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: 12/01/03 - 12/31/03
AMENDED
MONTHLY OPERATING REPORT
File with Court and submit copy to United States Trustee within 45 days after
end of the period
Submit copy of report to any official committee appointed in the case.
DOCUMENT EXPLANATION
REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED
- -------------------------------------------------------------------------------------------------------------------
Schedule of Cash Receipts and Disbursements MOR - 1
------------------------------------
Weekly Receipts & Disbursements A X
------------------------------------
Cash Disbursements by Petitioning Entity B X
------------------------------------
Bank Account Information C X
------------------------------------
Statement of Operations MOR - 2 X
------------------------------------
Balance Sheet MOR - 3 X
------------------------------------
Status of Postpetition Taxes MOR - 4 X
------------------------------------
Copies of IRS Form 6123 or payment receipt (See Tax Affidavit) X
------------------------------------
Copies of tax returns filed during reporting period (See Tax Affidavit) X
------------------------------------
Summary of Unpaid Postpetition Debts MOR - 4 X
------------------------------------
Summary Accounts Receivable Aging MOR - 5 X
------------------------------------
Debtor Questionnaire MOR - 5 X
------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and
the attached documents are true and correct to the best of my knowledge and
belief.
RESPONSIBLE PARTY:
/s/ Rebecca A. Roof Interim Chief Financial Officer
- ------------------------------------- ----------------------------------
Signature of Responsible Party Title
Rebecca A. Roof February 27, 2004
- ------------------------------------- ----------------------------------
Printed Name of Responsible Party Date: February 27, 2004
SPECIAL NOTE:
At the time of filing the December Monthly Operating Report (MOR), the Company
disclosed that year-end adjustments for LIFO, income taxes and minimum pension
liability were not final, but such final adjustments would be reflected in an
amended MOR. This amended MOR reflects those final adjustments in the financial
statements of Convenience entities, Fleming Companies, Inc., and Fleming
Companies, Inc. and Subsidiaries. In addition, the Status of Postpetition Taxes
section on Form MOR-4 reflects changes primarily clarifying the presentation of
balances and Form's MOR-1A and MOR-1B now reflect debt retirement of $325
million previously not reported.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
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] [13] [14]:
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:
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] Period 11 refers to October 5, 2003 through November 1, 2003.
[13] At the close of the 11th period, Fleming Companies, Inc. changed its'
reporting period from a 13 period reporting basis to a month-end basis.
All Core-Mark and Fleming entities are now on the same reporting basis.
[14] The Monthly Operating Report excludes financial activity related to
non-Debtor entities (i.e., Cerespan.com and Choteau Development
Company, LLC, etc.).
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
WEEKLY RECEIPTS AND DISBURSEMENTS [1]
(DOLLARS IN 000'S)
WEEK 1 WEEK 2 WEEK 3 WEEK 4
-----------------------------------------------------------
CASH RECEIPTS:
Fleming Receipts[3] $ (929) (311) 3,500 1,548
Core-Mark Receipts[3] 71,386 64,864 61,757 54,855
Asset / Excess Inventory Sales & Other 1,334 2,150 (331) 11,110
--------------------------------------------------------
ACTUAL RECEIPTS $ 71,792 $ 66,703 $ 64,926 $ 67,514
--------------------------------------------------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming [3] $ - (23) (58) (81)
Material Purchases - Core-Mark[3] (32,131) (47,017) (57,100) (51,217)
Tax Disbursements - Cigarettes (8,777) (8,885) (14,940) (8,813)
Tax Disbursements - Other (495) (54) (38) (109)
Employee & Payroll (4,905) (1,849) (4,466) (1,405)
Lease & Recurring Costs (739) (652) (595) (46)
Other Operating Costs (1,526) (2,761) (2,927) (1,889)
--------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (48,573) $ (61,241) $ (80,124) $ (63,560)
--------------------------------------------------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [2][4] $ (3,500) - - (54)
Capital Expenditures - - - -
Restructuring & Professional Fees (79) (2,566) (1,968) (2,911)
Debt Repayment [5] - (325,000) - -
Interest & Financing (399) (17) (10) -
Other Non-Operating Costs - - - -
--------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (3,978) $ (2,583) $ (1,978) $ (2,965)
--------------------------------------------------------
--------------------------------------------------------
TOTAL ACTUAL DISBURSEMENTS $ (52,551) $ (63,823) $ (82,101) $ (66,525)
--------------------------------------------------------
CURRENT
PERIOD CUMULATIVE FILING TO
WEEK 5 TOTAL DATE
--------------------------------------------------
CASH RECEIPTS:
Fleming Receipts[3] (2,391) $ 1,417 $ 2,416,953
Core-Mark Receipts[3] 41,675 294,538 3,050,974
Asset / Excess Inventory Sales & Other 2,344 16,608 319,294
---------------------------------------------
ACTUAL RECEIPTS $ 41,628 $ 312,563 $ 5,787,221
---------------------------------------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming [3] - $ (162) $(1,618,908)
Material Purchases - Core-Mark[3] (41,683) (229,147) (2,269,004)
Tax Disbursements - Cigarettes (7,390) (48,806) (446,096)
Tax Disbursements - Other (18) (714) (9,869)
Employee & Payroll (4,103) (16,727) (329,802)
Lease & Recurring Costs (462) (2,494) (92,900)
Other Operating Costs (2,705) (11,808) (245,978)
---------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (56,361) $ (309,858) $(5,012,558)
---------------------------------------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [2][4] - $ (3,554) $ (96,335)
Capital Expenditures - - (2,216)
Restructuring & Professional Fees (3,321) (10,845) (58,815)
Debt Repayment [5] - (325,000) (325,000)
Interest & Financing (1,523) (1,949) (81,208)
Other Non-Operating Costs - - -
---------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (4,845) $ (341,348) $ (563,573)
---------------------------------------------
TOTAL ACTUAL DISBURSEMENTS $ (61,205) $ (651,206) $(5,576,131)
---------------------------------------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD
COLUMN)
TOTAL DISBURSEMENTS $(651,206)
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 $(651,206)
NOTES
[1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's
December 1 through December 31 receipts and disbursements. Week 5
contains only 3 business days.
