROMISE [5] [6] Debt and notes payable [8] [9] $ 1,881,980 Accounts payable [10] [14] 544,037 Closed store reserves [11] 48,719 Other liabilities [10] [15] 118,979 Pension obligation [12] [16] 230,570 Taxes payable [10] [17] 26,108 -------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,850,393
GENERAL [1] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. Consequently, the November reporting period will be for the period November 2, 2003 through November 30, 2003, or basically, the month of November for both the Core-Mark entities and the Fleming entities. The period close for all legal entities was as of November 30, 2003. [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. In addition, no individual Balance Sheets have been provided for these entities in the Monthly Operating Report. [3] The accounts receivable balance as of November 30, 2003 includes accounts due from customers as well as vendor deductions for PRADS, military, advertising and other vendor related deductions. The Company continues to reconcile such information and additional adjustments are expected in future periods. No amount has currently been reserved for receivables from vendors. Fleming continues to evaluate the recoverability of its customer accounts receivable. [4] Continuing Operations as of November 30, 2003 includes only the convenience business (Core-Mark, including the Fleming 7). Assets of all 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. The Company continues to reconcile its liabilities subject to compromise and anticipates additional adjustments will be made in future periods. [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 overstated. [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 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. balance sheet. 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 November balances. [10] Accounts payable includes trade payables and accrued expenses. Retailer incentives (previously in accounts payable) have been reclassified to accounts receivable. Other liabilities includes accrued compensation, accrued severance, union pension withdrawal liabilities, other current liabilities, deferred income, and other long-term liabilities. Taxes payable includes income taxes and taxes other than income. Cigarette taxes payable is included in accounts payable. The balances for these accounts resulted from an ongoing review of these accounts. The Company continues to reconcile these accounts and additional adjustments are expected in future periods. See also footnote 3 above. [11] Closed store reserves are November balances. [12] Pension obligation is a November balance. [13] Net balances for capital leases do not include an amount for estimated damages related to the Debtors' bankruptcy filing. CORE-MARK ENTITIES [14] Accounts payable includes trade payables and accrued expenses. Accounts payable represents a review of the accounts payable trial balance. See also footnote 3 above. [15] Other liabilities, which include accrued compensation, other current liabilities and other long-term liabilities, represent a review of the applicable balance sheet account. [16] Pension obligation is a November balance. [17] Taxes payable includes income taxes and taxes other than income. Income tax liability and taxes other than income represent a review of the applicable balance sheet accounts. 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: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
ABCO FOOD GROUP, INC. AS OF NOVEMBER 30, 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 1,300 Net intercompany due to (from) (1,295) 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 Debt and notes payable $ - Accounts payable - Closed store reserves - Other liabilities 1,300 Pension obligation - Taxes payable - -------------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,300
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
CORE-MARK INTERNATIONAL, INC. AS OF NOVEMBER 30, 2003 - --------------------------------------------------------- ----------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 63,672 Receivables, net 150,600 Inventories 98,732 Assets held for sale - Other current assets 18,794 ------------------ TOTAL CURRENT ASSETS 331,798 ------------------ Investments and notes receivable, net - Investment in direct financing leases - ------------------ Net property and equipment 19,679 ------------------ Other assets 37,107 ------------------ TOTAL ASSETS $ 388,583 ------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 84,280 Liabilities held for sale - Other current liabilities 6,029 ------------------ TOTAL CURRENT LIABILITIES 90,310 ------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities 2,989 Liabilities subject to compromise 116,471 Net intercompany due to (from) 178,813 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 adjustm - ------------------ TOTAL SHAREHOLDERS' EQUITY $ - ------------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 388,583 ------------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 108,718 Closed store reserves - Other liabilities - Pension obligation 5,578 Taxes payable 2,175 ------------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 116,471
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
CORE-MARK INTERRELATED COMPANIES, INC. AS OF NOVEMBER 30, 2003 - --------------------------------------------------------- ----------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 2,364 Inventories 6,830 Assets held for sale - Other current assets 47 ------------------ TOTAL CURRENT ASSETS 9,240 ------------------ Investments and notes receivable, net - Investment in direct financing leases - ------------------ Net property and equipment 306 ------------------ Other assets - ------------------ TOTAL ASSETS $ 9,547 ------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,289 Liabilities held for sale - Other current liabilities - ------------------ TOTAL CURRENT LIABILITIES 1,289 ------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,204 Net intercompany due to (from) 3,054 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 $ 9,547 ------------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,204 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ------------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,204
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
CORE-MARK MID-CONTINENT, INC. AS OF NOVEMBER 30, 2003 - --------------------------------------------------------- ----------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 25,824 Inventories 24,153 Assets held for sale - Other current assets 2,813 ------------------ TOTAL CURRENT ASSETS 52,791 ------------------ Investments and notes receivable, net - Investment in direct financing leases - ------------------ Net property and equipment 11,575 ------------------ Other assets 1,707 ------------------ TOTAL ASSETS $ 66,073 ------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable 11,077 Liabilities held for sale - Other current liabilities - ------------------ TOTAL CURRENT LIABILITIES 11,077 ------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 7,174 Net intercompany due to (from) 47,822 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 $ 66,073 ------------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 7,174 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ------------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,174
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF DUNIGAN FUELS, INC. NOVEMBER 30, 2003 - -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 2,733 Inventories Assets held for sale Other current assets ----------------- TOTAL CURRENT ASSETS 2,733 ----------------- Investments and notes receivable, net - Investment in direct financing leases - ----------------- Net property and equipment - ----------------- Other assets - ----------------- TOTAL ASSETS $ 2,733 ----------------- 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 8,741 Net intercompany due to (from) (6,009) 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 $ 2,733 -----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 8,569 Closed store reserves - Other liabilities 172 Pension obligation - Taxes payable - ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 8,741
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FAVAR CONCEPTS, LTD NOVEMBER 30, 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 $ - 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 555 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 Debt and notes payable $ - Accounts payable 555 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 555
NOTES [1] Refer to Fleming Companies,Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. NOVEMBER 30, 2003 - -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 598,133 Receivables, net 288,219 Inventories 10,789 Assets held for sale 5,485 Other current assets 15,781 ----------------- TOTAL CURRENT ASSETS 918,406 ----------------- Investments and notes receivable, net 889 Investment in direct financing leases 6,606 ----------------- Net property and equipment 8,126 ----------------- Other assets 10,457 ----------------- TOTAL ASSETS $ 944,485 ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 93,277 Liabilities held for sale - Other current liabilities 38,785 ----------------- TOTAL CURRENT LIABILITIES 132,062 ----------------- Long-term debt - Long-term obligations under capital leases 6,603 Other liabilities 6,019 Liabilities subject to compromise 2,641,880 Net intercompany due to (from) (252,136) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,622 Reinvested earnings (deficit) (2,309,761) Accumulated other comprehensive income: Additional minimum pension liability (129,215) Cumulative foreign currency translation adjustment 2,189 ----------------- TOTAL SHAREHOLDERS' EQUITY $ (1,589,944) ----------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 944,485 -----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ 1,881,980 Accounts payable 348,215 Closed store reserves 48,719 Other liabilities 115,291 Pension obligation 224,992 Taxes payable 22,683 ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,641,880
