EX-99.1 2 ex99-1.txt REPORT TO U.S. BANKRUPTCY COURT CASE NAME: LACLEDE STEEL COMPANY FORM OPR-1A CASE NUMBER: 01-48321-399
As of July 31, Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 BALANCE SHEETS 2001 2001 2001 2001 2001 2001 2001 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Current Assets: Cash $ 195,000 $ 195,000 $ 195,000 $ 323,823 $ 323,823 $ 1,768,628 $ 1,738,037 Accounts receivable, net of allowances 15,675,287 15,410,249 14,814,241 6,752,519 3,553,199 1,268,641 583,151 Inventories 20,364,783 12,884,535 2,906,598 775,600 710,232 - - Accounts receivable from subsidiary 1,128,194 819,274 1,922,013 1,922,013 1,922,013 - - Deferred charges 1,782,385 2,120,896 - - - - - Prepaid expenses 1,111,176 1,072,297 586,394 725,872 567,621 694,301 694,301 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Current Assets 40,256,825 32,502,251 20,424,246 10,499,827 7,076,888 3,731,570 3,015,489 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Investment in subsidiary 12,262,947 12,382,185 12,721,249 13,065,675 13,179,470 - - Non-Current Assets: Unamortized debt issue costs 951,697 919,974 919,974 919,974 919,974 - - Reorg. value in excess of identifiable assets 21,024,511 20,838,453 20,838,453 20,838,453 20,838,453 - - Other 37,533 37,533 37,533 37,533 37,333 - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets 22,013,741 21,795,960 21,795,960 21,795,960 21,795,760 - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) 35,040,334 35,544,452 34,385,529 34,385,529 33,785,529 33,473,714 33,473,714 Less - accumulated depreciation (1,103,508) (1,261,152) (1,209,344) (1,209,344) (1,209,344) (1,209,344) (1,209,344) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Net Plant and Equipment 33,936,826 34,283,300 33,176,185 33,176,185 32,576,185 32,264,370 32,264,370 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Assets $108,470,339 $100,963,696 $88,117,640 $78,537,647 $74,628,303 $35,995,940 $35,279,859 ============ ============ =========== =========== =========== =========== ===========
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 BALANCE SHEETS 2002 2002 2002 2002 2002 2002 ----------- ----------- ----------- ----------- ----------- ----------- Current Assets: Cash $ 2,444,131 $ 3,503,415 $ 3,361,758 $ 3,206,947 $ 3,061,058 $ 3,405,059 Accounts receivable, net of allowances 578,309 245,925 198,704 194,704 194,704 191,848 Inventories - - - - - - Accounts receivable from subsidiary - - - - - - Deferred charges - - - - - - Prepaid expenses - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Current Assets 3,022,440 3,749,340 3,560,462 3,401,651 3,255,762 3,596,907 ----------- ----------- ----------- ----------- ----------- ----------- Investment in subsidiary - - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - - Reorg. value in excess of identifiable assets - - - - - - Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) 33,454,714 30,207,267 30,207,267 30,207,267 30,207,267 30,207,267 Less - accumulated depreciation (1,209,344) (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) ----------- ----------- ----------- ----------- ----------- ----------- Net Plant and Equipment 32,245,370 29,064,259 29,064,259 29,064,259 29,064,259 29,064,259 ----------- ----------- ----------- ----------- ----------- ----------- Total Assets $35,267,810 $32,813,599 $32,624,721 $32,465,910 $32,320,021 $32,661,166 =========== =========== =========== =========== =========== ===========
Aug 31 Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 BALANCE SHEETS 2002 2002 2002 2002 2002 2003 2003 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Current Assets: Cash $ 3,417,904 $ 4,493,598 $ 4,233,312 $ 4,149,185 $ 4,982,488 $ 4,820,707 $ 4,647,700 Accounts receivable, net of allowances 1,427,087 82,533 56,533 54,033 54,033 54,033 54,033 Inventories - - - - - - - Accounts receivable from subsidiary - - - - - - - Deferred charges - - - - - - - Prepaid expenses - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Assets 4,844,991 4,576,131 4,289,845 4,203,218 5,036,521 4,874,740 4,701,733 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Investment in subsidiary - - - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - - - Reorg. value in excess of identifiable assets - - - - - - - Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) 30,160,255 30,160,255 30,160,255 30,160,255 30,160,255 30,160,255 30,160,255 Less - accumulated depreciation (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) (1,143,008) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Net Plant and Equipment 29,017,247 29,017,247 29,017,247 29,017,247 29,017,247 29,017,247 29,017,247 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Assets $33,862,238 $33,593,378 $33,307,092 $33,220,465 $34,053,768 $33,891,987 $33,718,980 =========== =========== =========== =========== =========== =========== ===========
Mar 31 Apr 30 May 31 June 30 July 31 August 31 September 30 BALANCE SHEETS 2003 2003 2003 2003 2003 2003 2003 ----------- ----------- ---------- ---------- ---------- ----------- ----------- Current Assets: Cash $ 4,016,432 $ 3,901,357 $3,405,161 $2,853,265 $2,826,360 $2,812,849 $4,645,882 Accounts receivable, net of allowances 54,033 54,033 54,033 54,033 54,033 54,033 54,033 Inventories - - - - - - - Accounts receivable from subsidiary - - - - - - - Deferred charges - - - - - - - Prepaid expenses - - - - - - - ----------- ----------- ---------- ---------- ---------- ---------- ---------- Total Current Assets 4,070,465 3,955,390 3,459,194 2,907,298 2,880,393 2,866,882 4,699,915 ----------- ----------- ---------- ---------- ---------- ---------- ---------- Investment in subsidiary - - - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - - - Reorg. value in excess of identifiable assets - - - - - - - Other - - - - - - - ----------- ----------- ---------- ---------- ---------- ---------- ---------- Total Non-Current Assets - - - - - - - ----------- ----------- ---------- ---------- ---------- ---------- ---------- Plant and Equipment (Schedule B) 30,160,255 30,160,255 - - - - - Less - accumulated depreciation (1,143,008) (1,143,008) - - - - - ----------- ----------- ---------- ---------- ---------- ---------- ---------- Net Plant and Equipment 29,017,247 29,017,247 - - - - - ----------- ----------- ---------- ---------- ---------- ---------- ---------- Total Assets $33,087,712 $32,972,637 $3,459,194 $2,907,298 $2,880,393 $2,866,882 $4,699,915 =========== =========== ========== ========== ========== ========== ==========
October 31 November 30 December 31 January 31 February 29 March 31 BALANCE SHEETS 2003 2003 2003 2004 2004 2004 ----------- ----------- ----------- ----------- ----------- ----------- Current Assets: Cash $ 4,609,171 $ 4,449,938 $ 4,438,240 $ 4,427,655 $ 4,382,857 $ 4,364,322 Accounts receivable, net of allowances 54,033 54,033 54,033 54,033 54,033 54,033 Inventories - - - - - - Accounts receivable from subsidiary - - - - - - Deferred charges - - - - - - Prepaid expenses - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Current Assets 4,663,204 4,503,971 4,492,273 4,481,688 4,436,890 4,418,355 ----------- ----------- ----------- ----------- ----------- ----------- Investment in subsidiary - - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - - Reorg. value in excess of identifiable assets - - - - - - Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) - - - - - - Less - accumulated depreciation - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net Plant and Equipment - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total Assets $ 4,663,204 $ 4,503,971 $ 4,492,273 $ 4,481,688 $ 4,436,890 $ 4,418,355 =========== =========== =========== =========== =========== ===========
