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: 6/01/04 - 6/30/04
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 8/12/2004
- ------------------------ -------------------------------
Printed Name of Responsible Party Date: August 12, 2004
ON JULY 26, 2004, THE BANKRUPTCY COURT CONFIRMED THE DEBTORS' AND OFFICIAL
COMMITTEE OF UNSECURED CREDITORS' THIRD AMENDED AND REVISED JOINT PLAN OF
REORGANIZATION (THE "PLAN"). ALTHOUGH THE BANKRUPTCY COURT ENTERED THE ORDER
CONFIRMING THE PLAN (THE "CONFIRMATION ORDER") ON JULY 27, 2004, THE PLAN IS NOT
YET EFFECTIVE. THE PLAN AND THE CONFIRMATION ORDER CONTAIN CERTAIN CONDITIONS
PRECEDENT TO THE OCCURRENCE OF THE EFFECTIVE DATE OF THE PLAN, UNLESS WAIVED
PURSUANT TO THE PLAN. IT IS ANTICIPATED THAT THE EFFECTIVE DATE OF THE PLAN WILL
BE IN MID-AUGUST.
THE PLAN PROVIDES FOR THE REORGANIZATION OF THE DEBTORS CENTERED AROUND THE
FLEMING CONVENIENCE STORE DISTRIBUTION OPERATIONS THROUGH THE FORMATION OF A NEW
DELAWARE CORPORATION, CORE-MARK HOLDING COMPANY, INC. ADDITIONALLY, THE DEBTORS'
REMAINING ASSETS AND LIABILITIES NOT RELATED TO THE CONVENIENCE OPERATION WILL
BE TRANSFERRED TO EITHER A POST-CONFIRMATION TRUST, PURSUING CAUSES OF ACTION
AND RECONCILING AND PAYING CLAIMS, OR A RECLAMATION CREDITORS' TRUST, WHICH WILL
HAVE SIMILAR RESPONSIBILITIES AND RIGHTS WITH RESPECT TO RECLAMATION CREDITORS.
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 06/01/04 - 06/30/04
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., Choteau Development Company, LLC, etc.).
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 06/01/04 - 06/30/04
WEEKLY RECEIPTS AND DISBURSEMENTS [1]
(DOLLARS IN 000'S)
CURRENT CUMULATIVE
WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 PERIOD TOTAL FILING TO DATE
-------- -------- -------- -------- --------- ------------ --------------
CASH RECEIPTS:
Fleming Receipts $ 506 $ 1,122 $ 101 $ 195 $ 2 $ 1,926 $ 2,465,748
Core-Mark Receipts[3] 67,177 68,185 64,711 69,020 40,018 309,111 4,704,866
Asset/Excess Inventory Sales & Other -- -- -- 470 -- 470 330,763
-------- -------- -------- -------- --------- ------------ --------------
ACTUAL RECEIPTS $ 67,682 $ 69,308 $ 64,812 $ 69,685 $ 40,020 $ 311,506 $ 7,501,376
-------- -------- -------- -------- --------- ------------ --------------
CASH DISBURSEMENTS FROM OPERATIONS:
Material Purchases - Fleming $ (12) $ -- $ -- $ (11) $ - $ (22) $ (1,620,403)
Material Purchases - Core-Mark[3] (42,461) (45,746) (49,424) (53,966) (32,999) (224,595) (3,489,814)
Tax Disbursements - Cigarettes (11,217) (10,972) (10,885) (11,937) (8,083) (53,095) (727,847)
Tax Disbursements - Other (7) (305) (218) (31) (27) (588) (15,696)
Employee & Payroll (4,043) (604) (4,108) (1,069) (3,023) (12,848) (401,899)
Lease & Recurring Costs (733) (293) (235) (227) (345) (1,833) (104,686)
Other Operating Costs (3,098) (1,339) (1,873) (1,966) (1,561) (9,837) (314,705)
-------- -------- -------- -------- --------- ------------ --------------
ACTUAL CASH DISBURSEMENTS FROM OPERATIONS $(61,571) $(59,259) $(66,743) $(69,206) $ (46,038) $ (302,817) $ (6,675,049)
-------- -------- -------- -------- --------- ------------ --------------
CASH DISBURSEMENTS FROM NON-OPERATIONS:
DSD/Critical Vendor/PACA Payments [2] $ -- $ -- $ -- $ -- $ -- $ -- $ (102,548)
Capital Expenditures -- (601) (10) (38) -- (649) (2,865)
Restructuring & Professional Fees (344) (1,306) (1,321) (2,616) (1,866) (7,452) (102,028)
Interest & Financing (1,897) -- -- -- (484) (2,382) (88,961)
Other Non-Operating Costs -- -- (80) -- -- (80) (255)
Debt Repayment [4] (9,115) -- -- (9,115) (431,914)
-------- -------- -------- -------- --------- ------------ --------------
ACTUAL CASH DISBURSEMENTS FROM NON-OPERATIONS $(11,356) $ (1,907) $ (1,411) $ (2,653) $ (2,350) $ (19,678) $ (728,571)
-------- -------- -------- -------- --------- ------------ --------------
-------- -------- -------- -------- --------- ------------ --------------
TOTAL ACTUAL DISBURSEMENTS $(72,928) $(61,166) $(68,154) $(71,859) $ (48,389) $ (322,495) $ (7,403,620)
-------- -------- -------- -------- --------- ------------ --------------
DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES: (FROM CURRENT PERIOD
COLUMN)
TOTAL DISBURSEMENTS $(322,495)
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 $(322,495)
NOTES
[1] Weekly Receipts and Disbursements include both Core-Mark and Fleming for
the current month. Week one contains four business days and week five
contains three business days.
