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: 2/01/04 - 2/29/04
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 4/14/2004
- --------------------------------- -------------------------------
Printed Name of Responsible Party Date: April 14, 2004
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 02/01/04 - 2/29/04
NOTES TO THE MONTHLY OPERATING REPORT
GENERAL
The report includes activity from the following Debtors and related Case
Numbers [1] [2] [3] [4]
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. Of the "Fleming 7", one division
(Marshfield) was closed during 2003 and three divisions (one of the two
divisions in Head and Chicago and Altoona) were closed at the end of
2003.
[4] 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:02/01/04 - 02/29/04
WEEKLY RECEIPTS AND DISBURSEMENTS [1]
(DOLLARS IN 000'S)
CURRENT CUMULATIVE
PERIOD FILING TO
WEEK 1 WEEK 2 WEEK 3 WEEK 4 TOTAL DATE
-----------------------------------------------------------------------------------
CASH RECEIPTS:
Fleming Receipts $ 11,119 1,828 1,954 3,018 $ 17,920 $ 2,457,245
Core-Mark Receipts[3] 62,199 60,845 57,047 59,822 239,913 3,544,891
Asset / Excess Inventory Sales & Other - 8,098 1,917 - 10,016 329,824
----------------------------------------------------------------------------------
ACTUAL RECEIPTS $ 73,318 $ 70,772 $ 60,919 $ 62,840 $ 267,849 $ 6,331,960
----------------------------------------------------------------------------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming $ (148) (72) (45) (42) $ (307) $(1,620,034)
Material Purchases - Core-Mark[3] (42,631) (47,378) (34,633) (44,581) (169,223) (2,604,230)
Tax Disbursements - Cigarettes (12,025) (9,042) (10,030) (10,647) (41,744) (530,480)
Tax Disbursements - Other (1,190) (41) (519) (36) (1,785) (12,712)
Employee & Payroll (672) (4,867) (760) (4,089) (10,388) (356,215)
Lease & Recurring Costs (571) (205) (177) (912) (1,866) (97,035)
Other Operating Costs (11,758) (3,381) (1,394) (319) (16,852) (274,825)
----------------------------------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $ (68,995) $ (64,985) $ (47,559) $ (60,627) $ (242,165) $(5,495,531)
----------------------------------------------------------------------------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [2] $ - (552) (225) - $ (777) $ (100,994)
Capital Expenditures - - - - - (2,216)
Restructuring & Professional Fees (845) (332) (3,667) (3,732) (8,576) (73,595)
Interest & Financing (411) (380) - (351) (1,143) (84,249)
Other Non-Operating Costs - - - - - -
Debt Repayment $ - $ (364,283)
----------------------------------------------------------------------------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $ (1,256) $ (1,265) $ (3,892) $ (4,083) $ (10,496) $ (625,337)
----------------------------------------------------------------------------------
TOTAL ACTUAL DISBURSEMENTS $ (70,251) $ (66,249) $ (51,451) $ (64,710) $ (252,661) $(6,120,868)
----------------------------------------------------------------------------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD COLUMN)
TOTAL DISBURSEMENTS (252,661)
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 (252,661)
-----------
Notes
[1] Weekly Receipts and Disbursements include Core-Mark's and Fleming's
February 1 through February 29 receipts and disbursements.
[2] The February Monthly Operating report (including the periods covering April
1, 2003 through January 31, 2004 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, although only three currently remain open.
FORM MOR - 1A
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 02/01/04 - 02/29/04
CASH DISBURSEMENTS BY PETITIONING ENTITY [1]
(DOLLARS IN 000'S)
CUMULATIVE FILING TO
PETITIONING ENTITIES CASE NUMBER CURRENT PERIOD TOTAL DATE
- --------------------------------------------------------------------------------------------------
Core-Mark International, Inc. 03-10944 $ (164,829) $ (2,303,627)
Fleming Companies, Inc. 03-10945 (18,806) (2,520,259)
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 (38,099) (505,541)
Core-Mark Interrelated Companies, Inc. 03-10951 (5,795) (84,708)
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 (6,343) (79,319)
Minter Weisman Co. 03-10964 (18,788) (242,897)
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] $ (252,661) $ (6,120,868)
- ----------------------------------------------------------------------------------------------
NOTES
[1] Employee and Payroll disbursements, per the Weekly Receipts and
Disbursements schedule, were paid $1.4 million for Fleming Companies, Inc.
and $8.9 million for Core-Mark International, Inc.