Apirl 30 May 31 June 30 July 31 August 31 BALANCE SHEETS 2004 2004 2004 2004 2004 ----------- ----------- ----------- ----------- ----------- Current Assets: Cash $ 4,346,445 $ 4,331,009 $ 4,316,275 $ 4,293,437 $ 4,350,457 Accounts receivable, net of allowances 54,033 54,033 54,033 54,033 54,033 Inventories - - - - - Accounts receivable from subsidiary - - - - - Deferred charges - - - - - Prepaid expenses - - - - - ----------- ----------- ----------- ----------- ----------- Total Current Assets 4,440,478 4,385,132 4,370,308 4,347,470 4,404,490 ----------- ----------- ----------- ----------- ----------- Investment in subsidiary - - - - - Non-Current Assets: Unamortized debt issue costs - - - - - Reorg. value in excess of identifiable assets - - - - - Other - - - - - ----------- ----------- ----------- ----------- ----------- Total Non-Current Assets - - - - - ----------- ----------- ----------- ----------- ----------- Plant and Equipment (Schedule B) - - - - - Less - accumulated depreciation - - - - - ----------- ----------- ----------- ----------- ----------- Net Plant and Equipment - - - - - ----------- ----------- ----------- ----------- ----------- Total Assets $ 4,400,478 $ 4,385,132 $ 4,370,308 $ 4,347,470 $ 4,404,490 =========== =========== =========== =========== ===========
I CERTIFY UNDER PENALTY OF PERJURY THAT TO THE BEST OF MY KNOWLEDGE THE FOLLOWING OPERATING REPORTS CONSISTING OF 23 PAGES ARE TRUE AND CORRECT. Date Submitted 09/24/04 Signed /s/ Michael H. Lane ----------- ---------------------------------------- CASE NAME: LACLEDE STEEL COMPANY FORM OPR-1B CASE NUMBER: 01-48321-399
As of July 31, Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 BALANCE SHEETS 2001 2001 2001 2001 2001 2001 2002 ------------ ------------ ------------- ----------- ------------ ----------- ------------ Current Liabilities: Accounts payable $12,126,951 $12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 1,572,602 1,640,265 2,657,100 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 802,311 758,985 758,985 725,344 725,344 725,344 725,344 Interest on debt 548,423 575,509 515,214 459,548 429,601 207,350 207,350 Other current liabilities 2,385,429 1,760,535 2,664,510 2,863,139 2,862,738 2,862,939 2,875,377 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 17,435,716 16,862,245 18,722,760 19,119,064 19,088,716 18,866,666 18,879,104 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 Postretirement health care 50,960,618 50,960,618 50,960,618 50,959,926 50,959,927 50,959,926 50,959,926 Deferred income taxes 563,226 563,226 563,226 563,226 563,226 563,226 563,226 EAF dust reserve 202,358 202,358 202,358 202,213 202,213 202,213 202,213 Other (837) (649) (649) (649) - - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,753,058 54,753,246 54,753,246 54,752,409 54,753,059 54,753,058 54,753,058 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 6,783,658 7,527,105 7,527,105 7,527,105 7,527,105 4,301,781 4,301,781 Revolving credit 23,302,646 17,843,946 12,787,006 5,736,455 2,804,737 - - Term loan - banks 5,741,668 5,741,668 5,741,668 5,741,668 5,741,668 - - ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 35,827,972 31,112,719 26,055,779 19,005,228 16,073,510 4,301,781 4,301,781 ------------ ------------ ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (12,046,507) (14,264,614) (23,914,245) (26,839,154) (27,787,082) (54,425,665) (55,154,184) ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) 453,593 (1,764,514) (11,414,145) (14,339,054) (15,286,982) (41,925,565) (42,654,084) ------------ ------------ ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $108,470,339 $100,963,696 $ 88,117,640 $ 78,537,647 $ 74,628,303 $ 35,995,940 $ 35,279,859 ============ ============ ============ ============ ============ ============ ============
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 Aug 31 BALANCE SHEETS 2002 2002 2002 2002 2002 2002 2002 ------------ ------------ ------------ ------------ ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 725,344 725,344 725,344 725,344 725,344 725,344 725,344 Interest on debt 207,350 207,350 207,350 207,350 207,350 207,350 207,350 Other current liabilities 2,873,375 2,878,776 2,881,193 2,881,193 2,881,193 2,891,636 2,997,259 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 18,877,102 18,882,503 18,884,920 18,884,920 18,884,920 18,895,363 19,000,986 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 Postretirement health care 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 Deferred income taxes 563,226 569,557 569,557 569,557 569,557 569,557 569,557 EAF dust reserve 202,213 202,213 202,213 202,213 202,213 202,213 202,213 Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,753,058 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 Revolving credit - - - - - - - Term loan - banks - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (55,164,231) (57,630,174) (57,821,469) (57,980,280) (58,126,169) (57,795,467) (56,700,018) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (42,664,131) (45,130,074) (45,321,369) (45,480,180) (45,626,069) (45,295,367) (44,199,918) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 35,267,810 $ 32,813,599 $ 32,624,721 $ 32,465,910 $ 32,320,021 $ 32,661,166 $ 33,862,238 ============ ============ ============ ============ ============ ============ ============
Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 Mar 31 BALANCE SHEETS 2002 2002 2002 2002 2003 2003 2003 ------------ ------------ ------------ ------------ ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 725,344 725,344 725,344 725,344 725,344 725,344 725,344 Interest on debt 207,350 207,350 207,350 207,350 207,350 207,350 207,350 Other current liabilities 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 18,884,920 18,884,920 18,884,920 18,884,920 18,884,920 18,884,920 18,884,920 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 3,027,693 Postretirement health care 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 Deferred income taxes 569,557 569,557 569,557 569,557 569,557 569,557 569,557 EAF dust reserve 202,213 202,213 202,213 202,213 202,213 202,213 202,213 Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 54,759,389 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 Revolving credit - - - - - - - Term loan - banks - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (56,852,812) (57,139,098) (57,225,725) (56,392,422) (56,554,203) (56,727,210) (57,358,478) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (44,352,712) (44,638,998) (44,725,625) (43,892,322) (44,054,103) (44,227,110) (44,858,378) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 33,593,378 $ 33,307,092 $ 33,220,465 $ 34,053,768 $ 33,891,987 $ 33,718,980 $ 33,087,712 ============ ============ ============ =========== ============ ============ ============
Apr 30 May 31 June 30 July 31 August 31 September 30 October 31 BALANCE SHEETS 2003 2003 2003 2003 2003 2003 2003 ------------ ------------ ------------ ------------ ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes 725,344 - - - - - - Interest on debt 207,350 207,350 207,350 207,350 207,350 207,350 207,350 Other current liabilities 2,881,193 2,896,493 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 18,884,920 18,174,876 18,159,576 18,159,576 18,159,576 18,159,576 18,159,576 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 3,027,693 3,027,693 2,673,792* 2,673,792 2,673,792 2,673,792 2,673,792 Postretirement health care 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 Deferred income taxes 569,557 569,557 569,557 569,557 569,557 569,557 569,557 EAF dust reserve 202,213 102,213 102,213 102,213 102,213 102,213 102,213 Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,759,389 54,659,389 54,305,488 54,305,488 54,305,488 54,305,488 54,305,488 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 Revolving credit - - - - - - - Term loan - banks - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (57,473,553) (86,176,952) (86,359,647) (86,386,552) (86,400,063) (82,567,030) (82,603,741) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (44,973,453) (73,676,852) (73,859,547) (73,886,452) (73,899,963) (72,066,930) (72,103,641) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 32,972,637 $ 3,459,194 $ 2,907,298 $ 2,880,393 $ 2,866,882 $ 4,699,915 $ 4,663,204 ============ ============ ============ ============ ============ ============ ============