[2] This Monthly Operating report (including the periods covering April 1, 2003
through May 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.
[4] $9.1 million of pre-petition debt was paid down as follows: Revolver $3.8
million, Term $3.9 million, and $1.4 million was set aside to collateralize
letters of credit
FORM MOR - 1A
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 06/01/04 - 06/30/04
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 $ (209,946) $ (3,100,791)
Fleming Companies, Inc. 03-10945 $ (20,938) (2,656,971)
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 (46,158) (683,862)
Core-Mark Interrelated Companies, Inc. 03-10951 $ (8,361) (116,364)
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 $ (8,497) (110,794)
Minter Weisman Co. 03-10964 $ (28,595) (350,322)
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] $ (322,495) $ (7,403,620)
---------- -------------
NOTES
[1] Employee and Payroll disbursements for the current period, per the Weekly
Receipts and Disbursements schedule, were $1.1 million for Fleming
Companies, Inc. and $11.7 million for Core-Mark Interenational, 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 the current month and for 04/01/03 through the current month 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: 06/01/04 - 06/30/04
BANK ACCOUNT INFORMATION
PETITIONING ENTITIES BANK ACCOUNT NUMBER TYPE
- ---------------------------- --------------------- -------------- -----------------------
Core-Mark International, Inc Bank Of Montreal 5691032070 Disbursement
Core-Mark International, Inc Bank Of Montreal 127881013601 Disbursement
Core-Mark International, Inc Bank Of Montreal 07600000313 Depository/Disbursement
Core-Mark International, Inc Bank Of Montreal 07601154963 Disbursement
Core-Mark International, Inc Bank Of Montreal 07601102397 Disbursement
Core-Mark International, Inc Bank Of Montreal 0004-1664-436 Disbursement
Core-Mark International, Inc Bank Of Montreal 07604601086 FX Swap Funding Acct
Core-Mark International, Inc JP Morgan 323252028 Depository
Core-Mark International, Inc JP Morgan Chase 9102775419 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775435 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775443 Disbursement
Core-Mark International, Inc JP Morgan Chase 9102775427 Disbursement
Core-Mark International, Inc JP Morgan Chase 601809668 Disbursement
Core-Mark International, Inc Scotia Bank 112390010715 Depository
Core-Mark International, Inc Scotia Bank 71480000914 Depository
Core-Mark International, Inc Scotia Bank 4052700104313 Depository
Core-Mark International, Inc Scotia Bank 714800001414 Depository
Core-Mark International, Inc Scotia Bank 714800011312 Depository
Core-Mark International, Inc Washington Trust Bank 1001823194 Depository
Core-Mark International, Inc Wells Fargo 4159287788 Depository
Core-Mark International, Inc Wells Fargo 4518099999 Depository
Core-Mark International, Inc Wells Fargo 4311848436 Depository
Core-Mark International, Inc Wells Fargo 4159555366 Depository
Core-Mark International, Inc Wells Fargo 4518100110 Depository
Core-Mark International, Inc Wells Fargo 4128523081 Depository
Core-Mark International, Inc Wells Fargo 4518100235 Depository
Core-Mark International, Inc Wells Fargo 4518100177 Depository
Core-Mark International, Inc Wells Fargo 4758355309 Depository
Core-Mark International, Inc Wells Fargo 4159688902 Depository
Core-Mark International, Inc Wells Fargo 4091220731 Depository
Core-Mark International, Inc Wells Fargo 4801900069 Depository
Core-Mark International, Inc Wells Fargo 4801908815 Depository
Core-Mark International, Inc Wells Fargo 4496851460 Depository
Core-Mark International, Inc Wells Fargo 4311848584 Disbursement
Core-Mark International, Inc Wells Fargo 4759613938 Disbursement
Core-Mark International, Inc Wells Fargo 4518110564 Disbursement
Core-Mark International, Inc Wells Fargo / Wachovia 540459849 Disbursement
Core-Mark International, Inc Wilson & Muir 7516436 Depository
Fleming Companies, Inc. Bank of America 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 8806323919 Depository
Fleming Companies, Inc. JP Morgan 8806363428 Depository
Fleming Companies, Inc. JP Morgan 323252842 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 6300064998 Disbursement
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
FORM MOR - 1C
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED)
(DOLLARS IN 000'S)
JUNE 1, 2004 -
FLEMING COMPANIES, INC. & SUBSIDIARIES [1] [2] [3] JUNE 30, 2004
- -------------------------------------------------- --------------
NET SALES $ 371,686
COSTS AND EXPENSES:
Cost of sales (360,896)
Selling and administrative (9,466)
Reorganization items, net (441)
Interest expense (127)
Interest income and other 236
Impairment/restructuring charges -
---------
TOTAL COSTS AND EXPENSES (370,694)
---------
Income/(Loss) before income taxes 992
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 992
---------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (12,407)
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (12,407)
---------
---------
NET INCOME/(LOSS) $ (11,415)
---------
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 the current month 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
ABCO FOOD GROUP, INC. JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
CORE-MARK INTERNATIONAL, INC. JUNE 30, 2004
