/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/050416.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, April 16, 2005, Vol. 9, No. 89 Headlines ACCEPTANCE INSURANCE: Posts $54,671 Net Loss in March 2005 AMES DEPT: Monthly Operating Report for Period Ended Jan. 1, 2005 AMES DEPT: Monthly Operating Report for Period Ended Jan. 29, 2005 AMES DEPT: Monthly Operating Report for Period Ended Feb. 26, 2005 ATA AIRLINES: January 2005 Net Loss Narrows to $23.7 Million ATA AIRLINES: Posts $23.6 Million Net Loss in February 2005 FEDERAL-MOGUL: Earns $26 Million of Net Income in February 2005 KAISER ALUMINUM: Earns $2.4 Million of Net Income in February 2005 KEYSTONE CONSOLIDATED: Posts $3.4 Million Net Loss in March 2005 MIRANT CORP: Earns $63.8 Million of Net Income in January 2005 MIRANT: MAGi Earns $42.7 Million of Net Income in January 2005 OWENS CORNING: Posts $10.8 Million Net Loss in January 2005 PARMALAT: Releases Monthly Operating Report Ended Jan. 29, 2005 PARMALAT: Releases Monthly Operating Report Ended Feb. 26, 2005 PARMALAT: Milk Products' January 2005 Monthly Operating Report PARMALAT: Milk Products' February 2005 Monthly Operating Report PARMALAT: Farmland Dairies' January 2005 Monthly Operating Report PARMALAT: Farmland Dairies' February 2005 Monthly Operating Report ROBOTIC VISION: Posts $1.7 Million Net Loss in February 2005 THAXTON GROUP: Posts $30.8 Million Net Loss in February 2005 TOWER AUTOMOTIVE: Files Schedules of Assets & Debts TOWER AUTOMOTIVE: Allgoods USA Inc.'s Schedules of Assets & Debts TOWER AUTOMOTIVE: Bardstown Inc.'s Schedules of Assets & Debts TOWER AUTOMOTIVE: Bowling Green LLC's Schedules of Assets & Debts TOWER AUTOMOTIVE: Chicago's Schedules of Assets & Debts TOWER AUTOMOTIVE: Finance's Schedules of Assets & Debts TOWER AUTOMOTIVE: Granite City's Schedules of Assets & Debts TOWER AUTOMOTIVE: Granite City LLC's Schedules of Assets & Debts TOWER AUTOMOTIVE: International's Schedules of Assets & Debts TOWER AUTOMOTIVE: Int'l. Yorozu's Schedules of Assets & Debts TOWER AUTOMOTIVE: Lansing's Schedules of Assets & Debts TOWER AUTOMOTIVE: Madison's Schedules of Assets & Debts TOWER AUTOMOTIVE: Michigan's Schedules of Assets & Debts TOWER AUTOMOTIVE: Milwaukee's Schedules of Assets & Debts TOWER AUTOMOTIVE: Plymouth's Schedules of Assets & Debts TOWER AUTOMOTIVE: Products Company's Schedules of Assets & Debts TOWER AUTOMOTIVE: Receivables Co.'s Schedules of Assets & Debts TOWER AUTOMOTIVE: R.J. Tower's Schedules of Assets & Debts TOWER AUTOMOTIVE: Services & Tech.'s Schedules of Assets & Debts TOWER AUTOMOTIVE: S.R.O.'s Schedules of Assets & Debts TOWER AUTOMOTIVE: Technology's Schedules of Assets & Debts TOWER AUTOMOTIVE: Technology Product's Schedules of Assets & Debts TOWER AUTOMOTIVE: Tool LLC's Schedules of Assets & Debts TOWER AUTOMOTIVE: Tower Services' Schedules of Assets & Debts TOWER AUTOMOTIVE: Trylon Corp.'s Schedules of Assets & Debts TRINITY ENERGY: Releases February 2005 Operating Report TRUMP HOTELS: THCR Holdings' Amended Schedules of Assets & Debts TRUMP HOTELS: THCR Inc.'s Amended Schedules of Assets & Debts TRUMP HOTELS: THCR Development's Amended Financial Schedules TRUMP HOTELS: TAC Associates' Amended Schedules of Assets & Debts TRUMP HOTELS: Casino Funding's Amended Schedules of Assets & Debts TRUMP HOTELS: Casino Holdings' Amended Schedules of Assets & Debts TRUMP HOTELS: Trump Marina's Amended Schedules of Assets & Debts USG CORP: Earns $19.4 Million of Net Income in February 2005 WINN-DIXIE: Earns $125.8MM of Net Income for 16 Days Ended Mar. 9 WINN-DIXIE: Files Schedules of Assets & Liabilities WINN-DIXIE: Dixie Stores Inc. Files Schedules of Assets & Debts WINN-DIXIE: Astor Products Files Schedules of Assets & Debts WINN-DIXIE: Montgomery Inc. Files Schedules of Assets & Debts WINN-DIXIE: Raleigh Inc. Files Schedules of Assets & Debts WINN-DIXIE: Supermarkets' Schedules of Assets & Liabilities WINSTAR COMMS: Releases February 2005 Monthly Operating Report ********* ACCEPTANCE INSURANCE: Posts $54,671 Net Loss in March 2005 ---------------------------------------------------------- On April 7, 2005, Acceptance Insurance Companies Inc., filed its monthly operating report for March 2005, with the U.S. Bankruptcy Court for the District of Nebraska. The Debtor reports a $54,671 net loss for March 2005. On Mar. 31, 2005, Acceptance Insurance Companies Inc.'s balance sheet showed: Total Current Assets $2,839,144 Total Assets 32,891,144 Total Liabilities 138,214,395 Total Shareholders' Equity Deficit ($105,323,251) A full-text copy of Acceptance Insurance Companies Inc.'s March 2005 Monthly Operating Report is available at no charge at: http://www.sec.gov/Archives/edgar/data/74783/000119312505074518/dex991.htm Headquartered in Council Bluffs, Iowa, Acceptance Insurance Companies Inc. -- http://www.aicins.com/-- owns, either directly or indirectly, several companies, one of which is an insurance company that accounts for substantially all of the business operations and assets of the corporate groups. The Company filed for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case No. 05-80059). The Debtor's affiliates -- Acceptance Insurance Services, Inc., and American Agrisurance, Inc. -- filed separate chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05- 80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP, represents the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed $33,069,446 in total assets and $137,120,541 in total debts. AMES DEPT: Monthly Operating Report for Period Ended Jan. 1, 2005 ----------------------------------------------------------------- Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Balance Sheets At January 1, 2005 (In Thousands) ASSETS Current Assets: Cash and cash equivalents $26,458 Restricted cash 59,287 Receivables 1,796 ---------- Total current assets 87,541 ---------- Fixed Assets - ---------- Total assets $87,541 ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable: Trade $58,516 Other 13,318 ---------- Total accounts payable 71,834 Self-insurance reserves 30,484 Accrued expenses 22,995 Liabilities subject to compromise 845,743 ---------- Total liabilities 971,056 Stockholders' equity (deficit) Common stock 295 Additional paid-in capital 533,393 Accumulated deficit (1,416,281) Treasury stock (922) ---------- Total stockholders' deficit (883,515) ---------- Total liabilities and stockholders' deficit $87,541 ========== Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Statements of Operations For Five Weeks Ended January 1, 2005 (In Thousands) Total revenue $2,874 Costs and expenses Wind down expenses and other costs 7,462 Gain on sale of fixed assets (26,250) Professional fees 75 ---------- Income before income taxes 21,587 Income tax provision - ---------- Net Income $21,587 ========== Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Statements of Cash Flows For Five Weeks Ended January 1, 2005 (In Thousands) Cash flows from operating activities: Net income $21,587 Expenses not requiring the outlay of cash: Gain on the sale of assets (26,250) ---------- Cash used by operations (4,663) Changes in working capital: Increase in receivables (712) Decrease in accrued exp. & other liabilities (1,408) Decrease in accounts payable (830) Decrease in Restricted Cash 97 ---------- Net cash used by operating activities (7,516) Cash flows from financing activities: Change in liabilities subject to compromise (2,408) Proceeds from the sale of assets 26,250 ---------- Net cash provided by financing activities 23,842 Increase in cash and cash equivalents 16,326 Cash and cash equivalents, beginning of period 10,132 ---------- Cash and cash equivalents, end of period $26,458 ========== Ames Department Stores filed for chapter 11 protection on August 20, 2001 (Bankr. S.D.N.Y. Case No. 01-42217). Albert Togut, Esq., Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J. Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the Company filed for protection from their creditors, they listed $1,901,573,000 in assets and $1,558,410,000 in liabilities. (AMES Bankruptcy News, Issue No. 66; Bankruptcy Creditors' Service, Inc., 215/945-7000) AMES DEPT: Monthly Operating Report for Period Ended Jan. 29, 2005 ------------------------------------------------------------------ Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Balance Sheets At January 29, 2005 (In Thousands) ASSETS Current Assets: Cash and cash equivalents $22,302 Restricted cash 59,268 Receivables 1,906 ---------- Total current assets 83,476 Fixed assets - ---------- Total assets $83,476 ========== LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Accounts payable: Trade $56,540 Other 13,303 ---------- Total accounts payable 69,843 Self-insurance reserves 29,973 Accrued expenses 20,813 Liabilities subject to compromise 846,099 ---------- Total liabilities 966,728 Stockholders' equity (deficit) Common stock 295 Additional paid-in capital 533,393 Accumulated deficit (1,416,018) Treasury stock (922) ---------- Total stockholders' deficit (883,252) ---------- Total liabilities and stockholders' deficit $83,476 ========== Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Statements of Operations For Four Weeks Ended January 29, 2005 (In Thousands) TOTAL REVENUE $333 COSTS AND EXPENSES Wind down expenses and other costs 2,035 Write off of excess reserves (2,139) Professional fees 175 ---------- Income before income taxes 262 Income tax provision - ---------- Net Income $262 ========== Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Statements of Cash Flows For Four Weeks Ended January 29, 2005 (In Thousands) Cash flows from operating activities: Net income $262 Expenses not requiring the outlay of cash: Gain on the sale of assets - ---------- Cash provided by operations 262 Changes in working capital: Increase in receivables (110) Decrease in accrued exp. and other liabilities (2,692) Decrease in accounts payable (1,991) Decrease in Restricted Cash 19 ---------- Net cash used by operating activities (4,512) Cash flows from financing activities: Change in liabilities subject to compromise 356 Proceeds from the sale of assets - ---------- Net cash provided by financing activities 356 Decrease in cash and cash equivalents (4,156) Cash and cash equivalents, beginning of period 26,458 ---------- Cash and cash equivalents, end of period $22,302 ========== Ames Department Stores filed for chapter 11 protection on August 20, 2001 (Bankr. S.D.N.Y. Case No. 01-42217). Albert Togut, Esq., Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J. Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the Company filed for protection from their creditors, they listed $1,901,573,000 in assets and $1,558,410,000 in liabilities. (AMES Bankruptcy News, Issue No. 66; Bankruptcy Creditors' Service, Inc., 215/945-7000) AMES DEPT: Monthly Operating Report for Period Ended Feb. 26, 2005 ------------------------------------------------------------------ Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Balance Sheets At February 26, 2005 (In Thousands) ASSETS Current Assets: Cash and cash equivalents $20,296 Restricted cash 59,274 Receivables 1,401 ---------- Total current assets 80,971 Fixed assets - ---------- Total assets $80,971 ========== LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Accounts payable: Trade $56,247 Other 12,375 ---------- Total accounts payable 68,622 Self-insurance reserves 29,685 Accrued expenses 19,910 Liabilities subject to compromise 846,185 ---------- Total liabilities 964,402 Stockholders' equity (deficit) Common stock 295 Additional paid-in capital 533,393 Accumulated deficit (1,416,197) Treasury stock (922) ---------- Total stockholders' deficit (883,431) ---------- Total liabilities and stockholders' deficit $80,971 ========== Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Statements of Operations For Four Weeks Ended February 26, 2005 (In Thousands) Total revenue $90 Costs and expenses Wind down expenses and other costs 144 Write off of excess reserves - Professional fees 125 ---------- Loss before income taxes (179) Income tax provision - ---------- Net Loss ($179) ========== Ames Department Stores, Inc., and Subsidiaries Unaudited Consolidated Condensed Statements of Cash Flows For Four Weeks Ended February 26, 2005 (In Thousands) Cash flows from operating activities: Net loss ($179) Expenses not requiring the outlay of cash: Gain on the sale of assets - ---------- Cash used by operations (179) Changes in working capital: Decrease in receivables 505 Decrease in accrued exp. and other liabilities (1,191) Decrease in accounts payable (1,221) Increase in Restricted Cash (6) ---------- Net cash used by operating activities (2,092) Cash flows from financing activities: Change in liabilities subject to compromise 86 Proceeds from the sale of assets - ---------- Net cash provided by financing activities 86 Decrease in cash and cash equivalents (2,006) Cash and cash equivalents, beginning of period 22,302 ---------- Cash and cash equivalents, end of period $20,296 ========== Ames Department Stores filed for chapter 11 protection on August 20, 2001 (Bankr. S.D.N.Y. Case No. 01-42217). Albert Togut, Esq., Frank A. Oswald, Esq. at Togut, Segal & Segal LLP and Martin J. Bienenstock, Esq., and Warren T. Buhle, Esq., at Weil, Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the Company filed for protection from their creditors, they listed $1,901,573,000 in assets and $1,558,410,000 in liabilities. (AMES Bankruptcy News, Issue No. 66; Bankruptcy Creditors' Service, Inc., 215/945-7000) ATA AIRLINES: January 2005 Net Loss Narrows to $23.7 Million ------------------------------------------------------------ ATA Holdings Corp. and Subsidiaries Unaudited Balance Sheet As of January 31, 2005 Assets Current assets Cash and cash equivalents $123,471,000 Receivables, net of allowance for doubtful accounts 125,996,000 Inventories, net 42,741,000 Prepaid expenses and other current assets 44,786,000 -------------- TOTAL CURRENT ASSETS 336,994,000 Property and equipment Flight equipment 199,273,000 Facilities and ground equipment 147,611,000 Accumulated depreciation (167,176,000) -------------- TOTAL PROPERTY, PLANT AND EQUIPMENT 179,708,000 Restricted cash 31,571,000 Goodwill 8,488,000 Prepaid aircraft rent 56,974,000 Investment in BATA 6,818,000 Deposits and other assets 27,064,000 -------------- TOTAL ASSETS $647,617,000 ============== Liabilities and Shareholders' Deficit Current liabilities Long-term debt in default - Current maturities on long-term debt 41,000,000 Accounts payable 7,075,000 Air traffic liabilities 85,657,000 Accrued expenses 126,755,000 -------------- Total current liabilities 260,487,000 Long-term debt - Deferred gains from sale & leaseback of aircraft - Other deferred items 31,220,000 Mandatorily redeemable preferred stock - -------------- TOTAL LIABILITIES 291,707,000 Liabilities subject to compromise 1,258,795,000 Commitments and contingencies Convertible redeemable preferred stock 30,000,000 Shareholders' Equity (deficit) Preferred stock, authorized 9,999,200 shares - Common stock, without par value 66,013,000 Treasury stock (24,778,000) Additional paid-in capital 18,166,000 Accumulated deficit (992,286,000) -------------- TOTAL SHAREHOLDERS' DEFICIT (932,885,000) -------------- TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $647,617,000 ============== ATA Holdings Corp. and Subsidiaries Unaudited Income Statement For the Month Ended January 31, 2005 Operating revenues: Scheduled service $60,365,000 Charter 38,781,000 Ground package 1,960,000 Other 3,999,000 -------------- TOTAL OPERATING REVENUES 105,105,000 Operating expenses: Salaries, wages and benefits 35,680,000 Fuel and oil 30,094,000 Aircraft rentals 16,038,000 Handling, landing and navigation fees 11,042,000 Aircraft maintenance, materials and repairs 5,706,000 Depreciation and amortization 4,098,000 Crew and other employee travel 3,589,000 Passenger service 3,246,000 Other selling expenses 2,953,000 Commissions 2,670,000 Facilities and other rentals 2,378,000 Ground package cost 1,673,000 Insurance 1,539,000 Advertising 612,000 Aircraft impairments and retirements 189,000 Other 5,296,000 -------------- TOTAL OPERATING EXPENSES 126,803,000 -------------- Operating income (loss) (21,698,000) Other income (expense) Interest income 142,000 Interest expense (525,000) Reorganization expenses (1,584,000) Other (77,000) -------------- TOTAL OTHER EXPENSE (2,044,000) -------------- Income (loss) before income taxes (23,742,000) Income taxes - -------------- NET INCOME (LOSS) ($23,742,000) ============== ATA Holdings Corp. and Subsidiaries Cash Flow Report For the Month Ended January 31, 2005 Cash Flows from Operating Activities: Net income ($22,158,000) Reorganization items (1,584,000) Adjustments to reconcile net income: Depreciation and amortization 4,098,000 Aircraft impairments and retirements 189,000 Other