Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
WESTERN DISTRICT OF PENNSYLVANIA
In re: Carbide Graphite Group, Inc., et al.
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Debtors
Case Numbers: 01-0029744 through 01-00297448 MBM
Reporting Period: June 1 to June 30, 2002
MONTHLY OPERATING REPORT
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DOCUMENT EXPLANATION
REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED
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Schedule of Cash Receipts and Disbursements MOR-1 X
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Bank Reconciliation (or copies of debtor's bank reconciliation) MOR-1 (CON'T) X
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Copies of bank statements X
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Cash disbursements journal X
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Statement of Operations MOR-2 X
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Balance Sheet MOR-3 X
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Status of Postpetition Taxes MOR-4 X
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Copies of IRS Form 6123 or payment receipt X
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Copies of tax returns filed during reporting period X
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Summary of Unpaid Postpetition Debts MOR-5 X
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Listing of aged accounts payable X
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Accounts Receivable Reconciliation and Aging MOR-5 X
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Debtor Questionnaire MOR-6 X
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I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
/s/ William M. Thalman 26-Jul-02
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Signature of Debtor Date
William M. Thalman VP-Treasurer
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Printed Name of Debtor Title
CARBIDE/GRAPHITE GROUP, INC.
MOR-1
A schedule of cash receipts and disbursements was completed and is available by
request
Bank reconciliations were performed and are available by request
Bank statements are available by request
The cash disbursements by legal entity are listed below
DISBURSEMENTS BY LEGAL ENTITY JUNE-02
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Legal Entity
The Carbide/Graphite Group, Inc. $ 8,279,179
Seadrift Coke, L.P. $ 3,513,995
Carbon/Graphite International, Inc. (FSC) less than $ 15,000
CG Specialty Products Management Corporation less than $ 15,000
Carbide/Graphite Management Corporation less than $ 15,000
CARBIDE/GRAPHITE GROUP, INC.
MOR-2
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED JUNE 30, 2002
(#'S IN '000S)
Sales $ 12,615
Cost of goods sold 12,886
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Gross profit (271)
SG&A 820
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Operating income before items below (1,091)
Other compensation -
Other (income) expense, net 169
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Operating income/(loss) (1,260)
Non-operating expenses (income):
Special financing costs -
Interest expense 1,242
Other non-operating (income)/expense -
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Income/(loss) before income taxes (2,502)
Provision for income taxes (2,236)
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Net income (loss) from continuing operations (266)
Extraordinary loss on early extinguishment of debt
net of tax benefit -
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Net income (loss) $ (266)
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Est. earnings per share data:
Income excluding other items $ (0.02)
Income before discontinued operations $ (0.03)
Extraordinary loss $ -
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Net income per share $ (0.03)
Weighted average shares 8,331,342
CARBIDE/GRAPHITE GROUP, INC.
MOR-3
CONSOLIDATED BALANCE SHEET AS AT JUNE 30, 2002
(#'S IN '000S)
ASSETS
Current assets:
Cash & short term investments $ -
Marketable securities 0
Accounts receivable
Accounts receivable 31,279
Allowance for doubtful accts (3,460)
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Net accounts receivable 27,819
Inventory
Gross inventory 63,691
Obsolescence reserve (739)
Lifo reserve (15,432)
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Net inventory 47,520
Prepaid expenses 1,980
Other current assets 3,929
Deferred tax asset 0
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Total current assets 81,248
Fixed assets:
Gross 351,005
Accumulated depreciation (242,561)
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Net fixed assets 108,444
Other assets 6,514
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TOTAL ASSETS $ 196,206
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LIABILITIES
Current liabilities: 27,722
Trade accounts payable $ 471
Overdrafts 37,658
Other current liabilities 132,722
Debt - Current 198,573
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Total current liabilities (2,367)
Long-term debt:
Senior notes 0
Line of credit 0
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Total long -term debt 0
Long term reserves 15,748
Deferred revenue 1,080
Deferred tax provision 0
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TOTAL LIABILITIES 215,401
SHAREHOLDERS' EQUITY
Common stock 99
Additional paid in capital 36,712
Treasury stock, at cost (11,207)
Common stock to be issued under warrants 3,424
Unfunded pension obligation (4,893)
Other comprehensive income 0
Retained earnings (43,330)
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TOTAL SHAREHOLDERS' EQUITY (19,195)
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TOTAL LIABILITIES AND S.H. EQUITY $ 196,206
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THE CARBIDE/GRAPHITE GROUP INC.
