EXHIBIT 99.6
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: 8/10/03-9/6/03
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
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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
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I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
RESPONSIBLE PARTY:
/s/ Rebecca A. Roof Interim Chief Financial Officer
- ----------------------------------- --------------------------------------
Signature of Responsible Party Title
Rebecca A. Roof 10/21/2003
- ----------------------------------- --------------------------------------
Printed Name of Responsible Party Date
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
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] [11]:
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 [12]:
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] Period 9 refers to August 10 through September 6, 2003.
[11] The Monthly Operating Report excludes financial activity related to
non-Debtor entities (i.e., Cerespan.com and Choteau Development Company,
LLC).
[12] Core-Mark entities are on a different reporting schedule with period 9
reflecting a Balance Sheet as of August 31, 2003. The Statement of
Operations has been estimated through September 6, 2003 to be consistent
with Fleming.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
WEEKLY RECEIPTS AND DISBURSEMENTS [1]
(DOLLARS IN 000'S)
CURRENT
PERIOD CUMULATIVE
WEEK 1 [2] WEEK 2 WEEK 3 WEEK 4 WEEK 5 TOTAL FILING TO DATE
---------- --------- --------- --------- --------- --------- --------------
CASH RECEIPTS:
Fleming Receipts [4] $ 11,761 61,316 50,762 54,389 297,611 $ 475,839 $ 2,372,707
Core-Mark Receipts 15,826 82,084 79,834 81,084 78,656 337,484 1,873,877
Asset / Excess Inventory Sales St. Other 2,159 1,777 6,029 6,259 1,690 17,914 264,271
---------- --------- --------- --------- --------- --------- --------------
ACTUAL RECEIPTS $ 29,746 $ 145,177 $ 136,625 $ 141,732 $ 377,957 $ 831,237 $ 4,510,855
---------- --------- --------- --------- --------- --------- --------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming $ (11,060) (37,180) (36,923) (16,637) (2,978) $(104,778) $ (1,609,334)
Material Purchases - Core-Mark (13,326) (54,802) (52,839) (52,876) (52,036) (225,879) (1,429,035)
Tax Disbursements - Cigarettes (1,475) (10,022) (12,787) (16,892) (11,127) (52,303) (255,989)
Tax Disbursements - Other (2) (411) (281) (183) (9) (886) (7,770)
Employee & Payroll (2,099) (7,236) (7,574) (5,903) (8,393) (31,205) (260,743)
Lease & Recurring Costs (3,680) (6,782) (1,038) (1,355) (1,131) (13,986) (81,897)
Other Operating Costs (383) (5,185) (5,756) (7,702) (3,403) (22,429) (197,831)
---------- --------- --------- --------- --------- --------- --------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (32,025) $(121,618) $(117,198) $(101,548) $ (79,077) $(451,466) $ (3,842,599)
---------- --------- --------- --------- --------- --------- --------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [3] $ - - - - (11,289) $ (11,289) $ (88,781)
Capital Expenditures - - - - - - (2,216)
Restructuring & Professional Fees (511) (2,975) (1,302) (5,855) (1,398) (12,041) (24,436)
Interest & Financing - (482) - - (1,691) (2,173) (72,525)
Other Non-Operating Costs - - - - - - -
---------- --------- --------- --------- --------- --------- --------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (511) $ (3,457) $ (1,302) $ (5,855) $ (14,378) $ (25,503) $ (187,958)
---------- --------- --------- --------- --------- --------- --------------
---------- --------- --------- --------- --------- --------- --------------
TOTAL ACTUAL DISBURSEMENTS $ (32,536) $(125,075) $(118,500) $(107,403) $ (93,455) $(476,969) $ (4,030,557)
---------- --------- --------- --------- --------- --------- --------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD
COLUMN)
TOTAL DISBURSEMENTS $ (476,969)
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 $ (476,969)
-----------
NOTES
[1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's August
1 through August 31 receipts and disbursements.
[2] Per agreement with the U.S. Trustee, cash receipts and disbursements
related to August 1 through August 31 were only included. Therefore, Week 1
includes only one day related to cash receipts and disbursements for August
2003.
[3] The period 9 Monthly Operating report (including the period 4 through 8
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.
[4] Week 5 receipts include cash received from the sale of assets to C&S.