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING FOODS OF TEXAS, L.P. NOVEMBER 30, 2003 - -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 43,112 Inventories - Assets held for sale - Other current assets 3,473 ----------------- TOTAL CURRENT ASSETS 46,585 ----------------- Investments and notes receivable, net Investment in direct financing leases ----------------- Net property and equipment - ----------------- Other assets 4 ----------------- TOTAL ASSETS $ 46,589 ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,408 Liabilities held for sale Other current liabilities 386 ----------------- TOTAL CURRENT LIABILITIES 1,794 ----------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 29,353 Net intercompany due to (from) 15,442 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 $ 46,589 -----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 28,003 Closed store reserves - Other liabilities 100 Pension obligation - Taxes payable 1,250 ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 29,353
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING INTERNATIONAL, LTD NOVEMBER 30, 2003 - -------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 270 Inventories - Assets held for sale - Other current assets - ----------------- TOTAL CURRENT ASSETS 270 ----------------- Investments and notes receivable, net - Investment in direct financing leases - ----------------- Net property and equipment - ----------------- Other assets - ----------------- TOTAL ASSETS $ 270 ----------------- 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 - Net intercompany due to (from) 270 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 $ 270 -----------------
LIABILITIES SUBJECT TO COMPROMISE 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. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING TRANSPORTATION SERVICES, INC. NOVEMBER 30, 2003 - --------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 259 Inventories - Assets held for sale - Other current assets 1 ----------------- TOTAL CURRENT ASSETS 260 ----------------- Investments and notes receivable, net - Investment in direct financing leases - - ----------------- Net property and equipment 607 ----------------- Other assets - ----------------- TOTAL ASSETS $ 867 ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ (55) Liabilities held for sale - Other current liabilities 87 ----------------- TOTAL CURRENT LIABILITIES 32 ----------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 252 Net intercompany due to (from) 583 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 $ 867 -----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 252 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ------------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 252
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF HEAD DISTRIBUTING COMPANY NOVEMBER 30,2003 - ----------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 291 Receivables, net 11,123 Inventories 6,881 Assets held for sale - Other current assets 433 ---------------- TOTAL CURRENT ASSETS 18,727 ---------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------- Net property and equipment 3,051 ---------------- Other assets 475 ---------------- TOTAL ASSETS $ 22,254 ---------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,119 Liabilities held for sale - Other current liabilities - ---------------- TOTAL CURRENT LIABILITIES 1,119 ---------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,579 Net intercompany due to (from) 15,555 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 $ 22,254 ----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,579 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ---------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,579
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF MINTER-WEISMAN CO. NOVEMBER 30,2003 - ------------------ ---------------- ASSETS CURRENT ASSETS: Cash and cash equivalent $ 46 Receivables, net 12,626 Inventories 11,480 Assets held for sale - Other current assets 1,373 ---------------- TOTAL CURRENT ASSETS 25,525 ---------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------- Net property and equipment 2,205 ---------------- Other assets 38 ---------------- TOTAL ASSETS $ 27,767 ---------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 5,978 Liabilities held for sale - Other current liabilities - ---------------- TOTAL CURRENT LIABILITIES 5,978 ---------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 6,301 Net intercompany due to (from) 15,488 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 $ 27,767 ----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 6,301 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ---------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,301
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PIGGLY WIGGLY COMPANY NOVEMBER 30,2003 - ---------------------------------------- ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 567 Inventories - Assets held for sale - Other current assets (3) ---------------- TOTAL CURRENT ASSETS 564 ---------------- Investments and notes receivable, net - Investment in direct financing leases - ---------------- Net property and equipment - ---------------- Other assets - ---------------- TOTAL ASSETS $ 564 ---------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 270 Liabilities held for sale - Other current liabilities 16 ---------------- TOTAL CURRENT LIABILITIES 285 ---------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 229 Net intercompany due to (from) 49 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 $ 564 ----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 229 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ---------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 229
Notes [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FROM MOR-3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PROGRESSIVE REALTY, INC. NOVEMBER 30, 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 $ - Liabilities held for sale - Other current liabilities 1,510 ----------------- TOTAL CURRENT LIABILITIES 1,510 ----------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 9 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 Debt and notes payable $ - Accounts payable 9 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RAINBOW FOOD GROUP, INC. NOVEMBER 30, 2003 - ------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 3,353 Inventories - Assets held for sale - Other current assets 23 --------- TOTAL CURRENT ASSETS 3,376 --------- Investments and notes receivable, net - Investment in direct financing leases - Net property and equipment - --------- Other assets 80 --------- TOTAL ASSETS $ 3,457 --------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,241 Liabilities held for sale - Other current liabilities 43 --------- TOTAL CURRENT LIABILITIES 1,284 --------- Long-term debt - Long-term obligations under capital leases - Other liabilities 201 Liabilities subject to compromise 17,597 Net intercompany due to (from) (15,626) 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 $ 3,457 ---------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 17,597 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 17,597
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RETAIL INVESTMENTS, INC. NOVEMBER 30, 2003 - -------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net - nventories - 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 - --------- TOTAL ASSETS $ (3) --------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ (1) Liabilities held for sale - Other current liabilities - --------- TOTAL CURRENT LIABILITIES (1) --------- 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 $ (3) ---------
LIABILITIES SUBJECT TO COMPROMISE 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. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RFS MARKETING SERVICES, INC. NOVEMBER 30, 2003 - ------------------------------------------------------------ ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 23 Inventories - Assets held for sale - Other current assets 1 ----------------- TOTAL CURRENT ASSETS 24 ----------------- Investments and notes receivable, net - Investment in direct financing leases - ----------------- Net property and equipment - ----------------- Other assets 33 ----------------- TOTAL ASSETS $ 57 ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 12 Liabilities held for sale - Other current liabilities 10 ----------------- TOTAL CURRENT LIABILITIES 22 ----------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) 36 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 $ 57 -----------------
LIABILITIES SUBJECT TO COMPROMISE 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. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RICHMAR FOODS, INC. NOVEMBER 30, 2003 - ------------------------------------------------------------ ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 4,535 Inventories - Assets held for sale - Other current assets 1,050 ----------------- TOTAL CURRENT ASSETS 5,586 ----------------- Investments and notes receivable, net - Investment in direct financing leases - ----------------- Net property and equipment - ----------------- Other assets - ----------------- TOTAL ASSETS $ 5,586 ----------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 2,082 Liabilities held for sale - Other current liabilities 2,964 ----------------- TOTAL CURRENT LIABILITIES 5,045 ----------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 9,746 Net intercompany due to (from) (9,206) 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 $ 5,586 -----------------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 7,631 Closed store reserves - Other liabilities 2,115 Pension obligation - Taxes payable - ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9,746
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 (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.
