/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/051015.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, October 15, 2005, Vol. 9, No. 245 Headlines ACCEPTANCE INSURANCE: Posts $58,259 Net Loss in September 2005 AURA SYSTEMS: Posts $600,498 Net Loss in August 2005 CATHOLIC CHURCH: Portland's Amended July 2005 Monthly Report CATHOLIC CHURCH: Portland's August 2005 Monthly Operating Report CATHOLIC CHURCH: Spokane's August 2005 Monthly Operating Report CATHOLIC CHURCH: Tucson's August 2005 Monthly Operating Report COLLINS & AIKMAN: Earns $20 Million of Net Income in August 2005 COLLINS & AIKMAN: Automotive Int'l's Schedules of Assets & Debts COLLINS & AIKMAN: Automotive Int'l Services Files Schedules COLLINS & AIKMAN: Automotive Overseas' Schedules of Assets & Debts COLLINS & AIKMAN: Automotive Services' Schedules of Assets & Debts COLLINS & AIKMAN: C&A Automotive Mats' Schedules of Assets & Debts COLLINS & AIKMAN: C&A Intellimold's Schedules of Assets & Debts COLLINS & AIKMAN: C&A International's Schedules of Assets & Debts COLLINS & AIKMAN: C&A Properties' Schedules of Assets & Debts COLLINS & AIKMAN: Gamble Development's Schedules of Assets & Debts COLLINS & AIKMAN: JPS Automotive's Schedules of Assets & Debts COLLINS & AIKMAN: New Baltimore Holdings Files Schedules COLLINS & AIKMAN: Owosso Thermal's Schedules of Assets & Debts COLLINS & AIKMAN: Wickes Manufacturing Files Schedules DELPHI CORP: June 30 Balance Sheet Upside-Down by $4.5 Billion INTERSTATE BAKERIES: Posts $5MM Net Loss for Period Ended Aug. 20 KAISER ALUMINUM: Earns $6.76 Million of Net Income in August 2005 NEWPOWER HOLDINGS: Files August 2005 Monthly Operating Report ROBOTIC VISION: Posts $1 Million Net Loss in August 2005 SAINT VINCENTS: Posts $16 Million Net Loss in August 2005 SAINT VINCENTS: Files Schedules of Assets And Liabilities SAINT VINCENTS: CMC Cardiology's Schedules of Assets & Debts SAINT VINCENTS: CMC Occupational's Schedules of Assets & Debts SAINT VINCENTS: CMC Physician's Schedules of Assets & Liabilities SAINT VINCENTS: CMC Radiological's Schedules of Assets & Debts SAINT VINCENTS: Medical Service's Schedules of Assets & Debts SAINT VINCENTS: Surgical Service's Schedules of Assets & Debts US AIRWAYS: Posts $14 Million Net Loss in August 2005 WESTPOINT STEVENS: JP Stevens' Report for Period Ended Aug. 7 WESTPOINT STEVENS: JP Stevens Ent.' MOR for Period Ended Aug. 7 WESTPOINT STEVENS: WPS I Earns $1 Million for Period Ended Aug. 7 WESTPOINT STEVENS: Stevens Stores' Reports for Period Ended Aug. 7 ********* ACCEPTANCE INSURANCE: Posts $58,259 Net Loss in September 2005 -------------------------------------------------------------- On Oct. 10, 2005, Acceptance Insurance Companies Inc. filed its monthly operating report for September 2005 with the U.S. Bankruptcy Court for the District of Nebraska. The Debtor reports a $58,259 net loss on $8,751 of revenue for September 2005. At Sept. 30, 2005, Acceptance Insurance Companies Inc.'s balance sheet showed: Total Current Assets $2,627,511 Total Assets 33,194,110 Total Liabilities 138,180,457 Total Shareholders' Equity Deficit ($104,986,347) A full-text copy of Acceptance Insurance Companies Inc.'s September 2005 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?254 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. AURA SYSTEMS: Posts $600,498 Net Loss in August 2005 ---------------------------------------------------- On Oct. 11, 2005, Aura Systems, Inc., filed its monthly operating report for the month of August 2005, with the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division. The Company reported a $600,498 net loss in $77,202 of net sales for the month of August 2005. At Aug. 31, 2005, Aura System, Inc.'s balance sheet shows: Current Assets $11,689,948 Total Assets 18,236,138 Total Postpetition Liabilities 1,718,988 Total Prepetition Liabilities 15,527,662 Total Liabilities 17,246,650 Total Stockholders' Equity $989,488 A full-text copy of Aura Systems, Inc.'s August 2005 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?255 Headquartered in El Segundo, California, Aura Systems, Inc. -- http://www.aurasystems.com/-- develops and sells AuraGen(R) mobile induction power systems to the industrial, commercial and defense mobile power generation markets. The Company filed for chapter 11 protection on June 24, 2005 (Bankr. C.D. Calif. Case No. 05-24550). Ron Bender, Esq., at Levene Neale Bender Rankin & Brill LLP, represent the Debtor in its restructuring efforts. When the Debtor filed for bankruptcy, it reported $18,036,502 in assets and $28,919,987 in debts. CATHOLIC CHURCH: Portland's Amended July 2005 Monthly Report ------------------------------------------------------------ The Archdiocese of Portland in Oregon amended its Balance Sheet and Income Statement for the period ending July 31, 2005. Pastoral Center Archdiocese of Portland in Oregon Statement of Financial Position As of July 31, 2005 ASSETS Cash and cash equivalents $13,537,567 Accounts receivable, net 707,904 Notes, estates and other receivables 13,122,930 Loans receivable from Archdiocesan entities, net 9,877,588 Loans receivable from Archdiocesan housing entities 521,228 Interest receivable and other assets 221,446 Inventories 1,489,252 Real Property 226,688 Deposits and prepaid expenses 30,005 Investments 93,639,529 Advances to Archdiocesan housing entities 1,640,000 Land, buildings, and equipment, net 7,710,620 -------------- Total Assets $142,724,757 ============== LIABILITIES AND NET ASSETS Liabilities: Prepetition Accounts payable $822,302 Accrued liabilities 2,223,387 Funds held for others Second Collections (11) Short-term investments payable 17,747,805 Long-term pool investments payable 19,570,358 Reserve for insurance claims 2,343,946 Notes payable 11,113,254 Pre-need liability and reserve 456,268 Accrued post-retirement liability 7,607,264 -------------- Total Prepetition Liabilities 61,884,573 -------------- Postpetition Accounts payable 604,500 Accrued liabilities 1,992,756 Funds held for others Second Collections 221,724 Short-term investments payable 2,112,058 Long-term pool investments 2,991,188 Reserve for insurance claims (15,922) Notes payable - Pre-need liability and reserve 28,261 Accrued post-retirement liability 404,521 -------------- Total Postpetition Liabilities 8,339,086 -------------- Total Liabilities 70,223,659 -------------- Net Assets: Prepetition Net Assets: Charitable Trust Assets 69,697,407 Other Assets (3,255,084) -------------- Total Prepetition Net Assets 66,442,323 -------------- Postpetition Net Assets: Charitable Trust Assets 6,074,630 Other Assets (15,855) -------------- Total Postpetition Net Assets 6,058,775 -------------- Total Net Assets 72,501,098 -------------- Total liabilities & net assets $142,724,757 ============== Pastoral Center Archdiocese of Portland in Oregon Statement of Activities For the month ending July 31, 2005 Revenues, gains and other support Annual Catholic Appeal income ($31,303) Gross profit on cemetery sales 110,851 Contributions, gifts, annuities and bequests 13,068 Operating support - Oregon Catholic Press - Investment income and realized gains (losses), net of expenses 659,409 Change in unrealized losses 1,593,859 Insurance premiums, net (399) Interest income from loans 47,155 Parish assessments 254,125 Other income 28,948 Departmental revenues 83,704 Net assets released from restrictions - -------------- Total revenues, gains, and other support 2,759,417 -------------- Expenses and program support: Program Services: Annual Catholic Appeal program support, grants and parish subsidies 171,316 Clergy Services 78,732 Catholic Schools 36,182 Pastoral Services 55,216 Evangelization Services 52,948 Public Services 8,569 Tribunal Services 19,958 Deposit and loan interest 208,624 Insurance program 1,351,421 Cemetery operating expenses 72,015 High School grants/charitable annuities 10,596 Other program expenses 54,309 -------------- Total program services 2,119,886 -------------- Supporting Services: Archbishop, Vicar General and Chancellor Services 63,337 Finance & Administration: Resource Development 82,201 Business Affairs 9,920 Financial Services 51,350 Human Resources 28,703 Shared Services 23,436 Occupancy and physical plant expenses 8,865 Designated funds expense (61,331) Bankruptcy expense 274 Depreciation expense - -------------- Total supporting services 206,755 -------------- Total expenses and program support 2,326,641 -------------- Increase (decrease) in net assets before transfers and designations of net assets 432,776 Fund transfers - in (out) - Designation of net assets - -------------- Increase (decrease) in net assets 432,776 Net assets at beginning of year 72,068,322 -------------- Net assets at end of year $72,501,098 ============== The Archdiocese of Portland in Oregon filed for chapter 11 protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004. Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman Shank LLP, represent the Portland Archdiocese in its restructuring efforts. In its Schedules of Assets and Liabilities filed with the Court on July 30, 2004, the Portland Archdiocese reports $19,251,558 in assets and $373,015,566 in liabilities. (Catholic Church Bankruptcy News, Issue No. 44; Bankruptcy Creditors' Service, Inc., 215/945-7000) CATHOLIC CHURCH: Portland's August 2005 Monthly Operating Report ---------------------------------------------------------------- Pastoral Center Archdiocese of Portland in Oregon Statement of Financial Position As of August 31, 2005 ASSETS Cash and cash equivalents $13,415,470 Accounts receivable, net 7,714,714 Notes, estates and other receivables 12,822,096 Loans receivable from Archdiocesan entities, net 9,587,859 Loans receivable from Archdiocesan housing entities 523,353 Interest receivable and other assets 236,294 Inventories 1,486,260 Real Property 226,688 Deposits and prepaid expenses 27,064 Investments 93,249,328 Advances to Archdiocesan housing entities 1,640,000 Land, buildings, and equipment, net 7,733,994 -------------- Total Assets $148,663,120 ============== LIABILITIES AND NET ASSETS Liabilities: Prepetition Accounts payable $822,302 Accrued liabilities 2,222,268 Funds held for others Second Collections (11) Short-term investments payable 17,363,891 Long-term pool investments payable 19,538,823 Reserve for insurance claims 2,343,946 Notes payable 11,084,874 Pre-need liability and reserve 456,268 Accrued post-retirement liability 7,607,264 -------------- Total Prepetition Liabilities 61,439,625 -------------- Postpetition Accounts payable 551,888 Accrued liabilities 2,234,495 Funds held for others Second Collections 131,172 Short-term investments payable 2,119,540 Long-term pool investments 3,015,918 Reserve for insurance claims (15,922) Notes payable - Pre-need liability and reserve 27,702 Accrued post-retirement liability 404,521 -------------- Total Postpetition Liabilities 8,469,314 -------------- Total Liabilities 69,908,939 -------------- Net Assets: Prepetition Net Assets: Charitable Trust Assets 69,687,085 Other Assets (3,254,859) -------------- Total Prepetition Net Assets 66,432,226 -------------- Postpetition Net Assets: Charitable Trust Assets 4,480,700 Other Assets 7,841,255 -------------- Total Postpetition Net Assets 12,321,955 -------------- Total Net Assets 78,754,181 -------------- Total liabilities & net assets $148,663,120 ============== Pastoral Center Archdiocese of Portland in Oregon Statement of Activities For the month ending August 31, 2005 Revenues, gains and other support Annual Catholic Appeal income $33,588 Gross profit on cemetery sales 49,548 Contributions, gifts, annuities and bequests 17,384 Operating support - Oregon Catholic Press - Investment income and realized gains (losses), net of expenses 736,641 Change in unrealized losses (802,018) Insurance premiums, net 7,622,065 Interest income from loans 46,413 Parish assessments 253,089 Other income 65,272 Departmental revenues 59,499 Net assets released from restrictions - -------------- Total revenues, gains, and other support 8,081,481 -------------- Expenses and program support: Program Services: Annual Catholic Appeal program support, grants and parish subsidies 147,317 Clergy Services 67,721 Catholic Schools 43,082 Pastoral Services 92,828 Evangelization Services 72,008 Public Services 12,144 Tribunal Services 24,408 Deposit and loan interest 53,633 Insurance program 185,607 Cemetery operating expenses 113,080 High School grants/charitable annuities 7,016 Other program expenses 182,744 -------------- Total program services 1,001,588 -------------- Supporting Services: Archbishop, Vicar General and Chancellor Services 57,946 Finance & Administration: Resource Development 71,589 Business Affairs 12,701 Financial Services 178,107 Human Resources 37,185 Shared Services 120,308 Occupancy and physical plant expenses 44,724 Designated funds expense 12,131 Bankruptcy expense 292,119 Depreciation expense - -------------- Total supporting services 826,810 -------------- Total expenses and program support 1,828,398 -------------- Increase (decrease) in net assets before transfers and designations of net assets 6,253,083 Fund transfers - in (out) - Designation of net assets - -------------- Increase (decrease) in net assets 6,253,083 Net assets at beginning of year 72,501,098 -------------- Net assets at end of year $78,754,181 ============== Archdiocese of Portland in Oregon Statement of Cash Receipts and Disbursements For the month ending August 31, 2005 Beginning Cash Balance: $15,537,567 Add: Transfers in 291,129 Receipts Deposited 1,915,340 Other (Return of Direct Deposits) - Other (Interest Income) 38,044 -------------- Total Cash Receipts 2,244,512 Subtract: Transfers out (291,129) Disbursements by check or debit (2,074,600) Cash withdrawn - Other (Service Charges) (855) Other (Misc Check Correction) - Other (NSF Checks) (26) Other (Clear Interfund Rec/Pay) - -------------- Total Cash Disbursements (2,366,610) -------------- Ending Cash Balance $13,415,469 ============== The Archdiocese of Portland in Oregon filed for chapter 11 protection (Bankr. Ore. Case No. 04-37154) on July 6, 2004. Thomas W. Stilley, Esq., and William N. Stiles, Esq., at Sussman Shank LLP, represent the Portland Archdiocese in its restructuring efforts. In its Schedules of Assets and Liabilities filed with the Court on July 30, 2004, the Portland Archdiocese reports $19,251,558 in assets and $373,015,566 in liabilities. (Catholic Church Bankruptcy News, Issue No. 44; Bankruptcy Creditors' Service, Inc., 215/945-7000) CATHOLIC CHURCH: Spokane's August 2005 Monthly Operating Report --------------------------------------------------------------- Catholic Diocese of Spokane Balance Sheet As of August 31, 2005 ASSETS Total Cash Accounts $2,942,059 Total Investments 3,875,126 Total Property 495,004 Total Loans Receivable 3,004,128 Total Interfund Loan Receivable 396,887 Total Accounts Receivable 94,780 Total Land and Buildings & Equip 2,474,977 Total Prepaid Expenses 37,897 -------------- Total Assets $13,320,858 ============== LIABILITIES AND NET ASSETS Liabilities Total Deposits Payable 6,171,475 Total Interest Payable 0 Total Accounts Payable (5,895) Net Assets Total Unrestricted - Fund Balance (5,559,523) Total Unrestricted Net Assets (5,559,523) T.R. - Guse Grant Funds 183,205 Total Replacement Fund 10,074,415 Total Diocesan D&L Funding 2,176,115 Total Guatemala Funds 594,271 Temporarily Restricted (80) -------------- Total liabilities & net assets $13,450,858 ============== Catholic Diocese of Spokane Income and Expense Statement For the month ending August 31, 2005 Total Income $187,769 Total Expenses 417,444 -------------- Net Excess or Deficit $229,674 ============== Catholic Diocese of Spokane Statement of Cash Receipts and Disbursements August 1, 2005 to August 31, 2005 Total Cash Receipts $285,856 Total Cash Disbursements ($486,636) A full-text copy of the Diocese of Spokane's August 2005 monthly operating report is available for free at: http://bankrupt.com/misc/August_MOR.pdf The Roman Catholic Church of the Diocese of Spokane filed for chapter 11 protection (Bankr. E.D. Wash. Case No. 04-08822) on Dec. 6, 2004. Michael J. Paukert, Esq., at Paine, Hamblen, Coffin, Brooke & Miller, LLP, represents the Spokane Diocese in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed $11,162,938 in total assets and $81,364,055 in total debts. (Catholic Church Bankruptcy News, Issue No. 44; Bankruptcy Creditors' Service, Inc., 215/945-7000) CATHOLIC CHURCH: Tucson's August 2005 Monthly Operating Report -------------------------------------------------------------- The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole (Unaudited) Statement of Financial Condition As of August 31, 2005 ASSETS Total Diocese-Owned ----- ------------- Cash on hand $1,500 $1,500 Cash in Banks 5,916,627 5,585,230 Cash Equivalents 5,486,757 4,152,633 Accounts receivable, net 1,633,555 1,633,555 Allowance for doubtful accounts (1,220,739) (1,220,739) Grants receivable 185,250 185,250 Pledges receivable 6,000 6,000 A/R held in trust for others 62,858 0 Due from administered funds 74,865 74,865 Prepaid expenses & other assets 168,460 168,460 Investments in businesses 3,838,198 3,588,198 Corp. & Gov't. bond investments 175,905 125,905 Investment in BPIC 80,850 80,850 Notes receivable, net 2,063,444 285,116 Allowance for doubtful notes receivable (323,878) 0 Assets securing 2002 settlement 3,003,674 3,003,674 Construction in progress 48,867 48,867 Land, buildings, and equipment 248,176 248,176 Land held for future parish sites 0 0 -------------- -------------- $21,450,369 $17,967,540 ============== ============== LIABILITIES AND NET ASSETS Liabilities: Accounts payable - post 1,103,692 1,103,692 Accounts payable - pre 43,255 43,255 Accrued expenses - post 43,459 43,459 Accrued expenses - pre 157,682 157,682 Interfunds payable 74,865 0 Accrued insurance claims 259,805 259,805 Deferred revenue 0 0 Unsecured long-term debt - pre 2,061,455 2,061,455 Unsecured long-term debt - post 100,000 100,000 Unrestricted parish deposits 6,963,934 6,962,867 Restricted parish deposits 2,723,527 0 Secured long-term debt 2,704,981 2,704,981 Custodial funds 683,370 0 -------------- -------------- Total Liabilities 16,920,025 13,437,196 -------------- -------------- Net Assets: Unrestricted/temporarily restricted 2,621,456 2,621,456 Permanently restricted 1,908,888 1,908,888 -------------- -------------- Total liabilities & net assets $21,450,369 $17,967,540 ============== ============== The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole Statement of Operations and Charges in Net Assets August 1, 2005 through August 31, 2005 Revenues Contributions, grants and bequests $524,241 Chancery assessment 117,386 Priests salary subsidy 15,424 Fees for services 44,212 Advertising revenue 6,374 Rental Income (169) Insurance 38,704 Investment Income 38,659 Gain/(loss) on assets sold 1,225,191 Miscellaneous 1,192 -------------- Total Support & Revenue 2,011,214 Expense Program Services: Archives 2,642 Catholic Commitments & Social Services 689 Evangelization & Hispanic Ministry 7,200 Catechesis Office 7,996 Formation Office 9,112 Department of Catholic Schools 37,382 Clergy, religious & seminarian advancement 31,067 Parish Assistance 22,651 Catholic Social Mission 4,555 Supporting Services: Office of Bishop Emeritus 7,643 Offices of the Bishop, et al. 36,647 Office of Women Religious 1,244 General & Administrative 30,384 Fiscal & Employee Services 42,507 Office of Child, Adolescent, et al. Protection 9,376 Communications & Community Relations 16,292 Property Management 14,981 Insurance Administration 30,668 Reorganization 78,169 Imputed interest on settlement 15,046 Provision for doubtful accounts 4,167 Depreciation 3,845 -------------- Total Expenses 414,263 -------------- Excess (deficiency) of revenues over expenses $1,596,951 ============== The Roman Catholic Church of the Diocese of Tucson an Arizona Corporation Sole Current Month's Receipts and Disbursements August 1, 2005 through August 31, 2005 Cash and Bank Balance: Beginning of Month $3,784,603 Receipts Cash Sales 763,563 Accounts Receivable -- Prepetition 62,500 Accounts Receivable -- Postpetition 181,611 Interest 11,961 Sale of Assets 1,400,000 Transfers in from other accounts 114,661 Other -- Custodial Funds 0 Other -- Payroll Reimbursements 0 Credit Adjustments 1,621 -------------- Total Receipts 2,535,916 Disbursements: Business -- Ordinary Operations 358,777 Capital Improvements 0 Prepetition Debt 0 Transfers to other DIP Accounts 114,536 Other -- Custodial Funds 15,147 Other -- TRF to Wells Fargo Investment 0 Other -- Payroll Reimbursement 0 Reorganization Expenses: Attorney Fees 245,416 Accountant Fees 0 Other Professional Fees 0 Other (Advertising) 1,413 U.S. Trustee Quarterly Fee 0 Court Costs 0 -------------- Total Disbursements 735,289 -------------- Cash & Bank Balance -- End of Month $5,585,230 ============== The Roman Catholic Church of the Diocese of Tucson filed for chapter 11 protection (Bankr. D. Ariz. Case No. 04-04721) on September 20, 2004, and delivered a plan of reorganization to the Court on the same day. Susan G. Boswell, Esq., Kasey C. Nye, Esq., at Quarles & Brady Streich Lang LLP, represent the Tucson Diocese. (Catholic Church Bankruptcy News, Issue No. 44 Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Earns $20 Million of Net Income in August 2005 ---------------------------------------------------------------- Collins & Aikman Corporation Balance Sheet As of August 31, 2005 ASSETS Current assets: Cash $29,863,213 Accounts receivable 64,935,957 Other non-trade receivables 6,025,757 Inventories, net 119,627,564 Tooling and molding, net - current 62,404,267 Prepaids & other current assets 68,701,639 Deferred tax assets - current (87,825) --------------- Total current assets 351,470,573 Investment in subsidiaries 2,413,759,758 Fixed assets, net 359,997,127 Goodwill, net 978,554,071 Deferred tax assets - long term 25,938,826 Tooling and molding, net-long term 13,815,828 Other noncurrent assets 98,833,871 Intercompany assets 162,944,243 PP IC accounts receivable 699,188,114 --------------- TOTAL ASSETS $5,104,502,411 =============== LIABILITIES & EQUITY Current liabilities: Notes payable $0 Short term borrowings 0 Advance on receivables 0 Current portion - long term debt 90,000,000 Current portion - capital leases (160,943) Accounts payable 48,126,508 Accrued interest payable 5,413,242 Accrued & other liabilities 76,263,509 Income taxes payable (4,447,856) --------------- Total current liabilities 215,194,459 Liabilities subject to compromise 2010 - A/P - trade - prepetition 201,712,056 2014 - A/P - rec'd - not invoiced prepetition 7,085,323 2030 - A/P - prepetition other (41,223,413) 2071 - A/P - tooling 49,476,413 2072 - A/P - capital 1,848,168 2210 - PP Accrued liabilities 99,570,975 2215 - PP Accrued local property tax 1,203,440 2220 - PP Accrued sales & use tax (329,577) 2225 - PP Environmental reserve 34,213,880 2235 - PP restructuring reserve 14,614,954 2240 - PP long term debt 1,587,697,736 2245 - PP Capital leases 609,224 Long Term Debt 146,704,000 Deferred income taxes 20,831,599 Preferred stock of Products Co. 222,875,520 Other noncurrent liabilities 142,585,832 --------------- Total liabilities subject to compromise 2,489,476,456 --------------- Total Liabilities 2,704,670,915 Total Equity 2,399,831,496 --------------- TOTAL LIABILITIES & EQUITY $5,104,502,411 =============== Collins & Aikman Corporation Income Statement Month Ended August 31, 2005 Net outside sales $202,343,768 I/D Net sales 6,817,881 I/G Net sales 2,111,682 --------------- Total sales 211,273,330 Cost of sales 165,342,543 --------------- Gross profit 45,930,787 Selling, general & administrative expense 17,911,181 --------------- Operating income 28,019,606 Interest expenses 13,270,147 Intercompany interest, net (3,349,870) Preferred stock accretion 0 Miscellaneous (income)/expense 0 Corporate allocation adjustment 0 Commission income (125,618) Royalty income (365,007) Royalty expense 0 Income from invest in JV 0 Minority interest in cons net income 0 Dividend income 0 Discount/Income for Carcorp. 2,592 Gain/(Loss) early extinguishments of debt 0 Discount/Premium on hedges 0 (Gain)/Loss on hedges 0 (Gain)/Loss on swaps 0 NAAIS Intercompany sales profit 0 Loss on sale of receivables 0 Restructuring provision 0 Foreign transactions - (Gain)/Loss (883,611) Amount of discount on NPV of liabilities 0 (Gain)/Loss on sale - leaseback transaction 0 --------------- Income from continuing operations before taxes 19,470,973 Federal income tax (730,009) State income tax 0 Foreign income tax 16,749 --------------- Income from continuing operations 20,184,233 Discontinued operations (27,501) Gain/Loss on sale of divisions 0 Extraordinary items 0 Integration 0 --------------- NET INCOME $20,211,735 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Automotive Int'l's Schedules of Assets & Debts ---------------------------------------------------------------- A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,626,751,359 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Automotive Int'l Services Files Schedules ----------------------------------------------------------- A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable Intercompany from: C&A Automotive Exteriors, Inc., 5,494,695 Textron Automotive BV (Netherlands) 1,279,209 TOTAL SCHEDULED ASSETS $6,773,905 =========== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 The Chase Manhattan Bank unknown E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A Products Co. 5,862,322 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,632,613,681 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Automotive Overseas' Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,626,751,359 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Automotive Services' Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,626,751,359 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: C&A Automotive Mats' Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown TOTAL SCHEDULED ASSETS $0 ===== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 The Chase Manhattan Bank unknown E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,626,751,359 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: C&A Intellimold's Schedules of Assets & Debts --------------------------------------------------------------- A. Real Property $0 B. Personal Property B.1 Cash on Hand 3,094 B.2 Bank Account 0 B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable Intercompany Becker Group, LLC 168,433 C&A Holdings, S.A. de CV (Mex) 135,893 C&A Products Co. Intercompany 2,331,803 Textron Sa de CV ( Mex) 105,700 Trade Accounts Receivable 315,966 B.26 Office Equipment Altila, Inc., Computer software 13,633 Autodesk powerpak 1,469 Boardfax 5,432 Conference room table 5,777 Display units in main conference room 75,806 Plasma screen 6,974 Sanyo projector 3,396 B.33 Others 78,811 TOTAL SCHEDULED ASSETS $3,252,187 =========== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,627,452,425 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: C&A International's Schedules of Assets & Debts ----------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank Account 1,409 B.3 Security Deposits 442 B.9 Insurance Policy Interests unknown B.12 Stock Interests Investment in C&A Europe 123,793,641 Investment in C&A Europe (3,695,000) Investment in Mexico 47,727,353 Investment in Mexico (3,695,000) Others unknown B.15 Accounts Receivable C&A Europe, Inc., Intercompany 42,758,276 C&A Products Co., Intercompany 161,810,844 C&A Properties, Inc., Intercompany 750 TOTAL SCHEDULED ASSETS $368,702,715 ============= C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 Hopkins Services, Inc. 55,572,095 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,682,323,454 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: C&A Properties' Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property $0 B. Personal Property B.2 Bank Account 690 B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable 157,074,130 B.33 Others 111,252 TOTAL SCHEDULED ASSETS $157,186,071 ============= C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A International Corp. 750 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,626,752,109 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Gamble Development's Schedules of Assets & Debts ------------------------------------------------------------------ A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable 652 TOTAL SCHEDULED ASSETS $652 ======== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A Products Co. 1,831,073 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,629,062,885 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: JPS Automotive's Schedules of Assets & Debts -------------------------------------------------------------- A. Real Property $0 45 acres w/ in Americus, Georgia 865,438 48.85 acres in Evart, Michigan 1,269,515 B. Personal Property B.1 Cash on Hand 4,000 B.2 Bank Account 15,830 B.3 Security Deposits Comed 7,523 Consumers Energy 41,460 DHGC Investments 17,167 B.9 Insurance Policy Interests unknown B.11 Interest in Retirement Plans 373,667 B.12 Stock Interests unknown B.15 Accounts Receivable Becker Group, LLC 6,813,407 C&A Accessory Mats, Inc. 4,006,820 C&A Automotive Exteriors, Inc. 298,663,993 C&A Automotive Interiors, Inc. 29,577,785 C&A Automotive Sys GmbH 112,022 C&A Carpet & Acoustics (MI) Inc. 1,729 C&A de Mexico Intercompany 66,462 C&A Holdings, S.A. de CV (Mex) 4,614 C&A Plastics, Inc. 54,043 Carcorp, Inc. 18,889,945 Southwest Laminates, Inc. 5,831 Trade Receivables 15,825 B.17 Other Liquidated Debts Basf Rebate 314,795 DCX HB Issues 195,014 DCX C Order 200 Dow Rebate 45,000 GST Reclaim 49,578 MSC Rebate 15,000 Prepaid - All Other 852,850 Prepaid - Payroll 1,404,547 Prepaid Rent 34,000 Prepaid - Rents 93,618 Prepaid - Taxes 2,776,854 Other Prepaids 13,033 Sale Of Scrap - Accrual 32,940 Travel Advances 601 B.21 Intellectual Property unknown B.23 Vehicles and Accessories 3,949 B.26 Office Equipment CIP 31,771 Computer Equipment 87,502 Furniture & Fixtures 92,211 B.27 Machinery CIP Fascia Assembly Equipment 1,999,064 Machinery & Equipment 38,056,962 Tooling 1,447,686 B.28 Inventory Finished Goods 2,753,441 Raw Material 6,141,247 Work In Progress 1,691,560 B.33 Others Building & Other Assets 11,532,342 CIP 1,440,498 Prepaid Crib Supplies 1,054,956 Prepaid Rent 93,618 Sales leaseback loss 920,477 Supplies Inventory 1,738,635 TOTAL SCHEDULED