FORM MOR - IA
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
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 $ (159,169) $ (1,253,635)
Fleming Companies, Inc. 03-I0945 (210,318) (1,940,501)
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 (43,255) (260,646)
Core-Mark Interrelated Companies, Inc. 03-10951 (5,289) (41,193)
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 (6,719) (113,586)
Fleming International, Ltd. 03-10956 (21) (1,400)
Fleming Transportation Service, Inc. 03-10957 49 3
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 (5,717) (38,999)
Minter Weisman Co. 03-10964 (25,352) (110,341)
Piggly Wiggly Company 03-10965 (280) (817)
Progressive Realty, Inc. 03-10966 - (4)
Rainbow Food Group, Inc. 03-10967 (17) (31,726)
Retail Investments, Inc. 03-10968 (20,115) (165,125)
Retail Supermarkets, Inc. 03-10970 - -
RFS Marketing Services, Inc. 03-10971 - -
Richmar Foods, Inc. 03-10972 (928) (71,670)
Dunigan Fuels, Inc. 03-10973 162 (250)
-------- -------------------- --------------------
TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (476,969) $ (4,030,557)
-------------------- --------------------
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 8/1/03 - 8/31/03 (approximately $16.4 million for Fleming
and approximately $ 11.9 million for Core-Mark) were allocated to the
related Fleming and Core-Mark entities based on the % of each entities
total sales lo 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 me 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 8/1/03 - 8/31/03 for the Current Period and for 4/1/03 - 8/31/03 for
the Cumulative Filing to Date.
FORM MOR - IB
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
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 3751525666 Depository
Fleming Companies, Inc. Bank of America 3751572091 Depository
Fleming Companies, Inc. Bank of America 3751589327 Depository
Fleming Companies, Inc. Bank of America 3751889438 Depository
Fleming Companies, Inc. Bank of America 3751917397 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. JF 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. JP 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 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. JF Morgan 8806232201 Depository
Fleming Companies, Inc. JP Morgan 8806232219 Depository
Fleming Companies, Inc JP Morgan 8806232805 Depository
Fleming Companies, Inc. JP Morgan 8806257778 Depository
Fleming Companies, Inc. JP Morgan 8806258339 Depository
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 8806363428 Depository
Fleming Companies, Inc. JP Morgan 8806370886 Disbursement
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
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 07600000313 Depository/Disbursement
Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement
Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement
FORM MOR - IC
- -------------------------------------------------------------------------------------------------
ACCOUNT
PETITIONING ENTITIES BANK NUMBER TYPE
- -------------------------------------------------------------------------------------------------
Fleming Companies, Inc. Bank of America 1257001012 Depository
Core-Mark International, Inc Bank Of Montreal 07604601086 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 71480000914 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
- --------------------------------------------------------------------
AUGUST 10, 2003 -
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] SEPTEMBER 6, 2003
- --------------------------------------------------------------------
NET SALES $ 354,022
COSTS AND EXPENSES: [3]
Cost of sales (340,495)
Selling and administrative (12,554)
Reorganization items, net (383)
Interest expense (223)
Interest income and other 122
Impairment/restructuring charges (231)
Litigation charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (353,764)
- --------------------------------------------------------------------
Income/(Loss) before income taxes 258
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 258
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS: [4]
Income/(Loss) before income taxes (63,584)
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (63,584)
- --------------------------------------------------------------------
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ (63,326)
- --------------------------------------------------------------------
NOTES
[1] Results of certain legal entities have been approximated to the 28 days
from August 10, 2003 through September 6, 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., Fleming
Supermarkets of Florida, Inc., 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 9, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- --------------------------------------------------------------------
AUGUST 10, 2003 -
ABCO FOOD GROUP, INC. SEPTEMBER 6, 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 27
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 27
- --------------------------------------------------------------------
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ 27
- --------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- --------------------------------------------------------------------
AUGUST 10, 2003 -
CORE-MARK INTERNATIONAL, INC. SEPTEMBER 6, 2003
- --------------------------------------------------------------------
NET SALES $ 233,514
COSTS AND EXPENSES:
Cost of sales (225,267)
Selling and administrative (6,626)
Reorganization items, net (382)
Interest expense (22)
Interest income and other 118
Impairment/restructuring charges (22)
Litigation charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (232,201)
- --------------------------------------------------------------------
Income/(Loss) before income taxes 1,313
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 1,313
