In re Farmland Industries, Inc |
| Case No. 02-50557 | |||
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MONTHLY OPERATING REPORT SUMMARY | |||||
FOR THE MONTH OF FEBRUARY, 2004 | |||||
REVENUE | |||||
Gross Income | $ | 128,259,473.56 | |||
Less Cost of Goods Sold | $ | 112,249,703.05 | |||
Materials | $ | 112,257,734.95 | |||
Direct Labor | |||||
Overhead (Freight and Other) | $ | (8,031.90) | |||
Gross Profit | $ | 16,009,770.51 | |||
OPERATING EXPENSES | |||||
Owner/Officer-Draws/Salaries | $ | - | |||
Other Employee Salaries | $ | 3,207,442.72 | |||
Advertising and Marketing | $ | 6,958.40 | |||
Insurance | $ | 224,181.81 | |||
Payroll Taxes | $ | 274,566.00 | |||
Lease and Rent | $ | 769,386.62 | |||
Telephone and Utlities | $ | 3,669,580.48 | |||
Attorney and other Professional Fees | $ | 3,605,264.86 | |||
UST Quarterly Fees | $ | - | |||
Other Expenses (includes other income) | $ | 965,631.59 | |||
Total Operating Expenses | $ | 12,723,012.48 | |||
Net Income (Loss) | $ | 3,286,758.03 | |||
CURRENT ASSETS | |||||
Accounts Receivable at end of month (Does not include Intercompany) | $ | 40,305,566.61 | |||
Increase (Decrease) in AR for month | $ | 3,308,842.47 | |||
Inventory at end of month | $ | 66,544,974.93 | |||
Increase (Decrease) in Inventory for month | $ | (8,104,478.75) | |||
Cash at end of the month | $ | 381,801,819.60 | |||
Increase (Decrease) in Cash for month | $ | (1,293,919.23) | |||
LIABILITIES | |||||
Increase (Decrease) in pre-petition debt | $ | (8,097,776.00) | |||
Increase (Decrease) in post-petition debt | $ | (12,314,271.59) | |||
Taxes Payable: | |||||
Federal Payroll Taxes | $ | (9,669.30) | |||
State Payroll Taxes | $ | (5,206.11) | |||
Local Payroll Taxes | $ | 63.31 | |||
State Sales Taxes | $ | (271,053.37) | |||
Real Estate and Personal | $ | (359,280.75) | |||
Property Taxes (Real Property) | $ | (459,055.67) | |||
Other (see footnote 1) | $ | (1,596,651.95) | |||
Total Taxes Payable | $ | (2,700,853.84) | |||
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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 $ | (1,988.13) | ||||
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 | $ | (1,453,586.76) | |||
ST MTR FUEL TAX PAY | $ | - | |||
PRE-USE TAX PAY-MANUAL (245002&12) | $ | - | |||
$ | (1,596,651.95) | ||||
- Company Dashboard
- Filings
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 24 Mar 04, 12:00am