[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 02/01/04 - 02/29/04 for the Current Period and for 04/01/03 - 02/29/04
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: 02/01/04 - 02/29/04
BANK ACCOUNT INFORMATION
ACCOUNT
PETITIONING ENTITIES BANK 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 Leitchfield Deposit Bank 083903056 Depository
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 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 6300062117 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
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED)
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
FLEMING COMPANIES, INC. & SUBSIDIARIES [1] [2] [3] FEBRUARY 29, 2004
- -----------------------------------------------------------------------------------------
NET SALES $ 297,521
COSTS AND EXPENSES:
Cost of sales (289,857)
Selling and administrative (7,922)
Reorganization items, net (143)
Interest expense (121)
Interest income and other 218
Impairment/restructuring charges (214)
- ------------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (298,038)
- ------------------------------------------------------------------------------------
Income/(Loss) before income taxes (517)
Taxes on income/(loss) -
- ------------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (517)
- ------------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (20,189)
Taxes on income/(loss) -
- ------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (20,189)
- ------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (20,706)
- ------------------------------------------------------------------------------------
NOTES
[1] 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.
[2] 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.).
[3] Continuing Operations as of February 2004 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
ABCO FOOD GROUP, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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] 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
CORE-MARK INTERNATIONAL, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ 212,984
COSTS AND EXPENSES:
Cost of sales (207,305)
Selling and administrative (5,899)
Reorganization items, net (144)
Interest expense (121)
Interest income and other 218
Impairment/restructuring charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (213,251)
- --------------------------------------------------------------------
Income/(Loss) before income taxes (268)
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (268)
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------
NET INCOME/(LOSS) (268)
- --------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
CORE-MARK INTERRELATED COMPANIES, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ 7,315
COSTS AND EXPENSES:
Cost of sales (6,948)
Selling and administrative (67)
Reorganization items, net -
Interest expense -
Interest income and other (0)
Impairment/restructuring charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (7,015)
- --------------------------------------------------------------------
Income/(Loss) before income taxes 300
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 300
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ 300
- --------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
CORE-MARK MID-CONTINENT, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ 37,369
COSTS AND EXPENSES:
Cost of sales (36,325)
Selling and administrative (874)
Reorganization items, net -
Interest expense -
Interest income and other 0
Impairment/restructuring charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (37,198)
- --------------------------------------------------------------------
Income/(Loss) before income taxes 171
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 171
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ 171
- --------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
DUNIGAN FUELS, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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 870
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 870
- ---------------------------------------------------------------------
NET INCOME/(LOSS) $ 870
- ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
FAVAR CONCEPTS, LTD FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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 (810)
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (810)
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ (810)
- --------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
FLEMING COMPANIES, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
Net sales $ 12,244
Costs and expenses:
Cost of sales (12,583)
Selling and administrative (205)
Reorganization items, net 1
Interest expense -
Interest income and other 0
Impairment/restructuring charges (34)
- ---------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (12,822)
- ---------------------------------------------------------------------
Income/(Loss) before income taxes (578)
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (578)
- ---------------------------------------------------------------------
Discontinued operations:
Income/(Loss) before income taxes (19,190)
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (19,190)
- ---------------------------------------------------------------------
NET INCOME/(LOSS) $ (19,768)
- ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
FLEMING FOODS OF TEXAS, L.P. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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 (521)
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (521)
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ (521)
- --------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
FLEMING INTERNATIONAL, LTD FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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] 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
FLEMING TRANSPORTATION SERVICES, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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] 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
HEAD DISTRIBUTING COMPANY FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ 6,460
COSTS AND EXPENSES:
Cost of sales (6,322)
Selling and administrative (309)
Reorganization items, net 1
Interest expense -
Interest income and other 0
Impairment/restructuring charges (180)
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (6,810)
- --------------------------------------------------------------------
Income/(Loss) before income taxes (349)
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (349)