non-cash items (17,000) Changes in operating assets and liabilities: Receivables (7,189,000) Inventories 975,000 Prepaid expenses (5,539,000) Accounts payable (488,000) Air traffic liabilities (4,230,000) Liabilities Subject to Compromise 20,531,000 Accrued expenses 4,725,000 -------------- NET CASH PROVIDED BY OPERATING ACTIVITIES (10,687,000) Cash Flows from Investing Activities: Aircraft pre-delivery deposits - Capital expenditures (1,201,000) Non-current prepaid aircraft rent (4,943,000 Reductions to other assets (146,000) Proceeds from sales of property and equipment 159,000 -------------- NET CASH USED BY INVESTING ACTIVITIES (6,131,000) Cash Flows from Financing activities: Proceeds from DIP Financing - Payments on short-term debt and long-term debt (60,000) Decrease (increase) in restricted cash 697,000 -------------- NET CASH PROVIDED BY FINANCING ACTIVITIES 637,000 -------------- Net change in cash and cash equivalents (16,181,000) Cash and equivalents at beginning of period 139,652,000 -------------- Cash and cash equivalents at end of period $123,471,000 ============== Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA Holdings Corp. -- http://www.ata.com/-- is the nation's 10th largest passenger carrier (based on revenue passenger miles) and one of the nation's largest low-fare carriers. ATA has one of the youngest, most fuel-efficient fleets among the major carriers, featuring the new Boeing 737-800 and 757-300 aircraft. The airline operates significant scheduled service from Chicago- Midway, Hawaii, Indianapolis, New York and San Francisco to over 40 business and vacation destinations. Stock of parent company, ATA Holdings Corp., is traded on the Nasdaq Stock Exchange. The Company and its debtor-affiliates filed for chapter 11 protection on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868 through 04-19874). Terry E. Hall, Esq., at Baker & Daniels, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $745,159,000 in total assets and $940,521,000 in total debts. (ATA Airlines Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service, Inc., 215/945-7000) ATA AIRLINES: Posts $23.6 Million Net Loss in February 2005 ----------------------------------------------------------- ATA Holdings Corp. and Subsidiaries Unaudited Balance Sheet As of February 28, 2005 Assets Current assets Cash and cash equivalents $104,550,000 Receivables, net of allowance for doubtful accounts 125,687,000 Inventories, net 40,376,000 Prepaid expenses and other current assets 51,336,000 -------------- Total current assets 321,949,000 Property and equipment: Flight equipment 199,300,000 Facilities and ground equipment 147,665,000 Accumulated depreciation (170,614,000) -------------- TOTAL PROPERTY, PLANT AND EQUIPMENT 176,351,000 Restricted cash 31,447,000 Goodwill 8,488,000 Prepaid aircraft rent 48,960,000 Investment in BATA 6,706,000 Deposits and other assets 27,721,000 -------------- TOTAL ASSETS $621,622,000 Liabilities and Shareholders' Deficit Current liabilities Long-term debt in default 0 Current maturities on long-term debt 41,000,000 Accounts payable 4,877,000 Air traffic liabilities 88,694,000 Accrued expenses 126,722,000 -------------- TOTAL CURRENT LIABILITIES 261,293,000 Long-term debt 0 Deferred gains from sale and leaseback of aircraft 0 Other deferred items 30,507,000 Mandatorily redeemable preferred stock 0 -------------- TOTAL LIABILITIES 291,800,000 Liabilities subject to compromise 1,267,691,000 Commitments and contingencies Convertible redeemable preferred stock 30,000,000 Shareholders' Deficit Preferred stock; authorized 9,999,200 shares - Common stock, without par value 66,013,000 Treasury stock (24,778,000) Additional paid-in capital 18,166,000 Accumulated deficit (1,027,270,000) -------------- TOTAL SHAREHOLDERS' DEFICIT (967,869,000) -------------- TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $621,622,000 ============== ATA Holdings Corp. and Subsidiaries Unaudited Income Statement For the Month Ended February 28, 2005 Operating revenues: Scheduled service $48,432,000 Charter 36,852,000 Ground package 2,024,000 Other 3,365,000 -------------- TOTAL OPERATING REVENUES 90,673,000 Operating expenses: Salaries, wages and benefits 26,333,000 Fuel and oil 24,905,000 Aircraft rentals 15,649,000 Handling, landing and navigation fees 8,702,000 Aircraft maintenance, materials and repairs 4,520,000 Depreciation and amortization 4,065,000 Crew and other employee travel 4,312,000 Passenger service 3,321,000 Other selling expenses 2,377,000 Commissions 2,605,000 Facilities and other rentals 2,420,000 Insurance 2,353,000 Ground package cost 1,604,000 Advertising 1,221,000 Aircraft impairments and retirements 0 Other 5,141,000 -------------- TOTAL OPERATING EXPENSES 109,528,000 -------------- Operating income (loss) (18,855,000) Other income (expense): Interest income 148,000 Interest expense (547,000) Other (80,000) Reorganization expenses (4,237,000) -------------- TOTAL OTHER EXPENSE (4,716,000) Income (loss) before income taxes (23,571,000) Income taxes - -------------- NET INCOME (LOSS) ($23,571,000) ============== ATA Holdings Corp. and Subsidiaries Cash Flow Report For the Month Ended February 28, 2005 Cash Flows from Operating Activities: Net income ($19,334,000) Reorganization items (4,237,000) Adjustments to reconcile net income: Depreciation and amortization 4,065,000 Other non-cash items (229,000) Changes in operating assets and liabilities: Receivables 309,000 Inventories 2,006,000 Prepaid expenses (6,444,000) Accounts payable (2,198,000) Air traffic liabilities 3,037,000 Liabilities Subject to Compromise (2,517,000) Accrued expenses (33,000) -------------- NET CASH PROVIDED BY OPERATING ACTIVITIES (25,575,000) Cash Flows from Investing Activities: Capital expenditures (662,000) Noncurrent prepaid aircraft rent 8,014,000 Reductions to other assets (813,000) Proceeds from sales of property and equipment 158,000 -------------- NET CASH PROVIDED BY INVESTING ACTIVITIES 6,697,000 Cash Flows from Financing Activities: Payments on long term debt (60,000) Decrease in restricted cash 17,000 -------------- NET CASH PROVIDED BY FINANCING ACTIVITIES (43,000) -------------- Decrease in cash and cash equivalents (18,921,000) Cash and cash equivalents, beginning of period 123,471,000 -------------- Cash and cash equivalents, end of period $104,550,000 ============== Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATA Holdings Corp. -- http://www.ata.com/-- is the nation's 10th largest passenger carrier (based on revenue passenger miles) and one of the nation's largest low-fare carriers. ATA has one of the youngest, most fuel-efficient fleets among the major carriers, featuring the new Boeing 737-800 and 757-300 aircraft. The airline operates significant scheduled service from Chicago- Midway, Hawaii, Indianapolis, New York and San Francisco to over 40 business and vacation destinations. Stock of parent company, ATA Holdings Corp., is traded on the Nasdaq Stock Exchange. The Company and its debtor-affiliates filed for chapter 11 protection on Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868 through 04-19874). Terry E. Hall, Esq., at Baker & Daniels, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $745,159,000 in total assets and $940,521,000 in total debts. (ATA Airlines Bankruptcy News, Issue No. 20; Bankruptcy Creditors' Service, Inc., 215/945-7000) FEDERAL-MOGUL: Earns $26 Million of Net Income in February 2005 --------------------------------------------------------------- Federal-Mogul Global, Inc., et al. Unaudited Balance Sheet As of February 28, 2005 (In millions) Assets Cash and equivalents $431.4 Accounts receivable 596.2 Inventories 496.7 Deferred taxes 182.5 Prepaid expenses and other current assets 101.2 -------- Total current assets 1,808.0 Summary of Unpaid Postpetition Debits (15.7) Intercompany Loans Receivable (Payable) 2,615.8 -------- Intercompany Balances 2,600.0 Property, plant and equipment 1,022.6 Goodwill 1,124.2 Other intangible assets 443.5 Insurance recoverable 850.2 Other non-current assets 1,108.8 -------- Total Assets $8,957.2 ======== Liabilities and Shareholders' Equity Short-term debt $331.2 Accounts Payable 206.4 Accrued Compensation 93.0 Restructuring and rationalization reserves 11.7 Current portion of asbestos liability - Interest Payable 1.1 Other accrued liabilities 276.3 -------- Total current liabilities 919.7 Long-term debt - Post-employment benefits 2,025.1 Other accrued liabilities 993.6 Liabilities subject to compromise 6,014.9 Shareholders' equity: Preferred stock 1,050.6 Common stock 564.9 Additional paid-in capital 8,022.1 Accumulated deficit (9,612.6) Accumulated other comprehensive income (1,020.9) Other - -------- Total Shareholders' Equity (995.9) -------- Total Liabilities and Shareholders' Equity $8,957.2 ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Operations For the month ended February 28, 2005 (In millions) Net sales $272.4 Cost of products sold 232.3 -------- Gross margin 40.1 Selling, general & administrative expenses (53.5) Amortization (1.2) Reorganization items (8.2) Interest income (expense), net (8.7) Other income (expense), net 20.4 -------- Earnings before Income Taxes (11.1) Income Tax (Expense) Benefit (0.2) -------- Earnings before effect of change in acctg principle (11.2) Cumulative effect of change in acctg principle - -------- Net Earnings (loss) ($11.2) ======== Federal-Mogul Global, Inc., et al. Unaudited Statement of Cash Flows For the month ended February 28, 2005 (In millions) Cash Provided From (Used By) Operating Activities: Net earnings (loss) ($11.2) Adjustments to reconcile net earnings (loss): Depreciation and amortization 13.7 Adjustments of assets held for sale to fair value - Asbestos Charge - Summary of unpaid postpetition debits - Cumulative effect of change in acctg principle - Change in post-employment benefits (0.5) Decrease/(increase) in accounts receivable (12.6) Decrease/(increase) in inventories 0.1 Increase/(decrease) in accounts payable 14.1 Change in other assets and other liabilities (16.7) Change in restructuring charge (0.2) Refunds (payments) against asbestos liability - -------- Net Cash Provided From Operating Activities (13.4) Cash Provided From (Used By) Investing Activities: Expenditures for property, plant & equipment (5.3) Proceeds from sale of property, plant & equipment - Proceeds from sale of businesses - Business acquisitions, net of cash acquired - Other - -------- Net Cash Provided From (Used By) Investing Activities (5.3) Cash Provided From (Used By) Financing Activities: Increase (decrease) in debt 23.7 Sale of accounts receivable under securitization - Dividends - Other 6.0 -------- Net Cash Provided From Financing Activities 29.7 Increase (Decrease) in Cash and Equivalents 11.0 Cash and equivalents at beginning of period 420.4 -------- Cash and equivalents at end of period $431.4 ======== Headquartered in Southfield, Michigan, Federal-Mogul Corporation -- http://www.federal-mogul.com/-- is one of the world's largest automotive parts companies with worldwide revenue of some $6 billion. The Company filed for chapter 11 protection on October 1, 2001 (Bankr. Del. Case No. 01-10582). Lawrence J. Nyhan, Esq., James F. Conlan, Esq., and Kevin T. Lantry, Esq., at Sidley Austin Brown & Wood, and Laura Davis Jones, Esq., at Pachulski, Stang, Ziehl, Young, Jones & Weintraub, P.C., Represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $10.15 billion in assets and $8.86 billion in liabilities. At Dec. 31, 2004, Federal-Mogul's balance sheet showed a $1.925 billion stockholders' deficit. (Federal-Mogul Bankruptcy News, Issue No. 76; Bankruptcy Creditors' Service, Inc., 215/945-7000) KAISER ALUMINUM: Earns $2.4 Million of Net Income in February 2005 ------------------------------------------------------------------ Kaiser Aluminum Corporation -- All Debtors Unaudited Balance Sheets As of February 28, 2005 (In Thousands) ASSETS Cash $37,720 Receivables: Trade 107,573 Other 8,824 --------- Total Receivables 116,397 Inventories 115,688 Prepaid expenses and other current assets 59,611 --------- Total current assets 329,416 Investments in and advances to subsidiaries 59,987 Intercompany receivables/payables, net (4,741) Property, plant, and equipment - net 213,169 Deferred income taxes - Other assets 1,274,407 --------- Total Assets $1,872,238 ========= LIABILITIES & STOCKHOLDERS' EQUITY Liabilities not subject to compromise: Accounts Payable $46,206 Accrued interest 797 Accrued salaries, wages and related expenses 48,750 Accrued post retirement benefit - current - Other accrued liabilities 91,492 Payable to affiliates 45,344 Long term debt - current portion 1,207 --------- Total current liabilities 233,796 Long-term liabilities 30,341 Accrued postretirement benefit obligation - Long-term debt 2,812 Liabilities subject to compromise 3,981,567 Minority interests 655 Stockholders' equity: Preference stock - Common stock 789 Additional capital 538,009 Accumulated deficit - As of filing date (946,931) Accumulated deficit - Post filing date (1,961,433) Accumulated other comprehensive income (loss) (7,367) Note receivable from parent - --------- Total Liabilities & Stockholders' Equity $1,872,238 ========= Kaiser Aluminum Corporation -- All Debtors Unaudited Statements of Operations For the Month Ending February 28, 2005 (In Thousands) Net Sales $99,089 Costs and expenses: Cost of products sold 85,106 Depreciation & amortization 1,648 Selling, administrative, R&D and general 5,613 Other operating charges (benefits), net (3) --------- Total costs and expenses 92,364 --------- Operating income (loss) 6,725 Other income (expense): Interest expenses, net (830) Reorganization items (1,957) Other-net (154) --------- Income (loss) before income taxes and minority interest 3,784 (Provision) benefit for income taxes (1,278) Minority interests - Equity in income (loss) of subsidiaries (32) --------- Net income (loss) $2,474 ========= Kaiser Aluminum Corporation -- All Debtors Schedule of Consolidated Cash Receipts and Disbursements For the Month Ending February 28, 2005 (In Thousands) Receipts: Trade Receivables KACC Receivables $74,078 KAII Receivables 40,199 --------- Total Trade Receivables 114,277 COBRA receipts 772 Proceeds from Hedging Settlement 48 --------- Total Receipts 115,097 Disbursements: Inventory/Raw Materials 42,944 Capital Expenditures 1,142 Maintenance, Materials, etc. 3,527 Freight 2,593 Utilities/Energy 4,272 Hourly Payroll 6,429 Salaried Payroll 3,940 Hedging Activities 153 VEBA Advances 2,014 Medical - Current and Former Employees 2,915 Annual Insurance Premiums 196 Workmen's Compensation 719 Credit Agreement Fees 2,484 Refundable Amounts Paid to Previous DIP Lender 18,362 Corporate General and Administrative 2,611 JV Fundings - Alumina 13,909 JV Fundings - Primary, Net of Minority Interest 7,920 Other Disbursements 10,740 --------- Total Operating and G&A Disbursements 126,870 Reorganization Items 1,221 --------- Total Disbursements 128,091 --------- Net Cash Flow (12,994) Beginning Bank Cash Balances 53,806 --------- Ending Bank Cash Balances 40,812 Reconciling Items (3,092) --------- Ending Book Cash Balances $37,720 ========= Headquartered in Houston, Texas, Kaiser Aluminum Corporation -- http://www.kaiseral.com/-- operates in all principal aspects of the aluminum industry, including mining bauxite; refining bauxite into alumina; production of primary aluminum from alumina; and manufacturing fabricated and semi-fabricated aluminum products. The Company filed for chapter 11 protection on February 12, 2002 (Bankr. Del. Case No. 02-10429). Corinne Ball, Esq., at Jones Day, represents the Debtors in their restructuring efforts. On June 30, 2004, the Debtors listed $1.619 billion in assets and $3.396 billion in debts. (Kaiser Bankruptcy News, Issue No. 66; Bankruptcy Creditors' Service, Inc., 215/945-7000) KEYSTONE CONSOLIDATED: Posts $3.4 Million Net Loss in March 2005 ---------------------------------------------------------------- On April 11, 2005, Keystone Consolidated Industries, Inc., and its debtor-affiliates filed their monthly operating report for the month of March 2005, with the U.S. Bankruptcy Court for the Eastern District of Wisconsin. Keystone Consolidated reported a $3,376,751 net loss on $28,321,380 of net sales. At Feb. 28, 2005, Keystone Consolidated's balance sheet shows: Current Assets $87,405,978 Total Assets 319,237,329 Current Liabilities 165,065,422 Total Liabilities 177,739,966 Stockholders' Deficit $(25,680,059) A full-text copy of Keystone Consolidated Industries' March 2005 Monthly Operating Report is available at no charge at: http://www.sec.gov/Archives/edgar/data/55604/000005560405000013/exhibit991mar.txt Headquartered in Dallas, Texas, Keystone Consolidated Industries, Inc., makes carbon steel rod, fabricated wire products, including fencing, barbed wire, welded wire and woven wire mesh for the agricultural, construction and do-it-yourself markets. The Company filed for chapter 11 protection on February 26, 2004, (Bankr. E.D. Wisc. Case No. 04-22422). Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., and David L. Eaton, Esq., at Kirkland & Ellis LLP, represent the Debtors in their restructuring efforts. When the Company filed for protection from their creditors, it listed $196,953,000 in total assets and $365,312,000 in total debts. MIRANT CORP: Earns $63.8 Million of Net Income in January 2005 -------------------------------------------------------------- Mirant Corporation and Subsidiaries Consolidated Balance Sheet As of January 31, 2005 ASSETS Cash and cash equivalents $1,586,055,350 Accounts receivable - net 1,069,170,967 Assets from risk management activities 210,184,769 Derivative hedging instruments - Inventories 313,910,121 Other 573,272,469 --------------- Total Current Assets 3,752,593,676 Property, plant and equipment 5,179,672,848 Less: accumulated depreciation/depletion 825,206,985 Leasehold interests - net 1,492,334,321 Construction work in progress 129,078,007 Investment in suspended construction 249,742,047 --------------- Total net property, plant and equipment 6,225,620,238 Investments 249,890,556 Long-term accounts receivable - net 31,829,097 Notes receivable - net - Assets from risk management activities 112,290,975 Goodwill - net 5,767,352 Other intangibles - net 269,298,512 Derivative hedging instruments - Restricted cash, non-current 206,985,893 Other long-term assets 1 Miscellaneous deferred charges 633,215,995 --------------- Total Non-current Assets 1,509,278,381 --------------- TOTAL ASSETS $11,487,492,295 =============== LIABILITIES AND EQUITY Postpetition Liabilities: Debt $1,307,149,939 Accounts Payable 774,535,316 Liabilities from risk management activities 321,935,276 Obligations under energy deliveries 9,642,571 Derivative hedging instruments - Other 183,930,830 Miscellaneous deferred credits 765,448,115 --------------- Total postpetition liabilities 3,368,642,047 Prepetition Liabilities 9,205,387,551 --------------- TOTAL LIABILITIES 12,574,029,598 EQUITY: Minority interest in subsidiaries 166,996,063 Mandatory redeemable securities - Common stock 4,056,621 Additional paid-in capital 4,917,963,428 Retained earnings (6,091,114,199) Treasury stock, at cost (2,260,000) Accumulated other comprehensive income (82,179,216) --------------- Total Equity (1,086,537,303) --------------- TOTAL LIABILITIES AND OWNERS' EQUITY $11,487,492,295 =============== Mirant Corporation and Subsidiaries Consolidated Statements of Income For the month ending January 31, 2005 REVENUES: Generation $330,201,082 Net trading revenue (2,684,255) Distribution 49,961,306 Other 6,097,512 --------------- Net Revenue 383,575,645 OPERATING EXPENSES: Energy cost 202,938,678 Operations and maintenance 71,810,029 Depreciation and amortization 26,214,906 Gain on sale of property and investment (12,589) Impairment loss 989 Restructuring costs 905,298 --------------- Total Operating Expenses 301,857,311 --------------- Income before non-operating income and expense 81,718,334 OTHER INCOME AND EXPENSES: Interest income 1,485,103 Interest expense (10,744,328) Equity in income of affiliates 2,177,300 Other (75,880) Reorganization items (1,060,683) Minority interest (2,330,802) Net income from discontinued operations (185,203) --------------- Total Other Income (10,734,493) Provision for income tax (7,181,468) --------------- NET PROFIT (LOSS) $63,802,373 =============== Mirant Corporation Unconsolidated Cash Receipts and Disbursements For the month ending January 31, 2005 Cash, beginning of month $268,326,825 Non-Operating Receipts: Loans & Advances 7,697,901 Sale of Assets 38,500 --------------- Total non-operating receipts 7,736,401 --------------- Total receipts 7,736,401 --------------- Total Cash Available 276,063,226 Operating Disbursements 0 Reorganization Expenses 441,391 --------------- Total disbursements 441,391 --------------- Net Cash Flow 7,295,009 --------------- Cash, end of month $275,621,834 =============== Headquartered in Atlanta, Georgia, Mirant Corporation -- http://www.mirant.com/-- is a competitive energy company that produces and sells electricity in North America, the Caribbean, and the Philippines. Mirant owns or leases more than 18,000 megawatts of electric generating capacity globally. Mirant Corporation filed for chapter 11 protection on July 14, 2003 (Bankr. N.D. Tex. 03-46590). Thomas E. Lauria, Esq., at White & Case LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $20,574,000,000 in assets and $11,401,000,000 in debts. (Mirant Bankruptcy News, Issue No. 59; Bankruptcy Creditors' Service, Inc., 215/945-7000) MIRANT: MAGi Earns $42.7 Million of Net Income in January 2005 -------------------------------------------------------------- Mirant Americas Generation, LLC, and Subsidiaries Consolidated Balance Sheet As of January 31, 2005 ASSETS Cash and cash equivalents $435,250,254 Accounts receivable - net 584,828,780 Assets from risk management activities 80,771,062 Derivative hedging instruments - Inventories 156,008,869 Other 130,516,905 --------------- Total Current Assets 1,387,375,870 Property, plant and equipment 2,202,875,623 Less: accumulated depreciation/depletion 339,067,056 Leasehold interests - net - Construction work in progress 66,731,369 Investment in suspended construction 174,275,774 --------------- Total net property, plant and equipment 2,104,815,710 Investments 25,000 Long-term accounts receivable - net 94,078,617 Notes receivable - net 223,275,000 Assets from risk management activities 2,308,654 Other intangibles - net 206,026,010 Derivative hedging instruments - Restricted cash, non-current 5,056,078 Other long-term assets - Miscellaneous deferred charges 216,997,211 --------------- Total Non-current Assets 747,766,570 --------------- TOTAL ASSETS $4,239,958,150 =============== LIABILITIES AND EQUITY Postpetition Liabilities: Debt $0 Accounts Payable 258,683,084 Liabilities from risk management activities 120,504,424 Obligations under energy deliveries - Derivative hedging instruments - Other 150,019,436 Miscellaneous deferred credits 26,822,967 --------------- Total postpetition liabilities 556,029,911 Prepetition Liabilities 3,438,216,734 --------------- TOTAL LIABILITIES 3,994,246,645 EQUITY: Minority interest in subsidiaries 35,002 Mandatory redeemable securities - Common stock 1,000 Additional paid-in capital 3,853,859,362 Retained earnings (3,608,183,859) Treasury stock, at cost - Accumulated other comprehensive income - --------------- Total Equity 245,711,505 --------------- TOTAL LIABILITIES AND OWNERS' EQUITY $4,239,958,150 =============== Mirant Americas Generation, LLC, and Subsidiaries Consolidated Statements of Income For the month ending January 31, 2005 REVENUES: Generation $231,030,401 Net trading revenue - Distribution - Other 5,031,491 --------------- Net Revenue 236,061,892 OPERATING EXPENSES: Energy cost 132,995,606 Operations and maintenance 45,640,194 Depreciation and amortization 8,197,624 Gain on sale of property and investment (3,000) Impairment loss - Restructuring costs 694,495 --------------- Total Operating Expenses 187,524,919 --------------- Income before non-operating income and expense 48,536,973 OTHER INCOME AND EXPENSES: Interest income - Interest expense (728,322) Equity in income of affiliates - Other 20,950 Reorganization items (3,104,909) Minority interest - Net income from discontinued operations - --------------- Total Other Income (3,812,281) Provision for income tax (2,038,262) --------------- NET PROFIT (LOSS) $42,686,430 =============== Mirant Americas Generation, LLC, and Subsidiaries Unconsolidated Cash Receipts and Disbursements For the month ending January 31, 2005 Cash, beginning of month $167,037,518 Non-Operating Receipts: Loans & Advances 19,613,857 Sale of Assets 18,200 --------------- Total non-operating receipts 19,632,057 --------------- Total receipts 19,632,057 --------------- Total Cash Available 186,669,575 Operating Disbursements 0 Reorganization Expenses 0 --------------- Total disbursements 0 --------------- Net Cash Flow 19,632,057 --------------- Cash, end of month $186,669,575 =============== Headquartered in Atlanta, Georgia, Mirant Corporation -- http://www.mirant.com/-- is a competitive energy company that produces and sells electricity in North America, the Caribbean, and the Philippines. Mirant owns or leases more than 18,000 megawatts of electric generating capacity globally. Mirant Corporation filed for chapter 11 protection on July 14, 2003 (Bankr. N.D. Tex. 03-46590). Thomas E. Lauria, Esq., at White & Case LLP, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $20,574,000,000 in assets and $11,401,000,000 in debts. (Mirant Bankruptcy News, Issue No. 59; Bankruptcy Creditors' Service, Inc., 215/945-7000) OWENS CORNING: Posts $10.8 Million Net Loss in January 2005 ----------------------------------------------------------- Owens Corning and Subsidiaries Consolidated Balance Sheets As of January 31, 2005 (In Thousands) Current Assets: Cash and cash equivalents $653,808 Receivables 347,580 Receivables-Inter-company 969,984 Inventories 198,339 Insurance for Asbestos Litigation Claims 0 Deferred Income Taxes 484 Income Tax Receivable 3,325 Other Current Assets 21,527 ---------- Total Current Assets $2,195,047 Other Assets: Insurance for Asbestos Litigation Claims 4,220 Restricted Cash 188,176 Restricted cash and securities 0 Deferred Income Taxes 952,856 Goodwill 48,568 Investment in Affiliates 30,727 Investment in Subsidiaries 2,022,050 Notes Receivable - Intercompany 5,270 Other Non-current Assets 478,571 ---------- Total Other Assets 3,730,438 Plant & Equipment: Land 35,665 Buildings & Leasehold Improvements 554,039 Machinery & Equipment 2,163,470 Construction in Progress 88,322 Less: Accumulated Depreciation 1,559,020 ---------- Net Plant and Equipment 1,282,476 ---------- TOTAL ASSETS $7,207,961 ========== Liabilities not Subject to Compromise: Accounts Payable & Accrued Liabilities 514,167 Inter-company Liabilities 898,438 Short-term debt 0 Long-term debt - current portion 913 ---------- Total Current Liabilities 1,413,518 Long-Term Debt 7,159 Other Employee Benefits Liability 208,130 Pension Plan Liability 617,381 Other Liability 145,040 ---------- Total Non-Current Liabilities 970,551 ---------- Total Postpetition Liabilities 2,391,228 Prepetition Liabilities: Accounts Payable and Accrued Liabilities 262,493 Other Employee Benefits Liability 206,437 Pension Plan Liability 0 Debt-US Bank Credit Facility 1,450,986 Debt-Bonds & Other 1,507,233 Asbestos-Related Liability 2,731,188 Inter-company 2,452,666 Other 0 ---------- Total Prepetition Liabilities 8,611,003 Total Liabilities 11,002,231 Minority Interest 0 Stockholder's Equity: Common Stock 697,298 Retained Earnings (Deficit) (4,131,469) Accumulated Comprehensive Income (Loss) (5,156) Other (354,943) ---------- Net Stockholder's Equity (3,794,270) ---------- TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $7,207,961 ========== Owens Corning and Subsidiaries Consolidated Statements of Operations For the Month Ended January 31, 2005 (In Thousands) Net sales $300,104 Cost of Sales 259,387 ---------- Gross Margin 40,717 Operating Expenses: Marketing and Administrative Expenses 28,464 Science and Technology Expenses 1,351 Provision for Asbestos Litigation Claims 0 Insider Compensation 801 Restructure Costs 0 Other Expenses 9,628 ---------- Income (Loss) from Operations 473 Other Expenses: Cost of Borrowed Funds 299 Other 0 ---------- Income (Loss) Before Reorganization Items 174 Reorganization Items: Professional Fees 6,957 U.S. Trustee Quarterly Fees 13 Interest Earned on Accumulated Cash from Chapter 11 (560) (Gain) Loss from sale of equipment 0 (Gain) Loss from Settlement of Liabilities 0 Other Reorganization Expenses 1,964 ---------- Total Reorganization Expenses 8,374 ---------- Income (Loss) Before Income Taxes (8,200) Provision (credit) for Income Tax 2,579 ---------- Income (Loss) Before Minority Interest and Equity in Net Income (Loss) of Affiliates (10,779) Minority interest 0 Equity in net income (loss) of affiliates (18) ---------- Net Income (Loss) ($10,797) ========== Owens Corning and Subsidiaries Consolidated Statements of Cash Receipts & Disbursements For the Month Ended January 31, 2005 (In Thousands) Cash, Beginning of Month $705,387 Receipts: Customer Receipts 244,964 Inter-company Sales 3,296 Loans and Advances 0 Sale of Assets 0 Other Receipts 21,424 Inter-company Transfers 79,230 Transfers from DIP 191,918 ---------- Total Receipts $540,831 Disbursements: Net Payroll 44,903 Payroll Taxes 235 Sales Use & Other Taxes 11,553 Inventory Purchases 111,671 Insurance 2,101 Administrative & Selling 63,756 Other 88,447 Inter-company Transfers 74,650 Transfers to DIP 191,918 Professional Fees 3,152 U.S. Trustee Quarterly Fees 26 Court costs 0 Adjustment 0 ---------- Total Disbursements $592,410 Net Cash Flow (51,579) ---------- Cash -- End of Month $653,808 ========== Headquartered in Toledo, Ohio, Owens Corning -- http://www.owenscorning.com/-- manufactures fiberglass insulation, roofing materials, vinyl windows and siding, patio doors, rain gutters and downspouts. The Company filed for chapter 11 protection on October 5, 2000 (Bankr. Del. Case. No. 00-03837). Mark S. Chehi, Esq., at Skadden, Arps, Slate, Meagher & Flom, represents the Debtors in their restructuring efforts. At Sept. 30, 2004, the Company's balance sheet shows $7.5 billion in assets and a $4.2 billion stockholders' deficit. The company reported $132 million of net income in the nine-month period ending Sept. 30, 2004. (Owens Corning Bankruptcy News, Issue No. 104; Bankruptcy Creditors' Service, Inc., 215/945-7000) PARMALAT: Releases Monthly Operating Report Ended Jan. 29, 2005 --------------------------------------------------------------- Parmalat USA Corporation Balance Sheet As of January 29, 2005 Assets Cash & Cash Equivalents $0 Accounts Receivable-Net 0 Notes Receivable -Current 0 Inventory 0 Prepaid Expenses 0 Other Current Assets 0 ------------ Total Current Assets 0 Fixed Assets 0 Accumulated Depreciation 0 ------------ Net Fixed Assets 0 Other Assets 191,119,549 Intercompany Receivables 10,392,497 ------------ Total Assets $201,512,046 ============ Liabilities Subject to Compromise Long Term Debt & Interest $20,110,681 Intercompany payables 215,291,639 ------------ Total Liabilities Subject to Compromise 235,402,320 Liabilities Accounts Payable 0 Notes & Loans Payable 0 Accrued Expenses 1,532,888 Intercompany Payables 0 ------------ Total Liabilities 236,935,208 Equity Common Stock 1,388,356 Paid In Capital 227,962,103 Retained Earnings (264,773,621) YTD Net Income/(Loss) 0 ------------ Total Equity (35,423,162) ------------ Total Liabilities & Owners' Equity $201,512,046 ============ Parmalat USA Corporation has no income from December 26, 2004, to January 29, 2005. Parmalat USA also received no cash nor made disbursements within that period. Headquartered in Wallington, New Jersey, Parmalat U.S.A. Corporation -- http://www.parmalatusa.com/-- generates more than EUR7 billion in annual revenue. The Parmalat Group's 40- some brand product line includes milk, yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company employs over 36,000 workers in 139 plants located in 31 countries on six continents. It filed for chapter 11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The Bankruptcy Court confirmed the U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000) PARMALAT: Releases Monthly Operating Report Ended Feb. 26, 2005 --------------------------------------------------------------- Parmalat USA Corporation Balance Sheet As of February 26, 2005 Assets Cash & Cash Equivalents $0 Accounts Receivable-Net 0 Notes Receivable -Current 0 Inventory 0 Prepaid Expenses 0 Other Current Assets 0 ------------ Total Current Assets 0 Fixed Assets 0 Accumulated Depreciation 0 ------------ Net Fixed Assets 0 Other Assets 191,119,549 Intercompany Receivables 10,392,497 ------------ Total Assets $201,512,046 ============ Liabilities Subject to Compromise Long Term Debt & Interest $20,110,681 Intercompany payables 215,291,639 ------------ Total Liabilities Subject to Compromise 235,402,320 Liabilities Accounts Payable 0 Notes & Loans Payable 0 Accrued Expenses 1,532,888 Intercompany Payables 0 ------------ Total Liabilities 236,935,208 Equity Common Stock 1,388,356 Paid In Capital 227,962,103 Retained Earnings (264,773,621) YTD Net Income/(Loss) (250) ------------ Total Equity (35,423,162) ------------ Total Liabilities & Owners' Equity $201,512,046 ============ Parmalat USA Corporation Income Statement From January 30, 2005, to February 26, 2005 Revenues Gross sales $0 Less: Returns & discounts 0 ------------ Net sales 0 Expenses Raw Materials & Ingredients 0 Packaging 0 