In re Farmland Industries, Inc |
| Case No. 02-50557 | ||
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MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF NOVEMBER, 2003 | ||||
REVENUE | ||||
Gross Income | $ 92,900,338.28 | |||
Less Cost of Goods Sold | $ 78,001,453.85 | |||
Materials | $ 77,985,360.98 | |||
Direct Labor | ||||
Overhead (Freight and Other) | $ 16,092.87 | |||
Gross Profit | $ 14,898,884.43 | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 2,953,728.49 | |||
Advertising and Marketing | $ 892.32 | |||
Insurance | $ 3,584,435.85 | |||
Payroll Taxes | $ 178,176.44 | |||
Lease and Rent | $ 983,390.47 | |||
Telephone and Utlities | $ 3,880,890.57 | |||
Attorney and other Professional Fees | $ 2,938,285.67 | |||
UST Quarterly Fees | $ - | |||
Other Expenses (includes other income) | $ (16,592,970.24) | |||
Total Operating Expenses | $ (2,073,170.43) | |||
Net Income (Loss) | $ 16,972,054.86 | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month (Does not include Intercompany) | $ 33,114,684.94 | |||
Increase (Decrease) in AR for month | $ 3,776,074.80 | |||
Inventory at end of month | $ 94,264,416.13 | |||
Increase (Decrease) in Inventory for month | $ 8,646,534.09 | |||
Cash at end of the month | $ 365,101,163.89 | |||
Increase (Decrease) in Cash for month | $ 78,745,950.39 | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt | $ (316,262.17) | |||
Increase (Decrease) in post-petition debt | $ (4,804,324.60) | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ 30,000.00 | |||
State Payroll Taxes | $ - | |||
Local Payroll Taxes | $ - | |||
State Sales Taxes | $ (264,502.72) | |||
Real Estate and Personal | $ (722,895.37) | |||
Property Taxes (Real Property) | $ (1,696,196.86) | |||
Other (see footnote 1) | $ (1,712,132.73) | |||
Total Taxes Payable | $ (4,365,727.68) | |||
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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 | $ (136,142.00) | |||
FED HWY USE TAX PAY | $ - | |||
FED MTR FUEL TAX-EST LIAB | $ (1,570,326.96) | |||
ST MTR FUEL TAX PAY | $ - | |||
PRE-USE TAX PAY-MANUAL (245002&12) | $ - | |||
$ (1,712,132.73) | ||||
- Company Dashboard
- Filings
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 22 Dec 03, 12:00am