EXHIBIT 99.1
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: 9/7/03 - 10/4/03
MONTHLY OPERATING REPORT
FILE WITH COURT AND SUBMIT COPY TO UNITED STATES TRUSTEE WITHIN 45 DAYS AFTER
END OF THE PERIOD
Submit copy of report to any official committee appointed in the case.
DOCUMENT EXPLANATION
REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED
- ------------------ -------- -------- --------
Schedule of Cash Receipts and Disbursements MOR - 1
Weekly Receipts & Disbursements A X
Cash Disbursements by Petitioning Entity B X
Bank Account Information C X
Statement of Operations MOR-2 X
Balance Sheet MOR-3 X
Status of Pastpetition Taxes MOR-4 X
Copies of IRS Form 6123 or payment receipt (See Tax Affidavit) X
Copies of tax return is filed during reporting period (See Tax X
Affidavit)
Summary of Unpaid Postpetition Debts MOR-4 X
Summary Accounts Receivable Aging MOR-5 X
Debtor Questionaire MOR-5 X
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report
and the attached documents are true and correct to the best of my knowledge and
belief.
RESPONSIBLE PARTY:
/s/ Rebecca A. Roof Interim Chief Financial Officer
- --------------------------------- -------------------------------
Signature of Responsible Party Title
Rebecca A. Roof 12/11/03
- --------------------------------- -------------------------------
Printed Name of Responsible Party Date
SPECIAL NOTE:
During its review of the Period 10 Monthly Operating Report (MOR), the Company
became aware of the misclassification of several items reported in the Period 9
MOR. The Company will file an amended Period 9 MOR no later than December
19,2003. The cumulative effect of the correction of these misclassificaitons has
been included herein.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
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] [12]:
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 [13]:
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] Period 10 refers to September 7, 2003 through October 4, 2003.
[12] The Monthly Operating Report excludes financial activity related to
non-Debtor entities (i.e., Cerespan.com and Choteau Development Company,
LLC).
[13] Core-Mark entities are on a different reporting schedule with period 10
reflecting a Balance Sheet as of September 30, 2003. The Statement of
Operations has been estimated through October 4, 2003 to be consistent with
Fleming.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
WEEKLY RECEIPTS AND DISBURSEMENTS [1]
(DOLLARS IN 000'S)
-------------------------------------------------------------------------------------
CURRENT CUMULATIVE
PERIOD FILING
WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5[2] TOTAL TO DATE
-------------------------------------------------------------------------------------
CASH RECEIPTS:
Fleming Receipts $ 10,077 9,129 4,001 2,493 696 $ 26,396 $ 2,399,103
Core-Mark Receipts 69,147 71,391 68,874 72,512 32,864 314,788 2,188,665
Asset / Excess Inventory Sales & Other 1,698 319 1,128 1,574 1,513 6,232 270,503
- ----------------------------------------------------------------------------------------------------------------------------------
ACTUAL RECEIPTS $ 80,922 $ 80,839 $ 74,003 $ 76,579 $ 35,073 $ 347,416 $ 4,858,271
- ----------------------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming $ (4,861) (1,341) (846) (2,039) (221) $ (9,308) $(1,618,642)
Material Purchases - Core-Mark (43,031) (49,083) (49,283) (53,655) (20,168) (215,220) (1,644,255)
Tax Disbursements - Cigarettes (8,215) (10,963) (10,705) (11,848) (4,586) (46,317) (302,306)
Tax Disbursements - Other (38) (103) (132) (2) (2) (277) (8,047)
Employee & Payroll (6,072) (5,922) (1,707) (5,141) (883) (19,725) (280,468)
Lease & Recurring Costs (1,149) (595) (422) (521) (337) (3,024) (84,921)
Other Operating Costs (1,797) (4,030) (4,474) (2,596) (512) (13,409) (211,240)
- ----------------------------------------------------------------------------------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $(65,163) $(72,037) $(67,569) $(75,802) $(26,709) $(307,280) $(4,149,879)
- ----------------------------------------------------------------------------------------------------------------------------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [3] $ - - (4,000) - - $ (4,000) $ (92,781)
Capital Expenditures - - - - - - (2,216)
Restructuring & Professional Fees (344) (4,607) (229) (5,082) (290) (10,552) (34,988)
Interest & Financing (467) (4) - - (1,926) (2,397) (74,922)
Other Non-Operating Costs - - - - - - -
- ----------------------------------------------------------------------------------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (811) $ (4,611) $ (4,229) $ (5,082) $ (2,216) $ (16,949) $ (204,907)
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
TOTAL ACTUAL DISBURSEMENTS $(65,974) $(76,648) $(71,798) $(80,884) $(28,925) $(324,229) $(4,354,786)
- ----------------------------------------------------------------------------------------------------------------------------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN)
- ------------------------------------------------------------------------------------------------
TOTAL DISBURSEMENTS $ (324,229)
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 $ (324,229)
- ------------------------------------------------------------------------------------------------
NOTES
[1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's
September 1 through September 30 receipts and disbursements.