Direct Labor 0 Power 0 Freight 0 Distribution 0 Industrial Depreciation 0 Production Overhead 0 Warehouse (Cooler) 0 Marketing Costs 0 Sales Admin Expenses 0 General Expenses 0 Financial Costs 0 Goodwill/trademarks 0 Extraordinary 0 Corporate Allocation 0 Depreciation 0 Amortization 0 Income Taxes 0 ------------ Total Expenses 0 Reorganization Expenses U.S. Trustee Fees 250 Other 0 ------------ Total Reorganization Expenses 250 ------------ Net Profit (Loss) ($250) ============ Parmalat USA Corporation received no cash nor made disbursements from January 30, 2005, to February 26, 2005. Headquartered in Wallington, New Jersey, Parmalat U.S.A. Corporation -- http://www.parmalatusa.com/-- generates more than EUR7 billion in annual revenue. The Parmalat Group's 40- some brand product line includes milk, yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company employs over 36,000 workers in 139 plants located in 31 countries on six continents. It filed for chapter 11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The Bankruptcy Court confirmed the U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000) PARMALAT: Milk Products' January 2005 Monthly Operating Report -------------------------------------------------------------- Farmland Stremicks SUB, LLC Formerly Milk Products of Alabama, LLC Balance Sheet As of January 29, 2005 Assets Cash & Cash Equivalents $8,039,806 Accounts Receivable-Net 0 Inventory 0 Prepaid Expenses 0 Other Current Assets 0 ------------ Total Current Assets 8,039,806 Fixed Assets 0 Accumulated Depreciation 0 ------------ Net Fixed Assets 0 Other Assets 0 Intercompany Receivables 2,730,650 ------------ Total Assets $10,770,456 ============ Liabilities Subject to Compromise Accrued Expenses $903,679 Intercompany payables 4,967,846 ------------ Total Liabilities Subject to Compromise 5,871,525 Liabilities Accounts Payable - Accrued Expenses 3,105,894 ------------ Total Current Liabilities 3,105,894 Long Term Notes Payable -- Intercompany - Other 422,485 ------------ Total Long Term Liabilities 422,485 Intercompany Payables 0 ------------ Total Liabilities 9,399,904 Equity Retained Earnings 1,689,924 YTD Net Income/(Loss) (319,372) ------------ Total Equity 1,370,552 ------------ Total Liabilities & Owners' Equity $10,770,456 ============ Farmland Stremicks SUB, LLC Formerly Milk Products of Alabama, LLC Income Statement From December 26, 2004, to January 29, 2005 Revenues Gross sales $0 Less: Returns & discounts 0 ------------ Net sales 0 Expenses Raw Materials & Ingredients 0 Packaging 0 Direct Labor 0 Power 0 Freight 0 Industrial Depreciation 0 Production Overhead 0 Warehouse (Cooler) 0 Marketing Costs 0 Sales Admin Expenses 0 General Expenses 0 Financial Costs 0 Other (Income) Expense 0 Extraordinary 0 Corporate Allocation 0 Income Taxes 0 ------------ Total Expenses 0 Reorganization Expenses Professional Fees 297,293 U.S. Trustee Fees 0 Other 22,079 ------------ Total Reorganization Expenses 319,372 ------------ Net Profit (Loss) ($319,372) ============ Farmland Stremicks SUB, LLC Formerly Milk Products of Alabama, LLC Cash Receipts and Disbursements From December 26, 2004, to January 29, 2005 Cash - Beginning of Month $8,313,560 Receipts From Operations Cash Sales 0 Collection of Accounts Receivable Prepetition 0 Postpetition 0 ------------ Total Operating Receipts 0 Non - Operating Receipts Transfers 0 Other 47,558 ------------ Total Non-Operating Receipts 47,558 ------------ Total Receipts 47,558 ------------ Total Cash Available 8,361,118 Operating Disbursements Purchased Products 0 Consulting Fees 0 Ingredients 0 Licenses & Taxes 0 Packaging 61 R & M, Parts, Supplies 0 Other 23,626 Utilities 332 Marketing Costs 0 Securitization Payment 0 Sales Admin Expenses 0 General Expenses 0 Title Fees 0 Employee-related 0 Freight/Transportation 0 Corporate Allocation 0 Income Taxes 0 ------------ Total expenses 24,019 Reorganization Expenses Professional Fees 297,293 U.S. Trustee Fees 0 DIP Interest & Fees 0 ------------ Total Reorganization Expenses 297,293 ------------ Total Disbursements 321,312 ------------ Net Cash Flow (273,754) ------------ Cash - End of Month $8,039,806 ============ Headquartered in Wallington, New Jersey, Parmalat U.S.A. Corporation -- http://www.parmalatusa.com/-- generates more than EUR7 billion in annual revenue. The Parmalat Group's 40- some brand product line includes milk, yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company employs over 36,000 workers in 139 plants located in 31 countries on six continents. It filed for chapter 11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The Bankruptcy Court confirmed the U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000) PARMALAT: Milk Products' February 2005 Monthly Operating Report --------------------------------------------------------------- Farmland Stremicks SUB, LLC Formerly Milk Products of Alabama, LLC Balance Sheet As of February 26, 2005 Assets Cash & Cash Equivalents $7,814,162 Accounts Receivable-Net 0 Inventory 0 Prepaid Expenses 0 Other Current Assets 0 -------------- Total Current Assets 7,814,162 Fixed Assets 0 Accumulated Depreciation 0 -------------- Net Fixed Assets 0 Other Assets 0 Intercompany Receivables 2,730,762 -------------- Total Assets $10,544,924 ============== Liabilities Subject to Compromise Accrued Expenses $903,679 Intercompany payables 4,967,846 -------------- Total Liabilities Subject to Compromise 5,871,525 Liabilities Accounts Payable 0 Accrued Expenses 3,133,476 -------------- Total Current Liabilities 3,133,476 Long Term Notes Payable -- Intercompany 0 Other 422,485 -------------- Total Long Term Liabilities 422,485 Intercompany Payables 0 -------------- Total Liabilities 9,427,486 Equity Retained Earnings 1,689,924 YTD Net Income/(Loss) (572,486) -------------- Total Equity 1,117,438 -------------- Total Liabilities & Owners' Equity $10,544,924 ============== Farmland Stremicks SUB, LLC Formerly Milk Products of Alabama, LLC Income Statement From January 30, 2005, to February 26, 2005 Revenues Gross sales $0 Less: Returns & discounts 0 -------------- Net sales 0 Expenses Raw Materials & Ingredients 0 Packaging 0 Direct Labor 0 Power 0 Freight 0 Industrial Depreciation 0 Production Overhead 0 Warehouse (Cooler) 0 Marketing Costs 0 Sales Admin Expenses 0 General Expenses 845 Financial Costs 0 Other (Income) Expense 0 Extraordinary 0 Corporate Allocation 0 Income Taxes 0 -------------- Total Expenses 845 Reorganization Expenses Professional Fees 211,904 U.S. Trustee Fees 10,000 Other 30,365 -------------- Total Reorganization Expenses 252,269 -------------- Net Profit (Loss) ($253,114) ============== Farmland Stremicks SUB, LLC Formerly Milk Products of Alabama, LLC Cash Receipts and Disbursements From January 30, 2005, to February 26, 2005 Cash - Beginning of Month $8,039,806 Receipts From Operations Cash Sales 0 Collection of Accounts Receivable Prepetition 0 Postpetition 0 -------------- Total Operating Receipts 0 Non - Operating Receipts Transfers 0 Other 0 -------------- Total Non-Operating Receipts 0 -------------- Total Receipts 0 -------------- Total Cash Available 8,039,806 Operating Disbursements Purchased Products 0 Consulting Fees 0 Ingredients 0 Licenses & Taxes 0 Packaging 0 R & M, Parts, Supplies 0 Other 3,740 Utilities 0 Marketing Costs 0 Securitization Payment 0 Sales Admin Expenses 0 General Expenses 0 Title Fees 0 Employee-related 0 Freight/Transportation 0 Corporate Allocation 0 Income Taxes 0 -------------- Total expenses 3,740 Reorganization Expenses Professional Fees 211,904 U.S. Trustee Fees 10,000 DIP Interest & Fees 0 -------------- Total Reorganization Expenses 221,904 -------------- Total Disbursements 225,644 -------------- Net Cash Flow (225,644) -------------- Cash - End of Month $7,814,162 ============== Headquartered in Wallington, New Jersey, Parmalat U.S.A. Corporation -- http://www.parmalatusa.com/-- generates more than EUR7 billion in annual revenue. The Parmalat Group's 40- some brand product line includes milk, yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company employs over 36,000 workers in 139 plants located in 31 countries on six continents. It filed for chapter 11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The Bankruptcy Court confirmed the U.S. Debtors' Plan of Reorganization on March 7, 2005. (Parmalat Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000) PARMALAT: Farmland Dairies' January 2005 Monthly Operating Report ----------------------------------------------------------------- Farmland Dairies, LLC Balance Sheet As of January 29, 2005 Assets Cash & Cash Equivalents $7,990,417 Accounts Receivable-Trade 34,232,604 Accounts Rec.-Securitization (27,426,350) Notes Receivable 179,771 Inventory 11,096,130 Prepaid Expenses 8,964,506 Other Current Assets 5,433,450 ------------ Total Current Assets 40,470,528 Fixed Assets 175,823,498 Accumulated Depreciation 118,550,780 ------------ Net Fixed Assets 57,272,718 Other Assets (14,390,961) Intercompany Receivables 14,347,591 ------------ Total Assets $97,699,876 ============ Liabilities Subject to Compromise: Accounts Payable 13,403,760 Accrued Expenses 0 Intercompany Payables 21,627,999 Capital Lease 96,226,490 ------------ Total Liabilities Subject to Compromise 131,258,249 Liabilities: Notes & Loans Payable - Capital Leases - Short Term - Accounts Payable 10,159,725 Accrued Expenses 33,224,783 ------------ Total Current Liabilities 43,384,508 Notes & Loans Payable 30,116,608 Capital Leases - Long Term 35,698 Other 5,143,375 ------------ Total Long Term Liabilities 35,295,681 Intercompany Payables 25,243 ------------ Total Liabilities 209,963,681 Equity Paid In Capital 161,506,590 Accum Comprehensive Income (4,009,205) Retained Earnings (266,801,861) YTD Net Income/(Loss) (2,959,329) ------------ Total Equity (112,263,805) ------------ Total Liabilities & Owners' Equity $97,699,876 ============ Farmland Dairies, LLC Income Statement From December 26, 2004, to January 29, 2005 Revenues Gross sales $33,342,670 Less: Returns & discounts 796,082 ------------ Net sales 32,546,588 Expenses Raw Materials & Ingredients 20,389,210 Packaging 2,809,510 Direct Labor 928,668 Power 501,800 Freight 349,570 Distribution 2,671,108 Industrial Depreciation 395,144 Production Overhead 2,145,612 Warehouse (Cooler) 1,655,317 Marketing Costs 847,309 Sales Admin Expenses 395,991 General Expenses 1,183,831 Financial Costs 531,060 Goodwill/trademarks 0 Extraordinary 12,549 Corporate Allocation 0 Provision for Income Taxes 0 ------------ Total Expenses 34,816,679 Reorganization Expenses 689,238 ------------ Net Profit (Loss) ($2,959,329) ============ Farmland Dairies, LLC Cash Receipts and Disbursements From December 26, 2004, to January 29, 2005 Cash - Beginning of Month $11,973,550 Receipts From Operations Cash Sales 0 Collection of Accounts Receivable Prepetition 98,644 Postpetition 35,238,037 ------------ Total Operating Receipts 35,336,681 Non - Operating Receipts Payments from/(to) GE Capital (2,112,000) Voided Checks (Prepetition) 0 Adjustments (877) Deposits -- Other 2,372,917 Transfers 0 ------------ Total Non-Operating Receipts 260,040 ------------ Total Receipts 35,596,271 ------------ Total Cash Available 47,570,271 Operating Disbursements Chemicals 172,365 Commissions 194,275 Consulting/Legal 152,878 Co-packing 531,253 Employee & Employee-related expenses 989,724 Equipment Leases 516,941 Freight & Postage 228,931 Fuel 82,531 Transportation 532,516 Ingredients 948,522 Insurance 1,563,265 Lab Fees 31,997 Licenses & Taxes 167,570 Marketing 26,118 Other 301,704 Packaging 2,680,502 Pallets/Cases/Bossies 290,877 Milk Producers 15,524,663 Marketing Administrator 257,572 Purchased Products 1,123,800 R & M, Parts, Supplies 1,072,139 Raw Milk 1,441,986 Rebates 189,060 Rent 192,810 Security 195,667 Temporary Labor 87,059 Travel & Entertainment 60,951 Utilities 871,388 Securitization Payments 2,247,068 Payroll 4,469,514 Payroll Taxes 546,111 Voided Checks (Postpetition) 0 ------------ Total expenses 37,691,757 Reorganization Expenses Professional Fees 1,657,028 U.S. Trustee Fees 0 DIP Interest & Fees 231,069 ------------ Total Reorganization Expenses 1,888,097 ------------ Total Disbursements 39,579,854 ------------ Net Cash Flow (3,983,133) ------------ Cash - End of Month $7,990,417 ============ Headquartered in Wallington, New Jersey, Parmalat U.S.A. Corporation -- http://www.parmalatusa.com/-- generates more than EUR7 billion in annual revenue. The Parmalat Group's 40- some brand product line includes milk, yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company employs over 36,000 workers in 139 plants located in 31 countries on six continents. It filed for chapter 11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The Bankruptcy Court confirmed the U.S. Debtors' Plan of Reorganization on March 7, 2005. That plan took effect on Apr. 13, 2005. (Parmalat Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000) PARMALAT: Farmland Dairies' February 2005 Monthly Operating Report ------------------------------------------------------------------ Farmland Dairies, LLC Balance Sheet As of February 26, 2005 Assets Cash & Cash Equivalents $5,846,689 Accounts Receivable-Trade 32,998,369 Accounts Rec.-Securitization (24,942,350) Notes Receivable 177,559 Inventory 9,950,893 Prepaid Expenses 8,831,595 Other Current Assets 5,420,406 ------------ Total Current Assets 38,283,161 Fixed Assets 173,946,573 Accumulated Depreciation 117,305,959 ------------ Net Fixed Assets 56,640,614 Other Assets (14,297,285) Intercompany Receivables 14,347,841 ------------ Total Assets $94,974,331 ============ Liabilities Subject to Compromise: Accounts Payable 12,184,046 Accrued Expenses 0 Intercompany Payables 21,627,999 Capital Lease 96,226,490 ------------ Total Liabilities Subject to Compromise 130,038,535 Liabilities: Notes & Loans Payable - Capital Leases - Short Term - Accounts Payable 10,124,468 Accrued Expenses 34,753,917 ------------ Total Current Liabilities 44,878,385 Notes & Loans Payable 30,104,363 Capital Leases - Long Term 33,735 Other 5,143,375 ------------ Total Long Term Liabilities 35,281,473 Intercompany Payables 25,355 ------------ Total Liabilities 210,223,748 Equity Paid In Capital 161,506,590 Accum Comprehensive Income (4,009,205) Retained Earnings (266,801,861) YTD Net Income/(Loss) (5,944,941) ------------ Total Equity (115,249,417) ------------ Total Liabilities & Owners' Equity $94,974,331 ============ Farmland Dairies, LLC Income Statement From January 30, 2005, to February 26, 2005 Revenues Gross sales $25,282,866 Less: Returns & discounts 654,843 ------------ Net sales 24,628,023 Expenses Raw Materials & Ingredients 14,652,251 Packaging 2,299,019 Direct Labor 663,240 Power 318,700 Freight 241,459 Distribution 2,114,908 Industrial Depreciation 323,605 Production Overhead 1,408,613 Warehouse (Cooler) 1,112,247 Marketing Costs 700,410 Sales Admin Expenses 348,794 General Expenses 971,332 Financial Costs 393,623 Goodwill/trademarks 0 Extraordinary 11,962 Corporate Allocation 0 Provision for Income Taxes 0 ------------ Total Expenses 25,560,163 Reorganization Expenses 2,053,472 ------------ Net Profit (Loss) ($2,985,612) ============ Farmland Dairies, LLC Cash Receipts and Disbursements From January 30, 2005, to February 26, 2005 Cash - Beginning of Month $7,990,416 Receipts From Operations Cash Sales 0 Collection of Accounts Receivable Prepetition 109,950 Postpetition 27,313,779 ------------ Total Operating Receipts 27,423,739 Non - Operating Receipts Payments from/(to) GE Capital 0 Voided Checks (Prepetition) 0 Adjustments (1,765) Deposits -- Other 828,903 Transfers 0 ------------ Total Non-Operating Receipts 827,138 ------------ Total Receipts 28,250,877 ------------ Total Cash Available 36,241,293 Operating Disbursements Chemicals 346,542 Commissions 61,228 Consulting/Legal 60,286 Co-packing 433,253 Employee & Employee-related expenses 733,772 Equipment Leases 366,071 Freight & Postage 92,378 Fuel 41,633 Transportation 393,790 Ingredients 546,112 Insurance 14,064 Lab Fees 9,672 Licenses & Taxes 115,815 Marketing 10,293 Other 472,207 Packaging 1,372,217 Pallets/Cases/Bossies 77,887 Milk Producers 14,089,340 Marketing Administrator 1,000,614 Purchased Products 790,882 R & M, Parts, Supplies 582,549 Raw Milk 605,733 Rebates 129,831 Rent 192,360 Security 60,888 Temporary Labor 52,861 Travel & Entertainment 29,212 Utilities 541,125 Securitization Payments 2,610,132 Payroll 2,874,243 Payroll Taxes 270,722 Voided Checks (Postpetition) 0 ------------ Total expenses 28,977,712 Reorganization Expenses Professional Fees 1,193,345 U.S. Trustee Fees 10,250 DIP Interest & Fees 213,297 ------------ Total Reorganization Expenses 1,416,892 ------------ Total Disbursements 30,394,604 ------------ Net Cash Flow (2,143,727) ------------ Cash - End of Month $5,846,689 ============ Headquartered in Wallington, New