In re Farmland Industries, Inc | Case No. 02-50557 | |||
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MONTHLY OPERATING REPORT SUMMARY | ||||
FOR THE MONTH OF MARCH, 2004 | ||||
REVENUE | ||||
Gross Income | $ 4,706,702.82 | |||
Less Cost of Goods Sold | $ 7,223,697.49 | |||
Materials | $ 7,223,697.49 | |||
Direct Labor | ||||
Overhead (Freight and Other) | $ - | |||
Gross Profit | $ (2,516,994.67) | |||
OPERATING EXPENSES | ||||
Owner/Officer-Draws/Salaries | $ - | |||
Other Employee Salaries | $ 2,398,982.85 | |||
Advertising and Marketing | $ - | |||
Insurance | ($112,178.27) | |||
Payroll Taxes | $186,335.50 | |||
Lease and Rent | $189,647.29 | |||
Telephone and Utlities | $217,986.08 | |||
Attorney and other Professional Fees (see footnote #2) | ($1,788,902.20) | |||
UST Quarterly Fees | $250.00 | |||
Other Expenses (includes other income) (see footnote #3) | ($11,106,737.40) | |||
Total Operating Expenses | $ (10,014,616.15) | |||
Net Income (Loss) | $ 7,497,621.48 | |||
CURRENT ASSETS | ||||
Accounts Receivable at end of month (Does not include Intercompany) | $ 976,028.67 | |||
Increase (Decrease) in AR for month | $ (39,329,537.94) | |||
Inventory at end of month | $ - | |||
Increase (Decrease) in Inventory for month | $ (66,544,974.93) | |||
Cash at end of the month | $ 501,632,601.04 | |||
Increase (Decrease) in Cash for month | $ 119,830,781.44 | |||
LIABILITIES | ||||
Increase (Decrease) in pre-petition debt (see footnote #4) | $ (25,651,658.40) | |||
Increase (Decrease) in post-petition debt | $ (5,941,034.01) | |||
Taxes Payable: | ||||
Federal Payroll Taxes | $ - | |||
State Payroll Taxes | $ - | |||
Local Payroll Taxes | $ - | |||
State Sales Taxes | $ (273,212.09) | |||
Real Estate and Personal | $ (365,480.71) | |||
Property Taxes (Real Property) | $ (204,598.62) | |||
Other (see footnote 1) | $ (138,305.43) | |||
Total Taxes Payable | $ (981,596.85) | |||
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Footnote 1 | ||||
PRE-Fed MTR FUEL TAX-IC & SUBS (248001) | $ (5,663.77) | |||
USE TAX PAYABLE-AUTOMATIC FROM TAX PACK | $ (1,988.13) | |||
USE TAX PAYABLE-MANUAL ENTRIES | $ (135,413.29) | |||
FED MTR FUEL TAX-EST LIAB | $ 4,759.76 | |||
$ (138,305.43) | ||||
Footnote 2 | ||||
Adjustment of prior months over accrual | ||||
Foodnote 3 | ||||
Mostly gain on Coffeyville sale | ||||
Footnote 4 | ||||
Contract cures and liability assumptions as a result of Coffeyville sale | ||||
- Company Dashboard
- Filings
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 27 Apr 04, 12:00am