ASSETS $435,721,024 ============= C. Property Claimed as Exempt Not applicable D. Secured Claims Carcorp, Inc. unknown General Electric Capital Corporation unknown Internal Revenue Service unknown JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 The Chase Manhattan Bank unknown E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A Automotive Canada Co. 1,881,985 C&A Fabrics, Inc. 1,466,729 C&A Products Co. 236,262,166 JPMorgan Chase Bank NA unknown Others 16,784,112 TOTAL SCHEDULED LIABILITIES $1,883,146,351 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: New Baltimore Holdings Files Schedules -------------------------------------------------------- A. Real Property $0 B. Personal Property B.1 Cash on Hand 300 B.3 Security Deposits 14,331 B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable Intercompany Becker Group LLC 209,460 C&A Automotive Canada Co. 58,352 C&A Automotive Exteriors, Inc. 585,397 C&A Automotive Interiors, Inc. 1,597,685 JPS Automotive, Inc. 194 Owosso Thermal Forming, LLC 42,034 Trade Accounts Receivable 66,903 B.27 Machinery 839,884 TOTAL SCHEDULED ASSETS $3,414,540 =========== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 Air & Water Systems Inc. 4,157 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A Products Co. 5,187,171 JPMorgan Chase Bank NA unknown TOTAL SCHEDULED LIABILITIES $1,631,938,530 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Owosso Thermal's Schedules of Assets & Debts -------------------------------------------------------------- A. Real Property $0 B. Personal Property B.3 Security Deposits Electric deposit w/ Consumers Energy 25,115 Raw Material Deposit w/ EFC International 18,542 B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable Accounts Receivable 846,975 Intercompany from: C&A Automotive Exteriors 5,575,330 C&A Automotive Interiors 372,921 B.17 Other Liquidated Debts Prepaid Property Tax 33,781 Prepaid Rent 3,723 B.23 Vehicles and Accessories 0 B.26 Office Equipment 0 B.27 Machinery 3,497,881 B.28 Inventory 2,686,425 B.33 Others 26,140 TOTAL SCHEDULED ASSETS $13,086,833 ============ C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A Products, Inc. 12,410,751 JPMorgan Chase Bank NA unknown Others 1,935,164 TOTAL SCHEDULED LIABILITIES $1,641,097,274 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) COLLINS & AIKMAN: Wickes Manufacturing Files Schedules ------------------------------------------------------ A. Real Property $0 B. Personal Property B.9 Insurance Policy Interests unknown B.12 Stock Interests unknown B.15 Accounts Receivable 9,311,033 TOTAL SCHEDULED ASSETS $9,311,033 =========== C. Property Claimed as Exempt Not applicable D. Secured Claims JPMorgan Chase Bank NA $473,000,000 JPMorgan Chase Bank NA 108,800,000 JPMorgan Chase Bank NA 105,000,000 JPMorgan Chase Bank NA 3,378,337 JPMorgan Chase Bank NA 927,801 JPMorgan Chase Bank NA 575,828 E. Unsecured Priority Claims 0 F. Unsecured Non-Priority Claims BNY Midwest Trust Company 500,000,000 BNY Midwest Trust Company 400,900,000 BNY Midwest Trust Company 20,739,764 BNY Midwest Trust Company 13,429,629 C&A Products Co. 15,933,579 Gamble Development Company 652 JPMorgan Chase Bank NA unknown Potter Anderson & Corroon LLP 30,057 SAF Services Corp. 2,159,185 Wickes Asset Management, Inc. 104,253 TOTAL SCHEDULED LIABILITIES $1,644,979,085 =============== Headquartered in Troy, Michigan, Collins & Aikman Corporation -- http://www.collinsaikman.com/-- is a global leader in cockpit modules and automotive floor and acoustic systems and is a leading supplier of instrument panels, automotive fabric, plastic-based trim, and convertible top systems. The Company has a workforce of approximately 23,000 and a network of more than 100 technical centers, sales offices and manufacturing sites in 17 countries throughout the world. The Company and its debtor-affiliates filed for chapter 11 protection on May 17, 2005 (Bankr. E.D. Mich. Case No. 05-55927). When the Debtors filed for protection from their creditors, they listed $3,196,700,000 in total assets and $2,856,600,000 in total debts. (Collins & Aikman Bankruptcy News, Issue No. 15; Bankruptcy Creditors' Service, Inc., 215/945-7000) DELPHI CORP: June 30 Balance Sheet Upside-Down by $4.5 Billion -------------------------------------------------------------- DELPHI CORPORATION CONSOLIDATED BALANCE SHEET (Unaudited) As of June 30, 2005 ASSETS Current assets: Cash and cash equivalents $988,000,000 Accounts receivable, net: General Motors and affiliates 2,266,000,000 Other customers 2,461,000,000 Inventories, net: Productive material, work-in-process and supplies 1,326,000,000 Finished goods 543,000,000 Deferred income taxes 42,000,000 Prepaid expenses and other 325,000,000 --------------- Total current assets 7,951,000,000 --------------- Long-term assets: Property, net 5,721,000,000 Deferred income taxes 132,000,000 Goodwill 753,000,000 Other intangible assets 59,000,000 Pension intangible assets 1,044,000,000 Other 851,000,000 --------------- Total assets $16,511,000,000 =============== LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Notes payable and current portion of long-term debt $971,000,000 Accounts payable 3,568,000,000 Accrued liabilities 3,156,000,000 --------------- Total current liabilities 7,695,000,000 --------------- Long-term liabilities: Long-term debt 2,542,000,000 Junior subordinated notes due to Delphi Trust I and II 412,000,000 Pension benefits 2,740,000,000 Postretirement benefits other than pensions 6,598,000,000 Other 916,000,000 --------------- Total liabilities 20,903,000,000 --------------- Commitments and contingencies Minority interest 165,000,000 Stockholders' deficit: Common stock, $0.01 par value, 1,350 million shares authorized, 565 million shares issued in 2005 and 2004 6,000,000 Additional paid-in capital 2,670,000,000 Accumulated deficit (4,679,000,000) Minimum pension liability (2,460,000,000) Accumulated other comprehensive income (loss), excluding minimum pension liability (36,000,000) Treasury stock, at cost (3.6 million shares in 2005) (58,000,000) --------------- Total stockholders' deficit (4,557,000,000) --------------- Total liabilities and stockholders' deficit $16,511,000,000 =============== Headquartered in Troy, Michigan, Delphi Corp. -- http://www.delphi.com/-- is the single largest global supplier of vehicle electronics, transportation components, integrated systems and modules, and other electronic technology. The Company's technology and products are present in more than 75 million vehicles on the road worldwide. The Company filed for chapter 11 protection on Oct. 8, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-44481). John Wm. Butler Jr., Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represents the Debtors in their restructuring efforts. As of Aug. 31, 2005, the Debtors' balance sheet showed $17,098,734,530 in total assets and $22,166,280,476 in total debts. (Delphi Bankruptcy News, Issue No. 1; Bankruptcy Creditors' Service, Inc., 215/945-7000) INTERSTATE BAKERIES: Posts $5MM Net Loss for Period Ended Aug. 20 ----------------------------------------------------------------- Interstate Bakeries Corporation and Subsidiaries Unaudited Consolidated Monthly Operating Report Four Weeks Ended August 20, 2005 REVENUE Gross Income $239,485,121 Less Cost of Goods Sold Ingredients, Packaging, & Outside Purchasing 55,331,590 Direct & Indirect Labor 45,699,790 Overhead & Production Administration 13,963,602 ------------ Total Cost of Goods Sold 114,994,982 ------------ Gross Profit $124,490,139 ------------ OPERATING EXPENSES Owner-Draws/Salaries - Selling & Delivery Employee Salaries $59,047,607 Advertising and Marketing 3,117,926 Insurance (Property, Casualty, & Medical) 11,683,860 Payroll Taxes 4,976,779 Lease and Rent 4,166,832 Telephone and Utilities 1,190,555 Corporate Expense (Including Salaries) 2,314,958 Other Expenses 31,333,510 ------------ Total Operating Expenses $117,832,027 ------------ EBITDA $6,658,112 Restructuring & Reorganization Charges 4,257,889 Depreciation and Amortization 6,082,140 Other Income (29,351) Gain/Loss Sale of Property (464,366) Interest Expense 3,574,991 ------------ Operating Income (Loss) (6,763,191) Income Tax Expense (Benefit) (1,574,069) ------------ Net Income (Loss) ($5,189,122) ============ CURRENT ASSETS Accounts Receivable at end of period $153,604,596 Increase (Decrease) in Accounts Receivable (9,295,150) Inventory at end of period 66,395,707 Increase (Decrease) in Inventory for period 619,196 Cash at end of period 161,416,227 Increase (Decrease) in Cash for period 3,766,324 Restricted Cash 19,634,836 Increase (Dec.) in Restricted Cash for period 45,767 LIABILITIES Increase (Decrease) in Liabilities Not Subject to Compromise (37,219,566) Increase (Decrease) in Liabilities Subject to Compromise 32,779,331 Taxes payable: Federal Payroll Taxes 11,725,956 State/Local Payroll Taxes 3,572,868 State Sales Taxes 1,037,131 Real Estate and Personal Property Taxes 17,021,516 Other 5,374,455 ------------ Total Taxes Payable $38,731,926 ============ The Company and seven of its debtor-affiliates filed for chapter 11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No. 04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $1,626,425,000 in total assets and $1,321,713,000 (excluding the $100,000,000 issue of 6.0% senior subordinated convertible notes due August 15, 2014, on August 12, 2004) in total debts. (Interstate Bakeries Bankruptcy News, Issue No. 30; Bankruptcy Creditors' Service, Inc., 215/945-7000) KAISER ALUMINUM: Earns $6.76 Million of Net Income in August 2005 ----------------------------------------------------------------- Kaiser Aluminum Corporation -- All Debtors Unaudited Statements of Operations For the Month Ending August 31, 2005 (In Thousands) Net Sales $95,614 Costs and expenses: Cost of products sold 81,826 Depreciation & amortization 1,639 Selling, administrative, R&D and general 5,252 Other operating charges (benefits), net (40) --------- Total costs and expenses 88,677 --------- Operating income (loss) 6,937 Other income (expense): Interest expenses, net (354) Reorganization items (65) Other-net 407 --------- Income (loss) before