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ 1,313
- --------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
August 31, 2003; adjustments have been made to this Statement of Operations
to approximate results for the 28 days ended September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- --------------------------------------------------------------------
AUGUST 10, 2003 -
CORE-MARK INTERRELATED COMPANIES, INC. SEPTEMBER 6, 2003
- --------------------------------------------------------------------
NET SALES $ 6,945
COSTS AND EXPENSES:
Cost of sales (6,624)
Selling and administrative (82)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (6,706)
- --------------------------------------------------------------------
INCOME/(LOSS) BEFORE INCOME TAXES 239
TAXES ON INCOME/(LOSS) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 239
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ 239
- --------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
August 31, 2003; adjustments have been made to this Statement of Operations
to approximate results for the 28 days ended September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
CORE-MARK MID-CONTINENT, INC. SEPTEMBER 6, 2003
- ----------------------------------------------------------------------------------
NET SALES $ 44,533
COSTS AND EXPENSES:
Cost of sales (42,989)
Selling and administrative (797)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (43,786)
- -------------------------------------------------------------------------------
Income/(Loss) before income taxes 747
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 747
- -------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 747
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
August 31, 2003; adjustments have been made to this Statement of Operations
to approximate results for the 28 days ended September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
DUNIGAN FUELS, INC. SEPTEMBER 6,2003
- ----------------------------------------------------------------------------------
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
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
FAVAR CONCEPTS, LTD SEPTEMBER 6, 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 (4)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (4)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (4)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6,2003.
[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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
FLEMING COMPANIES, INC. SEPTEMBER 6, 2003
- ----------------------------------------------------------------------------------
NET SALES $ 33,441
COSTS AND EXPENSES:
Cost of sales (32,288)
Selling and administrative (1,882)
Reorganization items, net (1)
Interest expense (201)
Interest income and other -
Impairment/restructuring charges (209)
Litigation charges -
- -------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (34,581)
- -------------------------------------------------------------------------------
Income/(Loss) before income taxes (1,140)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (1,140)
- -------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (12,802)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (12,802)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (13,942)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for the continuing operations of this legal entity
(four convenience divisions) was for the 31 days ended August 31, 2003;
adjustments have been made to this Statement of Operations to approximate
results for the 28 days ended September 6, 2003, The period of results for
the discontinued operations of this legal entity was for 28 days ended
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
FLEMING FOODS OF TEXAS, L.P. SEPTEMBER 6, 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 (42,536)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (42,536)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/ (LOSS) $ (42,536)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
FLEMING INTERNATIONAL, LTD SEPTEMBER 6, 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 LNCOME/(LOSS) $ (3)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6,2003.
[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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
FLEMING TRANSPORTATION SERVICES, INC. SEPTEMBER 6, 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 (6,107)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (6,107)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (6,107)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
HEAD DISTRIBUTING COMPANY SEPTEMBER 6, 2003
- ----------------------------------------------------------------------------------
NET SALES $ 10,631
COSTS AND EXPENSES:
Cost of sales (10,205)
Selling and administrative (1,244)
Reorganization items, net -
Interest expense -
Interest income and other 1
Impairment/restructuring charges -
Litigation charges -
- -------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (11,448)
- -------------------------------------------------------------------------------
Income/(Loss) before income taxes (817)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (817)
- -------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (817)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
August 31,2003; adjustments have been made to this Statement of Operations
to approximate results for the 28 days ended September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
MINTER-WEISMAN CO. SEPTEMBER 6, 2003
- ----------------------------------------------------------------------------------
NET SALES $ 24,959
COSTS AND EXPENSES:
Cost of sales (23,123)
Selling and administrative (1,923)
Reorganization items, net -
Interest expense -
Interest income and other 3
Impairment/restructuring charges -
Litigation charges -
