| Case No. 02-50557 | |||
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MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF DECEMBER, 2003 | ||||
REVENUE | ||||
Gross Income | $ 116,805,947.85 | |||
Less Cost of Goods Sold | $ 108,471,667.75 | |||
Materials | $ 108,481,021.08 | |||
Direct Labor | ||||
Overhead (Freight and Other) | $ (9,353.33) | |||
Gross Profit | $ 8,334,280.10 | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 3,285,785.22 | |||
Advertising and Marketing | $ 257.77 | |||
Insurance | $ 755,795.45 | |||
Payroll Taxes | $ 193,731.07 | |||
Lease and Rent | $ 1,021,094.01 | |||
Telephone and Utlities | $ 4,088,546.06 | |||
Attorney and other Professional Fees | $ 3,008,383.78 | |||
UST Quarterly Fees | $ - | |||
Other Expenses (includes other income) | $ 5,215,214.52 | |||
Total Operating Expenses | $ 17,568,807.88 | |||
Net Income (Loss) | $ (9,234,527.78) | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month (Does not include Intercompany) | $ 51,641,327.30 | |||
Increase (Decrease) in AR for month | $ 18,526,642.36 | |||
Inventory at end of month | $ 71,684,367.07 | |||
Increase (Decrease) in Inventory for month | $ (22,580,049.06) | |||
Cash at end of the month | $ 348,422,022.61 | |||
Increase (Decrease) in Cash for month | $ (16,679,141.28) | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt | $ (4,340,581.19) | |||
Increase (Decrease) in post-petition debt | $ 9,127,984.52 | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ (426,559.77) | |||
State Payroll Taxes | $ (76,321.15) | |||
Local Payroll Taxes | $ (3,745.46) | |||
State Sales Taxes | $ (276,344.12) | |||
Real Estate and Personal | $ (309,110.14) | |||
Property Taxes (Real Property) | $ (222,973.36) | |||
Other (see footnote 1) | $ (1,792,795.63) | |||
Total Taxes Payable | $ (3,107,849.63) | |||
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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 | $ (8.14) | |||
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK | $ - | |||
USE TAX PAYABLE-MANUAL ENTRIES | $ (135,413.29) | |||
FED HWY USE TAX PAY | $ - | |||
FED MTR FUEL TAX-EST LIAB | $ (1,651,710.43) | |||
ST MTR FUEL TAX PAY | $ - | |||
PRE-USE TAX PAY-MANUAL (245002&12) | $ - | |||
$ (1,792,795.63) |
- Company Dashboard
- Filings
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 21 Jan 04, 12:00am