In re Farmland Foods, Inc |
| Case No. 02-50561 | |||
A Missouri Corporation |
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| MONTHLY OPERATING REPORT SUMMARY | ||||
| FOR THE MONTH OF SEPTEMBER, 2003 | ||||
REVENUE | |||||
Gross Income | $ 121,853,325.71 | ||||
Less Cost of Goods Sold | $ 79,231,027.91 | ||||
Materials | $ 76,371,809.10 | ||||
Direct Labor | - | ||||
Overhead | $ 2,859,218.81 | ||||
Gross Profit | $ 42,622,297.80 | ||||
OPERATING EXPENSES | |||||
Owner/Officer-Draws/Salaries | $ - | ||||
Other Employee Salaries | $ 18,258,241.26 | ||||
Advertising and Marketing | $ 2,534,209.15 | ||||
Insurance | $ 281,858.08 | ||||
Payroll Taxes | $ 1,323,472.48 | ||||
Lease and Rent | $ 277,430.65 | ||||
Telephone and Utlities | $ 1,642,536.42 | ||||
Attorney and other Professional Fees | $ 13,193.64 | ||||
UST Quarterly Fees | $ - | ||||
Other Expenses | $ 14,416,040.36 | ||||
Total Operating Expenses | $ 38,746,982.04 | ||||
Net Income (Loss) | $ 3,875,315.76 | ||||
CURRENT ASSETS | |||||
Accounts Receivable at end of month | $ 84,101,527.48 | ||||
Increase (Decrease) in AR for month | $ (2,705,595.42) | ||||
Inventory at end of month | $ 98,034,662.72 | ||||
Increase (Decrease) in Inventory for month | $ 10,961,882.49 | ||||
Cash at end of the month | $ (7,054,040.91) | ||||
Increase (Decrease) in Cash for month | $ (400,473.36) | ||||
LIABILITIES | |||||
Increase (Decrease) in pre-petition debt | $ (752,705.19) | ||||
Increase (Decrease) in post-petition debt | $ 5,330,294.34 | ||||
Taxes Payable: | |||||
Federal Payroll Taxes | $ (1,258,369.22) | ||||
State Payroll Taxes | $ (170,673.96) | ||||
Local Payroll Taxes | $ (5,784.61) | ||||
State Sales Taxes | $ (35,256.48) | ||||
Real Estate and Personal | $ (1,600,620.00) | ||||
Property Taxes | $ (9,053.32) | ||||
Other (footnote) | $ (54,352.20) | ||||
Total Taxes Payable | $ (3,134,109.79) | ||||
Footnote: | |||||
Use Tax Payable | $ (54,352.20) | ||||
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 17 Oct 03, 12:00am