Exhibit 99.6
H. J. HEINZ COMPANY
Unaudited Pro Forma Consolidated Balance Sheet
October 30, 2002
Adjustments
for the
Historical Transaction Pro Forma
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(in thousands)
ASSETS
Current assets:
Cash and cash equivalents $ 297,005 $ (5,142)(a) $ 291,863
Receivables, net 1,300,976 (187,860)(a) 1,113,116
Inventories 1,703,075 (315,148)(a) 1,387,927
Prepaid expenses and other current assets 327,391 (54,863)(a) 272,528
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Total current assets 3,628,447 (563,013) 3,065,434
Property, plant and equipment 4,016,099 (652,510)(a) 3,363,589
Less accumulated depreciation 1,740,988 (327,256)(a) 1,413,732
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Total property, plant and equipment, net 2,275,111 (325,254) 1,949,857
Other noncurrent assets:
Goodwill, net 2,500,455 (706,794)(a) 1,793,661
Trademarks, net 843,017 (256,931)(a) 586,086
Intangible assets, net 144,078 (4,994)(a) 139,084
Other noncurrent assets 1,372,526 (43,006)(a) 1,329,520
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Total other noncurrent assets 4,860,076 (1,011,725) 3,848,351
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Total assets $ 10,763,634 $ (1,899,992) $ 8,863,642
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt $ 162,571 $ -- $ 162,571
Portion of long-term debt due within one year 529,815 (450,000)(b) 79,815
Accounts payable 1,024,295 (66,533)(a) 957,762
Salaries and wages 52,553 (2,625)(a) 49,928
Accured marketing 212,920 (22,672)(a) 190,248
Other accrued liabilities 441,522 (38,978)(a) 402,544
Income taxes 243,989 (60)(a) 243,929
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Total current liabilities 2,667,665 (580,868) 2,086,797
Long-term debt 4,781,933 (620,000)(b) 4,161,933
Deferred income taxes 413,588 (134,867)(a) 278,721
Non-pension postretirement benefits 211,173 (21,234)(a) 189,939
Other liabilities 806,994 (23,102)(a) 783,892
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Total long-term debt and other liabilities 6,213,688 (799,203) 5,414,485
Shareholders' equity:
Common stock 107,883 -- 107,883
Additional capital 379,080 -- 379,080
Retained Earnings 4,996,183 (519,125)(c) 4,477,058
Less:
Treasury Stock at cost 2,882,046 -- 2,882,046
Unearned compensation 28,498 -- 28,498
Accumulated other comprehensive loss 690,321 796 (a) 691,117
------------ ------------ ------------
Total shareholders' equity 1,882,281 (519,921) 1,362,360
------------ ------------ ------------
Total liabilities and shareholders' equity $ 10,763,634 $ (1,899,992) $ 8,863,642
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H. J. HEINZ COMPANY
Unaudited Pro Forma Consolidated Balance Sheet
October 30, 2002
(a) Represents the assets and liabilities directly attributable to the
businesses that were transferred to SKF Foods as a result of the
transaction.
(b) The repayment of approximately $1.1 billion of debt with the cash
received from Del Monte as a result of the transaction.
(c) Represents the adjustment to retained earnings as a result of the net assets
being transferred to SKF Foods as a result of the transaction.