EXHIBIT 99.5
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
IN RE FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 45 days after
end of the period
Submit copy of report to any official committee appointed in the case.
DOCUMENT EXPLANATION
REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED
Schedule of Cash Receipts and Disbursements MOR - 1 - -
Weekly Receipts & Disbursements A X
Cash Disbursements by Petitioning Entity B X
Bank Account Information C X
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
(See Tax Affidavit) - X
Copies of tax returns filed during reporting period
(See Tax Affidavit) - X
Summary of Unpaid Postpetition Debts MOR - 4 X
Summary Accounts Receivable Aging MOR - 5 X
Debtor Questionnaire MOR - 5 X
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.
RESPONSIBLE PARTY:
/s/ Rebecca A. Roof Interim Chief Financial Officer
- --------------------------------- -------------------------------
Signature of Responsible Party Title
Rebecca A. Roof 9/23/2003
- --------------------------------- -------------------------------
Printed name of Responsible Party Date
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
NOTES TO THE MONTHLY OPERATING REPORT
GENERAL
The report includes activity from the following Debtors and related Case Numbers
[1] [2] [3] [4] [5] [6] [7] [8] [9] [10]:
DEBTOR CASE NUMBER
------ -----------
INCLUDED IN FLEMING SECTION OF THE MOR AS APPLICABLE:
Fleming Companies, Inc. 03-10945
ABCO Food Group, Inc. 03-10946
ABCO Markets, Inc. 03-10947
ABCO Realty Corp. 03-10948
Favar Concepts, Ltd. 03-10953
Fleming Foods Management Co., L.L.C. 03-10954
Fleming Foods of Texas, L.P. 03-10955
Fleming International, Ltd. 03-10956
Fleming Transportation Service, Inc. 03-10957
Fleming Supermarkets of Florida, Inc. 03-10958
Food 4 Less Beverage Company, Inc. 03-10959
FuelServ, Inc. 03-10960
Piggly Wiggly Company 03-10965
Progressive Realty, Inc. 03-10966
Rainbow Food Group, Inc. 03-10967
Retail Investments, Inc. 03-10968
Retail Supermarkets, Inc. 03-10970
RFS Marketing Services, Inc. 03-10971
Richmar Foods, Inc. 03-10972
Dunigan Fuels, Inc. 03-10973
INCLUDED IN CORE-MARK SECTION OF THE MOR AS APPLICABLE [11]:
Core-Mark International, Inc. 03-10944
ASI Office Automation, Inc. 03-10949
Core-Mark Mid-Continent, Inc. 03-10950
Core-Mark Interrelated Companies, Inc. 03-10951
C/M Products, Inc. 03-10952
General Acceptance Corporation 03-10961
Marquise Ventures Company, Inc. 03-10962
Head Distributing Company 03-10963
Minter Weisman Co. 03-10964
NOTES:
[1] All information contained within this Monthly Operating Report is
subject to change upon further reconciliation.
[2] "the Company" refers to Fleming Companies, Inc. and its related
subsidiaries.
[3] Within this Monthly Operating Report Core-Mark's Eastern Divisions or
"Fleming 7" refers to Head Distributing Company, Minter-Weisman, and
the Marshfield, Chicago, Altoona and Leitchfield divisions included
within Fleming Companies, Inc.
[4] Period 3 refers to February 23, 2003 through March 22, 2003.
[5] Period 4 refers to March 23, 2003 through April 19, 2003.
[6] Period 5 refers to April 20, 2003 through May 17, 2003.
[7] Period 6 refers to May 18, 2003 through June 14, 2003.
[8] Period 7 refers to June 15 through July 12, 2003.
[9] Period 8 refers to July 13 through August 9, 2003.
[10] The Monthly Operating Report excludes financial activity related to
non-Debtor entities (i.e., Cerespan.com and Choteau Development
Company, LLC).
[11] Core-Mark entities are on a different reporting schedule with period 8
reflecting a Balance Sheet as of July 31, 2003. The Statement of
Operations has been estimated through August 9, 2003 to be consistent
with Fleming.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
WEEKLY RECEIPTS AND DISBURSEMENTS [1]
(DOLLARS IN 000'S)
CURRENT CUMULATIVE
WEEK 1 WEEK 2 WEEK 3 WEEK 4 [2] PERIOD TOTAL FILING TO DATE
------------------------------------------------------------------------------------
CASH RECEIPTS:
Fleming Receipts $ 74,603 $ 61,067 $ 52,174 N/A $ 187,844 $ 1,896,868
Core-Mark Receipts [3] 85,825 78,987 62,907 N/A 227,720 1,536,393
Asset / Excess Inventory Sales & Other [4] 12,298 2,223 5,906 N/A 20,428 246,357
- -----------------------------------------------------------------------------------------------------------------------------------
ACTUAL RECEIPTS $ 172,726 $ 142,277 $ 120,988 $ - $ 435,991 $ 3,679,617
- -----------------------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming $ (48,269) $ (46,178) $ (36,414) N/A $ (130,861) $ (1,504,556)
Material Purchases - Core-Mark (61,933) (56,662) (40,617) N/A (159,212) (1,203,156)
Tax Disbursements - Cigarettes (12,088) (10,343) (11,858) N/A (34,289) (203,686)
Tax Disbursements - Other (778) (193) (77) N/A (1,048) (6,884)
Employee & Payroll (10,387) (7,753) (5,638) N/A (23,777) (229,538)
Lease & Recurring Costs (1,593) (1,094) (1,801) N/A (4,488) (67,911)
Other Operating Costs (9,506) (7,767) (4,354) N/A (21,627) (175,402)
- -----------------------------------------------------------------------------------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (144,554) $ (129,989) $ (100,759) $ - $ (375,302) $ (3,391,133)
- -----------------------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [5] $ - $ - $ - N/A $ - $ (77,492)
Capita] Expenditures - - - N/A - (2,216)
Restructuring & Professional Fees (1,729) (1,096) (1,576) N/A (4,401) (12,395)
Interest & Financing - (1) (1,800) N/A (1,800) (70,352)
Other Non-Operating Costs - - - N/A - -
- -----------------------------------------------------------------------------------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (1,729) $ (1,097) $ (3,376) $ - $ (6,201) $ (162,455)
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
TOTAL ACTUAL DISBURSEMENTS $ (146,284) $ (131,086) $ (104,134) $ - $ (381,504) $ (3,553,588)
- -----------------------------------------------------------------------------------------------------------------------------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD
COLUMN)
TOTAL DISBURSEMENTS (381,504)
LESS: Transfers to Debtor in Possession Accounts -
PLUS: Estate Disbursements Made By Outside Sources (i.e. from escrow accounts) -
----------
TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES $ (381,504)
----------
NOTES
[1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's
July 13 through July 31 receipts and disbursements.
[2] Per agreement with the U.S. Trustee, cash receipts and disbursements
related to July 13 through July 31 were only included. Therefore, Week
4 was excluded as the cash receipts and disbursements related to August
2003.
[3] Core-Mark Receipts Cumulative Filing to Date balance has been reduced
by approximately $1.8 million as a result of Canadian payments that
were made in period 6 but not recorded as a disbursement in the period
6 Monthly Operating Report.
[4] In prior Monthly Operating Reports the Asset / Excess Inventory Sales
Receipts and Other Receipts were shown separately. This Monthly
Operating Reports combines the two.
[5] The period 8 Monthly Operating report (including the period 4 through 7
Monthly Operating Reports previously filed) includes within the
DSD/Critical Vendor/PACA Payments, among others, DSD and PACA
disbursements made to segregated escrow accounts for future
disbursement. The DSD and PACA escrow disbursements do not represent
actual DSD and PACA settlement disbursements made during the period,
only those funds set aside in escrow.
FORM MOR - 1A
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
CASH DISBURSEMENTS BY PETITIONING ENTITY [1]
(DOLLARS IN 000'S)
CUMULATIVE FILING TO
PETITIONING ENTITIES CASE NUMBER CURRENT PERIOD TOTAL DATE
- -------------------- ----------- -------------------- --------------------
Core-Mark International, Inc. 03-10944 $ (174,293) $ (1,094,467)
Fleming Companies, Inc. 03-10945 (133,865) (1,730,183)
ABCO Food Group, Inc. 03-10946 - -
ABCO Markets, Inc. 03-10947 - -
ABCO Realty Corp. 03-10948 - -
ASI Office Automation, Inc. 03-10949 - -
Core-Mark Mid-Continent, Inc. 03-10950 (30,500) (217,391)
Core-Mark Interrelated Companies, Inc. 03-10951 (5,508) (35,904)
C/M Products, Inc. 03-10952 - -
Favar Concepts, Ltd. 03-10953 - (667)
Fleming Foods Management Co., L.L.C. 03-10954 - -
Fleming Foods of Texas, L.P. 03-10955 (6,382) (106,867)
Fleming International, Ltd. 03-10956 (206) (1,379)
Fleming Transportation Service, Inc. 03-10957 (28) (46)
Fleming Supermarkets of Florida, Inc. 03-10958 - -
Food 4 Less Beverage Company, Inc. 03-10959 - -
Fuelserv, Inc. 03-10960 - -
General Acceptance Corporation 03-10961 - -
Marquise Ventures Company, Inc. 03-10962 - -
Head Distributing Company 03-10963 (5,663) (33,282)
Minter Weisman Co. 03-10964 (15,994) (84,989)
Piggly Wiggly Company 03-10965 (145) (537)
Progressive Realty, Inc. 03-10966 - (4)
Rainbow Food Group, Inc. 03-10967 (190) (31,709)
Retail Investments, Inc. 03-10968 (9,347) (145,010)
Retail Supermarkets, Inc. 03-10970 - -
RFS Marketing Services, Inc. 03-10971 - -
Richmar Foods, Inc. 03-10972 618 (70,742)
Dunigan Fuels, Inc. 03-10973 - (412)
-------------------- --------------------
TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (381,504) $ (3,553,588)
-------------------- --------------------
NOTES
[1] Employee and Payroll disbursements, per the Weekly Receipts and
Disbursements schedule, were not available on an entity by entity
basis. As a result, the total Core-Mark and Fleming Employee and
Payroll disbursements for 7/13/03 - 7/31/03 (approximately $11.8
million for Fleming and approximately $10.0 million for Core-Mark) were
allocated to the related Fleming and Core-Mark entities based on the %
of each entities total sales to total Fleming Sales/Core-Mark sales. In
particular, Core-Mark's disbursements were allocated to the 9 entities
(Head Distributing and Minter Weisman are not included in Fleming's
payroll total as of Period 7) and Fleming's disbursements to the 20
Fleming entities.
[2] Total cash disbursements provided by both Core-Mark and Fleming during
the period did not agree to Total Actual Disbursements on the Weekly
Receipts and Disbursement schedule. Therefore, the difference was
allocated between the Core-Mark and Fleming entities based on each
entities % of total cash disbursements prior to allocation.
[3] Total Actual Disbursements contain Core-Mark's and Fleming's
disbursements for 7/13/03 - 7/31/03 for the Current Period and for
4/1/03 - 7/31/03 for the Cumulative Filing to Date.