- -------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (25,043)
- -------------------------------------------------------------------------------
Income/(Loss) before income taxes (84)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (84)
- -------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (84)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 31 days ended
August 31, 2003; adjustments have been made to this Statement of Operations
to approximate results for the 28 days ended September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
PIGGLY WIGGLY COMPANY SEPTEMBER6, 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 (781)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (781)
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (781)
- -------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------
AUGUST 10, 2003 -
PROGRESSIVE REALTY, INC. SEPTEMBER 6, 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:
Lncome/(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
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
AUGUST 10, 2003-
RAINBOW FOOD GROUP, INC. SEPTEMBER 6,2003
- --------------------------------------------------------------------
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 (756)
Taxes on income/loss) -
- -------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (756)
- -------------------------------------------------------------------
- -------------------------------------------------------------------
NET INCOME/(LOSS) $ (756)
- -------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
AUGUST 10, 2003-
RETAIL INVESTMENTS, INC. SEPTEMBER 6, 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
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
AUGUST 10, 2003-
RFS MARKETING SERVICES, INC. SEPTEMBER 6, 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
September 6, 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: 8/10/03 - 9/6/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
AUGUST 10, 2003-
RICHMAR FOODS, INC. SEPTEMBER 6, 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 (622)
Taxes on income/(loss) -
- -------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (622)
- -------------------------------------------------------------------
- -------------------------------------------------------------------
NET INCOME(LOSS) $ (622)
- -------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] SEPTEMBER 6, 2003
- ---------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 638,214
Receivables, net [3] 611,107
Inventories 182,124
Assets held for sale [4] 41,739
Other current assets 29,050
- ---------------------------------------------------------------------
TOTAL CURRENT ASSETS 1,502,234
- ---------------------------------------------------------------------
Investments and notes receivable, net 1,702
Investment in direct financing leases 7,150
- ---------------------------------------------------------------------
Net property and equipment 42,787
- ---------------------------------------------------------------------
Other assets 148,211
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
TOTAL ASSETS $ 1,702,084
- ---------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable [3] $ 25,392
Liabilities held for sale -
Other current liabilities 9,752
- ---------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 35,144
- ---------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 51,668
Other liabilities 1,060
Liabilities subject to compromise [5][6] 3,090,207
Net intercompany due to (from) [7] 1,866
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 135,221
Capital in excess of par value 706,794
Reinvested earnings (deficit) (2,192,448)
Accumulated other comprehensive income:
Additional minimum pension liability (129,215)
Cumulative foreign currency
translation adjustment 1,787
- ---------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,477,861)
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,702,084
- ---------------------------------------------------------------------
FORM MOR - 3
LIABILITIES SUBJECT TO COMPROMISE [5][6]
Debt and notes payable [8][9] $ 1,858,050
Account payable [10][15] 727,130
Closed store reserves [11] 40,454
Other liabilities [12][16] 203,406
Pension obligation [13][17] 224,135
Taxes payable [14][18] 37,032
-----------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 3,090,207
LIABILITIES SUBJECT TO COMPROMISE ASSUMPTIONS
GENERAL
[1] The period close for certain legal entities was as of September 6,2003
and as of August 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., Fleming
Supermarkets of Florida, Inc., Food 4 Less Beverage Company, Inc.,
FuelServ, Inc., General Acceptance Corporation, Marquise Ventures
Company, Inc. and Retail Supermarkets, Inc., as these entities had no
ending balances as of period close. Further, the related Balance Sheets
are excluded from the Monthly Operating Report.
[3] The accounts payable balance as of September 6 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.
No amount has currently been reserved for receivables from vendors.
[4] Continuing Operations as of Period 9,2003 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 torn Loan and
related accrued interest. The debt and notes payable (excluding accured
interest) are period 9 balances. Accrued interest relates to all
prepetition debt included in Liabilities Subject to Compromise.
[10] Accounts payable includes trade payable, 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 9 balances.
[12] Other liabilities includes accrued compensation, accrued severance,
union pension withdrawal liabilities, other current liabilities,
deferred income, end 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 9). Accrued
severance was taken from the SOFA schedules.
[13] Pension obligation is a period 9 balance.
[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 9 balance.