[2] Per agreement with the U.S. Trustee, cash receipts and disbursements
related to September 1 through September 30 were only included. Therefore,
Week 5 includes only two days related to cash receipts and disbursements
for September 2003.
[3] The period 10 Monthly Operating report (including the period 4 through 9
Monthly Operating Reports previously filed) includes within the
DSD/Critical Vendor/PACA Payments, among others, DSD and PACA disbursements
made to segregated escrow accounts for future disbursement. The DSD and
PACA escrow disbursements do not represent actual DSD and PACA settlement
disbursements made during the period, only those funds set aside in escrow.
FORM MOR - 1A
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
CASH DISBURSEMENTS BY PETITIONING ENTITY [1]
(DOLLARS IN 000'S)
- ------------------------------------------------------------------------------------------------------------
PETITIONING ENTITIES CASE NUMBER CURRENT PERIOD TOTAL CUMULATIVE FILING TO DATE
- ------------------------------------------------------------------------------------------------------------
Core-Mark International, Inc. 03-10944 $ (182,840) $ (1,436,475)
Fleming Companies, Inc. 03-10945 (60,665) (2,001,166)
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 (42,827) (303,473)
Core-Mark Interrelated Companies, Inc. 03-10951 (6,880) (48,073)
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 341 (113,245)
Fleming International, Ltd. 03-10956 1 (1,399)
Fleming Transportation Service, Inc. 03-10957 114 117
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 (6,172) (45,171)
Minter Weisman Co. 03-10964 (25,363) (135,704)
Piggly Wiggly Company 03-10965 (78) (895)
Progressive Realty, Inc. 03-10966 - (4)
Rainbow Food Group, Inc. 03-10967 (15) (31,741)
Retail Investments, Inc. 03-10968 (70) (165,195)
Retail Supermarkets, Inc. 03-10970 - -
RFS Marketing Services, Inc. 03-10971 - -
Richmar Foods, Inc. 03-10972 42 (71,628)
Dunigan Fuels, Inc. 03-10973 183 (67)
- ------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------
TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (324,229) $ (4,354,786)
- ------------------------------------------------------------------------------------------------------
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 9/1/03 - 9/30/03 (approximately $12.4 million for Fleming
and approximately $7.3 million for Core-Mark) were allocated to the related
Fleming and Core-Mark entities based on the % of each entities total sales
to total Fleming Sales/Core-Mark sales. In particular, Core-Mark's
disbursements were allocated to the 9 entities (Head Distributing and
Minter Weisman are not included in Fleming's payroll total as of Period 7)
and Fleming's disbursements to the 20 Fleming entities.
[2] Total cash disbursements provided by both Core-Mark and Fleming during the
period did not agree to Total Actual Disbursements on the Weekly Receipts
and Disbursement schedule. Therefore, the difference was allocated between
the Core-Mark and Fleming entities based on each entities % of total cash
disbursements prior to allocation.
[3] Total Actual Disbursements contain Core-Mark's and Fleming's disbursements
for 9/1/03 - 9/30/03 for the Current Period and for 4/1/03 - 9/30/03 for
the Cumulative Filing to Date.