FORM MOR - 1B
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BANK ACCOUNT INFORMATION
ACCOUNT
PETITIONING ENTITIES BANK NUMBER TYPE
- ------------------------------------------------------------------------------------------
Fleming Companies, Inc. Bank of America 1257001012 Depository
Fleming Companies, Inc. Bank of America 1257401015 Depository
Fleming Companies, Inc. Bank of America 1257601014 Depository
Fleming Companies, Inc. Bank of America 1376034850 Depository
Fleming Companies, Inc. Bank of America 1595458455 Depository
Fleming Companies, Inc. Bank of America 3750955004 Depository
Fleming Companies, Inc. Bank of America 3751022745 Depository
Fleming Companies, Inc. Bank of America 3751278599 Depository
Fleming Companies, Inc. Bank of America 3751279446 Depository
Fleming Companies, Inc. Bank of America 3751281308 Depository
Fleming Companies, Inc. Bank of America 3751301107 Depository
Fleming Companies, Inc. Bank of America 3751372819 Depository
Fleming Companies, Inc. Bank of America 3751508777 Depository
Fleming Companies, Inc. Bank of America 3751525640 Depository
Fleming Companies, Inc. Bank of America 3751525666 Depository
Fleming Companies, Inc. Bank of America 3751572091 Depository
Fleming Companies, Inc. Bank of America 3751589327 Depository
Fleming Companies, Inc. Bank of America 3751847056 Depository
Fleming Companies, Inc. Bank of America 3751889438 Depository
Fleming Companies, Inc. Bank of America 3751917397 Depository
Fleming Companies, Inc. Bank of America 8188007359 Depository
Fleming Companies, Inc. Bank of America 8188812687 Depository
Fleming Companies, Inc. Bank One 10148350 Disbursement
Fleming Companies, Inc. Bank One 10218510 Depository
Fleming Companies, Inc. Bank One 622743383 Depository
Fleming Companies, Inc. First Hawaiian Bank 53015409 Depository
Fleming Companies, Inc. JP Morgan 6300030353 Disbursement
Fleming Companies, Inc. JP Morgan 6300035972 Disbursement
Fleming Companies, Inc. JP Morgan 6300036129 Disbursement
Fleming Companies, Inc. JP Morgan 6300036160 Disbursement
Fleming Companies, Inc. JP Morgan 6300062117 Disbursement
Fleming Companies, Inc. JP Morgan 6300064998 Disbursement
Fleming Companies, Inc. JP Morgan 6300065052 Disbursement
Fleming Companies, Inc. IP Morgan 6300065086 Disbursement
Fleming Companies, Inc. JP Morgan 8805174594 Disbursement
Fleming Companies, Inc. JP Morgan 8805175195 Depository
Fleming Companies, Inc. JP Morgan 8805175609 Depository
Fleming Companies, Inc. JP Morgan 8805222781 Depository
Fleming Companies, Inc. JP Morgan 8805223029 Disbursement
Fleming Companies, Inc. JP Morgan 8806170047 Disbursement
Fleming Companies, Inc. JP Morgan 8806212427 Depository
Fleming Companies, Inc. JP Morgan 8806212435 Depository
Fleming Companies, Inc. JP Morgan 8806212468 Depository
Fleming Companies, Inc. JP Morgan 8806212583 Depository
Fleming Companies, Inc. JP Morgan 8806212591 Depository
Fleming Companies, Inc. JP Morgan 8806231716 Depository
Fleming Companies, Inc. JP Morgan 8806231732 Depository
Fleming Companies, Inc. JP Morgan 8806232185 Depository
Fleming Companies, Inc. JP Morgan 8806232193 Depository
Fleming Companies, Inc. JP Morgan 8806232201 Depository
Fleming Companies, Inc. JP Morgan 8806232219 Depository
Fleming Companies, Inc. JP Morgan 8806232227 Depository
Fleming Companies, Inc. JP Morgan 8806232805 Depository
Fleming Companies, Inc. JP Morgan 8806247712 Depository
Fleming Companies, Inc. JP Morgan 8806257778 Depository
Fleming Companies, Inc. JP Morgan 8806258271 Depository/Disbursement
Fleming Companies, Inc. JP Morgan 8806258339 Depository
Fleming Companies, Inc. JP Morgan 8806289524 Depository
Fleming Companies, Inc. JP Morgan 8806290175 Depository
Fleming Companies, Inc. JP Morgan 8806319784 Depository
Fleming Companies, Inc. JP Morgan 8806322283 Depository/Disbursement
Fleming Companies, Inc. JP Morgan 8806322309 Depository
Fleming Companies, Inc. JP Morgan 8806362925 Disbursement
Fleming Companies, Inc. JP Morgan 8806362933 Disbursement
Fleming Companies, Inc. JP Morgan 8806362958 Depository/Disbursement
Fleming Companies, Inc. JP Morgan 8806363428 Depository
Fleming Companies, Inc. JP Morgan 8806370886 Disbursement
FORM MOR - IC
ACCOUNT
PETITIONING ENTITIES BANK NUMBER TYPE
- --------------------------------------------------------------------------------------------------
Fleming Companies, Inc. M&I 12263119 Depository
Fleming Companies, Inc. M&I 13004134 Depository
Fleming Companies, Inc. M&I 14133911 Depository
Fleming Companies, Inc. M&I 18241234 Depository
Fleming Companies, Inc. Manufacturers Trust 12001749 Depository
Fleming Companies, Inc. Waukesha 2726887 Disbursement
Fleming Companies, Inc. Waukesha 10428672 Depository
Fleming Companies, Inc. Waukesha 10478473 Depository
Fleming Companies, Inc. Wells Fargo 6355025116 Depository
Fleming Companies, Inc. Wells Fargo 6355045387 Depository
Core-Mark International, Inc Adel Banking Co 15797201 Disbursement
Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement
Core-Mark International, Inc Bank Of Montreal 7600000313 Depository/Disbursement
Core-Mark International, Inc Bank Of Montreal 7601102397 Disbursement
Core-Mark International, Inc Bank Of Montreal 7601154963 Disbursement
Core-Mark International, Inc Bank Of Montreal 7604601086 FX Swap Funding Acct
Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement
Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement
Core-Mark International, Inc Bank One 1113117 Depository
Core-Mark International, Inc JP Morgan 323252028 Depository
Core-Mark International, Inc JP Morgan 8806322317 Depository
Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement
Core-Mark International, Inc Scotia Bank 112390010715 Depository
Core-Mark International, Inc Scotia Bank 4052700104313 Depository
Core-Mark International, Inc Scotia Bank 714800001414 Depository
Core-Mark International, Inc Scotia Bank 714800000914 Depository
Core-Mark International, Inc Scotia Bank 714800011312 Depository
Core-Mark International, Inc Washington Trust Bank 1001823194 Depository
Core-Mark International, Inc Wells Fargo 4091220731 Depository
Core-Mark International, Inc Wells Fargo 4128523081 Depository
Core-Mark International, Inc Wells Fargo 4159287788 Depository
Core-Mark International, Inc Wells Fargo 4159555366 Depository
Core-Mark International, Inc Wells Fargo 4159688902 Depository
Core-Mark International, Inc Wells Fargo 4311848436 Depository
Core-Mark International, Inc Wells Fargo 4311848584 Disbursement
Core-Mark International, Inc Wells Fargo 4496851460 Depository
Core-Mark International, Inc Wells Fargo 4518099999 Depository
Core-Mark International, Inc Wells Fargo 4518100110 Depository
Core-Mark International, Inc Wells Fargo 4518100177 Depository
Core-Mark International, Inc Wells Fargo 4518100235 Depository
Core-Mark International, Inc Wells Fargo 4518110564 Disbursement
Core-Mark International, Inc Wells Fargo 4758355309 Depository
Core-Mark International, Inc Wells Fargo 4759613938 Disbursement
Core-Mark International, Inc Wells Fargo 4801900069 Depository
Core-Mark International, Inc Wells Fargo 4801908815 Depository
Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement
Core-Mark International, Inc Wilson & Muir 7516436 Depository
Head Distributing Co. Bank Of America 3752010688 Depository
Head Distributing Co. Suntrust 8801337430 Depository
Head Distributing Co. Union Planters Bank 3500594164 Depository
Minter Weisman Bank of America 3299781296 Disbursement
Plymouth (minter weisman) US Bank 160234449926 Depository
Retail Investment, Inc. JP Morgan 860900985 Depository/Disbursement
FORM MOR - IC
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] AUGUST 9, 2003
- --------------------------------------------------------------
NET SALES $ 370,033
COSTS AND EXPENSES: [3]
Cost of sales (354,927)
Selling and administrative (11,841)
Reorganization items, net (95)
Interest expense (231)
Interest income and other 129
Impairment/restructuring charges (1,496)
Litigation charges -
- --------------------------------------------------------------
TOTAL COSTS AND EXPENSES (368,461)
- --------------------------------------------------------------
Income/(Loss) before income taxes 1,572
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 1,572
- --------------------------------------------------------------
DISCONTINUED OPERATIONS: [4]
Income/(Loss) before income taxes (39,343)
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (39,343)
- --------------------------------------------------------------
- --------------------------------------------------------------
NET INCOME/(LOSS) $ (37,771)
- --------------------------------------------------------------
NOTES
[1] Results of certain legal entities have been approximated to the 28 days
from July 13,2003 through August 9,2003. See additional detail
explanation on each Statement of Operations.
[2] Excludes Abco Markets, Inc., Abco Realty, Corp., ASI Office Automation,
Inc., C/M Products, Inc., Fleming Foods Management Co., L.L.C., Food 4
Less Beverage Company, Inc., FuelServ, Inc., General Acceptance
Corporation, Marquise Ventures Company, Inc. and Retail Supermarkets,
Inc. as these entities had no activity during the period. Further, the
related entities Statement of Operations are excluded from the Monthly
Operating Report. RFS Marketing Services, Inc.'s Statement of
Operations was included as RFS Marketing Services, Inc.'s balance sheet
was included in the Monthly Operating Report.
[3] Certain expenses are recorded each period using estimates, then
reviewed and adjusted at the end of a quarter (i.e., self-insurance
reserves, allowance for bad debts, etc.).