FLEMING [9] BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX LIABILITY ACCRUED PAID [10] LIABILITY ------------ ------------ ---------- ------------ FEDERAL - ------- Payroll Taxes [1] $ - $ - $ - $ - ------------ ------------ ---------- ------------ Income $ (937) 550 (387) ------------ ------------ ---------- ------------ TOTAL FEDERAL TAXES $ (937) $ - $ 550 $ (387) ------------ ------------ ---------- ------------ STATE AND LOCAL - --------------- Payroll Taxes [1] $ - $ - $ - $ - ------------ ------------ ---------- ------------ Sales [2] $ (1,889) - 145 (1,744) ------------ ------------ ---------- ------------ Excise [2] $ 67 (67) - ------------ ------------ ---------- ------------ & Personal Property [3] $ (4,274) - 1,833 (2,441) ------------ ------------ ---------- ------------ Cigarette & Tobacco [4] $ - - - - ------------ ------------ ---------- ------------ Franchise [2] $ (150) 70 (64) (144) ------------ ------------ ---------- ------------ Total State and Local $ (6,246) $ 70 $ (1,847) $ (4,329) ------------ ------------ ---------- ------------ TOTAL TAXES $ (7,183) $ 70 2,397 (4,716) ============ ============ ========== ============
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY - ------------- ------------ ------------ ---------- ------------ FEDERAL - ------- Payroll Taxes [1] $ (346) $ (2,324) $ 2,345 $ (325) ------------ ------------ --------- ------------ Income $ - - - - ------------ ------------ --------- ------------ TOTAL FEDERAL TAXES $ (346) $ (2,324) $ 2 ,345 $ (325) ------------ ------------ --------- ------------ STATE AND LOCAL - --------------- Payroll Taxes [1] $ (2) $ (308) $ 309 $ (1) ------------ ------------ --------- ------------ Sales $ (12) (38) 37 (13) ------------ ------------ --------- ------------ Excise $ (370) (91) 177 (284) ------------ ------------ --------- ------------ Real & Personal Property [3] $ (625) (118) 92 (651) ------------ ------------ --------- ------------ Cigarette & Tobacco $ (43,044) (69,775) 79,306 (33,513) ------------ ------------ --------- ------------ Other: GST [5] $ (2,268) (1,933) - (4,201) ------------ ------------ --------- ------------ Other: Spokane & Portland B&O Ta[6] $ (120) (46) 59 (107) ------------ ------------ --------- ------------ Total State and Local $ (46,441) $ (72,310) $ 79,980 $ (38,770) ------------ ------------ --------- ------------ TOTAL TAXES $ (46,787) $ (74,634) $ 82,326 $ (39,094) ============ ============ ========== ============
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT - ------------------------------------------------- ------------ Current $ - 0 - 30 days [7] 98,234 31 - 60 days - 61 - 90 days - 91+ days - Total Accounts Payable [8] $ 98,234
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS[9] AMOUNT - ------------------------------------------------- ------------ Current $ - 0 - 30 days [7] 103,743 31 - 60 days - 61 - 90 days - 91+ days - Total Accounts Payable [8] $ 103,743
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. [2] Sales, Excise and Franchise postpetition taxes are calculated by adding to the period 11 balance the net accrual increase/decrease in the period ending November 30th. [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] There is no longer an accrual or expense related to cigarette and tobacco taxes as all the applicable Fleming entities have been closed or sold. [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. Core-Mark's aging includes Head and Minter-Weisman and Fleming's includes the four convenience divisions that are part of Fleming Companies, Inc. [8] Accounts Payable per the Balance Sheet includes trade accounts payable and other accrued expenses. See footnote [2] on Form MOR-5. [9] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. Consequently, the November reporting period will be for the period November 2, 2003 through November 30, 2003. Effective with this reporting period, Core-Mark entities are on the same reporting schedule as the Fleming entities. [10] Amount Paid represents amounts paid, amounts received and other FORM MOR - 4 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 (Dolllars in 000's) ACCCOUNTS RECEIVABLE AGENCIES
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT - ---------------------------------------------- --------- Not Due $ 24,713 --------- Current 9,618 --------- 1 - 7 days old 1,165 --------- 8 - 14 days old 1,165 --------- 15 - 21 days old 1,165 --------- + Over 21 days 382,344 --------- Credits Over 21 days [7] - --------- Total Accounts Receivable $ 420,170 --------- Amount considered uncollectible (Bad Debt) [3] (77,099) --------- Accounts Receivable (Net) $ 343,071 ---------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT - ---------------------------------------------- --------- Current $ 184,575 --------- 1 - 30 days old 15,952 --------- 31 - 45 days old 2,387 --------- 40 - 60 days old 865 --------- 61 - 90 days old 873 --------- 91 - 120 days old 423 --------- + Over 120 days 6,562 --------- Total Accounts Receivable $ 211,637 --------- Amount considered uncollectible (Bad Debt) [3] (9,100) --------- Accounts Receivable (Net) $ 202,537 ---------
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] Of the Core-Mark's 7 Eastern divisions ("Fleming 7"), Core-Mark's accounts receivable aging includes Head and Minter-Weisman and Fleming's accounts receivable aging includes the four convenience divisions that are part of Fleming Companies, Inc. In cases where detail accounts receivable amounts are not available, the amount is allocated to the aging brackets based on each brackets percentage of the total aged accounts receivable amount. [2] In addition to the aging of customer accounts receivable, a large portion of the Fleming receivable balance is from reclassifying vendor deductions from accounts payable, which has been listed as over 21 days. No amount has currently been reserved for these receivables from vendors. Also included in accounts receivable are royalties related to the sale of the wholesale business, which have been listed as "not due". [3] Amount considered uncollectible (Bad Debt) is per the general ledger for all entities as of November 30, 2003. [4] Core-Mark's Accounts Receivable data is for Core-Mark's month ended November 30, 2003. Further, Core-Mark's Accounts Receivable Aging total differed from the general ledger total due to timing differences and adjustments, including reclassifying vendor deductions from accounts payable. The receivable balance not supported by an aging was listed as current. No amount has currently been reserved for receivables from vendors. [5] During the month of November, Fleming sold two retail stores and rejected a lease with subtenant for value. The total proceeds of these transactions were approximately $2.3 million. [6] The Wisconsin Sales & Use Tax return, for the Milwaukee Product Supply Center, has not been filed in a timely manner. A final Wisconsin Sales & Use Tax return for 2003 will be filed in January 2004 once all the necessary information has been received. [7] Due to changes in the operating system, the dollar amount of credits that are included in the total aged accounts receivable balance is not available. FORM MOR - 5 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 11/02/03 - 11/30/03 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 LOGO] 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: NOVEMBER 1 TO NOVEMBER 30, 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, all returns were timely filed with the appropriate jurisdictions, with the following exception: Milwaukee Product Supply Center: Wisconsin Sales & Use Tax Final Return 2003. This return will be filed in January, 2004 upon receipt of further information. 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. January 13, 2004 /s/ Lisa P. Shield ------------------------- ------------------------------ Dtae Lisa P. Shield, Partner EX-99.2 4 d12918exv99w2.txt MONTHLY OPERATING REPORT 12/1/03 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: 12/01/03 - 12/31/03 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 February 17,2004 Printed Name of Responsible Party ------------------------------- Date: February 17, 2004 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 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] [12] [13] [14]:
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: 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] Period 10 refers to September 7, 2003 through October 4, 2003. [12] Period 11 refers to October 5, 2003 through November 1, 2003. [13] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. All Core-Mark and Fleming entities are now on the same reporting basis. [14] The Monthly Operating Report excludes financial activity related to non-Debtor entities (i.e., Cerespan.com and Choteau Development Company, LLC, etc.). FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 WEEKLY RECEIPTS AND DISBURSEMENTS [1] (DOLLARS IN 000'S)
