Exhibit 99.2
UNITED STATES BANKRUPTCY COURT
WESTERN DISTRICT OF PENNSYLVANIA
In re: Carbide Graphite Group, Inc., et al.
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Debtors
Case Numbers: 01-0029744 through 01-00297448 MBM
Reporting Period: July 1 to July 31, 2002
MONTHLY OPERATING REPORT
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DOCUMENT EXPLANATION
REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED
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Schedule of Cash Receipts and Disbursements MOR-1 X
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Bank Reconciliation (or copies of debtor's bank reconciliation) MOR-1 (CON'T) X
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Copies of bank statements X
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Cash disbursements journal X
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Statement of Operations MOR-2 X
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Balance Sheet MOR-3 X
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Status of Postpetition Taxes MOR-4 X
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Copies of IRS Form 6123 or payment receipt X
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Copies of tax returns filed during reporting period X
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Summary of Unpaid Postpetition Debts MOR-5 X
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Listing of aged accounts payable X
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Accounts Receivable Reconciliation and Aging MOR-5 X
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Debtor Questionnaire MOR-6 X
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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.
/s/ William M. Thalman 30-Aug-02
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Signature of Debtor Date
Willian M. Thalman VP-Treasurer
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Printed Name of Debtor Title
CARBIDE/GRAPHITE GROUP, INC.
MOR-1
A schedule of cash receipts and disbursements was completed and is available by
request
Bank reconciliations were performed and are available by request
Bank statements are available by request
The cash disbursements by legal entity are listed below
DISBURSEMENTS BY LEGAL ENTITY JULY-02
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LEGAL ENTITY
The Carbide/Graphite Group, Inc. $ 7,248,985
Seadrift Coke, L.P. $ 3,949,484
Carbon/Graphite International, Inc. (FSC) < $15,000
CG Specialty Products Management Corporation < $15,000
Carbide/Graphite Management Corporation < $15,000
CARBIDE/GRAPHITE GROUP, INC.
MOR-2
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED JULY 31, 2002
(#'S IN '000S)
Sales $ 10,344
Cost of goods sold 10,931
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Gross profit (587)
SG&A 707
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Operating income before items below (1,294)
Other compensation -
Other (income) expense, net 176
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Operating income/(loss) (1,470)
Non-operating expenses (income):
Special financing costs -
Interest expense 937
Other non-operating (income)/expense -
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Income/(loss) before income taxes (2,407)
Provision for income taxes (58)
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Net income (loss) from continuing operations (2,349)
Extraordinary loss on early extinguishment of debt
net of tax benefit -
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Net income (loss) $ (2,349)
==========
Est. earnings per share data:
Income excluding other items $ (0.27)
Income before discontinued operations $ (0.28)
Extraordinary loss $ -
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Net income per share $ (0.28)
Weighted average shares 8,331,342
CARBIDE/GRAPHITE GROUP, INC.
MOR-3
CONSOLIDATED BALANCE SHEET AS AT JULY 31, 2002
(#'S IN '000S)
ASSETS
Current assets:
Cash & short term investments $ 1,048
Marketable securities 0
Accounts receivable
Accounts receivable 30,127
Allowance for doubtful accts (3,480)
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Net accounts receivable 26,647
Inventory
Gross inventory 61,858
Obsolescence reserve (671)
Lifo reserve (14,919)
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Net inventory 46,268
Prepaid expenses 3,122
Other current assets 3,505
Deferred tax asset 0
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Total current assets 80,590
Fixed assets:
Gross 351,052
Accumulated depreciation (243,646)
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Net fixed assets 107,406
Other assets 6,277
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TOTAL ASSETS $ 194,273
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LIABILITIES
Current liabilities:
Trade accounts payable $ 24,959
Overdrafts 0
Other current liabilities 38,653
Debt - Current 135,567
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Total current liabilities 199,179
Long-term debt:
Senior notes 0
Line of credit 0
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Total long -term debt 0
Long term reserves 15,569
Deferred revenue 1,069
Deferred tax provision 0
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TOTAL LIABILITIES 215,817
SHAREHOLDERS' EQUITY
Common stock 99
Additional paid in capital 36,712
Treasury stock, at cost (11,207)
Common stock to be issued under warrants 3,424
Unfunded pension obligation (4,893)
Other comprehensive income 0
Retained earnings (45,679)
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TOTAL SHAREHOLDERS' EQUITY (21,544)
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TOTAL LIABILITIES AND S.H. EQUITY $ 194,273
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THE CARBIDE/GRAPHITE GROUP INC.
