In re Farmland Foods, Inc | Case No. 02-50561 | ||||
MONTHLY OPERATING REPORT SUMMARY | |||||
FOR THE MONTH OF JULY, 2003 | |||||
REVENUE | |||||
Gross Income | $ 142,490,121.90 | ||||
Less Cost of Goods Sold | $ 98,600,562.78 | ||||
Materials | $ 95,145,419.34 | ||||
Direct Labor | - | ||||
Overhead | $ 3,455,143.44 | ||||
Gross Profit | $ 43,889,559.12 | ||||
OPERATING EXPENSES | |||||
Owner/Officer-Draws/Salaries | $ - | ||||
Other Employee Salaries | $ 20,725,165.57 | ||||
Advertising and Marketing | $ 3,330,233.70 | ||||
Insurance | $ 295,797.02 | ||||
Payroll Taxes | $ 1,708,351.74 | ||||
Lease and Rent | $ 354,093.52 | ||||
Telephone and Utlities | $ 1,819,743.56 | ||||
Attorney and other Professional Fees | $ 158,444.60 | ||||
UST Quarterly Fees | $ 10,000.00 | ||||
Other Expenses | $ 16,570,642.76 | ||||
Total Operating Expenses | $ 44,972,472.47 | ||||
Net Income (Loss) | $ (1,082,913.35) | ||||
CURRENT ASSETS | |||||
Accounts Receivable at end of month | $ 68,341,815.01 | ||||
Increase (Decrease) in AR for month | $ (6,606,241.52) | ||||
Inventory at end of month | $ 90,918,026.25 | ||||
Increase (Decrease) in Inventory for month | $ (151,067.66) | ||||
Cash at end of the month | $ (7,601,228.84) | ||||
Increase (Decrease) in Cash for month | $ (2,271,167.43) | ||||
LIABILITIES | |||||
Increase (Decrease) in pre-petition debt | $ (20,192,826.86) | ||||
Increase (Decrease) in post-petition debt | $ 264,399.98 | ||||
Taxes Payable: | |||||
Federal Payroll Taxes | $ (1,112,091.36) | ||||
State Payroll Taxes | $ (210,070.37) | ||||
Local Payroll Taxes | $ (5,255.90) | ||||
State Sales Taxes | $ (26,001.84) | ||||
Real Estate and Personal | $ (1,718,692.44) | ||||
Property Taxes | $ 13,118.78 | ||||
Other (footnote) | $ (32,045.05) | ||||
Total Taxes Payable | $ (3,091,038.18) | ||||
Footnote: | |||||
Use Tax Payable | $ (32,045.05) | ||||
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Filed: 21 Aug 03, 12:00am