WEEK 1 WEEK 2 WEEK 3 WEEK 4 ----------- ----------- ----------- ----------- CASH RECEIPTS: Fleming Receipts[3] $ (929) (311) 3,500 1,548 Core-Mark Receipts[3] 71,386 64,864 61,757 54,855 Asset / Excess Inventory Sales & Other 1,334 2,150 (331) 11,110 ----------- ----------- ----------- ----------- ACTUAL RECEIPTS $ 71,792 $ 66,703 $ 64,926 $ 67,514 ----------- ----------- ----------- ----------- CASH DISBURSEMENTS FROM OPERATIONS: Material Purchases - Fleming [3] $ - (23) (58) (81) Material Purchases - Core-Mark[3] (32,131) (47,017) (57,100) (51,217) Tax Disbursements - Cigarettes (8,777) (8,885) (14,940) (8,813) Tax Disbursements - Other (495) (54) (38) (109) Employee & Payroll (4,905) (1,849) (4,466) (1,405) Lease & Recurring Costs (739) (652) (595) (46) Other Operating Costs (1,526) (2,761) (2,927) (1,889) ----------- ----------- ----------- ----------- ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (48,573) $ (61,241) $ (80,124) $ (63,560) ----------- ----------- ----------- ----------- CASH DISBURSEMENTS FROM NON-OPERATIONS: DSD/Critical Vendor/PACA Payments [2][4] $ (3,500) - - (54) Capital Expenditures - - - - Restructuring & Professional Fees (79) (2,566) (1,968) (2,911) Interest & Financing (399) (17) (10) - Other Non-Operating Costs - - - - ----------- ----------- ----------- ----------- ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (3,978) $ (2,583) $ (1,978) $ (2,965) ----------- ----------- ----------- ----------- TOTAL ACTUAL DISBURSEMENTS $ (52,551) $ (63,823) $ (82,101) $ (66,525) ----------- ----------- ----------- ----------- CURRENT PERIOD CUMULATIVE FILING TO WEEK 5 TOTAL DATE ------------ ----------- -------------------- CASH RECEIPTS: Fleming Receipts[3] (2,391) $ 1,417 $ 2,416,953 Core-Mark Receipts[3] 41,675 294,538 3,050,974 Asset / Excess Inventory Sales & Other 2,344 16,608 319,294 ----------- ----------- ----------- ACTUAL RECEIPTS $ 41,628 $ 312,563 $ 5,787,221 ----------- ----------- ----------- CASH DISBURSEMENTS FROM OPERATIONS: Material Purchases - Fleming [3] - $ (162) $(1,618,908) Material Purchases - Core-Mark[3] (41,683) (229,147) (2,269,004) Tax Disbursements - Cigarettes (7,390) (48,806) (446,096) Tax Disbursements - Other (18) (714) (9,869) Employee & Payroll (4,103) (16,727) (329,802) Lease & Recurring Costs (462) (2,494) (92,900) Other Operating Costs (2,705) (11,808) (245,978) ----------- ----------- ----------- ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (56,361) $ (309,858) $(5,012,558) ----------- ----------- ----------- CASH DISBURSEMENTS FROM NON-OPERATIONS: DSD/Critical Vendor/PACA Payments [2][4] $ (3,554) $ (96,335) Capital Expenditures - - (2,216) Restructuring & Professional Fees (3,321) (10,845) (58,815) Interest & Financing (1,523) (1,949) (81,208) Other Non-Operating Costs - - - ----------- ----------- ----------- ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (4,845) $ (16,348) $ (238,573) ----------- ----------- ----------- TOTAL ACTUAL DISBURSEMENTS $ (61,205) $ (326,206) $(5,251,131) ----------- ----------- -----------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN) TOTAL DISBURSEMENTS $(326,206) 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 $(326,206)
NOTES [1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's December 1 through December 31 receipts and disbursements. Week 5 contains only 3 business days. [2] The December Monthly Operating report (including the period 4 through period 11 plus November 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. [3] All seven of the Core-Mark eastern divisions are included in the Core-Mark amounts. [4] A $3.5 million DSD escrow disbursement made on November 26, 2003 was inadvertently excluded from the November MOR, but is reported above as week 1 activity in December. FORM MOR - 1A FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 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 $ (197,602) $ (1,974,288) Fleming Companies, Inc. [4] 03-10945 (34,115) (2,116,722) 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 (47,580) (432,893) Core-Mark Interrelated Companies, Inc. 03-10951 (9,161) (70,473) 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 (113,199) Fleming International, Ltd. 03-10956 (1,399) Fleming Transportation Service, Inc. 03-10957 124 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 (9,078) (66,724) Minter Weisman Co. 03-10964 (28,670) (205,514) Piggly Wiggly Company 03-10965 (891) Progressive Realty, Inc. 03-10966 (4) Rainbow Food Group, Inc. 03-10967 (31,595) Retail Investments, Inc. 03-10968 (165,252) Retail Supermarkets, Inc. 03-10970 - RFS Marketing Services, Inc. 03-10971 - Richmar Foods, Inc. 03-10972 (71,566) Dunigan Fuels, Inc. 03-10973 (67) ---------- ------------ TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (326,206) $ (5,251,131) ---------- ------------
NOTES [1] Employee and Payroll disbursements, per the Weekly Receipts and Disbursements schedule, were paid $2.8 million for Fleming Companies, Inc. and $13.2 million to Core-Mark International, Inc. Benefits paid of $.8 million were allocated between Fleming and Core-Mark based on each entities payroll for the month. [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 12/01/03 - 12/31/03 for the Current Period and for 4/1/03 - 12/31/03 for the Cumulative Filing to Date. [4] A $3.5 million DSD escrow disbursement made on November 26, 2003 was inadvertently excluded from the November MOR, but is reported in the current period and cumulative filing to date numbers above. FORM MOR - 1B FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/31/03 BANK ACCOUNT INFORMATION
ACCOUNT PETITIONING ENTITIES BANK NUMBER TYPE -------------------- ---- ------ ---- Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement Core-Mark International, Inc Bank Of Montreal 07600000313 Depository/Disbursement Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement Core-Mark International, Inc Bank Of Montreal 07604601086 FX Swap Funding Acct Core-Mark International, Inc JP Morgan 323252028 Depository Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement Core-Mark International, Inc Scotia Bank 112390010715 Depository Core-Mark International, Inc Scotia Bank 71480000914 Depository Core-Mark International, Inc Scotia Bank 4052700104313 Depository Core-Mark International, Inc Scotia Bank 714800001414 Depository Core-Mark International, Inc Scotia Bank 714800011312 Depository Core-Mark International, Inc Washington Trust Bank 1001823194 Depository Core-Mark International, Inc Wells Fargo 4159287788 Depository Core-Mark International, Inc Wells Fargo 4518099999 Depository Core-Mark International, Inc Wells Fargo 4311848436 Depository Core-Mark International, Inc Wells Fargo 4159555366 Depository Core-Mark International, Inc Wells Fargo 4518100110 Depository Core-Mark International, Inc Wells Fargo 4128523081 Depository Core-Mark International, Inc Wells Fargo 4518100235 Depository Core-Mark International, Inc Wells Fargo 4518100177 Depository Core-Mark International, Inc Wells Fargo 4758355309 Depository Core-Mark International, Inc Wells Fargo 4159688902 Depository Core-Mark International, Inc Wells Fargo 4091220731 Depository Core-Mark International, Inc Wells Fargo 4801900069 Depository Core-Mark International, Inc Wells Fargo 4801908815 Depository Core-Mark International, Inc Wells Fargo 4496851460 Depository Core-Mark International, Inc Wells Fargo 4311848584 Disbursement Core-Mark International, Inc Wells Fargo 4759613938 Disbursement Core-Mark International, Inc Wells Fargo 4518110564 Disbursement Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement Core-Mark International, Inc Wilson & Muir 7516436 Depository Fleming Companies, Inc. Bank of America 8,188,812,687 Depository Fleming Companies, Inc. Bank of America 3751525666 Depository Fleming Companies, Inc. Bank of America 3751508777 Depository Fleming Companies, Inc. Bank of America 3751022745 Depository Fleming Companies, Inc. Bank One 10148350 Disbursement Fleming Companies, Inc. Fleet Non Union Health 1713312 Disbursement Fleming Companies, Inc. JP Morgan 22426761 Disbursement Fleming Companies, Inc. JP Morgan 88063623919 Depository Fleming Companies, Inc. JP Morgan 8806363428 Depository Fleming Companies, Inc. JP Morgan 323252842 Depository Fleming Companies, Inc. JP Morgan 8806258339 Depository Fleming Companies, Inc. JP Morgan 8806247712 Depository Fleming Companies, Inc. JP Morgan 8806232185 Depository Fleming Companies, Inc. JP Morgan 8806232227 Depository Fleming Companies, Inc. JP Morgan 8806258271 Depository/Disbursement Fleming Companies, Inc. JP Morgan 8806362958 Depository/Disbursement Fleming Companies, Inc. JP Morgan 8806170047 Disbursement Fleming Companies, Inc. JP Morgan 8805174594 Disbursement Fleming Companies, Inc. JP Morgan 6300030353 Disbursement Fleming Companies, Inc. JP Morgan 8805223029 Disbursement Fleming Companies, Inc. JP Morgan 6300065052 Disbursement Fleming Companies, Inc. JP Morgan 6300062117 Disbursement Fleming Companies, Inc. JP Morgan 6300036160 Disbursement Fleming Companies, Inc. JP Morgan 6300064998 Disbursement Fleming Companies, Inc. Washington Mutual Bank 0673106722 Escrow Fleming Companies, Inc. Washington Mutual Bank 374854494 Escrow Head Distributing Co. Bank Of America 3752010688 Depository Head Distributing Co. Suntrust 8801337430 Depository
FORM MOR - 1C FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/31/03 BANK ACCOUNT INFORMATION
