-----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, FVDO2kvUxMzKNnOZ0M7liomnq45m/k6YsKAuN4LgNUbj2+4BH2+v6UhgYzbWVXFJ 5c8mfR4pAsagLm0fCmsrzw== 0000950134-04-005388.txt : 20040419 0000950134-04-005388.hdr.sgml : 20040419 20040416173854 ACCESSION NUMBER: 0000950134-04-005388 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040416 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040419 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: 04739168 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 d14522e8vk.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): April 16, 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 April 16, 2004, Fleming Companies, Inc. (the "Company") filed its unaudited monthly operating report for the period February 1, 2004 through February 29, 2004 with the United States Bankruptcy Court for the District of Delaware, 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). 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 February 1, 2004 through February 29, 2004. 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: April 16, 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 February 1, 2004 through February 29, 2004.
EX-99.1 3 d14522exv99w1.txt MONTHLY OPERATING REPORT FOR 2/29/2004 EXHIBIT 99.1 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: 2/01/04 - 2/29/04 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 4/14/2004 - --------------------------------- ------------------------------- Printed Name of Responsible Party Date: April 14, 2004 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 02/01/04 - 2/29/04 NOTES TO THE MONTHLY OPERATING REPORT GENERAL The report includes activity from the following Debtors and related Case Numbers [1] [2] [3] [4]
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. Of the "Fleming 7", one division (Marshfield) was closed during 2003 and three divisions (one of the two divisions in Head and Chicago and Altoona) were closed at the end of 2003. [4] 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:02/01/04 - 02/29/04 WEEKLY RECEIPTS AND DISBURSEMENTS [1] (DOLLARS IN 000'S)
CURRENT CUMULATIVE PERIOD FILING TO WEEK 1 WEEK 2 WEEK 3 WEEK 4 TOTAL DATE ----------------------------------------------------------------------------------- CASH RECEIPTS: Fleming Receipts $ 11,119 1,828 1,954 3,018 $ 17,920 $ 2,457,245 Core-Mark Receipts[3] 62,199 60,845 57,047 59,822 239,913 3,544,891 Asset / Excess Inventory Sales & Other - 8,098 1,917 - 10,016 329,824 ---------------------------------------------------------------------------------- ACTUAL RECEIPTS $ 73,318 $ 70,772 $ 60,919 $ 62,840 $ 267,849 $ 6,331,960 ---------------------------------------------------------------------------------- CASH DISBURSEMENTS FROM OPERATIONS: Material Purchases - Fleming $ (148) (72) (45) (42) $ (307) $(1,620,034) Material Purchases - Core-Mark[3] (42,631) (47,378) (34,633) (44,581) (169,223) (2,604,230) Tax Disbursements - Cigarettes (12,025) (9,042) (10,030) (10,647) (41,744) (530,480) Tax Disbursements - Other (1,190) (41) (519) (36) (1,785) (12,712) Employee & Payroll (672) (4,867) (760) (4,089) (10,388) (356,215) Lease & Recurring Costs (571) (205) (177) (912) (1,866) (97,035) Other Operating Costs (11,758) (3,381) (1,394) (319) (16,852) (274,825) ---------------------------------------------------------------------------------- ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (68,995) $ (64,985) $ (47,559) $ (60,627) $ (242,165) $(5,495,531) ---------------------------------------------------------------------------------- CASH DISBURSEMENTS FROM NON-OPERATIONS: DSD/Critical Vendor/PACA Payments [2] $ - (552) (225) - $ (777) $ (100,994) Capital Expenditures - - - - - (2,216) Restructuring & Professional Fees (845) (332) (3,667) (3,732) (8,576) (73,595) Interest & Financing (411) (380) - (351) (1,143) (84,249) Other Non-Operating Costs - - - - - - Debt Repayment $ - $ (364,283) ---------------------------------------------------------------------------------- ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (1,256) $ (1,265) $ (3,892) $ (4,083) $ (10,496) $ (625,337) ---------------------------------------------------------------------------------- TOTAL ACTUAL DISBURSEMENTS $ (70,251) $ (66,249) $ (51,451) $ (64,710) $ (252,661) $(6,120,868) ---------------------------------------------------------------------------------- DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN) TOTAL DISBURSEMENTS (252,661) 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 (252,661) -----------
Notes [1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's February 1 through February 29 receipts and disbursements. [2] The February Monthly Operating report (including the periods covering April 1, 2003 through January 31, 2004 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, although only three currently remain open. FORM MOR - 1A FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 02/01/04 - 02/29/04 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 $ (164,829) $ (2,303,627) Fleming Companies, Inc. 03-10945 (18,806) (2,520,259) 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 (38,099) (505,541) Core-Mark Interrelated Companies, Inc. 03-10951 (5,795) (84,708) 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 (6,343) (79,319) Minter Weisman Co. 03-10964 (18,788) (242,897) 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] $ (252,661) $ (6,120,868) - ----------------------------------------------------------------------------------------------
NOTES [1] Employee and Payroll disbursements, per the Weekly Receipts and Disbursements schedule, were paid $1.4 million for Fleming Companies, Inc. and $8.9 million for Core-Mark International, Inc. [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 02/01/04 - 02/29/04 for the Current Period and for 04/01/03 - 02/29/04 for the Cumulative Filing to Date. FORM MOR - 1B FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 02/01/04 - 02/29/04 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 Leitchfield Deposit Bank 083903056 Depository 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 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 6300062117 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 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - FLEMING COMPANIES, INC. & SUBSIDIARIES [1] [2] [3] FEBRUARY 29, 2004 - ----------------------------------------------------------------------------------------- NET SALES $ 297,521 COSTS AND EXPENSES: Cost of sales (289,857) Selling and administrative (7,922) Reorganization items, net (143) Interest expense (121) Interest income and other 218 Impairment/restructuring charges (214) - ------------------------------------------------------------------------------------ TOTAL COSTS AND EXPENSES (298,038) - ------------------------------------------------------------------------------------ Income/(Loss) before income taxes (517) Taxes on income/(loss) - - ------------------------------------------------------------------------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS (517) - ------------------------------------------------------------------------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (20,189) Taxes on income/(loss) - - ------------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (20,189) - ------------------------------------------------------------------------------------ NET INCOME/(LOSS) $ (20,706) - ------------------------------------------------------------------------------------