[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.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- ---------------------------------------------------------------------
AS OF
ABCO FOOD GROUP, INC. SEPTEMBER 6, 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 1,302
Net intercompany due to (from) (1,297)
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 -
Closed store reserves -
Other liabilities 1,302
Pension obligation -
Taxes payable -
-----------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,302
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was September 6,2003; 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; 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERNATIONAL, INC. AUGUST 31, 2003
- ---------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 201,532
Receivables, net 187,024
Inventories 97,105
Assets held for sale -
Other current assets 11,472
- ---------------------------------------------------------------------
TOTAL CURRENT ASSETS 497,133
- ---------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------
Net property and equipment 20,233
- ---------------------------------------------------------------------
Other assets 40,195
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
TOTAL ASSETS $ 557,561
- ---------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 3,349
- ---------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 3,349
- ---------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 192,848
Net intercompany due to (from) 361,364
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 $ 557,561
- ---------------------------------------------------------------------
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
9 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERRELATED COMPANIES, INC. AUGUST 31, 2003
- ---------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 2
Receivables, net 2,710
Inventories 8,591
Assets held for sale -
Other current assets 30
- ---------------------------------------------------------------------
TOTAL CURRENT ASSETS 11,333
- ---------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------
Net property and equipment 330
- ---------------------------------------------------------------------
Other assets -
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
TOTAL ASSETS $ 11,663
- ---------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 590
Liabilities held for sale -
Other current liabilities 80
- ---------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 670
- ---------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,031
Net intercompany due to (from) 9,962
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 $ 11,663
- ---------------------------------------------------------------------
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
9 as necessary.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) (1)
(DOLLARS IN 000'S)
- ---------------------------------------------------------------------------
AS OF
CORE-MARK MID-CONTINENT, INC. AUGUST 31, 2003
- ---------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 88
Receivables, net 24,113
Inventories 24,965
Assets held for sale -
Other current assets 1,652
- ---------------------------------------------------------------------------
TOTAL CURRENT ASSETS 50,818
- ---------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------
Net property and equipment 11,965
- ---------------------------------------------------------------------------
Other assets 2,969
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
TOTAL ASSETS $ 65,752
- ---------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 7,888
Liabilities held for sale -
Other current liabilities 446
- ---------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 8,334
- ---------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,075
Net intercompany due to (from) 52,343
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 $ 65,752
- ---------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 4,212
Closed store reserves -
Other liabilities 844
Pension obligation -
Taxes payable 19
---------------
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 9 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
DUNIGAN FUELS, INC. SEPTEMBER 6, 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 September 6, 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: 8/10/03-9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
FAVAR CONCEPTS, LTD SEPTEMBER 6, 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 $ 93
Liabilities held for sale -
Other current liabilities -
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 93
- -----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 459
Net intercompany due to (from) (552)
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 September 6, 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: 8/10/03-9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
FLEMING COMPANIES, INC. SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 436,579
Receivables, net 293,751
Inventories 23,141
Assets held for sale -
Other current assets 13,331
- -----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 766,802
- -----------------------------------------------------------------------------
Investments and notes receivable, net 1,702
Investment in direct financing leases 7,150
- -----------------------------------------------------------------------------
Net property and equipment 4,345
- -----------------------------------------------------------------------------
Other assets 95,063
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL ASSETS $ 875,062
- -----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 8,640
Liabilities held for sale -
Other current liabilities 2,792
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 11,432
- -----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 16,644
Other liabilities 1,060
Liabilities subject to compromise 2,784,586
Net intercompany due to (from) (460,799)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 135,221
Capital in excess of par value 706,794
Reinvested earnings (deficit) (2,192,448)
Accumulated other comprehensive income:
Additional minimum pension liability (129,215)
Cumulative foreign currency translation adjustment 1,787
- -----------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,477,861)
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 875,062
- -----------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ 1,858,050
Accounts payable 453,748
Closed store reserves 40,282
Other liabilities 189,897
Pension obligation 218,507
Taxes payable 24,102
-----------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,784,586
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 August 31, 2003, and for the discontinued
operations as of September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
FLEMING FOODS OF TEXAS, L.P. SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 57,449
Inventories -
Assets held for sale -
Other current assets 802
- -----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 58,251
- -----------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------
Other assets 8,278
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL ASSETS $ 66,529
- -----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 260