FORM MOR - 1B
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
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. JP Morgan 6300036160 Disbursement
Fleming Companies, Inc. JP Morgan 6300062117 Disbursement
Fleming Companies, Inc. JP Morgan 6300064998 Disbursement
Fleming Companies, Inc. JP Morgan 6300065052 Disbursement
Fleming Companies, Inc. 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. JP 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
- ---------------------------------------------------------------------------
SEPTEMBER 7, 2003 -
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] OCTOBER 4, 2003
- ---------------------------------------------------------------------------
NET SALES $ 327,630
COSTS AND EXPENSES: [3]
Cost of sales (321,126)
Selling and administrative (11,717)
Reorganization items, net (385)
Interest expense (232)
Interest income and other 203
Impairment/restructuring charges (231)
Litigation charges -
- ---------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (333,488)
- ---------------------------------------------------------------------
Income/(Loss) before income taxes (5,858)
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (5,858)
- ---------------------------------------------------------------------
DISCONTINUED OPERATIONS: [4]
Income/(Loss) before income taxes (59,253)
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (59,253)
- ---------------------------------------------------------------------
- ---------------------------------------------------------------------
NET INCOME/(LOSS) $ (65,111)
- ---------------------------------------------------------------------
NOTES
[1] Results of certain legal entities have been approximated to the 28 days
from September 7, 2003 through October 4, 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. In addition, no individual Statement of Operations have been
provided for these legal entities in the Monthly Operating Report. The
individual Statements of Operations for RFS Marketing Services, Inc.,
Dunigan Fuels, Inc., Progressive Realty, Inc. and Retail Investments, Inc
were included, although they had no activity in their Statements of
Operations, because their balance sheets did have activity and have been
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 10, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- -----------------------------------------------------------------------------------
SEPTEMBER 7, 2003 -
ABCO FOOD GROUP, INC. OCTOBER 4, 2003
- -----------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- --------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- --------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes 1
Taxes on income/(loss) -
- --------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 1
- --------------------------------------------------------------------------
- --------------------------------------------------------------------------
NET INCOME/(LOSS) $ 1
- --------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- --------------------------------------------------------------------------------------
SEPTEMBER 1, 2003 -
CORE-MARK INTERNATIONAL, INC. SEPTEMBER 30, 2003
- --------------------------------------------------------------------------------------
NET SALES $ 222,488
COSTS AND EXPENSES:
Cost of sales (222,417)
Selling and administrative (5,711)
Reorganization items, net (386)
Interest expense (15)
Interest income and other 159
Impairment/restructuring charges (15)
Litigation charges -
- ---------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (228,385)
- ---------------------------------------------------------------------------------
Income/(Loss) before income taxes (5,897)
Taxes on income/(loss) -
- ---------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (5,897)
- ---------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- ---------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (5,897)
- ---------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 30 days ended
September 30, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ----------------------------------------------------------------------------------------
SEPTEMBER 1, 2003 -
CORE-MARK INTERRELATED COMPANIES, INC. SEPTEMBER 30, 2003
- ----------------------------------------------------------------------------------------
NET SALES $ 6,829
COSTS AND EXPENSES:
Cost of sales (6,531)
Selling and administrative (102)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- ---------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (6,633)
- ---------------------------------------------------------------------------------
Income/(Loss) before income taxes 196
Taxes on income/(loss) -
- ---------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 196
- ---------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- ---------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 196
- ---------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 30 days ended
September 30, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
- ---------------------------------------------------------------------------------------
SEPTEMBER 1, 2003 -
CORE-MARK MID-CONTINENT, INC. SEPTEMBER 30, 2003
- ---------------------------------------------------------------------------------------
NET SALES $ 41,965
COSTS AND EXPENSES:
Cost of sales (40,516)
Selling and administrative (773)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- ---------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (41,289)
- ---------------------------------------------------------------------------------
Income/(Loss) before income taxes 676
Taxes on income/(loss) -
- ---------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 676
- ---------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- ---------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 676
- ---------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 30 days ended
September 30, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
DUNIGAN FUELS, INC. OCTOBER 4, 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
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
FAVAR CONCEPTS, LTD OCTOBER 4, 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 (45)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (45)
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (45)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
FLEMING COMPANIES, INC. OCTOBER 4, 2003
- --------------------------------------------------------------------------------------
NET SALES $ 23,621
COSTS AND EXPENSES:
Cost of sales (20,868)
Selling and administrative (2,054)
Reorganization items, net 1
Interest expense (217)
Interest income and other 43
Impairment/restructuring charges (216)
Litigation charges -
- --------------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (23,311)
- --------------------------------------------------------------------------------------
Income/(Loss) before income taxes 310
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 310
- --------------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (26,321)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (26,321)
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (26,011)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for the continuing operations of this legal entity
