In re Farmland Industries, Inc |
| Case No. 02-50557 | ||
A Missouri Corporation |
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MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF AUGUST, 2003 | ||||
REVENUE | ||||
Gross Income | $ 125,225,098.57 | |||
Less Cost of Goods Sold | $ 103,873,069.13 | |||
Materials | $ 103,390,174.29 | |||
Direct Labor | ||||
Overhead (Freight and Other) | $ 482,894.84 | |||
Gross Profit | $ 21,352,029.44 | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 3,195,202.97 | |||
Advertising and Marketing | $ 735.28 | |||
Insurance | $ 711,514.78 | |||
Payroll Taxes | $ 263,016.78 | |||
Lease and Rent | $ 1,205,963.48 | |||
Telephone and Utlities | $ 3,485,561.38 | |||
Attorney and other Professional Fees | $ 3,033,220.67 | |||
UST Quarterly Fees | $ - | |||
Other Expenses (includes other income) | $ (81,966,489.70) | |||
Total Operating Expenses | $ (70,071,274.36) | |||
Net Income (Loss) | $ 91,423,303.80 | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month (Does not include Intercompany) | $ 54,734,524.06 | |||
Increase (Decrease) in AR for month | $ 12,503,147.85 | |||
Inventory at end of month | $ 120,030,623.83 | |||
Increase (Decrease) in Inventory for month | $ (2,523,051.97) | |||
Cash at end of the month | $ 241,387,284.30 | |||
Increase (Decrease) in Cash for month | $ 244,130,937.10 | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt | $ (12,269,296.76) | |||
Increase (Decrease) in post-petition debt | $ (4,005,933.15) | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ (182,584.61) | |||
State Payroll Taxes | $ (30,918.24) | |||
Local Payroll Taxes | $ (473.42) | |||
State Sales Taxes | $ (269,970.05) | |||
Real Estate and Personal | $ (633,012.87) | |||
Property Taxes (Real Property) | $ (1,264,223.26) | |||
Other (see footnote 1) | $ (1,781,707.80) | |||
Total Taxes Payable | $ (4,162,890.25) | |||
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Footnote 1 | ||||
PRE-Fed MTR FUEL TAX-IC & SUBS (248001) | $ (5,663.77) | |||
PRE-ST MTR FUEL TAX PAY (248101) | $ - | |||
PRE-FED ENVIRON TAX PAY (249001) | $ - | |||
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK | $ - | |||
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK | $ - | |||
USE TAX PAYABLE-MANUAL ENTRIES | $ (136,193.26) | |||
FED HWY USE TAX PAY | $ - | |||
FED MTR FUEL TAX-EST LIAB | $ (1,639,850.77) | |||
ST MTR FUEL TAX PAY | $ - | |||
PRE-USE TAX PAY-MANUAL (245002&12) | $ - | |||
$ (1,781,707.80) | ||||
- Company Dashboard
- Filings
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 30 Sep 03, 12:00am