November 30 December 31 January 31 February 29 March 31 April 30 May 31 BALANCE SHEETS 2003 2003 2004 2004 2004 2004 2004 ------------ ------------ ------------ ------------ ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes - - - - - - - Interest on debt 207,350 207,350 207,350 207,350 207,350 207,350 207,350 Other current liabilities 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 2,881,193 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Current Liabilities 18,159,576 18,159,576 18,159,576 18,159,576 18,159,576 18,159,576 18,159,576 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Non-Current Liabilities: Pensions 2,673,792 2,673,792 2,673,792 2,673,792 2,673,792 2,673,792 2,673,792 Postretirement health care 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 50,959,926 Deferred income taxes 569,557 569,557 569,557 569,557 569,557 569,557 569,557 EAF dust reserve 102,213 102,213 102,213 102,213 102,213 102,213 102,213 Other - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Non-Current Liabilities 54,305,488 54,305,488 54,305,488 54,305,488 54,305,488 54,305,488 54,305,488 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 Revolving credit - - - - - - - Term loan - banks - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Stockholders' Equity (Deficit): : Common stock 35,100 35,100 35,100 35,100 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 12,465,000 Accumulated deficit (84,762,974) (84,774,672) (84,785,257) (84,830,055) (84,848,590) (84,866,467) (84,881,813) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (72,262,874) (72,274,572) (72,285,157) (72,329,955) (72,348,490) (72,366,367) (72,381,713) ----------- ----------- ----------- ----------- ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 4,503,971 $ 4,492,273 $ 4,481,688 $ 4,436,890 $ 4,418,355 $ 4,400,478 $ 4,385,132 ============ ============ ============ ============ ============ ============ ============
June 30 July 31 August 31 BALANCE SHEETS 2004 2004 2004 ------------ ------------ ------------ Current Liabilities: Accounts payable $ 12,126,951 $ 12,126,951 $ 12,126,951 Accrued compensation 2,944,082 2,944,082 2,944,082 Accrued taxes other than income taxes - - - Interest on debt 207,350 207,350 207,350 Other current liabilities 2,881,193 2,881,193 2,881,193 ----------- ----------- ----------- Total Current Liabilities 18,159,576 18,159,576 18,159,576 ----------- ----------- ----------- Non-Current Liabilities: Pensions 2,673,792 2,673,792 2,673,792 Postretirement health care 50,959,926 50,959,926 50,959,926 Deferred income taxes 569,557 569,557 569,557 EAF dust reserve 102,213 102,213 102,213 Other - - - ----------- ----------- ----------- Total Non-Current Liabilities 54,305,488 54,305,488 54,305,488 ----------- ----------- ----------- Long-Term Debt Notes and bonds payable 4,301,781 4,301,781 4,301,781 Revolving credit - - - Term loan - banks - - - ----------- ----------- ----------- Total Long-Term Debt 4,301,781 4,301,781 4,301,781 ----------- ----------- ----------- Stockholders' Equity (Deficit): Common stock 35,100 35,100 35,100 Capital in excess of par value 12,465,000 12,465,000 12,465,000 Accumulated deficit (84,896,637) (84,919,475) (84,862,455) ----------- ----------- ----------- Total Stockholders' Equity (Deficit) (72,396,537) (72,419,375) (72,362,355) ----------- ----------- ----------- Total Liabilities and Equity (Deficit) $ 4,370,308 $ 4,347,470 $ 4,404,490 ============ ============ ============
CASE NAME: LACLEDE STEEL COMPANY FORM OPR-2 CASE NUMBER: 01-48321-399
Month Month Month Month Month Month Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 STATEMENTS OF OPERATIONS 2001 2001 2001 2001 2001 2002 ----------- ----------- --------- --------- --------- --------- Net sales $ 7,191,670 $ 5,200,020 $ 118,593 $ 140,714 $ 146,488 $ 104,356 ----------- ----------- --------- --------- --------- --------- Costs and expenses: Cost of products sold* 8,434,575 14,829,530 2,493,662 104,817 858,256 342,532 Selling and Administrative expenses 272,644 186,158 776,905 540,497 722,261 650,079 Depreciation and Amortization 343,702 - - - - - Interest expense, net 478,094 173,027 117,361 87,414 51,954 - Provision for uncollectible accounts - - - 469,709 1,467,228 - Loss on sale of Vandalia Plant Recoveries from litigation and other claims - - - - (2,731,899) - Write-off of non-current assets - - - - 21,795,960 - ----------- ----------- --------- --------- --------- --------- Total costs and expenses 9,529,015 15,188,715 3,387,928 1,202,437 22,163,760 992,611 ----------- ----------- --------- --------- --------- --------- Loss before activities related to subsidiary (2,337,345) (9,988,695) (3,269,335) (1,061,723) (22,017,272) (888,255) (Loss) gain on sale of subsidiary - - - - (4,834,322) 159,736 Equity in earnings of subsidiary 119,238 339,064 344,426 113,795 213,011 - ----------- ----------- --------- --------- --------- --------- (Loss) gain before income taxes (2,218,107) (9,649,631) (2,924,909) (947,928) (26,638,583) (728,519) Provision (credit) for income taxes - - - - - - ----------- ----------- --------- --------- --------- --------- Net loss $ (2,218,107) $ (9,649,631) $ (2,924,909) $ (947,928) $(26,638,583) $( 728,519) ============ ============ ============ ========== ============ ============
Month Month Month Month Month Month Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 STATEMENTS OF OPERATIONS 2002 2002 2002 2002 2002 2002 ----------- ----------- ----------- ----------- ----------- ----------- Net sales $ 5,708 $ 96,656 $ 5,669 $ 3,802 $ 3,255 $ 4,118 ----------- ----------- ----------- ----------- ----------- ----------- Costs and expenses: Cost of products sold* 55,768 71,384 44,988 79,169 59,977 184,246 Selling and Administrative expenses 242,439 311,047 129,290 136,113 89,167 126,177 Depreciation and Amortization - - - - - - Interest expense, net - - - - - - Provision for uncollectible accounts - 206,328 22,686 - - 14,703 Loss on sale of Vandalia Plant 2,335,166 - - - - Recoveries from litigation and other claims (245,902) (85,042) - (27,669) - (658,368) Write-off of non-current assets - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Total costs and expenses 52,305 2,838,883 196,964 187,613 149,144 (333,242) ----------- ----------- ----------- ----------- ----------- ----------- Loss before activities related to subsidiary (46,597) (2,742,227) (191,295) (183,811) (145,889) 337,360 (Loss) gain on sale of subsidiary 36,500 276,284 - 25,000 - (6,658) Equity in earnings of subsidiary - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- (Loss) gain before income taxes (10,047) (2,465,943) (191,295) (158,811) (145,889) 330,702 Provision (credit) for income taxes - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net loss $ (10,047) $ (2,465,943) $ (191,295) $ (158,811) $ (145,889) $ 330,702 ============ ============ ============ ============ ============ ============
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc.