(four convenience divisions) was for the 30 days ended September 30, 2003;
adjustments have been made to this Statement of Operations to approximate
results for the 28 days ended October 4, 2003. The period of results for the
discontinued operations of this legal entity was for 28 days ended October
4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
FLEMING FOODS OF TEXAS, L.P. OCTOBER 4, 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 (24,687)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (24,687)
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (24,687)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
FLEMING INTERNATIONAL, LTD OCTOBER 4, 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 (55)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (55)
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (55)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
FLEMING TRANSPORTATION SERVICES, INC. OCTOBER 4, 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 (5,235)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (5,235)
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (5,235)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 1, 2003 -
HEAD DISTRIBUTING COMPANY SEPTEMBER 30, 2003
- --------------------------------------------------------------------------------------
NET SALES $ 7,158
COSTS AND EXPENSES:
Cost of sales (7,257)
Selling and administrative (1,256)
Reorganization items, net -
Interest expense -
Interest income and other 1
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (8,512)
- --------------------------------------------------------------------------------------
Income/(Loss) before income taxes (1,354)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (1,354)
- --------------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (1,354)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 30 days ended
September 30, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 1, 2003 -
MINTER-WEISMAN CO. SEPTEMBER 30, 2003
- --------------------------------------------------------------------------------------
NET SALES $ 25,569
COSTS AND EXPENSES:
Cost of sales (23,537)
Selling and administrative (1,821)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (25,358)
- --------------------------------------------------------------------------------------
Income/(Loss) before income taxes 211
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 211
- --------------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 211
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 30 days ended
September 30, 2003; adjustments have been made to this Statement of
Operations to approximate results for the 28 days ended October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
PIGGLY WIGGLY COMPANY OCTOBER 4, 2003
- --------------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- --------------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- --------------------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- --------------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (1,056)
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1,056)
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (1,056)
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
PROGRESSIVE REALTY, INC. OCTOBER 4, 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
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
RAINBOW FOOD GROUP, INC. OCTOBER 4, 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 34
Taxes on income/(loss) -
- --------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 34
- --------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 34
- --------------------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
RETAIL INVESTMENTS, INC. OCTOBER 4, 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
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
RFS MARKETING SERVICES, INC. OCTOBER 4, 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
October 4, 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: 9/7/03 - 10/4/03
STATEMENT OF OPERATIONS (UNAUDITED) [1] [2]
(DOLLARS IN 000'S)
SEPTEMBER 7, 2003 -
RICHMAR FOODS, INC. OCTOBER 4, 2003
- ---------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
- -----------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES -
- -----------------------------------------------------------------------------
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
- -----------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (1,889)
Taxes on income/(loss) -
- -----------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1,889)
- -----------------------------------------------------------------------------
NET INCOME/(LOSS) $ (1,889)
- -----------------------------------------------------------------------------
NOTES
[1] The period of results for this legal entity was for the 28 days ended
October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] OCTOBER 4, 2003
- ----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 632,120
Receivables, net [3] 525,192
Inventories 176,257
Assets held for sale [4] 17,439
Other current assets 47,130
- -------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 1,398,138
- -------------------------------------------------------------------------------
Investments and notes receivable, net 1,724
Investment in direct financing leases 6,535
- -------------------------------------------------------------------------------
Net property and equipment 50,085
- -------------------------------------------------------------------------------
Other assets 145,240
- -------------------------------------------------------------------------------
TOTAL ASSETS $ 1,601,722
- -------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable [3] $ 72,283
Liabilities held for sale -
Other current liabilities [15] 47,222
- -------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 119,505
- -------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases [15] 7,818
Other liabilities 4,532
Liabilities subject to compromise [5] [6] 3,001,705
Net intercompany due to (from) [7] (7,586)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 709,521
Reinvested earnings (deficit) (2,242,731)
Accumulated other comprehensive income:
Additional minimum pension liability (129,215)
Cumulative foreign currency translation adjustment 1,952
- -------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $(1,524,252)
- -------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,601,722
- -------------------------------------------------------------------------------
FORM MOR - 3
LIABILITIES SUBJECT TO COMPROMISE [5] [6]
Debt and notes payable [8] [9] $ 1,857,883
Accounts payable [10] [16] 666,346
Closed store reserves [11] 40,364
Other liabilities [12] [17] 186,526
Pension obligation [13] [18] 220,287
Taxes payable [14] [19] 30,299
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 3,001,705
GENERAL
[1] The period close for certain legal entities was as of October 4, 2003.
Others had a period close of September 30, 2003. See additional
explanation on each legal entity's 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. In addition, no individual Balance
Sheets have been provided for these entities in the Monthly Operating
Report.
