Exhibit 99.1 (b) 4
ARCLIGHT SYSTEMS LLC
Statements of Members’ Equity
Year ended December 31, 2002 and Period from April 1, 2001
(date of inception of operations) to December 31, 2001
Class A Equity | Class B Equity | Class C Equity | Retained earnings (Accumulated deficit) | Total members’ equity | |||||||||||||||||||
Units | Amount | Units | Amount | Units | Amount | ||||||||||||||||||
Balances at April 1, 2001 (date of inception) | 2,500,000 | $ | 3,137,932 | 3,623,454 | $ | 12,492,054 | — | $ | — | $ | — | $ | 15,629,986 | ||||||||||
Issuance of Class B units | — | — | 393,748 | 1,357,467 | — | — | — | 1,357,467 | |||||||||||||||
Interim measurement of Class B floating shares | — | — | — | 13,157,045 | — | — | — | 13,157,045 | |||||||||||||||
Net loss | — | — | — | — | — | — | (5,802,593 | ) | (5,802,593 | ) | |||||||||||||
Balances at December 31, 2001 | 2,500,000 | $ | 3,137,932 | 4,017,202 | $ | 27,006,566 | — | $ | — | $ | (5,802,593 | ) | $ | 24,341,905 | |||||||||
Issuance of Class B units | — | — | 10,750 | 72,269 | — | — | — | 72,269 | |||||||||||||||
Issuance of Class C units | — | — | — | — | 370,604 | 3,547,277 | — | 3,547,277 | |||||||||||||||
Member distributions | — | — | — | — | — | — | (18,565,000 | ) | (18,565,000 | ) | |||||||||||||
Net income | — | — | — | — | — | — | 55,537,075 | 55,537,075 | |||||||||||||||
Balances at December 31, 2002 | 2,500,000 | $ | 3,137,932 | 4,027,952 | $ | 27,078,835 | 370,604 | $ | 3,547,277 | $ | 31,169,482 | $ | 64,933,526 | ||||||||||
See accompanying notes to financial statements.