[4] Continuing Operations as of Period 8, 2003 includes only the
convenience business (or Core-Mark, including the Fleming 7). All other
businesses have been reclassified as Discontinued Operations as
required by SFAS 146.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
ABCO FOOD GROUP, INC. AUGUST 9, 2003
- --------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- --------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- --------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (29)
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (29)
- --------------------------------------------------------------
- --------------------------------------------------------------
NET INCOME/(LOSS) $ (29)
- --------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
CORE-MARK INTERNATIONAL, INC. AUGUST 9, 2003
- --------------------------------------------------------------
NET SALES $ 235,731
COSTS AND EXPENSES:
Cost of sales (227,105)
Selling and administrative (5,280)
Reorganization items, net (93)
Interest expense (22)
Interest income and other 121
Impairment/restructuring charges (145)
Litigation charges -
- --------------------------------------------------------------
TOTAL COSTS AND EXPENSES (232,525)
- --------------------------------------------------------------
Income/(Loss) before income taxes 3,206
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 3,206
- --------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------
- --------------------------------------------------------------
NET INCOME/(LOSS) $ 3,206
- --------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
July 31, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
CORE-MARK INTERRELATED COMPANIES, INC. AUGUST 9, 2003
- --------------------------------------------------------------
NET SALES $ 7,632
COSTS AND EXPENSES:
Cost of sales (7,322)
Selling and administrative (100)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------
TOTAL COSTS AND EXPENSES (7,423)
- --------------------------------------------------------------
Income/(Loss) before income taxes 210
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 210
- --------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------
- --------------------------------------------------------------
NET INCOME/(LOSS) $ 210
- --------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
July 31, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
CORE-MARK MID-CONTINENT, INC. AUGUST 9, 2003
- --------------------------------------------------------------
NET SALES $ 47,853
COSTS AND EXPENSES:
Cost of sales (46,307)
Selling and administrative (621)
Reorganization items, net -
Interest expense -
Interest income and other 5
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------
TOTAL COSTS AND EXPENSES (46,923)
- --------------------------------------------------------------
Income/(Loss) before income taxes 930
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 930
- --------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------
- --------------------------------------------------------------
NET INCOME/(LOSS) $ 930
- --------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
July 31, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
DUNIGAN FUELS, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes 579
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 579
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ 579
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FAVAR CONCEPTS, LTD AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (46)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (46)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (46)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING COMPANIES, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ 38,947
COSTS AND EXPENSES:
Cost of sales (37,224)
Selling and administrative (2,790)
Reorganization items, net (2)
Interest expense (209)
Interest income and other -
Impairment/restructuring charges (1,351)
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (41,575)
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes (2,628)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (2,628)
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (38,777)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (38,777)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (41,405)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for the continuing operations of this legal
entity (four convenience divisions) was for the 31 days ended July
31, 2003; adjustments have been made to this Statement of Operations to
approximate results for the 28 days ended August 9, 2003. The period of
results for the discontinued operations of this legal entity was for 28
days ended August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING FOODS OF TEXAS, L.P. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (1,807)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1,807)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (1,807)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING INTERNATIONAL, LTD AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes 25
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 25
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ 25
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING SUPERMARKETS OF FLORIDA, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (3)
Taxes on income/(Loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (3)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (3)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING SUPERMARKETS OF FLORIDA, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (3)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (3)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (3)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
FLEMING TRANSPORTATION SERVICES, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (129)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (129)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (129)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
HEAD DISTRIBUTING COMPANY AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ 11,942
COSTS AND EXPENSES:
Cost of sales (11,045)
Selling and administrative (1,330)
Reorganization items, net -
Interest expense -
Interest income and other 2
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (12,372)
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes (431)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (431)
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (431)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
July 31, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
MINTER-WEISMAN CO. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ 27,929
COSTS AND EXPENSES:
Cost of sales (25,923)
Selling and administrative (1,721)
Reorganization items, net -
Interest expense -
Interest income and other 1
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (27,643)
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes 285
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 285
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ 285
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
July 31, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
PIGGLY WIGGLY COMPANY AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(Loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes 280
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 280
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ 280
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
PROGRESSIVE REALTY, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ -
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations
for all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
RAINBOW FOOD GROUP, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (952)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (952)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (952)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for
all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
RETAIL INVESTMENTS, INC. AUGUST 9, 2003
- -----------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (1)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (1)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for
all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
RFS MARKETING SERVICES, INC. AUGUST 9, 2003
- -----------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOMC/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ -
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for
all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
JULY 13, 2003 -
RICHMAR FOODS, INC. AUGUST 9, 2003
- -----------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes 1,517
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 1,517
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ 1,517
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
August 9, 2003.
[2] Refer to Fleming Companies, Inc. & Subsidiaries Statement of Operations for
all financial statement footnotes.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES. INC. & SUBSIDIARIES [2] AUGUST 9, 2003
- --------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 286,966
Receivables, net [3] 687,226
Inventories 199,067
Assets held for sale [4] 550,911
Other current assets 34,105
- ------------------------------------------------------------------------
TOTAL CURRENT ASSETS 1,758,275
- ------------------------------------------------------------------------
Investments and notes receivable, net 2,164
Investment in direct financing leases -
- ------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 53,992
- ------------------------------------------------------------------------
Other assets 149,468
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL ASSETS $ 1,963,899
- ------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable [3] $ 94,135
Liabilities held for sale 19,129
Other current liabilities 30,188
- ------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 143,452
- ------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 129,703
Other liabilities 9,140
Liabilities subject to compromise [5] [6] 3,092,812
Net intercompany due to (from) [7] (13,957)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 708,200
Reinvested earnings (deficit) (2,114,136)
Accumulated other comprehensive income:
Additional minimum pension liability (129,215)
Cumulative foreign currency translation adjustment 1,679
- ------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,397,251)
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,963,899
- ------------------------------------------------------------------------
FORM MOR - 3
LIABILITIES SUBJECT TO COMPROMISE [5] [6]
Debt and notes payable [8] [9] $ 1,858,616
Accounts payable [10] [15] 732,201
Closed store reserves [11] 40,272
Other liabilities [12] [16] 196,321
Pension obligation [13] [17] 226,408
Taxes payable [14] [18] 38,994
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 3,092,812
LIABILITIES SUBJECT TO COMPROMISE ASSUMPTIONS
GENERAL
[1] The period close for certain legal entities was as of August 9, 2003 and as
of July 31, 2003 for other legal entities. See additional detail
explanation on each Balance Sheet.
[2] Excludes Abco Markets, Inc., Abco Realty, Corp., ASI Office Automation,
Inc., C/M Products, Inc., Fleming Foods Management Co., L.L.C., Food 4 Less
Beverage Company, Inc., FuelServ, Inc., General Acceptance Corporation,
Marquise Ventures Company, Inc. and Retail Supermarkets, Inc. as these
entities had no activity. Further, the related Balance Sheets are excluded
from the Monthly Operating Report.
[3] The accounts payable balance as of August 9 includes vendor deductions for
PRADS, military, advertising and other vendor related deductions. Any
resulting net debit balance, for each legal entity, in accounts payable has
been reclassified to accounts receivable.
[4] Continuing Operations as of Period 8, 2003 includes only the convenience
business (or Core-Mark, including the Fleming 7). Assets of all other
businesses have been reclassified as Assets Held for Sale and liabilities
as Liabilities Held for Sale as required by SFAS 146.
[5] Liabilities Subject to Compromise is comprised of prepetition Long-term
Debt, Accounts payable, Closed store reserves, Other liabilities, Pension
obligation and Taxes payable. Certain of the balances have been estimated.
See additional detail explanations on each balance sheet.
[6] The Company may have paid certain prepetition liabilities. Not all payments
made related to prepetition debts are reflected in the Liabilities Subject
to Compromise. As a result, the Liabilities Subject to Compromise may be
inflated by certain reclasses made between Accounts Payable and Accounts
Receivable (see note 3).
[7] The Net Intercompany Due To (From) line on the entity level balance sheets
(except for Fleming Companies, Inc.) will also include that entity's net
equity.
[8] The senior notes, convertible senior notes, and senior subordinated notes
are guaranteed by substantially all of Fleming's wholly-owned direct and
indirect subsidiaries. The guarantees are joint and several, full, complete
and unconditional. Within the Monthly Operating Report all related amounts
are reflected on the Fleming Companies, Inc. legal entity.
FLEMING ENTITIES
[9] Debt and notes payable includes bonds, revolver and term Loan and related
accrued interest. The debt and notes payable (excluding accrued interest)
are period 8 balances. Accrued interest relates to all prepetition debt
included in Liabilities Subject to Compromise.
[10] Accounts payable includes trade payables, retailer incentives and accrued
expenses. Trade payables and accrued expenses less accrued insurance were
taken from the SOFA schedules (excludes Richmar Foods, Inc., Dunigan Fuels,
Inc., Favar Concepts, Ltd., Fleming Transportation Service, Inc., Piggly
Wiggly Company and RFS Marketing Services, Inc.) Richmar Foods, Inc.'s
balance represents a detailed review of the accounts payable trial balance
which was performed after the filing of the SOFA schedules. Dunigan Fuels,
Inc. is a period 4 balance. Favar Concepts, Ltd., Fleming Transportation
Service, Inc., Piggly Wiggly Company and RFS Marketing Services, Inc. are
period 3 balances plus 9/28ths of the net activity for period 4 (9 of the
28 days in period 4 were prepetition). Accrued insurance is a period 3
balance. Retailer incentives is a period 3 balance plus 9/28ths of the net
activity for period 4.
[11] Close store reserves are period 8 balances.
[12] Other liabilities includes accrued compensation, accrued severance, union
pension withdrawal liabilities, other current liabilities, deferred income,
and other long-term liabilities. Other current liabilities, other long-term
liabilities and deferred income are period 3 balances plus 9/28ths of the
net activity for period 4. Accrued Compensation and union pension
withdrawal liabilities are period 4 balances (excludes vacation pay which
is the amount earned in excess of the $4,650 cap by employees terminated in
periods 4 through 8). Accrued severance was taken from the SOFA schedules.
[13] Pension obligation is a period 8 balance less an estimated amount of
$500,000 per period as postpetition.
[14] Taxes payable includes income taxes and taxes other than income. Income tax
liability is a period 4 balance. Taxes other than income is a period 3
balance plus 9/28ths of the net activity for period 4. Cigarette taxes
payable is included in accounts payable.
CORE-MARK ENTITIES
[15] Accounts payable includes trade payables, retailer incentives and accrued
expenses. Accounts payable is a period 4 balance (excludes Head
Distributing Company which is per the SOFA schedule). Retailer incentives,
accrued expenses (including accrued insurance) are period 4 balances.
[16] Other liabilities, which include accrued compensation, other current
liabilities and other long-term liabilities, are period 4 balances.
[17] Pension obligation is a period 8 balance less an estimated amount provided
by Core-Mark for postpetition.