[2] The December Monthly Operating report (including the period 4 through
period 11 plus November 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.
[3] All seven of the Core-Mark eastern divisions are included in the
Core-Mark amounts.
[4] A $3.5 million DSD escrow disbursement made on November 26, 2003 was
inadvertently excluded from the November MOR, but is reported above as
week 1 activity in December.
[5] Senior Secured Bank Debt was paid down by $325 million as follows: $130
million reduction in revolver loans, $128 million reduction in term
loans, and $67 million set aside in restricted cash related to the
collateralization of prepetition letters of credit.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
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 $ (197,602) $ (1,974,288)
Fleming Companies, Inc. [4] [5] 03-10945 (359,115) (2,441,722)
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 (47,580) (432,893)
Core-Mark Interrelated Companies, Inc. 03-10951 (9,161) (70,473)
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 (113,199)
Fleming International, Ltd. 03-10956 (1,399)
Fleming Transportation Service, Inc. 03-10957 124
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 (9,078) (66,724)
Minter Weisman Co. 03-10964 (28,670) (205,514)
Piggly Wiggly Company 03-10965 (891)
Progressive Realty, Inc. 03-10966 (4)
Rainbow Food Group, Inc. 03-10967 (31,595)
Retail Investments, Inc. 03-10968 (165,252)
Retail Supermarkets, Inc. 03-10970 -
RFS Marketing Services, Inc. 03-10971 -
Richmar Foods, Inc. 03-10972 (71,566)
Dunigan Fuels, Inc. 03-10973 (67)
-------------------------------------------------------------
TOTAL ACTUAL DISBURSEMENTS [2] [3] $ (651,206) $ (5,576,131)
-------------------------------------------------------------
NOTES
[1] Employee and Payroll disbursements, per the Weekly Receipts and
Disbursements schedule, were paid $2.8 million for Fleming Companies,
Inc. and $13.2 million to Core-Mark International, Inc. Benefits paid
of $.8 million were allocated between Fleming and Core-Mark based on
each entities payroll for the month.
[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 12/01/03 - 12/31/03 for the Current Period and for
4/1/03 - 12/31/03 for the Cumulative Filing to Date.
[4] A $3.5 million DSD escrow disbursement made on November 26, 2003 was
inadvertently excluded from the November MOR, but is reported in the
current period and cumulative filing to date numbers above.
[5] Senior Secured Bank Debt was paid down in December by $325 million as
follows: $130 million reduction in revolver loans, $128 million
reduction in term loans, and $67 million set aside in resticted cash
related to the collateralization of prepetition letters of credit.
FORM MOR - 1B
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/31/03
BANK ACCOUNT INFORMATION
PETITIONING ENTITIES BANK ACCOUNT NUMBER TYPE
- ------------------------------------------------------------------------------------------------------------
Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement
Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement
Core-Mark International, Inc Bank Of Montreal 07600000313 Depository/Disbursement
Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement
Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement
Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement
Core-Mark International, Inc Bank Of Montreal 07604601086 FX Swap Funding Acct
Core-Mark International, Inc JP Morgan 323252028 Depository
Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement
Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement
Core-Mark International, Inc Scotia Bank 112390010715 Depository
Core-Mark International, Inc Scotia Bank 71480000914 Depository
Core-Mark International, Inc Scotia Bank 4052700104313 Depository
Core-Mark International, Inc Scotia Bank 714800001414 Depository
Core-Mark International, Inc Scotia Bank 714800011312 Depository
Core-Mark International, Inc Washington Trust Bank 1001823194 Depository
Core-Mark International, Inc Wells Fargo 4159287788 Depository
Core-Mark International, Inc Wells Fargo 4518099999 Depository
Core-Mark International, Inc Wells Fargo 4311848436 Depository
Core-Mark International, Inc Wells Fargo 4159555366 Depository
Core-Mark International, Inc Wells Fargo 4518100110 Depository
Core-Mark International, Inc Wells Fargo 4128523081 Depository
Core-Mark International, Inc Wells Fargo 4518100235 Depository
Core-Mark International, Inc Wells Fargo 4518100177 Depository