- ----------------------------- -------------
NET SALES $ 265,690
COSTS AND EXPENSES:
Cost of sales (257,730)
Selling and administrative (6,709)
Reorganization items, net (436)
Interest expense (127)
Interest income and other 211
Impairment/restructuring charges -
---------
TOTAL COSTS AND EXPENSES (264,790)
---------
Income/(Loss) before income taxes 900
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 900
---------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
---------
---------
NET INCOME/(LOSS) $ 900
---------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
CORE-MARK INTERRELATED COMPANIES, INC. JUNE 30, 2004
- -------------------------------------- --------------
NET SALES $ 7,976
COSTS AND EXPENSES:
Cost of sales (7,567)
Selling and administrative (93)
Reorganization items, net -
Interest expense -
Interest income and other (0)
Impairment/restructuring charges -
---------
TOTAL COSTS AND EXPENSES (7,659)
---------
Income/(Loss) before income taxes 317
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 317
---------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
---------
---------
NET INCOME/(LOSS) $ 317
---------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
CORE-MARK MID-CONTINENT, INC. JUNE 30, 2004
- ----------------------------- --------------
NET SALES $ 45,398
COSTS AND EXPENSES:
Cost of sales (44,040)
Selling and administrative (900)
Reorganization items, net -
Interest expense -
Interest income and other 22
Impairment/restructuring charges -
---------
TOTAL COSTS AND EXPENSES (44,917)
---------
Income/(Loss) before income taxes 481
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 481
---------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
---------
---------
NET INCOME/(LOSS) $ 481
---------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
DUNIGAN FUELS, INC. JUNE 30, 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 111
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 111
---------
---------
NET INCOME/(LOSS) $ 111
---------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
FAVAR CONCEPTS, LTD JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
FLEMING COMPANIES, INC. JUNE 30, 2004
- ----------------------- --------------
NET SALES $ 15,561
COSTS AND EXPENSES:
Cost of sales (15,336)
Selling and administrative (659)
Reorganization items, net (5)
Interest expense -
Interest income and other 0
Impairment/restructuring charges -
---------
TOTAL COSTS AND EXPENSES (16,000)
---------
Income/(Loss) before income taxes (439)
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (439)
---------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes (11,397)
Taxes on income/(loss) -
---------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (11,397)
---------
---------
NET INCOME/(LOSS) $ (11,836)
---------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
FLEMING FOODS OF TEXAS, L.P. JUNE 30, 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 (739)
Taxes on income/(loss) -
- ------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (739)
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (739)
- ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
FLEMING INTERNATIONAL, LTD JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
FLEMING TRANSPORTATION SERVICES, INC. JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
HEAD DISTRIBUTING COMPANY JUNE 30, 2004
- ------------------------------------------------------------------------------
NET SALES $ 7,864
COSTS AND EXPENSES:
Cost of sales (7,741)
Selling and administrative (430)
Reorganization items, net -
Interest expense -
Interest income and other -
Impairment/restructuring charges -
- ------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (8,172)
- ------------------------------------------------------------------------------
Income/(Loss) before income taxes (307)
Taxes on income/(loss) -
- ------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS (307)
- ------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- ------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (307)
- ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
MINTER-WEISMAN CO. JUNE 30, 2004
- ------------------------------------------------------------------------------
NET SALES $ 29,197
COSTS AND EXPENSES:
Cost of sales (28,483)
Selling and administrative (675)
Reorganization items, net -
Interest expense -
Interest income and other 2
Impairment/restructuring charges -
- ------------------------------------------------------------------------------
TOTAL COSTS AND EXPENSES (29,156)
- ------------------------------------------------------------------------------
Income/(Loss) before income taxes 41
Taxes on income/(loss) -
- ------------------------------------------------------------------------------
INCOME/(LOSS) FROM CONTINUING OPERATIONS 41
- ------------------------------------------------------------------------------
DISCONTINUED OPERATIONS:
Income/(Loss) before income taxes -
Taxes on income/(loss) -
- ------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS -
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 41
- ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
PIGGLY WIGGLY COMPANY JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
PROGRESSIVE REALTY, INC. JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