- --------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- --------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- --------------------------------------------------------------------
NET INCOME/(LOSS) $ (349)
- --------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
MINTER-WEISMAN CO. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ 21,150
COSTS AND EXPENSES:
Cost of sales (20,374)
Selling and administrative (569)
Reorganization items, net -
Interest expense -
Interest income and other (0)
Impairment/restructuring charges -
- --------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (20,943)
- ---------------------------------------------------------------------
Income/(Loss) before income taxes 207
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 207
- ---------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- ---------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- ---------------------------------------------------------------------
NET INCOME/(LOSS) $ 207
- ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
PIGGLY WIGGLY COMPANY FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
PROGRESSIVE REALTY, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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] 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
RAINBOW FOOD GROUP, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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 20
Taxes on income/(loss) -
- ---------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
RETAIL INVESTMENTS, INC. FEBRUARY 29, 2004
- ----------------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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) -
- ----------------------------------------------------------------------------------------
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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
RFS MARKETING SERVICES, INC. FEBRUARY 29, 2004
- ----------------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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: 2/01/04 - 2/29/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
FEBRUARY 1, 2004 -
RICHMAR FOODS, INC. FEBRUARY 29, 2004
- ----------------------------------------------------------------------------------------
NET SALES $ -
COSTS AND EXPENSES:
Cost of sales -
Selling and administrative -
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring 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 (553)
Taxes on income/(loss) -
- ----------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (553)
- ----------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (553)
- ----------------------------------------------------------------------------------------
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED)
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. & SUBSIDIARIES [1] FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [12] $ 392,473
Receivables, net [2] 429,246
Inventories 130,579
Assets held for sale [3] 4,448
Other current assets 33,004
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 989,750
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net 523
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 37,000
- ---------------------------------------------------------------------------------------
Other assets 44,197
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 1,071,470
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable [2] $ 212,164
Liabilities held for sale [3] -
Other current liabilities 51,838
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 264,001
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 6,625
Liabilities subject to compromise [4] [5] 2,352,470
Net intercompany due to (from) [6] 218
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 710,623
Reinvested earnings (deficit) (2,384,804)
Accumulated other comprehensive income:
Additional minimum pension liability [11] (15,663)
Cumulative foreign currency translation adjustment 1,779
- ---------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,551,844)
- ---------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,071,470
- ---------------------------------------------------------------------------------------
FORM MOR - 3
LIABILITIES SUBJECT TO COMPROMISE [4] [5]
Debt and notes payable [7] [8] $ 1,590,423
Accounts payable [9] [13] 440,841
Damage estimates for closed and rejected leases [10] 148,486
Other liabilities [9] [14] 37,845
Pension obligation [11] [15] 113,354
Taxes payable [9] [16] 21,521
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,352,470
GENERAL
[1] 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.
[2] The accounts receivable balance as of February 29, 2004 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.
[3] Continuing Operations as of February 29, 2004 includes only the
convenience business. 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.
[4] 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..
[5] The Company has paid certain prepetition liabilities and continues to
reconcile these payments against Liabilities Subject to Compromise.
[6] 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.
[7] 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
[8] Debt and notes payable includes bonds, revolver and term Loan and
related accrued interest. The amounts are February balances.
[9] 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 2 above.
[10] Damage estimates for closed and rejected leases are February balances.
[11] Pension obligation is a February balance. Effective January1, 2004, the
Fleming Consolidated Pension Plan was transferred to the Pension
Benefit Guarantee Corporation (PBGC). This resulted in a reversal of
the related additional minimum pension liability adjustment, which
reduced the pension accrual in Liabilities Subject to Compromise and
reduced the Additional Minimum Pension Liability in Accumulated Other
Comprehensive Income in the equity section. The liability subject to
compromise relating to this plan on the balance sheet is approximately
$55 million whereas the current claims by the PBGC total in excess of
$300 million. The Company and its actuaries are currently in
negotiations with the PBGC regarding the settlement of these claims.
[12] Cash and cash equivalents includes restricted cash related to the
collateralization of prepetition letters of credit totaling
approximately $60 million.
CORE-MARK ENTITIES
[13] Accounts payable includes trade payables and accrued expenses. Accounts
payable represents a review of the accounts payable trial balance. See
also footnote 2 above.
[14] Other liabilities, which include accrued compensation, other current
liabilities and other long-term liabilities, represent a review of the
applicable balance sheet account.
[15] Pension obligation is a February balance.