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 260
- -----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 1,332
Other liabilities -
Liabilities subject to compromise 43,442
Net intercompany due to (from) 21,495
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 $ 66,529
- -----------------------------------------------------------------------------
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 September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
FLEMING INTERNATIONAL, LTD SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 441
Inventories -
Assets held for sale -
Other current assets -
- -----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 441
- -----------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------
Other assets 48
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL ASSETS $ 489
- -----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
- -----------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 36
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 36
- -----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 453
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 $ 489
- -----------------------------------------------------------------------------
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 September 6,2003; 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
FLEMING TRANSPORTATION SERVICES, INC. SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 1,983
Inventories -
Assets held for sale -
Other current assets 40
- -----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 2,023
- -----------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------
Other assets -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL ASSETS $ 2,023
- -----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 124
Liabilities held for sale -
Other current liabilities 392
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 516
- -----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 242
Net intercompany due to (from) 1,265
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 $ 2,023
- -----------------------------------------------------------------------------
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 September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- ---------------------------------------------------------------------------
AS OF
HEAD DISTRIBUTING COMPANY AUGUST 31, 2003
- ---------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 15,040
Inventories 13,294
Assets held for sale -
Other current assets 609
- ---------------------------------------------------------------------------
TOTAL CURRENT ASSETS 28,943
- ---------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------
Net property and equipment 3,681
- ---------------------------------------------------------------------------
Other assets 1,074
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
TOTAL ASSETS $ 33,698
- ---------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 1,148
- ---------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 1,148
- ---------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 7,416
Net intercompany due to (from) 25,134
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 $ 33,698
- ---------------------------------------------------------------------------
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 9 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- ---------------------------------------------------------------------------
AS OF
MINTER-WEISMAN CO. AUGUST 31, 2003
- ---------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 14,459
Inventories 15,028
Assets held for sale -
Other current assets 979
- ---------------------------------------------------------------------------
TOTAL CURRENT ASSETS 30,466
- ---------------------------------------------------------------------------
Investments and nates receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------
Net property and equipment 2,233
- ---------------------------------------------------------------------------
Other assets 469
- ---------------------------------------------------------------------------
- ---------------------------------------------------------------------------
TOTAL ASSETS $ 33,168
- ---------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 7,202
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 7,202
- ---------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 6,017
Net intercompany due to (from) 19,949
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 $ 33,168
- ---------------------------------------------------------------------------
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 9 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
PIGGLY WIGGLY COMPANY SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 1,389
Inventories -
Assets held for sale -
Other current assets 114
- -----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 1,503
- -----------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------
Other assets -
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL ASSETS $ 1,503
- -----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 49
Liabilities held for sale -
Other current liabilities 16
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 65
- -----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 597
Net intercompany due to (from) 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 $ 1,503
- -----------------------------------------------------------------------------
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 September 6, 2003; therefore all
liabilities were reviewed with prepetition amounts reclassified as
Liabilities Subject to Compromise. Estimates were made on certain accounts
where the breakout whs not determinable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
PROGRESSIVE REALTY, INC. SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash end 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 September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
RAINBOW FOOD GROUP, INC. SEPTEMBER 6, 2003
- -----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 5,619
Inventories -
Assets held for sale 20,982
Other current assets 17
- -----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 26,618
- -----------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------
Other assets 80
- -----------------------------------------------------------------------------
- -----------------------------------------------------------------------------
TOTAL ASSETS $ 26,698
- -----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 629
Liabilities held for sale -
Other current liabilities 455
- -----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 1,084
- -----------------------------------------------------------------------------
Long-term debt -
Long-teim obligations under capital leases 23,511
Other liabilities -
Liabilities subject to compromise 19,274
Net intercompany due to (from) (17,171)
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 $ 26,698
- -----------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 19,073
Closed store reserves -
Other liabilities 201
Pension obligation -
Taxes payable -
-----------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,274