Core-Mark International, Inc Wells Fargo 4758355309 Depository
Core-Mark International, Inc Wells Fargo 4159688902 Depository
Core-Mark International, Inc Wells Fargo 4091220731 Depository
Core-Mark International, Inc Wells Fargo 4801900069 Depository
Core-Mark International, Inc Wells Fargo 4801908815 Depository
Core-Mark International, Inc Wells Fargo 4496851460 Depository
Core-Mark International, Inc Wells Fargo 4311848584 Disbursement
Core-Mark International, Inc Wells Fargo 4759613938 Disbursement
Core-Mark International, Inc Wells Fargo 4518110564 Disbursement
Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement
Core-Mark International, Inc Wilson & Muir 7516436 Depository
Fleming Companies, Inc. Bank of America 8,188,812,687 Depository
Fleming Companies, Inc. Bank of America 3751525666 Depository
Fleming Companies, Inc. Bank of America 3751508777 Depository
Fleming Companies, Inc. Bank of America 3751022745 Depository
Fleming Companies, Inc. Bank One 10148350 Disbursement
Fleming Companies, Inc. Fleet Non Union Health 1713312 Disbursement
Fleming Companies, Inc. JP Morgan 22426761 Disbursement
Fleming Companies, Inc. JP Morgan 88063623919 Depository
Fleming Companies, Inc. JP Morgan 8806363428 Depository
Fleming Companies, Inc. JP Morgan 323252842 Depository
Fleming Companies, Inc. JP Morgan 8806258339 Depository
Fleming Companies, Inc. JP Morgan 8806247712 Depository
Fleming Companies, Inc. JP Morgan 8806232185 Depository
Fleming Companies, Inc. JP Morgan 8806232227 Depository
Fleming Companies, Inc. JP Morgan 8806258271 Depository/Disbursement
Fleming Companies, Inc. JP Morgan 8806362958 Depository/Disbursement
Fleming Companies, Inc. JP Morgan 8806170047 Disbursement
Fleming Companies, Inc. JP Morgan 8805174594 Disbursement
Fleming Companies, Inc. JP Morgan 6300030353 Disbursement
Fleming Companies, Inc. JP Morgan 8805223029 Disbursement
Fleming Companies, Inc. JP Morgan 6300065052 Disbursement
Fleming Companies, Inc. JP Morgan 6300062117 Disbursement
Fleming Companies, Inc. JP Morgan 6300036160 Disbursement
Fleming Companies, Inc. JP Morgan 6300064998 Disbursement
Fleming Companies, Inc. Washington Mutual Bank 0673106722 Escrow
Fleming Companies, Inc. Washington Mutual Bank 374854494 Escrow
Head Distributing Co. Bank Of America 3752010688 Depository
Head Distributing Co. Suntrust 8801337430 Depository
FORM MOR- 1C
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/31/03
BANK ACCOUNT INFORMATION
PETITIONING ENTITIES BANK ACCOUNT NUMBER TYPE
- ------------------------------------------------------------------------------------------------------------
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- 1C
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] DECEMBER 31, 2003
- -----------------------------------------------------------------------
NET SALES $ 344,412
COSTS AND EXPENSES: [3]
Cost of sales (331,392)
Selling and administrative (11,727)
Reorganization items, net (4,773)
Interest expense (2,435)
Interest income and other 882
Impairment/restructuring charges (4,424)
Litigation charges
-------------
TOTAL COSTS AND EXPENSES (353,870)
-------------
Income/(Loss) before income taxes (9,458)
Taxes on income/(loss) [3] 1,048
-------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS [4] (8,410)
-------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (16,469)
Taxes on income/(loss) [3] (658)
-------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS [4] (17,127)
-------------
NET INCOME/(LOSS) $ (25,536)
-------------
NOTES
[1] At the close of the 11th period, Fleming Companies, Inc. changed its'
reporting period from a 13 period reporting basis to a month-end basis.
All Core-Mark and Fleming entities are now on the same reporting basis.
[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.
[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.). The Statements of Operations
for Convenience entities, Fleming Companies, Inc., and Fleming
Companies, Inc. & Subsidiaries have been revised in this amended MOR to
reflect the final year-end entries for LIFO and income taxes.
[4] Continuing Operations as of December 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. Four convenience locations were closed during 2003 (Marshfield in
June and Adel (part of Head Distributing), Chicago, and Altoona at the
end of 2003) with a portion of their business relocating to other
convenience locations. None of this convenience business has been
reclassified as Discontinued Operations.