[3] The accounts payable balance as of October 4, 2003 includes accounts
due from customers as well as vendor deductions for PRADS, military,
advertising and other vendor related deductions. In previous periods,
the Company reclassified the net debit balances, for each legal entity,
from accounts payable to accounts receivable. As vendor detail
information has been reconciled, the Company has reclassified the net
debit balances identifiable by vendor for each legal entity. The
Company continues to reconcile such information and additional
adjustments are expected in future periods. No amount has currently
been reserved for receivables from vendors. Fleming continues to
evaluate the recoverability of its customer accounts receivable.
[4] Continuing Operations as of Period 10, 2003 includes only the
convenience business (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. The Company continues to
reconcile its liabilities subject to compromise and anticipates
additional adjustments will be made in future periods. Additionally,
the Company believes that an accounting entry was double-booked in
previous periods. A correcting entry has been made on a cumulative
basis in Period 10. See additional explanations on each legal entity's
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 overstated.
[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 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. balance
sheet.
FLEMING ENTITIES
[9] Debt and notes payable includes bonds, revolver and term Loan and
related accrued interest. The debt and notes payable (excluding accrued
interest) are period 10 balances. Accrued interest relates to all
prepetition debt included in Liabilities Subject to Compromise.
[10] Accounts payable includes trade payables, retailer incentives and
accrued expenses. Trade payables and accrued expenses less accrued
insurance were taken from the SOFA schedules (excludes Richmar Foods,
Inc., Dunigan Fuels, Inc., Favar Concepts, Ltd., Fleming Transportation
Service, Inc., Piggly Wiggly Company and RFS Marketing Services, Inc.)
Richmar Foods, Inc.'s balance represents a detailed review of the
accounts payable trial balance which was performed after the filing of
the SOFA schedules. Dunigan Fuels, Inc. is a period 4 balance. Favar
Concepts, Ltd., Fleming Transportation Service, Inc., Piggly Wiggly
Company and RFS Marketing Services, Inc. are period 3 balances plus
9/28ths of the net activity for period 4 (9 of the 28 days in period 4
were prepetition). Accrued insurance is a period 3 balance. Retailer
incentives is a period 3 balance plus 9/28ths of the net activity for
period 4. See also footnote 3 above.
[11] Closed store reserves are period 10 balances.
[12] Other liabilities includes accrued compensation, accrued severance,
union pension withdrawal liabilities, other current liabilities,
deferred income, and other long-term liabilities. Other current
liabilities, other long-term liabilities and deferred income are period
3 balances plus 9/28ths of the net activity for period 4. Accrued
Compensation and union pension withdrawal liabilities are period 4
balances (excludes vacation pay which is the amount earned in excess of
the $4,650 cap by employees terminated in periods 4 through 10).
Accrued severance was taken from the SOFA schedules.
[13] Pension obligation is a period 10 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.
[15] Net balances for capital leases do not include an amount for estimated
damages related to the Debtors' bankruptcy filing.
CORE-MARK ENTITIES
[16] Accounts payable includes trade payables, retailer incentives and
accrued expenses. Accounts payable represents a review of the accounts
payable trial balance. See also footnote 3 above.
[17] Other liabilities, which include accrued compensation, other current
liabilities and other long-term liabilities, represent a review of the
applicable balance sheet account.
[18] Pension obligation is a period 10 balance.
[19] Taxes payable includes income taxes and taxes other than income. Income
tax liability and taxes other than income are period 4 balances.
Cigarette taxes payable is included in accounts payable.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
ABCO FOOD GROUP, INC. OCTOBER 4, 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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERNATIONAL, INC. SEPTEMBER 30, 2003
- --------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [3] $ 353,880
Receivables, net 121,429
Inventories 93,849
Assets held for sale -
Other current assets 29,310
- --------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 598,468
- --------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------------
Net property and equipment 20,098
- --------------------------------------------------------------------------------------
Other assets 43,565
- --------------------------------------------------------------------------------------
TOTAL ASSETS $ 662,131
- --------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 62,112
Liabilities held for sale -
Other current liabilities 19,029
- --------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 81,141
- --------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 2,989
Liabilities subject to compromise 116,578
Net intercompany due to (from) 461,423
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 $ 662,131
- --------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 108,862
Closed store reserves -
Other liabilities -
Pension obligation 5,578
Taxes payable 2,138
------------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 116,578
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
10 as necessary.