[16] 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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
ABCO FOOD GROUP, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
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
Damage estimates for closed and rejected leases
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERNATIONAL, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 81,384
Receivables, net 140,536
Inventories 83,010
Assets held for sale -
Other current assets 25,016
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 329,946
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 18,725
- ---------------------------------------------------------------------------------------
Other assets 35,924
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 384,595
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 107,104
Liabilities held for sale -
Other current liabilities 12,920
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 120,025
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 5,678
Liabilities subject to compromise 80,514
Net intercompany due to (from) 178,378
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 $ 384,595
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 74,116
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation 4,270
Taxes payable 2,128
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 80,514
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERRELATED COMPANIES, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 2,641
Inventories 7,720
Assets held for sale -
Other current assets 60
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 10,421
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 305
- ---------------------------------------------------------------------------------------
Other assets -
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 10,726
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 599
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 599
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,207
Net intercompany due to (from) 4,920
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 $ 10,726
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,207
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,207
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK MID-CONTINENT, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 22,534
Inventories 18,008
Assets held for sale -
Other current assets 3,090
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 43,633
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 11,283
- ---------------------------------------------------------------------------------------
Other assets 1,325
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 56,240
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 2,962
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 2,962
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,936
Net intercompany due to (from) 47,342
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 $ 56,240
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,936
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,936
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
DUNIGAN FUELS, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 2,941
Inventories -
Assets held for sale -
Other current assets -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 2,941
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment -
- ---------------------------------------------------------------------------------------
Other assets -
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 2,941
- ---------------------------------------------------------------------------------------
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 81
Liabilities subject to compromise 7,867
Net intercompany due to (from) (5,006)
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 $ 2,941
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 7,267
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable 600
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,867
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FAVAR CONCEPTS, LTD FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
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 $ (12)
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES (12)
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,261
Net intercompany due to (from) (1,249)
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 555
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable 706
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,261
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [3] $ 310,097
Receivables, net 201,165
Inventories 7,164
Assets held for sale 4,113
Other current assets 2,085
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 524,624
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net 523
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 2,891
- ---------------------------------------------------------------------------------------
Other assets 6,386
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 534,424
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 91,944
Liabilities held for sale -
Other current liabilities 38,482
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 130,426
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 866
Liabilities subject to compromise 2,192,955
Net intercompany due to (from) (237,979)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 710,623
Reinvested earnings (deficit) (2,384,804)
Accumulated other comprehensive income: -
Additional minimum pension liability [2] (15,663)
Cumulative foreign currency translation adjustment 1,779
- ---------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,551,844)
- ---------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 534,424
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ 1,590,423
Accounts payable 295,030
Damage estimates for closed and rejected leases 148,486
Other liabilities 35,425
Pension obligation [2] 109,084
Taxes payable 14,506
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,192,955
NOTES
[1] Refer to Fleming Companies, Inc. & Subsidiaries Balance Sheet for all
financial statement footnotes.
[2] Effective January 1, 2004, the Fleming Consolidated Pension Plan was
transferred to the Pension Benefit Guarantee Corporation (PBGC). This
resulted in a reversal of the related additional minimum pension
liability adjustment, which reduced the pension accrual in Liabilities
Subject to Compromise and reduced the Additional Minimum Pension
Liability in Accumulated Other Comprehensive Income in the equity
section. The liability subject to compromise relating to this plan on
the balance sheet is approximately $55 million whereas the current
claims by the PBGC total in excess of $300 million. The Company and its
actuaries are currently in negotiations with the PBGC regarding the
settlement of these claims.