FORM MOR - 2
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
ABCO FOOD GROUP, INC. DECEMBER 31, 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 (2)
Taxes on income/(loss) -
----------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (2)
----------
NET INCOME/(LOSS) $ (2)
----------
NOTES
[1] 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: 12/01/03 -12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
CORE-MARK INTERNATIONAL, INC. DECEMBER 31, 2003
- ---------------------------------------------------------------------------------
NET SALES $ 245,065
COSTS AND EXPENSES:
Cost of sales (233,765)
Selling and administrative (5,733)
Reorganization items, net (4,771)
Interest expense (2,435)
Interest income and other 843
Impairment/restructuring charges -
Litigation charges -
---------
TOTAL COSTS AND EXPENSES (245,860)
---------
Income/(Loss) before income taxes (795)
Taxes on income/(loss) 1,270
---------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 475
---------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
---------
NET INCOME/(LOSS) $ 475
---------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
CORE-MARK INTERRELATED COMPANIES, INC. DECEMBER 31, 2003
- --------------------------------------------------------------------------------
NET SALES $ 8,345
COSTS AND EXPENSES:
Cost of sales (10,467)
Selling and administrative (91)
Reorganization items, net -
Interest expense -
Interest income and other (0)
Impairment/restructuring charges -
Litigation charges -
--------
TOTAL COSTS AND EXPENSES (10,558)
--------
Income/(Loss) before income taxes (2,212)
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (2,212)
--------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
--------
NET INCOME/(LOSS) $ (2,212)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
CORE-MARK MID-CONTINENT, INC. DECEMBER 31, 2003
- --------------------------------------------------------------------------------
NET SALES $ 43,182
COSTS AND EXPENSES:
Cost of sales (41,011)
Selling and administrative (869)
Reorganization items, net -
Interest expense -
Interest income and other 52
Impairment/restructuring charges -
Litigation charges -
--------
TOTAL COSTS AND EXPENSES (41,828)
--------
Income/(Loss) before income taxes 1,354
Taxes on income/(loss) (15)
--------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 1,339
--------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
--------
NET INCOME/(LOSS) $ 1,339
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 01, 2003 -
DUNIGAN FUELS, INC. DECEMBER 31, 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 (1,240)
Taxes on income/(loss) (1)
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (1,241)
--------
NET INCOME/(LOSS) $ (1,241)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
FAVAR CONCEPTS, LTD DECEMBER 31, 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 0
Taxes on income/(loss) (0)
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (0)
--------
NET INCOME/(LOSS) $ (0)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
FLEMING COMPANIES, INC. DECEMBER 31, 2003
- ------------------------------------------------------------------------------------
NET SALES $ 16,371
COSTS AND EXPENSES:
Cost of sales (14,317)
Selling and administrative (3,369)
Reorganization items, net (2)
Interest expense -
Interest income and other 1
Impairment/restructuring charges (3,516)
Litigation charges -
--------
TOTAL COSTS AND EXPENSES (21,203)
--------
Income/(Loss) before income taxes (4,832)
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (4,832)
--------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (16,610)
Taxes on income/(loss) (550)
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (11,592)
--------
NET INCOME/(LOSS) $(21,993)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
FLEMING FOODS OF TEXAS, L.P. DECEMBER 31, 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 316
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 316
--------
NET INCOME/(LOSS) $ 316
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
FLEMING INTERNATIONAL, LTD DECEMBER 31, 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) (20)
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (20)
--------
NET INCOME/(LOSS) $ (20)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
FLEMING TRANSPORTATION SERVICES, INC. DECEMBER 31, 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 10
Taxes on income/(loss) (0)
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 10
--------
NET INCOME/(LOSS) $ 10
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
HEAD DISTRIBUTING COMPANY DECEMBER 31, 2003
- --------------------------------------------------------------------------------
NET SALES $ 7,874
COSTS AND EXPENSES:
Cost of sales (8,473)
Selling and administrative (630)
Reorganization items, net -
Interest expense -
Interest income and other (16)
Impairment/restructuring charges (909)
Litigation charges -
--------
TOTAL COSTS AND EXPENSES (10,028)
--------
Income/(Loss) before income taxes (2,154)
Taxes on income/(loss) (140)
--------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (2,294)
--------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
--------
NET INCOME/(LOSS) $ (2,294)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
MINTER-WEISMAN CO. DECEMBER 31, 2003
- ---------------------------------------------------------------------------------
NET SALES $ 23,574
COSTS AND EXPENSES:
Cost of sales (23,359)
Selling and administrative (1,035)
Reorganization items, net -
Interest expense -
Interest income and other 2
Impairment/restructuring charges -
Litigation charges -
--------
TOTAL COSTS AND EXPENSES (24,392)
--------
Income/(Loss) before income taxes (817)
Taxes on income/(loss) (67)
--------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (884)
--------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
--------
NET INCOME/(LOSS) $ (884)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
PIGGLY WIGGLY COMPANY DECEMBER 31, 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 (12)
Taxes on income/(loss) (85)
--------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (97)
--------
NET INCOME/(LOSS) $ (97)
--------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
PROGRESSIVE REALTY, INC. DECEMBER 31, 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 1,209
Taxes on income/(loss) -
-------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 1,209
-------
NET INCOME/(LOSS) $ 1,209
-------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
RAINBOW FOOD GROUP, INC. DECEMBER 31, 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 (215)
Taxes on income/(loss) -
------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (215)
------
NET INCOME/(LOSS) $ (215)
------
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
RETAIL INVESTMENTS, INC. DECEMBER 31, 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] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
RFS MARKETING SERVICES, INC. DECEMBER 31, 2003
--------------------------- ------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
Litigation charges -
-----
TOTAL COSTS AND EXPENSES -
-----
Income/(Loss) before income taxes -
Taxes on income/(loss) -
-----
INCOME/(LOSS) FROM CONTINUING OPERATIONS -
-----
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (25)
Taxes on income/(loss) (2)
-----
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (27)
-----
NET INCOME/(LOSS) $ (27)
-----
NOTES