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------
AS OF
RETAIL INVESTMENTS, INC. SEPTEMBER 6, 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 September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------
AS OF
RFS MARKETING SERVICES, INC. SEPTEMBER 6, 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 53
Net intercompany due to (from) 16
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 September 6, 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: 8/10/03 - 9/6/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------
AS OF
RICHMAR FOODS, INC. SEPTEMBER 6, 2003
- ----------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 4,041
Inventories -
Assets held for sale 20,757
Other current assets -
- ----------------------------------------------------------------------------
TOTAL CURRENT ASSETS 24,798
- ----------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ----------------------------------------------------------------------------
Net property and equipment -
- ----------------------------------------------------------------------------
Other assets -
- ----------------------------------------------------------------------------
- ----------------------------------------------------------------------------
TOTAL ASSETS $ 24,798
- ----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 168
Liabilities held for sale -
Other current liabilities 485
- ----------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 653
- ----------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 10,181
Other liabilities -
Liabilities subject to compromise 17,778
Net intercompany due to (from) (3,814)
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 $ 24,798
- ----------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 12,110
Closed store reserves -
Other liabilities 2,178
Pension obligation 50
Taxes payable 3,440
----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 17,778
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was September 6, 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: 8/10/03 - 9/6/03
(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] $ (72) $ (3,882) $ 3,839 $ (115)
- ---------------------------------------------------------------------------------------
Income (938) (37) 0 (975)
- ---------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES $ (1,010) $ (3,919) $ 3,839 $ (1,090)
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
State and Local
- ---------------------------------------------------------------------------------------
Payroll Taxes [1] $ (378) $ (460) $ 525 $ (313)
- ---------------------------------------------------------------------------------------
Sales [2][12] (680) (1,288) 313 (1,655)
- ---------------------------------------------------------------------------------------
Excise [2] (45) (7) 20 (32)
- ---------------------------------------------------------------------------------------
Real & Personal Property [3] (11,173) (56) 761 (10,468)
- ---------------------------------------------------------------------------------------
Cigarette & Tobacco [4] - (260) 260 -
- ---------------------------------------------------------------------------------------
Franchise [2] (291) - 15 (276)
- ---------------------------------------------------------------------------------------
Total State and Local $(12,567) $ (2,071) $ 1,894 $(12,744)
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
TOTAL TAXES $(13,577) $ (5,990) $ 5,733 $(13,834)
- ---------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
Beginning Amount Ending
Tax Withheld or Amount Tax
CORE-MARK [9] Liability Accrued Paid Liability
- -----------------------------------------------------------------------------------------
Federal
- -----------------------------------------------------------------------------------------
Payroll Taxes [1] $ (431) $ (3,616) $ 3,842 $ (205)
- -----------------------------------------------------------------------------------------
Income - - - -
- -----------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES $ (431) $ (3,616) $ 3,842 $ (205)
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
State and Local
- -----------------------------------------------------------------------------------------
Payroll Taxes [1] $ 17 $ (519) $ 502 $ 0
- -----------------------------------------------------------------------------------------
Sales (38) (36) 60 (14)
- -----------------------------------------------------------------------------------------
Excise (425) (211) 144 (492)
- -----------------------------------------------------------------------------------------
Real & Personal Property [3] (374) (110) 18 (466)
- -----------------------------------------------------------------------------------------
Cigarette & Tobacco (48,331) (83,929) 92,889 (39,371)
- -----------------------------------------------------------------------------------------
Other: GST [5] (2,085) (2,249) 2,275 (2,059)
- -----------------------------------------------------------------------------------------
Other: Spokane & Portland B&O Tax [6] (177) (52) 149 (80)
- -----------------------------------------------------------------------------------------
Total State and Local $(51,413) $ (87,106) $ 96,037 $(42,482)
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
TOTAL TAXES $(51,844) $ (90,722) $ 99,879 $(42,687)
- -----------------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
- ----------------------------------------------------------
FLEMING Accounts Payable Aging (in thousands) Amount
- ----------------------------------------------------------
Current $ -
- ----------------------------------------------------------
0 - 30 days (7) 16,914
- ----------------------------------------------------------
31 - 60 days -
- ----------------------------------------------------------
61 - 90 days -
- ----------------------------------------------------------
91+ days -
- ----------------------------------------------------------
Total Accounts Payable [8] $ 16,914
- ----------------------------------------------------------
- ------------------------------------------------------------
CORE-MARK Accounts Payable Aging (in thousands) [9] Amount
- ------------------------------------------------------------
Current $ -
- ------------------------------------------------------------
0 - 30 days [7] [10] 8,478
- ------------------------------------------------------------
31 - 60 days -
- ------------------------------------------------------------
61 - 90 days -
- ------------------------------------------------------------
91+ days -
- ------------------------------------------------------------
Total Accounts Payable [8] $ 8,478
- ------------------------------------------------------------
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 [ILLEGIBLE], 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 8 balance the net accrual increase/decrease in period 9.
[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 [ILLEGIBLE] excludes [ILLEGIBLE] 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 [ILLEGIBLE] accrual
basis. The period 9 expense was recorded as the accrual and the expense
[ILLEGIBLE].
[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 9 which is August 1, 2003 through August 31, 2003.