Month Month Month Month Month Month Month Aug 31 Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 STATEMENTS OF OPERATIONS 2002 2002 2002 2002 2002 2003 2003 ---------- --------- --------- --------- ----------- --------- --------- Net sales $1,345,115 $ 5,211 $ 1,025 $ 3,754 $ 3,180 $ 693 $ 4,502 ---------- --------- --------- --------- ----------- --------- --------- Costs and expenses: Cost of products sold* 35,687 43,141 120,108 33,607 171,343 72,196 48,905 Selling and Administrative expenses 217,691 84,667 137,934 56,504 134,079 105,027 129,709 Depreciation and Amortization - - - - - - - Interest expense, net - - - - - - - Provision for uncollectible accounts 74,315 - - - - - - Loss on sale of Vandalia Plant - - - - - - - Recoveries from litigation and other claims (58,532) - - - (1,137,665) (29,930) (1,205) Write-off of non-current assets - - - - - - - ---------- --------- --------- --------- ----------- --------- --------- Total costs and expenses 269,161 127,808 258,042 90,111 (832,243) 147,293 177,409 ---------- --------- --------- --------- ----------- --------- --------- Loss before activities related to subsidiary 1,075,954 (122,597) (257,017) (86,357) 835,423 (146,600) (172,907) (Loss) gain on sale of subsidiary 19,495 (30,197) (29,269) (270) (2,120) (15,181) (100) Equity in earnings of subsidiary - - - - - - - ---------- --------- --------- --------- ----------- --------- --------- (Loss) gain before income taxes 1,095,449 (152,794) (286,286) (86,627) 833,303 (161,781) (173,007) Provision (credit) for income taxes - - - - - - - ---------- --------- --------- --------- ----------- --------- --------- Net loss $1,095,449 $(152,794) $(286,286) $ (86,627) $ 833,303 $(161,781) $(173,007) ========== ========== ========= ========= =========== ========= =========
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc.
Month Month Month Month Month Month March 31 April 30 May 31 June 30 July 31 August 31 STATEMENTS OF OPERATIONS 2003 2003 2003 2003 2003 2003 ---------- ---------- ---------- ---------- ---------- ---------- Net sales $ 2,736 $ 8,082 $ 2,075 $ 1,805 $ 9,154 $ 11,247 ---------- ---------- ---------- ---------- ---------- ---------- Costs and expenses: Cost of products sold* 64,015 48,107 11,637 - - - Selling and Administrative expenses 569,939 75,050 26,397 114,299 36,059 24,758 Depreciation and Amortization - - - - - - Interest expense, net - - - - - - Provision for uncollectible accounts - - - - - - Loss on sale of Vandalia Plant - - - - - - Loss on sale of Alton Plant 28,666,903 - - - Recoveries from litigation and other claims - - - - - - Write-off of non-current assets - - - - - - ---------- ---------- ---------- ---------- ---------- ---------- Total costs and expenses 633,954 123,157 28,704,937 114,299 36,059 24,758 ---------- ---------- ---------- ---------- ---------- ---------- Loss before activities related to subsidiary (631,218) (115,075) (28,702,862) (112,494) (26,905) (13,511) (Loss) gain on sale of subsidiary (50) - (537) (70,201) - - Equity in earnings of subsidiary - - - - - - ---------- ---------- ---------- ---------- ---------- ---------- (Loss) gain before income taxes (631,268) (115,075) (28,703,399) (182,695) (26,905) (13,511) Provision (credit) for income taxes - - - - - - ---------- ---------- ---------- ---------- ---------- ---------- Net loss $ (631,268) $ (115,075) $(28,703,399) $ (182,695) $ (26,905) $ (13,511) ========== ========== ============ ============ ============ ============
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc.
Month Month Month Month Month September 30 October 31 November 30 December 31 January 31 STATEMENTS OF OPERATIONS 2003 2003 2003 2003 2004 ---------- ---------- ---------- ---------- ---------- Net sales $ 983 $ 2,274 $ 1,478 $ 1,480 $ 608 ---------- ---------- ---------- ---------- ---------- Costs and expenses: Cost of products sold* - - - - - Selling and Administrative expenses 21,653 18,505 16,744 13,178 11,193 Depreciation and Amortization - - - - - Interest expense, net - - - - - Provision for uncollectible accounts - - - - - Loss on sale of Vandalia Plant - - - - - Loss on sale of Alton Plant Recoveries from litigation and other claims (1,853,703) (1) - 143,967 (3) - - Write-off of non-current assets - - - - - ---------- ---------- ---------- ---------- ---------- Total costs and expenses (1,832,050) 18,505 160,711 13,178 11,193 ---------- ---------- ---------- ---------- ---------- Loss before activities related to subsidiary 1,833,033 (16,231) (159,233) (11,698) (10,585) (Loss) gain on sale of subsidiary - (20,480) (2) - - - Equity in earnings of subsidiary - - - - - ---------- ---------- ---------- ---------- ---------- (Loss) gain before income taxes 1,833,033 (36,711) (159,233) (11,698) (10,585) Provision (credit) for income taxes - - - - - ---------- ---------- ---------- ---------- ---------- Net loss $1,833,033 $ (36,711) $ (159,233) $ (11,698) $ (10,585) ========== ========== ========== ========== ==========
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc. (1) Payment related to General American Mutual Holding Co. liquidation (2) Chain Company Trustee fees (3) Settlement of claim of U.S. Bureau of Customs related to overpayment of Laclede Steel Company's share of distribution under Continued Dumping and Subsidy Offset Act
Month Month Month Month Month Month February 29 March 31 April 30 May 31 June 30 July 31 STATEMENTS OF OPERATIONS 2004 2004 2004 2004 2004 2004 ---------- ---------- ---------- ---------- ---------- ---------- Net sales $ 147 $ 1,363 $ 440 $ 16,732 $ 1,371 $ 1,000 ---------- ---------- ---------- ---------- ---------- ---------- Costs and expenses: Cost of products sold* - - - - - - Selling and Administrative expenses 46,270 19,898 18,317 32,078 16,195 23,838 Depreciation and Amortization - - - - - - Interest expense, net - - - - - - Provision for uncollectible accounts - - - - - - Loss on sale of Vandalia Plant - - - - - - Loss on sale of Alton Plant Recoveries from litigation and other claims - - - - - - Write-off of non-current assets - - - - - - ---------- ---------- ---------- ---------- ---------- ---------- Total costs and expenses 46,270 19,898 18,317 32,078 16,195 23,838 ---------- ---------- ---------- ---------- ---------- ---------- Loss before activities related to subsidiary (44,798) (18,535) (17,877) (15,346) (14,824) (22,838) (Loss) gain on sale of subsidiary - - - - - - Equity in earnings of subsidiary - - - - - - ---------- ---------- ---------- ---------- ---------- ---------- (Loss) gain before income taxes (44,798) (18,535) (17,877) (15,346) (14,824) (22,838) Provision (credit) for income taxes - - - - - - ---------- ---------- ---------- ---------- ---------- ---------- Net loss $ (44,798) $ (18,535) $ (17,877) $ (15,346) $ (14,824) $ (22,838) ========== ========== ========== ========== ========== ==========
