In re Farmland Industries, Inc |
| Case No. 02-50557 | ||
A Missouri Corporation |
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MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF SEPTEMBER, 2003 | ||||
REVENUE | ||||
Gross Income | $ 110,284,319.92 | |||
Less Cost of Goods Sold | $ 90,711,460.57 | |||
Materials | $ 90,698,589.35 | |||
Direct Labor | ||||
Overhead (Freight and Other) | $ 12,871.22 | |||
Gross Profit | $ 19,572,859.35 | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 3,273,449.16 | |||
Advertising and Marketing | $ - | |||
Insurance | $ 143,521.45 | |||
Payroll Taxes | $ 230,247.77 | |||
Lease and Rent | $ 1,318,619.22 | |||
Telephone and Utlities | $ 3,443,381.50 | |||
Attorney and other Professional Fees | $ 2,995,298.42 | |||
UST Quarterly Fees | $ - | |||
Other Expenses (includes other income) | $ 1,962,043.31 | |||
Total Operating Expenses | $ 13,366,560.83 | |||
Net Income (Loss) | $ 6,206,298.52 | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month (Does not include Intercompany) | $ 46,135,659.90 | |||
Increase (Decrease) in AR for month | $ (8,598,864.16) | |||
Inventory at end of month | $ 126,709,541.98 | |||
Increase (Decrease) in Inventory for month | $ 6,678,918.15 | |||
Cash at end of the month | $ 274,491,441.37 | |||
Increase (Decrease) in Cash for month | $ 33,104,157.07 | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt | $ (299,293.27) | |||
Increase (Decrease) in post-petition debt | $ 7,755,410.42 | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ (169,295.32) | |||
State Payroll Taxes | $ (28,587.88) | |||
Local Payroll Taxes | $ (413.64) | |||
State Sales Taxes | $ (265,243.47) | |||
Real Estate and Personal | $ (693,887.07) | |||
Property Taxes (Real Property) | $ (1,414,393.45) | |||
Other (see footnote 1) | $ (486,131.04) | |||
Total Taxes Payable | $ (3,057,951.87) | |||
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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 | $ (2,089.81) | |||
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK | $ (95.55) | |||
USE TAX PAYABLE-MANUAL ENTRIES | $ (135,505.57) | |||
FED HWY USE TAX PAY | $ - | |||
FED MTR FUEL TAX-EST LIAB | $ (342,776.34) | |||
ST MTR FUEL TAX PAY | $ - | |||
PRE-USE TAX PAY-MANUAL (245002&12) | $ - | |||
$ (486,131.04) | ||||