income taxes and minority interest 6,925 (Provision) benefit for income taxes (269) Minority interests - Equity in income (loss) of subsidiaries (104) --------- Net income (loss) $6,760 ========= Kaiser Aluminum Corporation -- All Debtors Schedule of Consolidated Cash Receipts and Disbursements For the Month Ending August 31, 2005 (In Thousands) Receipts: Trade Receivables KACC Receivables $76,247 KAII Receivables 22,579 --------- Total Trade Receivables 98,826 Proceeds from Asset Sales - Return of collateral for B of A Letters of Credit 1,446 Asbestos insurance recoveries 661 COBRA receipts 778 Proceeds from Hedging Settlement 843 --------- Total Receipts $102,554 Disbursements: Inventory/Raw Materials 33,476 Capital Expenditures 4,060 QAL Disposition Related Payments 3,309 Maintenance, Materials, etc. 3,670 Freight 5,130 Utilities/Energy 4,695 Hourly Payroll 6,331 Salaried Payroll 3,821 Hedging Activities 241 Pension Contributions - VEBA Advances 1,900 Medical - Current Employees 2,888 Workmen's Compensation 461 Corporate General and Administrative 3,934 JV Fundings - Primary, Net of Minority Interest 11,670 Other Disbursements 5,919 --------- Total Operating and G&A Disbursements 91,505 Reorganization Items 2,944 --------- Total Disbursements $94,449 --------- Net Cash Flow 8,105 Beginning Bank Cash Balances 49,001 --------- Ending Bank Cash Balances 57,106 Reconciling Items 91 --------- Ending Book Cash Balances $57,197 ========= Kaiser Aluminum Corporation delivered an illegible copy of its unaudited balance sheet to the Bankruptcy Court Clerk. Kaiser reports over $2,000,000,000 in total assets, including approximately $270,000,000 in cash, receivables and inventories, as of August 31, 2005. Kaiser posted almost $4,000,000,000 in total liabilities, including almost $200,000,000 in accounts payable and accrued wages and related expenses. A full-text copy of the Debtors' Monthly Operating Report for the period ending August 31, 2005, is available at no charge at http://ResearchArchives.com/t/s?257 Headquartered in Foothill Ranch, California, Kaiser Aluminum Corporation -- http://www.kaiseraluminum.com/-- is a leading producer of fabricated aluminum products for aerospace and high- strength, general engineering, automotive, and custom industrial applications. The Company filed for chapter 11 protection on February 12, 2002 (Bankr. Del. Case No. 02-10429), and has sold off a number of its commodity businesses during course of its cases. 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. 80; Bankruptcy Creditors' Service, Inc., 215/945-7000) NEWPOWER HOLDINGS: Files August 2005 Monthly Operating Report ------------------------------------------------------------- On Oct. 4, 2005, NewPower Holdings, Inc., filed its August 2005 Monthly Operating Report for the period from July 31, 2005, to Aug. 31, 2005, with the U.S. Bankruptcy Court for the Northern District of Georgia, Newnan Division. The company reports an opening cash balance of $52,279,000 and a closing cash balance of $52,108,000. A full-text copy of NewPower Holdings, Inc.'s Monthly Operating Report for the period from July 31, 2005, to Aug. 31, 2005, is available at no charge at http://ResearchArchives.com/t/s?248 NewPower Holdings, Inc., and its debtor-affiliates filed for chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836). Paul K. Ferdinands, Esq., at King & Spalding and William M. Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the Debtors. When the Debtors filed for chapter 11 protection, they reported $231,837,000 in assets and $87,936,000 in debts. On Aug. 15, 2003, the United States Bankruptcy Court for the Northern District of Georgia, Newnan Division, confirmed the Second Amended Chapter 11 Plan with respect to NewPower Holdings, Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the Company. On Feb. 28, 2003, the Bankruptcy Court previously confirmed the Plan, and the Plan has been effective as of March 11, 2003, with respect to The New Power Company, a wholly owned subsidiary of the Company. The Plan became effective on Oct. 9, 2003, with respect to the Company and TNPC. ROBOTIC VISION: Posts $1 Million Net Loss in August 2005 -------------------------------------------------------- On Oct. 3, 2005, Robotic Vision Systems, Inc., nka Acuity Cimatrix, Inc., delivered a copy of its August 2005 monthly operating report to the U.S. Securities and Exchange Commission. Robotic Vision reported a $1,038,000 net loss on $1,757,000 of net sales for the month ending Aug. 31, 2005. At Aug. 31, 2005, Robotic Vision's balance sheet showed: Total Current Assets $6,366,000 Total Assets 26,076,000 Total Liabilities Subject to Compromise (163,022,000) Total Liabilities (162,297,000) Shareholders' Equity $188,373,000 A full-text copy of Robotic Vision Systems, Inc.'s August 2005 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?249 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. SAINT VINCENTS: Posts $16 Million Net Loss in August 2005 --------------------------------------------------------- SVCMC Debtors Unaudited Consolidated Balance Sheet As of August 31, 2005 ASSETS Cash & Cash Equivalents $17,491,642 Investments 1,077,793 Patients Accounts Receivable, less allowance for doubtful accounts 196,742,685 Accounts Receivable 35,232,846 Other Current Assets 40,755,000 -------------- Total Current Assets 291,299,966 Depreciation Reserve Funds & Collaterized Assets 90,680,880 Assets Designated for Self-Insurance Investments at Market 47,933,920 Assets whose use is limited - Investments at Market 62,688,721 Other Non-Current Assets 11,897,310 Land, Buildings & Equipment, net of Accumulated Depreciation 292,702,047 -------------- Total Assets $797,202,844 ============== LIABILITIES AND NET ASSETS Liabilities Subject to Compromise: HFG Loan $15,937,000 Accounts Payable & Accrued Expenses 233,679,784 Estimated Retroactive Payables to Third Parties, net 92,237,683 Long-term Debt 329,806,278 Long-term Debt, excluding current installments 9,651,549 Estimated Liability for Self-Insurance 143,636,241 Other Liabilities 93,747,521 -------------- Total Liabilities Subject to Compromise 918,696,056 Liabilities Not Subject to Compromise: Accrued Salaries & Payroll Taxes Withheld 63,846,577 Accounts Payables & Accrued Expenses 39,509,291 -------------- Total Liabilities 1,022,051,924 Net Assets: Unrestricted (279,956,455) Temporarily Restricted 30,676,375 Permanently Restricted 24,431,000 -------------- Total Net Assets (224,849,080) -------------- Total Liabilities & Net Assets $797,202,844 ============== SVCMC Debtors Unaudited Consolidated Income Statement From August 1 to August 31, 2005 Operating Revenue Inpatient $67,300,048 Outpatient 31,207,231 Patient Service Revenue 98,507,279 Less Provision for Bad Debt 11,266,243 Net Patient Service Revenue 87,241,036 Pool Revenue 5,741,487 Capitation 8,177,620 Other 8,800,538 -------------- Total Operating Revenue 109,960,682 Operating Expenses: Salaries and Wages 52,942,031 Fringe Benefits 14,644,364 Supplies and Other 36,211,204 Insurance 4,264,135 -------------- Total Direct Operating Costs 108,061,734 Salaries and Wages 2,843,618 Fringe Benefits 803,389 Supplies and Other 6,472,593 -------------- Total Corporate Allocated 10,119,601 -------------- Total Operating Expense 118,181,335 -------------- Interest 2,335,586 Depreciation 3,822,981 -------------- Operating Gain (Loss) Before Non-Recurring and/or Unusual Items (14,379,220) Non-Recurring and/or Unusual Items: St. Mary's Op Pac Rate Adjustment - ZBEC/HFE Recoveries 321,661 Restructuring & Bankruptcy Related Costs (2,095,053) -------------- Total Non-Recurring and/or Unusual Items (1,773,392) -------------- Operating Gain (Loss) After Non-Recurring and/or Unusual Items (16,152,612) -------------- Non-Operating Revenue 36,346 Change in Temporary Restricted Net Assets (123,052) -------------- Change in Net Assets ($16,239,318) -------------- EBITDA ($8,220,653) ============== SVCMC Debtors Unaudited Statement of Cash Flows From August 1 to August 31, 2005 Cash Flows from Operation Activities: Changes in Net Assets ($16,239,318) Adjustments to Reconcile Changes in Net Assets to Net Cash Provided by Operating Activities: Change in Net Assets from July 1 to July 4, 2005 - Depreciation & Amortization 3,820,966 Change in Unrealized Gains & Losses (1,058,000) Change in Patient's Accounts Receivable 16,534,881 Change in Accounts Receivables, Other (738,297) Change in Prepaid Expenses & Other 1,290,000 Change in Other Non-Current Assets 20,722 Change in Accounts Payable & Accrued Exp-Prepetition (854,687) Change in Accounts Payable & Accrued Exp-Postpetition 9,941,874 Change in Accrued Salaries & P/R Taxes 4,859,877 Change in Est. Retro rec/pay from/to third parties (6,488,890) Change in Est. Liability for self-insurance 2,723,725 Change in Other Non-Current Liabilities 1,510,975 -------------- Net Cash Provided by Operating Activities 15,323,827 Cash flows From Investment Activities: Sale of Investments, Net 7,264,913 (Purchase) of Assets Whose Use is Limited 1,305,157 Acquisition/Sale of Land, Building, & Equipment (728,953) -------------- Net Cash Provided by Investing Activities 7,841,118 Cash flows From Financing Activities: Proceeds/Repayment From/of Working Capital Loan 1,813,000 Repayment of Long-term debt (8,569,993) Net Cash (Used) in Financing Activities (6,756,993) Net Increase (Decrease) in Cash & Cash Equivalents 16,407,952 Cash & Cash Equivalents at Beginning of Month 1,083,690 -------------- Cash & Cash Equivalents at End of the Month $17,491,642 ============== Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: Files Schedules of Assets And Liabilities --------------------------------------------------------- A. Real Property Bayley Seton Campus $25,000,000 Martin Payne 30,600,000 Mary Immaculate Hospital And St. John's Queens Hospital 45,500,000 O'Toole 35,000,000 Parsons Manor 7,890,000 Powell Street Methadone Program 1,800,000 Prospect Place 1,490,000 Shevlin Hall 4,000,000 St. Dominic's Family Health Center 1,950,000 St. John's Queens Parking Garage 4,300,000 St. Mary's Hospital 20,500,000 St. Vincent Commercial Rental Bldg. 2,450,000 Staff House 58,000,000 SV Manhattan Including