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc. (1) Payment related to General American Mutual Holding Co. liquidation (2) Chain Company Trustee fees (3) Settlement of claim of U.S. Bureau of Customs related to overpayment of Laclede Steel Company's share of distribution under Continued Dumping and Subsidy Offset Act
Month August 31 STATEMENTS OF OPERATIONS 2004 ---------- Net sales $ 76,643 (4) ---------- Costs and expenses: Cost of products sold* - Selling and Administrative expenses 19,623 Depreciation and Amortization - Interest expense, net - Provision for uncollectible accounts - Loss on sale of Vandalia Plant - Loss on sale of Alton Plant Recoveries from litigation and other claims - Write-off of non-current assets - ---------- Total costs and expenses 19,623 ---------- Loss before activities related to subsidiary 57,020 (Loss) gain on sale of subsidiary - Equity in earnings of subsidiary - ---------- (Loss) gain before income taxes 57,020 Provision (credit) for income taxes - ---------- Net loss $ 57,020 ==========
* Includes expenses of Alton Water Treatment Plant, EPA fees, etc. (1) Payment related to General American Mutual Holding Co. liquidation (2) Chain Company Trustee fees (3) Settlement of claim of U.S. Bureau of Customs related to overpayment of Laclede Steel Company's share of distribution under Continued Dumping and Subsidy Offset Act (4) Proceeds from Concast Canada judgment CASE NAME: LACLEDE STEEL COMPANY FORM OPR-3 CASE NUMBER: 01-48321-399
Month Month Month Month Month Month August September October November December January STATEMENTS OF CASH FLOW 2001 2001 2001 2001 2001 2002 ------------ ------------ ------------ ---------- ------------- ------------- Cash flows from operating activities: Net income (loss) $ (2,218,107) $ (9,649,631) $ (2,924,909) $ (947,928) $ (26,638,583) $ (728,519) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 343,702 - - - - - Loss on sale of subsidiary - - - - 4,834,322 (159,736) Write-off of non-current assets - - - - 21,795,960 - Provision for uncollectible accounts - - - 469,709 1,467,228 - Changes in assets and liabilities that provided (used) cash: Accounts receivable 265,038 596,008 8,061,722 2,729,611 817,330 685,490 Inventories 7,480,248 9,977,937 2,130,998 65,368 710,232 - Accrued expenses 24,337 - - - - - Accrued pension cost - - - - - - Other assets and liabilities (675,847) 3,482,626 (88,437) 14,958 (250,127) 12,438 ------------ ------------ ------------ ---------- ------------- ------------- Net cash provided by (used in) operating activities before reorganization items 5,219,371 4,406,940 7,179,374 2,331,718 2,736,362 (190,327) ------------ ------------ ------------ ---------- ------------- ------------- Cash flows used in investing activities: Capital expenditures (504,118)* - - - - - Net proceeds from sale of assets - 650,000 - 600,000 10,480,172 159,736 ------------ ------------ ------------ ---------- ------------- ------------- Net cash provided by (used in) investing activities (504,118) 650,000 - 600,000 10,480,172 159,736 ------------ ------------ ------------ ---------- ------------- ------------- Cash flows from financing activities: Payment of debtor in possession financing (4,723,586) (5,056,940) (7,050,551) (2,931,718) (2,804,737) - Term loan payment - - - - (5,741,668) - Payment of SWIDA bonds - - - - (3,225,324) - Other 8,333 - - - - - ------------ ------------ ------------ ---------- ------------- ------------- Net cash (used in) financing activities (4,715,253) (5,056,940) (7,050,551) (2,931,718) (11,771,729) - ------------ ------------ ------------ ---------- ------------- ------------- Cash and cash equivalents: Net increase (decrease) during the period - - 128,823 - 1,444,805 (30,591) At beginning of year 195,000 195,000 195,000 323,823 323,823 1,768,628 ------------ ------------ ------------ ---------- ------------- ------------- At end of period $ 195,000 $ 195,000 $ 323,823 $ 323,823 $ 1,768,628 $ 1,738,037 ============ ============ ============ ========== ============= =============
Month Month Month Month Month Month February March April May June July STATEMENTS OF CASH FLOW 2002 2002 2002 2002 2002 2002 ------------ ------------ ------------ ------------ ------------ ------------ Cash flows from operating activities: Net income (loss) $ (10,047) $ (2,465,943) $ (191,295) $ (158,811) $ (145,889) $ 330,702 Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization - - - - - - Loss on sale of subsidiary (36,550) (276,284) - (25,000) - 6,658 Write-off of non-current assets - - - - - - Provision for uncollectible accounts - 206,328 22,686 - - - Loss on Sale of Vandalia Plant 2,335,166 - - - - Changes in assets and liabilities that provided (used) cash: Accounts receivable 4,842 126,056 24,535 4,000 - 2,856 Inventories - - - - - - Accrued expenses - - - - - - Accrued pension cost - - - - - - Other assets and liabilities 692,299 11,732 2,417 - - 10,443 ------------ ------------ ------------ ------------ ------------ ------------ Net cash provided by (used in) operating activities before reorganization items 650,544 (62,945) (141,657) (179,811) (145,889) 350,659 ------------ ------------ ------------ ------------ ------------ ------------ Cash flows used in investing activities: Capital expenditures - - - - - - Net proceeds from sale of assets 55,550 1,122,229 - 25,000 - (6,658) ------------ ------------ ------------ ------------ ------------ ------------ Net cash provided by (used in) investing activities 55,550 1,122,229 - 25,000 - (6,658) ------------ ------------ ------------ ------------ ------------ ------------ Cash flows from financing activities: Payment of debtor in possession financing - - - - - - Term loan payment - - - - - - Payment of SWIDA bonds - - - - - - Other - - - - - - ------------ ------------ ------------ ------------ ------------ ------------ Net cash (used in) financing activities - - - - - - ------------ ------------ ------------ ------------ ------------ ------------ Cash and cash equivalents: Net increase (decrease) during the period 706,094 1,059,284 (141,657) (154,811) (145,889) 344,001 At beginning of year 1,738,037 2,444,131 3,503,415 3,361,758 3,206,947 3,061,058 ------------ ------------ ------------ ------------ ------------ ------------ At end of period $ 2,444,131 $ 3,503,415 $ 3,361,758 $ 3,206,947 $ 3,061,058 $ 3,405,059 ============ ============ ============ ============ ============ ============
* Recording of charges incurred prior to July 27, 2001.