ACCOUNT PETITIONING ENTITIES BANK NUMBER TYPE -------------------- ---- ------ ---- 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 - 1C FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - FLEMING COMPANIES, INC. & SUBSIDIARIES [2] DECEMBER 31, 2003 ------------------------------------------ ------------------ NET SALES $ 344,412 COSTS AND EXPENSES: [3] Cost of sales (337,514) Selling and administrative (11,727) Reorganization items, net (4,773) Interest expense (2,435) Interest income and other 882 Impairment/restructuring charges (4,424) Litigation charges --------- TOTAL COSTS AND EXPENSES (359,991) --------- Income/(Loss) before income taxes (15,580) Taxes on income/(loss) [3] (228) --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS [4] (15,808) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (10,901) Taxes on income/(loss) [3] (658) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS [4] (11,559) --------- NET INCOME/(LOSS) $ (27,367) ---------
NOTES [1] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. All Core-Mark and Fleming entities are now on the same reporting basis. [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. In addition, no individual Statement of Operations have been provided for these legal entities 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.). The Fleming Convenience operations have not yet finalized their year-end income tax provision and fourth quarter LIFO adjustment. When these entries, and other entries affecting only the balance sheet, are finalized, this MOR will be amended to reflect such adjustments. [4] Continuing Operations as of December 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. Four convenience locations were closed during 2003 (Marshfield in June and Adel (part of Head Distributing), Chicago, and Altoona at the end of 2003) with a portion of their business relocating to other convenience locations. None of this convenience business has been reclassified as Discontinued Operations. FORM MOR - 2 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - ABCO FOOD GROUP, INC. DECEMBER 31, 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 (2) Taxes on income/(loss) - ---- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (2) ---- NET INCOME/(LOSS) $ (2) ----
NOTES [1] 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: 12/01/03 -12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - CORE-MARK INTERNATIONAL, INC. DECEMBER 31, 2003 ----------------------------- ------------------ NET SALES $ 245,065 COSTS AND EXPENSES: Cost of sales (236,580) Selling and administrative (5,733) Reorganization items, net (4,771) Interest expense (2,435) Interest income and other 843 Impairment/restructuring charges - Litigation charges - --------- TOTAL COSTS AND EXPENSES (248,675) --------- Income/(Loss) before income taxes (3,610) Taxes on income/(loss) (6) --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (3,616) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- NET INCOME/(LOSS) $ (3,616) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - CORE-MARK INTERRELATED COMPANIES, INC. DECEMBER 31, 2003 -------------------------------------- ------------------ NET SALES $ 8,345 COSTS AND EXPENSES: Cost of sales (10,463) Selling and administrative (91) Reorganization items, net - Interest expense - Interest income and other (0) Impairment/restructuring charges - Litigation charges - --------- TOTAL COSTS AND EXPENSES (10,554) --------- Income/(Loss) before income taxes (2,208) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (2,208) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- NET INCOME/(LOSS) $ (2,208) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - CORE-MARK MID-CONTINENT, INC. DECEMBER 31, 2003 ----------------------------- ------------------ NET SALES $ 43,182 COSTS AND EXPENSES: Cost of sales (40,773) Selling and administrative (869) Reorganization items, net - Interest expense - Interest income and other 52 Impairment/restructuring charges - Litigation charges - --------- TOTAL COSTS AND EXPENSES (41,590) --------- Income/(Loss) before income taxes 1,593 Taxes on income/(loss) (15) --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 1,578 --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- NET INCOME/(LOSS) $ 1,578 ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 01, 2003 - DUNIGAN FUELS, INC. DECEMBER 31, 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 (1,240) Taxes on income/(loss) (1) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1,241) --------- NET INCOME/(LOSS) $ (1,241) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - FAVAR CONCEPTS, LTD DECEMBER 31, 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 0 Taxes on income/(loss) (0) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (0) --------- NET INCOME/(LOSS) $ (0) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - FLEMING COMPANIES, INC. DECEMBER 31, 2003 ----------------------- ------------------- NET SALES $ 16,371 COSTS AND EXPENSES: Cost of sales (17,600) Selling and administrative (3,369) Reorganization items, net (2) Interest expense - Interest income and other 1 Impairment/restructuring charges (3,516) Litigation charges - --------- TOTAL COSTS AND EXPENSES (24,486) --------- Income/(Loss) before income taxes (8,116) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (8,116) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (11,042) Taxes on income/(loss) (550) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (11,592) --------- NET INCOME/(LOSS) $ (19,708) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - FLEMING FOODS OF TEXAS, L.P. DECEMBER 31, 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 316 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 316 --------- NET INCOME/(LOSS) $ 316 ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - FLEMING INTERNATIONAL, LTD DECEMBER 31, 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) (20) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (20) --------- NET INCOME/(LOSS) $ (20) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - FLEMING TRANSPORTATION SERVICES, INC. DECEMBER 31, 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 10 Taxes on income/(loss) (0) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 10 --------- NET INCOME/(LOSS) $ 10 ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - HEAD DISTRIBUTING COMPANY DECEMBER 31, 2003 ------------------------- ------------------ NET SALES $ 7,874 COSTS AND EXPENSES: Cost of sales (8,746) Selling and administrative (630) Reorganization items, net - Interest expense - Interest income and other (16) Impairment/restructuring charges (909) Litigation charges - --------- TOTAL COSTS AND EXPENSES (10,301) --------- Income/(Loss) before income taxes (2,427) Taxes on income/(loss) (140) --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (2,567) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- NET INCOME/(LOSS) $ (2,567) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - MINTER-WEISMAN CO. DECEMBER 31, 2003 ------------------ ------------------ NET SALES $ 23,574 COSTS AND EXPENSES: Cost of sales (23,353) Selling and administrative (1,035) Reorganization items, net - Interest expense - Interest income and other 2 Impairment/restructuring charges - Litigation charges - --------- TOTAL COSTS AND EXPENSES (24,385) --------- Income/(Loss) before income taxes (811) Taxes on income/(loss) (67) --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (878) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- NET INCOME/(LOSS) $ (878) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - PIGGLY WIGGLY COMPANY DECEMBER 31, 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 (12) Taxes on income/(loss) (85) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (97) --------- NET INCOME/(LOSS) $ (97) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
PROGRESSIVE REALTY, INC. DECEMBER 1, 2003 - DECEMBER 31, 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 1,209 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 1,209 --------- NET INCOME/(LOSS) $ 1,209 ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - RAINBOW FOOD GROUP, INC. DECEMBER 31, 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 (215) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (215) --------- NET INCOME/(LOSS) $ (215) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - RETAIL INVESTMENTS, INC. DECEMBER 31, 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 (1) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1) --------- NET INCOME/(LOSS) $ (1) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - RFS MARKETING SERVICES, INC. DECEMBER 31, 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 (25) Taxes on income/(loss) (2) --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (27) --------- NET INCOME/(LOSS) $ (27) ---------
NOTES [1] 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: 12/01/03 - 12/31/03 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
DECEMBER 1, 2003 - RICHMAR FOODS, INC. DECEMBER 31, 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 102 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 102 --------- NET INCOME/(LOSS) $ 102 ---------