RAINBOW FOOD GROUP, INC. JUNE 30, 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 5
Taxes on income/(loss) -
- ------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS 5
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
NET INCOME/(LOSS) $ 5
- ------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
RETAIL INVESTMENTS, INC. JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
RFS MARKETING SERVICES, INC. JUNE 30, 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: 06/01/04 - 06/30/04
STATEMENT OF OPERATIONS (UNAUDITED) [1]
(DOLLARS IN 000'S)
JUNE 1, 2004 -
RICHMAR FOODS, INC. JUNE 30, 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 (387)
Taxes on income/(loss) -
- -------------------------------------------------------------------------------------------
INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (387)
- -------------------------------------------------------------------------------------------
NET INCOME/(LOSS) $ (387)
- -------------------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED)
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. & SUBSIDIARIES [1] JUNE 30, 2004
- -------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [12] $ 277,576
Receivables, net [2] 420,899
Inventories 153,736
Assets held for sale [3] 1,145
Other current assets 36,831
- -------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 890,188
- -------------------------------------------------------------------------------------------
Investments and notes receivable, net 34
Investment in direct financing leases -
- -------------------------------------------------------------------------------------------
Net property and equipment 37,628
- -------------------------------------------------------------------------------------------
Other assets 42,449
- -------------------------------------------------------------------------------------------
TOTAL ASSETS $ 970,298
- -------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable [2] $ 223,858
Liabilities held for sale [3] -
Other current liabilities 50,361
- -------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 274,218
- -------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 6,169
Liabilities subject to compromise [4] [5] 2,427,797
Net intercompany due to (from) [6] 1,393
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 710,623
Reinvested earnings (deficit) (2,571,991)
Accumulated other comprehensive income:
Additional minimum pension liability [11] (15,663)
Cumulative foreign currency translation adjustment 1,532
- -------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,739,279)
- -------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 970,298
- -------------------------------------------------------------------------------------------
FORM MOR - 3
LIABILITIES SUBJECT TO COMPROMISE [4] [5]
Debt and notes payable [7] [8] $ 1,532,953
Accounts payable [9] [13] [14] 431,980
Damage estimates for closed and rejected leases [10] 148,553
Other liabilities [9] [15] 38,034
Pension obligation [11] 258,354
Taxes payable [9] [16] 17,923
--------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,427,797
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 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 by Fleming for receivables from
vendors. Fleming continues to evaluate the recoverability of its customer
accounts receivable.
[3] Assets Held for Sale is comprised of assets from closed convenience
divisions.
[4] Liabilities Subject to Compromise is comprised of prepetition long-term
debt, accounts payable, damage estimates for closed and rejected leases,
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 balances as of the current month end.
[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 current end of month
balances.
[11] 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. On June 1,
2004, the Court approved a settlement between the Company and the PBGC
related to the Fleming Consolidated Pension Plan. The settlement becomes
effective on the Effective Date of Fleming's Plan of Reorganization. The
terms of the settlement call for the PBGC to receive an Allowed
Administrative Claim of $2.0 million, an Allowed Other Priority Non-Tax
Claim of $750 thousand, and an Allowed General Unsecured Claim of $200
million. The amounts necessary to adjust the pension accrual to the
settlement amount was made in April and reflected in the April Statement
of Operations.
[12] Cash and cash equivalents includes restricted cash related to the
collateralization of prepetition letters of credit totaling approximately
$68 million.
[13] Fleming has reached agreement in principle with the lead plaintiffs
representing a class of vendors who provided goods directly to third party
retailers prior to April 1, 2003 and for which remittances had allegedly
been collected by Fleming but not turned over to the vendors (DSD
vendors). The settlement amount is $17.5 million. An adjustment was made
in April, and reflected in the April Statement of Operations, to the
liability subject to compromise account to reflect the settlement amount.
Final approval was received for the $17.5 million settlement and funds
were disbursed in July 2004.
CORE-MARK ENTITIES
[14] Accounts payable includes trade payables and accrued expenses. Accounts
payable represents a review of the accounts payable trial balance. See
also footnote 2 above.
