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8-K Filing
Chart Industries (GTLS) 8-KRegulation FD Disclosure
Filed: 22 Oct 03, 12:00am
Exhibit 99.1
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 20 days after end of month.
Submit copy of report to any official committee appointed in the case.
REQUIRED DOCUMENTS | Form No. | Document Attached | Explanation Attached | |||
Schedule of Cash Receipts and Disbursements | MOR-1 | X | ||||
Bank Reconciliation | MOR-1 | Note 1 | ||||
Copies of Bank Statements | X | Note 2 | ||||
Cash Disbursement Journals | X | Note 3 | ||||
Statement of Operations | MOR-2 | X | ||||
Balance Sheet | MOR-3 | X | ||||
Status of Postpetition Taxes | MOR-4 | X | ||||
Copies of IRS Form 6123 or Payment Receipt | Note 4 | |||||
Copies of Tax Returns Filed During Reporting Period | X | Note 5 | ||||
Summary of Unpaid Postpetition Debts | MOR-4 | X | ||||
Listing of Aged Accounts Payable | Note 6 | |||||
Accounts Receivable Reconciliation and Aging | MOR-5 | X | ||||
Debtor Questionnaire | MOR-5 | X |
I declare under penalty of perjury (28 U.S.C. § 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.
Signature of Debtor | Date | |
Signature of Joint Debtor |
Date | |
Signature of Authorized Individual* | 9-2-03 Date | |
Michael F. Biehl Printed Name of Authorized Individual* | Authorized Signatory Title of Authorized Individual |
* | Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. |
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
NOTES TO MONTHLY OPERATING REPORT
General Note: | For administrative convenience, the debtors and debtors-in-possession in the above-captioned cases (collectively, the “Debtors”) are submitting this consolidated Monthly Operating Report for all twelve debtors. Where available or specifically requested by the Office of the United States Trustee, the Debtors have provided documentation specific to a particular Debtor. | |
Note 1: | At the direction of the Office of the United States Trustee, the Debtors are providing a declaration that all bank accounts are reconciled on a monthly basis in lieu of providing copies of the Debtors’ bank reconciliations. The Debtors will make such reconciliations available upon request. | |
Note 2: | At the direction of the Office of the United States Trustee, the Debtors are providing a list of month end book balances for all Debtor bank accounts in lieu of providing copies of the Debtors’ bank statements. The Debtors will make such statements available upon request. | |
Note 3: | The Office of the United States Trustee has waived the requirement that the Debtors provide copies of the Debtors’ cash disbursement journals. The Debtors will make such journals available upon request. | |
Note 4: | The Office of the United States Trustee has waived the requirement that the Debtors provide copies of IRS Form 6123 | |
Note 5: | The Debtors are providing copies of all tax returns filed during the reporting period, except for sales tax returns, which are voluminous and are not maintained at the Debtors’ corporate headquarters. The Debtors will make such returns available upon request. | |
Note 6: | As set forth on the attached declaration of Michael F. Biehl, the Debtors are current with respect to all postpetition payables. |
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
DECLARATION AND STATEMENT OF MICHAEL F. BIEHL
WITH RESPECT TO MONTHLY OPERATING REPORT
I, Michael F. Biehl, hereby declare that the following is true and correct to the best of my knowledge, information and belief:
1. The Debtors have performed all bank reconciliations for this reporting period.
2. The Debtors have paid all postpetition taxes for this reporting period.
3. The Debtors are current with respect to all postpetition payables.
I declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge, information and belief. Executed this 2nd day of September, 2003 in Cleveland, Ohio.
Michael F. Biehl |
Authorized Signatory |
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
(See Attached Sheets)
Chart Industries, Inc.
Schedule of Cash Receipts and Disbursements
Reporting Period: July 9 - 31, 2003
Bank Accounts: Operating | Payroll | Tax | Chase Investment | Dreyfus Investment | Current Month Actual | |||||||
Cash - Beginning of Month | 10,677.5 | 0.0 | 0.0 | 7.9 | 1,924.8 | 12,610.2 | ||||||
Receipts | ||||||||||||
Cash Sales | 0.0 | 0.0 | ||||||||||
Accounts Receivable | 15,275.2 | 15,275.2 | ||||||||||
Loans and Advances | 0.0 | 0.0 | ||||||||||
Sale of Assets | 0.0 | 0.0 | ||||||||||
Other: UK Intercompany Payables | 1,632.8 | 1,632.8 | ||||||||||
Transfers (from DIP Accts) | 0.0 | 0.0 | ||||||||||
Total Receipts | 16,908.0 | 0.0 | 0.0 | 0.0 | 0.0 | 16,908.0 | ||||||
Disbursements | ||||||||||||
Net Payroll | 0.0 | 0.0 | ||||||||||
Payroll Taxes | 0.0 | 0.0 | ||||||||||
Sales, Use & Other Taxes | 0.0 | 0.0 | ||||||||||
Inventory Purchases | 0.0 | 0.0 | ||||||||||
Secured/Rental/Leases | 0.0 | 0.0 | ||||||||||
Insurance | 0.0 | 0.0 | ||||||||||
Administrative/Fund ZBA Disbursement Accounts | 15,436.2 | 15,436.2 | ||||||||||
Selling | 0.0 | 0.0 | ||||||||||
Other | 0.0 | 0.0 | ||||||||||
Owner Draw | 0.0 | 0.0 | ||||||||||
Transfers (to DIP Accounts) | 0.0 | 0.0 | ||||||||||
Professional Fees | 0.0 | 0.0 | ||||||||||
US Trustee Quarterly Fees | 0.0 | 0.0 | ||||||||||
Court Fees | 0.0 | 0.0 | ||||||||||
Total Disbursements | 15,436.2 | 0.0 | 0.0 | 0.0 | 0.0 | 15,436.2 | ||||||
Net Cash Flow-Chart Industries, Inc. | 1,471.8 | 0.0 | 0.0 | 0.0 | 0.0 | 1,471.8 | ||||||
Cash - End of Month | 12,149.4 | 0.0 | 0.0 | 7.9 | 1,924.8 | 14,082.0 | ||||||
Chart Inc.
Schedule of Cash Receipts and Disbursements
Reporting Period: July 9 - 31, 2003
Bank Accounts: Operating | Payroll | Tax | Medical | Current Month Actual | |||||||||
Cash - Beginning of Month | (441.9 | ) | (157.4 | ) | 0.0 | 0.0 | (599.3 | ) | |||||
Receipts | |||||||||||||
Cash Sales | 0.0 | 0.0 | |||||||||||
Accounts Receivable | 0.0 | 0.0 | |||||||||||
Loans and Advances | 0.0 | 0.0 | |||||||||||
Sale of Assets | 0.0 | 0.0 | |||||||||||
Other: Fund Disbursements | 11,615.6 | 2,153.8 | 13,769.4 | ||||||||||
Transfers (from DIP Accts) | 0.0 | 0.0 | |||||||||||
Total Receipts | 11,615.6 | 2,153.8 | 0.0 | 0.0 | 13,769.4 | ||||||||
Disbursements | |||||||||||||
Net Payroll | 0.0 | 1,318.9 | 1,318.9 | ||||||||||
Payroll Taxes | 0.0 | 589.1 | 589.1 | ||||||||||
Sales, Use & Other Taxes | 195.0 | 195.0 | |||||||||||
Inventory Purchases | 9,931.3 | 9,931.3 | |||||||||||
Secured/Rental/Leases | 0.0 | 0.0 | |||||||||||
Insurance | 292.2 | 292.2 | |||||||||||
Administrative | 4,127.8 | 4,127.8 | |||||||||||
Selling | 0.0 | 0.0 | |||||||||||
Other: Payment to CHELP | 115.0 | 115.0 | |||||||||||
Owner Draw | 0.0 | 0.0 | |||||||||||
Transfers (to DIP Accounts) | 0.0 | 0.0 | |||||||||||
Professional Fees | 0.0 | 0.0 | |||||||||||
US Trustee Quarterly Fees | 0.0 | 0.0 | |||||||||||
Court Fees | 0.0 | 0.0 | |||||||||||
Total Disbursements | 14,661.3 | 1,908.0 | 0.0 | 0.0 | 16,569.4 | ||||||||
Net Cash Flow - Chart Inc. | (3,045.7 | ) | 245.8 | 0.0 | 0.0 | (2,800.0 | ) | ||||||
Cash - End of Month | (3,045.7 | ) | 245.8 | 0.0 | 0.0 | (2,800.0 | ) | ||||||
Note: Expense Categories without projected amounts were not analyzed on a legal entity basis for these categories.
Caire Inc.
