-----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, O/eKt+n2mQeo8AfT2+CYYSoilIwO+6POoJhtHl0dWuhHuaVEtBhIjbFOXJvn6q1T L/c00PSF2A8GoI3WP6gnVw== 0000950134-04-012401.txt : 20040816 0000950134-04-012401.hdr.sgml : 20040816 20040816161746 ACCESSION NUMBER: 0000950134-04-012401 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040813 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040816 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: 04978949 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 d17748e8vk.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): August 13, 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.) 15150 Preston Road, Dallas, Texas 75248 - ------------------------------------ --------- (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 August 13, 2004, Fleming Companies, Inc. (the "Company") filed its unaudited monthly operating report for the period June 1, 2004 through June 30, 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 June 1, 2004 through June 30, 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: August 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 June 1, 2004 through June 30, 2004.
EX-99.1 2 d17748exv99w1.txt MONTHLY OPERATING REPORT 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: 6/01/04 - 6/30/04 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 8/12/2004 - ------------------------ ------------------------------- Printed Name of Responsible Party Date: August 12, 2004 ON JULY 26, 2004, THE BANKRUPTCY COURT CONFIRMED THE DEBTORS' AND OFFICIAL COMMITTEE OF UNSECURED CREDITORS' THIRD AMENDED AND REVISED JOINT PLAN OF REORGANIZATION (THE "PLAN"). ALTHOUGH THE BANKRUPTCY COURT ENTERED THE ORDER CONFIRMING THE PLAN (THE "CONFIRMATION ORDER") ON JULY 27, 2004, THE PLAN IS NOT YET EFFECTIVE. THE PLAN AND THE CONFIRMATION ORDER CONTAIN CERTAIN CONDITIONS PRECEDENT TO THE OCCURRENCE OF THE EFFECTIVE DATE OF THE PLAN, UNLESS WAIVED PURSUANT TO THE PLAN. IT IS ANTICIPATED THAT THE EFFECTIVE DATE OF THE PLAN WILL BE IN MID-AUGUST. THE PLAN PROVIDES FOR THE REORGANIZATION OF THE DEBTORS CENTERED AROUND THE FLEMING CONVENIENCE STORE DISTRIBUTION OPERATIONS THROUGH THE FORMATION OF A NEW DELAWARE CORPORATION, CORE-MARK HOLDING COMPANY, INC. ADDITIONALLY, THE DEBTORS' REMAINING ASSETS AND LIABILITIES NOT RELATED TO THE CONVENIENCE OPERATION WILL BE TRANSFERRED TO EITHER A POST-CONFIRMATION TRUST, PURSUING CAUSES OF ACTION AND RECONCILING AND PAYING CLAIMS, OR A RECLAMATION CREDITORS' TRUST, WHICH WILL HAVE SIMILAR RESPONSIBILITIES AND RIGHTS WITH RESPECT TO RECLAMATION CREDITORS. FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 06/01/04 - 06/30/04 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., Choteau Development Company, LLC, etc.). FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 06/01/04 - 06/30/04 WEEKLY RECEIPTS AND DISBURSEMENTS [1] (DOLLARS IN 000'S)
CURRENT CUMULATIVE WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 PERIOD TOTAL FILING TO DATE -------- -------- -------- -------- --------- ------------ -------------- CASH RECEIPTS: Fleming Receipts $ 506 $ 1,122 $ 101 $ 195 $ 2 $ 1,926 $ 2,465,748 Core-Mark Receipts[3] 67,177 68,185 64,711 69,020 40,018 309,111 4,704,866 Asset/Excess Inventory Sales & Other -- -- -- 470 -- 470 330,763 -------- -------- -------- -------- --------- ------------ -------------- ACTUAL RECEIPTS $ 67,682 $ 69,308 $ 64,812 $ 69,685 $ 40,020 $ 311,506 $ 7,501,376 -------- -------- -------- -------- --------- ------------ -------------- CASH DISBURSEMENTS FROM OPERATIONS: Material Purchases - Fleming $ (12) $ -- $ -- $ (11) $ - $ (22) $ (1,620,403) Material Purchases - Core-Mark[3] (42,461) (45,746) (49,424) (53,966) (32,999) (224,595) (3,489,814) Tax Disbursements - Cigarettes (11,217) (10,972) (10,885) (11,937) (8,083) (53,095) (727,847) Tax Disbursements - Other (7) (305) (218) (31) (27) (588) (15,696) Employee & Payroll (4,043) (604) (4,108) (1,069) (3,023) (12,848) (401,899) Lease & Recurring Costs (733) (293) (235) (227) (345) (1,833) (104,686) Other Operating Costs (3,098) (1,339) (1,873) (1,966) (1,561) (9,837) (314,705) -------- -------- -------- -------- --------- ------------ -------------- ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $(61,571) $(59,259) $(66,743) $(69,206) $ (46,038) $ (302,817) $ (6,675,049) -------- -------- -------- -------- --------- ------------ -------------- CASH DISBURSEMENTS FROM NON-OPERATIONS: DSD/Critical Vendor/PACA Payments [2] $ -- $ -- $ -- $ -- $ -- $ -- $ (102,548) Capital Expenditures -- (601) (10) (38) -- (649) (2,865) Restructuring & Professional Fees (344) (1,306) (1,321) (2,616) (1,866) (7,452) (102,028) Interest & Financing (1,897) -- -- -- (484) (2,382) (88,961) Other Non-Operating Costs -- -- (80) -- -- (80) (255) Debt Repayment [4] (9,115) -- -- (9,115) (431,914) -------- -------- -------- -------- --------- ------------ -------------- ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $(11,356) $ (1,907) $ (1,411) $ (2,653) $ (2,350) $ (19,678) $ (728,571) -------- -------- -------- -------- --------- ------------ -------------- -------- -------- -------- -------- --------- ------------ -------------- TOTAL ACTUAL DISBURSEMENTS $(72,928) $(61,166) $(68,154) $(71,859) $ (48,389) $ (322,495) $ (7,403,620) -------- -------- -------- -------- --------- ------------ --------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN) TOTAL DISBURSEMENTS $(322,495) 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 $(322,495)
NOTES [1] Weekly Receipts and Disbursements include both Core-Mark and Fleming for the current month. Week one contains four business days and week five contains three business days. [2] This Monthly Operating report (including the periods covering April 1, 2003 through May 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. [4] $9.1 million of pre-petition debt was paid down as follows: Revolver $3.8 million, Term $3.9 million, and $1.4 million was set aside to collateralize letters of credit FORM MOR - 1A FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 06/01/04 - 06/30/04 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 $ (209,946) $ (3,100,791) Fleming Companies, Inc. 03-10945 $ (20,938) (2,656,971) 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 (46,158) (683,862) Core-Mark Interrelated Companies, Inc. 03-10951 $ (8,361) (116,364) 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 $ (8,497) (110,794) Minter Weisman Co. 03-10964 $ (28,595) (350,322) 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] $ (322,495) $ (7,403,620) ---------- -------------