[15] Other liabilities, which include accrued compensation, other current
liabilities and other long-term liabilities, represent a review of the
applicable balance sheet account.
[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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
ABCO FOOD GROUP, INC. JUNE 30, 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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERNATIONAL, INC. JUNE 30, 2004
- -------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 74,813
Receivables, net 135,667
Inventories 103,451
Assets held for sale -
Other current assets 31,578
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 345,509
- ------------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------------------------------
Net property and equipment 17,651
- ------------------------------------------------------------------------------------------------
Other assets 34,550
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 397,709
- ------------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 124,256
Liabilities held for sale -
Other current liabilities 14,486
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 138,742
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 5,678
Liabilities subject to compromise 77,920
Net intercompany due to (from) 175,369
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 $ 397,709
- ------------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 73,466
Damage estimates for closed and rejected leases -
Other liabilities 133
Pension obligation 4,270
Taxes payable 51
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 77,920
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK INTERRELATED COMPANIES, INC. JUNE 30, 2004
- -------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 4,777
Inventories 7,433
Assets held for sale -
Other current assets 45
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 12,255
- ------------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------------------------------
Net property and equipment 269
- ------------------------------------------------------------------------------------------------
Other assets -
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 12,524
- ------------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 1,867
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 1,867
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,255
Net intercompany due to (from) 5,402
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income: -
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- ------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 12,524
- ------------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,255
Damage estimates for closed and rejected leases -
Other liabilities -
Pension obligation -
Taxes payable -
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,255
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
CORE-MARK MID-CONTINENT, INC. JUNE 30, 2004
- -------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 23,805
Inventories 20,417
Assets held for sale -
Other current assets 3,648
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 47,870
- ------------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------------------------------
Net property and equipment 10,779
- ------------------------------------------------------------------------------------------------
Other assets 1,302
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 59,951
- ------------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 2,587
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 2,587
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 5,281
Net intercompany due to (from) 52,083
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income: -
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- ------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 59,951
- ------------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 5,251
Damage estimates for closed and rejected leases -
Other liabilities 31
Pension obligation -
Taxes payable -
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 5,281
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
DUNIGAN FUELS, INC. JUNE 30, 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 $ -
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 81
Liabilities subject to compromise 7,504
Net intercompany due to (from) (4,643)
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 7,080
Damage estimates for closed and rejected leases -
Other liabilities -
Pension obligation -
Taxes payable 424
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 7,504
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FAVAR CONCEPTS, LTD JUNE 30, 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 -
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 1,249
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 542
Damage estimates for closed and rejected leases -
Other liabilities -
Pension obligation -
Taxes payable 706
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 1,249
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING COMPANIES, INC. JUNE 30, 2004
- -------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents [3] $ 201,809
Receivables, net 187,026
Inventories 6,549
Assets held for sale 1,145
Other current assets 312
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 396,842
- ------------------------------------------------------------------------------------------------
Investments and notes receivable, net 34
Investment in direct financing leases -
- ------------------------------------------------------------------------------------------------
Net property and equipment 5,476
- ------------------------------------------------------------------------------------------------
Other assets 5,229
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 407,581
- ------------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 83,696
Liabilities held for sale -
Other current liabilities 35,741
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 119,437
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities 411
Liabilities subject to compromise 2,272,726
Net intercompany due to (from) (245,714)
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share 136,221
Capital in excess of par value 710,623
Reinvested earnings (deficit) (2,571,991)
Accumulated other comprehensive income: -
Additional minimum pension liability [2] (15,663)
Cumulative foreign currency translation adjustment 1,532
- ------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ (1,739,279)
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 407,581
- ------------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ 1,532,953
Accounts payable 287,204
Damage estimates for closed and rejected leases 148,553
Other liabilities 35,444
Pension obligation [2] 254,084
Taxes payable 14,489
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 2,272,726
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. On June 1,
2004, the Court approved a settlement between the Company and the PBGC
related to the Fleming Consolidated Pension Plan. The settlement becomes
effective on the Effective Date of Fleming's Plan of Reorganization. The
terms of the settlement call for the PBGC to receive an Allowed
Administrative Claim of $2.0 million, an Allowed Other Priority Non-Tax
Claim of $750 thousand, and an Allowed General Unsecured Claim of $200
million. The amounts necessary to adjust the pension accrual to the
settlement amount was made in April and reflected in the April Statement of
Operations.
[3] Cash and cash equivalents includes restricted cash related to the
collateralization of prepetition letters of credit totaling approximately
$68 million.