[18] Taxes payable includes income taxes and taxes other than income. Income tax
liability and taxes other than income are period 4 balances. Cigarette
taxes payable is included in accounts payable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
ABCO FOOD GROUP, INC. AUGUST 9, 2003
- --------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net -
Inventories -
Assets held for sale -
Other current assets 3
- ------------------------------------------------------------------------
TOTAL CURRENT ASSETS 3
- ------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- ------------------------------------------------------------------------
Other assets 2
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL ASSETS $ 5
- ------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,325
Net intercompany due to (from) (1,320)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- ------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 5
- ------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 25
Closed store reserves -
Other liabilities 1,300
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,325
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERNATIONAL, INC. JULY 31, 2003
- -------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 122,150
Receivables, net 206,692
Inventories 102,559
Assets held for sale -
Other current assets 7,561
- ------------------------------------------------------------------------
TOTAL CURRENT ASSETS 438,962
- ------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 20,920
- ------------------------------------------------------------------------
Other assets 40,667
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL ASSETS $ 500,549
- ------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 19,706
- ------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 19,706
- ------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Labilities subject to compromise 192,848
Net intercompany due to (from) 287,995
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- ------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 500,549
- ------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 171,661
Closed store reserves -
Other liabilities 6,798
Pension obligation 5,578
Taxes payable 8,811
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 192,848
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] All liabilities were reclassified as Liabilities Subject to Compromise as
of March 31, 2003 (period 4) except for specific postpetition liabilities,
primarily payroll related. Adjustments were made in period 8 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERRELATED COMPANIES, INC. JULY 31, 2003
- -------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 2
Receivables, net 2,465
Inventories 9,949
Assets held for sale -
Other current assets 26
- ------------------------------------------------------------------------
TOTAL CURRENT ASSETS 12,442
- ------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 338
- ------------------------------------------------------------------------
Other assets -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL ASSETS $ 12,780
- ------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 159
Liabilities held for sale -
Other current liabilities 242
- ------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 401
- ------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,031
Net intercompany due to (from) 11,348
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- ------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 12,780
- ------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 1,031
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,031
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] All liabilities were reclassified as Liabilities Subject to Compromise as
of March 31, 2003 (period 4) except for specific postpetition liabilities,
primarily payroll related. Adjustments were made in period 8 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK MID-CONTINENT, INC. JULY 31, 2003
- -------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 90
Receivables, net 25,989
Inventories 25,470
Assets held for sale -
Other current assets 1,816
- ------------------------------------------------------------------------
TOTAL CURRENT ASSETS 53,365
- ------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 12,104
- ------------------------------------------------------------------------
Other assets 3,105
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL ASSETS $ 68,574
- ------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES:
Accounts payable $ 10,901
Liabilities held for sale -
Other current liabilities 555
- ------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 11,456
- ------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,075
Net intercompany due to (from) 52,043
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- ------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 68,574
- ------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 4,212
Closed store reserves 844
Other liabilities -
Pension obligation 19
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,075
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] All liabilities were reclassified as Liabilities Subject to Compromise as
of March 31, 2003 (period 4) except for specific postpetition liabilities,
primarily payroll related. Adjustments were made in period 8 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
DUNIGAN FUELS, INC. AUGUST 9, 2003
- -------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 3,065
Inventories -
Assets held for sale -
Other current assets -
- ------------------------------------------------------------------------
TOTAL CURRENT ASSETS 3,065
- ------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- ------------------------------------------------------------------------
Other assets -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL ASSETS $ 3,065
- ------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 8,867
Net intercompany due to (from) (5,802)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- ------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------
- ------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,065
- ------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 8,695
Closed store reserves 172
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 8,867
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FAVAR CONCEPTS. LTD AUGUST 9, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net -
Inventories -
Assets held for sale -
Other current assets -
- -------------------------------------------------------------------------
TOTAL CURRENT ASSETS -
- -------------------------------------------------------------------------
Investments and notes -
receivable, net
Investment in direct
financing leases -
- -------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- -------------------------------------------------------------------------
Other assets -
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
TOTAL ASSETS $ -
- -------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 98
Liabilities held for sale -
Other current liabilities -
- -------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 98
- -------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 459
Net intercompany due to (from) (557)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- -------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ -
- -------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 459
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
-----
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 459
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 164,492
Receivables, net 327,724
Inventories 26,697
ASSETS held for sale 464,036
Other current assets 20,352
- ----------------------------------------------------------------------
TOTAL CURRENT ASSETS 1,003,301
- ----------------------------------------------------------------------
Investments and notes receivable, net 2,164
Investment in direct financing leases -
- ----------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 14,798
- ----------------------------------------------------------------------
Other assets 95,522
- ----------------------------------------------------------------------
- ----------------------------------------------------------------------
TOTAL ASSETS $ 1,115,785
- ----------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 54,439
Liabilities held for sale 19,129
Other current liabilities 7,472
- ----------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 81,040
- ----------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 93,571
Other liabilities 7,594
Liabilities subject to compromise 2,780,136
Net intercompany due to (from)
(449,305)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 708,200
Reinvested earnings (deficit) (2,114,136)
Accumulated other comprehensive income:
Additional minimum pension liability (129,215)
Cumulative foreign currency translation adjustment 1,679
- ----------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $(1,397,251)
- ----------------------------------------------------------------------
- ----------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,115,785
- ----------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ 1,858,616
Accounts payable 453,748
Closed store reserves 40,100
Other liabilities 184,360
Pension obligation 219,210
Taxes payable 24,102
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,780,136
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for the continuing operations of this legal entity (four
convenience divisions) was as of July 31,2003, and for the discontinued
operations as of August 9,2003; therefore all liabilities were reviewed
with prepetition amounts reclassified as Liabilities Subject to Compromise.
Estimates were made on certain accounts where the breakout was not
determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING FOODS OF TEXAS, L.P. AUGUST 9, 2003
- ----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 59,516
Inventories -
Assets held for sale 47,751
Other current assets 1,145
- -------------------------------------------------------------------------
TOTAL CURRENT ASSETS 108,412
- -------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- -------------------------------------------------------------------------
Other assets 8,427
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
TOTAL ASSETS $116,839
- -------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 489
- -------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 489
- -------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 2,322
Other liabilities -
Liabilities subject to compromise 43,442
Met intercompany due to (from) 70,586
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income:
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- -------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $116,839
- -------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 42,027
Closed store reserves -
Other liabilities 805
Pension obligation -
Taxes payable 610
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 43,442
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9,2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING INTERNATIONAL, LTD AUGUST 9, 2003
- --------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 802
Inventories -
Assets held for sale -
Other current assets 50
- ---------------------------------------------------------------------
TOTAL CURRENT ASSETS 852
- ---------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- ---------------------------------------------------------------------
Other assets 48
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
TOTAL ASSETS $900
- ---------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
- ---------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ---------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 900
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- ---------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $900
- ---------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable -
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
----
TOTAL LIABILITIES SUBJECT TO COMPROMISE -
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9,2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING SUPERMARKETS OF FLORIDA, INC. AUGUST 9, 2003
- ------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 720
Inventories -
Assets held for sale -
Other current assets -
- -------------------------------------------------------------------------
TOTAL CURRENT ASSETS 720
- -------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- -------------------------------------------------------------------------
Other assets -
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
TOTAL ASSETS $720
- -------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
- -------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- -------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 720
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- -------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- -------------------------------------------------------------------------
- -------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $720
- -------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable -
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
----
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ -
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9,2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING TRANSPORTATION SERVICES, INC. AUGUST 9, 2003
- ---------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 1,687
Inventories -
Assets held for sale 5,828
Other current assets 52
- -----------------------------------------------------------
TOTAL CURRENT ASSETS 7,567
- -----------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- -----------------------------------------------------------
Other assets -
- -----------------------------------------------------------
- -----------------------------------------------------------
TOTAL ASSETS $7,567
- -----------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 262
Liabilities held for sale -
Other current liabilities 504
- -----------------------------------------------------------
TOTAL CURRENT LIABILITIES 766
- -----------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 242
Net intercompany due to (from) 6,559
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation
adjustment -
- -----------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- -----------------------------------------------------------
- -----------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $7,567
- -----------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 208
Closed store reserves -
Other liabilities 25
Pension obligation -
Taxes payable 9
------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 242
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
HEAD DISTRIBUTING COMPANY JULY 31, 2003
- ---------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 16,617
Inventories 19,787
Assets held for sale -
Other current assets 598
- ------------------------------------------------------------
TOTAL CURRENT ASSETS 37,002
- ------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 3,526
- ------------------------------------------------------------
Other assets 1,096
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL ASSETS $41,624
- ------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 2,391
Liabilities held for sale -
Other current liabilities 711
- ------------------------------------------------------------
TOTAL CURRENT LIABILITIES 3,102
- ------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 7,416
Net intercompany due to (from) 31,106
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation
adjustment -
- ------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $41,624
- ------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 7,485
Closed store reserves -
Other liabilities (95)
Pension obligation -
Taxes payable 26
-------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,416
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] All liabilities were reclassified as Liabilities Subject to Compromise as
of March 31, 2003 (period 4) except for specific postpetition liabilities,
primarily payroll related. Adjustments were made in period 8 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
MINTER-WEISMAN CO. JULY 31, 2003
- ---------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 219
Receivables, net 18,023
Inventories 14,605
Assets held for sale -
Other current assets 898
- ------------------------------------------------------------
TOTAL CURRENT ASSETS 33,745
- ------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------
NET PROPERTY AND EQUIPMENT 2,306
- ------------------------------------------------------------
Other assets 488
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL ASSETS $36,539
- ------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $25,876
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------
TOTAL CURRENT LIABILITIES 25,876
- ------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 6,017
Net intercompany due to (from) 4,646
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation
adjustment -
- ------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $36,539
- ------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 5,794
Closed store reserves -
Other liabilities 208
Pension obligation -
Taxes payable 15
-------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,017
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] All liabilities were reclassified as Liabilities Subject to Compromise
as of March 31, 2003 (period 4) except for specific postpetition
liabilities, primarily payroll related. Adjustments were made in
period 8 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PIGGLY WIGGLY COMPANY AUGUST 9, 2003
- ----------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 1,334
Inventories -
Assets held for sale 1,010
Other current assets 110
- ------------------------------------------------------------
TOTAL CURRENT ASSETS 2,454
- ------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- ------------------------------------------------------------
Other assets -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL ASSETS $ 2,454
- ------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 16
- ------------------------------------------------------------
TOTAL CURRENT LIABILITIES 16
- ------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 597
Net intercompany due to (from) 1,841
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income: -
Additional minimum pension liability -
Cumulative foreign currency translation
adjustment -
- ------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,454
- ------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 597
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
-------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 597
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore
all liabilities were reviewed with prepetition amounts reclassified
as Liabilities Subject to Compromise. Estimates were made on certain
accounts where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PROGRESSIVE REALTY, INC. AUGUST 9, 2003
- ----------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net -
Inventories -
Assets held for sale -
Other current assets -
- ------------------------------------------------------------
TOTAL CURRENT ASSETS -
- ------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- ------------------------------------------------------------
Other assets -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL ASSETS $ -
- ------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 9
Liabilities held for sale -
Other current liabilities 290
- ------------------------------------------------------------
TOTAL CURRENT LIABILITIES 299
- ------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,220
Net intercompany due to (from) (1,519)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation
adjustment -
- ------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable -
Closed store reserves -
Other liabilities 1,220
Pension obligation -
Taxes payable -
-------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,220
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore
all liabilities were reviewed with prepetition amounts reclassified
as Liabilities Subject to Compromise. Estimates were made on certain
accounts where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RAINBOW FOOD GROUP, INC. AUGUST 9, 2003
- ---------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 9,677
Inventories -
Assets held for sale 21,827
Other current assets 1,493
- ------------------------------------------------------------
TOTAL CURRENT ASSETS 32,997
- ------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- ------------------------------------------------------------
Other assets 80
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL ASSETS $ 33,077
- ------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 23,563
Other liabilities -
Liabilities subject to compromise 27,049
Net intercompany due to (from) (17,535)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation
adjustment -
- ------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------
- ------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 33,077
- ------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 23,578
Closed store reserves -
Other liabilities 201
Pension obligation 1,570
Taxes payable 1,700
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 27,049
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassifled as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RETAIL INVESTMENTS, INC. AUGUST 9, 2003
- --------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 1
Receivables, net -
Inventories -
Assets held for sale -
Other current assets -
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 1
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- --------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 1
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 3
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 3
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) (2)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- --------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable -
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
--------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ -
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9,2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03-8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RFS MARKETING SERVICES, INC. AUGUST 9, 2003
- --------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 12
Receivables, net 23
Inventories -
Assets held for sale -
Other current assets 1
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 36
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- --------------------------------------------------------------------------------
Other assets 33
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 69
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) -
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income: -
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- --------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 69
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 30
Closed store reserves -
Other liabilities 23
Pension obligation -
Taxes payable -
--------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 53
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9,2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RICHMAR FOODS, INC. AUGUST 9, 2003
- --------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 12,892
Inventories -
Assets held for sale 10,459
Other current assets -
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 23,351
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
NET PROPERTY AND EQUIPMENT -
- --------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 23,351
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable -
Liabilities held for sale -
Other current liabilities 200
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 200
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 10,247
Other liabilities 1,546
Liabilities subject to compromise 17,035
Net intercompany due to (from) (5,677)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- --------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 23,351
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 12,651
Closed store reserves -
Other liabilities 632
Pension obligation 50
Taxes payable 3,702
--------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 17,035
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was August 9, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout was not determinable.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
(DOLLARS IN 000'S)
STATUS OF POSTPETITION TAXES
The beginning tax liability should be the ending liability from the prior month
or, if this is the first report, the amount should be zero.