NOTES [1] Employee and Payroll disbursements for the current period, per the Weekly Receipts and Disbursements schedule, were $1.1 million for Fleming Companies, Inc. and $11.7 million for Core-Mark Interenational, 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 the current month and for 04/01/03 through the current month 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: 06/01/04 - 06/30/04 BANK ACCOUNT INFORMATION
PETITIONING ENTITIES BANK ACCOUNT NUMBER TYPE - ---------------------------- --------------------- -------------- ----------------------- Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement Core-Mark International, Inc Bank Of Montreal 07600000313 Depository/Disbursement Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement Core-Mark International, Inc Bank Of Montreal 07604601086 FX Swap Funding Acct Core-Mark International, Inc JP Morgan 323252028 Depository Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement Core-Mark International, Inc Scotia Bank 112390010715 Depository Core-Mark International, Inc Scotia Bank 71480000914 Depository Core-Mark International, Inc Scotia Bank 4052700104313 Depository Core-Mark International, Inc Scotia Bank 714800001414 Depository Core-Mark International, Inc Scotia Bank 714800011312 Depository Core-Mark International, Inc Washington Trust Bank 1001823194 Depository Core-Mark International, Inc Wells Fargo 4159287788 Depository Core-Mark International, Inc Wells Fargo 4518099999 Depository Core-Mark International, Inc Wells Fargo 4311848436 Depository Core-Mark International, Inc Wells Fargo 4159555366 Depository Core-Mark International, Inc Wells Fargo 4518100110 Depository Core-Mark International, Inc Wells Fargo 4128523081 Depository Core-Mark International, Inc Wells Fargo 4518100235 Depository Core-Mark International, Inc Wells Fargo 4518100177 Depository Core-Mark International, Inc Wells Fargo 4758355309 Depository Core-Mark International, Inc Wells Fargo 4159688902 Depository Core-Mark International, Inc Wells Fargo 4091220731 Depository Core-Mark International, Inc Wells Fargo 4801900069 Depository Core-Mark International, Inc Wells Fargo 4801908815 Depository Core-Mark International, Inc Wells Fargo 4496851460 Depository Core-Mark International, Inc Wells Fargo 4311848584 Disbursement Core-Mark International, Inc Wells Fargo 4759613938 Disbursement Core-Mark International, Inc Wells Fargo 4518110564 Disbursement Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement Core-Mark International, Inc Wilson & Muir 7516436 Depository Fleming Companies, Inc. Bank of America 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 8806323919 Depository Fleming Companies, Inc. JP Morgan 8806363428 Depository Fleming Companies, Inc. JP Morgan 323252842 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 6300064998 Disbursement 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
FORM MOR - 1C FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) (DOLLARS IN 000'S)
JUNE 1, 2004 - FLEMING COMPANIES, INC. & SUBSIDIARIES [1] [2] [3] JUNE 30, 2004 - -------------------------------------------------- -------------- NET SALES $ 371,686 COSTS AND EXPENSES: Cost of sales (360,896) Selling and administrative (9,466) Reorganization items, net (441) Interest expense (127) Interest income and other 236 Impairment/restructuring charges - --------- TOTAL COSTS AND EXPENSES (370,694) --------- Income/(Loss) before income taxes 992 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 992 --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (12,407) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (12,407) --------- --------- NET INCOME/(LOSS) $ (11,415) ---------
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 the current month 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - ABCO FOOD GROUP, INC. JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - CORE-MARK INTERNATIONAL, INC. JUNE 30, 2004 - ----------------------------- ------------- NET SALES $ 265,690 COSTS AND EXPENSES: Cost of sales (257,730) Selling and administrative (6,709) Reorganization items, net (436) Interest expense (127) Interest income and other 211 Impairment/restructuring charges - --------- TOTAL COSTS AND EXPENSES (264,790) --------- Income/(Loss) before income taxes 900 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 900 --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- --------- NET INCOME/(LOSS) $ 900 ---------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - CORE-MARK INTERRELATED COMPANIES, INC. JUNE 30, 2004 - -------------------------------------- -------------- NET SALES $ 7,976 COSTS AND EXPENSES: Cost of sales (7,567) Selling and administrative (93) Reorganization items, net - Interest expense - Interest income and other (0) Impairment/restructuring charges - --------- TOTAL COSTS AND EXPENSES (7,659) --------- Income/(Loss) before income taxes 317 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 317 --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- --------- NET INCOME/(LOSS) $ 317 ---------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - CORE-MARK MID-CONTINENT, INC. JUNE 30, 2004 - ----------------------------- -------------- NET SALES $ 45,398 COSTS AND EXPENSES: Cost of sales (44,040) Selling and administrative (900) Reorganization items, net - Interest expense - Interest income and other 22 Impairment/restructuring charges - --------- TOTAL COSTS AND EXPENSES (44,917) --------- Income/(Loss) before income taxes 481 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS 481 --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - --------- --------- NET INCOME/(LOSS) $ 481 ---------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - DUNIGAN FUELS, INC. JUNE 30, 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 111 Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 111 --------- --------- NET INCOME/(LOSS) $ 111 ---------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - FAVAR CONCEPTS, LTD JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - FLEMING COMPANIES, INC. JUNE 30, 2004 - ----------------------- -------------- NET SALES $ 15,561 COSTS AND EXPENSES: Cost of sales (15,336) Selling and administrative (659) Reorganization items, net (5) Interest expense - Interest income and other 0 Impairment/restructuring charges - --------- TOTAL COSTS AND EXPENSES (16,000) --------- Income/(Loss) before income taxes (439) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM CONTINUING OPERATIONS (439) --------- DISCONTINUED OPERATIONS: Income/(Loss) before income taxes (11,397) Taxes on income/(loss) - --------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (11,397) --------- --------- NET INCOME/(LOSS) $ (11,836) ---------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - FLEMING FOODS OF TEXAS, L.P. JUNE 30, 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 (739) Taxes on income/(loss) - - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (739) - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NET INCOME/(LOSS) $ (739) - ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - FLEMING INTERNATIONAL, LTD JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - FLEMING TRANSPORTATION SERVICES, INC. JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - HEAD DISTRIBUTING COMPANY JUNE 30, 2004 - ------------------------------------------------------------------------------ NET SALES $ 7,864 COSTS AND EXPENSES: Cost of sales (7,741) Selling and administrative (430) Reorganization items, net - Interest expense - Interest income and other - Impairment/restructuring charges - - ------------------------------------------------------------------------------ TOTAL COSTS AND EXPENSES (8,172) - ------------------------------------------------------------------------------ Income/(Loss) before income taxes (307) Taxes on income/(loss) - - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS (307) - ------------------------------------------------------------------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NET INCOME/(LOSS) $ (307) - ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - MINTER-WEISMAN CO. JUNE 30, 2004 - ------------------------------------------------------------------------------ NET SALES $ 29,197 COSTS AND EXPENSES: Cost of sales (28,483) Selling and administrative (675) Reorganization items, net - Interest expense - Interest income and other 2 Impairment/restructuring charges - - ------------------------------------------------------------------------------ TOTAL COSTS AND EXPENSES (29,156) - ------------------------------------------------------------------------------ Income/(Loss) before income taxes 41 Taxes on income/(loss) - - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM CONTINUING OPERATIONS 41 - ------------------------------------------------------------------------------ DISCONTINUED OPERATIONS: Income/(Loss) before income taxes - Taxes on income/(loss) - - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS - - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NET INCOME/(LOSS) $ 41 - ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - PIGGLY WIGGLY COMPANY JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - PROGRESSIVE REALTY, INC. JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - RAINBOW FOOD GROUP, INC. JUNE 30, 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 5 Taxes on income/(loss) - - ------------------------------------------------------------------------------ INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 5 - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ NET INCOME/(LOSS) $ 5 - ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - RETAIL INVESTMENTS, INC. JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - RFS MARKETING SERVICES, INC. JUNE 30, 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: 06/01/04 - 06/30/04 STATEMENT OF OPERATIONS (UNAUDITED) [1] (DOLLARS IN 000'S)
JUNE 1, 2004 - RICHMAR FOODS, INC. JUNE 30, 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 (387) Taxes on income/(loss) - - ------------------------------------------------------------------------------------------- INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (387) - ------------------------------------------------------------------------------------------- NET INCOME/(LOSS) $ (387) - -------------------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. & SUBSIDIARIES [1] JUNE 30, 2004 - ------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents [12] $ 277,576 Receivables, net [2] 420,899 Inventories 153,736 Assets held for sale [3] 1,145 Other current assets 36,831 - ------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 890,188 - ------------------------------------------------------------------------------------------- Investments and notes receivable, net 34 Investment in direct financing leases - - ------------------------------------------------------------------------------------------- Net property and equipment 37,628 - ------------------------------------------------------------------------------------------- Other assets 42,449 - ------------------------------------------------------------------------------------------- TOTAL ASSETS $ 970,298 - ------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable [2] $ 223,858 Liabilities held for sale [3] - Other current liabilities 50,361 - ------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 274,218 - ------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities 6,169 Liabilities subject to compromise [4] [5] 2,427,797 Net intercompany due to (from) [6] 1,393 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,623 Reinvested earnings (deficit) (2,571,991) Accumulated other comprehensive income: Additional minimum pension liability [11] (15,663) Cumulative foreign currency translation adjustment 1,532 - ------------------------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY $ (1,739,279) - ------------------------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 970,298 - -------------------------------------------------------------------------------------------
FORM MOR - 3 LIABILITIES SUBJECT TO COMPROMISE [4] [5] Debt and notes payable [7] [8] $ 1,532,953 Accounts payable [9] [13] [14] 431,980 Damage estimates for closed and rejected leases [10] 148,553 Other liabilities [9] [15] 38,034 Pension obligation [11] 258,354 Taxes payable [9] [16] 17,923 -------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,427,797
