0001116502-01-501255.txt : 20011031
0001116502-01-501255.hdr.sgml : 20011031
ACCESSION NUMBER: 0001116502-01-501255
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011020
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011029
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: GERALD STEVENS INC/
CENTRAL INDEX KEY: 0000037525
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 650971499
STATE OF INCORPORATION: FL
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-05531
FILM NUMBER: 1768879
BUSINESS ADDRESS:
STREET 1: PO BOX 350526
CITY: FT LAUDERDALE
STATE: FL
ZIP: 33335-0526
BUSINESS PHONE: 9547135000
MAIL ADDRESS:
STREET 1: 301 EAST LAS OLAS BLVD
STREET 2: SUITE 300
CITY: FT LAUDERDALE
STATE: FL
ZIP: 33301
FORMER COMPANY:
FORMER CONFORMED NAME: FLORAFAX INTERNATIONAL INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: SPOTTS FLORAFAX CORP
DATE OF NAME CHANGE: 19740924
FORMER COMPANY:
FORMER CONFORMED NAME: SPOTTS MAILING CORP
DATE OF NAME CHANGE: 19671205
8-K
1
gs-8k.txt
CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 20, 2001
----------------
GERALD STEVENS, INC.
--------------------
(Exact name of registrant as specified in its charter)
Florida 0-05531 65-0971499
---------------- ---------------------- ---------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
1800 Eller Drive, Fort Lauderdale, Florida 33316
------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 954/627-1000
Item 5. Other Events
As previously announced, on April 23, 2001, Gerald Stevens, Inc. filed voluntary
petitions for itself and certain of its subsidiaries (the "Debtors") under
Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the
United States Bankruptcy Court in Miami, Florida (the "Chapter 11 Cases"). The
Chapter 11 Cases have been substantively consolidated, and the cases are being
administered jointly. The Debtors continue to operate the business and manage
their property as debtors-in-possession pursuant to sections 1107 and 1108 of
the Bankruptcy Code.
On October 20, 2001, the Debtors submitted to the Bankruptcy Court their Monthly
Financial Report for Business (the "Report") for the period beginning September
1, 2001 and ending September 30, 2001, and for the period beginning April 23,
2001 and ending September 30, 2001. A copy of the Report (excluding attachments
filed with the Report) is attached hereto as Exhibit 99.1 and the Report is
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Statements, and Exhibits
(c) Exhibits.
Exhibit Number Description
-------------- -----------
99.1 Monthly Financial Report For Business (excluding
attachments) of Debtors for the period beginning
September 1, 2001 and ending September 30, 2001, and
for the period beginning April 23, 2001 and ending
September 30, 2001
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed by the undersigned,
thereunto duly authorized.
GERALD STEVENS, INC.
(Registrant)
By /s/ JOHN HALL
---------------------------
John Hall
President and
Chief Executive Officer
Dated: October 29, 2001
3
GERALD STEVENS, INC.
Current Report on Form 8-K
Exhibit Index
Exhibit Number Description
-------------- -----------
99.1 Monthly Financial Report For Business (excluding
attachments) of Debtors for the period beginning
September 1, 2001 and ending September 30, 2001, and
for the period beginning April 23, 2001 and ending
September 30, 2001
EX-99.1
3
ex99-1gs.txt
MONTHLY FINANCIAL REPORT
Exhibit 99.1
GERALD STEVENS, INC. and SUBSIDIARIES
CASE NUMBERS 01-13984 BKC-RAM through 01-14039-BKC-RAM
MONTHLY FINANCIAL REPORT
--------------------------------------------- ---------------------