- -------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX
FLEMING LIABILITY ACCRUED PAID [11] LIABILITY
- -------------------------------------------------------------------------------------------
FEDERAL
- -------------------------------------------------------------------------------------------
Payroll Taxes [1] $ (212) $ (4,102) $ 4,242 (72)
- -------------------------------------------------------------------------------------------
Income 65 (975) (28) (938)
- -------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES $ (148) $ (5,076) $ 4,214 $ (1,010)
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
STATE AND LOCAL
- -------------------------------------------------------------------------------------------
Payroll Taxes [1] $ (1,311) $ (515) $ 1,448 (378)
- -------------------------------------------------------------------------------------------
Sales [2] (2,126) (904) 2,360 (670)
- -------------------------------------------------------------------------------------------
Excise [2] (44) (10) 10 (45)
- -------------------------------------------------------------------------------------------
Real & Personal Property [3] (12,404) - 1,230 (11,173)
- -------------------------------------------------------------------------------------------
Cigarette & Tobacco [4] - (853) 853 -
- -------------------------------------------------------------------------------------------
Franchise [2] (216) (75) 1 (291)
- -------------------------------------------------------------------------------------------
Total State and Local $ (16,102) $ (2,357) $ 5,902 $ (12,557)
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
TOTAL TAXES $ (16,250) $ (7,434) $ 10,116 $ (13,567)
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX
CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY
- -------------------------------------------------------------------------------------------
FEDERAL
- -------------------------------------------------------------------------------------------
Payroll Taxes [1] $ (307) $ (2,803) $ 2,679 $ (431)
- -------------------------------------------------------------------------------------------
Income - - - -
- -------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES $ (307) $ (2,803) $ 2,679 $ (431)
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
STATE AND LOCAL
- -------------------------------------------------------------------------------------------
Payroll Taxes [1] $ (0) (338) 355 17
- -------------------------------------------------------------------------------------------
Sales (34) (41) 37 (38)
- -------------------------------------------------------------------------------------------
Excise (321) (247) 143 (425)
- -------------------------------------------------------------------------------------------
Real & Personal Property [3] (270) (106) 2 (374)
- -------------------------------------------------------------------------------------------
Cigarette & Tobacco (44,362) (90,593) 86,624 (48,331)
- -------------------------------------------------------------------------------------------
Other: GST [5] (2,174) (1,834) 1,923 (2,085)
- -------------------------------------------------------------------------------------------
Other: Spokane & Portland B&O Tax [6] (94) (83) - (177)
- -------------------------------------------------------------------------------------------
Total State and Local $ (47,254) $ (93,243) $ 89,084 $ (51,413)
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
TOTAL TAXES $ (47,561) $ (96,046) $ 91,763 $ (51,844)
- -------------------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
- -------------------------------------------------------------------------------------------
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT
- -------------------------------------------------------------------------------------------
Current $ -
- -------------------------------------------------------------------------------------------
0 - 30 days [7] 83,075
- -------------------------------------------------------------------------------------------
31 - 60 days -
- -------------------------------------------------------------------------------------------
61 - 90 days -
- -------------------------------------------------------------------------------------------
91+ days -
- -------------------------------------------------------------------------------------------
Total Accounts Payable [8] $ 83,075
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT
- -------------------------------------------------------------------------------------------
Current $ -
- -------------------------------------------------------------------------------------------
0 - 30 days [7] [10] 11,060
- -------------------------------------------------------------------------------------------
31 - 60 days -
- -------------------------------------------------------------------------------------------
61 - 90 days -
- -------------------------------------------------------------------------------------------
91+ days -
- -------------------------------------------------------------------------------------------
Total Accounts Payable [8] $ 11,060
- -------------------------------------------------------------------------------------------
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS.
Fleming Companies, Inc. and its related subsidiaries do not have material past
due postpetition debts. However, those debts that are past due will be paid
through the ordinary course of business. Further, Fleming Companies, Inc.
anticipates it will incur certain contract cure costs related to those contracts
assigned to C&S Wholesale Grocers, Inc. as a result of the sale of Fleming
Companies, Inc.'s wholesale grocery operations.
NOTES
[1] Payroll taxes include all employer and employee payroll related items
withheld and accrued. Further, Fleming's payroll taxes, both federal and
state, include Core-Mark's seven Eastern divisions.
[2] Sales, Excise and Franchise postpetition taxes are calculated by adding to
the period 7 balance the net accrual increase/decrease in period 8. As a
result of further review of period 4, 5, 6 and 7 Monthly Operating Reports,
adjustments were made to the Ending Sales Tax Liability balances and were
reflected in the above Beginning Tax Liability Balance. As a result, Sales
Ending Tax Liability balance in period 7 was increased by $2,000.
[3] Fleming's postpetition Real and personal property taxes include 275/365 of
2003 (April 2003 through December 2003) taxes and 2004 taxes. Additionally,
Core-Mark's Real & personal property taxes excludes Plymouth as it is
included in Fleming. All other Eastern divisions are included in Core-Mark.
[4] Cigarette and tobacco tax data was not available on an accrual basis. The
period 8 expense was recorded as the accrual and the expense amount.
[5] GST refers to Canadian Goods and Service Taxes.
[6] B&O tax refers to Business and Occupational taxes for Spokane and Portland
only.
[7] Fleming and Core-mark were unable to provide an Accounts Payable Aging.
Therefore, Accounts Payable is shown as 30 days old. Fleming's aging
includes Head and Minter-Weisman.
[8] Accounts Payable per the Balance Sheet includes trade accounts payable,
retailer incentives and other accrued expenses.
[9] Core-Mark's postpetition taxes and Accounts Payable data is for Core-Mark's
period 8 which is July 1, 2003 through July 31, 2003.
[10] Core-Mark's Accounts Payable Aging excludes the "Fleming 7" entities.
[11] Amount Paid represents the periods total other adjustments, amounts paid
and amount received.
FORM MOR - 4
[ERNST & YOUNG LLP LETTERHEAD]
Fleming Companies, Inc. et al.
Cast Nos. 03-01944 - 03-10973 (MFW Jointly Administered)
Reporting Period: 7/13/2003 to 8/09/2003
TAX AFFIDAVIT
By order of this Court dated May 6, 2003, Ernst & Young (E&Y) has been retained
to provide certain tax services to the Debtors (the "Tax Services"), E&Y
provided the Tax Services pursuant to the terms and conditions set forth in the
engagement letter attached hereto as Ex. A which was allowed under the May 6,
2003 Bankruptcy Court Order of E&Y retention. Pursuant to this retention order,
E&Y assists the Debtor with the following tax services during the reporting
period on behalf of Fleming Companies, Inc. and affiliates ("the Debtor"):
- Prepare certain federal Income, state income, state franchise, gross
receipts and net worth tax returns and provide them to management of
the Debtor for signature;
- Prepare certain sales, excise, and use tax returns for U.S., state and
local governments and provide then to management of the Debtor for
filing;
- Provide certain property tax returns prepared by third party
consultants to management of the Debtor for filing;
- Prepare certain property tax returns and provide them to management of
the Debtor for filing; and
- Update a tax filing calendar for certain income, franchise, sales and
use, cigarette, tobacco, and other miscellaneous taxes, and business
license filings and provide it to Debtor's management for review and
approval.
The Debtor's management is responsible for establishing and maintaining its tax
system and procedures.
During the reporting period, the following returns were not timely filed due to
incomplete information at the time the returns were due. These returns have
subsequently been filed with the appropriate jurisdictions.
June 2003 City of Mobile Cigarette Return--Geneva Division;
June 2003 Florida Cigarette Return--Geneva Division;
June 2003 Goorgin Cigarette Return--Geneva Division;
June 2003 Louisiana Strawberry Tax Return--Lafayette Division;
June 2003 Mississippi Cigarette/Tobacco Return--Memphis Division;
June 2003 Delaware Cigarette Return--Northeast Maryland Division;
June 2003 Maryland Cigarette Return--Northeast Maryland Division;
June 2003 Maryland Tobacco Return--Northeast Maryland Division;
June 2003 Pennsylvania Cigarette Return--Northeast Maryland Division;
June 2003 Arkansas Cigarette Licensed wholesaler Return--Tulsa Division;
June 2003 Kansas Egg Tax Return--Tulsa Division;
June 2003 Missouri Cigarette Return--Tulsa Division; and
June 2003 Oklahoma Cigarette Return--Tulsa Division.
The following return was due July 21, 2003 and is still awaiting final
information in order to be filed with the Alabama jurisdiction;
June 2003 Alabama Cigarette Return--Geneva Division.
To the bent of my knowledge, E&Y has completed the above mentioned activities
related to the tax returns covered by the engagement letter which are
required to be prepared or filed by the Fleming Companies, Inc. and its
affiliates during the reporting period referenced above.
September 19, 2003 /s/ Lisa P. Shield
- --------------------- -----------------------------------
Date Lisa P. Shield, Partner
April 8,2003
Mr. Mark Shapiro
Chief Financial Officer
Fleming Companies, Inc.
1945 Lakepointe Dr.
Lewisville, Texas 75057
Tax Operate Engagement Letter
Dear Mr. Shapiro:
This letter will confirm the engagement of Ernst & Young LLP ("E&Y") to provide
Tax Outsourcing and Operations Services ("Services") described below to Fleming
Companies, Inc. and affiliates ("the Company") subsequent to its filing a
Chapter 11 petition in the United States Bankruptcy Court for the District of
Delaware (the "Bankruptcy Court").
This Agreement sets out the scope and timing of those Services and the fee
arrangements for our work. These services will commence upon approval by the
Bankruptcy Court and remain in effect until the earlier of April 1,2008 or such
time as the Company emerges from Chapter 11.
We have agreed to provide such Services, contingent upon the Bankruptcy Court's
approving our retention, in accordance with the terms and conditions which are
set forth in the Agreement
SCOPE OF SERVICES
We will provide to the Company the Services described in Attachment 1 ("the
Services"), which may be modified from time to time by our mutual written
consent, subject to the terms of this Agreement, the attached Supplemental Terms
and Conditions, and approval of the Bankruptcy Court.
The Company's management is responsible for establishing and maintaining its tax
system and procedures and directing the tax function. It will: (1) designate the
appropriate individual to be responsible for the tax function; (2) determine the
scope and frequency of all Services to be performed; (3) provide us with
accurate, timely information and appropriate resources to enable us to perform
Services; (4) maintain books and records as required by law and as is necessary
to support any positions taken on any tax return included within the scope of
this engagement in the event of any taxing authority examination; and (5)
evaluate the adequacy of the tax procedures performed.
The Management Liaison will assist in recommending tax services to be provided
by E&Y to the Company. The Management Liaison is responsible for decisions
regarding tax services to be performed.
Mr. Mazk Shapiro Page 2
Fleming Companies, Inc. April 8, 2003
Our advice and services are only applicable to the specific facts presented to
us. This agreement expressly authorizes the Company to disclose every aspect of
our advice and Services with any and all persons, without limitation. However,
because our advice is solely for the benefit of the Company and is not to be
relied upon by any other persons, as part of any such disclosure the Company
must inform all such persons that they may not rely upon our advice without our
written consent.