NOTES [1] 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. [2] 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.). [3] Continuing Operations as of February 2004 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - ABCO FOOD GROUP, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - CORE-MARK INTERNATIONAL, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ 212,984 COSTS AND EXPENSES: Cost of sales (207,305) Selling and administrative (5,899) Reorganization items, net (144) Interest expense (121) Interest income and other 218 Impairment/restructuring charges - - -------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (213,251) - -------------------------------------------------------------------- Income/(Loss) before income taxes (268) Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (268) - -------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - -------------------------------------------------------------------- NET INCOME/(LOSS) (268) - --------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - CORE-MARK INTERRELATED COMPANIES, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ 7,315 COSTS AND EXPENSES: Cost of sales (6,948) Selling and administrative (67) Reorganization items, net - Interest expense - Interest income and other (0) Impairment/restructuring charges - - -------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (7,015) - -------------------------------------------------------------------- Income/(Loss) before income taxes 300 Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 300 - -------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - -------------------------------------------------------------------- NET INCOME/(LOSS) $ 300 - --------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - CORE-MARK MID-CONTINENT, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ 37,369 COSTS AND EXPENSES: Cost of sales (36,325) Selling and administrative (874) Reorganization items, net - Interest expense - Interest income and other 0 Impairment/restructuring charges - - -------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (37,198) - -------------------------------------------------------------------- Income/(Loss) before income taxes 171 Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 171 - -------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - -------------------------------------------------------------------- NET INCOME/(LOSS) $ 171 - --------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - DUNIGAN FUELS, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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 870 Taxes on income/(loss) - - --------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 870 - --------------------------------------------------------------------- NET INCOME/(LOSS) $ 870 - ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - FAVAR CONCEPTS, LTD FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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 (810) Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (810) - -------------------------------------------------------------------- NET INCOME/(LOSS) $ (810) - --------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - FLEMING COMPANIES, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- Net sales $ 12,244 Costs and expenses: Cost of sales (12,583) Selling and administrative (205) Reorganization items, net 1 Interest expense - Interest income and other 0 Impairment/restructuring charges (34) - --------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (12,822) - --------------------------------------------------------------------- Income/(Loss) before income taxes (578) Taxes on income/(loss) - - --------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (578) - --------------------------------------------------------------------- Discontinued operations: Income/(Loss) before income taxes (19,190) Taxes on income/(loss) - - --------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (19,190) - --------------------------------------------------------------------- NET INCOME/(LOSS) $ (19,768) - ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - FLEMING FOODS OF TEXAS, L.P. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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 (521) Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (521) - -------------------------------------------------------------------- NET INCOME/(LOSS) $ (521) - --------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - FLEMING INTERNATIONAL, LTD FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - FLEMING TRANSPORTATION SERVICES, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - HEAD DISTRIBUTING COMPANY FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ 6,460 COSTS AND EXPENSES: Cost of sales (6,322) Selling and administrative (309) Reorganization items, net 1 Interest expense - Interest income and other 0 Impairment/restructuring charges (180) - -------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (6,810) - -------------------------------------------------------------------- Income/(Loss) before income taxes (349) Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (349) - -------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - -------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - -------------------------------------------------------------------- NET INCOME/(LOSS) $ (349) - --------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - MINTER-WEISMAN CO. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ 21,150 COSTS AND EXPENSES: Cost of sales (20,374) Selling and administrative (569) Reorganization items, net - Interest expense - Interest income and other (0) Impairment/restructuring charges - - -------------------------------------------------------------------- TOTAL COSTS AND EXPENSES (20,943) - --------------------------------------------------------------------- Income/(Loss) before income taxes 207 Taxes on income/(loss) - - --------------------------------------------------------------------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 207 - --------------------------------------------------------------------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - --------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - --------------------------------------------------------------------- NET INCOME/(LOSS) $ 207 - ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - PIGGLY WIGGLY COMPANY FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - PROGRESSIVE REALTY, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - RAINBOW FOOD GROUP, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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 20 Taxes on income/(loss) - - --------------------------------------------------------------------- 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - RETAIL INVESTMENTS, INC. FEBRUARY 29, 2004 - ---------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - RFS MARKETING SERVICES, INC. FEBRUARY 29, 2004 - ---------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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: 2/01/04 - 2/29/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