FORM MOR - 3
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING FOODS OF TEXAS, L.P. JUNE 30, 2004
- -------------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 24,378
Inventories -
Assets held for sale -
Other current assets -
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 24,378
- ------------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ------------------------------------------------------------------------------------------------
Net property and equipment -
- ------------------------------------------------------------------------------------------------
Other assets 4
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 24,382
- ------------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 205
Liabilities held for sale -
Other current liabilities -
- ------------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 205
- ------------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 14,552
Net intercompany due to (from) 9,626
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income: -
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- ------------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 24,382
- ------------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 12,554
Damage estimates for closed and rejected leases -
Other liabilities 305
Pension obligation -
Taxes payable 1,694
------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 14,552
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING INTERNATIONAL, LTD JUNE 30, 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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
FLEMING TRANSPORTATION SERVICES, INC. JUNE 30, 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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
HEAD DISTRIBUTING COMPANY JUNE 30, 2004
- ---------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 404
Receivables, net 12,164
Inventories 3,783
Assets held for sale -
Other current assets 115
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 16,465
- ---------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------------
Net property and equipment 1,239
- ---------------------------------------------------------------------------------------------
Other assets 1,259
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL ASSETS $ 18,963
- ---------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 5,958
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 5,958
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 6,497
Net intercompany due to (from) 6,508
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 $ 18,963
- ---------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 6,491
Damage estimates for closed and rejected leases -
Other liabilities 6
Pension obligation -
Taxes payable -
-------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 6,497
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
MINTER-WEISMAN CO. JUNE 30, 2004
- ---------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 550
Receivables, net 17,047
Inventories 12,104
Assets held for sale -
Other current assets 774
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 30,474
- ---------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------------
Net property and equipment 2,213
- ---------------------------------------------------------------------------------------------
Other assets 26
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL ASSETS $ 32,714
- ---------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 4,777
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 4,777
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 4,356
Net intercompany due to (from) 23,581
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 $ 32,714
- ---------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 4,356
Damage estimates for closed and rejected leases -
Other liabilities -
Pension obligation -
Taxes payable -
-------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 4,356
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PIGGLY WIGGLY COMPANY JUNE 30, 2004
- ---------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 440
Inventories -
Assets held for sale -
Other current assets -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 440
- ---------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------------
Net property and equipment -
- ---------------------------------------------------------------------------------------------
Other assets -
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL ASSETS $ 440
- ---------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 148
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 148
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 320
Net intercompany due to (from) (29)
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 $ 440
- ---------------------------------------------------------------------------------------------
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 $ 320
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
PROGRESSIVE REALTY, INC. JUNE 30, 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 -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 9
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 $ -
- ---------------------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RAINBOW FOOD GROUP, INC. JUNE 30, 2004
- ---------------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 4,519
Inventories -
Assets held for sale -
Other current assets 9
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 4,528
- ---------------------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- ---------------------------------------------------------------------------------------------
Net property and equipment -
- ---------------------------------------------------------------------------------------------
Other assets 79
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL ASSETS $ 4,607
- ---------------------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 304
Liabilities held for sale -
Other current liabilities -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 304
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 19,793
Net intercompany due to (from) (15,490)
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 $ 4,607
- ---------------------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 19,793
Damage estimates for closed and rejected leases -
Other liabilities -
Pension obligation -
Taxes payable -
-------------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 19,793
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RETAIL INVESTMENTS, INC. JUNE 30, 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 -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) -
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income: -
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- ---------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ -
- ---------------------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RFS MARKETING SERVICES, INC. JUNE 30, 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 -
- ---------------------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES -
- ---------------------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise -
Net intercompany due to (from) -
SHAREHOLDERS' EQUITY:
Common stock, $2.50 par value per share