[3] This cash balance is overstated (between Core-Mark and Fleming) due to
a concentration account not being swept for several periods. During
period 11 we made an amendment to our facility and swept the account.
the decreased balance will be reflected on the period 11 balance sheet.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERRELATED COMPANIES, INC. SEPTEMBER 30, 2003
- --------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 2
Receivables, net 2,472
Inventories 8,669
Assets held for sale -
Other current assets 40
- --------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 11,183
- --------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------------
Net property and equipment 322
- --------------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------------
TOTAL ASSETS $ 11,505
- --------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 1,527
Liabilities held for sale -
Other current liabilities 150
- --------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 1,677
- --------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 9,828
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 $ 11,505
- --------------------------------------------------------------------------------------
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] 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
10 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK MID-CONTINENT, INC. SEPTEMBER 30, 2003
- --------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 98
Receivables, net 22,857
Inventories 23,155
Assets held for sale -
Other current assets 1,602
- --------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 47,712
- --------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------------
Net property and equipment 11,855
- --------------------------------------------------------------------------------------
Other assets 2,847
- --------------------------------------------------------------------------------------
TOTAL ASSETS $ 62,414
- --------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 1,230
Liabilities held for sale -
Other current liabilities 1,255
- --------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 2,485
- --------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 7,544
Net intercompany due to (from) 52,385
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 $ 62,414
- --------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 7,544
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
------------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,544
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
10 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
DUNIGAN FUELS, INC. OCTOBER 4, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 3,037
Inventories -
Assets held for sale -
Other current assets -
- -----------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 3,037
- -----------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------------
Other assets -
- -----------------------------------------------------------------------------------
TOTAL ASSETS $ 3,037
- -----------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 302
Liabilities held for sale -
Other current liabilities -
- -----------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 302
- -----------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 8,867
Net intercompany due to (from) (6,132)
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 $ 3,037
- -----------------------------------------------------------------------------------
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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FAVAR CONCEPTS, LTD OCTOBER 4, 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 $ 63
Liabilities held for sale -
Other current liabilities -
- -----------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 63
- -----------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 459
Net intercompany due to (from) (522)
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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. OCTOBER 4, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 277,920
Receivables, net 279,184
Inventories 25,910
Assets held for sale 12,181
Other current assets 12,115
- -----------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 607,310
- -----------------------------------------------------------------------------------
Investments and notes receivable, net 1,724
Investment in direct financing leases 6,535
- -----------------------------------------------------------------------------------
Net property and equipment 11,956
- -----------------------------------------------------------------------------------
Other assets 97,182
- -----------------------------------------------------------------------------------
TOTAL ASSETS $ 724,707
- -----------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 3,312
Liabilities held for sale -
Other current liabilities 20,145
- -----------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 23,457
- -----------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases 7,818
Other liabilities 1,543
Liabilities subject to compromise 2,771,298
Net intercompany due to (from) (555,157)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 709,521
Reinvested earnings (deficit) (2,242,731)
Accumulated other comprehensive income:
Additional minimum pension liability (129,215)
Cumulative foreign currency translation adjustment 1,952
- -----------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,524,252)
- -----------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 724,707
- -----------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ 1,857,883
Accounts payable 453,748
Closed store reserves 40,192
Other liabilities 180,714
Pension obligation 214,659
Taxes payable 24,102
---------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,771,298
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 September 30, 2003, and for the
discontinued operations as of October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING FOODS OF TEXAS, L.P. OCTOBER 4, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 55,236
Inventories -
Assets held for sale 4,650
Other current assets -
- -----------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 59,886
- -----------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------------
Other assets 5
- -----------------------------------------------------------------------------------
TOTAL ASSETS $ 59,891
- -----------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 998
- -----------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 998
- -----------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 43,456
Net intercompany due to (from) 15,437
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 $ 59,891
- -----------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 42,027
Closed store reserves -
Other liabilities 819
Pension obligation -
Taxes payable 610
---------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 43,456