Schedule of Cash Receipts and Disbursements
Reporting Period: July 9 - 31, 2003
Bank Accounts: Operating | Payroll | Tax | Other | Current Month Actual | ||||||
Cash - Beginning of Month | 20.6 | 0.0 | 0.0 | 0.0 | 20.6 | |||||
Receipts | ||||||||||
Cash Sales | 0.0 | 0.0 | ||||||||
Accounts Receivable | 0.0 | 0.0 | ||||||||
Loans and Advances | 0.0 | 0.0 | ||||||||
Sale of Assets | 0.0 | 0.0 | ||||||||
Other: Fund Petty Cash | 61.3 | 61.3 | ||||||||
Transfers (from DIP Accts) | 0.0 | 0.0 | ||||||||
Total Receipts | 61.3 | 0.0 | 0.0 | 0.0 | 61.3 | |||||
Disbursements | ||||||||||
Net Payroll | 0.0 | |||||||||
Payroll Taxes | 0.0 | 0.0 | ||||||||
Sales, Use & Other Taxes | 0.0 | 0.0 | ||||||||
Inventory Purchases | 0.0 | 0.0 | ||||||||
Secured/Rental/Leases | 0.0 | 0.0 | ||||||||
Insurance | 0.0 | 0.0 | ||||||||
Administrative | 33.4 | 33.4 | ||||||||
Selling | 0.0 | 0.0 | ||||||||
Other | 0.0 | 0.0 | ||||||||
Owner Draw | 0.0 | 0.0 | ||||||||
Transfers (to DIP Accounts) | 0.0 | 0.0 | ||||||||
Professional Fees | 0.0 | 0.0 | ||||||||
US Trustee Quarterly Fees | 0.0 | 0.0 | ||||||||
Court Fees | 0.0 | 0.0 | ||||||||
Total Disbursements | 33.4 | 0.0 | 0.0 | 0.0 | 33.4 | |||||
Cash - End of Month | 48.5 | 0.0 | 0.0 | 0.0 | 48.5 | |||||
Chart Heat Exchangers LP
Schedule of Cash Receipts and Disbursements
Reporting Period: July 9 - 31, 2003
Bank Accounts: Operating | Payroll | Tax | Other | Current Month Actual | ||||||
Cash - Beginning of Month | 45.7 | 0.0 | 0.0 | 0.0 | 45.7 | |||||
Receipts | ||||||||||
Cash Sales | 0.0 | 0.0 | ||||||||
Accounts Receivable | 0.0 | 0.0 | ||||||||
Loans and Advances | 0.0 | 0.0 | ||||||||
Sale of Assets | 0.0 | 0.0 | ||||||||
Other: Miscellaneous | 137.2 | 137.2 | ||||||||
Transfers (from DIP Accts) | 0.0 | 0.0 | ||||||||
Total Receipts | 137.2 | 0.0 | 0.0 | 0.0 | 137.2 | |||||
Disbursements | ||||||||||
Net Payroll | 28.4 | 28.4 | ||||||||
Payroll Taxes | 0.0 | 0.0 | ||||||||
Sales, Use & Other Taxes | 0.0 | 0.0 | ||||||||
Inventory Purchases | 0.0 | 0.0 | ||||||||
Secured/Rental/Leases | 0.0 | 0.0 | ||||||||
Insurance | 0.0 | 0.0 | ||||||||
Administrative | 7.0 | 7.0 | ||||||||
Selling | 0.0 | 0.0 | ||||||||
Other | 0.0 | 0.0 | ||||||||
Owner Draw | 0.0 | 0.0 | ||||||||
Transfers (to DIP Accounts) | 0.0 | 0.0 | ||||||||
Professional Fees | 0.0 | 0.0 | ||||||||
US Trustee Quarterly Fees | 0.0 | 0.0 | ||||||||
Court Fees | 0.0 | 0.0 | ||||||||
Total Disbursements | 35.4 | 0.0 | 0.0 | 0.0 | 35.4 | |||||
Cash - End of Month | 147.5 | 0.0 | 0.0 | 0.0 | 147.5 | |||||
Chart Management Company Inc.
Schedule of Cash Receipts and Disbursements
Reporting Period: July 9 - 31, 2003
Bank Operating | Payroll | Tax | Medical | Current Actual | ||||||||
Cash - Beginning of Month | 0.0 | 0.0 | 0.0 | (455.0 | ) | (455.0 | ) | |||||
Receipts | ||||||||||||
Cash Sales | 0.0 | 0.0 | ||||||||||
Accounts Receivable | 0.0 | 0.0 | ||||||||||
Loans and Advances | 0.0 | 0.0 | ||||||||||
Sale of Assets | 0.0 | 0.0 | ||||||||||
Other - Fund Cleared Checks | 0.0 | 233.7 | 233.7 | |||||||||
Transfers (from DIP Accts) | 0.0 | 0.0 | ||||||||||
Total Receipts | 0.0 | 0.0 | 0.0 | 233.7 | 233.7 | |||||||
Disbursements | ||||||||||||
Net Payroll | 0.0 | 0.0 | ||||||||||
Payroll Taxes | 0.0 | 0.0 | ||||||||||
Sales, Use & Other Taxes | 0.0 | 0.0 | ||||||||||
Inventory Purchases | 0.0 | 0.0 | ||||||||||
Secured/Rental/Leases | 0.0 | 0.0 | ||||||||||
Insurance | 0.0 | 0.0 | ||||||||||
Administrative | 0.0 | 191.1 | 191.1 | |||||||||
Selling | 0.0 | 0.0 | ||||||||||
Other | 0.0 | 0.0 | ||||||||||
Owner Draw | 0.0 | 0.0 | ||||||||||
Transfers (to DIP Accounts) | 0.0 | 0.0 | ||||||||||
Professional Fees | 0.0 | 0.0 | ||||||||||
US Trustee Quarterly Fees | 0.0 | 0.0 | ||||||||||
Court Fees | 0.0 | 0.0 | ||||||||||
Total Disbursements | 0.0 | 0.0 | 0.0 | 191.1 | 191.1 | |||||||
Cash - End of Month | 0.0 | 0.0 | 0.0 | (412.4 | ) | (412.4 | ) | |||||
Chart Asia, Inc.
Schedule of Cash Receipts and Disbursements
Reporting Period: July 9 - 31, 2003
Bank Accounts: Operating | Payroll | Tax | Other | Current Month Actual | ||||||
Cash - Beginning of Month | 17.9 | 0.0 | 0.0 | 0.0 | 17.9 | |||||
Receipts | ||||||||||
Cash Sales | 0.0 | 0.0 | ||||||||
Accounts Receivable | 0.0 | 0.0 | ||||||||
Loans and Advances | 0.0 | 0.0 | ||||||||
Sale of Assets | 0.0 | 0.0 | ||||||||
Other: Fund Petty Cash | 0.0 | 0.0 | ||||||||
Transfers (from DIP Accts) | 0.0 | 0.0 | ||||||||
Total Receipts | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||
Disbursements | ||||||||||
Net Payroll | 0.0 | |||||||||
Payroll Taxes | 0.0 | 0.0 | ||||||||
Sales, Use & Other Taxes | 0.0 | 0.0 | ||||||||
Inventory Purchases | 0.0 | 0.0 | ||||||||
Secured/Rental/Leases | 0.0 | 0.0 | ||||||||
Insurance | 0.0 | 0.0 | ||||||||
Administrative | 10.6 | 10.6 | ||||||||
Selling | 0.0 | 0.0 | ||||||||
Other | 0.0 | 0.0 | ||||||||
Owner Draw | 0.0 | 0.0 | ||||||||
Transfers (to DIP Accounts) | 0.0 | 0.0 | ||||||||
Professional Fees | 0.0 | 0.0 | ||||||||
US Trustee Quarterly Fees | 0.0 | 0.0 | ||||||||
Court Fees | 0.0 | 0.0 | ||||||||
Total Disbursements | 10.6 | 0.0 | 0.0 | 0.0 | 10.6 | |||||
Cash - End of Month | 7.3 | 0.0 | 0.0 | 0.0 | 7.3 | |||||
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
BANK RECONCILIATION1
1 | At the direction of the Office of the United States Trustee, the Debtors are providing a declaration that all bank accounts are reconciled on a monthly basis in lieu of providing copies of the Debtors’ bank reconciliations. The Debtors will make such reconciliations available upon request. |
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
BANK STATEMENTS2
(See Attached Sheets)
2 | At the direction of the Office of the United States Trustee, the Debtors are providing a list of month end book balances for all Debtor bank accounts in lieu of providing copies of the Debtors’ bank statements. The Debtors will make such statements available upon request. |
Chart Industries, Inc.
