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 October 1, to October 31, 2002
Activity -
Current Period Activity Filing Period to Date
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Actual Projected Actual Projected
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Cash - Beginning of Period $ 161,200,742 $ 38,251,000 $ 101,226,814 $ 99,778,000
Receipts:
Credit Card and Local Deposits $ 165,496,976 $ 168,941,000 $2,038,481,139 $1,888,005,000
Collections of Accounts Receivable 45,944,225 41,290,000 633,276,515 389,881,000
Other Receipts 33,345,823 16,617,000 343,738,104 239,065,000
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Total Receipts $ 244,787,024 $ 226,848,000 $3,015,495,758 $2,516,951,000
Disbursements:
US Trustee Fees Paid $ 79,250 $ -- $ 305,000 $ --
4 Fleet Operating Expenses 15,657,332 17,964,000 161,523,329 178,657,000
5a Personnel - Net Cash Payroll 25,311,947 18,209,083 256,532,044 231,510,850
5b Personnel - Payroll Taxes Paid 9,534,500 6,858,995 95,551,515 83,311,750
5c Personnel - Benefits Payments 7,689,616 5,531,809 71,095,790 61,929,744
5d Personnel - Payments of Garnishments Withheld 210,058 151,113 2,127,684 1,925,901
6 Travel Expenses Paid 587,224 330,000 4,209,191 3,603,000
7 Fuel Payments For Rental Fleet 4,658,870 5,041,000 45,300,878 51,349,000
8 Airport - Agency - Concession Fees Paid 15,630,135 5,770,000 195,566,579 66,600,000
9 Insurance Payments All 11,288,149 11,630,000 100,970,784 131,097,000
11 Facility and Other Fixed Operating Expenses Paid 18,419,106 7,628,000 190,991,118 124,942,000
13 Travel Agency Tour Operator Commission Payments 6,346,193 8,601,000 88,523,056 85,311,000
14 Advertising Payments 4,823,552 7,297,000 52,321,996 65,476,000
15 IT Consulting Payments 4,703,451 -- 51,576,891 39,117,000
16 IT Other Cash Payments 1,836,559 5,336,000 24,277,342 63,872,000
17 Sales Taxes and Other Taxes Paid 21,867,034 25,222,000 247,570,502 296,297,000
18 Professional Fees Paid - Ordinary Course 1,137,644 172,000 13,862,590 5,046,000
19 Professional Fees Paid - Bankruptcy Professionals 2,368,358 1,440,000 18,878,796 22,220,000
20 Other Miscellaneous Operating Expenses Paid 18,069,471 4,406,000 105,781,849 46,438,000
23 Capital Expenditures 940,866 4,712,000 9,242,292 56,829,000
24 Interest and Financing Fees Paid 2,980,144 540,000 23,318,326 9,860,000
25 Vehicle Holding Costs Paid 4,110,501 9,700,000 805,612,691 782,303,000
25.1 Fleet Purchase Payments and Financing Enhancements 95,851,363 93,933,000 415,695,883 290,959,000
26 Working Capital Fundings to Subsidiaries -- -- 4,000,000 6,000,000
============= ============= ============== ==============
Total Disbursements $ 274,101,322 $ 240,473,000 $2,984,836,128 $2,704,654,245
Net Cash Flow $ (29,314,298) $ (13,625,000) $ 30,659,630 $ (187,703,245)
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Cash at End of Period $ 131,886,444 $ 24,626,000 $ 131,886,444 $ (87,925,245)
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Notes: "Projected" amounts for the month of October 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, 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
OCTOBER 31, 2002
ASSETS
Cash & Cash Equivalents $ 131,325,760
Restricted Cash 560,684
Receivables, net 88,497,091
Prepaid Expenses 43,074,616
Revenue Earning Vehicles, net (22,588,950)
Property Plant & Equip, net 258,302,632
Investment in Subsidiaries 3,727,634,589
Other Assets 35,669,016
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TOTAL ASSETS $4,262,475,438
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LIABILITIES & SHAREHOLDERS' EQUITY
Accounts Payable $ 142,640,571
Estimated Debt - Vehicle Rental 9,422,702
Accrued Liabilities 293,089,367
Insurance Reserves 299,538,925
Other Debt 287,609,749
Deferred Income Taxes 253,710,734
Interest rate hedges at fmv 82,260,000
Due to Affiliates 707,710,759
Other Liabilities 79,038,318
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TOTAL LIABILITIES 2,155,021,125
Shareholders' equity 2,107,454,313
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TOTAL LIABILITIES & SHAREHOLDERS' EQUITY $4,262,475,438
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ANC RENTAL CORPORATION, ET AL.
CASE NUMBER 01-11200, JOINTLY ADMINISTERED
COMBINED STATEMENT OF OPERATIONS
FOR THE PERIODS AS INDICATED
For the One For the Period
Month Ended November 13,
October 31, 2001 to October
2002 31, 2002
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Total Revenue 168,016,532 2,069,014,008
Direct Operating Costs 90,824,746 1,007,133,933
Vehicle Depreciation, net 70,153,855 839,722,678
SGA 35,613,482 445,773,285
Amortization of Intangibles 14,277 305,027
Transition Cost 6,555,769 162,459,889
Interest Income (302,577) (3,082,502)
Interest Expense 4,877,081 59,422,397
FMV Stand Alone Caps 2,775,376 35,562,759
Other (income) / expense net (117,864) 121,249,944
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Net Income (42,377,613) (599,533,402)
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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.