Capital in excess of par value
Reinvested earnings (deficit)
Accumulated other comprehensive income: -
Additional minimum pension liability
Cumulative foreign currency translation adjustment
- ---------------------------------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY $ -
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ -
- ---------------------------------------------------------------------------------------------
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: 06/01/04 - 06/30/04
BALANCE SHEET (UNAUDITED) [1]
(DOLLARS IN 000'S)
AS OF
RICHMAR FOODS, INC. JUNE 30, 2004
- ---------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ -
Receivables, net 7,946
Inventories -
Assets held for sale -
Other current assets 347
- -------------------------------------------------------------------------------
TOTAL CURRENT ASSETS 8,293
- -------------------------------------------------------------------------------
Investments and notes receivable, net -
Investment in direct financing leases -
- -------------------------------------------------------------------------------
Net property and equipment -
- -------------------------------------------------------------------------------
Other assets -
- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
TOTAL ASSETS $ 8,293
- -------------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable $ 54
Liabilities held for sale -
Other current liabilities 134
- -------------------------------------------------------------------------------
TOTAL CURRENT LIABILITIES 188
- -------------------------------------------------------------------------------
Long-term debt -
Long-term obligations under capital leases -
Other liabilities -
Liabilities subject to compromise 10,781
Net intercompany due to (from) (2,676)
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 $ 8,293
- -------------------------------------------------------------------------------
LIABILITIES SUBJECT TO COMPROMISE
Debt and notes payable $ -
Accounts payable 8,108
Damage estimates for closed and rejected leases -
Other liabilities 2,115
Pension obligation -
Taxes payable 558
---------
TOTAL LIABILITIES SUBJECT TO COMPROMISE $ 10,781
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: 06/01/04 - 06/30/04
(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] $ 340 - $ 32 372
- ---------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES $ 340 $ - $ 32 $ 372
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
STATE AND LOCAL
- ---------------------------------------------------------------------------------------------
Payroll Taxes [1] $ - $ - $ - $ -
- ---------------------------------------------------------------------------------------------
Sales [2] $ - - - -
- ---------------------------------------------------------------------------------------------
Excise [2] $ 144 - - 144
- ---------------------------------------------------------------------------------------------
Real & Personal Property [3] $ 2,441 - - 2,441
- ---------------------------------------------------------------------------------------------
Cigarette & Tobacco [4] $ - - - -
- ---------------------------------------------------------------------------------------------
Franchise [2] $ 411 - - 411
- ---------------------------------------------------------------------------------------------
Total State and Local $ 2,996 $ - $ - $ 2,996
- ---------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------
TOTAL TAXES $ 3,336 $ - $ 32 $ 3,368
- ---------------------------------------------------------------------------------------------
BEGINNING AMOUNT ENDING
TAX WITHHELD OR AMOUNT TAX
CORE-MARK [9] LIABILITY ACCRUED PAID LIABILITY
- -----------------------------------------------------------------------------------------------
FEDERAL
- -----------------------------------------------------------------------------------------------
Payroll Taxes [1] $ 379 $ 2,405 $ (2,470) $ 314
- -----------------------------------------------------------------------------------------------
Income [10] $ 15 - - 15
- -----------------------------------------------------------------------------------------------
TOTAL FEDERAL TAXES $ 394 $ 2,405 $ (2,470) $ 329
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
STATE AND LOCAL
- -----------------------------------------------------------------------------------------------
Payroll Taxes [1] $ (22) $ 325 $ (343) $ (40)
- -----------------------------------------------------------------------------------------------
Sales $ 19 39 (33) 24
- -----------------------------------------------------------------------------------------------
Excise $ 551 326 (253) 625
- -----------------------------------------------------------------------------------------------
Real & Personal Property [3] $ 817 216 (1) 1,031
- -----------------------------------------------------------------------------------------------
Cigarette & Tobacco $ 32,676 94,040 (91,232) 35,483
- -----------------------------------------------------------------------------------------------
Other: GST [5] $ 2,201 2,416 (2,081) 2,536
- -----------------------------------------------------------------------------------------------
Other: Spokane & Portland B&O Tax [6] $ 56 58 (56) 58
- -----------------------------------------------------------------------------------------------
Total State and Local $ 36,298 $ 97,419 $(94,000) $ 39,717
- -----------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------
TOTAL TAXES $ 36,692 $ 99,824 $(96,470) $ 40,046
- -----------------------------------------------------------------------------------------------
SUMMARY OF UNPAID POSTPETITION DEBTS
FLEMING ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT
- -----------------------------------------------------------------------------------------------
Current $ -
- -----------------------------------------------------------------------------------------------
0 - 30 days [7] 84,414
- -----------------------------------------------------------------------------------------------
31 - 60 days -
- -----------------------------------------------------------------------------------------------
61 - 90 days -
- -----------------------------------------------------------------------------------------------
91+ days -
- -----------------------------------------------------------------------------------------------
Total Accounts Payable [8] $ 84,414
- -----------------------------------------------------------------------------------------------
CORE-MARK ACCOUNTS PAYABLE AGING (IN THOUSANDS) AMOUNT
Current $ -
- -----------------------------------------------------------------------------------------------
0 - 30 days [7] 139,444
- -----------------------------------------------------------------------------------------------
31 - 60 days -
- -----------------------------------------------------------------------------------------------
61 - 90 days -
- -----------------------------------------------------------------------------------------------
91+ days -
- -----------------------------------------------------------------------------------------------
Total Accounts Payable [8] $139,444
- -----------------------------------------------------------------------------------------------
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 or decrease in the
current month.