Jersey, Parmalat U.S.A. Corporation -- http://www.parmalatusa.com/-- generates more than EUR7 billion in annual revenue. The Parmalat Group's 40- some brand product line includes milk, yogurt, cheese, butter, cakes and cookies, breads, pizza, snack foods and vegetable sauces, soups and juices. The company employs over 36,000 workers in 139 plants located in 31 countries on six continents. It filed for chapter 11 protection on February 24, 2004 (Bankr. S.D.N.Y. Case No. 04-11139). Gary Holtzer, Esq., and Marcia L. Goldstein, Esq., at Weil Gotshal & Manges LLP represent the Debtors in their restructuring efforts. When the U.S. Debtors filed for bankruptcy protection, they reported more than $200 million in assets and debts. The Bankruptcy Court confirmed the U.S. Debtors' Plan of Reorganization on March 7, 2005. That plan took effect on Apr. 13, 2005. (Parmalat Bankruptcy News, Issue No. 51; Bankruptcy Creditors' Service, Inc., 215/945-7000) ROBOTIC VISION: Posts $1.7 Million Net Loss in February 2005 ------------------------------------------------------------ On Apr. 1, 2005, Robotic Vision Systems, Inc., n/k/a Acuity Cimatrix, Inc., delivered a copy of its February 2005 monthly operating report to the U.S. Securities and Exchange Commission. Robotic Vision reported a $1,689,000 net loss on $3,251,000 of gross revenues for the month ending Feb. 28, 2005. At Feb. 28, 2005, Robotic Vision's balance sheet showed: Total Current Assets $19,163,000 Total Assets 46,006,000 Total Liabilities Subject to Compromise 55,097,000 Total Liabilities 56,436,000 Shareholders' Equity Deficit ($10,430,000) A full-text copy of Robotic Vision Systems, Inc.'s February 2005 Monthly Operating Report is available at no charge at: http://www.sec.gov/Archives/edgar/data/225868/000119312505075347/dex991.htm Headquartered in Nashua, New Hampshire, Robotic Vision Systems, Inc., n/k/a Acuity Cimatrix, Inc. -- http://www.rvsi.com/-- designs, manufactures and markets machine vision, automatic identification and related products for the semiconductor capital equipment, electronics, automotive, aerospace, pharmaceutical and other industries. The Company, together with its debtor- affiliate, filed for chapter 11 protection on Nov. 19, 2004 (Bankr. D. N.H. Case No. 04-14151). Bruce A. Harwood, Esq., at Sheehan, Phinney, Bass + Green represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $43,046,000 in total assets and $51,338,000 in total debts. THAXTON GROUP: Posts $30.8 Million Net Loss in February 2005 ------------------------------------------------------------ On Mar. 30, 2005, The Thaxton Group filed its monthly operating report for February 2005 with the U.S. Bankruptcy Court for the District of Delaware. The company reported a cumulative net loss of $4,677,273 on $12,849 revenue for the period from Jan. 1, 2005 thru Feb. 28, 2005. At Feb. 28, 2005, the Company's balance sheet reflects: Total Assets $155,272,332 Total Liabilities 185,299,508 Stockholders' Deficit ($30,027,176) A full-text copy of Thaxton Group's February 2005 Monthly Operating Report is available at no charge at: http://www.sec.gov/Archives/edgar/data/1001430/000119312505071760/dex991.htm Headquartered in Lancaster, South Carolina, The Thaxton Group, Inc., is a diversified consumer financial services company. The Company and its debtor-affiliates filed for Chapter 11 protection on October 17, 2003 (Bankr. Del. Case No. 03-13183). The Debtors are represented by Michael G. Busenkell, Esq., and Robert J. Dehney, Esq., at Morris, Nichols, Arsht & Tunnell. When the Debtors filed for protection from their creditors, they listed $206 million in assets and $242 million in debts. TOWER AUTOMOTIVE: Files Schedules of Assets & Debts --------------------------------------------------- A. Real Property - B. Personal Property B.1 Cash on Hand - B.2 Bank Accounts Comerica Bank, Acct (1000091908) $412,628 Comerica Bank, Acct (328770) 57,809 Comerica Investments, Acct (165000115) 31,200,000 B.3 Security - B.4 Household goods - B.5 Books, art work & collectibles - B.6 Wearing apparel - B.7 Furs and jewelry - B.8 Firearms and sporting goods - B.9 Interests in insurance policies undetermined B.10 Annuities - B.11 Interests in retirement plans - B.12 Stock interests - B.13 Interests in Partnerships - B.14 Bonds - B.15 Accounts receivable undetermined B.16 Alimony - B.17 Other liquidated debts owed - B.18 Equitable and future interests - B.19 Contingent interests - B.20 Other contingent & unliquidated claims undetermined B.21 Patents, copyrights & trademarks - B.22 Other intangibles undetermined B.23 Automobiles - B.24 Boats - B.25 Aircraft - B.26 Office equipment and supplies - B.27 Machinery, furniture and fixtures - B.28 Inventory - B.29 Animals - B.30 Crops - B.31 Farming equipment - B.32 Farm supplies - B.33 Other personal property Other current assets 2,498 Other long-term assets 964,092,576 TOTAL SCHEDULED ASSETS $995,765,511 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims undetermined E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims HSBC Bank USA, as Successor Trustee 125,000,000 Wells Fargo, as Trustee 258,750,000 TOTAL SCHEDULED LIABILITIES $391,633,671 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Allgoods USA Inc.'s Schedules of Assets & Debts ----------------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Bardstown Inc.'s Schedules of Assets & Debts -------------------------------------------------------------- A. Real Property Land & land improvements $244,738 Building & improvements 13,657,083 B. Personal Property B.1 Cash on Hand 500 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 7,538,514 Receivables sold (7,255,455) Trade payable credits 50,993 B.17 Other liquidated debts owed Other receivables 4,860,000 Customer reimbursed tooling receivables 540,000 B.23 Automobiles 2,155 B.26 Office equipment and supplies 23,809 B.27 Machinery, furniture and fixtures 47,153,073 B.28 Inventory Raw material inventory control 5,044,747 Purchased parts inventory 843,614 Work-in-process inventory 1,069,197 Finished goods inventory 2,345,970 Packaging material inventory 2,574 Inventory cutoff adjustment 61,252 Non-std inventory (221,368) B.33 Other personal property Other long-term assets 3,414,110 Construction in progress 412,823 TOTAL SCHEDULED ASSETS $79,788,331 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims JPMorgan Chase $43,000,000 E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Berrang, Inc. 88,625 Clark & Osbourne 75,324 The Crown Group 112,429 Ford FAO Purchasing 1,427,912 Ford Motor Company 390,780 Form Motor Company - Dearborn 174,302 Fuji Technica, Inc. (Main) 2,129,141 Inland Steel Co. 1,054,472 Ken-Mac Metals, Inc. 340,211 Metalsa 474,118 Mi-Tech Steel 228,481 MST Steel Co. 3,680,677 Murray Machine & Tool, Inc. 214,469 National Material Company 209,158 Nifast Michigan 357,748 Northwest Tool/DIE 196,708 Olympic Steel Lafayette Inc. 140,978 Orbseal 120,802 Precision Coil Inc. 159,742 Shaw Steel, Inc. 489,336 Shiloh Industries Inc. 362,928 Steel Summit - Ohio 194,882 Steel Technologies Inc. 663,166 Toyotomi America Corporation 193,838 Vuteq Engineering Corp. 738,305 Others 2,441,601 TOTAL SCHEDULED LIABILITIES $59,660,133 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Bowling Green LLC's Schedules of Assets & Debts ----------------------------------------------------------------- A. Real Property Land & land improvements $400,000 Buildings & improvements 2,272,907 B. Personal Property B.1 Cash on Hand 1,374 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 961,761 Receivables sold (436,344) B.17 Other liquidated debts owed 163,000 B.20 Other contingent & unliquidated claims undetermined B.27 Machinery, furniture and fixtures Furniture & fixtures 58,917 Machinery & equipment 1,817,756 B.28 Inventory Raw material inventory control 112,591 Work-in-process inventory (97,322) Finished goods inventory 175,212 Inventory reserve (18,758) B.33 Other personal property Other current assets 17,012 Other long-term assets 135,000 TOTAL SCHEDULED ASSETS $5,563,104 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Airgas Safety $3,093 B G Consolidated Inc. 5,167 Bluegrass Industrial - Strip-X 3,459 Concept Packaging 6,514 Cornerstone 3,021 DTR Industries 69,551 Electronic Printing Inc. 4,354 First Response Inc. 5,745 Gusher Pumps, Inc. 5,806 IPAK Foam 4,950 M H Equipment 3,095 Menlo Worldwide 4,609 MKM Machine Tool 102,211 Nifast Michigan 10,493 Nummi (New United Motor Manufacturing, Inc. 73,597 PPG Industries, Inc. 8,618 Randstad 8,415 Rice Chadwick Rubber Co. 9,923 Others 47,28 TOTAL SCHEDULED LIABILITIES $380,349 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Chicago's Schedules of Assets & Debts ------------------------------------------------------- A. Real Property - B. Personal Property B.1 Cash on Hand $500 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 11,992,641 Receivables sold (1,715,246) Trade payable credits 941,461 B.17 Other liquidated debts owed 9,060,000 B.26 Office equipment and supplies 52,947 B.27 Machinery, furniture and fixtures Furniture & fixtures 120,896 Machinery & equipment 87,396,634 Software 11,681 Computer equipment 51,966 B.28 Inventory Raw material inventory control 1,548,287 Purchased parts inventory 2,146,519 Work-in-process inventory 1,474,362 Finished goods inventory 877,554 Inventory cutoff adjustment 259,504 B.33 Other personal property Other current assets 208,521 Other long-term assets 1,625,628 Construction in progress 7,258,771 Leasehold improvements 27,319,487 TOTAL SCHEDULED ASSETS $150,632,114 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Aerotek Contact Engineering $552,287 Any Custom Sheet Metal 91,595 Atlas Tool, Inc. 64,248 Bosch Rexroth Corporation 102,432 Comau Pico Services 406,427 Ford Metal Stamping Chicago 4,835,212 ITW Shakeproof 54,963 L & L Products, Inc. 75,463 Menlo Worldwide 65,089 MI-Tech Steel Inc. 2,862,250 S Mechanical, Inc. 170,387 SET Steel 236,811 United Lift Truck 63,370 US Machinery Movers Inc. 486,808 Worthington Industries 341,165 Others 830,342 TOTAL SCHEDULED LIABILITIES $11,238,849 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Finance's Schedules of Assets & Debts ------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Granite City's Schedules of Assets & Debts ------------------------------------------------------------ A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Granite City LLC's Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property - B. Personal Property B.1 Cash on Hand $500 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 2,594,723 Receivables sold (1,311,500) Trade payable credit 1,309 B.17 Other liquidated debts owed 8,560,000 B.27 Machinery, furniture and fixtures Furniture & fixtures 44,159 Machinery & equipment 23,599,545 Software 9,583 Computer equipment 58,114 B.28 Inventory Raw material inventory control 736,898 Purchased parts inventory 1,924,309 Work-in-process inventory 611,619 Finished goods inventory 1,210,849 Inventory cutoff adjustment 26,191 Inventory obsolete & slow moving (212,582) B.33 Other personal property Other current assets 743,202 Other long-term assets 3,625,728 Leasehold improvements 1,539,534 TOTAL SCHEDULED ASSETS $43,762,180 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Acemco Automotive $65,404 Advanced Tooling Systems, Inc. 116,510 American Steel Products 496,456 Bachman Machine Company 69,274 Burnside Industries LLC 80,269 Cooper Engineering Products 61,804 Cooperheat MQS 158,318 Ford Motor Company 5,531,066 Illinois Power 99,309 J.F. Electric 94,868 Lemforder Corporation 1,917,724 LMC Industries, Inc. 283,413 Matsu Alabama, Inc. 61,986 Menlo Logistics 181,768 National Material Company 989,794 PPG Industries 58,693 Storeroom Solutions Inc. 173,847 Summit Tooling 117,752 Thiel Tool & Eng. Co. 72,166 TRW Automotive Steering 82,608 Wainwright Industries, Inc. 140,843 Worthington Steel 3,532,126 Others 767,054 TOTAL SCHEDULED LIABILITIES $15,153,052 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: International's Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined B.15 Accounts receivable undetermined B.20 Other contingent & unliquidated claims undetermined B.33 Other personal property $236,562,117 TOTAL SCHEDULED ASSETS $236,562,117 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Int'l. Yorozu's Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined B.15 Accounts receivable undetermined B.33 Other personal property $10,000,000 TOTAL SCHEDULED ASSETS $10,000,000 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims - F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Lansing's Schedules of Assets & Debts ------------------------------------------------------- A. Real Property Buildings & improvement $12,121,237 B. Personal Property B.1 Cash on Hand 500 B.9 Interests in insurance policies undetermined B.15 Accounts receivable Accounts receivable 22,370,968 Receivables sold (21,564,150) Trade Payable Credits 39,987 B.17 Other liquidated debts owed Other receivables 2,154,000 Customer Reimbursed Tooling Receivables 31,000 B.26 Office equipment and supplies Office equipment 77,950 B.27 Machinery, furniture and fixtures Furniture & fixtures 28,168 Machinery & equipment 24,967,762 Software 815,133 Computer equipment 90,539 B.28 Inventory Purchased parts inventory 7,291,665 Finished goods inventory 2,523,914 Inventory cutoff adjustment 1,290,756 Inventory reserve (79,973) B.33 Other personal property Other current assets 488,120 Other long-term assets 5,528,590 Construction in progress 37,067 Leasehold improvements 203,719 TOTAL SCHEDULED ASSETS $58,416,953 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims GMAC $18,777,000 E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims ADC Die Casting 302,156 Benteler Automotive - US 492,825 Bosch (International) 5,186,062 Carcoustics USA, Inc. 131,014 Delphi 378,985 Delphi (Juarez) 4,513,805 Delphi E&C 1,381,024 Delphi Energy & Chassis 337,485 Denso Manufacturing Mich., Inc. 3,025,852 Douglas Autotech 282,029 Dura Automotive Systems, Inc. 105,933 Faurecia 274,729 General Motors Corporation 331,698 GKN 942,439 GKN Automotive, Inc. 1,456,198 GKN Columbia 185,572 GMSPO 670,335 Goodyear Tire & Rubber 979,607 ITT Automotive 526,453 Lemforder 295,604 MBL Corp. 176,396 Mehra Tube Inc. 122,904 Menlo Worldwide Logistics 143,398 New Mather Metals, Inc. 799,482 Piston Modules 8,447,301 Siemens VDO Automotive 1,470,719 Stahl Specialty Company 174,174 Superior Ind. International 1,674,398 Tesma-Hanwha International 151,497 TI/Bundy 120,504 TRW Chassis Systems - Marion 1,120,825 Visteon 1,428,767 Visteon Corp 173,628 Visteon Corporation 868,641 Wahler Metalurgica 133,596 Yazaki North America 5,310,016 Zeuna Starker USA 3,108,581 ZP Steering Systems, LLC 411,977 Others 6,518,229 TOTAL SCHEDULED LIABILITIES $72,931,838 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Madison's Schedules of Assets & Debts ------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Michigan's Schedules of Assets & Debts -------------------------------------------------------- A. Real Property Land & land improvements $55,240 Buildings & improvements 1,795,335 B. Personal Property B.1 Cash on Hand 500 B.2 Bank Accounts Wachovia Bank, Acct (2079900401453) 280,437 Wachovia Bank, Acct (2000014802425) 120,236 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 2,262,658 Receivables sold (853,582) Trade credit payables 47,534 B.17 Other liquidated debts owed 562,000 B.22 Other intangibles 4,666,293 B.23 Automobiles 38,133 B.26 Office equipment and supplies 29,964 B.27 Machinery, furniture and fixtures Furniture & fixtures 20,454 Machinery & equipment 5,745,341 B.28 Inventory Raw material inventory control 618,496 Purchased parts inventory 275,463 Work-in-process inventory 456,493 Finished goods inventory 860,090 Inventory cutoff adjustment 17,610 Inventory reserve (42,143) Inventory transaction errors 18,309 B.33 Other personal property Other current assets 265,718 Other long-term assets 1,081,370 Construction in progress 2,600 TOTAL SCHEDULED ASSETS $18,324,548 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims undetermined E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims AK Steel Corporation $149,077 Alcan Aluminum 90,380 The Bing Group 55,477 Delaco Steel Corporation 364,251 Great Lakes Steel 348,792 Greenville Tool & Die 92,430 Kenwal Products Corporation 170,594 Mill Steel Company 86,612 MST Steel Corporation 392,006 Olympic Steel Lafayette Inc. 1,365,841 Rouge Steel Company 353,940 United Furniture Workers 53,080 Worthington Steel 831,864 Others 963,237 TOTAL SCHEDULED LIABILITIES $5,317,581 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Milwaukee's Schedules of Assets & Debts --------------------------------------------------------- A. Real Property - B. Personal Property B.1 Cash on Hand $500 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 10,702,266 