Month Month Month Month Month Month March April May June July August STATEMENTS OF CASH FLOW 2003 2003 2003 2003 2003 2003 ----------- ----------- ----------- ----------- ----------- ----------- Cash flows from operating activities: Net income (loss) $ (631,268) $ (115,075) $(28,703,399) $ (182,695) $ (26,905) $ (13,511) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization - - - - - - Loss (Gain) on sale of subsidiary 50 - 537 70,201 - - Write-off of non-current assets - - - - - - Provision for uncollectible accounts - - - - - - Loss on Sale of Vandalia Plant - - - - - - Loss on Sale of Alton Plant 28,666,903 - - - Changes in assets and liabilities that provided (used) cash: Accounts receivable - - - - - - Inventories - - - - - - Accrued expenses - - (475,000) - - - Accrued pension cost - - - (353,901) - - Other assets and liabilities - - 15,300 (15,300) - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash provided by (used in) operating activities before reorganization items (631,218) (115,075) (495,659) (481,695) (26,905) (13,511) ----------- ----------- ----------- ----------- ----------- ----------- Cash flows used in investing activities: Capital expenditures - - - - - - Net proceeds from sale of assets (50) - (537) (70,201) - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash provided by (used in) investing activities (50) - (537) (70,201) - - ----------- ----------- ----------- ----------- ----------- ----------- Cash flows from financing activities: Payment of debtor in possession financing - - - - - - Term loan payment - - - - - - Payment of SWIDA bonds - - - - - - Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash (used in) financing activities - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Cash and cash equivalents: Net increase (decrease) during the period (631,268) (115,075) (496,196) (551,896) (26,905) (13,511) At beginning of period 4,647,700 4,016,432 3,901,357 3,405,161 2,853,265 2,826,360 ----------- ----------- ----------- ----------- ----------- ----------- At end of period $ 4,016,432 $ 3,901,357 $ 3,405,161 $ 2,853,265 $ 2,826,360 $ 2,812,849 =========== =========== =========== =========== =========== ===========
Month Month Month Month Month Month September October November December January February STATEMENTS OF CASH FLOW 2003 2003 2003 2003 2004 2004 ----------- ----------- ----------- ----------- ----------- ----------- Cash flows from operating activities: Net income (loss) $ 1,833,033 $ (36,711) $ (159,233) $ (11,698) $ (10,585) $ (44,798) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization - - - - - - Loss (Gain) on sale of subsidiary - 20,480 20,480 - - - Write-off of non-current assets - - - - - - Provision for uncollectible accounts - - - - - - Loss on Sale of Vandalia Plant - - - - - - Loss on Sale of Alton Plant Changes in assets and liabilities that provided (used) cash: Accounts receivable - - - - - - Inventories - - - - - - Accrued expenses - - - - - - Accrued pension cost - - - - - - Other assets and liabilities - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash provided by (used in) operating activities before reorganization items 1,833,033 (16,231) (138,753) (11,698) (10,585) (44,798) ----------- ----------- ----------- ----------- ----------- ----------- Cash flows used in investing activities: Capital expenditures - - - - - - Net proceeds from sale of assets - (20,480) (20,480) - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash provided by (used in) investing activities - (20,480) (20,480) - - - ----------- ----------- ----------- ----------- ----------- ----------- Cash flows from financing activities: Payment of debtor in possession financing - - - - - - Term loan payment - - - - - - Payment of SWIDA bonds - - - - - - Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash (used in) financing activities - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Cash and cash equivalents: Net increase (decrease) during the period 1,833,033 (36,711) (159,233) (11,698) (10,585) (44,798) At beginning of period 2,812,849 4,645,882 4,609,171 4,449,938 4,438,240 4,427,655 ----------- ----------- ----------- ----------- ----------- ----------- At end of period $ 4,645,882 $ 4,609,171 $ 4,449,938 $ 4,438,240 $ 4,427,655 $ 4,382,857 =========== =========== =========== =========== =========== ===========
Month Month Month Month Month Month March April May June July August STATEMENTS OF CASH FLOW 2004 2004 2004 2004 2004 2004 ----------- ----------- ----------- ----------- ----------- --------- Cash flows from operating activities: Net income (loss) $ (18,535) $ (17,877) $ (15,346) $ (14,824) $ (22,838) $ 57,020 Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization - - - - - - Loss (Gain) on sale of subsidiary - - - - - - Write-off of non-current assets - - - - - - Provision for uncollectible accounts - - - - - - Loss on Sale of Vandalia Plant - - - - - - Loss on Sale of Alton Plant Changes in assets and liabilities that provided (used) cash: Accounts receivable - - - - - - Inventories - - - - - - Accrued expenses - - - - - - Accrued pension cost - - - - - - Other assets and liabilities - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash provided by (used in) operating activities before reorganization items (18,535) (17,877) (15,346) (14,824) (22,838) 57,020 ----------- ----------- ----------- ----------- ----------- ----------- Cash flows used in investing activities: Capital expenditures - - - - - - Net proceeds from sale of assets - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash provided by (used in) investing activities - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Cash flows from financing activities: Payment of debtor in possession financing - - - - - - Term loan payment - - - - - - Payment of SWIDA bonds - - - - - - Other - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Net cash (used in) financing activities - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- Cash and cash equivalents: Net increase (decrease) during the period (18,535) (17,877) (15,346) (14,824) (22,838) 57,020 At beginning of period 4,382,857 4,364,322 4,364,445 4,331,099 4,316,275 4,293,437 ----------- ----------- ----------- ----------- ----------- ----------- At end of period $ 4,364,322 $ 4,346,445 $ 4,331,099 $ 4,316,275 $ 4,293,437 $ 4,350,457 =========== =========== =========== =========== =========== ===========
CASE NAME - LACLEDE STEEL COMPANY SCHEDULE A CASE NUMBER - 01-48321-399 SCHEDULE OF ACCOUNTS RECEIVABLE AGING
Total Accounts 0-30 31-60 61-90 91-120 Over 120 Receivable Days Days Days Days Days ----------------------------------------------------------------------------------------------------------- Date of Filing: 7-27-01 $16,788,650.93 $9,478,834.75 $5,513,875.11 $563,817.22 $164,772.08 $1,067,351.77 ----------------------------------------------------------------------------------------------------------- % of Total 100% 56.5% 32.8% 3.4% 1.0% 6.4% ------------------------------------------------------------------------------------------------------------------------------- Month: 8-31-01 $16,398,034.09 $8,989,454.79 $3,860,527.94 $2,123,733.80 $236,861.11 $1,187,456.45 ----------------------------------------------------------------------------------------------------------- % of Total 100% 54.8% 23.5% 13.0% 1.4% 7.2% ------------------------------------------------------------------------------------------------------------------------------- Month: 9-30-01 $15,602,409.25 $6,730,354.24 $4,379,114.96 $2,169,157.33 $938,402.28 $1,385,380.44 ----------------------------------------------------------------------------------------------------------- % of Total 100% 43.1% 28.1% 13.9% 6.0% 8.9% ------------------------------------------------------------------------------------------------------------------------------- Month: 10-31-01 $8,391,577.03 $698,518.13 $2,240,631.85 $2,742,193.88 $827,897.53 $1,882,335.64 ----------------------------------------------------------------------------------------------------------- % of Total 100% 8.3% 26.7% 32.7% 9.9% 22.4% ------------------------------------------------------------------------------------------------------------------------------- Month: 11-30-01 $5,192,256.97 $5,192,256.97 ------------------------------------------------------------------------------------------------------------------------------- Month: 12-31-01 $2,174,699.02 $2,174,699.02 ------------------------------------------------------------------------------------------------------------------------------- Month: 1-31-02 $1,323,368.77 $1,323,368.77 ------------------------------------------------------------------------------------------------------------------------------- Month: 2-28-02 $1,318,526.92 $1,318,526.92 ------------------------------------------------------------------------------------------------------------------------------- Month: 3-31-02 $1,284,136.23 $1,284,136.23 ------------------------------------------------------------------------------------------------------------------------------- Month: 4-30-02 $1,236,915.66 $1,236,915.66 ------------------------------------------------------------------------------------------------------------------------------- Month: 5-31-02 $1,232,915.66 $1,232,915.66 ------------------------------------------------------------------------------------------------------------------------------- Month: 6-30-02 $1,232,915.66 $1,232,915.66 ------------------------------------------------------------------------------------------------------------------------------- Month: 7-31-02 $1,230,059.65 $1,230,059.65 ------------------------------------------------------------------------------------------------------------------------------- Month: 8-31-02 $1,122,744.71 $1,122,744.