EXHIBIT 99.1
ANC RENTAL CORPORATION, ET AL. CASE NO. 01-11200 JOINTLY ADMINISTERED
COMBINED SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS - SUBSTITUTE MOR-1
For the Period August 1, to August 31, 2002
CURRENT PERIOD ACTIVITY ACTIVITY - FILING PERIOD TO DATE
----------------------------- ----------------------------------
ACTUAL PROJECTED ACTUAL PROJECTED
Cash - Beginning of Period $130,834,091 $ 56,994,000 $ 101,226,814 $ 99,778,000
Receipts:
Credit Card and Local Deposits $190,863,085 $ 214,737,000 $ 1,712,848,786 $ 1,553,380,000
Collections of Accounts Receivable 67,859,015 49,825,000 517,988,656 310,194,000
Other Receipts 87,422,457 34,116,000 254,116,136 221,524,000
==================================================================
Total Receipts $346,144,557 $ 298,678,000 $ 2,484,953,578 $ 2,085,098,000
Disbursements:
US Trustee Fees Paid $ -- $ -- $ 225,750 $ --
4 Fleet Operating Expenses 15,596,771 18,816,000 130,026,647 145,556,000
5a Personnel - Net Cash Payroll 23,606,264 19,373,357 210,449,785 195,498,896
5b Personnel - Payroll Taxes Paid 8,335,980 6,841,231 78,055,422 69,628,631
5c Personnel - Benefits Payments 6,391,113 5,245,104 57,596,906 51,418,634
5d Personnel - Payments of Garnishments Withheld 167,308 137,308 1,749,971 1,631,085
6 Travel Expenses Paid 482,050 297,000 2,978,522 2,970,000
7 Fuel Payments For Rental Fleet 4,319,576 5,062,000 36,971,171 41,811,000
8 Airport - Agency - Concession Fees Paid 19,615,352 6,729,000 160,651,049 54,879,000
9 Insurance Payments All 9,878,210 13,969,000 76,333,488 108,530,000
11 Facility and Other Fixed Operating Expenses Paid 18,829,380 7,907,000 157,561,660 109,293,000
13 Travel Agency Tour Operator Commission Payments 6,958,363 8,455,000 75,113,432 68,836,000
14 Advertising Payments 8,809,349 7,469,000 33,093,415 51,015,000
15 IT Consulting Payments 4,605,539 3,738,000 41,596,968 35,369,000
16 IT Other Cash Payments 2,901,107 5,824,000 20,765,295 52,765,000
17 Sales Taxes and Other Taxes Paid 22,258,471 28,551,000 203,869,292 238,233,000
18 Professional Fees Paid - Ordinary Course 887,844 172,000 11,737,209 4,702,000
19 Professional Fees Paid - Bankruptcy Professionals 3,747,374 1,440,000 14,363,616 18,200,000
20 Other Miscellaneous Operating Expenses Paid 8,395,986 3,234,000 78,689,366 37,994,000
23 Capital Expenditures 1,343,534 3,478,000 5,611,473 47,355,000
24 Interest and Financing Fees Paid 1,535,276 540,000 20,140,390 8,330,000
25 Vehicle Holding Costs Paid 92,635,535 104,408,000 709,746,528 679,800,000
25.1 Fleet Purchase Payments and Financing Enhancements 57,135,359 19,700,000 296,310,130 183,326,000
26 Working Capital Fundings to Subsidiaries -- -- 4,000,000 6,000,000
==================================================================
Total Disbursements $318,435,741 $ 271,386,000 $ 2,427,637,486 $ 2,213,141,245
Net Cash Flow $ 27,708,816 $ 27,292,000 $ 57,316,093 $ (128,043,245)
==================================================================
Cash at End of Period $158,542,907 $ 84,286,000 $ 158,542,907 $ (28,265,245)
==================================================================
Notes: "Projected" amounts for the month of August posted from the February
15, 2002 revised budget.
"Projected" amounts for the Filing Period to Date reflect a combination
of the original budget and the revised budget.
Effective July 2002 and for future periods, category 12 "Other" has
been combined with Category 20 "Other".
Effective August 2002, all Insurance payments combined in item 9
"Insurance All".
ANC RENTAL CORPORATION ET AL.,
CASE NO. 01-11200 JOINTLY ADMINISTERED
SUMMARY COMBINED BALANCE SHEET
AUGUST 31, 2002
<Table>
ASSETS
Cash & Cash Equivalents $ 157,877,903
Restricted Cash 665,004
Receivables, net 150,910,069
Prepaid Expenses 46,883,110
Revenue Earning Vehicles, net (18,487,271)
Property Plant & Equip, net 247,046,983
Intangible Assets, net 127,131,913
Investment in Subsidiaries 3,752,925,943
Other Assets 30,931,838
--------------
TOTAL ASSETS $4,495,885,492
==============
LIABILITIES & SHAREHOLDERS' EQUITY
Accounts Payable $ 150,152,557
Estimated Debt - Vehicle Rental 20,582,336
Accrued Liabilities 266,426,477
Insurance Reserves 295,442,418
Other Debt 287,889,282
Deferred Income Taxes 253,710,734
Interest rate hedges at fmv 82,260,000
Due to Affiliates 696,094,707
Other Liabilities 83,742,659
--------------
TOTAL LIABILITIES 2,136,301,170
Shareholders' equity 2,359,584,322
--------------
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $4,495,885,492
==============
</Table>
ANC Rental Corporation, et al.,
Case Number 01-11200 Jointly Administered One Month For the Period
Summary Statement of Operations Ended Nov. 13, 2001 to
For the Periods as Indicated August 31, 2002 August 31, 2002
Total Revenue 212,273,289 1,743,778,083
Direct Operating Costs 92,750,125 832,503,522
Vehicle Depreciation, net 78,739,379 702,046,051
SGA 41,915,018 387,377,323
Amortization of Intangibles - 290,750
Transition Cost 23,136,300 155,574,718
Interest Income (200,792) (2,579,369)
Interest Expense 4,074,312 50,241,085
FMV Stand Alone Caps 2,774,804 29,853,422
Other (Income)/expense net 240,429 52,448,551
Loss on Sale and Leaseback Transaction
-------------------------------
Income/(Loss) Before Tax (31,156,286) (463,977,970)
Income Taxes - -
-------------------------------
Net Income (31,156,286) (463,977,970)
===============================
Note: Obligations incurred by ANC Management
Services, Inc., Republic Guy Salmon, Inc., and
certain other subsidiaries are settled by ANC
Rental Corporation then charged to the respective
subsidiary by way of an intercompany charge.