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 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 by Fleming for receivables from vendors. Fleming continues to evaluate the recoverability of its customer accounts receivable. [3] Assets Held for Sale is comprised of assets from closed convenience divisions. [4] Liabilities Subject to Compromise is comprised of prepetition long-term debt, accounts payable, damage estimates for closed and rejected leases, 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 balances as of the current month end. [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 current end of month balances. [11] 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. On June 1, 2004, the Court approved a settlement between the Company and the PBGC related to the Fleming Consolidated Pension Plan. The settlement becomes effective on the Effective Date of Fleming's Plan of Reorganization. The terms of the settlement call for the PBGC to receive an Allowed Administrative Claim of $2.0 million, an Allowed Other Priority Non-Tax Claim of $750 thousand, and an Allowed General Unsecured Claim of $200 million. The amounts necessary to adjust the pension accrual to the settlement amount was made in April and reflected in the April Statement of Operations. [12] Cash and cash equivalents includes restricted cash related to the collateralization of prepetition letters of credit totaling approximately $68 million. [13] Fleming has reached agreement in principle with the lead plaintiffs representing a class of vendors who provided goods directly to third party retailers prior to April 1, 2003 and for which remittances had allegedly been collected by Fleming but not turned over to the vendors (DSD vendors). The settlement amount is $17.5 million. An adjustment was made in April, and reflected in the April Statement of Operations, to the liability subject to compromise account to reflect the settlement amount. Final approval was received for the $17.5 million settlement and funds were disbursed in July 2004. CORE-MARK ENTITIES [14] Accounts payable includes trade payables and accrued expenses. Accounts payable represents a review of the accounts payable trial balance. See also footnote 2 above. [15] Other liabilities, which include accrued compensation, other current liabilities and other long-term liabilities, represent a review of the applicable balance sheet account. [16] 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF ABCO FOOD GROUP, INC. JUNE 30, 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERNATIONAL, INC. JUNE 30, 2004 - ------------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 74,813 Receivables, net 135,667 Inventories 103,451 Assets held for sale - Other current assets 31,578 - ------------------------------------------------------------------------------------------------ TOTAL CURRENT ASSETS 345,509 - ------------------------------------------------------------------------------------------------ Investments and notes receivable, net - Investment in direct financing leases - - ------------------------------------------------------------------------------------------------ Net property and equipment 17,651 - ------------------------------------------------------------------------------------------------ Other assets 34,550 - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL ASSETS $ 397,709 - ------------------------------------------------------------------------------------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 124,256 Liabilities held for sale - Other current liabilities 14,486 - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES 138,742 - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities 5,678 Liabilities subject to compromise 77,920 Net intercompany due to (from) 175,369 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 $ 397,709 - ------------------------------------------------------------------------------------------------ LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 73,466 Damage estimates for closed and rejected leases - Other liabilities 133 Pension obligation 4,270 Taxes payable 51 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 77,920
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK INTERRELATED COMPANIES, INC. JUNE 30, 2004 - ------------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 4,777 Inventories 7,433 Assets held for sale - Other current assets 45 - ------------------------------------------------------------------------------------------------ TOTAL CURRENT ASSETS 12,255 - ------------------------------------------------------------------------------------------------ Investments and notes receivable, net - Investment in direct financing leases - - ------------------------------------------------------------------------------------------------ Net property and equipment 269 - ------------------------------------------------------------------------------------------------ Other assets - - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL ASSETS $ 12,524 - ------------------------------------------------------------------------------------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 1,867 Liabilities held for sale - Other current liabilities - - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES 1,867 - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,255 Net intercompany due to (from) 5,402 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 $ 12,524 - ------------------------------------------------------------------------------------------------ LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,255 Damage estimates for closed and rejected leases - Other liabilities - Pension obligation - Taxes payable - ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,255
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF CORE-MARK MID-CONTINENT, INC. JUNE 30, 2004 - ------------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 23,805 Inventories 20,417 Assets held for sale - Other current assets 3,648 - ------------------------------------------------------------------------------------------------ TOTAL CURRENT ASSETS 47,870 - ------------------------------------------------------------------------------------------------ Investments and notes receivable, net - Investment in direct financing leases - - ------------------------------------------------------------------------------------------------ Net property and equipment 10,779 - ------------------------------------------------------------------------------------------------ Other assets 1,302 - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL ASSETS $ 59,951 - ------------------------------------------------------------------------------------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 2,587 Liabilities held for sale - Other current liabilities - - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES 2,587 - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 5,281 Net intercompany due to (from) 52,083 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 $ 59,951 - ------------------------------------------------------------------------------------------------ LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 5,251 Damage estimates for closed and rejected leases - Other liabilities 31 Pension obligation - Taxes payable - ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,281
