Exhibit 99.1
CHART INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)
(Dollars in thousands)
July 31,
2003
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ASSETS
Current Assets
Cash and cash equivalents $ 16,986
Accounts receivable, net 42,590
Inventories, net 39,630
Other current assets 27,710
Assets held for sale
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Total Current Assets 126,916
Property, plant and equipment, net 46,683
Goodwill, net 76,977
Other assets, net 11,118
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TOTAL ASSETS $ 261,694
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LIABILITIES & SHAREHOLDERS' DEFICIT
Current Liabilities
Accounts payable $ 10,685
Customer advances and billings in excess of contract revenue 4,584
Accrued expenses and other liabilities 5,698
Current maturities of long-term debt 2,242
Senior debt in default
Pre-petition liabilities not subject to compromise 40,718
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Total Current Liabilities 63,927
Long-term debt 1,025
Other long-term liabilities 993
Pre-petition long-term liabilities not subject to compromise 28,776
Pre-petition liabilities subject to compromise:
Senior debt in default 255,746
Accrued interest and fees 2,161
Shareholders' Deficit
Common stock 266
Additional paid-in-capital 46,548
Retained deficit (132,304)
Accumulated other comprehensive loss (4,558)
Treasury stock (886)
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Shareholders' Deficit (90,934)
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TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 261,694
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