[3] Cash and cash equivalents includes restricted cash related to the
collateralization of prepetition letters of credit totaling
approximately $60 million.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING FOODS OF TEXAS, L.P. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 25,684
Inventories -
Assets held for sale -
Other current assets 115
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 25,799
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment -
- ---------------------------------------------------------------------------------------
Other assets 4
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 25,803
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 177
Liabilities held for sale -
Other current liabilities (0)
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 177
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 14,443
Net intercompany due to (from) 11,183
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 $ 25,803
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 12,442
Damage estimates for closed and rejected leases
Other liabilities 305
Pension obligation -
Taxes payable 1,696
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 14,443
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING INTERNATIONAL, LTD FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
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 -
Damage estimates for closed and rejected leases
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING TRANSPORTATION SERVICES, INC. FEBRUARY, 2004
- ------------------------------------------------------------------------------------
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 $ 6
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 6
- ------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 252
Net intercompany due to (from) (259)
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 252
Damage estimates for closed and rejected leases
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
HEAD DISTRIBUTING COMPANY FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 409
Receivables, net 8,587
Inventories 4,055
Assets held for sale 335
Other current assets 715
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 14,102
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 1,549
- ---------------------------------------------------------------------------------------
Other assets 449
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 16,099
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 4,350
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 4,350
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 6,018
Net intercompany due to (from) 5,731
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 $ 16,099
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 6,018
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable -
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,018
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
MINTER-WEISMAN CO. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 583
Receivables, net 11,796
Inventories 10,622
Assets held for sale -
Other current assets 1,147
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 24,147
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment 2,247
- ---------------------------------------------------------------------------------------
Other assets 30
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 26,425
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 3,571
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 3,571
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,467
Net intercompany due to (from) 17,387
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income:
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- ---------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ---------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 26,425
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,467
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable -
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,467
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PIGGLY WIGGLY COMPANY FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 460
Inventories -
Assets held for sale -
Other current assets -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 460
- ---------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------
Net property and equipment -
- ---------------------------------------------------------------------------------------
Other assets -
- ---------------------------------------------------------------------------------------
TOTAL ASSETS $ 460
- ---------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 149
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 149
- ---------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 321
Net intercompany due to (from) (9)
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 $ 460
- ---------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 319
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable 1
-----------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 321
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PROGRESSIVE REALTY, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------------
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
Damage estimates for closed and rejected leases
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: 201/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RAINBOW FOOD GROUP, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 5,101
Inventories -
Assets held for sale -
Other current assets 23
- ----------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 5,125
- ----------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ----------------------------------------------------------------------------------------
Net property and equipment -
- ----------------------------------------------------------------------------------------
Other assets 79
- ----------------------------------------------------------------------------------------
TOTAL ASSETS $ 5,203
- ----------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 598
Liabilities held for sale -
Other current liabilities -
- ----------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 598
- ----------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 19,833
Net intercompany due to (from) (15,228)
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 $ 5,203
- ----------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 19,833
Damage estimates for closed and rejected leases
Other liabilities -
Pension obligation -
Taxes payable -
--------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,833
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: 201/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RETAIL INVESTMENTS, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------------
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 -
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 -
Damage estimates for closed and rejected leases
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RFS MARKETING SERVICES, INC. FEBRUARY 29, 2004
- ---------------------------------------------------------------------------------------------