FOR THE PERIOD BEGINNING 9/1/01 AND ENDING 9/30/01
--------------------------------------------- ---------------------
CURRENT MONTH
CORPORATE ROYERS NAT. FLORA AGA TOTAL
1 CASH AT BEGINNING OF PERIOD (2,352,121.21) 236,023.17 16,776.88 41,318.02 (2,058,003.14)
2 RECEIPTS -
A Cash Sales 1,635,543.69 209,549.54 - - 1,845,093.23
Less Cash Refunds (6,159.26) (2,248.48) (810.15) - (9,217.89)
-----------------------------------------------------------------------
Net Cash Sales 1,629,384.43 207,301.06 (810.15) - 1,835,875.34
B Collections of Postpetition AR (Incl CC) 5,031,697.49 702,336.40 49,022.00 133,963.00 5,917,018.89
C Collections of Prepetition AR - 7,441.11 - - 7,441.11
D Other Receipts 3,170,368.13 - - - 3,170,368.13
Intercompany cash transfers, Net (428,563.63) 13,961.04 11,575.87 403,026.72 -
-----------------------------------------------------------------------
3 TOTAL RECEIPTS 9,402,886.42 931,039.61 59,787.72 536,989.72 10,930,703.47
-----------------------------------------------------------------------
4 TOTAL CASH AVAILABLE FOR OPERATIONS 7,050,765.21 1,167,062.78 76,564.60 578,307.74 8,872,700.33
5 DISBURSEMENTS
A US Trustee Quarterly Fees - - - - -
B Net Payroll 2,123,664.11 226,885.49 3,648.79 - 2,354,198.39
C Payroll Taxes Paid 831,183.58 88,674.73 - - 919,858.31
D Sales and Use Taxes Paid 503,753.71 81,440.63 - - 585,194.34
E Other Taxes Paid 19,815.89 - - - 19,815.89
F Rent 46,994.19 84,312.60 11,857.03 18,080.20 161,244.02
G Other Lease Payments 12,526.44 1,140.00 2,347.93 3,965.92 19,980.29
H Telephone 227,594.41 23,573.98 4,327.39 2,232.50 257,728.28
I Utilities 214,976.80 25,857.88 2,356.56 - 243,191.24
J Travel and Entertainment 29,729.50 985.05 3,675.55 2,215.95 36,606.05
K Vehicle Expense 208,954.34 26,868.53 - 462.77 236,285.64
L Office Supplies 27,919.15 14,581.83 2,899.77 717.83 46,118.58
M Advertising 962,531.26 28,421.47 10,046.25 - 1,000,998.98
N Insurance (Attachment 7) 550,355.56 - - - 550,355.56
O Purchases of Fixed Assets 6,000.00 1,209.00 10,000.00 - 17,209.00
P Purchases of Inventory 1,608,705.55 277,349.20 660.95 502,253.73 2,388,969.43
Q Manufacturing Supplies 22,547.14 - - 547.94 23,095.08
R Repairs and Maintenance 72,742.31 15,858.38 2,175.66 495.28 91,271.63
S Other Operating Expenses (Attach List) 446,020.83 4,119.03 15,612.03 4,574.09 470,325.98
-----------------------------------------------------------------------
6 TOTAL CASH DISBURSEMENTS 7,916,014.77 901,277.80 69,607.91 535,546.21 9,422,446.69
-----------------------------------------------------------------------
7 CASH AT END OF PERIOD (Item 4 Minus Item 6) (865,249.56) 265,784.98 6,956.69 42,761.53 (549,746.36)
=======================================================================
GERALD STEVENS, INC. and SUBSIDIARIES
CASE NUMBERS 01-13984 BKC-RAM through 01-14039-BKC-RAM
MONTHLY FINANCIAL REPORT
--------------- ---------------------
FOR THE PERIOD BEGINNING 4/23/01 AND ENDING 9/30/01
--------------- ---------------------
CUMULATIVE FROM FILING DATE
---------------------------
CORPORATE CANADA ROYERS NAT. FLORA
--------- ------ ------ ----------
1 CASH AT BEGINNING OF PERIOD 1,799,448.84 315,845.12 172,083.10 93,826.08
2 RECEIPTS
A Cash Sales 17,034,038.60 143,220.26 3,111,291.95 197,234.02
Less Cash Refunds (43,755.80) - (36,154.65) (5,521.30)
------------------------------------------------------------
Net Cash Sales 16,990,282.80 143,220.26 3,075,137.30 191,712.72
B Collections of Postpetition AR (Incl CC) 40,513,428.26 184,588.02 4,295,126.82 202,562.84
C Collections of Prepetition AR 4,526,297.70 - 1,390,273.62 4,611.32
D Other Receipts 11,847,754.63 - 1,482,403.03 -