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF DUNIGAN FUELS, INC. JUNE 30, 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 $ - Liabilities held for sale - Other current liabilities - - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES - - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities 81 Liabilities subject to compromise 7,504 Net intercompany due to (from) (4,643) 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 7,080 Damage estimates for closed and rejected leases - Other liabilities - Pension obligation - Taxes payable 424 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,504
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FAVAR CONCEPTS, LTD JUNE 30, 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 - - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES - - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 1,249 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 542 Damage estimates for closed and rejected leases - Other liabilities - Pension obligation - Taxes payable 706 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,249
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING COMPANIES, INC. JUNE 30, 2004 - ------------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents [3] $ 201,809 Receivables, net 187,026 Inventories 6,549 Assets held for sale 1,145 Other current assets 312 - ------------------------------------------------------------------------------------------------ TOTAL CURRENT ASSETS 396,842 - ------------------------------------------------------------------------------------------------ Investments and notes receivable, net 34 Investment in direct financing leases - - ------------------------------------------------------------------------------------------------ Net property and equipment 5,476 - ------------------------------------------------------------------------------------------------ Other assets 5,229 - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL ASSETS $ 407,581 - ------------------------------------------------------------------------------------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 83,696 Liabilities held for sale - Other current liabilities 35,741 - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES 119,437 - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities 411 Liabilities subject to compromise 2,272,726 Net intercompany due to (from) (245,714) SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share 136,221 Capital in excess of par value 710,623 Reinvested earnings (deficit) (2,571,991) Accumulated other comprehensive income: - Additional minimum pension liability [2] (15,663) Cumulative foreign currency translation adjustment 1,532 - ------------------------------------------------------------------------------------------------ TOTAL SHAREHOLDERS' EQUITY $ (1,739,279) - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 407,581 - ------------------------------------------------------------------------------------------------ LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ 1,532,953 Accounts payable 287,204 Damage estimates for closed and rejected leases 148,553 Other liabilities 35,444 Pension obligation [2] 254,084 Taxes payable 14,489 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,272,726
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. On June 1, 2004, the Court approved a settlement between the Company and the PBGC related to the Fleming Consolidated Pension Plan. The settlement becomes effective on the Effective Date of Fleming's Plan of Reorganization. The terms of the settlement call for the PBGC to receive an Allowed Administrative Claim of $2.0 million, an Allowed Other Priority Non-Tax Claim of $750 thousand, and an Allowed General Unsecured Claim of $200 million. The amounts necessary to adjust the pension accrual to the settlement amount was made in April and reflected in the April Statement of Operations. [3] Cash and cash equivalents includes restricted cash related to the collateralization of prepetition letters of credit totaling approximately $68 million. FORM MOR - 3 FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING FOODS OF TEXAS, L.P. JUNE 30, 2004 - ------------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 24,378 Inventories - Assets held for sale - Other current assets - - ------------------------------------------------------------------------------------------------ TOTAL CURRENT ASSETS 24,378 - ------------------------------------------------------------------------------------------------ Investments and notes receivable, net - Investment in direct financing leases - - ------------------------------------------------------------------------------------------------ Net property and equipment - - ------------------------------------------------------------------------------------------------ Other assets 4 - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL ASSETS $ 24,382 - ------------------------------------------------------------------------------------------------ LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 205 Liabilities held for sale - Other current liabilities - - ------------------------------------------------------------------------------------------------ TOTAL CURRENT LIABILITIES 205 - ------------------------------------------------------------------------------------------------ Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 14,552 Net intercompany due to (from) 9,626 SHAREHOLDERS' EQUITY: Common stock, $2.50 par value per share Capital in excess of par value Reinvested earnings (deficit) Accumulated other comprehensive income: - Additional minimum pension liability Cumulative foreign currency translation adjustment - ------------------------------------------------------------------------------------------------ TOTAL SHAREHOLDERS' EQUITY $ - - ------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------ TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 24,382 - ------------------------------------------------------------------------------------------------ LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 12,554 Damage estimates for closed and rejected leases - Other liabilities 305 Pension obligation - Taxes payable 1,694 ------------ TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 14,552