FEBRUARY 1, 2004 - RICHMAR FOODS, INC. FEBRUARY 29, 2004 - ---------------------------------------------------------------------------------------- NET SALES $ - COSTS AND EXPENSES: Cost of sales - Selling and administrative - Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring 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 (553) Taxes on income/(loss) - - ---------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (553) - ---------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (553) - ----------------------------------------------------------------------------------------
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. & SUBSIDIARIES [1] FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents [12] $ 392,473 Receivables, net [2] 429,246 Inventories 130,579 Assets held for sale [3] 4,448 Other current assets 33,004 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 989,750 - --------------------------------------------------------------------------------------- Investments and notes receivable, net 523 Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 37,000 - --------------------------------------------------------------------------------------- Other assets 44,197 - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 1,071,470 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable [2] $ 212,164 Liabilities held for sale [3] - Other current liabilities 51,838 - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 264,001 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities 6,625 Liabilities subject to compromise [4] [5] 2,352,470 Net intercompany due to (from) [6] 218 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,623 Reinvested earnings (deficit) (2,384,804) Accumulated other comprehensive income: Additional minimum pension liability [11] (15,663) Cumulative foreign currency translation adjustment 1,779 - --------------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ (1,551,844) - --------------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,071,470 - ---------------------------------------------------------------------------------------
FORM MOR - 3 LIABILITIES SUBJECT TO COMPROMISE [4] [5] Debt and notes payable [7] [8] $ 1,590,423 Accounts payable [9] [13] 440,841 Damage estimates for closed and rejected leases [10] 148,486 Other liabilities [9] [14] 37,845 Pension obligation [11] [15] 113,354 Taxes payable [9] [16] 21,521 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,352,470
GENERAL [1] 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. [2] The accounts receivable balance as of February 29, 2004 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. [3] Continuing Operations as of February 29, 2004 includes only the convenience business. Assets of all other businesses have been reclassified as Assets Held for Sale and liabilities as Liabilities Held for Sale as required by SFAS 146. [4] 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.. [5] The Company has paid certain prepetition liabilities and continues to reconcile these payments against Liabilities Subject to Compromise. [6] 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. [7] 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 [8] Debt and notes payable includes bonds, revolver and term Loan and related accrued interest. The amounts are February balances. [9] 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 2 above. [10] Damage estimates for closed and rejected leases are February balances. [11] Pension obligation is a February balance. Effective January1, 2004, the Fleming Consolidated Pension Plan was transferred to the Pension Benefit Guarantee Corporation (PBGC). This resulted in a reversal of the related additional minimum pension liability adjustment, which reduced the pension accrual in Liabilities Subject to Compromise and reduced the Additional Minimum Pension Liability in Accumulated Other Comprehensive Income in the equity section. The liability subject to compromise relating to this plan on the balance sheet is approximately $55 million whereas the current claims by the PBGC total in excess of $300 million. The Company and its actuaries are currently in negotiations with the PBGC regarding the settlement of these claims. [12] Cash and cash equivalents includes restricted cash related to the collateralization of prepetition letters of credit totaling approximately $60 million. CORE-MARK ENTITIES [13] Accounts payable includes trade payables and accrued expenses. Accounts payable represents a review of the accounts payable trial balance. See also footnote 2 above. [14] Other liabilities, which include accrued compensation, other current liabilities and other long-term liabilities, represent a review of the applicable balance sheet account. [15] Pension obligation is a February balance. [16] 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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF ABCO FOOD GROUP, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- 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 Damage estimates for closed and rejected leases 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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERNATIONAL, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 81,384 Receivables, net 140,536 Inventories 83,010 Assets held for sale - Other current assets 25,016 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 329,946 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 18,725 - --------------------------------------------------------------------------------------- Other assets 35,924 - --------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 384,595 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 107,104 Liabilities held for sale - Other current liabilities 12,920 - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 120,025 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities 5,678 Liabilities subject to compromise 80,514 Net intercompany due to (from) 178,378 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 $ 384,595 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 74,116 Damage estimates for closed and rejected leases Other liabilities - Pension obligation 4,270 Taxes payable 2,128 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 80,514