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 9-30-02 $1,120,744.71 $1,120,744.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 10-31-02 $1,094,744.71 $1,094,744.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 11-30-02 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 12-31-02 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 1-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 2-28-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 3-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 4-30-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 5-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 6-30-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 7-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 8-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 9-30-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 10-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 11-30-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 12-31-03 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 1-31-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 2-29-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 3-31-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 4-30-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 5-31-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 6-30-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 7-31-04 $1,092,244.71 $1,092,244.71 ------------------------------------------------------------------------------------------------------------------------------- Month: 8-31-04 $1,092,244.71 $1,092,244.71 -------------------------------------------------------------------------------------------------------------------------------
CASE NAME: LACLEDE STEEL COMPANY SCHEDULE B CASE NUMBER: 01-48321-399
July 31 Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 FIXED ASSETS* 2001 2001 2001 2001 2001 2001 2002 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 $ 2,215,000 Buildings 6,485,000 6,485,000 6,485,000 6,485,000 6,485,000 6,485,000 6,485,000 Machinery and equipment 26,340,334 26,844,452 25,685,529 25,685,529 25,085,529 24,773,714 24,773,714 ----------- ----------- ----------- ----------- ----------- ----------- ----------- $35,040,334 $35,544,452 $34,385,529 $34,385,529 $33,785,529 $33,473,714 $33,473,714 =========== =========== =========== =========== =========== =========== ===========
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 Aug 31 FIXED ASSETS* 2002 2002 2002 2002 2002 2002 2002 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,215,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Buildings 6,485,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 Machinery and equipment 24,754,714 24,707,267 24,707,267 24,707,267 24,707,267 24,707,267 24,660,255 ----------- ----------- ----------- ----------- ----------- ----------- ----------- $33,454,714 $30,207,267 $30,207,267 $30,207,267 $30,207,267 $30,207,267 $30,160,255 =========== =========== =========== =========== =========== =========== ===========
Sept 30 Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 Mar 31 FIXED ASSETS* 2002 2002 2002 2002 2003 2003 2003 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Buildings 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 Machinery and equipment 24,660,255 24,660,255 24,660,255 24,660,255 24,660,255 24,660,255 24,660,255 ----------- ----------- ----------- ----------- ----------- ----------- ----------- $30,160,255 $30,160,255 $30,160,255 $30,160,255 $30,160,255 $30,160,255 $30,160,255 =========== =========== =========== =========== =========== =========== ===========
Apr 30 May 31 June 30 July 31 August 31 September 30 October 31 FIXED ASSETS* 2003 2003 2003 2003 2003 2003 2003 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate $ 2,000,000 - - - - - - Buildings 3,500,000 - - - - - - Machinery and equipment 24,660,255 - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- $30,160,255 $ - $ - $ - $ - $ - $ - =========== =========== =========== =========== =========== =========== ===========
November 30 December 31 January 31 February 29 March 31 April 30 May 31 FIXED ASSETS* 2003 2003 2004 2004 2004 2004 2004 ----------- ----------- ----------- ----------- ----------- ----------- ----------- Real estate - - - - - - - Buildings - - - - - - - Machinery and equipment - - - - - - - ----------- ----------- ----------- ----------- ----------- ----------- ----------- $ - $ - $ - $ - $ - $ - $ - =========== =========== =========== =========== =========== =========== ===========
* Fixed assets are stated at values recorded in December 2000 in connection with Company's adoption of "fresh start" accounting.
June 30 July 31 August 31 FIXED ASSETS* 2004 2004 2004 ----------- ----------- ----------- Real estate - - - Buildings - - - Machinery and equipment - - - ----------- ----------- ----------- $ - $ - $ - =========== =========== ===========
* Fixed assets are stated at values recorded in December 2000 in connection with Company's adoption of "fresh start" accounting. CASE NAME: LACLEDE STEEL COMPANY SCHEDULE C CASE NUMBER: 01-48321-399
As of July 27 Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Jan 31 2001 2001 2001 2001 2001 2001 2002 ---- ----------- ----------- ----------- ----------- --------- --------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - $ - $ - ---- ----------- ----------- ----------- ----------- --------- --------- TAXES PAYABLE Federal Payroll Taxes - - - - - - - State Payroll Taxes - - - - - - - State Sales Taxes - - - - - - - Local Payroll Taxes - - - - - - - Real Estate and Personal Property Taxes - 28,414 56,828 85,242 113,656 142,070 142,070 ---- ----------- ----------- ----------- ----------- --------- --------- TOTAL TAXES PAYABLE - 28,414 56,828 85,242 113,656 142,070 142,070 ---- ----------- ----------- ----------- ----------- --------- --------- OTHER LIABILITIES Post Petition Secured Debt* - 3,653,176 5,525,173 5,736,455 2,804,736 - - Accrued Interest Payable - 283,471 173,027 117,361 87,414 - - ---- ----------- ----------- ----------- ----------- --------- --------- TOTAL OTHER LIABILITIES - 3,936,647 5,698,200 5,853,816 2,892,150 - - ---- ----------- ----------- ----------- ----------- --------- --------- TOTAL POST PETITION DEBT $ - $ 3,965,061 $ 5,755,028 $ 5,939,058 $ 3,005,806 $ 142,070 $ 142,070 ==== =========== =========== =========== =========== ========= =========
Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 Aug 31 Sept 30 Oct 31 2002 2002 2002 2002 2002 2002 2002 2002 2002 --------- --------- --------- --------- --------- --------- --------- --------- --------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - $ - $ - $ - $ - --------- --------- --------- --------- --------- --------- --------- --------- --------- OTHER CURRENT LIABILITIES 10,443 116,066 - - --------- --------- --------- --------- TAXES PAYABLE Federal Payroll Taxes - - - - - - - - - State Payroll Taxes - - - - - - - - - State Sales Taxes - - - - - - - - - Local Payroll Taxes - - - - - - - - - Real Estate and Personal Property Taxes 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 --------- --------- --------- --------- --------- --------- --------- --------- --------- TOTAL TAXES PAYABLE 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 142,070 --------- --------- --------- --------- --------- --------- --------- --------- --------- OTHER LIABILITIES Post Petition Secured Debt* - - - - - - - - - Accrued Interest Payable - - - - - - - - - --------- --------- --------- --------- --------- --------- --------- --------- --------- TOTAL OTHER LIABILITIES - - - - - - - - - --------- --------- --------- --------- --------- --------- --------- --------- --------- TOTAL POST PETITION DEBT $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 142,070 $ 258,136 $ 142,070 $ 142,070 ========= ========= ========= ========= ========= ========= ========= ========= =========
* Net advances against DIP Facility subsequent to July 27, 2001.
Nov 30 Dec 31 Jan 31 Feb 28 Mar 31 Apr 30 May 31 June 30 July 31 August 31 2002 2002 2003 2003 2003 2003 2003 2003 2003 2003 -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- OTHER CURRENT LIABILITIES - - - - - - - - - - -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- TAXES PAYABLE Federal Payroll Taxes - - - - - - - - - - State Payroll Taxes - - - - - - - - - - State Sales Taxes - - - - - - - - - - Local Payroll Taxes - - - - - - - - - - Real Estate and Personal Property Taxes 142,070 142,070 142,070 142,070 142,070 142,070 - - - - -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- TOTAL TAXES PAYABLE 142,070 142,070 142,070 142,070 142,070 142,070 - - - - -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- OTHER LIABILITIES Post Petition Secured Debt* - - - - - - - - - - Accrued Interest Payable - - - - - - - - - - -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- TOTAL OTHER LIABILITIES - - - - - - - - - - -------- -------- -------- -------- -------- -------- ------- ------- ------- ------- TOTAL POST PETITION DEBT $142,070 $142,070 $142,070 $142,070 $142,070 $142,070 $ - $ - $ - $ - ======== ======== ======== ======== ======== ======== ======= ======= ======= =======
* Net advances against DIP Facility subsequent to July 27, 2001.