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 $ (8)
Liabilities held for sale -
Other current liabilities -
- ----------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES (8)
- ----------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) 8
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 -
Damage estimates for closed and rejected leases
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: 2/01/04 - 2/29/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RICHMAR FOODS, INC. FEBRUARY 29, 2004
- ----------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 7,611
Inventories -
Assets held for sale -
Other current assets 753
- ----------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 8,363
- ----------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ----------------------------------------------------------------------------------------------
Net property and equipment -
- ----------------------------------------------------------------------------------------------
Other assets -
- ----------------------------------------------------------------------------------------------
TOTAL ASSETS $ 8,363
- ----------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 723
Liabilities held for sale -
Other current liabilities 134
- ----------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 857
- ----------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 11,087
Net intercompany due to (from) (3,581)
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 $ 8,363
- ----------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 7,089
Damage estimates for closed and rejected leases
Other liabilities 2,115
Pension obligation -
Taxes payable 1,883
-----------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 11,087
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: 2/01/04 - 2/29/04
(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] LIABILITY ACCRUED PAID [9] LIABILITY
- ------------------------------------------------------------------------------------------
FEDERAL
Payroll Taxes [1] $ - $ - $ - $ -
Income [10] $ 201 201
TOTAL FEDERAL TAXES $ 201 $ - $ - $ 201
STATE AND LOCAL
Payroll Taxes [1] $ - $ - $ - $ -
Sales [2] $ 971 - (971) -
Excise [2] $ - - 130 130
Real & Personal Property [3] $ 2,441 - 2,441
Cigarette & Tobacco [4] $ - - - -
Franchise [2] $ 411 - 411
Total State and Local $ 3,823 $ - $ (841) $ 2,982
--------- ----------- -------- ---------
TOTAL TAXES $ 4,024 $ - $ (841) $ 3,183
--------- ----------- -------- ---------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX
CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY
- ------------------------------------------------------------------------------------------
FEDERAL
Payroll Taxes [1] $ 1,309 $ 2,403 $ (3,500) $ 212
Income [10] $ 237 - - 237
TOTAL FEDERAL TAXES $ 1,546 $ 2,403 $ (3,500) $ 449
STATE AND LOCAL
Payroll Taxes [1] $ 186 $ 316 $ (495) $ 7
Sales $ 11 25 (25) 11
Excise $ 299 157 (103) 353
Real & Personal Property [3] $ 757 100 (197) 660
Cigarette & Tobacco $ 30,450 80,365 (72,996) 37,819
Other: GST [5] $ 3,732 1,950 (1,731) 3,951
Other: Spokane & Portland B&O Tax [6] $ 52 33 (38) 47
Total State and Local $ 35,487 $ 82,946 $(75,585) $ 42,848
--------- ----------- -------- ---------
TOTAL TAXES $ 37,033 $ 85,349 $(79,085) $ 43,297
--------- ----------- -------- ---------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT
- ---------------------------------------------------------------
Current $ -
0 - 30 days [7] 93,577
31 - 60 days -
61 - 90 days -
91+ days -
----------
Total Accounts Payable [8] $ 93,577
----------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT
- ---------------------------------------------------------------
Current $ -
0 - 30 days [7] 118,587
31 - 60 days -
61 - 90 days -
91+ days -
----------
Total Accounts Payable [8] $ 118,587
----------
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 previous months balance the net accrual increase/decrease in the
current month.
[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 and 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] Amount Paid represents amounts paid, amounts received and other adjustments
during the period.
[10] 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: 2/01/04 - 2/29/04
(DOLLARS IN 000'S)
ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT
- ---------------------------------------------------------------
Not Due $ 2,865
Current 6,108
1 - 7 days old 807
8 - 14 days old 807
15 - 21 days old 807
+ Over 21 days 310,759
Credits Over 21 days [7] -
----------
Total Accounts Receivable $ 322,153
----------
Amount considered uncollectible (Bad Debt) [3] (79,001)
----------
Accounts Receivable (Net) $ 243,152
----------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT
- ---------------------------------------------------------------
Current $ 170,267
1 - 30 days old 14,038
31 - 45 days old 574
40 - 60 days old 463
61 - 90 days old 422
91 - 120 days old 175
+ Over 120 days 4,341
----------
Total Accounts Receivable $ 190,280
----------
Amount considered uncollectible (Bad Debt) [3] (4,186)
----------
Accounts Receivable (Net) $ 186,094
----------
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 X
below.
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. Four of the seven divisions were closed in 2003. 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 February 29, 2004.
[4] Core-Mark's Accounts Receivable data is for Core-Mark's month ended
February 29, 2004. 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 February, Fleming sold assets of Choteau Development
Company, LLC (a non-debtor entity) totaling approximately $8.2 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: 2/01/04 - 2/29/04
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 LOGO] 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: February 1 to February 29, 2004
TAX AFFIDAVIT
By order of this Court directed May 6, 2003, Emst & Young (E&Y) has been
retained to provided 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 Bankrupty 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 affilistes ("The
Debtor"):
- Prepare certain federal income, state income, state franchise, gross
receipts and net worth tax returns and provide then to management of
the Debtor for signature;
- Prepare certain sales, excise, and use tax returns for U.S., state and
local governments and provide then to management of the Debtor for
filing;
- Provide certain property tax returns prepared by third party
consultants to management of the Debtor for filing;
- Prepare certain property tax returns and provide them to management of
the Debtor for filing; and
- Update a tax filing calender for certain income, franchies, sales and
use, cigarette, tobacco, and other miscellaneous taxes, and business
license filing and provide it to Debtor's management for review and
approval.
The Debtor's management is responsible for establishing and maintaining is 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 were required
to be prepared or filed by the Fleming Companies, Inc. and its affiliates during
the reporting period referenced above.
/s/ Lisa P. Shield
April 12, 2004 --------------------------------
Date Lisa P. Shield, Partner