EX-99.1 3 dex991.txt MONTHLY OPERATING REPORTS EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT __________ DISTRICT OF Delaware -------- In re Webvan Group, Inc. Case No. 01-2404 ----------------- --------------------------- Reporting Period: Oct. 2001 ------------------ MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month Submit copy of report to any official committee appointed in the case
----------------------------------------------------------------------------------------------------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ----------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] ----------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CONT) [X] ----------------------------------------------------------------------------------------------------------------- Copies of bank statements [X] ----------------------------------------------------------------------------------------------------------------- Cash disbursements journals [X] ----------------------------------------------------------------------------------------------------------------- Statement of Operations MOR-2 [X] ----------------------------------------------------------------------------------------------------------------- Balance Sheet MOR-3 [X] ----------------------------------------------------------------------------------------------------------------- Status of Postpetition Taxes MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Copies of IRS Form 6123 or payment receipt [X] ----------------------------------------------------------------------------------------------------------------- Copies of tax returns filed during reporting period [X] ----------------------------------------------------------------------------------------------------------------- Summary of Unpaid Postpetition Debts MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Listing of aged accounts payable [X] ----------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation and Aging MOR-5 [X] ----------------------------------------------------------------------------------------------------------------- Debtor Questionnaire MOR-5 [X] -----------------------------------------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. ______________________________________ _______________________________ Signature of Debtor Date ______________________________________ _______________________________ Signature of Joint Debtor Date /s/ Mark Holtzman 11/19/01 -------------------------------------- ------------------------------- Signature of Authorized Individual* Date Mark Holtzman Vice President & Controller -------------------------------------- ------------------------------- Printed Name of Authorized Individual Title of Authorized Individual * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. DRAFT -- Tentative and Preliminary WEBVAN GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS OCTOBER 2001 (Dollars in Thousands) Oct 2001 ---------- Cash Beginning of Month 15,165 RECEIPTS Cash Sales - Accounts Receivable 314 Sale of Assets 5,641 Other: Interest/Dividends 152 Returned Deposits 248 Chargebacks - --------- Total Cash Receipts 6,354 DISBURSEMENTS Net Payroll (1,033) Payroll Taxes & Benefits (336) Sales, Use, and Other Taxes (84) Insurance (197) Inventory Purchases - Occupancy (870) Occupancy Expenses-Other (47) Leases (5) Secured/Rental/Leases (922) Office Services (4) Supplies (1) Transportation - Travel & Entertainment (47) Marketing - Royalties/Franchise Fees - Other (1) Professional Services (156) Utilities (282) Administrative & Selling (491) Professional Fees (48) U.S. Trustee Fees (0) Court Costs 1 --------- Total Disbursements (3,111) Net Cash Flow 3,244 Cash End of Month 18,409 1 of 1 WEBVAN GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES OCTOBER 2001 (Dollars in Thousands) Oct 2001 Total Disbursements 3,111 Less: Transfers to Debtor In Possession Accounts - Plus: Estate Disbursements Made by Outside Sources - --------- Total Disbursements for Calculating U.S. Trustee Quarterly Fees 3,111 1 of 1 WEBVAN GROUP, INC. BANK RECONCILIATIONS As of October 31, 2001 Dollars in Thousands
----------------------------------------------------------------------------------------------------- Operating Operating Operating Operating Payroll Payroll (ZBA) 4187-298286 4124-124595 1-535-9097-8067 1-535-0179-2367 4038-330031 4038-143145 ----------------------------------------------------------------------------------------------------- BALANCE PER BOOKS $ 507 $ 8,956 $ 80 $ - $ 353 $ - ----------------------------------------------------------------------------------------------------- BANK BALANCE 598 8,956 80 - 494 - Plus: Deposits in Transit Less: Outstanding Checks 109 141 Other 18 ----------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ 507 $ 8,956 $ 80 $ - $ 353 $ - ----------------------------------------------------------------------------------------------------- - - - - - -
Notes: [A] Reconciliation to Ending Cash on Receipts and Disbursements Schedule Balance per Books $ 18,763 Payroll 353 [B] Rounding (1) ----------- Balance per Books-Cash Schedule $ 18,409 =========== [B] The cash model assumes that payroll is pre-funded to the payroll account each week, therefore the payroll account balance is not included in the cash model cash balance. WEBVAN GROUP, INC. BANK RECONCILIATIONS As of October 31, 2001 Dollars in Thousands
------------------------------------------------------------------------------------------------ Payroll (ZBA) Payroll(ZBA) Merchant (ZBA) Merchant(ZBA) Merchant (ZBA) Merchant (ZBA) 4496-817172 4496-846338 4496-844655 4047-100029 4496-844663 4496-838996 ------------------------------------------------------------------------------------------------ BALANCE PER BOOKS $ - $ - $ - $ - $ - $ - ------------------------------------------------------------------------------------------------ BANK BALANCE - - - - - - Plus: Deposits in Transit Less: Outstanding Checks Other ------------------------------------------------------------------------------------------------ ADJUSTED BANK BALANCE $ - $ - $ - $ - $ - $ - ------------------------------------------------------------------------------------------------ - - - - - -
-------------------------------------- Merchant (ZBA) Merchant (ZBA) 4496-857293 4496-847294 -------------------------------------- BALANCE PER BOOKS $ - $ - -------------------------------------- BANK BALANCE - - Plus: Deposits in Transit Less: Outstanding Checks Other -------------------------------------- ADJUSTED BANK BALANCE $ - $ - --------------------------------------- - - WEBVAN GROUP, INC. BANK RECONCILIATIONS As of October 31, 2001 Dollars in Thousands
--------------------------------------------------------------------------------------- Merchant (ZBA) Merchant (ZBA) Investment Investment 4496-893256 1-535-9125-9095 14-78C43 18051631 Totals --------------------------------------------------------------------------------------- BALANCE PER BOOKS $ - $ - $ 8,580 $ 287 $ 18,763 --------------------------------------------------------------------------------------- BANK BALANCE - - 8,580 287 18,995 Plus: Deposits in Transit - Less: Outstanding Checks 250 Other 18 --------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ - $ - $ 8,580 $ 287 $ 18,763 --------------------------------------------------------------------------------------- - - - -
WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS SUMMARY OCTOBER 1, 2001 - OCTOBER 31, 2001 Legal Entity Amount ------------------------------------------ Webvan Group $ 2,372,279 Webvan Bay Area - HomeGrocer 731,921 Webvan Opco 5,772 ------------ Total $ 3,109,971 Webvan Group Inc. Post Petition Disbursements Webvan Group Inc. October 1 - October 31, 2001
Check Number Check Date Unit Vendor Name Check Amount ------------ ---------- ---- ----------- ------------ 80355 10/01/01 Webvan AMB Property, L.P. $ 26,231.10 80356 10/01/01 Webvan AT&T $ 10,330.04 80357 10/01/01 Webvan AT&T $ 10,569.19 80358 10/01/01 Webvan Carol Stream Industrial, Inc. $ 114,575.52 80359 10/01/01 Webvan Commerce Park - Foster City $ 13,490.44 80363 10/01/01 Webvan Northwestern Mutual Life Insurance Co $ 125,933.50 80364 10/01/01 Webvan Simon Chang $ 16,668.00 80365 10/01/01 Webvan Vintage Island Partners $ 151,092.39 80368 10/01/01 Webvan ADP, Inc. $ 801.55 80369 10/01/01 Webvan AT&T $ 6,782.64 80371 10/01/01 Webvan AT&T $ 21.48 80372 10/01/01 Webvan AT&T $ 2,825.00 80373 10/01/01 Webvan AT&T $ 1,096.80 80374 10/01/01 Webvan Ameritech $ 746.80 80375 10/01/01 Webvan Ascom Hasler Leasing $ 256.29 80376 10/01/01 Webvan California Security Alarms, Inc. $ 70.00 80377 10/01/01 Webvan E. A. Bonelli + Associates, Inc. $ 749.55 80378 10/01/01 Webvan Federal Express Corporation $ 47.01 80379 10/01/01 Webvan Fine-Gem Relocation Services $ 720.00 80381 10/01/01 Webvan Jackson, Lewis, Schnitzler & Krupman $ 173.30 80383 10/01/01 Webvan Moody, John $ 1,635.73 80384 10/01/01 Webvan Marlan, Kimberlee $ 4,000.00 80388 10/01/01 Webvan Office Team $ 1,774.50 80390 10/01/01 Webvan Pacific Bell $ 1,776.56 80392 10/01/01 Webvan Residence Inn Oyster Point $ 872.00 80393 10/01/01 Webvan TruGreen Landcare $ 1,493.00 80395 10/01/01 Webvan Verizon $ 482.17 80396 10/02/01 Webvan CA Mechanical, Inc. $ 453.92 80397 10/03/01 Webvan Arthur, Allen $ 15,893.87 80398 10/03/01 Webvan Jackson Electric Membership Corporation $ 16,194.15 80399 10/03/01 Webvan Mohler, Nixon & Williams $ 10,450.00 80401 10/03/01 Webvan State Board of Equalization $ 83,345.00 80402 10/03/01 Webvan ADP, Inc. $ 212.21 80403 10/03/01 Webvan Airborne Express $ 165.93 80405 10/03/01 Webvan Business Wire $ 100.00 80406 10/03/01 Webvan Collier Shannon Scott, PLLC $ 1,294.10 80407 10/03/01 Webvan Williams, Dara $ 162.21 80409 10/03/01 Webvan Colliat, George $ 56.76 80410 10/03/01 Webvan Mary Alice Taylor $ 8,148.53 80411 10/03/01 Webvan Ham, Peter $ 70.40 80412 10/03/01 Webvan R R Donnelley Receivables, Inc. $ 400.00 80413 10/03/01 Webvan Rentschler & Tursi $ 5,129.25 80414 10/03/01 Webvan Riddell Williams P.S. $ 2,760.60 80415 10/03/01 Webvan Service Vending Systems, Inc. $ 446.68 80418 10/03/01 Webvan Sinnen, Thomas $ 95.67 80419 10/03/01 Webvan Treasurer of Virginia $ 150.00 80420 10/04/01 Webvan Dublin Properties Inc $ 10,098.59 80421 10/04/01 Webvan M&M Repair $ 1,569.44 80422 10/05/01 Webvan Pacific Gas and Electric $ 32,740.27 80423 10/10/01 Webvan AT&T $ 41,350.11 80424 10/10/01 Webvan AboveNet $ 40,930.00 80425 10/10/01 Webvan Pacific Bell $ 50,129.69 80428 10/10/01 Webvan AT&T $ 1,035.27 80430 10/10/01 Webvan AT&T $ 102.97 80431 10/10/01 Webvan Airborne Express $ 163.90 80432 10/10/01 Webvan Browning Ferris Industries $ 446.96 80434 10/10/01 Webvan Burns International Security Service $ 5,782.00 80437 10/10/01 Webvan Hyman, David $ 120.00 80438 10/10/01 Webvan Department of Labor & Industries $ 78.75 80439 10/10/01 Webvan GE Capital Leasing $ 2,315.15 80440 10/10/01 Webvan Guardsmark, Inc. $ 6,630.00