Bank Account Balances as of July 31, 2003
DEBTOR | BANK | PURPOSE | BALANCE | |||||
Chart Industries, Inc. | National City Bank Acc’t No. 2436422 | Main Account | $ | 12,149,374.78 | ||||
Chart Industries, Inc. | National City Bank Acc’t No. 000243642-00 | Dreyfus Overnight Investments Account | $ | 1,924,812.03 | ||||
Chart Industries, Inc. | JP Morgan Chase Acc’t No. 777-142678 | Business Checking | $ | 7,870.51 | ||||
Chart Industries, Inc. | National City Bank Acc’t No. 152231 | Medical Account (Inactive) | $ | 0.00 | ||||
Chart Management Co., Inc. | National City Bank Acc’t No. 97076 | Master Account | N/A | |||||
Chart Inc. | National City Bank Acc’t No. 0150850 | Disbursements Account | $ | (2,705,272.00 | ) | |||
Chart Inc. | National City Bank Acc’t No. 0153349 | Payroll Account | $ | 245,772.65 | ||||
Chart Management Company, Inc. | National City Bank Acc’t No. 109719 | Medical Account | $ | (412,407.60 | ) | |||
Chart Inc. f/k/a Process Systems Int’l, Inc. | National City Bank Acc’t No. 97113 | Disbursements Account | $ | (281,854.73 | ) |
DEBTOR | BANK | PURPOSE | BALANCE | |||||
Chart Inc. f/k/a Cyrenco, Inc. | National City Bank Acc’t No. 124687 | Disbursements Account | $ | (123,908.58 | ) | |||
GTC of Clarksville LLC f/k/a Greenville Tube Corporation | National City Bank Acc’t No. 97105 | Disbursements Account | $ | 0.00 | ||||
GTC of Clarksville LLC f/k/a Greenville Tube Corporation | National City Bank Acc’t No. 239848847 | Deposits Account | $ | 0.00 | ||||
Chart Inc. | Regions Bank Acc’t No. 655 65 16 43 2 | Petty Checking | $ | 10,072.00 | ||||
Chart Inc. f/k/a MVE, Inc. | Wells Fargo Bank Minnesota, N.A. Acc’t No. 107-0683664 | Petty Checking | $ | 6,962.36 | ||||
Chart Inc. | Wells Fargo Bank Minnesota, N.A. Acc’t No. 027-5813079 | Petty Checking | $ | 48,495.44 | ||||
Chart Inc. f/k/a MVE, Inc. | Fleet Bank - Plaistow Acc’t No. 94186-14289 | Petty Checking | $ | 8,960.55 | ||||
Chart Inc. f/k/a Cryenco, Inc. | U.S. Bank Acc’t No. 120405169968 | Petty Checking | $ | 6,145.45 | ||||
Chart Inc. f/k/a Cryenco, Inc. | U.S. Bank Acc’t No. 194311627294 | Deposits Account | $ | 23,717.30 | ||||
Chart Inc. f/k/a Cryenco, Inc. | U.S. Bank Acc’t No. 294341941622 | Employee Fund | $ | 1,161.64 | ||||
Chart Inc. f/k/a Process Systems Int’l, Inc. | Sovereign Bank Acc’t No. 30600035437 | Petty Checking | $ | 1,500.00 |
2
DEBTOR | BANK | PURPOSE | BALANCE | ||||
Chart Inc. f/k/a Process Systems Int’l, Inc. | Fleet Bank-Westborough Acc’t No. 005831-1204 | Freight Payment Account | $ | 6,701.44 | |||
Chart Inc. f/k/a CHD, Inc. | PNC Bank Acc’t No. 56-1057-3589 | Business Checking | $ | 0.00 | |||
Chart Heat Exchangers Limited Partnership | HSBC Bank plc Acc’t No. 60001295 | General Disbursements | $ | 96,592.84 | |||
Chart Heat Exchangers Limited Partnership | U.S. Bank Acc’t No. 182898117391 | General Disbursements | $ | 50,900.45 | |||
Chart Asia, Inc. | Nogh Kong & Shanghai Banking Corp. Acc’t No. 7232-143-085611001 | General Banking Account | $ | 7,332.77 |
3
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
STATEMENT OF OPERATIONS
(See Attached Sheets)
83500 | Chart Industries | 1 | ||
CORPIS 03 | CHART–INCOME STATEMENT–LEGAL ENTITY | 09/02/03 | ||
ISYLCONSOL | CHART INDUSTRIES CONSOLIDATING | 15:09:10 | ||
As of July 31, 2003 |
FOR INTERNAL USE ONLY | Filing Entities | Non Filing Entities | Elims | CHART CONSOL | ||||||||
HEAT EXCHANGERS | 3,093,618.00 | .00 | .00 | 3,093,618.00 | ||||||||
CUSTOM SYSTEMS | 872,613.40 | .00 | .00 | 872,613.40 | ||||||||
VACUUM EQUIPMENT | 104,003.84 | .00 | .00 | 104,003.84 | ||||||||
CRYO PUMPS | <6,000.00 | > | .00 | .00 | <6,000.00 | > | ||||||
LNG SYSTEMS | 697,350.93 | .00 | .00 | 697,350.93 | ||||||||
STD TANKS | 1,413,450.03 | 1,769,650.70 | .00 | 3,183,100.73 | ||||||||
ENGINEERED TANKS | 839,438.00 | 363,863.83 | .00 | 1,203,301.83 | ||||||||
CRYO COMPONENTS | .00 | .00 | .00 | .00 | ||||||||
NITROGEN SYSTEMS | 602,408.70 | .00 | .00 | 602,408.70 | ||||||||
PARTS | 358,956.71 | .00 | .00 | 358,956.71 | ||||||||
REPAIR AND REHAB | 487,226.07 | .00 | .00 | 487,226.07 | ||||||||
INDUSTRIAL GASES | 2,755,671.69 | 612,319.81 | .00 | 3,367,991.50 | ||||||||
BEVERAGE SYSTEMS | 1,093,558.54 | 201,136.70 | .00 | 1,294,695.24 | ||||||||
MEDICAL | 1,608,701.90 | 1,899,830.82 | .00 | 3,508,532.72 | ||||||||
BIOMEDICAL | 1,477,267.99 | 284,579.09 | .00 | 1,761,847.08 | ||||||||
COOLTEL | 29.20 | .00 | .00 | 29.20 | ||||||||
MRI | 1,240,405.04 | .00 | .00 | 1,240,405.04 | ||||||||
TOTAL GROSS OUTSIDE SALES | 16,638,700.04 | 5,131,380.95 | .00 | 21,770,080.99 | ||||||||
LESS:DISCOUNTS & ALLOWANCES | <78,959.87 | > | .00 | .00 | <78,959.87 | > | ||||||
REBATES | <198,138.90 | > | <9,514.05 | > | .00 | <207,652.95 | > | |||||
FREIGHT | <46,116.01 | > | 4,414.84 | .00 | <41,701.17 | > | ||||||
NET OUTSIDE SALES | 16,315,485.26 | 5,126,281.74 | .00 | 21,441,767.00 | ||||||||
INTER-COMPANY SALES | 199,986.53 | .00 | <199,986.53 | > | .00 | |||||||
TOTAL NET SALES | 16,515,471.79 | 5,126,281.74 | <199,986.53 | > | 21,441,767.00 | |||||||
STD COST OF SALES | 11,412,202.46 | 3,791,302.14 | <236,509.27 | > | 14,966,995.33 | |||||||
TOTAL MANUFACTURING VARIANC | 78,548.88 | <641,044.85 | > | .00 | <562,495.97 | > | ||||||
WARRANTY | 106,037.55 | 17,766.50 | .00 | 123,804.05 | ||||||||
RESTRUCTURING | .00 | .00 | .00 | .00 | ||||||||
TOTAL COST OF SALES | 11,596,788.89 | 3,168,023.79 | <236,509.27 | > | 14,528,303.41 | |||||||
GROSS MARGIN | 4,918,682.90 | 1,958,257.95 | 36,522.74 | 6,913,463.59 | ||||||||
SELLING, GENERAL & ADMINISTRAT | ||||||||||||
RESEARCH AND DEVELOPMENT | 130,715.21 | 13,868.91 | .00 | 144,584.12 | ||||||||
MARKETING & SELLING | 1,335,121.55 | 227,330.34 | .00 | 1,562,451.89 | ||||||||
ADMINISTRATIVE TOTAL | 2,330,606.13 | 243,564.91 | .00 | 2,574,171.04 | ||||||||
REORGANIZATION EXPENSES | 718,050.33 | .00 | .00 | 718,050.33 | ||||||||
TOTAL S, G & A | 4,514,493.22 | 484,764.16 | .00 | 4,999,257.38 | ||||||||