[10] Core-Mark's Accounts Payable Aging excludes the "Fleming 7" entities.
[11] Amount Paid represents amounts paid, amounts received and other adjustments
during the period.
[12] The beginning tax liability for period 9 includes an [ILLEGIBLE] error
correction from the period 8 ending balance.
FORM MOR - 4
FLEMING COMPANIES, INC. AT AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
(DOLLARS IN 000'S)
ACCOUNTS RECEIVABLE AGINGS
- ----------------------------------------------- ---------
FLEMING Accounts Receivable Aging [1] [2] [7] Amount
- ----------------------------------------------- ---------
Not Due $ 3,798
- ----------------------------------------------- ---------
Current 33,689
- ----------------------------------------------- ---------
1 - 7 days old 21,668
- ----------------------------------------------- ---------
8 - 14 days old 62,589
- ----------------------------------------------- ---------
15 - 21 days old 34,752
- ----------------------------------------------- ---------
+ Over 21 days 336,574
- ----------------------------------------------- ---------
Credits Over 21 days [1] (41,092)
- ----------------------------------------------- ---------
Total Accounts Receivable $ 451,978
- ----------------------------------------------- ---------
Amount considered uncollectible (Bad Debt) [3] (54,716)
- ----------------------------------------------- ---------
Accounts Receivable (Net) $ 397,263
- ----------------------------------------------- ---------
- ----------------------------------------------- ----------
CORE-MARK Accounts Receivable Aging [1] [4] [7] Amount
- ----------------------------------------------- ----------
Current $ 186,774
- ----------------------------------------------- ----------
1 - 30 days old 25,049
- ----------------------------------------------- ----------
31 - 45 days old 785
- ----------------------------------------------- ----------
40 - 60 days old 386
- ----------------------------------------------- ----------
61 - 90 days old 676
- ----------------------------------------------- ----------
91 - 120 days old 301
- ----------------------------------------------- ----------
+ Over 120 days 3,450
- ----------------------------------------------- ----------
Total Accounts Receivable $ 217,421
- ----------------------------------------------- ----------
Amount considered uncollectible (Bad Debt) [3] (3,573)
- ----------------------------------------------- ----------
Accounts Receivable (Net) $ 213,848
- ----------------------------------------------- ----------
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 29.31% 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 September 6, 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 9 ended
August 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 August 15, 2003 the Company liquidated inventory of approximately $3.9
million. On August 23, 2003 the Company sold substantially all grocery
wholesale assets for approximately $237.8 million. On September 3, 2003 the
Company sold land located in Kansas and Michigan totaling approximately
$1.9 million. Also on September 3, 2003 the Company sold liquor licenses,
miscellaneous assets and assumed leases for approximately $0.6 million.
[6] Four tax returns were not filed timely due to incomplete information. The
four returns were August 2003 Nebraska Cigarette Return - Lincoln Division;
August 2003 Arkansas Egg Return - Garland Division; August 2003 Alabama
Cigarette Return - Geneva Division; August 2003 Louisiana Tobacco Tax
Return-Lafayette Division.
[7] Any net debit balance resulting from vendor deductions in accounts payable
has been classified to accounts receivable. No amount has currently been
reserved for receivables from vendors.
FORM MOR - 5
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/03 - 9/6/03
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).
April 8, 2003
Mr. Mark Shapiro
Chief Financial Officer
Fleming Companies, Inc.
l945 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. Mark 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 this 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 out 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
Joyee 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
telecommunication), 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, this 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 noted 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 arrangement by signing
and retaining 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 B&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 terms 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 far 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 parties.
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, tins 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 I
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 falling
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 the 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 end 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 (Fl) 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 me 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.
[ERNST & YOUNG LLP LETTERHEAD]
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 8/10/2003 TO 9/06/2003
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 them 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 and/or inability for accounts payable to print checks
needed to remit with the return at the time the returns were due.
These returns have subsequently been filed with the appropriate jurisdictions.
August 2003 Nebraska Cigarette Return--Lincoln Division;
August 2003 Arkansas Egg Return--Garland Division;
August 2003 Alabama Cigarette Return--Geneva Division;
August 2003 Louisiana Tobacco Tax Return--Lafayette Division;
To the best 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.
October 17,2003 -s- Lisa P. Shield
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Date Lisa P. Shield, Partner