NOTES [1] 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: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. & SUBSIDIARIES [2] DECEMBER 31, 2003 - ---------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents [15] $ 389,888 Receivables, net [3] 501,392 Inventories 185,369 Assets held for sale [4] 3,151 Other current assets 39,200 ----------- TOTAL CURRENT ASSETS 1,119,001 ----------- Investments and notes receivable, net 889 Investment in direct financing leases 1,606 Net property and equipment 40,227 Other assets 49,464 ----------- TOTAL ASSETS $ 1,211,187 ----------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable [3] $ 239,842 Liabilities held for sale - Other current liabilities [14] 44,668 ----------- TOTAL CURRENT LIABILITIES 284,510 ----------- Long-term debt - Long-term obligations under capital leases [14] 1,593 Other liabilities 8,182 Liabilities subject to compromise [5] [6] 2,544,285 Net intercompany due to (from) [7] (10,376) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,623 Reinvested earnings (deficit) (2,337,129) Accumulated other comprehensive income: Additional minimum pension liability (129,215) Cumulative foreign currency translation adjustment 2,493 ------------ TOTAL SHAREHOLDERS' EQUITY $ (1,617,006) ------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,211,187 ------------
FORM MOR - 3 LIABILITIES SUBJECT TO COMPROMISE [5] [6] Debt and notes payable [8] [10] $ 1,621,714 Accounts payable [11] [16] 501,772 Closed store reserves [12] 48,719 Other liabilities [11] [17] 126,014 Pension obligation [13] [18] 229,942 Taxes payable [11] [19] 16,124 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,544,285
GENERAL [1] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. All Core-Mark and Fleming entities are now on the same reporting basis. [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. In addition, no individual Balance Sheets have been provided for these entities in the Monthly Operating Report. [3] The accounts receivable balance as of December 31, 2003 includes accounts due from customers as well as vendor deductions for PRADS, military, advertising and other vendor related deductions. The Company continues to reconcile such information and additional adjustments are expected in future periods. No amount has currently been reserved for receivables from vendors. Fleming continues to evaluate the recoverability of its customer accounts receivable. [4] Continuing Operations as of December 31, 2003 includes only the convenience business (Core-Mark, including the Fleming 7). Assets of all 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. The Company continues to reconcile its liabilities subject to compromise and anticipates additional adjustments will be made in future periods.. [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 overstated. [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 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. balance sheet. [9] The Fleming Convenience operations have not finalized their balance sheet as of year-end for entries to income tax provision, the fourth quarter LIFO adjustment, and the additional minimum pension liability adjustment. When these entries are finalized, this MOR will be amended to reflect such adjustments. FLEMING ENTITIES [10] Debt and notes payable includes bonds, revolver and term Loan and related accrued interest. The debt and notes payable (excluding accrued interest) are December balances. [11] Accounts payable includes trade payables and accrued expenses. Retailer incentives (previously in accounts payable) have been reclassified to accounts receivable. Other liabilities includes accrued compensation, accrued severance, union pension withdrawal liabilities, other current liabilities, deferred income, and other long-term liabilities. Taxes payable includes income taxes and taxes other than income. Cigarette taxes payable is included in accounts payable. The balances for these accounts resulted from an ongoing review of these accounts. The Company continues to reconcile these accounts and additional adjustments are expected in future periods. See also footnote 3 above. [12] Closed store reserves are December balances. [13] Pension obligation is a December balance. [14] Net balances for capital leases do not include an amount for estimated damages related to the Debtors' bankruptcy filing. [15] Cash and cash equivalents includes restricted cash related to the collateralization of prepetition letters of credit totaling approximately $67 million. CORE-MARK ENTITIES [16] Accounts payable includes trade payables and accrued expenses. Accounts payable represents a review of the accounts payable trial balance. See also footnote 3 above. [17] Other liabilities, which include accrued compensation, other current liabilities and other long-term liabilities, represent a review of the applicable balance sheet account. [18] Pension obligation is a December balance. [19] Taxes payable includes income taxes and taxes other than income. Income tax liability and taxes other than income represent a review of the applicable balance sheet accounts. 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: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF ABCO FOOD GROUP, INC. DECEMBER 31, 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 - --------- TOTAL ASSETS $ 3 --------- 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 1,300 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 $ 3 ---------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 1,300 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,300
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERNATIONAL, INC. DECEMBER 31, 2003 - ---------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 50,518 Receivables, net 141,364 Inventories 120,304 Assets held for sale - Other current assets 28,289 --------- TOTAL CURRENT ASSETS 340,476 --------- Investments and notes receivable, net - Investment in direct financing leases - --------- Net property and equipment 19,783 --------- Other assets 36,508 --------- TOTAL ASSETS $ 396,766 --------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 108,118 Liabilities held for sale - Other current liabilities 6,433 --------- TOTAL CURRENT LIABILITIES 114,551 --------- Long-term debt - Long-term obligations under capital leases - Other liabilities 2,989 Liabilities subject to compromise 104,508 Net intercompany due to (from) 174,718 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 $ 396,766 ---------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 96,746 Closed store reserves - Other liabilities - Pension obligation 5,578 Taxes payable 2,184 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 104,508
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERRELATED COMPANIES, INC. DECEMBER 31, 2003 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 2,474 Inventories 7,383 Assets held for sale - Other current assets 49 -------- TOTAL CURRENT ASSETS 9,905 -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment 321 -------- Other assets - -------- TOTAL ASSETS $ 10,226 -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,854 Liabilities held for sale - Other current liabilities - -------- TOTAL CURRENT LIABILITIES 1,854 -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,242 Net intercompany due to (from) 3,130 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 $ 10,226 --------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,242 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,242
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK MID-CONTINENT, INC. DECEMBER 31, 2003 - -------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 25,309 Inventories 27,569 Assets held for sale - Other current assets 2,869 -------- TOTAL CURRENT ASSETS 55,747 -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment 11,534 -------- Other assets 1,564 --------- TOTAL ASSETS $ 68,845 -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 14,597 Liabilities held for sale - Other current liabilities 15 -------- TOTAL CURRENT LIABILITIES 14,612 -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,800 Net intercompany due to (from) 48,433 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 $ 68,845 --------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,800 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,800
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF DUNIGAN FUELS, INC. DECEMBER 31, 2003 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 2,720 Inventories - Assets held for sale - Other current assets - ---------- TOTAL CURRENT ASSETS 2,720 ---------- Investments and notes receivable, net - Investment in direct financing leases - ---------- Net property and equipment - ---------- Other assets - ---------- TOTAL ASSETS $ 2,720 ---------- 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 172 Liabilities subject to compromise 8,569 Net intercompany due to (from) (6,021) 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 $ 2,720 ----------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 8,569 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ---------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 8,569