[1] 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: 12/01/03 - 12/31/03
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
DECEMBER 1, 2003 -
RICHMAR FOODS, INC DECEMBER 31, 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 102
Taxes on income/(loss) -
-----
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 102
-----
NET INCOME/(LOSS) $ 102
-----
NOTES
[1] 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: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. & SUBSIDIARIES [2] [9] DECEMBER 31, 2003
---------------------------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [15] $ 389,888
Receivables, net [3] 501,392
Inventories 191,490
Assets held for sale [4] 3,151
Other current assets 39,200
-----------
TOTAL CURRENT ASSETS 1,125,123
-----------
Investments and notes receivable, net 889
Investment in direct financing leases 1,606
Net property and equipment 40,227
Other assets 49,464
-----------
TOTAL ASSETS $ 1,217,308
-----------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable [3] $ 239,826
Liabilities held for sale -
Other current liabilities [14] 48,868
-----------
TOTAL CURRENT LIABILITIES 288,694
-----------
Long-term debt -
Long-term obligations under capital leases [14] 1,593
Other liabilities 9,911
Liabilities subject to compromise [5] [6] 2,542,698
Net intercompany due to (from) [7] (10,376)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 710,623
Reinvested earnings (deficit) (2,335,298)
Accumulated other comprehensive income:
Additional minimum pension liability (129,357)
Cumulative foreign currency translation adjustment 2,600
-----------
TOTAL SHAREHOLDERS' EQUITY $(1,615,211)
-----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,217,308
-----------
FORM MOR - 3
LIABILITIES SUBJECT TO COMPROMISE [5] [6]
Debt and notes payable [8] [10] $ 1,621,714
Accounts payable [11] [16] 501,772
Closed store reserves [12] 48,719
Other liabilities [11] [17] 126,014
Pension obligation [13] [18]] 228,355
Taxes payable [11] [19] 16,124
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,542,698
GENERAL
[1] At the close of the 11th period, Fleming Companies, Inc. changed its'
reporting period from a 13 period reporting basis to a month-end basis. All
Core-Mark and Fleming entities are now on the same reporting basis.
[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 receivable balance as of December 31, 2003 includes accounts
due from customers as well as vendor deductions for PRADS, military,
advertising and other vendor related deductions. 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 December 31, 2003 includes only the convenience
business (Core-Mark, including the Fleming 7). Assets of all 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..
[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.
[9] The Balance Sheets for Convenience, Fleming Companies, Inc., and Fleming
Companies, Inc. & Subsidiaries have been revised in this amended MOR to
reflect the final year-end adjustments for LIFO, income taxes, and
additional minimum pension liability adjustment.
FLEMING ENTITIES
[10] Debt and notes payable includes bonds, revolver and term Loan and related
accrued interest. The debt and notes payable (excluding accrued interest)
are December balances.
[11] Accounts payable includes trade payables and accrued expenses. Retailer
incentives (previously in accounts payable) have been reclassified to
accounts receivable. Other liabilities includes accrued compensation,
accrued severance, union pension withdrawal liabilities, other current
liabilities, deferred income, and other long-term liabilities. Taxes
payable includes income taxes and taxes other than income. Cigarette taxes
payable is included in accounts payable. The balances for these accounts
resulted from an ongoing review of these accounts. The Company continues to
reconcile these accounts and additional adjustments are expected in future
periods. See also footnote 3 above.
[12] Closed store reserves are December balances.
[13] Pension obligation is a December balance.
[14] Net balances for capital leases do not include an amount for estimated
damages related to the Debtors' bankruptcy filing.
[15] Cash and cash quivalents includes restricted cash related to the
collateralization of prepetition letters of credit totaling approximately
$67 million.
CORE-MARK ENTITIES
[16] Accounts payable includes trade payables 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 December balance.
[19] Taxes payable includes income taxes and taxes other than income. Income tax
liability and taxes other than income represent a review of the applicable
balance sheet accounts. 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: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
ABCO FOOD GROUP, INC. DECEMBER 31, 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 -
-------
TOTAL ASSETS $ 3
-------
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 1,300
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 $ 3
-------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 1,300
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
-------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,300
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERNATIONAL, INC. DECEMBER 31, 2003
---------------------------- ------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 50,518
Receivables, net 141,364
Inventories 123,120
Assets held for sale -
Other current assets 28,289
---------
TOTAL CURRENT ASSETS 343,291
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment 19,783
---------
Other assets 36,508
---------
TOTAL ASSETS $ 399,581
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 108,102
Liabilities held for sale -
Other current liabilities 10,633
---------
TOTAL CURRENT LIABILITIES 118,735
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 4,718
Liabilities subject to compromise 104,508
Net intercompany due to (from) 171,621
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 $ 399,581
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 96,746
Closed store reserves -
Other liabilities -
Pension obligation 5,578
Taxes payable 2,184
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 104,508
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS
CORE-MARK INTERRELATED COMPANIES, INC. OF DECEMBER 31, 2003
-------------------------------------- --------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 2,474
Inventories 7,379
Assets held for sale -
Other current assets 49
--------
TOTAL CURRENT ASSETS 9,901
--------
Investments and notes receivable, net -
Investment in direct financing leases -
--------
Net property and equipment 321
--------
Other assets -
--------
TOTAL ASSETS $ 10,222
--------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 1,854
Liabilities held for sale -
Other current liabilities -
--------
Total current liabilities 1,854
--------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,242
Net intercompany due to (from) 3,126
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 $ 10,222
--------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,242
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,242
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK MID-CONTINENT, INC. DECEMBER 31, 2003
---------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 25,309
Inventories 27,330
Assets held for sale -
Other current assets 2,869
--------
TOTAL CURRENT ASSETS 55,508
--------
Investments and notes receivable, net -
Investment in direct financing leases -
--------
Net property and equipment 11,534
