Consolidated Freightways Corporation
Consolidating Income Statements
For the Month Ended December 31, 2003
(Unaudited)
Consolidated Freightways Corporation of Delaware | Consolidated Freightways Corporation | CF AirFreight Corporation | Leland James Service Corporation | Redwood Systems Inc. | CF MovesU Inc. | CFCD 2002 LLC | CFCD 2002 Member LLC | CFCD 2002A LLC | CFCD 2002A Member LLC | CFC | ||||||||||||||||||||||||||||||
Revenue - Customers | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
Revenue - Affiliates | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total Revenue | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Operating Expenses | 524,055 | — | 6,554 | 10 | — | — | — | — | — | — | 530,619 | |||||||||||||||||||||||||||||
Salaries, Wages, and Benefits | 676,769 | — | 84 | (1,563 | ) | — | — | 3,304 | — | 3,299 | — | 681,893 | ||||||||||||||||||||||||||||
Purchased Transportation | 94,846 | — | 6,370 | — | — | — | — | — | — | — | 101,216 | |||||||||||||||||||||||||||||
Operating Taxes and Licensing | 190,495 | — | — | — | — | — | 131,482 | — | 71,670 | — | 393,647 | |||||||||||||||||||||||||||||
Claims and Insurance | 46,761 | — | — | — | — | — | 21,686 | — | 5,276 | — | 73,723 | |||||||||||||||||||||||||||||
Rents | (10,209 | ) | — | — | — | — | — | — | — | — | — | (10,209 | ) | |||||||||||||||||||||||||||
Depreciation | 14,290 | — | — | — | — | — | — | — | — | — | 14,290 | |||||||||||||||||||||||||||||
Other G&A Expense | 1,107,859 | — | 645,701 | 1,553 | (19,044 | ) | — | — | — | — | — | 1,736,069 | ||||||||||||||||||||||||||||
(Gain)/Loss on Sales of Assets | (4,951,728 | ) | — | 487 | — | — | — | (11,192 | ) | — | (330,159 | ) | — | (5,292,592 | ) | |||||||||||||||||||||||||
Total Operating Expenses | (2,306,862 | ) | — | 659,196 | — | (19,044 | ) | — | 145,280 | — | (249,914 | ) | — | (1,771,344 | ) | |||||||||||||||||||||||||
Operating Income (Loss) | 2,306,862 | — | (659,196 | ) | — | 19,044 | — | (145,280 | ) | — | 249,914 | — | 1,771,344 | |||||||||||||||||||||||||||
Interest on Debt | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Other Interest Expense | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Interest Expense | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Temporary Investment Interest | 42,106 | — | — | — | — | — | 30,824 | — | 5,796 | — | 78,726 | |||||||||||||||||||||||||||||
Affiliate Interest Income | — | — | — | — | 22,494 | — | — | — | — | — | 22,494 | |||||||||||||||||||||||||||||
Other Interest Income | 59,449 | — | — | — | — | — | — | — | — | — | 59,449 | |||||||||||||||||||||||||||||
Interest Income | 101,555 | — | — | — | 22,494 | — | 30,824 | — | 5,796 | — | 160,669 | |||||||||||||||||||||||||||||
Other Miscellaneous, Net | 1,054,595 | — | 53,029 | — | 22 | — | — | — | — | — | 1,107,646 | |||||||||||||||||||||||||||||
Income (Loss) Before Taxes | 3,463,012 | — | (606,167 | ) | — | 41,560 | — | (114,456 | ) | — | 255,710 | — | 3,039,659 | |||||||||||||||||||||||||||
Federal Income Tax Current | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Federal Income Tax Deferred | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
State Income Tax Current | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Foreign Income Tax Current | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Income Taxes | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Net Income (Loss) | $ | 3,463,012 | $ | — | $ | (606,167 | ) | $ | — | $ | 41,560 | $ | — | $ | (114,456 | ) | $ | — | $ | 255,710 | $ | — | $ | 3,039,659 | ||||||||||||||||