AMORTIZATION EXPENSE | <126,902.28 | > | <2,492.58 | > | .00 | <129,394.86 | > | |||||
RESTRUCTURING | <9,539.41 | > | <7,902.58 | > | .00 | <17,441.99 | > | |||||
OTHER INCOME/(EXPENSE) | <9,996.01 | > | 46,690.92 | .00 | 36,694.91 | |||||||
EQUITY INCOME-JOINT VENTUR | <9,511.00 | > | .00 | .00 | <9,511.00 | > | ||||||
INCOME FROM OPERATIONS | 248,240.98 | 1,509,789.55 | 36,522.74 | 1,794,553.27 | ||||||||
FOREIGN CURRENCY GAIN/(LOSS | 49,738.82 | 39,979.42 | .00 | 89,718.24 | ||||||||
GAIN/LOSS ON SALE OF ASSET | 3,667,101.94 | .00 | .00 | 3,667,101.94 | ||||||||
INTEREST EXPENSE, NET | <450,324.50 | > | <4,559.57 | > | .00 | <454,884.07 | > | |||||
FINANCING COSTS | <63,903.17 | > | .00 | .00 | <63,903.17 | > | ||||||
INCOME BEFORE TAX & MIN INT | 3,450,854.07 | 1,545,209.40 | 36,522.74 | 5,032,586.21 | ||||||||
INCOME TAX BENEFIT/(EXPENSE | <414,791.60 | > | <72,902.52 | > | .00 | <487,694.12 | > | |||||
INCOME (LOSS) BEFORE MIN INT | 3,036,062.47 | 1,472,306.88 | 36,522.74 | 4,544,892.09 | ||||||||
MINORITY INTEREST, NET OF T | .00 | 23,393.73 | .00 | 23,393.73 | ||||||||
NET INCOME (LOSS) | 3,036,062.47 | 1,448,913.15 | 36,522.74 | 4,521,498.36 | ||||||||
83500 | Chart Industries | 1 | ||||||||||||||||||||||||||||||
CORPIS 03 | CHART-INCOME STATEMENT-LEGAL ENTITY | 09/02/03 | ||||||||||||||||||||||||||||||
ISYLFILING | CHART INDUSTRIES FILING ENTITIES | 15:18:53 | ||||||||||||||||||||||||||||||
As of July 31, 2003 | ||||||||||||||||||||||||||||||||
FOR INTERNAL USE ONLY | Caire Inc. | Chart Asia | Chart HX, LP | Chart Inc. | Chart Industries | Chart Management | Chart Intl Holdings | Chart Internatnl | Chart Leasing | Greenville Tube | CHART CONSOL | |||||||||||||||||||||
HEAT EXCHANGERS | .00 | .00 | 3,093,618.00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | 3,093,618.00 | |||||||||||||||||||||
CUSTOM SYSTEMS | .00 | .00 | .00 | 872,613.40 | .00 | .00 | .00 | .00 | .00 | .00 | 872,613.40 | |||||||||||||||||||||
VACUUM EQUIPMENT | .00 | .00 | .00 | 104,003.84 | .00 | .00 | .00 | .00 | .00 | .00 | 104,003.84 | |||||||||||||||||||||
CRYO PUMPS | .00 | .00 | .00 | <6,000.00 | > | .00 | .00 | .00 | .00 | .00 | .00 | <6,000.00 | > | |||||||||||||||||||
LNG SYSTEMS | .00 | .00 | .00 | 697,350.93 | .00 | .00 | .00 | .00 | .00 | .00 | 697,350.93 | |||||||||||||||||||||
STD TANKS | .00 | .00 | .00 | 1,413,450.03 | .00 | .00 | .00 | .00 | .00 | .00 | 1,413,450.03 | |||||||||||||||||||||
ENGINEERED TANKS | .00 | .00 | .00 | 839,438.00 | .00 | .00 | .00 | .00 | .00 | .00 | 839,438.00 | |||||||||||||||||||||
CRYO COMPONENTS | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | |||||||||||||||||||||
NITROGEN SYSTEMS | .00 | .00 | .00 | 602,408.70 | .00 | .00 | .00 | .00 | .00 | .00 | 602,408.70 | |||||||||||||||||||||
PARTS | .00 | .00 | .00 | 358,956.71 | .00 | .00 | .00 | .00 | .00 | .00 | 358,956.71 | |||||||||||||||||||||
REPAIR AND REHAB | .00 | .00 | .00 | 487,226.07 | .00 | .00 | .00 | .00 | .00 | .00 | 487,226.07 | |||||||||||||||||||||
INDUSTRIAL GASES | .00 | .00 | .00 | 2,755,671.69 | .00 | .00 | .00 | .00 | .00 | .00 | 2,755,671.69 | |||||||||||||||||||||
BEVERAGE SYSTEMS | .00 | .00 | .00 | 1,093,558.54 | .00 | .00 | .00 | .00 | .00 | .00 | 1,093,558.54 | |||||||||||||||||||||
MEDICAL | 1,608,701.90 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | 1,608,701.90 | |||||||||||||||||||||
BIOMEDICAL | .00 | .00 | .00 | 1,477,267.99 | .00 | .00 | .00 | .00 | .00 | .00 | 1,477,267.99 | |||||||||||||||||||||
COOLTEL | .00 | .00 | .00 | 29.20 | .00 | .00 | .00 | .00 | .00 | .00 | 29.20 | |||||||||||||||||||||
MRI | .00 | .00 | .00 | 1,240,405.04 | .00 | .00 | .00 | .00 | .00 | .00 | 1,240,405.04 | |||||||||||||||||||||
TOTAL GROSS OUTSIDE SALES | 1,608,701.90 | .00 | 3,093,618.00 | 11,936,380.14 | .00 | .00 | .00 | .00 | .00 | .00 | 16,638,700.04 | |||||||||||||||||||||
LESS: DISCOUNTS & ALLOWA | <10,963.08 | > | .00 | .00 | <67,996.79 | > | .00 | .00 | .00 | .00 | .00 | .00 | <78,959.87 | > | ||||||||||||||||||
REBATES | <253.00 | > | .00 | .00 | <197,885.90 | > | .00 | .00 | .00 | .00 | .00 | .00 | <198,138.90 | > | ||||||||||||||||||
FREIGHT | 421.34 | .00 | .00 | <46,537.35 | > | .00 | .00 | .00 | .00 | .00 | .00 | <46,116.01 | > | |||||||||||||||||||
NET OUTSIDE SALES | 1,597,907.16 | .00 | 3,093,618.00 | 11,623,960.10 | .00 | .00 | .00 | .00 | .00 | .00 | 16,315,485.26 | |||||||||||||||||||||
INTER-COMPANY SALES | .00 | .00 | .00 | 199,986.53 | .00 | .00 | .00 | .00 | .00 | .00 | 199,986.53 | |||||||||||||||||||||
TOTAL NET SALES | 1,597,907.16 | .00 | 3,093,618.00 | 11,823,946.63 | .00 | .00 | .00 | .00 | .00 | .00 | 16,515,471.79 | |||||||||||||||||||||
STD COST OF SALES | 860,285.45 | .00 | 1,967,962.83 | 8,581,729.43 | .00 | .00 | .00 | .00 | 2,224.75 | .00 | 11,412,202.46 | |||||||||||||||||||||
TOTAL MANUFACTURING VAR | <27,100.15 | > | .00 | <101,325.20 | > | 222,348.16 | <15,373.93 | > | .00 | .00 | .00 | .00 | .00 | 78,548.88 | ||||||||||||||||||
WARRANTY | 9,652.00 | .00 | 25,381.00 | 71,004.55 | .00 | .00 | .00 | .00 | .00 | .00 | 106,037.55 | |||||||||||||||||||||
RESTRUCTURING | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | |||||||||||||||||||||
TOTAL COST OF SALES | 842,837.30 | .00 | 1,892,018.63 | 8,875,082.14 | <15,373.93 | > | .00 | .00 | .00 | 2,224.75 | .00 | 11,596,788.89 | ||||||||||||||||||||
GROSS MARGIN | 755,069.86 | .00 | 1,201,599.37 | 2,948,864.49 | 15,373.93 | .00 | .00 | .00 | <2,224.75 | > | .00 | 4,918,682.90 | ||||||||||||||||||||
SELLING, GENERAL & ADMINIS | ||||||||||||||||||||||||||||||||
RESEARCH AND DEVELOPMEN | .00 | .00 | 43,686.36 | 87,028.85 | .00 | .00 | .00 | .00 | .00 | .00 | 130,715.21 | |||||||||||||||||||||
MARKETING & SELLING | 150,242.77 | <1.91 | > | 293,015.10 | 891,865.59 | .00 | .00 | .00 | .00 | .00 | .00 | 1,335,121.55 | ||||||||||||||||||||