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERRELATED COMPANIES, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 2,641 Inventories 7,720 Assets held for sale - Other current assets 60 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 10,421 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 305 - --------------------------------------------------------------------------------------- Other assets - - --------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 10,726 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 599 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 599 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,207 Net intercompany due to (from) 4,920 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 $ 10,726 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,207 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable - ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,207
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK MID-CONTINENT, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 22,534 Inventories 18,008 Assets held for sale - Other current assets 3,090 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 43,633 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 11,283 - --------------------------------------------------------------------------------------- Other assets 1,325 - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 56,240 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 2,962 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 2,962 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,936 Net intercompany due to (from) 47,342 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 $ 56,240 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,936 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable - ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,936
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF DUNIGAN FUELS, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 2,941 Inventories - Assets held for sale - Other current assets - - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 2,941 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment - - --------------------------------------------------------------------------------------- Other assets - - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 2,941 - --------------------------------------------------------------------------------------- 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 81 Liabilities subject to compromise 7,867 Net intercompany due to (from) (5,006) 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 $ 2,941 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 7,267 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable 600 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,867
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FAVAR CONCEPTS, LTD FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- 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 $ (12) Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES (12) - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 1,261 Net intercompany due to (from) (1,249) 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 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable 706 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,261
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents [3] $ 310,097 Receivables, net 201,165 Inventories 7,164 Assets held for sale 4,113 Other current assets 2,085 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 524,624 - --------------------------------------------------------------------------------------- Investments and notes receivable, net 523 Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 2,891 - --------------------------------------------------------------------------------------- Other assets 6,386 - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 534,424 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 91,944 Liabilities held for sale - Other current liabilities 38,482 - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 130,426 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities 866 Liabilities subject to compromise 2,192,955 Net intercompany due to (from) (237,979) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,623 Reinvested earnings (deficit) (2,384,804) Accumulated other comprehensive income: - Additional minimum pension liability [2] (15,663) Cumulative foreign currency translation adjustment 1,779 - --------------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ (1,551,844) - --------------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 534,424 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ 1,590,423 Accounts payable 295,030 Damage estimates for closed and rejected leases 148,486 Other liabilities 35,425 Pension obligation [2] 109,084 Taxes payable 14,506 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,192,955
NOTES [1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all financial statement footnotes. [2] Effective January 1, 2004, the Fleming Consolidated Pension Plan was transferred to the Pension Benefit Guarantee Corporation (PBGC). This resulted in a reversal of the related additional minimum pension liability adjustment, which reduced the pension accrual in Liabilities Subject to Compromise and reduced the Additional Minimum Pension Liability in Accumulated Other Comprehensive Income in the equity section. The liability subject to compromise relating to this plan on the balance sheet is approximately $55 million whereas the current claims by the PBGC total in excess of $300 million. The Company and its actuaries are currently in negotiations with the PBGC regarding the settlement of these claims. [3] Cash and cash equivalents includes restricted cash related to the collateralization of prepetition letters of credit totaling approximately $60 million. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING FOODS OF TEXAS, L.P. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 25,684 Inventories - Assets held for sale - Other current assets 115 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 25,799 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment - - --------------------------------------------------------------------------------------- Other assets 4 - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 25,803 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 177 Liabilities held for sale - Other current liabilities (0) - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 177 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 14,443 Net intercompany due to (from) 11,183 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 $ 25,803 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 12,442 Damage estimates for closed and rejected leases Other liabilities 305 Pension obligation - Taxes payable 1,696 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 14,443