Receivables sold (10,484,959) Trade payable credits 1,191,139 B.17 Other liquidated debts owed Other receivables 134,000 Customer reimbursed tooling receivables 695,000 B.20 Other contingent & unliquidated claims undetermined B.27 Machinery, furniture and fixtures 6,409,123 B.28 Inventory Raw material inventory control 216,093 Raw material inventory clearing/transfers 1,174,521 Purchased parts inventory 2,669,141 Work-in-process inventory 434,461 Finished goods inventory 5,907,877 Inventory cutoff adjustment 1,287,453 Inventory service order - other 737,076 Inventory reserve (3,076,393) B.33 Other personal property Other current assets 3,601,083 Other long-term assets 11,903,805 TOTAL SCHEDULED ASSETS $33,502,184 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims ABB Flexible Automation, Inc. $230,998 Acemco Inc. 292,058 Cold Heading Company 86,683 Daimler Chrysler Corp. 525,908 Doral Corp. 84,289 E & E Mfg. 49,449 Flex-N-Gate 648,173 Flexalloy Textron 49,550 Ford FAQ Purchasing 1,983,220 Ford Motor Company 1,101,867 Genfast Manufacturing Co. 44,311 Heckethorn 205,897 Lacosta 92,817 Luitink Manufacturing Co. 321,884 Matcor-Matsu Mfg., Inc. 197,537 MI-Tech Steel Inc. 171,355 Nartech Metals Products Ltd. 162,089 Ohio Valley Manufacturing 117,067 PPG Industries Inc. 133,427 Production Tool Corporation 242,770 RAAB Mechanical Inc. 68,146 SET Enterprises 70,087 Shape Corp. 1,112,046 Shiloh Industries 287,190 SKD L P 314,058 Wisconsin Lift Truck 88,205 Worthington Steel Co. 119,701 Z F Lemforder Corp. 391,776 Others 5,122,042 TOTAL SCHEDULED LIABILITIES $14,314,600 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Plymouth's Schedules of Assets & Debts -------------------------------------------------------- A. Real Property $773,494 B. Personal Property B.1 Cash on Hand 150 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 4,460,273 Receivables sold (4,532,578) Trade payable credits 264,923 B.17 Other liquidated debts owed 604,000 B.26 Office equipment and supplies 172,576 B.27 Machinery, furniture and fixtures Machinery & equipment 45,594,402 Software 46,080 B.28 Inventory Raw material inventory control 1,312,480 Work-in-process inventory 1 Finished goods inventory 552,153 Inventory cutoff adjustment 54,638 B.33 Other personal property Other current assets 3,143,131 Other long-term assets 2,044,566 Construction in progress 2,838,247 Leasehold improvements 4,296,690 TOTAL SCHEDULED ASSETS $61,625,225 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims ABB Flexible Automation $55,180 Alta Lift Truck Services 71,151 Burnside Manufacturing Co. 118,044 Comau Pico 4,979,583 Consolidated Machining & Mfg. 72,839 DaimlerChrysler Corporation 492,329 DTA Development 384,065 E.R. Wagner Mfg. Co. 67,835 Hydrodynamics Technologics 282,778 International Eng. Component 99,666 Jacobs Industries 746,298 Menlo Worldwide Logistics 52,445 Mercury Products 308,276 Metokote Corporation 207,343 Multitech Industries 54,658 Olympic 248,022 The Paslin Company 141,132 Perceptron 72,000 Pridgeon and Clay 193,576 Quest Energy LLC 50,340 Ridgeview Industries, Inc. 66,681 Technifast Industries 81,108 Top Craft Tool Inc. 93,055 Weld Specialty Supply Corp. 42,018 Others 727,536 TOTAL SCHEDULED LIABILITIES $9,707,958 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Products Company's Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property Land & land improvements $454,031 Buildings & improvements 34,330,493 B. Personal Property B.1 Cash on Hand 4,940 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 39,578,739 Receivables sold (35,282,396) Trade payable credits 2,417,295 B.17 Other liquidated debts owed Other receivables 6,722,000 Customer reimbursed tooling receivables 122,000 B.20 Other contingent & unliquidated claims undetermined B.22 Other intangibles 54,725,778 B.23 Automobiles 17,227 B.26 Office equipment and supplies 84,549 B.27 Machinery, furniture and fixtures Furniture & fixtures 451,371 Machinery & equipment 152,254,352 Software 141,095 Computer equipment 108,103 B.28 Inventory Raw material inventory control 3,841,887 Raw material inventory clearing/transfers (302,762) Purchased parts inventory 8,157,310 Work-in-process inventory 5,337,064 Finished goods inventory 10,017,059 Packaging material inventory 27,378 Inventory cutoff adjustment 343,335 Non-std inventory 1,458,524 Inventory obsolete & slow moving (214,008) Inventory reserve (848,794) B.33 Other personal property Other current assets 9,107,833 Other long-term assets 27,543,953 TOTAL SCHEDULED ASSETS $320,638,354 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims undetermined E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Acemco (HIS) $650,725 Advanced Tooling Systems Inc. 1,161,566 Auto Metal Craft 993,785 Chrysler Corporation 1,053,199 Copperweld Canada Inc. (HIS) 505,871 DTA Development Inc. 637,165 Ford - (Dofasco) 833,434 Ford Motor Company 1,069,878 Heidtman/Chrysler 551,661 Heidtman/Ford 865,910 Honda Trading America 1,808,951 Lamb Technicon Bdy/Assy [C] 829,375 Mercury Products of Michigan 543,461 National Material Company 1,335,693 National Steel Corp. 969,503 New Technology Steel, LLC 1,974,333 Nitco-Nissan Trading Corp. US 814,749 Northwest Tool & Die Co., Inc. 504,985 Ohio Valley Manufacturing 814,756 Paslin Company 3,786,680 Rhythm North America Corp. 525,922 Severstal North America, Inc. 701,034 Steel Technologies Inc. 675,801 Superior Die, Tool & 529,464 Theil Tool & Eng. Co. 652,933 Tokico (USA) Inc. 648,387 Trim Trends Co., LLC 1,654,888 TRW Steering & Suspension 520,195 Visteon Sterling Hts. 1,288,402 Weldmation, Inc. 3,456,228 Wisconsin Tool And Stamping 570,234 Worthington Steel Co. 676,317 Others 31,540,132 TOTAL SCHEDULED LIABILITIES $65,295,617 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Receivables Co.'s Schedules of Assets & Debts --------------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivables undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: R.J. Tower's Schedules of Assets & Debts ---------------------------------------------------------- A. Real Property - B. Personal Property B.2 Bank Accounts JPMorgan (Bank One) $11,339,819 B.9 Interests in insurance policies undetermined B.10 Annuities undetermined B.13 Interests in Partnerships undetermined B.15 Accounts receivable undetermined I/C receivable undetermined Trade payable credits 48,655 B.17 Other liquidated debts owed Note receivable 56,838,000 Other receivables 4,900,000 B.19 Contingent interests 1,877,022 B.20 Other contingent & unliquidated claims undetermined B.22 Other intangibles undetermined B.33 Other personal property Other current assets 32,364,000 Other long-term assets 1,097,414,625 TOTAL SCHEDULED ASSETS $1,204,782,120 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims Silver Point Capital, LP 581,664,685 E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Bank of New York, as Trustees 453,318,529 Campbell, Dugald K. 700,000 Kemper 402,000 Pitser, Tommy G. 299,382 Others 14,614,400 TOTAL SCHEDULED LIABILITIES $1,050,998,997 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Services & Tech.'s Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined B.20 Other contingent & unliquidated claims undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims undetermined E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: S.R.O.'s Schedules of Assets & Debts ------------------------------------------------------ A. Real Property - B. Personal Property B.2 Bank Accounts $50,000 B.9 Interests in insurance policies undetermined TOTAL SCHEDULED ASSETS $50,000 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims - F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Technology's Schedules of Assets & Debts ---------------------------------------------------------- A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable $40,458 Receivables sold (9,026,165) B.17 Other liquidated debts owed Other receivables 5,819,000 Customer reimbursed tooling receivables 17,626,000 B.22 Other intangibles 222,914,520 B.23 Automobiles 4,376 B.26 Office equipment and supplies - B.27 Machinery, furniture and fixtures Furniture & fixtures 623,807 Machinery & equipment 93,912 Computer equipment 6,567 B.33 Other personal property Other current assets 10,403,008 Other long-term assets 35,257,234 TOTAL SCHEDULED ASSETS $283,762,717 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Technology Product's Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property - B. Personal Property B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined B.21 Patents, copyrights & trademarks undetermined B.22 Other intangibles undetermined TOTAL SCHEDULED ASSETS - ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims undetermined TOTAL SCHEDULED LIABILITIES - ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Tool LLC's Schedules of Assets & Debts -------------------------------------------------------- A. Real Property Land & land improvements $155,216 Buildings & improvements 6,857,683 B. Personal Property B.1 Cash on Hand 1,000 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 13,596,319 Receivables sold (11,423,321) Trade credit payables 174,873 B.17 Other liquidated debts owed Other receivables 3,106,000 Customer reimbursed tooling receivables 63,000 B.22 Other intangibles 30,712,206 B.26 Office equipment and supplies 194,315 B.27 Machinery, furniture and fixtures 77,737,500 B.28 Inventory Raw material inventory control 3,858,840 Purchased parts inventory 957,052 Work-in-process inventory 2,645,210 Finished goods inventory 4,520,552 Packaging material inventory 72,420 Inventory reserve (247,287) B.33 Other personal property Other Current Assets 4,743,963 Other Long-Term Assets 13,859,863 Construction in Progress 75,687 Leasehold Improvements 1,811,553 TOTAL SCHEDULED ASSETS $153,472,645 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims undetermined E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims AK Steel $4,415,265 DaimlerChrysler 5,271,970 Delaco Steel Corporation 345,204 Detroit Electro Coatings Co. 111,782 Dofasco USA Inc. 2,062,076 E.R. Wagner Tubular Products 222,862 Emhart Fastening Teknologies 205,338 Ford Motor Company 10,796,477 General Motors Corp. W-204 1,041,140 Great Lakes Division 105,378 Howard Finishing 233,592 Inland Steel 657,028 ISG 1,301,508 Karmax Heavy Stamping 1,231,642 Kenwal Steel Corporation 1,909,840 L & L Products Inc. 190,272 Lafayette Steel Company 312,819 National Steel / US Steel 727,987 Noble Metal Processing Inc. 214,407 Olympic Steel 151,713 Permacel 195,449 Quest Energy LLC 189,901 Rouge Steel 1,364,662 Shiloh Industries, Inc. 414,138 Skill Tool & Die Corp. 102,696 Soundwich, Inc. 165,841 Steel Technologies 424,822 US Steel 5,366,269 Worthington Monroe 461,469 Worthington Steel Co. 1,286,787 Others 3,156,668 TOTAL SCHEDULED LIABILITIES $44,637,002 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Tower Services' Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property - B. Personal Property B.1 Cash on Hand $200 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 106,049 B.17 Other liquidated debts owed 107,000 B.33 Other personal property 1,561,256 TOTAL SCHEDULED ASSETS $1,774,505 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Abaqus Inc. $19,750 Actuate Corporation 10,101 AIM (Accurate Info Mgmt.) 13,192 CDW Computer Centers, Inc. 55,608 Cybershift Inc. 47,945 Documentem Inc. 33,177 Incat Systems 14,708 EDS Corporation 431,989 FBO Systems 190,683 M-Tech Information 72,000 Powerway Inc. 49,200 QAD, Inc. 575,952 Robert Half Technology 36,118 Seagull Software Systems 62,025 Tele Plus Inc. 11,593 Others 74,991 TOTAL SCHEDULED LIABILITIES $1,699,032 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TOWER AUTOMOTIVE: Trylon Corp.'s Schedules of Assets & Debts ------------------------------------------------------------ A. Real Property Land & land improvements $504,377 Buildings & improvement 7,523,649 B. Personal Property B.1 Cash on Hand 500 B.9 Interests in insurance policies undetermined B.15 Accounts receivable I/C receivable undetermined Accounts receivable 7,901,380 Receivables sold (6,257,867) Trade payable credits 59,055 B.17 Other liquidated debts owed Other receivables 633,000 Customer reimbursed tooling receivables 18,000 B.22 Other intangibles 13,290,396 B.23 Automobiles 26,000 B.26 Office equipment and supplies - B.27 Machinery, furniture and fixtures Furniture & fixtures 121,178 Machinery & equipment 7,098,603 B.28 Inventory Raw material inventory control 847,496 Purchased parts inventory 155,236 Work-in-process inventory 757,754 Finished goods inventory 1,122,901 Inventory obsolete & slow moving (139,861) B.33 Other personal property Other Current assets 3,265,520 Construction in progress 24,886 TOTAL SCHEDULED ASSETS $36,952,203 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims - E. Unsecured Priority Claims undetermined F. Unsecured Non-Priority Claims Alliance Steel, Inc. $264,676 Alliance Steel, Inc.- Ford 125,038 Conformance Fasteners & 192,982 CRM Incorporated 157,127 Heidtman Steel Products-Ford 212,445 Jacobson Manufacturing, LLC 57,434 Leelanau Industries, Inc. 104,186 Manpower Inc. 44,308 Menlo Worldwide Logistics 63,840 MST Steel Corporation 765,068 MST Steel Corp. - Ford 443,515 Packaging Corporation of America 139,158 Phillips & Johnston, Inc. 164,991 Steel Technologies, Inc. 81,115 Worthington Steel Co. 243,378 Worthington Steel-Ford 75,894 Others 996,505 TOTAL SCHEDULED LIABILITIES $4,131,660 ======================================================== Headquartered in Grand Rapids, Michigan, Tower Automotive, Inc. -- http://www.towerautomotive.com/-- is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. The Company and 25 of its debtor-affiliates filed voluntary chapter 11 petitions on Feb. 2, 2005 (Bankr. S.D.N.Y. Case No. 05-10576 through 05-10601). James H.M. Sprayregen, Esq., Ryan B. Bennett, Esq., Anup Sathy, Esq., Jason D. Horwitz, Esq., and Ross M. Kwasteniet, Esq., at Kirkland & Ellis, LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $787,948,000 in total assets and $1,306,949,000 in total debts. (Tower Automotive Bankruptcy News, Issue No. 8; Bankruptcy Creditors' Service, Inc., 215/945-7000) TRINITY ENERGY: Releases February 2005 Operating Report ------------------------------------------------------- On Mar. 21, 2005, Trinity Energy Resources, Inc., filed its monthly operating report for the month ended February 2005 with the United States Bankruptcy Court for the Southern District of Texas, Houston Division. Trinity Energy reported a $3,327 net income in $7,182 of total revenues for the month from Feb. 1, 2005, to Feb. 28, 2005. At Feb. 28, 2005, Trinity Energy's balance sheet showed: Total Current Assets $399,326 Total Assets 1,227,648 Total Liabilities 1,777,305 Total Owner's Equity Deficit $(549,657) A full-text copy of Trinity Energy's February 2005 monthly operating report is available at no charge at: http://www.sec.gov/Archives/edgar/data/1082292/000101540205001786/ex99_1.htm Headquartered in Houston, Texas, Trinity Energy Resources, Inc., develops and operates proven oil and gas reserves in the Rocky Mountains, Texas, and Louisiana, with international interests in the African Republic of Chad. The Company filed for chapter 11 protection on Jan. 31, 2003 (Bankr. S.D. Tex. Case No. 03-31453). John William Mahoney, Esq., at Williams Birnberg & Andersen represents the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed $1,009,626 in total assets and $1,619,031 in total debts as of Sept. 30, 2002. On April 23, 2003, the Bankruptcy Court appointed Elizabeth M. Guffy as the Chapter 11 Trustee. TRUMP HOTELS: THCR Holdings' Amended Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank account Chase Manhattan Bank, NA 13,923 Commerce Bank 25,251 Credit Suisse First Boston 19,569 US Bank 604 B.9 Interests in insurance policies 29,367 B.12 Stock Interests unknown B.13 Interests in partnership and joint venture unknown B.15 Intercompany receivable Trump Taj Mahal Associates 3,741,274 Trump Atlantic City Associates 7,323,992 Trump Casino Holdings, LLC 82,062 Accounts receivable Trump 29 Casino 404,236 NYSE (delist stock refund) 11,667 Vendor credit balance 61 B.25 Aircraft and accessories 628,672 B.26 Office equipment and supplies 24,032 B.33 Other personal property 149,021 TOTAL SCHEDULED ASSETS $12,453,731 ======================================================= C. Property Claimed as Exempt not applicable D. Secured Claim $0 E. Unsecured Priority Claims unknown F. Unsecured Non-priority Claims 243 TOTAL SCHEDULED LIABILITIES $243 ======================================================= Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. TRUMP HOTELS: THCR Inc.'s Amended Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank account 3,914 B.12 Stock Interests unknown B.13 Interests in partnership and joint ventures unknown B.21 Intellectual property unknown TOTAL SCHEDULED ASSETS $3,914 ======================================================= C. Property Claimed as Exempt not applicable D. Secured Claim $0 E. Unsecured Priority Claims unknown F. Unsecured Non-priority Claims Roselli, James unknown Senteno, Manuela Carreon and Pablo Cortes unknown TOTAL SCHEDULED LIABILITIES unknown ======================================================= Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. TRUMP HOTELS: THCR Development's Amended Financial Schedules ------------------------------------------------------------ Trump Hotels & Casino Resorts Development Company, LLC's Schedules of Assets and Liabilities is revised to include this statement for "other personal property of any kind not already listed" in its Schedule C -- Property Claimed As Exempt: "On June 24, 2003, Trump Hotels & Casino Resorts Development Company, LLC, filed a complaint against the Paucatuck Eastern Pequot Indian Tribal National in the Superior Court for New Britain, Connecticut. In that complaint, THCR Development alleged fraud, breach of contract, conspiracy, violation of the Connecticut Unfair Trade Practices Act, and intentional interference with contractual relations." Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. TRUMP HOTELS: TAC Associates' Amended Schedules of Assets & Debts ----------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank Account Credit Suisse First Boston -- Investment 1,458,404 Other 6,720 B.12 Stock interests Unknown B.13 Interests in partnerships or joint venture Unknown B.15 Intercompany Receivable Trump Plaza Associates 462,931,000 Trump Taj Mahal Associates 836,565,000 B.16 Other personal property 18,254 TOTAL SCHEDULED ASSETS $1,300,979,378 ======================================================== C. Property Claimed as Exempt Not Applicable D. Secured Claims U.S. Bank, N.A. TAC Associates $1.2 billion $1,200,000,000 11-1/4% First Mortgage Priority Notes Due 2006 TAC Associates $75 million 75,000,000 11-1/4% First Mortgage Notes Due 2006 TAC Associates $25 million 25,000,000 11-1/4% First Mortgage Notes Due 2006 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims Trump Hotels & Casino Resorts, Inc. 7,323,922 Trump Taj Mahal Associates 10,257,112 U.S. Bank, N.A. TAC Associates $1.2B 11-1/4% First Mortgage Priority Notes due 2006 unliquidated TAC Associates $7.5M 11-1/4% First Mortgage Notes due 2006 unliquidated TOTAL SCHEDULED LIABILITIES $1,317,581,034 ======================================================== Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. TRUMP HOTELS: Casino Funding's Amended Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property $0 B. Personal Property B.2 Bank Account 822 B.15 Intercompany Receivable Trump Casino Holdings, LLC 495,922,307 TOTAL SCHEDULED ASSETS $495,923,129 ======================================================= C. Property Claimed as Exempt Not Applicable D. Secured Claims U.S. Bank, N.A. Trump Casino Holdings $425 million $425,000,000 11-5/8% First Priority Notes Due 2010 Trump Casino Holdings $65 million 68,800,000 17-5/8% Second Priority Mortgage Notes Due 2010 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims Unknown TOTAL SCHEDULED LIABILITIES $495,922,307 ======================================================= Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. TRUMP HOTELS: Casino Holdings' Amended Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property $0 B. Personal Property B.2 Bank Account Credit Suisse First Boston -- Investment 3,142,130 Other 58,790 B.12 Stock interests Unknown B.13 Interests in partnerships or joint venture Unknown B.15 Intercompany Receivables THCR Management Services, LLC 24,317 Trump Indiana, Inc. 50,557,550 Trump Marina Associates, L.P. 354,566,875 Other 29,492 B.33 Other personal property 913 TOTAL SCHEDULED ASSETS $408,380,067 ======================================================= C. Property Claimed as Exempt Not Applicable D. Secured Claims U.S. Bank, N.A. Trump Casino Holdings $425 million $425,000,000 11-5/8% First Priority Notes Due 2010 Trump Casino Holdings $65 million 70,922,307 17-5/8% Second Priority Mortgage Notes Due 2010 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims Trump Indiana, Inc. 16,569,558 Others 82,062 TOTAL SCHEDULED LIABILITIES $512,573,927 ======================================================= Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. TRUMP HOTELS: Trump Marina's Amended Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property Trump Marina Hotel Casino $406,030,000 Trump Marina Hotel Casino Parking Lot 4,687,900 B. Personal Property B.1 Cash on Hand House Funds - Hotel 357,649 House Funds - Casino 11,905,257 House Funds - Other 5,734,198 B.2 Bank Account Bank of America (83,479) Commerce Bank, NA Main Operating Account 6,470,853 Investment Sweep 1,920,216 Casino Deposits 3,440,199 Other (336,649) B.3 Security Deposits Repairs & Dock Maintenance Escrow 1,211,300 per Lease Agreement -- New Jersey Security Deposit, Interest -- PDS Gaming Corporation 1,437,229 Other 443,849 B.4 Household goods 0 B.5 Books, art work & collectibles 0 B.6 Wearing apparel 0 B.7 Furs and jewelry 0 B.8 Firearms and sporting goods 0 B.9 Interests in insurance policies Prepaid Insurance Accounts 774,294 Insurance Collateral Accounts 1,552,819 B.10 Annuities 0 B.11 Interests in retirement plans 0 B.12 Stock interests 0 B.13 Interests in partnerships or joint venture 0 B.14 Bonds CRDA Bonds 3,792,759 Deposits with CRDA 6,437,914 Valuation Allowance on Bonds/Deposits (3,726,641) B.15 Intercompany receivable Trump Plaza Associates 16,450 Accounts receivable Casino Receivables, net 6,027,564 Hotel Receivables, net 1,103,335 Credit Card Receivables 379,694 Other Receivables 874,541 B.16 Alimony 0 B.17 Other liquidated debts owed 0 B.18 Equitable and future interests 0 B.19 Contingent interests 0 B.20 Other contingent & unliquidated claims 0 B.21 Patents, copyrights & trademarks Unknown B.22 Other intangibles Unknown B.23 Automobiles 29,890 B.24 Boats 0 B.25 Aircraft 0 B.26 Office equipment and supplies 29,494,021 B.27 Machinery, furniture and fixtures B.28 Inventory 3,172,076 B.29 Animals 0 B.30 Crops 0 B.31 Farming equipment 0 B.32 Farm supplies 0 B.33 Other personal property Prepaid expenses 3,955,988 TOTAL SCHEDULED ASSETS $497,103,227 ======================================================= C. Property Claimed as Exempt Not Applicable D. Secured Claims IGT, Inc. 1,026,966 PDS Gaming Corporation 12,842,932 U.S. Bank, N.A. Guaranty of Trump Casino Holdings 425,000,000 $425 million 11-5/8% First Priority Notes Due 2010 Guaranty of Trump Casino Holdings 68,800,000 $65 million 17-5/8% Second Priority Mortgage Notes Due 2010 Other Secured Claims 473,250 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims Trump Casino Holdings, LLC 354,566,875 Trump Taj Mahal Associates 6,114,143 Other Trade and Unsecured Claims 10,374,381 TOTAL SCHEDULED LIABILITIES $879,198,547 ======================================================= Headquartered in Atlantic City, New Jersey, Trump Hotels & Casino Resorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages one property under the Trump brand name. The Company and its debtor- affiliates filed for chapter 11 protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A. Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., at Latham & Watkins, LLP, and Charles Stanziale, Jr., Esq., Jeffrey T. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia, Stanziale, Sedita & Campisano, P.A., represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed more than $500 million in total assets and more than $1 billion in total debts. USG CORP: Earns $19.4 Million of Net Income in February 2005 ------------------------------------------------------------ USG Corporation, et al. Consolidated Balance Sheet 28-February-2005 __________________________ ________________ Assets: Cash and cash equivalents $418,609,000 Marketable Securities 172,229,000 Restricted Cash 35,429,000 Receivables 437,904,000 Inventories 293,342,000 Income taxes receivable 23,024,000 Deferred income taxes 20,260,000 Other current assets 55,454,000 ------------- Total current assets 1,456,251,000 Property, plant and equipment, net 1,603,686,000 Marketable Securities 269,792,000 Deferred income taxes 142,910,000 Goodwill 42,576,000 Other assets 355,506,000 ------------- Total Assets $3,870,721,000 ============= Liabilities and Stockholders' Equity: Accounts payable $227,045,000 Accrued expenses 149,130,000 Taxes on income 74,604,000 ------------- Total current liabilities 450,779,000 Other liabilities 390,579,000 Liabilities subject to compromise 2,241,450,000 Stockholders' Equity: Common stock 4,998,000 Treasury stock (255,540,000) Capital received in excess of par value 100,793,000 Accumulated other comprehensive income/(loss) 13,940,000 Retained earnings 923,722,000 ------------- Total stockholders' equity 787,913,000 ------------- Total Liabilities and Stockholders' Equity $3,870,721,000 ============= USG Corporation, et al. Month Ending Consolidated Income Statement 28-February-2005 _____________________________ ________________ Net sales $331,913,000 Cost of products sold 275,743,000 Selling and administrative expenses 24,806,000 Chapter 11 reorganization expenses (1,320,000) Provision for restructuring expenses - Interest expense 326,000 Interest income (147,000) Other (income)/expense, net (73,000) ------------- Earnings/(loss) before income taxes 32,578,000 Income taxes (benefit) 13,187,000 ------------- Net Earnings/(loss) $19,391,000 ============= Headquartered in Chicago, Illinois, USG Corporation -- http://www.usg.com/-- through its subsidiaries, is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. The Company filed for chapter 11 protection on June 25, 2001 (Bankr. Del. Case No. 01-02094). David G. Heiman, Esq., and Paul E. Harner, Esq., at Jones Day represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $3,252,000,000 in assets and $2,739,000,000 in debts. (USG Bankruptcy News, Issue No. 84; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Earns $125.8MM of Net Income for 16 Days Ended Mar. 9 ----------------------------------------------------------------- Winn-Dixie Stores, Inc., et al. Consolidated Balance Sheet At March 9, 2005 (in thousands) ASSETS Current Assets: Cash and cash equivalents $82,483 Marketable securities 19,477 Trade and other receivables 136,304 Insurance claims receivable 18,856 Income tax receivable 34,005 Merchandise inventories less LIFO reserve 745,171 Prepaid expenses and other current assets 99,037 Assets held for sale 13,796 ---------- Total current assets 1,149,129 Property, plant and equipment, net 877,693 Other assets, net 125,763 ---------- TOTAL ASSETS $2,152,585 ========== LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Current portion of long-term debt $262 Current obligations under capital leases 2,792 Accounts payable 68,596 Reserve for workers' compensation insurance claims and self-insurance 76,194 Accrued wages and salaries 93,096 Accrued expenses 92,146 ---------- Total current liabilities 333,086 Reserve for workers' compensation insurance claims and self-insurance 132,912 Long-term debt 395 Long-term borrowings under revolving credit line 109,947 Obligations under capital leases 8,082 Other liabilities 18,926 Total liabilities not subject to compromise 603,348 Liabilities subject to compromise 1,121,389 ---------- Total liabilities 1,724,737 Shareholders' equity: Common stock 141,952 Additional paid-in-capital 32,070 Retained earnings 273,880 Accumulated other comprehensive loss (20,054) ---------- Total shareholders' equity 427,848 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $2,152,585 ========== Winn-Dixie Stores, Inc., et al. Consolidated Statement of Operations 16 days ended March 9, 2005 (in thousands) Net sales $426,533 Cost of sales 309,749 ---------- Gross profit on sales 116,784 Other operating and administrative expenses 123,647 Restructuring and other non-recurring charges 331 ---------- Operating loss (7,194) Interest expense 416 Loss from continuing operations before income tax and reorganization items, net (7,610) Reorganization items, net (83,219) Income tax expense - ---------- Net earnings from continuing operations 75,609 Discontinued operations: Loss from discontinued operations (2,464) Gain on disposal of discontinued operations 52,702 Income tax expense - ---------- Net earnings from discontinued operations 50,238 ---------- NET EARNINGS $125,847 ========== Winn-Dixie Stores, Inc., et al. Consolidated Statement of Cash Flows 16 days ended March 9, 2005 (in thousands) Cash flows from operating activities: Net earnings $125,847 Adjustments to reconcile net earnings to net cash provided by operating activities: Gain on sale of assets (700) Reorganization items, net (83,219) Depreciation and amortization 6,810 Stock compensation plan 316 Change in operating assets and liabilities: Trade and other receivables (6,563) Merchandise inventories 57,475 Prepaid expenses and other current assets (53,232) Accounts payable 18,118 Reserve for insurance claims and self-insurance 3,239 Lease liability on closed facilities (55,983) Other accrued expenses (6,103) Net cash provided by operating activities before reorganization items 6,005 Cash effect of reorganization items (3,772) ---------- Net cash provided by operating activities 2,233 Cash flows from investing activities: Proceeds from sale of assets 1,335 Marketable securities, net (66) ---------- Net cash provided by investing activities 1,269 Cash flows from financing activities: Gross repayments on revolving credit facility (265,000) Gross borrowings on DIP credit facility 317,947 Gross repayments on DIP credit facility (208,000) Principal payments on long-term debt (16) Debt issuance costs (11,035) Principal payments on capital lease obligations (157) Other (90) ---------- Net cash used in financing activities (166,351) Decrease in cash and cash equivalents (162,849) Cash and cash equivalents at beginning of period 245,332 ---------- CASH AND CASH EQUIVALENTS AND END OF PERIOD $82,483 ========== Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Files Schedules of Assets & Liabilities --------------------------------------------------- A. Real Property Store - Jacksonville, Florida $489,763 Warehouse - Miami, Florida 676,484 Store - Leesburg, Florida 124,539 Warehouse - Pompano Beach, Florida 5,540,399 Store - Miami, Florida 11,216,183 Store - Orange Park, Florida 3,194,995 Warehouse - Jacksonville, Florida 78,480,924 Store - Tallahassee, Florida 4,483,330 Store - Oviedo, Florida 5,427,404 Warehouse - Plant City, Florida 1,399,671 Store - St. Augustine Beach, Florida 242,189 Store - St. Augustine Beach, Florida 4,353,793 Store - Marathon, Florida 217,849 Warehouse - Sarasota, Florida 132,416 Store - Kissimmee, Florida 2,630,769 Store - Jacksonville, Florida 110,639 Store - Hollywood, Florida 2,887,160 Store - Marathon, Florida 3,387,706 Store - Marathon, Florida 2,705,000 Store No. 0388 - Land only 468,000 Store No. 250 - Land only 750,000 Warehouse - Tampa Ice Cream 2,610,873 B. Personal Property B.1 Cash on Hand Cash in ATMs 1,244,620 Cash on Hand 4,497,075 Petty Cash 11,920 B.2 Bank Account Master ZBA Account - HDQ06 - Amsouth 4,312,755 EFT/EBT/Credit in Transit - Various Banks 60,218,160 Deposits in Transit - Various Banks 36,090,052 Payroll - Wachovia 33,097,508 Master ZBA Account - HDQ01 - Wachovia 11,732,368 Headquarters Principal - Wachovia 8,729,041 Taxes Held in Trust - Wachovia 7,569,722 Evergreen Institutional Money Market 20,026,772 Others 4,067,376 B.3 Security Deposits Meter Deposit - FPL 3,463,945 Meter Deposit - FPL 1,731,973 Meter Deposit - FPL 1,154,942 Meter Deposit - FPL 577,324 Meter Deposit - Progress Energy-Florida 1,590,585 Meter Deposit - Progress Energy-Florida 1,017,940 Others 734,266 B.4 Household Goods 0 B.5 Books, Art Work & Collectibles 0 B.6 Wearing Apparel 0 B.7 Furs and Jewelry 0 B.8 Hobby Equipment 0 B.9 Insurance Policy Interests 0 Cash Surrender Value - American Heritage 2,835,859 Cash Surrender Value - GE Life & Annuity 684,136 Cash Surrender Value - General American 56,660 Cash Surrender Value - National Farmer 62,999 B.10 Annuities 0 B.11 Interest in Retirement Plans 0 B.12 Stock Interests unknown B.13 Interests in Partnership and Joint Ventures unknown B.14 Government and Corporate Bonds 0 B.15 Accounts Receivable Associate Receivables 37,530 Charge Sales Customers 884,417 Coinstar Receivables 3,446,337 Lease Receivables 1,665,276 Miscellaneous Receivables 7,044,003 Pharmacy Receivables 19,750,700 Returned Checks 2,033,452 Vendor Coupons 2,445,489 Vendor Receivables 23,675,256 Reserve Allocation (1,582,401) Intercompany Receivable Astor Products, Inc. 1,824,006 Deep South Products, Inc. 5,138,307 Dixie Spirits, Inc. 118,387 Winn-Dixie Logistics, Inc. 168,986,682 Winn-Dixie Montgomery, Inc. 88,925,279 