In re Farmland Foods, Inc. Case No. 02-50561 | ||||
MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF JUNE, 2003 | ||||
REVENUE | ||||
Gross Income | $ 124,171,129.03 | |||
Less Cost of Goods Sold | $ 87,154,681.82 | |||
Materials | $ 84,189,209.99 | |||
Direct Labor | - | |||
Overhead | $ 2,965,471.83 | |||
Gross Profit | $ 37,016,447.21 | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 16,546,601.94 | |||
Advertising and Marketing | $ 2,920,395.66 | |||
Insurance | $ 281,897.05 | |||
Payroll Taxes | $ 1,335,263.45 | |||
Lease and Rent | $ 484,231.52 | |||
Telephone and Utlities | $ 1,801,868.38 | |||
Attorney and other Professional Fees | $ 41,462.37 | |||
UST Quarterly Fees | $ - | |||
Other Expenses | $ 13,822,824.72 | |||
Total Operating Expenses | $ 37,234,545.09 | |||
Net Income (Loss) | $ (218,097.88) | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month | $ 74,948,056.53 | |||
Increase (Decrease) in AR for month | $ 2,292,674.96 | |||
Inventory at end of month | $ 91,069,093.91 | |||
Increase (Decrease) in Inventory for month | $ 3,602,041.60 | |||
Cash at end of the month | $ (5,330,061.41) | |||
Increase (Decrease) in Cash for month | $ (86,705.49) | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt | $ (272,954.17) | |||
Increase (Decrease) in post-petition debt | $ 2,105,121.54 | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ (735,214.59) | |||
State Payroll Taxes | $ (684,442.09) | |||
Local Payroll Taxes | $ (940.53) | |||
State Sales Taxes | $ (22,262.06) | |||
Real Estate and Personal | $ (1,627,466.17) | |||
Property Taxes | $ 14,310.78 | |||
Other (footnote) | $ (37,230.15) | |||
Total Taxes Payable | $ (3,093,244.81) | |||
Footnote: | ||||
Use Tax Payable | $ (37,230.15) |
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 29 Jul 03, 12:00am