--------
Other assets 1,564
--------
TOTAL ASSETS $ 68,606
--------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 14,597
Liabilities held for sale -
Other current liabilities 15
--------
TOTAL CURRENT LIABILITIES 14,612
--------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,800
Net intercompany due to (from) 48,194
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
--------
TOTAL SHAREHOLDERS' EQUITY $ -
--------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 68,606
--------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,800
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,800
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
DUNIGAN FUELS, INC. DECEMBER 31, 2003
------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 2,720
Inventories -
Assets held for sale -
Other current assets -
--------
TOTAL CURRENT ASSETS 2,720
--------
Investments and notes receivable, net -
Investment in direct financing leases -
--------
Net property and equipment -
--------
Other assets -
--------
TOTAL ASSETS $ 2,720
--------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
--------
TOTAL CURRENT LIABILITIES -
--------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 172
Liabilities subject to compromise 8,569
Net intercompany due to (from) (6,021)
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 $ 2,720
--------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 8,569
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 8,569
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FAVAR CONCEPTS, LTD DECEMBER 31, 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 $ 0
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 555
Net intercompany due to (from) (552)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share -
Capital in excess of par value -
Reinvested earnings (deficit) -
Accumulated other comprehensive income:
Additional minimum pension liability -
Cumulative foreign currency translation adjustment -
--------
TOTAL SHAREHOLDERS' EQUITY $ -
--------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 0
--------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 555
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 555
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. DECEMBER 31, 2003
----------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [2] $ 338,584
Receivables, net 265,035
Inventories 11,066
Assets held for sale 3,151
Other current assets 5,782
-----------
TOTAL CURRENT ASSETS 623,619
-----------
Investments and notes receivable, net 889
Investment in direct financing leases 1,606
-----------
Net property and equipment 4,537
-----------
Other assets 10,791
-----------
TOTAL ASSETS $ 641,442
-----------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 107,545
Liabilities held for sale -
Other current liabilities 35,988
-----------
TOTAL CURRENT LIABILITIES 143,533
-----------
Long-term debt -
Long-term obligations under capital leases 1,593
Other liabilities 5,020
Liabilities subject to compromise 2,360,508
Net intercompany due to (from) (254,002)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 710,623
Reinvested earnings (deficit) (2,335,298)
Accumulated other comprehensive income:
Additional minimum pension liability (129,357)
Cumulative foreign currency translation adjustment 2,600
-----------
TOTAL SHAREHOLDERS' EQUITY $(1,615,211)
-----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 641,442
-----------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ 1,621,714
Accounts payable 331,114
Closed store reserves 48,719
Other liabilities 123,493
Pension obligation 222,777
Taxes payable 12,691
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,360,508
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] Cash and cash equivalents includes restricted cash related to the
collateralization of prepetition letters of credit totaling approximately
$67 million.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING FOODS OF TEXAS, L.P. DECEMBER 31, 2003
---------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 27,483
Inventories -
Assets held for sale -
Other current assets 425
-----------
TOTAL CURRENT ASSETS 27,907
-----------
Investments and notes receivable, net -
Investment in direct financing leases -
-----------
Net property and equipment -
-----------
Other assets 4
-----------
TOTAL ASSETS $ 27,911
-----------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 300
Liabilities held for sale -
Other current liabilities (2)
-----------
TOTAL CURRENT LIABILITIES 297
-----------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 13,865
Net intercompany due to (from) 13,749
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 $ 27,911
-----------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 12,209
Closed store reserves -
Other liabilities 405
Pension obligation -
Taxes payable 1,250
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 13,865
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03 - 10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING INTERNATIONAL, LTD DECEMBER 31, 2003
-------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 190
Inventories -
Assets held for sale -
Other current assets -
---------
TOTAL CURRENT ASSETS 190
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment -
---------
Other assets -
---------
TOTAL ASSETS $ 190
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ -
Liabilities held for sale -
Other current liabilities -
---------
TOTAL CURRENT LIABILITIES -
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 190
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 $ 190
---------
LIABILITIES SUBJECT TO COMPROMISE
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.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING TRANSPORTATION SERVICES, INC. DECEMBER 31, 2003
------------------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net (2)
Inventories -
Assets held for sale -
Other current assets -
---------
TOTAL CURRENT ASSETS (2)
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment -
---------
Other assets -
---------
TOTAL ASSETS $ (2)
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ (50)
Liabilities held for sale -
Other current liabilities 69
---------
TOTAL CURRENT LIABILITIES 19
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 252
Net intercompany due to (from) (273)
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)
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 252
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 252
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
HEAD DISTRIBUTING COMPANY DECEMBER 31, 2003
------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 333
Receivables, net 10,533
Inventories 7,932
Assets held for sale -
Other current assets (112)
---------
TOTAL CURRENT ASSETS 18,686
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment 1,806
---------
Other assets 455
---------
TOTAL ASSETS $ 20,948
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ (310)
Liabilities held for sale -
Other current liabilities 140
---------
TOTAL CURRENT LIABILITIES (170)
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 6,835
Net intercompany due to (from) 14,283
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 $ 20,948
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 6,835
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,835
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
MINTER-WEISMAN CO. DECEMBER 31, 2003