DEBTOR
CASE # 01-29744-MBM
STATUS OF POSTPETITION TAXES
REPORT PERIOD - JUNE 2002
Beginning Amount Ending
Tax Withheld or Amount Date Check No. Tax
Liability Accrued Paid Paid or EFT Liability
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FEDERAL
Withholding 0.00 343,079.62 43,362.65 6/11/2002 ** 0.00
63,233.12 6/14/2002 **
62,925.43 6/17/2002 **
41,030.88 6/25/2002 **
71,497.88 6/28/2002 **
61,029.66 7/1/2002 **
0.00 188,716.44 24,157.21 37418 ** 0.02
FICA - Employee 37,189.29 6/14/2002 **
32,480.39 6/17/2002 **
22,694.91 6/25/2002 **
40,630.86 6/28/2002 **
31,563.76 7/1/2002 **
0.00 189,343.17 24,278.59 6/11/2002 ** 0.01
37,509.68 37421 **
FICA - Employer 32,480.45 6/17/2002 **
22,721.27 6/25/2002 **
40,789.40 6/28/2002 **
31,563.77 7/1/2002 **
1,244.04 319.51 0.00 1,563.55
0.00 0.00 0.00
Unemployment
Income
1,244.04 721,458.74 721,139.20 1,563.58
Other:
Total Federal Taxes 543.36 90,633.81 91,177.80 See Attached (0.63)
STATE AND LOCAL 0.00 22,669.69 6,446.62 37427 306088 0.00
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Withholding 6,686.75 EFT 78301/04309 (1)
9,536.32 37428 503501
Sales
0.00 0.00 0.00 0.00
14,904.11 3,798.88 0 See Attached 18,702.99
Excise
0.00 0.00
Unemployment (2)
0.00 0.00
Real Property
Personal Property
15,447.47 117,102.38 113,847.49 18,702.36
Other:
16,691.51 838,561.12 834,986.69 20,265.94
Total State and Local Taxes
Total Taxes ** ADP Statement of Deposits Attached
(1) SIT Due
(2) SUI Due KY 4026.86
NY 2647.31
NC 2.6
PA 12,026.23
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18,703.00
SEADRIFT COKE L.P.
DEBTOR
CASE # 01-29744-MBM
STATUS OF POSTPETITION TAXES
REPORT PERIOD - JUNE 2002
Beginning Amount Ending
Tax Withheld or Amount Check No. Tax
Liability Accrued Paid or EFT Liability
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FEDERAL
Withholding - 56,249.37 27,948.36 6/11/2002 ** (0.00)
28,301.01 6/25/2002 **
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FICA - Employee - 33,432.64 16,795.16 6/11/2002 ** 0.06
16,637.42 6/25/2002 **
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FICA - Employer 0.01 33,432.54 16,795.14 6/11/2002 ** (0.06)
16,637.47 6/25/2002 **
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Unemployment 2.74 - - ** 2.74
Income -
Other:
Total Federal Taxes 2.75 123,114.55 123,114.56 2.74
STATE AND LOCAL
Withholding - -
Sales - 2,938.67 2,938.67 6/12/2002 42057 -
Excise - -
Unemployment 170.85 0.01 - ** 170.86
Real Property - -
Personal Property - -
Other: - -
Total State and Local Taxes 170.85 2,938.68 2,938.67 170.86
Total Taxes 173.60 126,053.23 126,053.23 173.60
** ADP Statement of Deposits Attached
MOR-5
THE CARBIDE/GRAPHITE GROUP, INC.
CONSOLIDATED ACCOUNTS PAYABLE AGING
JUNE 30, 2002
TOTAL 0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS 91 - 120 DAYS PRE-PETITION
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$ 24,233,071 $ 446,160 $ 1,604,483 $ 1,422,037 $ (1,233) $20,761,625
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A summary of unpaid post petition debts has been completed and is available
upon request
THE CARBIDE/GRAPHITE GROUP, INC.
CONSOLIDATED ACCOUNTS RECEIVABLE AGING
JUNE 30, 2002
0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS 91 - 120 DAYS OVER 120 DAYS
TOTAL OUTSTANDING OUTSTANDING OUTSTANDING OUTSTANDING OUTSTANDING
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$ 23,028,246 $13,880,893 $ 4,473,748 $ 813,881 $ 711,279 $ 3,148,446
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An accounts receivable reconciliation has been completed and is available upon
request.
THE CARBIDE/GRAPHITE GROUP, INC.
MOR-6
DEBTOR QESTIONNAIRE
JUNE 30, 2002
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Yes No
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1. Have any assets been sold or transferred outside the
normal course of business this reporting period?
If yes, provide and explanation below. X
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2. Have any funds been disbursed from any account other
than a debtor in possession account this reporting
period? If yes, provide and explanation below. X
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3. Have all postpetition tax returns been timely filed?
If no, provide and explanation below. X
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4. Are workers compensation, general liability and other
necessary insurance coverages in effect? If no,
provide an explanation below. X
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