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING INTERNATIONAL, LTD OCTOBER 4, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 321
Inventories -
Assets held for sale -
Other current assets -
- -----------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 321
- -----------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -----------------------------------------------------------------------------------
Net property and equipment -
- -----------------------------------------------------------------------------------
Other assets -
- -----------------------------------------------------------------------------------
TOTAL ASSETS $ 321
- -----------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
- -----------------------------------------------------------------------------------
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 59
- -----------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 59
- -----------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 262
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 $ 321
- -----------------------------------------------------------------------------------
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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
FLEMING TRANSPORTATION SERVICES, INC. OCTOBER 4, 2003
- --------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 1,763
Inventories -
Assets held for sale 608
Other current assets -
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 2,371
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment -
- --------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 2,371
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 426
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 426
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 242
Net intercompany due to (from) 1,703
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 $ 2,371
- --------------------------------------------------------------------------------
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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
HEAD DISTRIBUTING COMPANY SEPTEMBER 30, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 12,375
Inventories 11,311
Assets held for sale -
Other current assets 635
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 24,321
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment 3,611
- --------------------------------------------------------------------------------
Other assets 1,074
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 29,006
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 1,229
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 1,229
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 7,320
Net intercompany due to (from) 20,457
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 $ 29,006
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 7,320
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,320
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 10 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
MINTER-WEISMAN CO. SEPTEMBER 30, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 206
Receivables, net 15,209
Inventories 13,363
Assets held for sale -
Other current assets 321
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 29,099
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment 2,243
- --------------------------------------------------------------------------------
Other assets 452
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 31,794
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 3,303
Liabilities held for sale -
Other current liabilities 207
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 3,510
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 9,326
Net intercompany due to (from) 18,958
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 $ 31,794
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 9,326
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9,326
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 10 as necessary.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
PIGGLY WIGGLY COMPANY OCTOBER 4, 2003
- ----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 1
Receivables, net 729
Inventories -
Assets held for sale -
Other current assets -
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 730
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment -
- --------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 730
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 19
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 19
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 597
Net intercompany due to (from) 114
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 $ 730
- --------------------------------------------------------------------------------
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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
PROGRESSIVE REALTY, INC. OCTOBER 4, 2003
- ----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net -
Inventories -
Assets held for sale -
Other current assets -
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS -
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment -
- --------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------
TOTAL ASSETS $ -
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 9
Liabilities held for sale -
Other current liabilities 290
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 299
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,220
Net intercompany due to (from) (1,519)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- --------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ -
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable -
Closed store reserves -
Other liabilities 1,220
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,220
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
RAINBOW FOOD GROUP, INC. OCTOBER 4, 2003
- -----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 5,849
Inventories -
Assets held for sale -
Other current assets 95
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 5,944
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment -
- --------------------------------------------------------------------------------
Other assets 80
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 6,024
- --------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 425
Liabilities held for sale -
Other current liabilities 2,949
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 3,374
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 19,309
Net intercompany due to (from) (16,659)
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 $ 6,024
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 19,073
Closed store reserves -
Other liabilities 236
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,309
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
RETAIL INVESTMENTS, INC. OCTOBER 4, 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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000's)
AS OF