ADMINISTRATIVE TOTAL | 75,482.87 | .00 | 148,373.45 | 834,992.93 | <177,054.52 | > | 1,394,579.01 | .00 | .00 | 7,776.24 | 46,456.15 | 2,330,606.13 | ||||||||||||||||||||
REORGANIZATION EXPENSES | .00 | .00 | .00 | .00 | .00 | 718,050.33 | .00 | .00 | .00 | .00 | 718,050.33 | |||||||||||||||||||||
TOTAL S, G & A | 225,725.64 | <1.91 | > | 485,074.91 | 1,813,887.37 | <177,054.52 | > | 2,112,629.34 | .00 | .00 | 7,776.24 | 46,456.15 | 4,514,493.22 | |||||||||||||||||||
AMORTIZATION EXPENSE | <1,826.97 | > | .00 | .00 | <111,906.32 | > | .00 | .00 | .00 | <13,168.99 | > | .00 | .00 | <126,902.28 | > | |||||||||||||||||
RESTRUCTURING | .00 | .00 | <2,550.00 | > | <6,989.41 | > | .00 | .00 | .00 | .00 | .00 | .00 | <9,539.41 | > | ||||||||||||||||||
OTHER INCOME/(EXPENSE) | .00 | .00 | .00 | <2,556.83 | > | <13,230.69 | > | 1,146.32 | .00 | .00 | 1,012.00 | 3,633.19 | <9,996.01 | > | ||||||||||||||||||
EQUITY INCOME-JOINT VEN | .00 | .00 | .00 | <9,511.00 | > | .00 | .00 | .00 | .00 | .00 | .00 | <9,511.00 | > | |||||||||||||||||||
INCOME FROM OPERATIONS | 527,517.25 | 1.91 | 713,974.46 | 1,004,013.56 | 179,197.76 | <2,111,483.02 | > | .00 | <13,168.99 | > | <8,988.99 | > | <42,822.96 | > | 248,240.98 | |||||||||||||||||
FOREIGN CURRENCY GAIN/( | 5,193.54 | .00 | <5,856.65 | > | 30,813.06 | .00 | 19,588.87 | .00 | .00 | .00 | .00 | 49,738.82 | ||||||||||||||||||||
GAIN/LOSS ON SALE OF AS | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | 3,667,101.94 | 3,667,101.94 | |||||||||||||||||||||
INTEREST EXPENSE, NET | 21,696.46 | .00 | 482,545.66 | <1,735,178.32 | > | 854,666.58 | <70,186.73 | > | .00 | .00 | <3,868.15 | > | .00 | <450,324.50 | > | |||||||||||||||||
FINANCING COSTS | .00 | .00 | .00 | .00 | <63,903.17 | > | .00 | .00 | .00 | .00 | .00 | <63,903.17 | > | |||||||||||||||||||
INCOME BEFORE TAX & MIN IN | 554,407.25 | 1.91 | 1,190,663.47 | <700,351.70 | > | 969,961.17 | <2,162,080.88 | > | .00 | <13,168.99 | > | <12,857.14 | > | 3,624,278.98 | 3,450,854.07 | |||||||||||||||||
INCOME TAX BENEFIT/(EXP | .00 | .00 | .00 | .00 | <405,000.00 | > | <9,791.60 | > | .00 | .00 | .00 | .00 | <414,791.60 | > | ||||||||||||||||||
INCOME (LOSS) BEFORE MIN I | 554,407.25 | 1.91 | 1,190,663.47 | <700,351.70 | > | 564,961.17 | <2,171,872.48 | > | .00 | <13,168.99 | > | <12,857.14 | > | 3,624,278.98 | 3,036,062.47 | |||||||||||||||||
NET INCOME (LOSS) | 554,407.25 | 1.91 | 1,190,663.47 | <700,351.70 | > | 564,961.17 | <2,171,872.48 | > | .00 | <13,168.99 | > | <12,857.14 | > | 3,624,278.98 | 3,036,062.47 | |||||||||||||||||
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
BALANCE SHEET
(See Attached Sheets)
83500 | Chart Industries | 1 | ||
CORPIS 03 | CHART-BALANCE SHEET-LEGAL ENTITY | 09/02/03 | ||
BS_LCONSOL | CHART INDUSTRIES CONSOLIDATING | 14,41,09 | ||
As of July 31, 2003 |
FOR INTERNAL USE ONLY | Filing Entities | Non Filing Entities | Elims | CHART CONSOL | ||||||||
ASSETS | ||||||||||||
CURRENT ASSETS | ||||||||||||
CASH AND CASH EQUIVALENTS | 11,097,783.90 | 4,700,191.65 | 1,188,010.17 | 16,985,985.72 | ||||||||
ACCT RECEIVABLE TRADE, NET | 31,890,664.91 | 10,699,712.85 | .00 | 42,590,377.76 | ||||||||
INVENTORIES, NET | 31,309,911.61 | 9,067,287.15 | <747,396.53 | > | 39,629,802.23 | |||||||
UNBILLED CONTRACT REVENUE | 8,834,403.52 | 2,622,753.68 | .00 | 11,457,157.20 | ||||||||
PREPAID EXPENSES | 1,974,553.00 | 632,640.43 | .00 | 2,607,193.43 | ||||||||
OTHER CURRENT ASSETS | 8,600,895.33 | 4,671,884.69 | .00 | 13,272,780.02 | ||||||||
TOTAL CURRENT ASSETS | 93,708,212.27 | 32,394,470.45 | 440,613.64 | 126,543,296.36 | ||||||||
PROPERTY, PLANT & EQUIPMENT | 67,817,232.06 | 26,814,218.27 | .00 | 94,631,450.33 | ||||||||
LESS: ACCUM DEPRECIATION | <34,227,387.61 | > | <13,347,959.91 | > | .00 | <47,575,347.52 | > | |||||
NET PROPERTY, PLANT, & EQUIP | 33,589,844.45 | 13,466,258.36 | .00 | 47,056,102.81 | ||||||||
GOODWILL, NET | 76,976,737.98 | .01 | .00 | 76,976,737.99 | ||||||||
DEFERRED INCOME TAX-LONG TERM | <80,507.34 | > | 80,507.34 | .00 | .00 | |||||||
OTHER ASSETS, NET | 10,838,670.52 | 279,147.15 | .00 | 11,117,817.67 | ||||||||
INTERCOMPANY INVESTMENT | 151,920,066.43 | <4,833,096.52 | > | <147,086,969.91 | > | .00 | ||||||
TOTAL ASSETS | 366,953,024.31 | 41,387,286.79 | <146,646,356.27 | > | 261,693,954.83 | |||||||
LIABILITIES | ||||||||||||
CURRENT LIABILITIES | ||||||||||||
ACCOUNTS PAYABLE | 5,626,950.57 | 2,708,675.36 | 2,349,683.37 | 10,685,309.30 | ||||||||
CUSTOMER ADVANCES | 121,416.00 | 3,986,880.37 | .00 | 4,108,296.37 | ||||||||
BILLINGS IN EX. CONTR.REV. | 475,646.45 | <.02 | > | .00 | 475,646.43 | |||||||
ACCR. SALARY/WAGES/BENEFIT | 2,163,674.58 | 806,501.04 | .00 | 2,970,175.62 | ||||||||
WARRANTY RESERVE | 71,235.48 | 141,051.48 | .00 | 212,286.96 | ||||||||
DEFERRED INCOME TAX-CURRENT | .00 | 477,019.08 | .00 | 477,019.08 | ||||||||
ACCRUED INCOME TAXES | 41,950.78 | 909,828.30 | .00 | 951,779.08 | ||||||||
OTHER CURRENT LIABILITY | 933,212.41 | 246,179.22 | .00 | 1,179,391.63 | ||||||||
CURRENT MATURITY-LONG TERM D | 1.00 | 2,242,471.36 | .00 | 2,242,472.36 | ||||||||
PREPETITION S/T-NOT COMPROM | 40,718,094.25 | .00 | .00 | 40,718,094.25 | ||||||||
TOTAL CURRENT LIABILITIES | 50,152,181.52 | 11,518,606.19 | 2,349,683.37 | 64,020,471.08 | ||||||||
LONG TERM DEBT. NET OF CURRENT | .00 | 1,025,485.34 | .00 | 1,025,485.34 | ||||||||
DEFERRED INC TAX-LONG TERM | .00 | <382,486.80 | > | .00 | <382,486.80 | > | ||||||
OTHER NON-CURRENT LIABILITIES | 136,203.00 | 7,643.79 | .00 | 143,846.79 | ||||||||
PREPETITION L/T-NOT COMPROM | 28,776,217.64 | .00 | .00 | 28,776,217.64 | ||||||||
PREPETITION INTERCO-NOT COMPR | <7,845,602.67 | > | .00 | .00 | <7,845,602.67 | > | ||||||
MINORITY INTEREST | .00 | 1,230,786.15 | .00 | 1,230,786.15 | ||||||||
INTERCOMPANY BALANCES | 2,059,232.35 | 6,126,157.25 | <339,786.93 | > | 7,845,602.67 | |||||||
PREPETITION COMPROMISED | 257,814,168.62 | .00 | .00 | 257,814,168.62 | ||||||||
TOTAL LIABILITIES | 331,092,400.46 | 19,526,191.92 | 2,009,896.44 | 352,628,488.82 | ||||||||