[3] Fleming's postpetition real and personal property tax amounts are reviewed
on an continuing basis and the Company anticipates additional adjustments
will be made in future periods. 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: 06/01/04 - 06/30/04
(DOLLARS IN 000'S)
ACCOUNTS RECEIVABLE AGINGS
FLEMING ACCOUNTS RECEIVABLE AGING [1] [2] AMOUNT
Not Due $ 2,864
- -----------------------------------------------------------------------------------------------
Current 7,223
- -----------------------------------------------------------------------------------------------
1 - 7 days old 457
- -----------------------------------------------------------------------------------------------
8 - 14 days old 457
- -----------------------------------------------------------------------------------------------
15 - 21 days old 457
- -----------------------------------------------------------------------------------------------
+ Over 21 days 292,800
- -----------------------------------------------------------------------------------------------
Credits Over 21 days [5] -
- -----------------------------------------------------------------------------------------------
Total Accounts Receivable $304,258
- -----------------------------------------------------------------------------------------------
Amount considered uncollectible (Bad Debt) [3] (76,818)
- -----------------------------------------------------------------------------------------------
Accounts Receivable (Net) $227,440
- -----------------------------------------------------------------------------------------------
CORE-MARK ACCOUNTS RECEIVABLE AGING [1] [4] AMOUNT
Current $176,340
- -----------------------------------------------------------------------------------------------
1 - 30 days old 17,568
- -----------------------------------------------------------------------------------------------
31 - 45 days old 631
- -----------------------------------------------------------------------------------------------
40 - 60 days old 472
- -----------------------------------------------------------------------------------------------
61 - 90 days old 649
- -----------------------------------------------------------------------------------------------
91 - 120 days old 176
- -----------------------------------------------------------------------------------------------
+ Over 120 days 4,077
- -----------------------------------------------------------------------------------------------
Total Accounts Receivable $199,913
- -----------------------------------------------------------------------------------------------
Amount considered uncollectible (Bad Debt) [3] (6,454)
- -----------------------------------------------------------------------------------------------
Accounts Receivable (Net) $193,459
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. X
- -----------------------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other than a debtor in
possession account this reporting period?
If yes, provide an explanation below. X
- -----------------------------------------------------------------------------------------------
3. Have all postpetition tax returns been timely filed? If no, provide
an explanation below. X
- -----------------------------------------------------------------------------------------------
4. Are workers compensation, general liability and other necessary
insurance coverages in effect?
If no, provide an explanation below. X
- -----------------------------------------------------------------------------------------------
NOTES
[1] Of the Core-Mark's 7 Eastern divisions ("Fleming 7"), Core-Mark's accounts
receivable aging includes Head and Minter-Weisman and Fleming's accounts
receivable aging includes the four convenience divisions that are part of
Fleming Companies, Inc. Four of the seven divisions were closed in 2003.
In cases where the aging of detail accounts receivable amounts are not
available, the amount is allocated to the aging brackets.
[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 the end of the current month.
[4] 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.
[5] 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: 06/01/04 - 06/30/04
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 (15150 Preston Road, Suite 240; Dallas, TX 75248).
Ernst & Young LLP 2121 San Jacinto Street, Suite 1500 Dallas Office
Dallas TX 75201 Phone (214) 969-8000
Facsimile (214) 969-9770
FLEMING COMPANIES, INC. ET AL.
CASE NOS. 03-01944 - 03-10973 (MFW JOINTLY ADMINISTERED)
REPORTING PERIOD: JUNE 1, 2004 TO JUNE 30, 2004
TAX AFFIDAVIT
By order of this Court dated May 6, 2003, Ernst & Young (E&Y) has been retained
to provide certain tax services to the Debtors (the "Tax Services"). E&Y
provided the Tax Services pursuant to the terms and conditions set forth in the
engagement letter attached hereto as Ex. A which was allowed under the May 6,
2003 Bankruptcy Court Order of E&Y retention. Pursuant to this retention order,
E&Y assists the Debtor with the following tax services during the reporting
period on behalf of Fleming Companies, Inc. and affiliates ("the Debtor"):
- Prepare certain federal income, state income, state franchise, gross
receipts and net worth tax returns and provide them to management of
the Debtor for signature;
- Prepare certain sales, excise, and use tax returns for U.S., state
and local governments and provide them to management of the Debtor
for filing;
- Provide certain property tax returns prepared by third party
consultants to management of the Debtor for filing;
- Prepare certain property tax returns and provide them to management
of the Debtor for filing; and
- Update a tax filing calendar for certain income, franchise, sales
and use, cigarette, tobacco, and other miscellaneous taxes, and
business license filings and provide it to Debtor's management for
review and approval.
The Debtor's management is responsible for establishing and maintaining its tax
system and procedures.
During the reporting period, all returns were timely filed with the appropriate
jurisdictions.
To the best of my knowledge, E&Y has completed the above mentioned activities
related to the tax returns covered by the engagement letter which are required
to be prepared or filed by the Fleming Companies, Inc. and its affiliates during
the reporting period referenced above.
July 21, 2004 /s/ Lisa Shield Vines
- ------------------------ --------------------------
Date Lisa Shield Vines, Partner