RFS MARKETING SERVICES, INC. OCTOBER 4, 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 October 4, 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: 9/7/03 - 10/4/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RICHMAR FOODS, INC. OCTOBER 4, 2003
- ----------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 4,708
Inventories -
Assets held for sale -
Other current assets 3,008
- --------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 7,716
- --------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- --------------------------------------------------------------------------------
Net property and equipment -
- --------------------------------------------------------------------------------
Other assets -
- --------------------------------------------------------------------------------
TOTAL ASSETS $ 7,716
- ---------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities 463
- --------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 463
- --------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 14,134
Net intercompany due to (from) (6,881)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
- --------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- --------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 7,716
- --------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE [2]
Debt and notes payable $ -
Accounts payable 8,457
Closed store reserves -
Other liabilities 2,187
Pension obligation 50
Taxes payable 3,440
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 14,134
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] The period close for this legal entity was October 4, 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: 9/7/03 - 10/4/03
(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] $ (115) $ (3,541) $ 3,635 $ (21)
Income (975) (74) 54 (995)
TOTAL FEDERAL TAXES $ (1,090) $ (3,615) $ 3,689 $ (1,016)
- ----------------------------------------------------------------------------------------
STATE AND LOCAL
Payroll Taxes [1] $ (313) $ (549) $ 463 $ (399)
Sales [2][12] (1,681) (373) 124 (1,930)
Excise [2] (32) - 11 (21)
Real & Personal Property [3] (10,468) 365 1,403 (8,700)
Cigarette & Tobacco [4] - - - -
Franchise [2] (276) 74 1 (201)
Total State and Local (12,770) $ (483) $ 2,002 (11,251)
TOTAL TAXES (13,860) $ (4,098) $ 5,691 (12,267)
- -----------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX
CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY
- -----------------------------------------------------------------------------------------
FEDERAL
Payroll Taxes [1] $ (205) $ (2,521) $ 2,469 $ (257)
Income - - - -
TOTAL FEDERAL TAXES $ (205) $ (2,521) $ 2,469 $ (257)
- -----------------------------------------------------------------------------------------
STATE AND LOCAL
Payroll Taxes [1] $ 0 $ (324) $ 323 $ (1)
Sales (14) (43) 37 (20)
Excise (492) (176) 247 (421)
Real & Personal Property [3] (466) (192) 80 (578)
Cigarette & Tobacco (39,371) (85,892) 83,333 (41,930)
Other: GST [5] (2,059) (1,865) 2,009 (1,915)
Other: Spokane & Portland B&O Tax [6] (80) (28) (11) (119)
Total State and Local $ (42,482) $ (88,520) $ 86,018 $ (44,984)
TOTAL TAXES $ (42,687) $ (91,041) $ 88,487 $ (45,241)
- -----------------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT
Current $ -
0 - 30 days [7] 7,414
31 - 60 days -
61 - 90 days -
91+ days -
Total Accounts Payable [8] $ 7,414
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT
Current $ -
0 - 30 days [7] [10] 64,869
31 - 60 days -
61 - 90 days -
91+ days -
Total Accounts Payable [8] $ 64,869
EXPLAIN HOW AND WHEN THE DEBTOR INTENDS TO PAY ANY PAST-DUE POSTPETITION DEBTS.
Fleming Companies, Inc. and its related subsidiaries do not have material past
due postpetition debts. However, those debts that are past due will be paid
through the ordinary course of business. Further, Fleming Companies, Inc.
anticipates it will incur certain contract cure costs related to those contracts
assigned to C&S Wholesale Grocers, Inc. as a result of the sale of Fleming
Companies, Inc.'s wholesale grocery operations.
NOTES
[1] Payroll taxes include all employer and employee payroll related items
withheld and accrued. Further, Fleming's payroll taxes, both federal and
state, include Core-Mark's seven Eastern divisions.
[2] Sales, Excise and Franchise postpetition taxes are calculated by adding to
the period 9 balance the net accrual increase/decrease in period 10.
[3] Fleming's postpetition Real and personal property taxes include 275/365 of
2003 (April 2003 through December 2003) taxes and 2004 taxes. Additionally,
Core-Mark's Real & personal property taxes excludes Plymouth as it is
included in Fleming. All other Eastern divisions are included in Core-Mark.
[4] There is no longer an accrual or expense related to cigarette and tobacco
taxes as all the applicable Fleming entities have been closed or sold.
[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 10 which is September 1, 2003 through September 30, 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 10 includes an immaterial error
correction from the period 9 ending balance.
FORM MOR - 4
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
(DOLLARS IN 000'S)
ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT
- ------------------------------------------------------ -----------
Not Due $ 323
Current 34,005
1 - 7 days old 8,807
8 - 14 days old 2,752
15 - 21 days old 4,151
+ Over 21 days 454,183
Credits Over 21 days [1] (61,870)
Total Accounts Receivable $ 442,351
Amount considered uncollectible (Bad Debt) [3] (63,916)
Accounts Receivable (Net) $ 378,435
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT
- ------------------------------------------------------ -------------
Current $ 126,560
1 - 30 days old 17,272
31 - 45 days old 1,955
40 - 60 days old 376
61 - 90 days old 173
91 - 120 days old 314
+ Over 120 days 2,925
Total Accounts Receivable $ 149,575
Amount considered uncollectible (Bad Debt) [3] (2,817)
Accounts Receivable (Net) $ 146,758
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 26.06% 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 October 4, 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 10 ended
September 30, 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] There has been no sales activity outside of the normal course of business
during period 10.
[6] One tax return was not filed timely due to incomplete information. The late
return was the August 2003 Alabama Baldwin County Sales Tax return-Geneva
Division.
FORM MOR - 5
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 9/7/03 - 10/4/03
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).
ERNST & YOUNG LLP 2121 San Jacinto Street, Suite 1500 Dallas Office
Dallas TX 75201 Phone(214) 969-8000
Facsimile (214) 969-9770
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: PERIOD 10,9/7/2003 TO 10/3/2003
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 Alabama Baldwin County Sales Tax Return--Geneva 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.
November 13, 2003
/s/ Lisa P. Shield
____________________________ -----------------------
Date Lisa P. Shield, Partner