Air Rights 238,640,000 SV Staten Island 14,000,000 SVSI Residence Building 1,550,000 Westchester Buildings/Campus 49,100,000 Westchester Land 23,100,000 Others 5,187,000 B. Personal Property B.1 Cash on Hand 0 B.2 Bank Account 5,946,164 B.3 Security Deposits Prepaid -- Insurance 8,745,486 Prepaid -- Other 1,306,876 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 0 B.10 Annuities 0 B.11 Interests in retirement plans 0 B.12 Stock interests Assets whose use is limited 23,855,524 Depreciation Reserve Fund 99,731,389 Investments 8,936,781 Self-Insurance 45,220,932 B.13 Interests in partnerships or joint venture 0 B.14 Bonds 0 B.15 Accounts receivable Grant Accounts Receivable 13,636,091 Other Accounts Receivable 31,098,535 Patient Accounts Receivable 219,670,635 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 0 B.22 Other intangibles 0 B.23 Automobiles 48,962,844 B.24 Boats 0 B.25 Aircraft 0 B.26 Office equipment and supplies 12,240,711 B.27 Machinery, furniture and fixtures 61,203,555 B.28 Inventory 12,151,733 B.29 Animals 0 B.30 Crops 0 B.31 Farming equipment 0 B.32 Farm supplies 0 B.33 Other personal property 925,056 TOTAL SCHEDULED ASSETS $1,163,689,312 =============== C. Property Claimed as Exempt Not Applicable D. Secured Claims DASNY/HUD $188,420,000 Commerce 49,970,000 HFG 28,710,000 HSBC 4,285,000 PCDC 6,215,000 RCG 15,150,000 Sun Life 78,320,000 Staten Island Savings Bank 300,096 E. Unsecured Priority Claims Unliquidated F. Unsecured Non-Priority Claims 1199 SEIU Benefits Fund 7,764,345 1199 SEIU Pension Fund 2,274,713 1199 SEIU Training & Upgrading 262,997 2005 Public Goods Pool 1,111,982 Accent 259,202 Access Nursing Services 2,112,430 Aides at Home Inc. 1,114,462 Alcon Laboratories Inc. 216,741 Allen Health Care Services 503,736 Allied Health Service Inc. 225,582 American Express 12,805,787 American International Group 1,008,630 American Mobile Healthcare Inc. 213,079 Amerisource Bergen Receivables 6,777,900 Aramark Corporation 3,107,130 Aramark Service Master 1,487,037 Baxter Healthcare Corp. 1,240,042 Bayer Diagnostics 234,918 Bayer Healthcare LLC 205,410 Beckman Coulter Inc 307,105 Bernard Hodes Group Inc. 297,257 Bestcare Inc. 1,589,308 Biomet Inc 221,957 Boston Scientific Scimed 1,259,913 Boston Sientific Medi Tech 525,306 Cardinal Health Medical Prod and Serv 2,304,924 Cerner DHT Inc. 377,351 Citicorp Leasing Inc. 281,120 Columbia University 210,621 Community Home Care Referral 356,624 Computer Credit Inc 266,168 Computer Sciences Corp. 11,720,145 Con Edison 1,165,201 Constellation Newenergy Inc. 1,844,665 Cook Medical Incorporated 309,446 Corporate Express 613,476 County Graphics Forms Mgmt 1,176,698 Creative Socio Medics Corp. 378,447 Criticare LLC 1,629,697 Curative Health Services 236,708 Dade Behring Inc. 275,881 EBI 233,273 Emergency Medical Association 1,004,218 Empire Gen. Contracting Corp. 222,762 EPIC Systems Corp. 639,966 Evercare Homehealth Services 462,660 Exactech 231,588 Family Aides Inc. 267,439 Fedcap Home Care 241,862 Fleet Healthcare Finance 3,309,470 Fleet Healthcare Finance 958,579 Fujinon Inc. 367,785 Garfunkel Wild & Travis PC 713,537 GE Healthcare Fin Services 8,018,937 GE Healthcare Fin Services 1,538,723 GE Medical Systems 3,192,872 Gotham Per Diem Inc. 446,817 Gotham Registry Inc. 426,515 Group J 223,198 Guidant Corporation 1,030,827 Guidant Sales Corp. 514,615 Highland Associates 205,084 Hill Rom Co. 343,253 Hill-Rom Inc. 263,458 Hope Home Care Inc. 443,948 Immediately Home Care 855,931 Iron Mountain 238,152 Johnson & Johnson Healthcare 1,048,607 Johnson & Johnson Healthcare 311,373 JSK Construction 557,077 Jzanus LTD 291,344 KeySpan Energy Delivery 533,132 Korn/Ferry International 360,467 Lloyd Staffing 318,549 Mallin Ckrodt Inc 289,894 Medical Billing Resources 453,984 Medtronic Sofamor Danek Inc. 387,588 Medtronic USA 1,360,496 Medtronic DLP 399,702 Metro Blood Service 1,606,532 Midpoint Associated Practitioner 247,692 National Benefit Fun 327,680 NCFO Financial Systems Inc. 251,304 New York City Water Board 791,623 New York Health Care 475,526 New York Medical College 298,152 Nursing Personnel Homecare Inc. 4,361,877 Oceanside Institutional Industry 328,000 Omega Home Health Services Inc. 261,034 Premier Home Health Care Services 267,007 Premier Inc. 223,324 Price Waterhouse Coopers LLC 782,043 Priority Home Care Inc. 273,047 Public Goods Pool 353,369 Quadramed Corp. 650,968 Queensbrook Insurance LTD 2,450,465 Renal Research Institute LLC 208,100 Rtech Healthcare Revenue Tech 397,393 Selfhelp Community Services 481,592 Siemens 9,907,684 Sodexho Marriott Services 2,254,509 Soft Computer Consultants 467,739 Sourceone Healthcare Tech 378,547 Special Touch Home Care Services 3,201,443 St. Jude Medical Sc. Inc. 593,383 St. Vincent Services Inc. 211,376 Steris Corp. 210,012 Stryker Medical Corporation 314,808 Stryker Orthopaedics 220,349 SVCMC Professional Registry 366,735 Syntheses USA 273,250 The Waldorf Astoria 224,558 Ultracare of Manhattan 251,511 United Home Care Inc. 211,671 Utopia Home Care Inc. 435,614 Verizon 265,407 Verizon 890,681 Verizon Long Distance 289,795 Webmd Corporation 242,153 White Glove Inc. 738,235 Wilson Elser Moskowitz Edelman 302,304 Zimmer US Inc. 424,273 Others 34,726,461 TOTAL SCHEDULED LIABILITIES $546,791,145 ============= Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: CMC Cardiology's Schedules of Assets & Debts ------------------------------------------------------------ A. Real Property $0 B. Personal Property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not Applicable D. Secured Claims $0 E. Unsecured Priority Claims Unknown F. Unsecured Non-Priority Claims 35 TOTAL SCHEDULED LIABILITIES $35 ==== Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: CMC Occupational's Schedules of Assets & Debts -------------------------------------------------------------- A. Real Property $0 B. Personal Property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not Applicable D. Secured Claims $0 E. Unsecured Priority Claims Unknown F. Unsecured Non-Priority Claims St. Vincent Catholic Med. Centers 2,904,800 Other Trade Vendor claims 354,572 TOTAL SCHEDULED LIABILITIES $3,259,372 =========== Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: CMC Physician's Schedules of Assets & Liabilities ----------------------------------------------------------------- A. Real Property $0 B. Personal Property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not Applicable D. Secured Claims $0 E. Unsecured Priority Claims Unknown F. Unsecured Non-Priority Claims 4,331 TOTAL SCHEDULED LIABILITIES $4,331 ======= Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: CMC Radiological's Schedules of Assets & Debts -------------------------------------------------------------- A. Real Property $0 B. Personal Property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not Applicable D. Secured Claims $0 E. Unsecured Priority Claims Unknown F. Unsecured Non-Priority Claims 4,818 TOTAL SCHEDULED LIABILITIES $4,818 ======= Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: Medical Service's Schedules of Assets & Debts ------------------------------------------------------------- A. Real Property $0 B. Personal Property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not Applicable D. Secured Claims $0 E. Unsecured Priority Claims Unknown F. Unsecured Non-Priority Claims 3,107 TOTAL SCHEDULED LIABILITIES $3,107 ======= Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) SAINT VINCENTS: Surgical Service's Schedules of Assets & Debts -------------------------------------------------------------- A. Real Property $0 B. Personal Property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property Claimed as Exempt Not Applicable D. Secured Claims $0 E. Unsecured Priority Claims Unknown F. Unsecured Non-Priority Claims 0 TOTAL SCHEDULED LIABILITIES $0 ==== Headquartered in New York, New York, Saint Vincents Catholic Medical Centers of New York -- http://www.svcmc.org/-- the largest Catholic healthcare providers in New York State, operate hospitals, health centers, nursing homes and a home health agency. The hospital group consists of seven hospitals located throughout Brooklyn, Queens, Manhattan, and Staten Island, along with four nursing homes and a home health care agency. The Company and six of its affiliates filed for chapter 11 protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945 through 05-14951). Gary Ravert, Esq., and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, represent the Debtors in their restructuring efforts. As of Apr. 30, 2005, the Debtors listed $972 million in total assets and $1 billion in total debts. (Saint Vincent Bankruptcy News, Issue No. 12; Bankruptcy Creditors' Service, Inc., 215/945-7000) US AIRWAYS: Posts $14 Million Net Loss in August 2005 ----------------------------------------------------- US Airways Group, Inc. Consolidated Balance Sheet At August 31, 2005 (in thousands) Current Assets: Cash and cash equivalents $409,797 Restricted cash 145,846 Receivables, net 294,377 Materials and supplies, net 183,240 Prepaid expenses and other 169,494 ------------ Total Current Assets 1,202,754 Property and Equipment: Flight equipment 2,695,534 Ground property and equipment 369,124 Less accumulated depreciation and amortization (397,708) ------------ 2,666,951 Purchase deposits for flight equipment 70,689 ------------ Total Property and Equipment 2,737,640 Other Assets: Goodwill 2,489,638 Other intangibles, net 512,810 Restricted cash 597,276 Other assets, net 80,493 ------------ Total Other Assets 3,680,217 ------------ Total Assets $7,620,611 ============ Current Liabilities: Current maturities of debt and capital lease obligations $896,012 Accounts payable 383,359 Traffic balances payable and unused tickets 950,786 Accrued aircraft rent 35,418 Accrued salaries, wages and vacation 162,705 Other accrued expenses 332,833 ------------ Total Current Liabilities 2,761,113 Noncurrent Liabilities and Deferred Credits: Long-term debt and capital lease obligations, net of current maturities 47,867 Deferred gains and credits, net 146,486 Postretirement benefits other than pensions 1,906 Employee benefit liabilities and other 240,419 ------------ Total Noncurrent Liabilities and Deferred Credits 436,678 Liabilities Subject to Compromise 5,097,758 Commitments and Contingencies Stockholders' Equity: Class A Common Stock 50,616 Class B Common Stock 5,000 Paid-in capital 410,421 Accumulated deficit (1,140,291) Common stock held in treasury, at cost (2,815) Deferred compensation (4,853) Accumulated other comprehensive income 6,984 ------------ Total Stockholders' Deficit (674,938) ------------ Total Liabilities & Stockholders' Equity $7,620,611 ============ US Airways Group, Inc. Consolidated Statement of Operations Month ended August 31, 2005 (in thousands) Operating Revenues: Passenger transportation $575,105 Cargo and freight 8,341 Other 50,344 ------------ Total Operating Revenues 633,790 Operating Expenses: Personnel costs 131,780 Aviation fuel 158,382 US Airways Express capacity purchases 76,294 Aircraft rent 41,150 Other rent and landing fees 41,793 Selling expenses 27,226 Aircraft maintenance 34,896 Depreciation and amortization 17,768 Other 98,357 ------------ Total Operating Expenses 628,036 Operating Income 5,754 Other Income (Expense): Interest income 2,001 Interest expense, net (23,277) Reorganization items, net 3,131 Other, net (1,723) ------------ Other Income (Expense), Net (19,868) Income (Loss) Before Income Taxes (14,114) Income Tax Benefit 0 ------------ Net Income (Loss) ($14,114) ============ US Airways Group, Inc. Consolidated Statement of Cash Flows Month ended August 31, 2005 (in thousands) Net cash used for operating activities before reorganization items ($80,959) Reorganization items, net (4,618) ------------ Net cash used for operating activities (85,577) Cash flows from investing activities: Capital expenditures and purchase deposits for flight equipment, net (1,280) Proceeds from dispositions of property 29,307 Increase in restricted cash (20,198) ------------ Net cash provided by investing activities 7,829 Cash flows from financing activities: Proceeds from DIP Financing 25,000 Principal payments on long-term debt and capital lease obligations (27,108) ------------ Net cash used for financing activities (2,108) Net decrease in Cash and cash equivalents (79,856) ------------ Cash and cash equivalents at beginning of period 489,653 ------------ Cash and cash equivalents at end of period $409,797 ============ US Airways and its subsidiaries filed another chapter 11 petition on September 12, 2004 (Bankr. E.D. Va. Case No. 04-13820). Brian P. Leitch, Esq., Daniel M. Lewis, Esq., and Michael J. Canning, Esq., at Arnold & Porter LLP, and Lawrence E. Rifken, Esq., and Douglas M. Foley, Esq., at McGuireWoods LLP, represent the Debtors in their restructuring efforts. In the Company's second bankruptcy filing, it lists $8,805,972,000 in total assets and $8,702,437,000 in total debts. (US Airways Bankruptcy News, Issue No. 108; Bankruptcy Creditors' Service, Inc., 215/945-7000) WESTPOINT STEVENS: JP Stevens' Report for Period Ended Aug. 7 ------------------------------------------------------------- J.P. STEVENS & CO., INC. Balance Sheet At August 7, 2005 (in thousands) Assets Current Assets Cash and cash equivalents - Short-term investments - Accounts receivable - customers - Accounts receivable - intercompany $110,749 Total inventories - Prepaid & other current assets - ---------- Total Current assets 110,749 Total investments & other assets 2,697 Goodwill - Property, plant and equipment, net - ---------- TOTAL ASSETS $113,446 ========== Liabilities and Shareholders' Equity (Deficit) Liabilities Not Subject to Compromise: Senior Credit Facility - DIP Credit Agreement - Long-term debt classified as current - Accounts receivable - intercompany - Accrued interest payable - Accounts payable - trade - Accounts payable - intercompany - Other payables and accrued liabilities - Deferred income taxes - Pension and other liabilities - ---------- Total liabilities not subject to compromise - Liabilities Subject to Compromise: Senior Notes - Deferred financing fees - Accrued interest payable on Senior Notes - Accounts payable - Other payables and accrued liabilities - Pension and other liabilities - ---------- Total liabilities subject to compromise - ---------- Total Liabilities - SHAREHOLDERS' EQUITY (DEFICIT) Equity of subsidiaries $10,503 Common stock - Capital Surplus/Treasury Stock - Retained earnings (deficit) 102,943 Minimum pension liability adjustment - Other adjustments - Unearned compensation - --------- Total Shareholders' Equity (Deficit) 113,446 --------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $113,446 ========= J.P. Stevens & Co., Inc., reports no income and cash flow for this reporting period. Headquartered in West Point, Georgia, WestPoint Stevens, Inc., -- http://www.westpointstevens.com/-- is the #1 US maker of bed linens and bath towels and also makes comforters, blankets, pillows, table covers, and window trimmings. It makes the Martex, Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux brands, as well as the Martha Stewart bed and bath lines; other licensed brands include Ralph Lauren, Disney, and Joe Boxer. Department stores, mass retailers, and bed and bath stores are its main customers. (Federated, J.C. Penney, Kmart, Sears, and Target account for more than half of sales.) It also has nearly 60 outlet stores. Chairman and CEO Holcombe Green controls 8% of WestPoint Stevens. The Company filed for chapter 11 protection on June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532). John J. Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the Debtors in their restructuring efforts. (WestPoint Bankruptcy News, Issue No. 57; Bankruptcy Creditors' Service, Inc., 215/945-7000) WESTPOINT STEVENS: JP Stevens Ent.' MOR for Period Ended Aug. 7 --------------------------------------------------------------- J.P. STEVENS ENTERPRISES, INC. Balance Sheet At August 7, 2005 (in thousands) Assets Current Assets Cash and cash equivalents $17 Short-term investments - Accounts receivable - customers, net - Accounts receivable - intercompany 18,532 Prepaid expenses and other current assets - ---------- Total current assets 18,549 Total investments & other assets - Goodwill - ---------- TOTAL ASSETS $18,549 ========== Liabilities and Stockholders' Equity (Deficit) Liabilities Not Subject to Compromise: Accounts payable - intercompany - Other payables and accrued liabilities $305 Deferred income taxes - Pension and other liabilities - ---------- Total Liabilities Not Subject to Compromise 305 Liabilities Subject to Compromise - ---------- Total Liabilities 305 Shareholders' Equity (Deficit) Equity of subsidiaries - Common stock 2 Capital surplus/Treasury Stock - Retained earnings (deficit) 18,242 Minimum pension liability adjustment - Other adjustments - Unearned compensation - ---------- Stockholders' Equity (Deficit) 18,244 ---------- TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT) $18,549 ========== J.P. STEVENS ENTERPRISES, INC. Statement of Operations July 1, 2005 to August 7, 2005 (in thousands) Total sales - Cost of goods sold - ---------- Gross earnings - Selling and administrative expenses Selling expenses $5 Warehousing and shipping - Advertising - Division administrative expense - MIS expense - Corporate administrative expense - ---------- Total selling and administrative expense 5 Restructuring and impairment charge - Goodwill impairment charge - ---------- Profit/(loss) from operations - Interest expense Interest expense - outside - Capitalized interest expense - Interest expense - intercompany - Interest income - Interest income - intercompany 120 ---------- Net interest expense 120 Other expense Miscellaneous - Royalties - intercompany - Transaction gain/loss - ---------- Total other expense - Other income Royalties - intercompany 190 Dividends - Sale of assets - Miscellaneous - ---------- Total other income 190 ---------- Net other expense (190) ---------- Income (loss) before Chapter 11 reorganization expenses and income taxes (benefit) and extraordinary items 305 Chapter 11 reorganization expenses - Income tax expense (benefit) 107 Extraordinary item - net of taxes - ---------- Net Income (loss) $198 ========== J.P. STEVENS ENTERPRISES, INC. Statement of Cash Flows July 1, 2005 to August 7, 2005 (in thousands) Cash flows from operations: Net income (loss) $198 Non-cash items Depreciation and amortization - Working Capital Changes Decrease/(increase) - a/r (intercompany) (308) Decrease/(increase) - inventories - Decrease/(increase) - other current assets - Decrease/(increase) - other non-current assets - Increase/(decrease) - accounts payable (trade) - Increase/(decrease) - a/p (intercompany) - Increase/(decrease) - accrued liabilities 107 Increase/(decrease) - accrued interest payable - Increase/(decrease) - pension & other liabilities - Increase/(decrease) - deferred federal income tax - ---------- Total cash flows from operations (3) Cash flows from investing activities Capital expenditures - Net proceeds from sale of assets - ---------- Total cash flows from investing - Cash flows from financing activities Increase/(decrease)- DIP Credit Agreement - ---------- Total cash flows from financing - Beginning cash balance 20 Change in cash (3) ---------- Ending cash balance $17 ========== Headquartered in West Point, Georgia, WestPoint Stevens, Inc., -- http://www.westpointstevens.com/-- is the #1 US maker of bed linens and bath towels and also makes comforters, blankets, pillows, table covers, and window trimmings. It makes the Martex, Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux brands, as well as the Martha Stewart bed and bath lines; other licensed brands include Ralph Lauren, Disney, and Joe Boxer. Department stores, mass retailers, and bed and bath stores are its main customers. (Federated, J.C. Penney, Kmart, Sears, and Target account for more than half of sales.) It also has nearly 60 outlet stores. Chairman and CEO Holcombe Green controls 8% of WestPoint Stevens. The Company filed for chapter 11 protection on June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532). John J. Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the Debtors in their restructuring efforts. (WestPoint Bankruptcy News, Issue No. 57; Bankruptcy Creditors' Service, Inc., 215/945-7000) WESTPOINT STEVENS: WPS I Earns $1 Million for Period Ended Aug. 7 ----------------------------------------------------------------- WESTPOINT STEVENS, INC., I Balance Sheet At August 7, 2005 (in thousands) Assets Current Assets Cash and cash equivalents $39 Short-term investments - Accounts receivable - customers - Accounts receivable - intercompany 33,285 Total inventories 8,713 Prepaid & other current assets 46 ---------- Total current assets 42,083 Total investments & other assets 9,447 Goodwill - Property, plant and equipment, net 11,374 ---------- TOTAL ASSETS $62,904 ========== Liabilities and Shareholders' Equity (Deficit) Liabilities Not Subject to Compromise: Senior Credit Facility - DIP Credit Agreement - Long-term debt classified as current - Accrued interest payable - Accounts payable - trade $395 Accounts payable - intercompany - Other payables and accrued liabilities 5,635 Deferred income taxes - Pension and other liabilities - ---------- Total liabilities not subject to compromise 6,030 Liabilities Subject to Compromise: Senior Notes - Deferred financing fees - Accrued interest payable on Senior Notes - Accounts payable 1,438 Other payables and accrued liabilities - Pension and other liabilities 3,445 ---------- Total liabilities subject to compromise 4,883 ---------- Total Liabilities 10,913 SHAREHOLDERS' EQUITY (DEFICIT) Equity of subsidiaries - Common stock 1 Capital Surplus/Treasury Stock 70,559 Retained earnings (deficit) (18,569) Minimum pension liability adjustment - Other adjustments - Unearned compensation - ---------- Total Shareholders' Equity (Deficit) 51,991 ---------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $62,904 ========== WESTPOINT STEVENS, INC., I Statement of Operations July 1, 2005 to August 7, 2005 (in thousands) Total sales $5,136 Cost of sales 3,699 ---------- Gross profit 1,437 Selling and administrative expenses Selling expense 7 Warehousing and shipping 180 Advertising - Division administrative expense - MIS expense - Corporate administrative expense 230 ---------- Total selling and administrative expense 417 Restructuring and impairment charge - Goodwill impairment charge - ---------- Profit/(loss) from operations 1,020 Interest expense Interest expense - outside - Capitalized interest expense - Interest expense - intercompany - Interest income 1 Interest income - intercompany 891 ---------- Net interest expense (892) Other expense Miscellaneous - Royalties - intercompany 190 Transaction gain/loss - ---------- Total other expense 190 Other income Royalties - intercompany 546 Affiliate Income - Dividends - Sale of assets - Miscellaneous - ---------- Total other income 546 ---------- Net other expense (356) ---------- Income (loss) before reorganization expenses and income taxes (benefit) and extraordinary item 2,268 Reorganization expenses - Income taxes (benefit) 794 ---------- Income (loss) before extraordinary item 1,474 Extraordinary item - net of taxes - ---------- Net income (loss) $1,474 ========== WESTPOINT STEVENS, INC., I Statement of Cash Flows July 1, 2005 to August 7, 2005 (in thousands) Cash Flows from Operations: Net income (loss) $1,474 Non-cash items Depreciation and amortization expense 83 Gain on sale assets (8) Changes in Assets and Liabilities Decrease/(increase) -- a/r (customers) - Decrease/(increase) -- a/r (intercompany) 1,008 Decrease/(increase) -- inventories 1,060 Decrease/(increase) -- other current assets (46) Decrease/(increase) -- other noncurrent assets - Increase/(decrease) -- accounts payable (trade) (147) Increase/(decrease) -- a/p (intercompany) - Increase/(decrease) -- accrued liabilities (3,424) Increase/(decrease) -- accrued interest payable - Increase/(decrease) -- pension and other liabilities - Increase/(decrease) -- deferred federal income tax - ---------- Total Cash Flows from Operations 1 Cash Flows from Investing Decrease/(increase) -- short term investments - Capital expenditures - Transfers (85) Net proceeds from sale of assets - ---------- Total Cash Flows from Investing (85) Cash Flows from Financing Increase/(decrease) -- DIP credit agreement - Increase/(decrease) -- Senior Notes - ---------- Total Cash Flows from Financing - Beginning Cash Balance 38 Change in Cash 1 ---------- Ending Cash Balance $39 ========== Headquartered in West Point, Georgia, WestPoint Stevens, Inc., -- http://www.westpointstevens.com/-- is the #1 US maker of bed linens and bath towels and also makes comforters, blankets, pillows, table covers, and window trimmings. It makes the Martex, Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux brands, as well as the Martha Stewart bed and bath lines; other licensed brands include Ralph Lauren, Disney, and Joe Boxer. Department stores, mass retailers, and bed and bath stores are its main customers. (Federated, J.C. Penney, Kmart, Sears, and Target account for more than half of sales.) It also has nearly 60 outlet stores. Chairman and CEO Holcombe Green controls 8% of WestPoint Stevens. The Company filed for chapter 11 protection on June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532). John J. Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the Debtors in their restructuring efforts. (WestPoint Bankruptcy News, Issue No. 57; Bankruptcy Creditors' Service, Inc., 215/945-7000) WESTPOINT STEVENS: Stevens Stores' Reports for Period Ended Aug. 7 ------------------------------------------------------------------ WESTPOINT STEVENS STORES, INC. Balance Sheet At August 7, 2005 (in thousands) Assets Current Assets Cash and cash equivalents $735 Short-term investments - Accounts receivable - customers 27 Accounts receivable - intercompany 915 Total Inventories 19,526 Prepaid expenses and other current assets 989 ---------- Total current assets 22,192 Total investments & other assets - Goodwill - Property, plant and equipment, net 2,417 ---------- TOTAL ASSETS $24,609 ========== Liabilities and Stockholders' Equity (Deficit) Liabilities Not Subject to Compromise Accounts payable - trade $696 Accounts payable -intercompany - Other payables and accrued liabilities 836 Deferred income taxes - Pension and other liabilities - ---------- Total Liabilities Not Subject to Compromise 1,532 ---------- Liabilities Subject to Compromise Accounts payable 1,770 ---------- Total Liabilities 3,302 Shareholders' Equity (Deficit) Equity of subsidiaries - Common stock 1 Capital surplus/Treasury Stock 15,955 Retained earnings (deficit) 5,351 Minimum pension liability adjustment - Other adjustments - Unearned compensation - ---------- Stockholders' Equity (Deficit) 21,307 ---------- TOTAL LIABILITIES & SHAREHOLDERS' EQUITY (DEFICIT) $24,609 ========== WESTPOINT STEVENS STORES, INC. Statement of Operations July 1, 2005 to August 7, 2005 (in thousands) Total sales $8,261 Cost of goods sold 5,127 ---------- Gross earnings 3,134 Selling and administrative expenses Selling expenses 2,002 Warehousing and shipping 200 Advertising 435 Division administrative expense 269 MIS expense 57 Corporate administrative expense 84 ---------- Total selling and administrative expense 3,047 Restructuring and impairment charge - Goodwill impairment charge - ---------- Profit/(loss) from operations 87 Interest expense Interest expense - outside - Capitalized interest expense - Interest expense - intercompany 198 Interest income - Interest income - intercompany - ---------- Net interest expense 198 Other expense Miscellaneous - Royalties - intercompany - Transaction gain/loss - ---------- Total other expense - Other income Royalties Intercompany - Dividends - Sale of assets - Miscellaneous - ---------- Total other income - ---------- Net other expense - ---------- Income (loss) before Chapter 11 reorganization expenses and income taxes (benefit) and extraordinary items (111) Chapter 11 reorganization expenses - Income tax expense (benefit) (38) Extraordinary item - net of taxes - ---------- Net Income (loss) ($73) ========== WESTPOINT STEVENS STORES, INC. Statement of Cash Flows July 1, 2005 to August 7, 2005 (in thousands) Cash flows from operations: Net income (loss) ($73) Non-cash items Depreciation and amortization 67 Working Capital Changes Decrease/(increase) - a/r (customers) 139 Decrease/(increase) - a/r (intercompany) (18) Decrease/(increase) - inventories 1,145 Decrease/(increase) - other current assets (110) Decrease/(increase) - other non-current assets - Increase/(decrease) - accounts payable (trade) 296 Increase/(decrease) - a/p (intercompany) - Increase/(decrease) - accrued liabilities (2,416) Increase/(decrease) - accrued interest payable - Increase/(decrease) - pension & other liabilities - Increase/(decrease) - deferred federal income tax - ---------- Total cash flows from operations (970) Cash flows from investing activities Capital expenditures (169) Transfers 11 Net proceeds from sale of assets - ---------- Total cash flows from investing (158) Cash flows from financing activities Increase/(decrease)- DIP Credit Agreement - ---------- Total cash flows from financing - Beginning cash balance 1,863 Change in cash (1,128) ---------- Ending cash balance $735 ========== Headquartered in West Point, Georgia, WestPoint Stevens, Inc., -- http://www.westpointstevens.com/-- is the #1 US maker of bed linens and bath towels and also makes comforters, blankets, pillows, table covers, and window trimmings. It makes the Martex, Utica, Stevens, Lady Pepperell, Grand Patrician, and Vellux brands, as well as the Martha Stewart bed and bath lines; other licensed brands include Ralph Lauren, Disney, and Joe Boxer. Department stores, mass retailers, and bed and bath stores are its main customers. (Federated, J.C. Penney, Kmart, Sears, and Target account for more than half of sales.) It also has nearly 60 outlet stores. Chairman and CEO Holcombe Green controls 8% of WestPoint Stevens. The Company filed for chapter 11 protection on June 1, 2003 (Bankr. S.D.N.Y. Case No. 03-13532). John J. Rapisardi, Esq., at Weil, Gotshal & Manges, LLP, represents the Debtors in their restructuring efforts. (WestPoint Bankruptcy News, Issue No. 57; 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. 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