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING INTERNATIONAL, LTD FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- 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 - Damage estimates for closed and rejected leases 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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING TRANSPORTATION SERVICES, INC. FEBRUARY, 2004 - ------------------------------------------------------------------------------------ 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 $ 6 Liabilities held for sale - Other current liabilities - - ------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES 6 - ------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 252 Net intercompany due to (from) (259) 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 252 Damage estimates for closed and rejected leases 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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF HEAD DISTRIBUTING COMPANY FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 409 Receivables, net 8,587 Inventories 4,055 Assets held for sale 335 Other current assets 715 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 14,102 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 1,549 - --------------------------------------------------------------------------------------- Other assets 449 - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 16,099 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 4,350 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 4,350 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 6,018 Net intercompany due to (from) 5,731 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 $ 16,099 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 6,018 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable - ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,018
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF MINTER-WEISMAN CO. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 583 Receivables, net 11,796 Inventories 10,622 Assets held for sale - Other current assets 1,147 - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 24,147 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment 2,247 - --------------------------------------------------------------------------------------- Other assets 30 - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 26,425 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 3,571 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 3,571 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,467 Net intercompany due to (from) 17,387 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share Capital in excess of par value Reinvested earnings (deficit) Accumulated other comprehensive income: Additional minimum pension liability Cumulative foreign currency translation adjustment - --------------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ - - --------------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 26,425 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,467 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable - ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,467
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PIGGLY WIGGLY COMPANY FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 460 Inventories - Assets held for sale - Other current assets - - --------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 460 - --------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------- Net property and equipment - - --------------------------------------------------------------------------------------- Other assets - - --------------------------------------------------------------------------------------- TOTAL ASSETS $ 460 - --------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 149 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 149 - --------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 321 Net intercompany due to (from) (9) 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 $ 460 - --------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 319 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable 1 ----------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 321
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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PROGRESSIVE REALTY, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------------- 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 Damage estimates for closed and rejected leases 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: 201/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RAINBOW FOOD GROUP, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 5,101 Inventories - Assets held for sale - Other current assets 23 - ---------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 5,125 - ---------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - ---------------------------------------------------------------------------------------- Net property and equipment - - ---------------------------------------------------------------------------------------- Other assets 79 - ---------------------------------------------------------------------------------------- TOTAL ASSETS $ 5,203 - ---------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 598 Liabilities held for sale - Other current liabilities - - ---------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 598 - ---------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 19,833 Net intercompany due to (from) (15,228) 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 $ 5,203 - ---------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 19,833 Damage estimates for closed and rejected leases Other liabilities - Pension obligation - Taxes payable - -------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,833