September 30 October 31 November 30 December 31 January 31 February 29 March 31 2003 2003 2003 2003 2004 2004 2004 ------- ------- ------- ------- ------- ------- ------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - $ - $ - ------- ------- ------- ------- ------- ------- ------- OTHER CURRENT LIABILITIES - - - - - - - ------- ------- ------- ------- ------- ------- ------- TAXES PAYABLE Federal Payroll Taxes - - - - - - - State Payroll Taxes - - - - - - - State Sales Taxes - - - - - - - Local Payroll Taxes - - - - - - - Real Estate and Personal Property Taxes - - - - - - - ------- ------- ------- ------- ------- ------- ------- TOTAL TAXES PAYABLE - - - - - - - ------- ------- ------- ------- ------- ------- ------- OTHER LIABILITIES Post Petition Secured Debt* - - - - - - - Accrued Interest Payable - - - - - - - ------- ------- ------- ------- ------- ------- ------- TOTAL OTHER LIABILITIES - - - - - - - ------- ------- ------- ------- ------- ------- ------- TOTAL POST PETITION DEBT $ - $ - $ - $ - $ - $ - $ - ======= ======= ======= ======= ======= ======= =======
* Net advances against DIP Facility subsequent to July 27, 2001.
April 30 May 31 June 30 July 31 August 31 2004 2004 2004 2004 2004 ------- ------- ------- ------- ------- TRADE ACCOUNTS PAYABLE $ - $ - $ - $ - $ - ------- ------- ------- ------- ------- OTHER CURRENT LIABILITIES - - - - - ------- ------- ------- ------- ------- TAXES PAYABLE Federal Payroll Taxes - - - - - State Payroll Taxes - - - - - State Sales Taxes - - - - - Local Payroll Taxes - - - - - Real Estate and Personal Property Taxes - - - - - ------- ------- ------- ------- ------- TOTAL TAXES PAYABLE - - - - - ------- ------- ------- ------- ------- OTHER LIABILITIES Post Petition Secured Debt* - - - - - Accrued Interest Payable - - - - - ------- ------- ------- ------- ------- TOTAL OTHER LIABILITIES - - - - - ------- ------- ------- ------- ------- TOTAL POST PETITION DEBT $ - $ - $ - $ - $ - ======= ======= ======= ======= =======
* Net advances against DIP Facility subsequent to July 27, 2001. CASE NAME - LACLEDE STEEL CO. SCHEDULE D CASE NUMBER - 01-48321-399 1. INSURANCE COVERAGE
Amount of Policy Premium Type of Insurance Carrier Name Coverage Expiration paid through ----------------------------------- ------------------------------------------- -------------- -------------- ------------ Workmen's Compensation - Missouri Traveller's Statutory * * General Liability Royal Surplus Lines Ins. Co. (c/o Westrope) $1,000,000 * * Property Lexington $5,000,000 * *
* Coverage no longer required as sale of Alton Plant completed. CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 2. STATEMENT OF PAYMENT TO SECURED CREDITORS
2001 2002 --------------------------- ---------------------------------------------------------------------- Payee Description Oct Nov Dec Jan Feb Mar Apr May June July August Sept ------------ ----------- -------- ------- -------- ------- ------- ------- ------- ------- ------- ------- -------------- G.E. Capital Interest $173,027 $117,361 $139,369 $ - $ - $ - $ - $ - $ - $ - $ - $ - G.E. Capital Bank Fees $198,178 $ 40,951 $(44,017) $ - $ - $ - $ - $ - $ - $ - $ - $ - -------- ------- -------- ------- ------- ------- ------- ------- ------- ------- -------------- Total paid $371,205 $158,312 $ 95,352 $ - $ - $ - $ - $ - $ - $ - $ - $ - ======== ======== ======== ======= ======= ======= ======= ======= ======= ======= ==============
2002 2003 ------------------------- ---------------------------------------------------------------------- Payee Description Oct Nov Dec Jan Feb Mar Apr May June July August ------------ ----------- ------- -------- -------- ------- ------- ------- ------- ------- ------- ------- ------- G.E. Capital Interest $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - G.E. Capital Bank Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- Total paid $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= =======
2003 2004 --------------------------------------------- ------------------------------------------------------- Payee Description September October November December January February March April May June ------------ ----------- -------- -------- -------- -------- -------- -------- -------- -------- -------- -------- G.E. Capital Interest $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - G.E. Capital Bank Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - ------- ------- ------- ------- ------- ------- ------- ------- ------- ------- Total paid $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - ======= ======= ======= ======= ======= ======= ======= ======= ======= =======
2004 ------------------ Payee Description July August ------------ ----------- -------- -------- G.E. Capital Interest $ - $ - G.E. Capital Bank Fees $ - $ - ------- ------- Total paid $ - $ - ======= =======
CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 3. TAX PAYMENTS MADE IN AUGUST 2004 Type of Tax Amount Check # Paid --------------------------------------- ------------- ---------- ------- F.I.C.A. - employer's portion Taxes paid by Ceridian Payroll Services Federal Unemployment Compensation Taxes paid by Ceridian Payroll Services Illinois Unemployment Compensation Taxes paid by Ceridian Payroll Services City Earnings Taxes paid by Ceridian Payroll Services CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 4. PAYMENTS TO OFFICERS Pay Name Date Amount ------------------------------------ ----------- ------------ Michael H. Lane 08/31/04 $ 4,000.00 James B. Claes 08/31/04 $ 975.00 5. PAYMENTS TO DIRECTORS DATE SERVICES ------------------------ ----------- ------------------ None 6. PAYMENTS MADE THIS MONTH TO PROFESSIONALS Name DATE SERVICES ----------------------------- --------- ------------- Bryan Cave 08/09/04 $ 2,504.80 08/23/04 $ 3,046.63 Goldstein & Pressman 08/12/04 $ 1,436.00 CASE NAME - LACLEDE STEEL COMPANY SCHEDULE D CASE NUMBER - 01-48321-399 7. RECORD OF DISBURSEMENT AND PAYMENT OF QUARTERLY FEES
Total Total Disb. Quarterly Period Ending Disbursements For Quarter Fee Date Paid Amount Paid ----------------- ---------------- ---------------- ---------------- ---------------- ---------------- Jul 01 $6,638,863.36 Aug 01 $4,926,049.86 Sep 01 $1,694,935.53 $13,259,848.75 $10,000.00 Nov-01 $10,000.00 Oct 01 $1,021,286.63 Nov 01 $613,363.00 Dec 01 $914,302.00 $2,548,951.63 $7,500.00 Jan-02 $7,500.00 Jan 02 $1,012,745.00 Feb 02 $299,215.36 Mar 02 $382,431.32 $1,694,391.68 $5,000.00 Apr-02 $5,000.00 Apr 02 $174,278.00 May 02 $213,991.74 June 02 $148,032.70 $ 536,302.44 $3,750.00 Jul-02 $3,750.00 July 02 $312,277.00 August 02 $137,694.13 September 02 $243,874.43 $ 693,845.56 $3,750.00 Oct-02 $3,750.00 October 02 $258,041.44 November 02 $ 90,110.99 December 02 $305,421.67 $ 653,574.10 $3,750.00 Jan-03 $3,750.00 January 03 $177,223.17 February 03 $178,614.34 March 03 $633,953.80 $ 989,791.31 $3,750.00 Apr-03 $3,750.00 April 03 $123,157.00 May 03 $513,034.00 June 03 $129,598.55 $ 765,789.55 $3,750.00 Jul-03 $3,750.00 July 03 $ 36,058.83 August 03 $ 24,758.11 September 03 $ 21,652.72 $ 82,469.66 $750.00 October 03 $ 38,985.27 November 03 $160,711.18 December 03 $ 13,175.92 $ 212,872.37 $1,250.00 Jan-04 $1,250.00 January 04 $ 11,193.44 February 04 $ 46,270.50 March 04 $ 19,898.59 $ 77,362.53 $ 750.00 April 04 $ 18,317.32 May 04 $ 32,077.56 June 04 $ 16,194.35 $ 66,589.23 $ 750.00 July 04 $ 23,837.91 August 04 $ 23,837.91