SERIES A PREFERRED STOCK | 3,940,330.00 | .00 | <3,940,330.00 | > | .00 | |||||||
SERIES AA PREFERRED STOCK | 6,320,000.00 | .00 | <6,320,000.00 | > | .00 | |||||||
SHAREHLDERS’ EQUITY (DEFICIT) | ||||||||||||
COMMON STOCK | 266,160.62 | .00 | .00 | 266,160.62 | ||||||||
TREASURY STOCK | <885,732.94 | > | .00 | .00 | <885,732.94 | > | ||||||
SUBSIDIARY CAPITAL | 127,000,207.11 | 2,998,910.56 | <129,999,117.67 | > | .00 | |||||||
PAID-IN-CAPITAL | 49,651,174.98 | .04 | <3,102,532.00 | > | 46,548,643.02 | |||||||
FOR CURR TRANSLATION ADJ | 635,109.58 | 3,277,301.66 | .00 | 3,912,411.24 | ||||||||
PENSION MIN LIABILITY ADJ | <8,470,711.34 | > | .00 | .00 | <8,470,711.34 | > | ||||||
RETAINED EARNINGS-PRIOR YEA | <122,935,502.80 | > | 12,009,151.02 | <5,160,946.82 | > | <116,087,298.60 | > | |||||
RETAINED EARNINGS-CURRENT Y | <19,660,331.47 | > | 3,575,731.68 | <133,326.22 | > | <16,217,926.01 | > | |||||
TOTAL SHAREHOLDERS EQUITY | 35,860,703.74 | 21,861,094.96 | <148,656,252.71 | > | <90,934,454.01 | > | ||||||
TOTAL LIABILITIES & EQUITY | 366,953,104.20 | 41,387,286.88 | <146,646,356.27 | > | 261,694,034.81 | |||||||
83500 | Chart Industries | 1 | ||
CORPIS 03 | CHART-BALANCE SHEET-LEGAL ENTITY | 09/02/03 | ||
BS_LFILING | CHART INDUSTRIES FILING ENTITIES | 16,04,41 | ||
As of July 31, 2003 |
FOR INTERNAL USE ONLY | Caire Inc. | Chart Asia | Chart HX, LP | Chart Inc. | Chart Industries | Chart Management | Chart Intl Holdings | Chart Internatnl | Chart Leasing | Greenville Tube | CHART CONSOL | ||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||||||||||
CURRENT | |||||||||||||||||||||||||||||||||
CASH AND | 49,095.44 | 7,332.77 | 151.793.29 | <2,789,215.12 | > | 14,082,057.32 | <403,479.80 | > | .00 | .00 | .00 | 200.00 | 11,097,783.90 | ||||||||||||||||||||
ACCT | 3,089,292.50 | .00 | 5,415,951.20 | 23,816.686.05 | <768,184.23 | > | .00 | .00 | .00 | 336,919.39 | .00 | 31,890,664.91 | |||||||||||||||||||||
INVENTORIES, | 3,532,484.20 | .00 | 2,133,418.09 | 25,691,676.04 | <47,666.72 | > | .00 | .00 | .00 | .00 | .00 | 31,309,911.61 | |||||||||||||||||||||
UNBILLED | .00 | .00 | 7,355,832.73 | 1,478,570.79 | .00 | .00 | .00 | .00 | .00 | .00 | 8,834,403.52 | ||||||||||||||||||||||
PREPAID | 24,768.49 | .00 | <15,430.00 | > | 1,064,916.28 | 16,569.20 | 883,729.03 | .00 | .00 | .00 | .00 | 1,974,553.00 | |||||||||||||||||||||
OTHER | 5,297.89 | 2,831.09 | 1,005,360.98 | 576,961.66 | 5,551,231.21 | 1,377,789.61 | .00 | .00 | 75,696.18 | 5,726.71 | 8,600,895.33 | ||||||||||||||||||||||
DEFERRED | 496,873.00 | .00 | 327,343.00 | 7,672,904.00 | <9,131,989.00 | > | 634,869.00 | .00 | .00 | .00 | .00 | .00 | |||||||||||||||||||||
TOTAL | 7,197,811.52 | 10,163.86 | 16,374,269.29 | 57,512,499.70 | 9,702,017.78 | 2,492,907.84 | .00 | .00 | 412,615.57 | 5,926.71 | 93,708,212.27 | ||||||||||||||||||||||
PROPERTY, | 4,466,208.36 | 3,260.23 | 16,647,698.53 | 42,242,408.61 | .00 | 2,624,940.53 | .00 | .00 | 158,227.00 | 1,674,488.80 | 67,817,232.06 | ||||||||||||||||||||||
LESS: | <3,883,461.64 | > | <3,260.23 | > | <13,730,918.02 | > | <13,520,610.02 | > | .00 | <2,121,920.33 | > | .00 | .00 | <38,203.14 | > | <929,014.23 | > | <34,227,387.61 | > | ||||||||||||||
NET | 582,746.72 | .00 | 2,916,780.51 | 28,721,798.59 | .00 | 503,020.20 | .00 | .00 | 120,023.86 | 745,474.57 | 33,589,844.45 | ||||||||||||||||||||||
GOODWILL, | .00 | .00 | .00 | 63,322,838.89 | .00 | .00 | .00 | 13,653,899.09 | .00 | .00 | 76,976,737.98 | ||||||||||||||||||||||
DEFERRED | .00 | .00 | .00 | .00 | <80,507.34 | > | .00 | .00 | .00 | .00 | .00 | <80,507.34 | > | ||||||||||||||||||||
OTHER | <2,627.86 | > | .00 | .00 | 5,866,348.28 | <827,542.94 | > | 13,500.00 | .00 | 5,478,297.76 | 310,695.28 | .00 | 10,838,670.52 | ||||||||||||||||||||
INTERCOMPANY | .00 | 836,825.47 | .00 | 91,720,331.60 | 51,852,627.25 | 2,655,623.46 | 4,854,658.65 | .00 | .00 | .00 | 151,920,066.43 | ||||||||||||||||||||||
TOTAL | 7,777,930.38 | 846,989.33 | 19,291,049.80 | 247,143,817.06 | 60,646,594.75 | 5,665,051.50 | 4,854,658.65 | 19,132,196.85 | 843,334.71 | 751,401.28 | 366,953,024.31 | ||||||||||||||||||||||
LIABILITIES | |||||||||||||||||||||||||||||||||
CURRENT | |||||||||||||||||||||||||||||||||
ACCOUNTS | 845,783.44 | 4,000.00 | 110,075.46 | 4,327,981.34 | .00 | 339,110.33 | .00 | .00 | .00 | .00 | 5,626,950.57 | ||||||||||||||||||||||
CUSTOMER | .00 | .00 | .00 | 121,416.00 | .00 | .00 | .00 | .00 | .00 | .00 | 121,416.00 | ||||||||||||||||||||||
BILLINGS IN | .00 | .00 | .00 | 475,646.45 | .00 | .00 | .00 | .00 | .00 | .00 | 475,646.45 | ||||||||||||||||||||||
ACCR. SALARY/ | 113,402.83 | .00 | 301,108.90 | 1,278,663.73 | .00 | 470,499.12 | .00 | .00 | .00 | .00 | 2,163,674.58 | ||||||||||||||||||||||
WARRANTY | 9,930.00 | .00 | .00 | 61,305.48 | .00 | .00 | .00 | .00 | .00 | .00 | 71,235.48 | ||||||||||||||||||||||
ACCRUED | .00 | .00 | .00 | .00 | .00 | 41,950.78 | .00 | .00 | .00 | .00 | 41,950.78 | ||||||||||||||||||||||
OTHER | 17,534.92 | .00 | 285,720.08 | 508,962.31 | .00 | 120,995.10 | .00 | .00 | .00 | .00 | 933,212.41 | ||||||||||||||||||||||
CURRENT | .00 | .00 | .00 | .00 | 1.00 | .00 | .00 | .00 | .00 | .00 | 1.00 | ||||||||||||||||||||||
PREPETITION | 1,079,069.22 | 3,259.00 | 6,884,324.39 | 18,270,187.23 | 9,278,009.77 | 3,614,165.59 | .00 | 1,557,000.00 | 32,079.05 | .00 | 40,718,094.25 | ||||||||||||||||||||||
TOTAL | 2,065,720.41 | 7,259.00 | 7,581,228.83 | 25,044,162.54 | 9,278,010.77 | 4,586,720.92 | .00 | 1,557,000.00 | 32,079.05 | .00 | 50,152,181.52 | ||||||||||||||||||||||
OTHER | .00 | .00 | .00 | 125,274.00 | .00 | 10,929.00 | .00 | .00 | .00 | .00 | 136,203.00 | ||||||||||||||||||||||
PREPETITION | <471,374.00 | > | .00 | 1,537,495.38 | 13,396,321.03 | 3,237,070.00 | 426,613.53 | .00 | 8,860,918.99 | <1,335.00 | > | 1,790,507.71 | 28,776,217.64 | ||||||||||||||||||||