The Company consents to the disclosure of its tax return information to E&Y, its
partners, and employees, for the purpose of rendering tax and accounting
services to clients. We will not disclose or otherwise use this information for
any purpose other than that described in this letter or as allowed under the
laws of the applicable jurisdictions.
Information regarding federal tax advice provided to you, communications between
us, and material we create in the course of providing that advice, may be
privileged and protected from disclosure to Internal Revenue Service (IRS). If
IRS seeks disclosure from you or us of written or oral communications relating
to the advice, we will discuss with you whether and how you assert, or waive,
the privilege.
DISCLOSURE OF REPORTABLE TRANSACTIONS
Treasury regulations require corporations and other entities to file disclosure
statements relating to certain tax strategies/transactions that the IRS has
identified as Listed Transactions, any transaction that is substantially similar
to a Listed Transaction, and Other Reportable Transactions. The disclosure
statements must be filed with the proper tax return and also sent separately to
the IRS. Failure to properly disclose any of these transactions/strategies in
which the Company directly or indirectly participated may result in the
imposition of penalties. During the process of gathering data to prepare the
Company's federal tax returns, we require Company personnel to complete a
questionnaire regarding Listed Transactions and Other Reportable Transactions.
If there is a particular person in the Company, other than you, who should be
responding to these questions, please immediately provide that person's name,
position and telephone number to Lisa P. Shield at E&Y. E&Y will not be liable
for any penalties resulting from the Company's failure to accurately and timely
respond to these questions or to timely file the required disclosure statements.
USE OF E&Y SOFTWARE
During this engagement, the Company employees authorized by both E&Y and the
Company will have access to E&Y's software known as TaxSite, eyC@Pture
TaxDriveR, and/or QuickPlace (collectively know as "the Software"), for the
purposes of assisting the Company through E&Y's completion of the Services. We
will not install the Software on the Company's computers. The Company will not,
nor permit others, to copy, duplicate, or modify the Software. The Company will
not decompile, reverse engineer, or in any way derive any source code from or
create any derivative work of the Software. The Company acknowledges that its
use of the Software is not a substitute for any documentation or system of
records created or
Mr. Mark Shapiro Page 3
Fleming Companies, Inc. April 8, 2003
maintained pursuant to law, including but not limited to Internal Revenue Code
Section 6001. The Company is responsible for maintaining separate copies of any
documentation it inputs into the Software. Software is provided "AS IS" without
warranty and E&Y shall not provide any support or maintenance for the Software
unless otherwise mutually agreed.
The Company's use of QuickPlace shall be subject to and governed by the terms
and conditions of a user agreement under the terms and conditions of which are
required to be agreed to by an authorized representative of the Company prior to
the Company's access to QuickPlace.
FEES
E&Y will bill the Services outlined in this Agreement based on standard hourly
rates for provision of this category of service, which are revised annually
effective July 1. Presently, these rates range as follows by level of tax
professional:
Partners and Principals $425 to $750
Senior Managers $370 to $540
Managers $250 to $490
Senior Staff $180 to $375
Staff $130 to $240
We will request payment of our fees in accordance with local bankruptcy rules
for the District of Delaware and any relevant administrative orders. In
addition, we will request reimbursement of our actual expenses related to this
Agreement, as well as fees for any time (including reasonable expenses of legal
counsel) we may incur in considering or responding to discovery requests or
participating as a witness or otherwise in any legal, regulatory or other
proceeding as a result of our performance of these Services.
STAFFING FOR PROVISION OF TAX COMPLIANCE SERVICES
Lisa P. Shield will be the engagement tax partner responsible for the provision
of our tax services. David Coley, Senior Manager, and Dave Sigler, Senior
Manager will work closely with Lisa Shield and management in providing tax
services. If any of these individuals ceases to provide tax services to the
Company pursuant to this Agreement, Ernst & Young will so advise the Company
and, if that professional is replaced, provide the Company with the name of that
professional's replacement.
Our tax services team includes the following tax professionals as of the date of
this petition. Other professionals may be needed to assist with our provision of
services to the Company on an ongoing basis.
Layne Wrobleski Janatha McCullough
- -------------------------------------------------------------------------
Jennifer Adair John Dixson
- -------------------------------------------------------------------------
Nancy Flagg Daniel Roche
- -------------------------------------------------------------------------
Mr. Mark Shapiro Page 4
Fleming Companies, Inc. April 8, 2003
Eliot Fielding Michael Sanders
- ---------------------------------------------------------------------
Davila Niesen Timothy Murray
- ---------------------------------------------------------------------
Hilary Mink Keith Anderson
- ---------------------------------------------------------------------
Patsy Bustamente Katie Duren
- ---------------------------------------------------------------------
Austin Lee Lindsey Lakey
- ---------------------------------------------------------------------
Deborah Banheisal Donna Ellington
- ---------------------------------------------------------------------
Joyce Bauchner Mohua Bardan
- ---------------------------------------------------------------------
Tresa Simbye Kathy Everidge
- ---------------------------------------------------------------------
Raymond Smith Steve Graham
- ---------------------------------------------------------------------
Susan Hudson Cindy Vintrella
- ---------------------------------------------------------------------
Esparanza English Pamela Young
- ---------------------------------------------------------------------
Carolyn S. Coen Cletith Simmons
- ---------------------------------------------------------------------
In addition to members of our tax services team, others involved in serving you,
such as senior members of the internal audit team, may participate in our
provision of tax advice so that, among other things, they can provide relevant
input into the process and the effects of financial statement treatment on the
tax advice we provide may be considered on a timely basis. Other staff, not
identified herein, may be utilized as required to conduct our work in the most
efficient manner possible.
OTHER MATTERS
We will perform the services outlined in this letter for the Term of the
Agreement until either party terminates this agreement upon 120 days written
notice or the Company emerges from Chapter 11, whichever event occurs first. E&Y
is not responsible for any damages or losses the Company may incur because it
failed to meet any deadline on a timely basis as a result of its termination of
this Agreement.
In the event we are requested or authorized by the Company or are required by
government regulation, subpoena, or other legal process to produce our documents
or personnel as witnesses regarding our Services for Company, you will reimburse
us for our professional time and expenses, as well as our counsel's fees and
expenses, incurred in responding to such requests.
The Company will provide E&Y with reasonable accommodations for facilities
(e.g., individual work space, other work-related facilities and
telecommunications), and with access to electronic records needed to provide
Services.
If any part of this Agreement is held to be void, invalid, or otherwise
unenforceable, the remaining Agreement provisions are not affected. Without
prior written consent of the other party, neither party may assign any rights or
obligations herein, in whole or in part. The subject matter contained herein
constitutes the entire agreement between the parties, superseding all agreements
and understandings made before the date of this Agreement.
Mr. Mark Shapiro Page 5
Fleming Companies, Inc. April 8, 2003
Any controversy or claim with respect to, in connection with arising out of, or
in any way related to this Agreement or the Services provided hereunder
(including any such matter involving any parent, subsidiary, affiliate,
successor in interest or agent of the Company or of E&Y) shall be brought in the
Bankruptcy Court or the District Court if such District Court withdraws the
reference and the parties to this Agreement, and any and all successors and
assigns thereof, consent to the jurisdiction and venue of such court as the sole
exclusive forum (unless such court does not have jurisdiction and venue of such
claims or controversies) for the resolution of such claims, caused of action or
lawsuits. The parties to this Agreement, and any and all successors and assigns
thereof, hereby waive trial by jury, such waiver being informed and freely made.
If the Bankruptcy Court or the District Court upon withdrawal of the reference
does not have or retain jurisdiction over the foregoing claims or controversies,
the parties to this Agreement and any and all successors and assigns thereof,
agree to submit first to nonbonding mediation; and, if mediation is not
successful, then to binding arbitration, in accordance with the dispute
resolution procedures set forth in Attachment 2 of the Agreement. Judgment on
any arbitration award may be entered in any court having proper jurisdiction.
The foregoing is binding upon the Company, E&Y and any and all successors and
assigns thereof.
IRS released regulations increasing the disclosures that taxpayers and tax
advisors may have to make and records they may have to retain in connection with
transactions that have federal income tax reduction as a significant purpose. At
your request, we will discuss these disclosure and record retention requirements
and their possible application to transactions arising out of this engagement.
Our fee for such services may be contained in a modification to this Agreement
or a separate engagement letter if significant work is to be performed. The
benefits of this Agreement shall inure to the respective successors and assigns
of the parties hereto and the obligations and liabilities assumed in this
Agreement by the parties hereto shall be binding upon their respective
successors and assigns.
We understand that the Company or E&Y may provide notice to terminate our
engagement at any time. The alternative dispute resolution provision contained
in Attachment 2 to the Agreement will remain operative and in full force and
effect regardless of any termination or expiration of this Agreement and shall
survive completion of the Company's bankruptcy proceedings whether through a
confirmed plan of reorganization, liquidation of the Company's assets under
Chapter 11 or 7 of Title 11 of the United States Code, or otherwise.
As set forth herein, the Company has requested that E&Y provide tax operations
services, the scope of which is set forth in the Agreement. The Company
recognizes and acknowledges that by performing the services set forth in the
Agreement, E&Y is not acting in any Company management capacity and that the
Company has not asked E&Y to make, nor has E&Y agreed to make, any business
decisions on behalf of the Company. All decisions about the business or
operations of the Company remain the sole responsibility of the Company's
management and its board of directors.
By agreement to the provision of the services set forth in the Agreement, E&Y is
not providing a guarantee to the Company that E&Y's performance of those
services pursuant to the terms and conditions set forth in the Agreement will
guarantee the Company's successful reorganization
Mr. Mark Shapiro Page 6
Fleming Companies, Inc. April 8, 2003
under Chapter 11 of Title 11 of the United States Code. Except as expressly
provided herein, the engagement letter does not modify the terms or provisions
of any engagement letter for other professional services, which were agreed to
prior to the date note below.
We appreciate the opportunity to be of continued service. If you have any
questions regarding this letter, please contact Lisa P. Shield at (817)
348-6056. Please indicate your acceptance of the above arrangements by signing
and returning the enclosed copy of this letter.
Very truly yours,
Ernst & Young LLP
FLEMING COMPANIES, INC.
BY: /s/ Mark Shapiro 4/11/03
-----------------------------------
Mark Shapiro, Date
Chief Financial Officer
Mr. Mark Shapiro Page 7
Fleming Companies, Inc. April 8, 2003
TAX OPERATIONS SERVICES ENGAGEMENT AGREEMENT
SUPPLEMENTAL TERMS AND CONDITIONS
A. Proprietary and Related Rights
1. Company Property. All information the Company supplies to E&Y
in connection with the Services being provided will remain the property of the
Company or its licensors. All tax returns, reports and other documents prepared
for the Company using this information will be the Company's property and the
Company will be solely responsible for the retention of such documents.
2. E&Y Property. During the term of this engagement, we may use
certain methodologies, programs, or procedures ("Technical Elements") developed
or used by us or our licensors, including enhancements or improvements developed
during the performance of Services. Our use of these Technical Elements during
the engagement does not grant the Company a license or property interest in
them. We will retain: (1) the right to use our knowledge, experience and
know-how, including Technical Elements developed while performing the Services,
in providing services to other clients; (2) ownership of all working papers we
prepare for purposes of documenting, in accordance with professional
requirements, our performance of the Services; and (3) copies of tax returns,
reports and other documents prepared by us, for our own purposes and use.