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: 201/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RETAIL INVESTMENTS, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------------- 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 - 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 - Damage estimates for closed and rejected leases 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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RFS MARKETING SERVICES, INC. FEBRUARY 29, 2004 - --------------------------------------------------------------------------------------------- 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 $ (8) Liabilities held for sale - Other current liabilities - - ---------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES (8) - ---------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) 8 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 - Damage estimates for closed and rejected leases 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: 2/01/04 - 2/29/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RICHMAR FOODS, INC. FEBRUARY 29, 2004 - ---------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 7,611 Inventories - Assets held for sale - Other current assets 753 - ---------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 8,363 - ---------------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - ---------------------------------------------------------------------------------------------- Net property and equipment - - ---------------------------------------------------------------------------------------------- Other assets - - ---------------------------------------------------------------------------------------------- TOTAL ASSETS $ 8,363 - ---------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 723 Liabilities held for sale - Other current liabilities 134 - ---------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 857 - ---------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 11,087 Net intercompany due to (from) (3,581) 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 $ 8,363 - ---------------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 7,089 Damage estimates for closed and rejected leases Other liabilities 2,115 Pension obligation - Taxes payable 1,883 ----------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 11,087
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: 2/01/04 - 2/29/04 (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 [9] LIABILITY - ------------------------------------------------------------------------------------------ FEDERAL Payroll Taxes [1] $ - $ - $ - $ - Income [10] $ 201 201 TOTAL FEDERAL TAXES $ 201 $ - $ - $ 201 STATE AND LOCAL Payroll Taxes [1] $ - $ - $ - $ - Sales [2] $ 971 - (971) - Excise [2] $ - - 130 130 Real & Personal Property [3] $ 2,441 - 2,441 Cigarette & Tobacco [4] $ - - - - Franchise [2] $ 411 - 411 Total State and Local $ 3,823 $ - $ (841) $ 2,982 --------- ----------- -------- --------- TOTAL TAXES $ 4,024 $ - $ (841) $ 3,183 --------- ----------- -------- ---------
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY - ------------------------------------------------------------------------------------------ FEDERAL Payroll Taxes [1] $ 1,309 $ 2,403 $ (3,500) $ 212 Income [10] $ 237 - - 237 TOTAL FEDERAL TAXES $ 1,546 $ 2,403 $ (3,500) $ 449 STATE AND LOCAL Payroll Taxes [1] $ 186 $ 316 $ (495) $ 7 Sales $ 11 25 (25) 11 Excise $ 299 157 (103) 353 Real & Personal Property [3] $ 757 100 (197) 660 Cigarette & Tobacco $ 30,450 80,365 (72,996) 37,819 Other: GST [5] $ 3,732 1,950 (1,731) 3,951 Other: Spokane & Portland B&O Tax [6] $ 52 33 (38) 47 Total State and Local $ 35,487 $ 82,946 $(75,585) $ 42,848 --------- ----------- -------- --------- TOTAL TAXES $ 37,033 $ 85,349 $(79,085) $ 43,297 --------- ----------- -------- ---------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT - --------------------------------------------------------------- Current $ - 0 - 30 days [7] 93,577 31 - 60 days - 61 - 90 days - 91+ days - ---------- Total Accounts Payable [8] $ 93,577 ----------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT - --------------------------------------------------------------- Current $ - 0 - 30 days [7] 118,587 31 - 60 days - 61 - 90 days - 91+ days - ---------- Total Accounts Payable [8] $ 118,587 ----------
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 previous months balance the net accrual increase/decrease in the current month. [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 and 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] Amount Paid represents amounts paid, amounts received and other adjustments during the period. [10] The Federal Income Tax category includes balances and activity for both Federal and State. FORM MOR - 4 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 2/01/04 - 2/29/04 (DOLLARS IN 000'S) ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT - --------------------------------------------------------------- Not Due $ 2,865 Current 6,108 1 - 7 days old 807 8 - 14 days old 807 15 - 21 days old 807 + Over 21 days 310,759 Credits Over 21 days [7] - ---------- Total Accounts Receivable $ 322,153 ---------- Amount considered uncollectible (Bad Debt) [3] (79,001) ---------- Accounts Receivable (Net) $ 243,152 ----------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT - --------------------------------------------------------------- Current $ 170,267 1 - 30 days old 14,038 31 - 45 days old 574 40 - 60 days old 463 61 - 90 days old 422 91 - 120 days old 175 + Over 120 days 4,341 ---------- Total Accounts Receivable $ 190,280 ---------- Amount considered uncollectible (Bad Debt) [3] (4,186) ---------- Accounts Receivable (Net) $ 186,094 ----------
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 X below. 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. Four of the seven divisions were closed in 2003. 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 February 29, 2004. [4] Core-Mark's Accounts Receivable data is for Core-Mark's month ended February 29, 2004. 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 February, Fleming sold assets of Choteau Development Company, LLC (a non-debtor entity) totaling approximately $8.2 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: 2/01/04 - 2/29/04 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: February 1 to February 29, 2004 TAX AFFIDAVIT By order of this Court directed May 6, 2003, Emst & Young (E&Y) has been retained to provided 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 Bankrupty 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 affilistes ("The Debtor"): - Prepare certain federal income, state income, state franchise, gross receipts and net worth tax returns and provide then to management of the Debtor for signature; - Prepare certain sales, excise, and use tax returns for U.S., state and local governments and provide then 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 calender for certain income, franchies, sales and use, cigarette, tobacco, and other miscellaneous taxes, and business license filing and provide it to Debtor's management for review and approval. The Debtor's management is responsible for establishing and maintaining is 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 were required to be prepared or filed by the Fleming Companies, Inc. and its affiliates during the reporting period referenced above. /s/ Lisa P. Shield April 12, 2004 -------------------------------- Date Lisa P. Shield, Partner -----END PRIVACY-ENHANCED MESSAGE-----