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FAVAR CONCEPTS, LTD DECEMBER 31, 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 $ 0 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 555 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 $ 0 ----------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 555 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ---------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 555
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. DECEMBER 31, 2003 - ---------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents [2] $ 338,584 Receivables, net 265,035 Inventories 7,783 Assets held for sale 3,151 Other current assets 5,782 ----------- TOTAL CURRENT ASSETS 620,336 ----------- Investments and notes receivable, net 889 Investment in direct financing leases 1,606 ----------- Net property and equipment 4,537 ----------- Other assets 10,791 ----------- TOTAL ASSETS $ 638,159 ----------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 107,545 Liabilities held for sale - Other current liabilities 35,988 ----------- TOTAL CURRENT LIABILITIES 143,533 ----------- Long-term debt - Long-term obligations under capital leases 1,593 Other liabilities 5,020 Liabilities subject to compromise 2,362,095 Net intercompany due to (from) (257,076) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,623 Reinvested earnings (deficit) (2,337,129) Accumulated other comprehensive income: Additional minimum pension liability (129,215) Cumulative foreign currency translation adjustment 2,493 ----------- TOTAL SHAREHOLDERS' EQUITY $(1,617,006) ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 638,159 -----------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ 1,621,714 Accounts payable 331,114 Closed store reserves 48,719 Other liabilities 123,494 Pension obligation 224,364 Taxes payable 12,691 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,362,095
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] Cash and cash equivalents includes restricted cash related to the collateralization of prepetition letters of credit totaling approximately $67 million. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING FOODS OF TEXAS, L.P. DECEMBER 31, 2003 - -------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 27,483 Inventories - Assets held for sale - Other current assets 425 --------- TOTAL CURRENT ASSETS 27,907 --------- Investments and notes receivable, net - Investment in direct financing leases - --------- Net property and equipment - --------- Other assets 4 --------- TOTAL ASSETS $ 27,911 --------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 300 Liabilities held for sale - Other current liabilities (2) --------- TOTAL CURRENT LIABILITIES 297 --------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 13,865 Net intercompany due to (from) 13,749 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 $ 27,911 ---------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 12,209 Closed store reserves - Other liabilities 405 Pension obligation - Taxes payable 1,250 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 13,865
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING INTERNATIONAL, LTD DECEMBER 31, 2003 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 190 Inventories - Assets held for sale - Other current assets - --------- TOTAL CURRENT ASSETS 190 --------- Investments and notes receivable, net - Investment in direct financing leases - --------- Net property and equipment - --------- Other assets - --------- TOTAL ASSETS $ 190 --------- 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 - Net intercompany due to (from) 190 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 $ 190 ---------
LIABILITIES SUBJECT TO COMPROMISE 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. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING TRANSPORTATION SERVICES, INC. DECEMBER 31, 2003 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net (2) Inventories - Assets held for sale - Other current assets - -------- TOTAL CURRENT ASSETS (2) -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment - -------- Other assets - -------- TOTAL ASSETS $ (2) -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ (50) Liabilities held for sale - Other current liabilities 69 -------- TOTAL CURRENT LIABILITIES 19 -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 252 Net intercompany due to (from) (273) 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) --------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 252 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 252
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF HEAD DISTRIBUTING COMPANY DECEMBER 31, 2003 - -------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 333 Receivables, net 10,533 Inventories 7,660 Assets held for sale - Other current assets (112) -------- TOTAL CURRENT ASSETS 18,414 -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment 1,806 -------- Other assets 455 -------- TOTAL ASSETS $ 20,675 -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ (310) Liabilities held for sale - Other current liabilities 140 -------- TOTAL CURRENT LIABILITIES (170) -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 6,835 Net intercompany due to (from) 14,010 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 $ 20,675 --------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 6,835 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,835
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF MINTER-WEISMAN CO. DECEMBER 31, 2003 - -------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 453 Receivables, net 11,736 Inventories 14,669 Assets held for sale - Other current assets 825 -------- TOTAL CURRENT ASSETS 27,683 -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment 2,246 -------- Other assets 32 -------- TOTAL ASSETS $ 29,961 -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 5,007 Liabilities held for sale - Other current liabilities 67 -------- TOTAL CURRENT LIABILITIES 5,074 -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,814 Net intercompany due to (from) 19,073 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 $ 29,961 --------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,814 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,814
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PIGGLY WIGGLY COMPANY DECEMBER 31, 2003 - ---------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 487 Inventories - Assets held for sale - Other current assets - ---------- TOTAL CURRENT ASSETS 487 ---------- Investments and notes receivable, net - Investment in direct financing leases - ---------- Net property and equipment - ---------- Other assets - ---------- TOTAL ASSETS $ 487 ---------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 161 Liabilities held for sale - Other current liabilities - ---------- TOTAL CURRENT LIABILITIES 161 ---------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 319 Net intercompany due to (from) 7 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 $ 487 ----------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 319 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - ---------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 319
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PROGRESSIVE REALTY, INC. DECEMBER 31, 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 $ - Liabilities held for sale - Other current liabilities 301 --------- TOTAL CURRENT LIABILITIES 301 --------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 9 Net intercompany due to (from) (311) 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 Debt and notes payable $ - Accounts payable 9 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RAINBOW FOOD GROUP, INC. DECEMBER 31, 2003 - --------------------------------------------------------- ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 5,194 Inventories - Assets held for sale - Other current assets 23 --------- TOTAL CURRENT ASSETS 5,217 --------- Investments and notes receivable, net - Investment in direct financing leases - --------- Net property and equipment - --------- Other assets 79 --------- TOTAL ASSETS $ 5,296 --------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 896 Liabilities held for sale - Other current liabilities 43 --------- TOTAL CURRENT LIABILITIES 939 --------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 19,842 Net intercompany due to (from) (15,484) 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 $ 5,296 ---------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 19,842 Closed store reserves - Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,842
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RETAIL INVESTMENTS, INC. DECEMBER 31, 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 - -------- -------- TOTAL ASSETS $ (3) -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ (0) Liabilities held for sale - Other current liabilities - -------- TOTAL CURRENT LIABILITIES (0) -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) (3) 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) --------