B. Confidential Information
1. Confidentiality. Unless specified in this Agreement, when E&Y
receives Confidential Information, as defined below, from the Company in
connection with the Services, it will not disclose the Confidential Information
outside of E&Y. "Confidential Information" is information that is not generally
known to the public; that would reasonably be considered confidential or
proprietary; and that the Company specifically designates as "confidential."
Confidential Information does not include information that: (i) at the time of
its disclosure, is or thereafter becomes, part of the public domain through a
source other than E&Y; (ii) was known to E&Y prior to the time of its
disclosure; (iii) is independently developed by E&Y without reference to any
Confidential Information; or (iv) is subsequently learned from a third party not
known by E&Y to be subject to an obligation of confidentiality with respect to
the information disclosed.
2. Exceptions. Nothing in this Agreement will limit our ability
to disclose such Confidential Information, and we will have no liability for
such disclosure, as long as the disclosure is: (i) required pursuant to law,
regulation, professional responsibility, government authority, duly authorized
summons, subpoena or court order and we provide notice to the Company prior to
the disclosure; (ii) required by a court or other tribunal in connection with
the enforcement of our rights under this Agreement; or (iii) approved for
disclosure by the prior written consent of the Company.
Mr. Mark Shapiro Page 8
Fleming Companies, Inc. April 8, 2003
3. Survival of Restrictions. The tenns of this Section B will
survive this Agreement's termination, continuing in full force and effect for
two years from the date of such, termination, or longer if otherwise required by
law or regulation.
C. Relationship of Parties
1. Independent Contractor. Nothing in this Agreement will be
construed to imply a joint venture, partnership or agency relationship between
the parties for any purpose, Each party is an independent contractor in
connection with this Agreement and as such neither will have any authority to
bind or commit the other.
2. Concerning Employees. Personnel supplied by either party are
employees (or partners, in the case of E&Y partners) of that party and will not
be considered employees or agents of the other party. Unless provided elsewhere
in this Agreement, each party is solely responsible for the supervision, daily
direction and control of its employees, and the payment of salaries, including
all payroll related withholdings and remits. If the parties agree that E&Y will
hire certain of the Company's employees, hiring will occur on terms and
conditions mutually agreeable to the parries.
D. Miscellaneous
If any part of this Agreement is held to be void, invalid, or otherwise
unenforceable, the remaining Agreement provisions remain in effect. Neither
party may assign this Agreement or any rights or obligations under it, in whole
or in part, without the other party's prior written consent. Except to the
extent that portions of prior Agreements are incorporated into this Agreement by
reference, this Agreement constitutes the entire agreement between the parties
regarding its subject matter, superseding all agreements and understandings
between the Company and E&Y with respect thereto made prior to the date of this
Agreement.
Any controversy or claim with respect to, in connection with arising out of, or
in any say related to this Agreement or the Services provided hereunder
(including any such matter involving any parent, subsidiary, affiliate,
successor in interest or agent of the Company or of E&Y) shall be brought in the
Bankruptcy Court or the District Court if such District Court withdraws the
reference and the parties to this Agreement, and any and all successors and
assigns thereof, consent to the jurisdiction and venue of such court as the sole
exclusive forum (unless such court does not have jurisdiction and venue of such
claims or controversies) for the resolution of such claims, caused of action or
lawsuits. The parties to this Agreement, and any and all successors and assigns
thereof, hereby waive trial by jury, such waiver being informed and freely made.
If the Bankruptcy Court or the District Court upon withdrawal of the reference
does not have or retain jurisdiction over the foregoing claims or controversies,
the parties to this Agreement and any and all successors and assigns thereof,
agree to submit first to nonbonding mediation; and, if mediation is not
successful, then to binding arbitration, in accordance with the dispute
resolution procedures set forth in Attachment 2 to the Agreement. Judgment on
any arbitration award may be entered in any court having proper jurisdiction.
The foregoing is binding upon the Company, E&Y and any and all successors and
assigns thereof.
Mr. Mark Shapiro Page 9
Fleming Companies, Inc. April 8, 2003
ATTACHMENT 1
SCOPE OF SERVICES
E&Y and the Management Liaison will agree to a tax services to be performed in
the course of this engagement. E&Y will perform the tasks in order to manage the
tax function on behalf of the Company. The Company's Management Liaison will
authorize the tax programs and procedures E&Y recommends. Except where otherwise
noted, E&Y will be responsible for services, reports and deadlines filling
within the term of the Agreement.
Pursuant to the E&Y engagement letter, E&Y will provide such tax services as E&Y
and the Company shall deem appropriate and feasible in order to perform tax
services in the Agreement and to advise the Company in the course of the Chapter
11, including but not limited to the following services;
FEDERAL AND STATE INCOME TAX COMPLIANCE, CONSULTING AND ADMINISTRATION
- Prepare Federal and all state income and franchise, gross
receipts and net worth tax returns on behalf of Fleming
(including Core-Mark at 6/18/02 forward) and maintain tax
files and documentation consistent with E&Y standards for
Calendar Year 2002 through 2004 returns.
- Preparation of certain adjustments and book/tax differences
related to Forms 1120 and state tax returns for Core-Mark and
its subsidiaries for the 6-17-02 short period tax returns.
- Prepare Canada Income Tax Form T2 and provincial income and
capital tax returns and maintain tax files and documentation
consistent with E&Y standards for Canadian branch tax for
calendar year 2002 through 2004 returns.
- Prepare a quarterly and annual tax calendar for fee upcoming
quarter and year, including (i) estimated cash payments for
tax liabilities anticipated, and (ii) other tax matters which
should be addressed.
- Prepare check requests, check deposits, certified mailing and
electronic filing of tax payments.
- Coordinate and respond to Federal and state audits and notices
including Canada and provincial audits and notices.
- Prepare FAS 109 quarterly and annual analysis, including
preliminary footnote draft for review and approval by Fleming.
- Prepare quarterly federal and state estimated income tax
payments, including franchise, gross receipts and all other
required payments, extension computations and payments, and
monthly estimated tax payments for Canadian returns, beginning
with September 15, 2002 estimated payments for Fleming and
December 15,2002 for Core-Mark.
- Prepare and provide to Fleming treasury department quarterly a
schedule of estimated cash requirement for Federal income
taxes.
- Prepare FSC return based upon the limited methodology used by
Fleming for the 2001 FSC return.
Mr. Mark Shapiro Page 10
Fleming Companies, Inc. April 8, 2003
- Prepare annual reports.
- Provide information when requested for acquisitions and
divestitures consistent with historical tax team level of
effort.
- Tax package design, preparation, distribution and review.
- Represent Fleming in Federal audits and state audits annually
and review Form 5701 consistent with historical tax team level
of effort.
- Prepare Federal and Canadian amended returns, resulting from
RAR's consistent with E&Y's cost-benefit analysis, or submit,
as appropriate to state taxing authorities.
- Reconciliations of prepaids, liability, deferreds, clearings,
interest expense/income accounts and payroll tax penalty
assistance and reconciliation of transcripts consistent with
historical tax team level of effort.
- Information gathering for special projects.
- Obtain airplane log and prepare W-2 information reporting.
- Tax depreciation computations and reconciliations, including
gain loss computations and running all reports for federal and
states. Includes documentation of existing review process in
place with Core-Mark fixed assets, and agreement as to scope
of activities related to fixed assets for tax
- Balance sheet reviews for new accounts and tax basis balance
sheets.
- Preparation of LIFO computations for Fleming and Core-Mark
unless prepared by outside third party providers retained
separately by Bankruptcy Court.
- Coordination with ERP System Implementation (F1) group to
answer limited questions regarding taxability of excise/sales
tax items.
- Communication of divisional credits for WOTC.
- Stuff envelopes for tax return payments.
- Limited research on transfer stamps, floor stocks tax returns,
etc. Includes preparation of draft of financial statements for
15th period journal entries for tax entities such as Retail
Investment, Rainbow Food Group, ABCO Food Group and Bakers
Food Group for the review and approval of Fleming accounting
staff and Controller/CFO. Also includes allocation of expenses
for corporate charges and interest between Canada and the U.S.
- Preparation of Unclaimed Property tax returns for Fleming and
Core-Mark other than those prepared by outside third party
providers.
- IRS Account Analysis and Recovery & Interest Netting,
including review of IRS Account transcripts, including
preparation of Form 2848, preparation of interest
computations, and filing of refund claims.
- Preparation and review of any required 9100 relief filings or
Forms 3115 related to changes in accounting methods, and Forms
1128 related to changes in accounting periods.
- Preparation and review of all federal and state amended
returns, including Forms 1139 and Forms 1120X and the state
equivalents.
- Analysis of all transaction related costs incurred by Fleming
and Core-Mark for deductibility versus capitalization for
income tax purposes.
- Research and consultations regarding corporate restructuring
and related tax implications for federal and state issues.
Mr. Mark Shapiro . Page 11
Fleming Companies, Inc. April 8, 2003
- Research and consultations related to employment tax matters.
Payroll tax compliance tax return filings and remittances are
specifically excluded from the scope of this engagement.
- Review of the Company's existing supplemental unemployment
benefit ("SUB") plan to ensure the Company continues to
receive the appropriate employment tax benefits available
under the plan, including assistance with general employment
tax questions arising in the normal course of doing business
not related to specific transactions, and also including
federal employment tax reporting and withholding questions,
federal and state income tax withholding penalty notices and
resolution, federal and state employment tax audit assistance,
state unemployment tax planning associated with acquisition or
expansion into new taxing jurisdictions, and executive
compensation consultation.
- Computation and analysis of earnings and profits of the
Company for tax purposes under Section 316 of the Internal
Revenue Code.
- Preparation and review of computations for Quick Refund Claim
Form 4466 relating to ratable allocation election under
Treasury Regulation Section 1.1502-76(b), state tax research
related to the election, documentation of tax treatment of
extraordinary items of income and expense.
PROPERTY TAX SERVICES
- Oversight of third-party service providers including
communications, correspondence, arrangement for data supply
and approval of fees, receipt of tax bills and other data.
Prepare returns and renditions based on fixed asset and other
accounting information provided by Fleming.
- Review estimates or analyses of property taxes for accrual
and/or tax prorations quarterly.
- Research of new or unknown properties and tax parcels,
including bills that show up new.
- Maintain files for all properties as appropriate.
- Validate tax bills and coordinate with the Accounts Payable
Department for payment of all real and personal property tax
bills. This may entail an electronic transfer of payment
information from E&Y to the Fleming Core-Mark Accounts Payable
department for approval and processing.
- Estimation of year-end accrual information by property
annually.
- Preparation of annual property tax budget data and information
by property.
- Research new properties and set up for processing and payment.
- Quarterly reconciliation of accounts and review of any
third-party prepared renditions.
SALES & USE TAX SERVICES
- Update and maintain sales and use, cigarette, tobacco, egg,
and other miscellaneous taxes, and business license, filing
calendars.
- Prepare sales and use tax returns for all U.S., state and
local governments, and maintain adequate audit trail and
supporting documentation.
- Prepare other cigarette, tobacco, and other sundry tax
filings.
Mr. Mark Shapiro Page 12
Fleming Companies, Inc. April 8, 2003
- Prepare responses to audit notices and provide audit
assistance for all sales & use tax filing responsibilities,
including cigarette, tobacco, egg, miscellaneous, business
licences, etc.
- Assist with tax issues related to transfer of inventory and
licensing issues in consolidation of distribution centers.
- Assist with miscellaneous matters related to responding to
overdue notices from state tax jurisdictions, including
preparation of necessary correspondence, penalty/interest
abatement requests, and responses to liens assessed against
the Company related to Chapter 11 filing.
