| Case No. 02-50557 | |||
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MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF JANUARY, 2004 | ||||
REVENUE | ||||
Gross Income | $ 128,102,140.83 | |||
Less Cost of Goods Sold | $ 111,178,331.76 | |||
Materials | $ 111,165,365.85 | |||
Direct Labor | ||||
Overhead (Freight and Other) | $ 12,965.91 | |||
Gross Profit | $ 16,923,809.07 | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 3,215,855.09 | |||
Advertising and Marketing | $ - | |||
Insurance | $ 172,809.94 | |||
Payroll Taxes | $ 357,724.47 | |||
Lease and Rent | $ 1,010,716.27 | |||
Telephone and Utlities | $ 4,311,486.83 | |||
Attorney and other Professional Fees | $ 722,611.61 | |||
UST Quarterly Fees | $ - | |||
Other Expenses (includes other income) | $ 10,768,896.48 | |||
Total Operating Expenses | $ 20,560,100.69 | |||
Net Income (Loss) | $ (3,636,291.62) | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month (Does not include Intercompany) | $ 36,996,724.14 | |||
Increase (Decrease) in AR for month | $ (14,644,603.16) | |||
Inventory at end of month | $ 74,649,453.68 | |||
Increase (Decrease) in Inventory for month | $ 2,965,086.61 | |||
Cash at end of the month | $ 383,095,738.83 | |||
Increase (Decrease) in Cash for month | $ 34,673,716.22 | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt | $ (231,614.49) | |||
Increase (Decrease) in post-petition debt | $ 9,800,015.50 | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ (9,669.30) | |||
State Payroll Taxes | $ (5,206.11) | |||
Local Payroll Taxes | $ 63.31 | |||
State Sales Taxes | $ (264,502.72) | |||
Real Estate and Personal | $ (327,227.40) | |||
Property Taxes (Real Property) | $ (350,124.71) | |||
Other (see footnote 1) | $ (1,734,539.96) | |||
Total Taxes Payable | $ (2,691,206.89) | |||
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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 | $ (1,652.18) | |||
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 | $ (1,591,810.72) | |||
ST MTR FUEL TAX PAY | $ - | |||
PRE-USE TAX PAY-MANUAL (245002&12) | $ - | |||
$ (1,734,539.96) | ||||
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 24 Feb 04, 12:00am