AIR EXPRESS INTERNATIONAL CORPORATION AND SUBSIDIARIES
PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
(Unaudited)
March 31, 1995
(000)
Air Express Purchase
International RADIX Accounting
03/31/95 04/30/95 Adjustments Pro forma
ASSETS
Current Assets:
Cash $ 41,384 $ 1,686 (1)$ (500) $ 42,570
Accounts receivable-net 207,586 31,223 - 238,809
Other current assets 3,724 814 (1) (146) 4,392
Total current assets 252,694 33,723 (646) 285,771
Property,plant and equipment - net 45,184 3,019 (1) (757) 47,446
Goodwill 54,239 - (1) 24,781 79,020
Other 36,775 1,267 (1) 831 38,873
Total assets $388,892 $ 38,009 $24,209 $451,110
LIABILITIES
Current Liabilities:
Current portion of long-term debt $ 2,518 $ 1,343 $ - $ 3,861
Bank overdrafts payable 1,228 - - 1,228
Transportation payables 98,051 - - 98,051
Accounts payable 38,384 31,449 - 69,833
Accrued liabilities 53,957 995 (1) 4,531 59,483
Total current liabilities 194,138 33,787 4,531 232,456
Long-term debt 86,278 - - 86,278
Other liabilities 3,390 410 (1) (410) 3,390
Total liabilities 283,806 34,197 4,121 322,124
Stockholders' investment 105,086 3,812 (1) 20,088 128,986
Total liabilities and equity $388,892 $ 38,009 $24,209 $451,110
EX99-D