------------------ -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 453
Receivables, net 11,736
Inventories 14,663
Assets held for sale -
Other current assets 825
---------
TOTAL CURRENT ASSETS 27,677
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment 2,246
---------
Other assets 32
---------
TOTAL ASSETS $ 29,954
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 5,007
Liabilities held for sale -
Other current liabilities 67
---------
TOTAL CURRENT LIABILITIES 5,074
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,814
Net intercompany due to (from) 19,067
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 $ 29,954
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,814
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,814
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PIGGLY WIGGLY COMPANY DECEMBER 31, 2003
--------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 487
Inventories -
Assets held for sale -
Other current assets -
---------
TOTAL CURRENT ASSETS 487
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment -
---------
Other assets -
---------
TOTAL ASSETS $ 487
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 161
Liabilities held for sale -
Other current liabilities -
---------
TOTAL CURRENT LIABILITIES 161
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 319
Net intercompany due to (from) 7
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 $ 487
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 319
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 319
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PROGRESSIVE REALTY, INC. DECEMBER 31, 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 $ -
Liabilities held for sale -
Other current liabilities 301
---------
TOTAL CURRENT LIABILITIES 301
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 9
Net intercompany due to (from) (311)
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
Debt and notes payable $ -
Accounts payable 9
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RAINBOW FOOD GROUP, INC. DECEMBER 31, 2003
------------------------ -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 5,194
Inventories -
Assets held for sale -
Other current assets 23
---------
TOTAL CURRENT ASSETS 5,217
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment -
---------
Other assets 79
---------
TOTAL ASSETS $ 5,296
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 896
Liabilities held for sale -
Other current liabilities 43
---------
TOTAL CURRENT LIABILITIES 939
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 19,842
Net intercompany due to (from) (15,484)
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 $ 5,296
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 19,842
Closed store reserves -
Other liabilities -
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,842
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RETAIL INVESTMENTS, INC. DECEMBER 31, 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 -
---------
TOTAL ASSETS $ (3)
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ (0)
Liabilities held for sale -
Other current liabilities -
---------
TOTAL CURRENT LIABILITIES (0)
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) (3)
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)
---------
LIABILITIES SUBJECT TO COMPROMISE
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.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RFS MARKETING SERVICES, INC. DECEMBER 31, 2003
---------------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net -
Inventories -
Assets held for sale -
Other current assets 1
---------
TOTAL CURRENT ASSETS 1
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment -
---------
Other assets 31
---------
TOTAL ASSETS $ 32
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 11
Liabilities held for sale -
Other current liabilities 10
---------
TOTAL CURRENT LIABILITIES 21
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 10
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 $ 32
---------
LIABILITIES SUBJECT TO COMPROMISE
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.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RICHMAR FOODS, INC. DECEMBER 31, 2003
------------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 8,869
Inventories -
Assets held for sale -
Other current assets 1,050
---------
TOTAL CURRENT ASSETS 9,920
---------
Investments and notes receivable, net -
Investment in direct financing leases -
---------
Net property and equipment -
---------
Other assets -
---------
TOTAL ASSETS $ 9,920
---------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 1,712
Liabilities held for sale -
Other current liabilities 1,607
---------
TOTAL CURRENT LIABILITIES 3,319
---------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 9,279
Net intercompany due to (from) (2,679)
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 $ 9,920
---------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 7,164
Closed store reserves -
Other liabilities 2,115
Pension obligation -
Taxes payable -
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 9,279
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
FORM MOR-3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
(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 [9] [11] LIABILITY ACCRUED PAID [10] LIABILITY
---------------- --------- ----------- --------- ---------
FEDERAL
Payroll Taxes [1] $ - $ - $ - $ -
Income [12] (387) 658 (234) 37
--------- ----------- --------- ---------
TOTAL FEDERAL TAXES $ (387) $ 658 $ (234) $ 37
--------- ----------- --------- ---------
STATE AND LOCAL
Payroll Taxes [1] $ - $ - $ - $ -
Sales [2] 1,744 - (724) 1,020
Excise [2] - - - -
Real & Personal Property [3] 2,441 - - 2,441
Cigarette & Tobacco [4] - - - -
Franchise [2] (144) - 600 456
--------- ----------- --------- ---------
Total State and Local $ 4,041 $ - $ (124) $ 3,917
--------- ----------- --------- ---------
TOTAL TAXES $ 3,654 $ 658 $ (358) $ 3,954
--------- ----------- --------- ---------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX
CORE-MARK [9] [11] LIABILITY ACCRUED PAID LIABILITY
------------------ --------- ----------- --------- ---------
FEDERAL
Payroll Taxes [1] $ 325 $ 2,414 $ (3,590) $ (851)
Income [12] - 237 - 237
--------- ----------- --------- ---------
TOTAL FEDERAL TAXES $ 325 $ 2,651 $ (3,590) $ (614)
--------- ----------- --------- ---------
STATE AND LOCAL
Payroll Taxes [1] $ 1 $ 306 $ (466) $ (159)
Sales 13 36 (38) 11
Excise 284 102 (160) 226
Real & Personal Property [3] 651 146 (157) 640
Cigarette & Tobacco 33,513 93,254 (77,261) 49,506
Other: GST [5] 4,201 1,701 (4,102) 1,800
Other: Spokane & Portland B&O Tax [6] 107 50 (47) 110
--------- ----------- --------- ---------
Total State and Local $ 38,770 $ 95,595 $ (82,231) $ 52,134
--------- ----------- --------- ---------
TOTAL TAXES $ 39,095 $ 98,246 $ (85,821) $ 51,521
--------- ----------- --------- ---------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT
- ------------------------------------------------- ---------
Current $ -
0 - 30 days [7] 110,576
31 - 60 days -
61 - 90 days -
91 + days -
---------
Total Accounts Payable [8] $ 110,576
---------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) [9] AMOUNT
- --------------------------------------------------- ---------
Current $ -
0 - 30 days [7] 129,251
31 - 60 days -
61 - 90 days -
91 + days -
---------
Total Accounts Payable [8] $ 129,251
---------
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.