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING INTERNATIONAL, LTD JUNE 30, 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF FLEMING TRANSPORTATION SERVICES, INC. JUNE 30, 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF HEAD DISTRIBUTING COMPANY JUNE 30, 2004 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 404 Receivables, net 12,164 Inventories 3,783 Assets held for sale - Other current assets 115 - --------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 16,465 - --------------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------------- Net property and equipment 1,239 - --------------------------------------------------------------------------------------------- Other assets 1,259 - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- TOTAL ASSETS $ 18,963 - --------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 5,958 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 5,958 - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 6,497 Net intercompany due to (from) 6,508 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 $ 18,963 - --------------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 6,491 Damage estimates for closed and rejected leases - Other liabilities 6 Pension obligation - Taxes payable - ------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,497
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF MINTER-WEISMAN CO. JUNE 30, 2004 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 550 Receivables, net 17,047 Inventories 12,104 Assets held for sale - Other current assets 774 - --------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 30,474 - --------------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------------- Net property and equipment 2,213 - --------------------------------------------------------------------------------------------- Other assets 26 - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- TOTAL ASSETS $ 32,714 - --------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 4,777 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 4,777 - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 4,356 Net intercompany due to (from) 23,581 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 $ 32,714 - --------------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 4,356 Damage estimates for closed and rejected leases - Other liabilities - Pension obligation - Taxes payable - ------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 4,356
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PIGGLY WIGGLY COMPANY JUNE 30, 2004 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 440 Inventories - Assets held for sale - Other current assets - - --------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 440 - --------------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------------- Net property and equipment - - --------------------------------------------------------------------------------------------- Other assets - - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- TOTAL ASSETS $ 440 - --------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 148 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 148 - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 320 Net intercompany due to (from) (29) 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 $ 440 - --------------------------------------------------------------------------------------------- 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 $ 320
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF PROGRESSIVE REALTY, INC. JUNE 30, 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 - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES - - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 9 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 $ - - --------------------------------------------------------------------------------------------- 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RAINBOW FOOD GROUP, INC. JUNE 30, 2004 - --------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 4,519 Inventories - Assets held for sale - Other current assets 9 - --------------------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 4,528 - --------------------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - --------------------------------------------------------------------------------------------- Net property and equipment - - --------------------------------------------------------------------------------------------- Other assets 79 - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- TOTAL ASSETS $ 4,607 - --------------------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 304 Liabilities held for sale - Other current liabilities - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 304 - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 19,793 Net intercompany due to (from) (15,490) 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 $ 4,607 - --------------------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 19,793 Damage estimates for closed and rejected leases - Other liabilities - Pension obligation - Taxes payable - ------------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,793
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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RETAIL INVESTMENTS, INC. JUNE 30, 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 - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES - - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) - 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RFS MARKETING SERVICES, INC. JUNE 30, 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 - - --------------------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES - - --------------------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise - Net intercompany due to (from) - 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: 06/01/04 - 06/30/04 BALANCE SHEET (UNAUDITED) [1] (DOLLARS IN 000'S)