PREPETITION | <5,399,702.42 | > | 866,762.16 | <95,079,520.99 | > | 352,154,803.66 | <252,244,755.22 | > | 15,125,340.08 | 6,700,871.13 | 3,743,234.32 | 1,015,796.57 | <34,728,431.96 | > | <7,845,602.67 | > | |||||||||||||||||
INTERCOMPANY | 299,114.35 | <19,488.52 | > | 681,766.14 | <583,623.79 | > | 1,124,407.17 | 603,105.43 | .00 | .00 | <46,048.43 | > | .00 | 2,059,232.35 | |||||||||||||||||||
PREPETITION | .00 | .00 | .00 | .00 | 257,814,168.62 | .00 | .00 | .00 | .00 | .00 | 257,814,168.62 | ||||||||||||||||||||||
TOTAL | <3,506,241.66 | > | 854,532.64 | <85,279,030.64 | > | 390,136,937.44 | 19,208,901.34 | 20,752,708.96 | 6,700,871.13 | 14,161,153.31 | 1,000,492.19 | <32,937,924.25 | > | 331,092,400.46 | |||||||||||||||||||
SERIES A | 3,940,330.00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | 3,940,330.00 | ||||||||||||||||||||||
SERIES AA | 6,320,000.00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | .00 | 6,320,000.00 | ||||||||||||||||||||||
SHAREHLDERS’ | |||||||||||||||||||||||||||||||||
COMMON | .00 | .00 | .00 | .00 | 266,160.62 | .00 | .00 | .00 | .00 | .00 | 266,160.62 | ||||||||||||||||||||||
TREASURY | .00 | .00 | .00 | .00 | <885,732.94 | > | .00 | .00 | .00 | .00 | .00 | <885,732.94 | > | ||||||||||||||||||||
SUBSIDIARY | 2,068,401.29 | .00 | 49,743,902.24 | 55,869,993.50 | .00 | 839,870.08 | .00 | 18,471,200.00 | .00 | 6,840.00 | 127,000,207.11 | ||||||||||||||||||||||
PAID-IN- | .00 | .00 | .00 | .00 | 49,651,174.98 | .00 | .00 | .00 | .00 | .00 | 49,651,174.98 | ||||||||||||||||||||||
FOR CURR | .00 | <29,963.78 | > | 4,402.81 | 693,935.87 | <33,265.32 | > | .00 | .00 | .00 | .00 | .00 | 635,109.58 | ||||||||||||||||||||
PENSION | .00 | .00 | <910,794.21 | > | <6,115,441.48 | > | .00 | .00 | .00 | .00 | .00 | <1,444,475.65 | > | <8,470,711.34 | > | ||||||||||||||||||
RETAINED | <3,572,195.59 | > | 25,535.78 | 47,883,531.00 | <188,778,218.51 | > | <4,499,500.96 | > | <2,936,190.01 | > | <1,826,038.87 | > | 234,353.58 | <136,749.26 | > | 30,669,970.04 | <122,935,502.80 | > | |||||||||||||||
RETAINED | 2,527,636.35 | <3,115.31 | > | 7,849,151.51 | <4,663,422.79 | > | <3,061,142.97 | > | <12,991,337.53 | > | <20,173.61 | > | <13,734,510.04 | > | <20,408.22 | > | 4,456,991.14 | <19,660,331.47 | > | ||||||||||||||
TOTAL | 11,284,172.05 | <7,543.31 | > | 104,570,193.35 | <142,993,153.41 | > | 41,437,693.41 | <15,087,657.46 | > | <1,846,212.48 | > | 4,971,043.54 | <157,157.48 | > | 33,689,325.53 | 35,860,703.74 | |||||||||||||||||
TOTAL | 7,777,930.39 | 846,989.33 | 19,291,162.71 | 247,143,784.03 | 60,646,594.75 | 5,665,051.50 | 4,854,658.65 | 19,132,196.85 | 843,334.71 | 751,401.28 | 366,953,104.20 | ||||||||||||||||||||||
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
STATUS OF POSTPETITION TAXES
(See Attached Sheets)
Chart Inc.
Status of Postpetition Taxes
Reporting Period: July 9 - 31, 2003
Beginning Tax Liability | Withheld or Accrued | Amount Paid | Ending Tax Liability | ||||||||
Federal | |||||||||||
Withholding | 0 | (159,339 | ) | 159,339 | 0 | ||||||
FICA-Employee | 0 | (110,260 | ) | 110,260 | 0 | ||||||
FICA-Employer | 0 | (110,261 | ) | 110,261 | 0 | ||||||
Unemployment | 0 | (175 | ) | 175 | 0 | ||||||
Income | 0 | 0 | 0 | 0 | |||||||
Other: Excise | 0 | (32,603 | ) | 0 | (32,603 | ) | |||||
Total Federal Taxes | 0 | (412,638 | ) | 380,035 | (32,603 | ) | |||||
State and Local | |||||||||||
Withholding | 0 | (58,738 | ) | 58,738 | 0 | ||||||
Sales | (292,705 | ) | (17,047 | ) | 67,425 | (242,327 | ) | ||||
Excise | 0 | 0 | 0 | 0 | |||||||
Unemployment | 0 | (9,895 | ) | 9,895 | 0 | ||||||
Real Property | 0 | 0 | 0 | 0 | |||||||
Personal Property | 0 | 0 | 0 | 0 | |||||||
Other: Income | (4,525 | ) | (20,000 | ) | 12,842 | (11,683 | ) | ||||
Other: Sales Tax Audit | (157,044 | ) | 0 | 3,073 | (153,971 | ) | |||||
Total State and Local | (454,274 | ) | (105,680 | ) | 151,973 | (407,981 | ) | ||||
Total Taxes | (454,274 | ) | (518,318 | ) | 532,008 | (440,584 | ) | ||||
CAIRE INC.
Status of Postpetition Taxes
Reporting Period: July 9 - 31, 2003
Beginning Tax Liability | Withheld or Accrued | Amount Paid | Ending Tax Liability | ||||||
Federal | |||||||||
Withholding | 0 | (7,658 | ) | 7,658 | 0 | ||||
FICA-Employee | 0 | (6,842 | ) | 6,842 | 0 | ||||
FICA-Employer | 0 | (6,842 | ) | 6,842 | 0 | ||||
Unemployment | 0 | (1,596 | ) | 1,596 | 0 | ||||
Income | 0 | 0 | 0 | 0 | |||||
Other: Excise | 0 | 0 | 0 | 0 | |||||
Total Federal Taxes | 0 | (22,938 | ) | 22,938 | 0 | ||||
State and Local | |||||||||
Withholding | 0 | (3,559 | ) | 3,559 | 0 | ||||
Sales | 22,574 | (3,895 | ) | 10,672 | 29,351 | ||||
Excise | 0 | 0 | |||||||
Unemployment | 0 | 0 | |||||||
Real Property | 0 | 0 | |||||||
Personal Property | 0 | 0 | |||||||
Other: | 0 | 0 | |||||||
Total State and Local | 22,574 | (7,454 | ) | 14,231 | 29,351 | ||||
Total Taxes | 22,574 | (30,392 | ) | 37,169 | 29,351 | ||||
Chart Heat Exchangers Limited Partnership
Status of Postpetition Taxes
Reporting Period: July 9 - 31, 2003
Beginning Tax Liability | Withheld or Accrued | Amount Paid | Ending Tax Liability | ||||||||
Federal | |||||||||||
Withholding | 0 | (37,838 | ) | 37,838 | 0 | ||||||
FICA-Employee | 0 | (27,797 | ) | 27,797 | 0 | ||||||
FICA-Employer | 0 | (27,798 | ) | 27,798 | 0 | ||||||
Unemployment | 0 | (60 | ) | 60 | 0 | ||||||
Income | 0 | 0 | 0 | 0 | |||||||
Other: | 0 | 0 | 0 | 0 | |||||||
Total Federal Taxes | 0 | (93,493 | ) | 93,493 | 0 | ||||||
State and Local | |||||||||||
Withholding | 0 | (19,537 | ) | 19,537 | 0 | ||||||
Sales | (55 | ) | (6 | ) | 0 | (61 | ) | ||||
Excise | 0 | 0 | 0 | 0 | |||||||
Unemployment | 0 | (915 | ) | 915 | 0 | ||||||
Real Property | (39,873 | ) | (8,184 | ) | 0 | (48,057 | ) | ||||
Personal Property | (6,219 | ) | (864 | ) | 0 | (7,083 | ) | ||||
Other: | 0 | 0 | 0 | 0 | |||||||
Total State and Local | (46,147 | ) | (29,506 | ) | 20,452 | (55,201 | ) | ||||
Total Taxes | (46,147 | ) | (122,999 | ) | 113,945 | (55,201 | ) | ||||
Chart Management Company, Inc.