[2] Sales, excise and franchise postpetition taxes are calculated by adding to
the November balance the net accrual increase/decrease in the period ending
December 31st.
[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. Core-Mark's aging
includes Head and Minter-Weisman and Fleming's includes the four
convenience divisions that are part of Fleming Companies, Inc.
[8] Accounts Payable per the Balance Sheet includes trade accounts payable and
other accrued expenses. See footnote [2] on Form MOR-5.
[9] At the close of the 11th period, Fleming Companies, Inc. changed its'
reporting period from a 13 period reporting basis to a month-end basis. All
Core-Mark and Fleming entities are now on the same reporting basis.
[10] Amount Paid represents amounts paid, amounts received and other
adjustments during the period.
[11] Tax amounts have been updated to reflect the sign of the amounts
consistently with the presentation of liabilities in the balance sheet.
Credit balances are positive and debit balances are negative.
[12] The Federal Income Tax category includes balances and activity for both
Federal and State.
FORM MOR-4
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
(DOLLARS IN 000'S)
ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT
- ----------------------------------------- ---------
Not Due $ 24,713
---------
Current 6,275
---------
1 - 7 days old 1,183
---------
8 - 14 days old 1,183
---------
15 - 21 days old 1,183
---------
+ Over 21 days 353,660
---------
Credits Over 21 days [6] -
---------
Total Accounts Receivable $ 388,197
---------
Amount considered uncollectible (Bad Debt) [3] (78,220)
---------
Accounts Receivable (Net) $ 309,977
---------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT
------------------------------------------- ---------
Current $ 169,234
---------
1 - 30 days old 24,597
---------
31 - 45 days old 846
---------
40 - 60 days old 439
---------
61 - 90 days old 1,380
---------
91 - 120 days old 633
---------
+ Over 120 days 3,634
---------
Total Accounts Receivable $ 200,763
---------
Amount considered uncollectible (Bad Debt) [3] (9,348)
---------
Accounts Receivable (Net) $ 191,415
---------
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. X
--- ---
4. Are workers compensation, general liability and other necessary insurance coverages in effect?
If no, provide an explanation below. X
--- ---
NOTES
[1] Of the Core-Mark's 7 Eastern divisions ("Fleming 7"), Core-Mark's accounts
receivable aging includes Head and Minter-Weisman and Fleming's accounts
receivable aging includes the four convenience divisions that are part of
Fleming Companies, Inc. In cases where detail accounts receivable amounts
are not available, the amount is allocated to the aging brackets based on
each brackets percentage of the total aged accounts receivable amount.
[2] In addition to the aging of customer accounts receivable, a large portion
of the Fleming receivable balance is from reclassifying vendor deductions
from accounts payable, which has been listed as over 21 days. No amount has
currently been reserved for these receivables from vendors. Also included
in accounts receivable are royalties related to the sale of the wholesale
business, which have been listed as "not due".
[3] Amount considered uncollectible (Bad Debt) is per the general ledger for
all entities as of December 31, 2003.
[4] Core-Mark's Accounts Receivable data is for Core-Mark's month ended
December 31, 2003. Further, Core-Mark's Accounts Receivable Aging total
differed from the general ledger total due to timing differences and
adjustments, including reclassifying vendor deductions from accounts
payable. The receivable balance not supported by an aging was listed as
current. No amount has currently been reserved for receivables from
vendors.
[5] During the month of December, Fleming sold two warehouses and one retail
store. The total proceeds of these transactions were approximately $3.7
million.
[6] Due to changes in the operating system, the dollar amount of credits that
are included in the total aged accounts receivable balance is not
available.
FORM MOR-5
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 12/01/03 - 12/31/03
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: DECEMBER 1 TO DECEMBER 31, 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, all returns were timely filed with the appropriate
jurisdictions.
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.
January 14, 2004
/s/ Lisa P. Shield
____________________________________ -----------------------------------
Date Lisa P. Shield, Partner