AS OF RICHMAR FOODS, INC. JUNE 30, 2004 - --------------------------------------------------------------------------------- ASSETS CURRENT ASSETS: Cash and cash equivalents $ - Receivables, net 7,946 Inventories - Assets held for sale - Other current assets 347 - ------------------------------------------------------------------------------- TOTAL CURRENT ASSETS 8,293 - ------------------------------------------------------------------------------- Investments and notes receivable, net - Investment in direct financing leases - - ------------------------------------------------------------------------------- Net property and equipment - - ------------------------------------------------------------------------------- Other assets - - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- TOTAL ASSETS $ 8,293 - ------------------------------------------------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ 54 Liabilities held for sale - Other current liabilities 134 - ------------------------------------------------------------------------------- TOTAL CURRENT LIABILITIES 188 - ------------------------------------------------------------------------------- Long-term debt - Long-term obligations under capital leases - Other liabilities - Liabilities subject to compromise 10,781 Net intercompany due to (from) (2,676) 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 $ 8,293 - ------------------------------------------------------------------------------- LIABILITIES SUBJECT TO COMPROMISE Debt and notes payable $ - Accounts payable 8,108 Damage estimates for closed and rejected leases - Other liabilities 2,115 Pension obligation - Taxes payable 558 --------- TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 10,781
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: 06/01/04 - 06/30/04 (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] $ 340 - $ 32 372 - --------------------------------------------------------------------------------------------- TOTAL FEDERAL TAXES $ 340 $ - $ 32 $ 372 - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- STATE AND LOCAL - --------------------------------------------------------------------------------------------- Payroll Taxes [1] $ - $ - $ - $ - - --------------------------------------------------------------------------------------------- Sales [2] $ - - - - - --------------------------------------------------------------------------------------------- Excise [2] $ 144 - - 144 - --------------------------------------------------------------------------------------------- Real & Personal Property [3] $ 2,441 - - 2,441 - --------------------------------------------------------------------------------------------- Cigarette & Tobacco [4] $ - - - - - --------------------------------------------------------------------------------------------- Franchise [2] $ 411 - - 411 - --------------------------------------------------------------------------------------------- Total State and Local $ 2,996 $ - $ - $ 2,996 - --------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------- TOTAL TAXES $ 3,336 $ - $ 32 $ 3,368 - ---------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING TAX WITHHELD OR AMOUNT TAX CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY - ----------------------------------------------------------------------------------------------- FEDERAL - ----------------------------------------------------------------------------------------------- Payroll Taxes [1] $ 379 $ 2,405 $ (2,470) $ 314 - ----------------------------------------------------------------------------------------------- Income [10] $ 15 - - 15 - ----------------------------------------------------------------------------------------------- TOTAL FEDERAL TAXES $ 394 $ 2,405 $ (2,470) $ 329 - ----------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------- STATE AND LOCAL - ----------------------------------------------------------------------------------------------- Payroll Taxes [1] $ (22) $ 325 $ (343) $ (40) - ----------------------------------------------------------------------------------------------- Sales $ 19 39 (33) 24 - ----------------------------------------------------------------------------------------------- Excise $ 551 326 (253) 625 - ----------------------------------------------------------------------------------------------- Real & Personal Property [3] $ 817 216 (1) 1,031 - ----------------------------------------------------------------------------------------------- Cigarette & Tobacco $ 32,676 94,040 (91,232) 35,483 - ----------------------------------------------------------------------------------------------- Other: GST [5] $ 2,201 2,416 (2,081) 2,536 - ----------------------------------------------------------------------------------------------- Other: Spokane & Portland B&O Tax [6] $ 56 58 (56) 58 - ----------------------------------------------------------------------------------------------- Total State and Local $ 36,298 $ 97,419 $(94,000) $ 39,717 - ----------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------- TOTAL TAXES $ 36,692 $ 99,824 $(96,470) $ 40,046 - -----------------------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT - ----------------------------------------------------------------------------------------------- Current $ - - ----------------------------------------------------------------------------------------------- 0 - 30 days [7] 84,414 - ----------------------------------------------------------------------------------------------- 31 - 60 days - - ----------------------------------------------------------------------------------------------- 61 - 90 days - - ----------------------------------------------------------------------------------------------- 91+ days - - ----------------------------------------------------------------------------------------------- Total Accounts Payable [8] $ 84,414 - -----------------------------------------------------------------------------------------------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT Current $ - - ----------------------------------------------------------------------------------------------- 0 - 30 days [7] 139,444 - ----------------------------------------------------------------------------------------------- 31 - 60 days - - ----------------------------------------------------------------------------------------------- 61 - 90 days - - ----------------------------------------------------------------------------------------------- 91+ days - - ----------------------------------------------------------------------------------------------- Total Accounts Payable [8] $139,444 - -----------------------------------------------------------------------------------------------