Winn-Dixie Procurement, Inc. 20,298,144 Winn-Dixie Supermarkets, Inc. 19,559,531 B.16 Alimony 0 B.17 Other Liquidated Debts 0 B.18 Equitable and Future Interests 0 B.19 Contingent and Non-Contingent Interests 0 B.20 Other Contingent and Non-liquidated Claims unknown B.21 Intellectual Property unknown B.22 Licenses, Franchises and Other Intangibles Intangible Assets - Non-complete Fees 703,051 Pharmacy Script 80,569,234 B.23 Vehicles and Accessories Automobiles 360,458 Store Maintenance Vehicles 241,863 Tractors 65,101 Trailers 24,816 B.24 Boats, Motors and Accessories 0 B.25 Aircraft and Accessories G200 Aircraft 17,738,002 G200 Aircraft 17,804,871 B.26 Office Equipment Office Furniture & Fixtures 6,409,762 Office Info & Date Handling 5,132,743 B.27 Machinery 176,053,080 B.28 Inventory 391,019,543 B.29 Animals 0 B.30 Crops 0 B.31 Farming Equipment 0 B.32 Farm Supplies 0 B.33 Others Capital Leased Assets 2,390,622 Capitalized Interest on CIP 1,289,849 Construction in Progress 8,220,923 Debt Issue Costs 9,580,883 Escrow Funds 200,456 Insurance Claims Receivable 17,057,304 Insurance Deposits 1,300,000 Internal & External Software 53,824,669 Investments-Amsouth Marketable Securities 19,479,292 Investments (SRP) 15,801,777 Leasehold Improvements 174,529,618 Other Deposits 416,229 Prepaid Franchise Taxes 1,121 Prepaid Insurance 2,370,917 Prepaid Maintenance 7,336,079 Prepaid MSP Premiums 3,758,520 Prepaid Rent 8,264,570 Prepaid Sponsorships 1,024,584 Prepaid Taxes & Licenses 435,230 TOTAL SCHEDULED ASSETS $1,724,693,681 ======================================================= C. Property Claimed as Exempt - D. Secured Claims Amsouth Bank - Letter of Credit $17,000,000 Lutheran Brotherhood - Term Loan 672,888 NCR Corporation - UCC Lienholder unliquidated Wachovia Bank - Term Loan, Revolver, and Letters of Credit 426,832,550 E. Unsecured Priority Claims unknown F. Unsecured Non-Priority Claims Wilmington Trust Company 310,500,000 Accounts Payable Cardinal Health 3,517,383 Florida Coca Cola Bottling 4,307,811 Florida Power & Light 4,214,513 Kraft Pizza Co. 784,817 IBM Corporation 1,384,942 Mckee Foods Corporation 1,377,506 Nabisco Brands Inc 2,342,995 Paskert Distributing Co 861,959 Pepsi Cola 4,037,339 Pepsi Cola Bott Co Ok&Jb 1,127,753 Progress Energy Florida 1,294,622 Others 51,653,178 Intercompany Payables Dixie Packers, Inc. 910,049 Crackin' Good, Inc. 7,950,267 Winn-Dixie Raleigh, Inc. 97,638,705 Others 372,299 Management Security Plan participants 88,768,532 Supplemental Retirement Plan participants 15,883,998 TOTAL SCHEDULED LIABILITIES $1,043,434,106 ======================================================= Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Dixie Stores Inc. Files Schedules of Assets & Debts --------------------------------------------------------------- A. Real Property - B. Personal Property B.2 Bank Account $100,000 TOTAL SCHEDULED ASSETS $100,000 ======================================================= C. Property Claimed as Exempt - D. Secured Claims - E. Unsecured Priority Claims - F. Unsecured Non-Priority Claims - TOTAL SCHEDULED LIABILITIES $0 ======================================================= Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Astor Products Files Schedules of Assets & Debts ------------------------------------------------------------ A. Real Property - B. Personal Property B.15 Accounts Receivable $4,145 B.21 Intellectual Property unknown B.27 Machinery 868,756 B.28 Inventory 3,670,832 B.33 Others Construction in Progress 13,063 Leasehold Improvements 224,697 Other Deposits 3,652 TOTAL SCHEDULED ASSETS $4,785,145 ======================================================= C. Property Claimed as Exempt - D. Secured Claims E. Unsecured Priority Claims - F. Unsecured Non-Priority Claims Wilmington Trust Company $310,500,000 Accounts Payable 316,729 Intercompany Payables 1,824,006 TOTAL SCHEDULED LIABILITIES $312,640,735 ======================================================= Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Montgomery Inc. Files Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property Store - Baton Rouge, Louisiana $6,749,385 Warehouse - Montgomery Alabama 12,335,717 Store - Walker, Louisiana 5,314,991 Warehouse - Hammond, Louisiana 25,382 B. Personal Property B.1 Cash on Hand Cash in ATMs 516,310 Cash on Hand 2,441,468 B.2 Bank Account American Gateway Bank 151,999 Bancorp South 48,644 Colonial Bank 118,266 Community Bank & Trust 214,416 Community Bank & Trust 180,854 Community Bank & Trust 111,235 Compass Bank 1,040,229 Compass Bank 144,376 Hancock Bank 1,796,862 Hibernia Bank 578,177 Iberia Savings Bank 115,328 Merchants & Marine Bank 39,269 National Bank Of Walton 114,853 Teche Federal Savings Bank 629 The First National Bank 111,657 Trustmark National Bank 109,695 Union Planters Bank 7,341 United Bank 73,369 Various Banks 21,886,403 B.3 Security Deposits Other Deposit - Entergy Louisiana, Inc. 1,696,143 Other Deposit - Entergy Mississippi, Inc. 683,040 Other Deposit - Entergy New Orleans, Inc. 337,060 Others 1,332,569 B.12 Stock Interests unknown B.15 Accounts Receivable Associate Receivables 30,997 Charge Sales Customers 201,249 Pharmacy Receivables 10,654,540 Pharmacy Receivables 18 Vendor Receivables 463,709 Reserve Allocation (284,175) B.22 Licenses, Franchises and Other Intangibles unknown B.23 Vehicles and Accessories Automobiles 179,259 Store Maintenance Vehicles 304,915 B.26 Office Equipment Office Furniture & Fixtures 31,773 Office Info & Date Handling 666,559 B.27 Machinery 80,527,094 B.28 Inventory 212,946,671 B.33 Others Capital Leased Assets 1,682,620 Construction In Progress 6,279,298 Escrow Deposits 10,000 Internal & External Software 800,397 Leasehold Improvements 45,688,328 Other Deposits 1,250 Prepaid Franchise Taxes 65,944 Prepaid Maintenance 1,441,787 Prepaid Rent 5,607,421 Prepaid Taxes & Licenses 1,479,592 TOTAL SCHEDULED ASSETS $427,054,913 ======================================================== C. Property Claimed as Exempt - D. Secured Claims unliquidated E. Unsecured Priority Claims unliquidated F. Unsecured Non-Priority Claims Wilmington Trust Company 310,500,000 Accounts Payable Dairy Farmers Of America Inc. 729,127 Frito Lay Inc. 5,171,029 Gulf Coast Coca-Cola Btl 745,496 Louisiana Coca Cola 1,577,172 Others 28,353,195 Intercompany Payables Win General Insurance 2,923,927 Winn-Dixie Stores, Inc. 88,925,279 TOTAL SCHEDULED LIABILITIES $438,925,224 ======================================================== Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Raleigh Inc. Files Schedules of Assets & Debts ---------------------------------------------------------- A. Real Property Store - Stockbridge, Georgia $5,727,623 Store No. 0945 - Land only 94,200 Store No. 1701 - Land only 605,069 Store No. 1829 - Land only 94,300 B. Personal Property B.1 Cash on Hand Cash in ATMs 465,660 Cash on Hand 1,967,487 B.2 Bank Account Bank of Granite 120,292 BB&T 711,936 BB&T 69,379 Centura 10,525 Northeast Georgia Bank 77,914 The Provident Bank 11,213 US Bank 51,100 US Bank 9,161 Various Banks 12,344,551 B.3 Security Deposits 523,178 B.15 Accounts Receivable Associate Receivables 40,284 Charge Sale Customers 1,703 Miscellaneous Receivables 30,110 Pharmacy Receivables 6,369,692 Reserve Allocation (224,533) Intercompany Receivable 97,638,705 B.22 Licenses, Franchises and Other Intangibles unknown B.23 Vehicles and Accessories Automobiles 143,300 Store Maintenance Vehicles 97,823 Trailers 1,757,173 B.26 Office Equipment Office Furniture & Fixtures 204,660 Office Info & Date Handling 601,816 B.27 Machinery 42,815,920 B.28 Inventory 161,266,592 B.33 Others Capital Leased Assets 2,171,858 Construction In Progress 67,303 Escrow Deposits 1,647,651 Internal & External Software 819,998 Leasehold Improvements 33,199,413 Prepaid Franchise Taxes 168,520 Prepaid Maintenance 1,442,233 Prepaid Rent 4,299,670 Prepaid Taxes & Licenses 519,125 TOTAL SCHEDULED ASSETS $377,962,606 ======================================================== C. Property Claimed as Exempt - D. Secured Claims unliquidated E. Unsecured Priority Claims unliquidated F. Unsecured Non-Priority Claims Wilmington Trust Company 310,500,000 Coca Cola Bottling Co 1,454,299 Maryland & Virginia 2,377,312 Pepsi Cola 1,150,274 Others 16,839,558 TOTAL SCHEDULED LIABILITIES $332,321,443 ======================================================== Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINN-DIXIE: Supermarkets' Schedules of Assets & Liabilities ----------------------------------------------------------- A. Real Property - B. Personal Property B.1 Cash on Hand $60,811 B.2 Bank Account B.3 Security Deposits 1,848 B.22 Licenses, Franchises and Other Intangibles unknown B.27 Machinery 1,431,153 B.28 Inventory 10,286,514 B.33 Others Leasehold Improvements 2,387,548 Prepaid Franchise Taxes 14,140 Prepaid Rent 15,869 Prepaid Taxes & Licenses 42,156 TOTAL SCHEDULED ASSETS $14,240,039 ======================================================= C. Property Claimed as Exempt - D. Secured Claims - E. Unsecured Priority Claims - F. Unsecured Non-Priority Claims Wilmington Trust Company 310,500,000 Intercompany Payables 19,559,531 TOTAL SCHEDULED LIABILITIES $330,086,352 ======================================================= Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $2,235,557,000 in total assets and $1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 9; Bankruptcy Creditors' Service, Inc., 215/945-7000) WINSTAR COMMS: Releases February 2005 Monthly Operating Report -------------------------------------------------------------- Winstar Communications, Inc. Balance Sheet As of February 28, 2005 ASSETS Unrestricted Cash and Equivalents $25,510,122 Restricted Cash and Cash Equivalents - Accounts Receivable (Net) - Notes Receivable - Inventories - Prepaid Expenses - Professional Retainers - Other Current Assets - ------------ Total Current Assets 25,510,122 ------------ Real Property and Improvements Machinery & Equipment - Furniture, Fixtures & Office Equipment - Leasehold Improvements - Vehicles - Less: Accumulated Depreciation - ------------ Total Property & Equipment - ------------ Loans to Insiders Other Assets - ------------ Total Other Assets - ------------ TOTAL ASSETS $25,510,122 ============ LIABILITIES & SHAREHOLDER'S EQUITY Accounts Payable - Taxes Payable - Wages Payable - Notes Payable - Rent/Leases - Building/Equipment - Secured Debt/Adequate Protection Payments - Professional Fees - Amounts Due to Insiders - Other Post Conversion Liabilities - ------------ Total Post Conversion Liabilities - ------------ Secured Debt - Priority Debt - Unsecured Debt - ------------ Total Pre-Conversion Liabilities - ------------ Owners' Equity Capital Stock - Additional Paid In Capital - Partners' Capital Account - Owners' Equity Account $57,559,619 Retained Earnings - Pre-Conversion - Retained Earnings - Post-Conversion (32,049,496) Adjustments to Owner Equity - Postpetition Contributions (Distributions)(Draws) - ------------ Net Owners' Equity 25,510,122 ------------ TOTAL LIABILITIES & OWNERS' EQUITY $25,510,122 ============ Winstar Communications, Inc. Statement of Operations For the Month Ended February 28, 2005 Gross Revenues - Less: Returns and Allowances - ------------ Net Revenue - Beginning Inventory - Add: Purchases - Add: Cost of Labor - Add: Other Costs - Less: Ending Inventory - Cost of Goods Sold - ------------ Gross Profit - Advertising - Auto and Truck Expense - Bad Debts - Contributions - Employee Benefits Programs - Insider Compensation - Insurance - Management Fees/Bonuses - Office Expense - Pension & Profit-Sharing Plans - Repairs and Maintenance - Rent and Lease Expenses - Salaries/Commissions/Fees - Supplies - Taxes - Payroll - Taxes - Real Estate - Taxes - Other - Travel and Entertainment - Utilities - Other - ------------ Total Operating Expenses before Depreciation - Depreciation/Depletion/Amortization - ------------ Net Profit (Loss) before other income and expenses - Other Income $221,671 Worker's Comp Refund - Tax Refund - Leasehold Buyback - Interest Expense - Other Expense 2,742 Pmt from Sale of Assets - Tera - Compensation as Director per Court Order - Payment Per Stipulation - Pmt from Sale of Assets - American Communications - Return of DIP Loan Disbursement - Pmt from Sale of Del Telecom International Stock - Pmt per NW Nexus Sale Order - Pmt per 1/7 Order and APA Agreement - Payment per 2/10/03 Court Order - Pmt PTO Employment Contract - Turnover of Funds to IDT - Turnover of Bank Account - Insurance Expense - Reimbursement of Expenses 1,367 Payroll 19,077 Sale of Assets - ------------ Net Profit (Loss) before reorganization items 198,485 Professional Fees - U.S. Trustee Quarterly Fees - Interest Earned on Accumulated Cash from Chapter 11 - Gain (Loss) from Sale of Equipment - Other Reorganization Expenses - Total Reorganization Expenses - Income Taxes - ------------ Net Profit (Loss) $198,485 ============ Winstar Communications, Inc. Cash Receipts and Disbursements For the Month Ended February 28, 2005 Cash Beginning of Month $25,311,638 Receipts: Cash Sales - Accounts Receivable - Return of DIP Loan Disbursement - Sale of ISP Northwest Nexus - Holdings Funds - Insurance Refund Dividend - Final Settlement - Liquidation of Well's Fargo Acct - Liquidation of Fleet Account per stipulation - Transfer from AON - Leasehold Buyback - Closing of Bank Account - Pmt from Sales of Assets - Tera - Pmt from Sales of Assets - American Communications - Pmt from Sale of Del Telecom International Stock - Transfers - Claim Settlement 202,000 Refund of Overpayment - Tax Refund - Worker's Comp Refund - Collection on Preferences 5,400 Turnover of Bank Account - Reimbursement - Moving Expenses - Interest 14,271 Payment from Sale of Assets - ------------ Total Receipts $221,671 Disbursements: Employee Benefits - Net Payroll $19,077 Payroll Taxes - Sales, Use, & Other Taxes - Chapter 11 Quarterly Fees - Chapter 11 Administrative Claims - Insurance 1,008 Additional Payment of Funds - CTG Revised Accounting - Pmt per NW Nexus Sale Order - Pmt per 1/7 Order and APA Agreement - Advertising Fees - License Fees - Legal Fees per Court Order - Administrative 145 Telephone - Compensation as Director per Court Order - Distribution Per Orders of 12/12/02 - Payment per 2/10/03 Court Order - Pmt PTO Employment Contract - Owner Draw - Reimbursement of Check from SF Interactive - Reimbursement of Expenses 1,367 Reimbursement of Expenses per Order of 5/13/03 - Turnover of Funds to IDT - Trustee Bond - Professional Fees - Trustee Expense - Trustee Commission 94,889 Bankruptcy Service Payments 2,597 Rent - Moving Expenses - Payment per Stipulation - Payment of Carve Out per order of 12/11/02 - Payment per stipulation and order of 4/15/03 - per carve out - Per Order of 4/15/03 - payment of chapter 11 carve out - Pmt per order of 4/15/03 - pmt of carve out chapter 11 fees - Attorney's Fees for Counsel for Trustee - Accounting Fees for acct. for Chapter 7 Trustee - Tax Consultant Fees - Payment - Summary Judgment - Payment of Claims - ------------ Total Disbursements 23,187 ------------ Net Cash Flow 198,485 ------------ Cash - End of Month $25,510,122 ============ Headquartered in New York, New York, Winstar Communications, Inc., provides broadband services to business customers. The Company and its debtor-affiliates filed for chapter 11 protection on April 18, 2001 (Bankr. D. Del. Case Nos. 01-01430 through 01-01462). The Debtors obtained the Court's approval converting their case to a chapter 7 liquidation proceeding in January 2002. Christine C. Shubert serves as the Debtors' chapter 7 trustee. When the Debtors filed for bankruptcy, they listed $4,975,437,068 in total assets and $4,994,467,530 in total debts. (Winstar Bankruptcy News, Issue No. 65; Bankruptcy Creditors' Service, Inc., 215/945-7000) ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers' public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. A list of Meetings, Conferences and Seminars appears in each Wednesday's edition of the TCR. Submissions about insolvency- related conferences are encouraged. Send announcements to conferences@bankrupt.com. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. For copies of court documents filed in the District of Delaware, please contact Vito at Parcels, Inc., at 302-658-9911. For bankruptcy documents filed in cases pending outside the District of Delaware, contact Ken Troubh at Nationwide Research & Consulting at 207/791-2852. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland USA. Yvonne L. Metzler, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Jazel P. Laureno, Cherry Soriano-Baaclo, Marjorie Sabijon, Terence Patrick F. Casquejo, Jason A. Nieva, Christian Q. Salta and Peter A. Chapman, Editors. Copyright 2005. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. 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