Intercompany cash transfers, Net (973,120.86) - (2,362,370.95) (53,971.98)
------------------------------------------------------------
3 TOTAL RECEIPTS 72,904,642.53 327,808.28 7,880,569.82 344,914.90
------------------------------------------------------------
4 TOTAL CASH AVAILABLE FOR OPERATIONS 74,704,091.37 643,653.40 8,052,652.92 438,740.98
5 DISBURSEMENTS
A US Trustee Quarterly Fees 35,750.00 - - -
B Net Payroll 20,959,981.57 109,993.16 2,991,908.48 7,034.96
C Payroll Taxes Paid 7,611,057.84 2,649.36 1,027,332.34 -
D Sales and Use Taxes Paid 3,724,722.34 31,356.89 407,063.20 -
E Other Taxes Paid 353,120.05 - 44,846.34 -
F Rent 4,847,254.54 42,188.25 413,019.53 71,250.34
G Other Lease Payments 114,185.86 460.80 1,979.23 22,146.35
H Telephone 1,436,381.31 4,592.65 88,167.19 30,362.96
I Utilities 1,180,120.29 7,702.09 104,363.23 10,479.07
J Travel and Entertainment 300,600.88 - 4,990.77 36,782.41
K Vehicle Expense 1,951,193.32 6,451.61 201,989.40 14.18
L Office Supplies 239,354.00 2,398.09 93,373.09 16,810.53
M Advertising 6,131,968.54 6,489.35 118,976.38 110,512.50
N Insurance (Attachment 7) 5,657,080.84 8,214.96 - -
O Purchases of Fixed Assets 49,917.54 - 4,824.00 13,746.00
P Purchases of Inventory 12,428,434.44 206,969.35 2,154,091.81 1,987.61
Q Manufacturing Supplies 141,928.72 - 1,817.21 -
R Repairs and Maintenance 417,247.70 2,922.56 85,671.71 11,047.84
S Other Operating Expenses (Attach List) 7,989,041.15 211,264.28 42,454.03 99,609.54
------------------------------------------------------------
6 TOTAL CASH DISBURSEMENTS 75,569,340.93 643,653.40 7,786,867.94 431,784.29
------------------------------------------------------------
7 CASH AT END OF PERIOD (Item 4 Minus Item 6) (865,249.56) - 265,784.98 6,956.69
============================================================
[restubbed table]
CUMULATIVE FROM FILING DATE
---------------------------
AGA TOTAL
--- -----
1 CASH AT BEGINNING OF PERIOD 19,166.46 2,400,369.60
2 RECEIPTS -
A Cash Sales - 20,485,784.83
Less Cash Refunds - (85,431.75)
----------------------------------
Net Cash Sales - 20,400,353.08
B Collections of Postpetition AR (Incl CC) 1,261,534.97 46,457,240.91
C Collections of Prepetition AR - 5,921,182.64
D Other Receipts - 13,330,157.66
Intercompany cash transfers, Net 3,389,463.79 -
----------------------------------
3 TOTAL RECEIPTS 4,650,998.76 86,108,934.29
----------------------------------
4 TOTAL CASH AVAILABLE FOR OPERATIONS 4,670,165.22 88,509,303.89
5 DISBURSEMENTS
A US Trustee Quarterly Fees - 35,750.00
B Net Payroll - 24,068,918.17
C Payroll Taxes Paid - 8,641,039.54
D Sales and Use Taxes Paid - 4,163,142.43
E Other Taxes Paid - 397,966.39
F Rent 90,069.84 5,463,782.50
G Other Lease Payments 11,847.46 150,619.70
H Telephone 17,758.40 1,577,262.51
I Utilities 20,372.22 1,323,036.90
J Travel and Entertainment 6,239.52 348,613.58
K Vehicle Expense 26,711.94 2,186,360.45
L Office Supplies 12,965.80 364,901.51
M Advertising - 6,367,946.77
N Insurance (Attachment 7) - 5,665,295.80
O Purchases of Fixed Assets 1,781.75 70,269.29
P Purchases of Inventory 4,404,543.12 19,196,026.33
Q Manufacturing Supplies 3,217.01 146,962.94
R Repairs and Maintenance 10,639.82 527,529.63
S Other Operating Expenses (Attach List) 21,256.81 8,363,625.81
----------------------------------
6 TOTAL CASH DISBURSEMENTS 4,627,403.69 89,059,050.25
----------------------------------
7 CASH AT END OF PERIOD (Item 4 Minus Item 6) 42,761.53 (549,746.36)
==================================
Includes adjustment in Royer's account to correct Omission of other Deposit not
reported in May 31 MOR in the amount of: $ 169,270.50