DEBTOR
CASE # 01-29744-MBM
STATUS OF POSTPETITION TAXES
REPORT PERIOD - JULY 2002
Beginning Amount Ending
Tax Withheld or Amount Date Check No. Tax
Liability Accrued Paid Paid or EFT Liability
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FEDERAL
Withholding 0.00 339,120.62 36,739.76 7/9/2002 ** 0.00
73,266.54 7/12/2002 **
58,692.88 7/16/2002 **
38,180.83 7/23/2002 **
70,794.77 7/26/2002 **
61,445.84 8/1/2002 **
FICA - Employee 0.00 186,762.95 21,256.73 37446 ** 0.00
41,644.96 7/12/2002 **
30,347.27 7/16/2002 **
21,786.17 7/23/2002 **
41,529.87 7/26/2002 **
30,197.95 8/1/2002 **
FICA - Employer 0.00 189,393.85 21,455.12 7/9/2002 ** 0.00
41,930.69 37449 **
30,347.30 7/16/2002 **
21,935.03 7/23/2002 **
43,527.79 7/26/2002 **
30,197.92 8/1/2002 **
Unemployment 1,563.55 343.46 1,563.55 6/30/2002 ** 343.46
Income 0.00 0.00 0.00
Other:
Total Federal Taxes 1,563.55 715,620.88 716,840.97 343.46
State and Local
Withholding (0.63) 102,792.45 102,520.77 See Attached 271.05 (1)
SALES 0.00 19,732.72 6,333.23 37455 306719 0.00
5,442.22 EFT 78301/95895
7,957.27 37449 503761
Excise 0.00 0.00 0.00 0.00
Unemployment 18,702.99 4,383.08 18703 See Attached 4,383.07 (2)
Real Property 0.00 0.00
Personal Property 0.00 0.00
Other:
Total State and Local Taxes 18,702.36 126,908.25 122,253.49 4,654.12
Total Taxes 20,265.91 842,529.13 839,094.46 4,997.58
** ADP Statement of Deposits Attached
(1) SIT Due MISS 271.05
(2) SUI Due KY 1235.98
NY 477.98
NC 0
PA 2,669.12
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4,383.08
SEADRIFT COKE L.P.
DEBTOR
CASE # 01-29744-MBM
STATUS OF POSTPETITION TAXES
REPORT PERIOD - JULY 2002
Beginning Amount Ending
Tax Withheld or Amount Check No. Tax
Liability Accrued Paid or EFT Liability
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FEDERAL
Withholding - 55,452.52 28,551.80 7/9/2002 ** (0.00)
26,900.72 7/23/2002 **
-
FICA - Employee - 32,689.63 16,676.14 7/9/2002 ** 0.00
16,013.49 7/23/2002 **
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FICA - Employer 0.01 32,689.55 16,676.14 7/9/2002 ** 0.01
16,013.41 7/23/2002 **
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Unemployment 2.74 - 2.74 6/30/2002 ** -
Income -
Other:
Total Federal Taxes 2.75 120,831.70 120,834.44 0.01
STATE AND LOCAL
Withholding - -
Sales - 2,421.13 2,421.13 7/17/2002 42336 -
Excise - -
Unemployment 170.86 - 170.86 6/30/2002 ** -
Real Property - -
Personal Property - -
Other: - -
Total State and Local Taxes 170.86 2,421.13 2,591.99 -
Total Taxes 173.61 123,252.83 123,426.43 0.01
** ADP Statement of Deposits Attached
MOR-5
THE CARBIDE/GRAPHITE GROUP, INC.
CONSOLIDATED ACCOUNTS PAYABLE AGING
JULY 31, 2002
TOTAL 0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS 91 - 120 DAYS PRE-PETITION
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$ 26,085,625 $ 2,256,558 $ 119,370 $ 1,532,309 $ 1,415,296 $ 20,762,092
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A summary of unpaid post petition debts has been completed and is available upon
request
THE CARBIDE/GRAPHITE GROUP, INC.
CONSOLIDATED ACCOUNTS RECEIVABLE AGING
JULY 31, 2002
0 - 30 DAYS 31 - 60 DAYS 61 - 90 DAYS 91 - 120 DAYS OVER 120 DAYS
TOTAL OUTSTANDING OUTSTANDING OUTSTANDING OUTSTANDING OUTSTANDING
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$ 24,566,224 $ 11,629,601 $ 6,587,493 $ 3,193,734 $ 1,076,239 $ 2,079,157
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An accounts receivable reconciliation has been completed and is available upon
request.
THE CARBIDE/GRAPHITE GROUP, INC.
MOR-6
DEBTOR QESTIONNAIRE
JULY 31, 2002
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Yes No
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1. Have any assets been sold or transferred outside the normal course of
business this reporting period? If yes, provide and explanation below. X
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2. Have any funds been disbursed from any account other than a debtor in
possession account this reporting period? If yes, provide and explanation
below. X
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3. Have all postpetition tax returns been timely filed? If no, provide and
explanation below. X
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4. Are workers compensation, general liability and other necessary insurance
coverages in effect? If no, provide an explanation below. X
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