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 or decrease in the current month. [3] Fleming's postpetition real and personal property tax amounts are reviewed on an continuing basis and the Company anticipates additional adjustments will be made in future periods. 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: 06/01/04 - 06/30/04 (DOLLARS IN 000'S) ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT Not Due $ 2,864 - ----------------------------------------------------------------------------------------------- Current 7,223 - ----------------------------------------------------------------------------------------------- 1 - 7 days old 457 - ----------------------------------------------------------------------------------------------- 8 - 14 days old 457 - ----------------------------------------------------------------------------------------------- 15 - 21 days old 457 - ----------------------------------------------------------------------------------------------- + Over 21 days 292,800 - ----------------------------------------------------------------------------------------------- Credits Over 21 days [5] - - ----------------------------------------------------------------------------------------------- Total Accounts Receivable $304,258 - ----------------------------------------------------------------------------------------------- Amount considered uncollectible (Bad Debt) [3] (76,818) - ----------------------------------------------------------------------------------------------- Accounts Receivable (Net) $227,440 - -----------------------------------------------------------------------------------------------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT Current $176,340 - ----------------------------------------------------------------------------------------------- 1 - 30 days old 17,568 - ----------------------------------------------------------------------------------------------- 31 - 45 days old 631 - ----------------------------------------------------------------------------------------------- 40 - 60 days old 472 - ----------------------------------------------------------------------------------------------- 61 - 90 days old 649 - ----------------------------------------------------------------------------------------------- 91 - 120 days old 176 - ----------------------------------------------------------------------------------------------- + Over 120 days 4,077 - ----------------------------------------------------------------------------------------------- Total Accounts Receivable $199,913 - ----------------------------------------------------------------------------------------------- Amount considered uncollectible (Bad Debt) [3] (6,454) - ----------------------------------------------------------------------------------------------- Accounts Receivable (Net) $193,459
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. X - ----------------------------------------------------------------------------------------------- 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. X - ----------------------------------------------------------------------------------------------- 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. X - ----------------------------------------------------------------------------------------------- 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. X - -----------------------------------------------------------------------------------------------
NOTES [1] Of the Core-Mark's 7 Eastern divisions ("Fleming 7"), Core-Mark's accounts receivable aging includes Head and Minter-Weisman and Fleming's accounts receivable aging includes the four convenience divisions that are part of Fleming Companies, Inc. Four of the seven divisions were closed in 2003. In cases where the aging of detail accounts receivable amounts are not available, the amount is allocated to the aging brackets. [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 the end of the current month. [4] 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. [5] 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: 06/01/04 - 06/30/04 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 (15150 Preston Road, Suite 240; Dallas, TX 75248). Ernst & Young LLP 2121 San Jacinto Street, Suite 1500 Dallas Office Dallas TX 75201 Phone (214) 969-8000 Facsimile (214) 969-9770
FLEMING COMPANIES, INC. ET AL. CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED) REPORTING PERIOD: JUNE 1, 2004 TO JUNE 30, 2004 TAX AFFIDAVIT By order of this Court dated May 6, 2003, Ernst & Young (E&Y) has been retained to provide certain tax services to the Debtors (the "Tax Services"). E&Y provided the Tax Services pursuant to the terms and conditions set forth in the engagement letter attached hereto as Ex. A which was allowed under the May 6, 2003 Bankruptcy Court Order of E&Y retention. Pursuant to this retention order, E&Y assists the Debtor with the following tax services during the reporting period on behalf of Fleming Companies, Inc. and affiliates ("the Debtor"): - Prepare certain federal income, state income, state franchise, gross receipts and net worth tax returns and provide them to management of the Debtor for signature; - Prepare certain sales, excise, and use tax returns for U.S., state and local governments and provide them to management of the Debtor for filing; - Provide certain property tax returns prepared by third party consultants to management of the Debtor for filing; - Prepare certain property tax returns and provide them to management of the Debtor for filing; and - Update a tax filing calendar for certain income, franchise, sales and use, cigarette, tobacco, and other miscellaneous taxes, and business license filings and provide it to Debtor's management for review and approval. The Debtor's management is responsible for establishing and maintaining its tax system and procedures. During the reporting period, all returns were timely filed with the appropriate jurisdictions. To the best of my knowledge, E&Y has completed the above mentioned activities related to the tax returns covered by the engagement letter which are required to be prepared or filed by the Fleming Companies, Inc. and its affiliates during the reporting period referenced above. July 21, 2004 /s/ Lisa Shield Vines - ------------------------ -------------------------- Date Lisa Shield Vines, Partner -----END PRIVACY-ENHANCED MESSAGE-----