LIABILITIES SUBJECT TO COMPROMISE 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. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RFS MARKETING SERVICES, INC. DECEMBER 31, 2003 - --------------------------------------------------------- ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net - Inventories - Assets held for sale - Other current assets 1 -------- TOTAL CURRENT ASSETS 1 -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment - -------- Other assets 31 -------- -------- TOTAL ASSETS $ 32 -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 11 Liabilities held for sale - Other current liabilities 10 -------- TOTAL CURRENT LIABILITIES 21 -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) 10 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 $ 32 --------
LIABILITIES SUBJECT TO COMPROMISE 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. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RICHMAR FOODS, INC. DECEMBER 31, 2003 - --------------------------------------------------------- ----------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 8,869 Inventories - Assets held for sale - Other current assets 1,050 -------- TOTAL CURRENT ASSETS 9,920 -------- Investments and notes receivable, net - Investment in direct financing leases - -------- Net property and equipment - -------- Other assets - -------- -------- TOTAL ASSETS $ 9,920 -------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,712 Liabilities held for sale - Other current liabilities 1,607 -------- TOTAL CURRENT LIABILITIES 3,319 -------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 9,279 Net intercompany due to (from) (2,679) 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 $ 9,920 --------
LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 7,164 Closed store reserves - Other liabilities 2,115 Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9,279
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 (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 [9] LIABILITY ACCRUED PAID [10] LIABILITY ---------- ----------- -------- ---------- FEDERAL Payroll Taxes [1] $ - $ - $ - $ - ---------- ----------- -------- ---------- Income (387) 658 (234) 37 ---------- ----------- -------- ---------- TOTAL FEDERAL TAXES $ (387) $ 658 $ (234) $ (37) ---------- ----------- -------- ---------- STATE AND LOCAL ---------- ----------- -------- ---------- Payroll Taxes [1] $ - $ - $ - $ - ---------- ----------- -------- ---------- Sales [2] (1,744) - 724 (1,020) ---------- ----------- -------- ---------- Excise [2] - - - - ---------- ----------- -------- ---------- Real & Personal Property [3] (2,441) - - (2,441) ---------- ----------- -------- ---------- Cigarette & Tobacco [4] - - - - ---------- ----------- -------- ---------- Franchise [2] (144) - 600 456 ---------- ----------- -------- ---------- Total State and Local $ (4,329) $ - $ (1,324) $ (3,005) ---------- ----------- -------- ---------- TOTAL TAXES $ (4,716) $ 658 $ 1,090 $ (2,968) ---------- ----------- -------- ----------
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY --------- ----------- ------- --------- FEDERAL Payroll Taxes [1] $ (325) $ (2,414) $ 3,590 $ 851 --------- ----------- ------- --------- Income - - - - --------- ----------- ------- --------- TOTAL FEDERAL TAXES $ (325) $ (2,414) $ 3,590 $ 851 --------- ----------- ------- --------- STATE AND LOCAL Payroll Taxes [1] $ (1) $ (306) $ 466 $ 159 --------- ----------- ------- --------- Sales (13) (36) 38 (11) --------- ----------- ------- --------- Excise (284) (102) 160 (226) --------- ----------- ------- --------- Real & Personal Property [3] (651) (146) 157 (640) --------- ----------- ------- --------- Cigarette & Tobacco (33,513) (93,254) 77,261 (49,506) --------- ----------- ------- --------- Other: GST [5] (4,201) (1,701) 4,102 (1,800) --------- ----------- ------- --------- Other: Spokane & Portland B&O Tax [6] (107) (50) 47 (110) --------- ----------- ------- --------- Total State and Local $ (38,770) $ (95,595) $82,231 $ (52,134) --------- ----------- ------- --------- TOTAL TAXES $ (39,095) $ (98,009) $85,821 $ (51,282) --------- ----------- ------- ---------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT - ------------------------------------------------------------------------ Current $ - -------- 0 - 30 days [7] 110,576 -------- 31 - 60 days - -------- 61 - 90 days - -------- 91 + days - -------- Total Accounts Payable [8] $110,576 --------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT - ------------------------------------------------------------------------ Current $ - -------- 0 - 30 days [7] 129,266 -------- 31 - 60 days - -------- 61 - 90 days - -------- 91 + days - -------- Total Accounts Payable [8] $129,266 --------
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. [2] Sales, excise and franchise postpetition taxes are calculated by adding to the November balance the net accrual increase/decrease in the period ending December 31st. [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] There is no longer an accrual or expense related to cigarette and tobacco taxes as all the applicable Fleming entities have been closed or sold. [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. Core-Mark's aging includes Head and Minter-Weisman and Fleming's includes the four convenience divisions that are part of Fleming Companies, Inc. [8] Accounts Payable per the Balance Sheet includes trade accounts payable and other accrued expenses. See footnote [2] on Form MOR-5. [9] At the close of the 11th period, Fleming Companies, Inc. changed its' reporting period from a 13 period reporting basis to a month-end basis. All Core-Mark and Fleming entities are now on the same reporting basis. [10] Amount Paid represents amounts paid, amounts received and other adjustments during the period. FORM MOR - 4 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 (DOLLARS IN 000'S) ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT - ------------------------------------------------------------ Not Due $ 24,713 --------- Current 6,275 --------- 1 - 7 days old 1,183 --------- 8 - 14 days old 1,183 --------- 15 - 21 days old 1,183 --------- + Over 21 days 353,660 --------- Credits Over 21 days [6] - --------- Total Accounts Receivable $ 388,197 --------- Amount considered uncollectible (Bad Debt) [3] (78,220) --------- Accounts Receivable (Net) $ 309,977 ---------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT - ------------------------------------------------------------ Current $ 169,234 --------- 1 - 30 days old 24,597 --------- 31 - 45 days old 846 --------- 40 - 60 days old 439 --------- 61 - 90 days old 1,380 --------- 91 - 120 days old 633 --------- + Over 120 days 3,634 --------- Total Accounts Receivable $ 200,763 --------- Amount considered uncollectible (Bad Debt) [3] (9,348) --------- Accounts Receivable (Net) $ 191,415 ---------
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. X 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. X
NOTES [1] Of the Core-Mark's 7 Eastern divisions ("Fleming 7"), Core-Mark's accounts receivable aging includes Head and Minter-Weisman and Fleming's accounts receivable aging includes the four convenience divisions that are part of Fleming Companies, Inc. In cases where detail accounts receivable amounts are not available, the amount is allocated to the aging brackets based on each brackets percentage of the total aged accounts receivable amount. [2] In addition to the aging of customer accounts receivable, a large portion of the Fleming receivable balance is from reclassifying vendor deductions from accounts payable, which has been listed as over 21 days. No amount has currently been reserved for these receivables from vendors. Also included in accounts receivable are royalties related to the sale of the wholesale business, which have been listed as "not due". [3] Amount considered uncollectible (Bad Debt) is per the general ledger for all entities as of December 31, 2003. [4] Core-Mark's Accounts Receivable data is for Core-Mark's month ended December 31, 2003. Further, Core-Mark's Accounts Receivable Aging total differed from the general ledger total due to timing differences and adjustments, including reclassifying vendor deductions from accounts payable. The receivable balance not supported by an aging was listed as current. No amount has currently been reserved for receivables from vendors. [5] During the month of December, Fleming sold two warehouses and one retail store. The total proceeds of these transactions were approximately $3.7 million. [6] Due to changes in the operating system, the dollar amount of credits that are included in the total aged accounts receivable balance is not available. FORM MOR - 5 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 12/01/03 - 12/31/03 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 LOGO] 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: DECEMBER 1 TO DECEMBER 31, 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, all returns were timely filed with the appropriate jurisdictions. 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. January 14, 2004 /s/ Lisa P. Shield ________________________ ------------------------ Date Lisa P. Shield, Partner -----END PRIVACY-ENHANCED MESSAGE-----