Status of Postpetition Taxes
Reporting Period: July 9 - 31, 2003
Beginning Tax Liability | Withheld or Accrued | Amount Paid | Ending Tax Liability | ||||||||
Federal | |||||||||||
Withholding | 0 | 0 | 0 | 0 | |||||||
FICA-Employee | 0 | 0 | 0 | 0 | |||||||
FICA-Employer | 0 | 0 | 0 | 0 | |||||||
Unemployment | 0 | 0 | 0 | 0 | |||||||
Income | 0 | 0 | 0 | 0 | |||||||
Other: | 0 | 0 | 0 | 0 | |||||||
Total Federal Taxes | 0 | 0 | 0 | 0 | |||||||
State and Local | |||||||||||
Withholding | 0 | 0 | 0 | 0 | |||||||
Sales | 0 | 0 | 0 | 0 | |||||||
Excise | 0 | 0 | 0 | 0 | |||||||
Unemployment | 0 | 0 | 0 | 0 | |||||||
Real Property | 0 | 0 | 0 | 0 | |||||||
Personal Property | (3,553 | ) | 0 | 0 | (3,553 | ) | |||||
Other: Income | (4,525 | ) | (20,000 | ) | 12,842 | (11,683 | ) | ||||
Total State and Local | (8,078 | ) | (20,000 | ) | 12,842 | (15,236 | ) | ||||
Total Taxes | (8,078 | ) | (20,000 | ) | 12,842 | (15,236 | ) | ||||
Chart Leasing, Inc.
Status of Postpetition Taxes
Reporting Period: July 9 - 31, 2003
Beginning Tax Liability | Withheld or Accrued | Amount Paid | Ending Tax Liability | |||||
Federal | ||||||||
Withholding | 0 | 0 | 0 | 0 | ||||
FICA-Employee | 0 | 0 | 0 | 0 | ||||
FICA-Employer | 0 | 0 | 0 | 0 | ||||
Unemployment | 0 | 0 | 0 | 0 | ||||
Income | 0 | 0 | 0 | 0 | ||||
Other: | 0 | 0 | 0 | 0 | ||||
Total Federal Taxes | 0 | 0 | 0 | 0 | ||||
State and Local | ||||||||
Withholding | 0 | 0 | 0 | 0 | ||||
Sales | 0 | 0 | 0 | 0 | ||||
Excise | 0 | 0 | 0 | 0 | ||||
Unemployment | 0 | 0 | 0 | 0 | ||||
Real Property | 0 | 0 | 0 | 0 | ||||
Personal Property | 0 | 0 | 0 | 0 | ||||
Other: Income | 1,400 | 0 | 0 | 1,400 | ||||
Total State and Local | 1,400 | 0 | 0 | 1,400 | ||||
Total Taxes | 1,400 | 0 | 0 | 1,400 | ||||
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
SUMMARY OF UNPAID POSTPETITION DEBTS
(See Attached Sheet)
Chart Industries Inc.
Post Petition Liability Aging
as of July 31, 2003
Caire Inc. | Chart Asia | Chart Heat Exchangers L.P. | Chart Inc. | Chart Industries, Inc. | Chart Management | Chart Holding, | Chart International, | Chart Leasing, | Greenville Tube, LLP | Total | |||||||||||||||||||||||||||
Total Accounts Payable | $ | (845,783.44 | ) | $ | (4,000.00 | ) | $ | (110,075.46 | ) | $ | (4,327,980.95 | ) | $ | (339,110.35 | ) | $ | (5,626,950.20 | ) | |||||||||||||||||||
Customer Advances | (121,416.00 | ) | (121,416.00 | ) | |||||||||||||||||||||||||||||||||
Billings in Excess | (475,646.46 | ) | (475,646.46 | ) | |||||||||||||||||||||||||||||||||
Accr. Salary/Wages/Benefit | (113,402.83 | ) | (308,390.76 | ) | (1,278,663.65 | ) | (470,499.12 | ) | �� | (2,170,956.36 | ) | ||||||||||||||||||||||||||
Warranty Reserve | (9,930.00 | ) | (61,305.48 | ) | (71,235.48 | ) | |||||||||||||||||||||||||||||||
Deferred Income Tax - Cur. | |||||||||||||||||||||||||||||||||||||
Accrued Income Taxes | (41,950.78 | ) | (41,950.78 | ) | |||||||||||||||||||||||||||||||||
Other Current Liabilities | (17,534.92 | ) | (508,962.78 | ) | (120,995.10 | ) | (647,492.80 | ) | |||||||||||||||||||||||||||||
Total Current Liabilities | (986,651.19 | ) | (4,000.00 | ) | (418,466.22 | ) | (6,773,975.32 | ) | (972,555.35 | ) | (9,155,648.08 | ) | |||||||||||||||||||||||||
Other Non Current Liabilities | (125,274.00 | ) | (10,929.00 | ) | (136,203.00 | ) | |||||||||||||||||||||||||||||||
Intercompany Balances | (299,114.35 | ) | 19,488.52 | (548,296.44 | ) | 567,000.59 | $ | (1,107,784.45 | ) | (603,105.43 | ) | $ | 46,048.43 | (1,925,763.13 | ) | ||||||||||||||||||||||
Total Liabilities | $ | (1,285,765.54 | ) | $ | 15,488.52 | $ | (966,762.66 | ) | $ | (6,332,248.73 | ) | $ | (1,107,784.45 | ) | $ | (1,586,589.78 | ) | $ | 46,048.43 | $ | (11,217,614.21 | ) | |||||||||||||||
Note: All post-petition liabilities are current as of 7/31/03
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
(See Attached Sheet)
Chart Industries Inc.
A/R Rollforward by Legal Entity
As of July 31, 2003
Caire Inc. | Chart Heat Exchangers L.P. | Chart Inc. | Chart Industries, Inc. | Chart Management Company, Inc. | Chart Leasing, Inc. | ||||||||||||||||||
Beginning A/R | $ | 2,636,127 | $ | 5,243,283 | $ | 28,860,968 | $ | — | $ | — | $ | 394,507 | |||||||||||
Sales | 2,013,547 | 1,897,271 | 12,394,148 | — | — | — | |||||||||||||||||
Collections | (1,553,904 | ) | (1,717,227 | ) | (16,916,745 | ) | — | — | (57,588 | ) | |||||||||||||
Other | (16,812 | ) | (7,376 | ) | (437,707 | ) | — | — | — | ||||||||||||||
Ending A/R Trade | 3,078,958 | 5,415,951 | 23,900,664 | — | — | 336,920 | |||||||||||||||||
Other Items | 10,335 | — | (83,978 | ) | |||||||||||||||||||
Allowance for Doubtful Accts | (768,184 | ) | |||||||||||||||||||||
A/R Trade, Net | $ | 3,089,293 | $ | 5,415,951 | $ | 23,816,686 | $ | (768,184 | ) | $ | — | $ | 336,920 | ||||||||||
Chart Industries Inc.
Aged Accounts Reeivable
As of July 31, 2003
Caire Inc. | Chart Heat Exchangers L.P. | Chart Inc. | Chart Industries, Inc. | Chart Management Company, Inc. | Chart Leasing, Inc. | |||||||||||||
0 - 30 | $ | 1,850,665 | $ | 2,162,831 | $ | 12,298,990 | $ | — | $ | — | $ | — | ||||||
31 - 60 | 702,757 | 1,399,270 | 6,071,050 | 0 | 0 | 0 | ||||||||||||
61 - 90 | 377,202 | 369,878 | 2,315,636 | 0 | 0 | 0 | ||||||||||||
91 - 120 | 54,720 | 1,158,328 | 822,824 | 0 | 0 | 0 | ||||||||||||
121 - 180 | 58,352 | 320,420 | 1,526,488 | 0 | 0 | 0 | ||||||||||||
Over 180 | 35,261 | 5,223 | 865,976 | 0 | 0 | 336,920 | ||||||||||||
TOTAL | $ | 3,078,958 | $ | 5,415,951 | $ | 23,900,964 | $ | — | $ | — | $ | 336,920 | ||||||
United States Bankruptcy Court
District of Delaware
In re Chart Industries, Inc.,etal. | Case No. 03-12114 (JWV) | |
Reporting Period: 7/8/03-7/31/03 |
DEBTOR QUESTIONNAIRE
Must be completed each month | Yes | No | ||
Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. | X | |||
Have any funds been disbursed from any account other than a debtor-in-possession account this reporting period? If yes, provide an explanation below.4 | n/a | |||
Have all postpetition tax returns been timely filed? If no, provide an explanation below. | X | |||
Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. | X |
4 | Pursuant to the Order Under 11 U.S.C. §§ 363, 1107 and 1108 (I) Authorizing Continued Use of Existing (A) Bank Accounts, (B) Business Forms and (C) Cash Management System, (II) Authorizing Intercompany Transactions and (III) Granting Superpriority Claim Status to All Postpetition Intercompany Claims (Docket No. 32), the Debtors are authorized to maintain their existing bank accounts and cash management system and are exempted from the requirement that they open new debtor-in-possession bank accounts. |