- Recommend journal entries, intercompany postings and prepare
account reconcilations for sales and use tax, and other sundry
tax payable accounts and other general ledger accounts as
required.
- Provide Fleming an electronic check request of payment
information related to sales/use and other sundry tax returns.
- Respond to notices associated with any tax returns prepared by
E&Y or the former Fleming tax department.
- Notify a designated Fleming representative of applicable
changes related to sales and use, cigarette, tobacco, and
other tax rates for maintenance of tax rate tables in the
Fleming system as identified by management.
- Perform limited research on the taxability of new inventory
and non-inventory items or services offered by Fleming,
consistent with current tax function.
- Respond to other sales, use and other sundry tax questions
from Fleming personnel.
- Prepare special tax related reports and schedules as requested
by Fleming management.
- Coordinate with accounting operations to resolve issues on
stamps, purchases, inventory accounts, and return variances.
- Preparation and review of sales tax refund claims for all
sales, use and miscellaneous tax refunds due to the company.
- Research and consultations related to Work Opportunity Tax
Credits, California Enterprise Zone Hiring Credits, Statutory
Credits, Training Grants, and other Incentive Tax matters.
- Review of transaction tax process, transaction tax systems and
accuracy of taxability tables. Includes preparation and
implementation of rate analysis tool to convert and compare
cigarette stamp tax and tobacco excise tax rates in FOODS
system to the actual rates in order to electronically update
the customer master or cigarette/tobacco tax file. Includes
preparation of batch files for Company IT department to update
rates in FOODS system.
BANKRUPTCY TAX SERVICES
- Working with Company personnel to develop an understanding of
the business objectives related to the Company's potential
reorganization and/or restructuring alternatives that the
Company is evaluating with existing creditors that may result
in a change of the equity, capitalization and/or ownership of
the shares of the Company or its assets.
- Assist and advise the Company in potential tax related
bankruptcy restructuring objectives, implications and
post-petition bankruptcy tax matters.
Mr. Mark Shapiro Page 13
Fleming Companies, Inc. April 8, 2003
- Provide tax consulting regarding availability, limitations,
preservation and maximization of tax attributes, such as net
operating losses, alternative minimum tax credits and work
opportunity tax credits, minimization of tax costs in
connection with stock or asset sales, if any, and assistance
with tax issues arising in the ordinary course of the
Company's business.
- Assist with settling tax claims against the Company and
obtaining refunds of reduced claims previously paid by the
Company for various taxes, including (but not limited to)
federal and state income, franchise, payroll, sales and use,
property and excise and business license.
- Assistance with evaluating and scheduling tax liabilities and
in assessing tax claims by type and entity, including working
with bankruptcy counsel to resolve tax claims if the Company
files bankruptcy.
- Analysis of legal and professional fees incurred during the
restructuring or bankruptcy period for purposes of determining
future deductibility of such costs.
- Documentation of tax analysis, opinions, recommendations,
conclusions and correspondences for any proposed restructuring
alternative, bankruptcy tax issue or other tax matter
described above.
OTHER TAX SERVICES
For any miscellaneous tax projects requested by the Company and not specifically
listed in this Agreement, including tax planning and tax consulting services,
E&Y will bill those services in accordance with the standard hourly rates
outlined in this Agreement.
Mr. Mark Shapiro Page 14
Fleming Companies, Inc. April 8, 2003
ATTACHMENT 2
DISPUTE RESOLUTION PROCEDURES
The following procedures shall be used to resolve any controversy or claim
("dispute") as provided in this Agreement, other than objections to fee
applications relating to the subject retention. If any of these provisions are
determined to be invalid or unenforceable, the remaining provisions shall remain
in effect and binding on the parties to the fullest extent permitted by law.
MEDIATION
A dispute shall be submitted to mediation by written notice to the other party
or parties. The mediator shall be selected by agreement of the parties. If the
parties cannot agree on a mediator, a mediator shall be designated by the CPR
Institute for Dispute Resolution at the request of a party. Any mediator so
designated must be acceptable to all parties.
The mediation will be conducted as specified by the mediator and agreed upon by
the parties. The parties agree to discuss their differences in good faith and to
attempt, with the assistance of the mediator, to reach an amicable resolution of
the dispute.
The mediation will be treated as a settlement discussion and therefore will be
confidential. The mediator may not testify for either party in any later
proceeding relating to the dispute. No recording or transcript shall be made of
the mediation proceedings.
Each party will bear its own costs in the mediation. The fees and expenses of
the mediator will be shared equally by the parties.
ARBITRATION
If a dispute has not been resolved within 90 days after the written notice
beginning the mediation process (or a longer period, if the parties agree to
extend the mediation), the mediation shall terminate and the dispute will be
settled by arbitration. The arbitration will be conducted in accordance with the
procedures in this document and the Rules for Non-Administered Arbitration of
the CPR Institute for Dispute Resolution as in effect on the date of the
engagement letter, or such other rules and procedures as the parties may
designate by mutual agreement. In the event of a conflict, the provisions of
this document will control. The arbitration will be conducted before a panel of
three arbitrators, two of whom are to be designated by the parties from the CPR
Panels of Distinguished Neutrals using the screened selection process provided
in the Rules. Any issue concerning the extent to which any dispute is subject to
arbitration, or concerning the applicability, interpretation, or enforceability
of these procedures, including any contention that all or part of these
procedures are invalid or unenforceable, shall be governed by the Federal
Arbitration Act and resolved by the arbitrators. No potential arbitrator shall
be appointed unless he or she has agreed in writing to abide and be bound by
these procedures.
Mr. Mark Shapiro Page 15
Fleming Companies, Inc. April 8, 2003
In no event, even if any other portion of these provisions is held to be invalid
or unenforceable, shall the arbitration panel have power to make an award or
impose a remedy that could not be made or imposed by a court deciding the matter
in the same jurisdiction. Discovery shall be permitted in connection with the
arbitration only to the extent, if any, expressly authorized by the arbitration
panel upon a showing of substantial need by the party seeking discovery.
The result of the arbitration win be binding on the parties, and judgment on the
arbitration award may be entered in any court having jurisdiction.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
(DOLLARS IN 000'S)
ACCOUNTS RECEIVABLE AGINGS
FLEMING Accounts Receivable Aging [1] [2] Amount
- ---------------------------------------------- ---------
Not Due $ 88,506
- ---------------------------------------------- ---------
Current 127,217
- ---------------------------------------------- ---------
1 - 7 days old 54,154
- ---------------------------------------------- ---------
8 - 14 days old 18,262
- ---------------------------------------------- ---------
15 - 21 days old 6,044
- ---------------------------------------------- ---------
+Over 21 days 233,122
- ---------------------------------------------- ---------
Credits Over 21 days[l] (30,103)
- ---------------------------------------------- ---------
Total Accounts Receivable $ 497,202
- ---------------------------------------------- ---------
Amount considered uncollectible (Bad Debt) [3] (45,121)
- ---------------------------------------------- ---------
Accounts Receivable (Net) $ 452,081
- ---------------------------------------------- ---------
CORE-MARK Accounts Receivable Aging [1] [4] Amount
- ---------------------------------------------- ---------
Current $ 202,443
- ---------------------------------------------- ---------
1 - 30 days old 26,581
- ---------------------------------------------- ---------
31 - 45 days old 1,260
- ---------------------------------------------- ---------
40 - 60 days old 425
- ---------------------------------------------- ---------
61 - 90 days old 339
- ---------------------------------------------- ---------
91 - 120 days old 965
- ---------------------------------------------- ---------
+ Over 120 days 6,991
- ---------------------------------------------- ---------
Total Accounts Receivable $ 239,004
- ---------------------------------------------- ---------
Amount considered uncollectible (Bad Debt) [3] (3,859)
- ---------------------------------------------- ---------
Accounts Receivable (Net) $ 235,145
- ---------------------------------------------- ---------
DEBTOR QUESTIONNAIRE
Must be completed each month Yes No
- ------------------------------------------------------------------------------ --- --
1. Have any assets been sold or transferred outside the normal
course of business this reporting period?
If yes, provide an explanation below. [5] X
- ------------------------------------------------------------------------------ --- --
2. Have any funds been disbursed from any account other than a debtor in
possession account this reporting period?
If yes, provide an explanation below. X
- ------------------------------------------------------------------------------ --- --
3. Have all postpetition tax returns been timely filed? If no, provide an
explanation below. [6] X
- ------------------------------------------------------------------------------ --- --
4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below. X
NOTES
[1] Fleming's Accounts Receivable Aging includes Core-Mark's 7 Eastern
divisions ("Fleming 7"). Therefore, Core-Mark's Accounts Receivable Aging
excludes them.
[2] An Accounts Receivable Aging was not available Fleming's entities,
excluding Wholesale. The Wholesale Accounts Receivable was aged above as it
accounts for approximately 41.12% of the Accounts Receivable balance. The
remaining accounts receivable balance (including any adjustments) was
allocated to each aging category based on the percentage of Fleming's
wholesale aging categories to total wholesale accounts receivable.
[3] Amount considered uncollectible (Bad Debt) is per the general ledger for
all entities as of August 9, 2003. As a result of the sale of the Company's
wholesale distribution business, the Company will review its allowance for
doubtful accounts.
[4] Core-Mark's Accounts Receivable data is for Core-Mark's period 8 ended July
31,2003. Further, Core-Mark's Accounts Receivable Aging total differed from
the general ledger total due to timing differences and adjustments. As a
result, the remaining receivable balance was allocated to each aging
category based on the percentage of each aging category to total accounts
receivable.
[5] On July 15th the Company sold a store located in Illinois to Uribe/Shingle
for approximately $50,000. On July 18th and 25th and on August 1st and 9th
the Company liquidated inventory located at several locations including,
but not limited to, Minneapolis, Phoenix, Superior, Geneva, and Lafayette
for approximately $8.5 million. Further, on July 18th the Company sold PBX
equipment to live & Co. and liquidated PP&E from stores for total net
proceeds of $1.3 million. (sale/assignment dates do not correspond to
actual cash receipts).
[6] Thirteen tax returns were not filed timely due to incomplete information.
The thirteen returns were June 2003 City of Mobile Cigarette Return--Geneva
Division, June 2003 Florida Cigarette Return--Geneva Division, June 2003
Georgia Cigarette Return--Geneva Division, June 2003 Louisiana Strawberry
Tax Return--Lafayette Division, June 2003 Mississippi Cigarette/Tobacco
Return--Memphis Division, June 2003 Delaware Cigarette Return--Northeast
Maryland Division, June 2003 Maryland Cigarette Return--Northeast Maryland
Division, June 2003 Maryland Tobacco Return--Northeast Maryland Division,
June 2003 Pennsylvania Cigarette Return--Northeast Maryland Division, June
2003 Arkansas Cigarette Licensed Wholesaler Return--Tulsa Division, June
2003 Kansas Egg Tax Return--Tulsa Division, June 2003 Missouri Cigarette
Return--Tulsa Division and June 2003 Oklahoma Cigarette Return--Tulsa
Division. One tax return was due July 21, 2003 and is still awaiting final
information in order to be filed with the Alabama jurisdiction; June 2003
Alabama Cigarette Return--Geneva Division.
FORM MOR - 5
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 7/13/03 - 8/9/03
If additional information is required for the current or any future Monthly
Operating Reports, please send the request to Rebecca A. Roof at Fleming
Companies (1945 Lakepointe Dr.; Lewisville, TX 75057).