80441 10/10/01 Webvan Gwinnett Co. Dept. of Public Utilities $ 54.49 80442 10/10/01 Webvan National Elevator Company, Inc $ 202.50 80443 10/10/01 Webvan Office Team $ 910.00 80445 10/10/01 Webvan Wright, Patrick $ 85.00 80446 10/10/01 Webvan Qwest $ 256.93 80447 10/10/01 Webvan Residence Inn Oyster Point $ 663.99 80449 10/10/01 Webvan Evans, Sandra $ 1,152.41 80450 10/10/01 Webvan Sprint $ 1,176.91 80452 10/10/01 Webvan Village of Carol Stream $ 1,700.50 80454 10/10/01 Webvan XO Communications $ 3,217.65 80455 10/11/01 Webvan Chieften Resources $ 5,100.00 80456 10/15/01 Webvan Crown Moving & Storage $ 400.00 80457 10/15/01 Webvan Iron Mountain Records Management, Inc. $ 1,250.00 80458 10/15/01 Webvan Iron Mountain Records Management, Inc. $ 44,262.72 80459 10/15/01 Webvan Crown Moving & Storage $ 80.00 80460 10/16/01 Webvan Dublin Properties Inc $ 156,528.08 80461 10/17/01 Webvan Residence Inn Oyster Point $ 1,199.00 80462 10/17/01 Webvan Evans, Sandra $ 76.37 80464 10/17/01 Webvan Pacific Bell $ 37,989.71 80465 10/17/01 Webvan AT&T $ 1,590.42 80466 10/17/01 Webvan Airborne Express $ 196.12 80467 10/17/01 Webvan Ameritech $ 56.47 80469 10/17/01 Webvan East Bay Municipal Utility District $ 1,347.71 80470 10/17/01 Webvan Prugh, Karen $ 270.36 80471 10/17/01 Webvan NMHG Financial Services $ 335.84 80472 10/17/01 Webvan Performance Power Systems $ 224.40 80473 10/17/01 Webvan Qwest $ 129.55 80474 10/17/01 Webvan Residence Inn Oyster Point $ 118.00 80475 10/17/01 Webvan Skytel $ 2,765.60 80478 10/17/01 Webvan Sprint $ 79.61 80479 10/22/01 Webvan City of Kent $ 10,038.50 80480 10/22/01 Webvan Marsh Risk and Insurance Service $ 106,256.00 80481 10/22/01 Webvan Department of Alcoholic Beverage Control $ 796.00 80482 10/24/01 Webvan Arthur Andersen LLP $ 35,193.51 80484 10/24/01 Webvan Airborne Express $ 180.53 80485 10/24/01 Webvan Business Wire $ 125.00 80486 10/24/01 Webvan CA Mechanical, Inc. $ 470.40 80487 10/24/01 Webvan Novoa, Debbie $ 389.12 80488 10/24/01 Webvan Jackson, Lewis, Schnitzler & Krupman $ 7.41 80489 10/24/01 Webvan Moody, John $ 5,087.66 80490 10/24/01 Webvan Prugh, Karen $ 1,806.37 80491 10/24/01 Webvan Marlan, Kimberlee $ 6,889.64 80492 10/24/01 Webvan Office Team $ 1,820.00 80492 10/24/01 Webvan Office Team $ 1,820.00 80493 10/24/01 Webvan Pinkerton $ 5,056.00 80495 10/24/01 Webvan Residence Inn Oyster Point $ 863.00 80496 10/24/01 Webvan Service Vending Systems, Inc. $ 686.64 80497 10/24/01 Webvan Shred-It San Francisco $ 85.00 80498 10/25/01 Webvan Mohler, Nixon & Williams $ 21,906.95 80499 10/25/01 Webvan Crown Moving & Storage $ 973.75 80500 10/26/01 Webvan Tower Cleaning Systems $ 2,417.73 80501 10/26/01 Webvan Chieften Resources $ 425.00 Wire 10/04/01 Webvan ADP $ 26,148.45 Wire 10/05/01 Webvan ADP $ 73,023.16 Wire 10/11/01 Webvan ADP $ 161,503.15 Wire 10/12/01 Webvan ADP $ 303,046.11 Wire 10/12/01 Webvan ADP $ 184,018.36 Wire 10/16/01 Webvan Aetna $ 66,014.32 Wire 10/18/01 Webvan ADP $ 52,416.86 Wire 10/18/01 Webvan ADP $ 193,511.37 Wire 10/23/01 Webvan MTI Technology $ 1,000.00 Wire 10/23/01 Webvan Village of Carol Stream $ 5,109.77 Wire 10/26/01 Webvan ADP $ 5,536.00 ------------- Total $2,372,279.03 =============
WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS WEBVAN BAY AREA October 1 - October 31, 2001 There were no disbursements from Webvan Bay Area during the period in question. Webvan Group Inc. Post Petition Disbursements Homegrocer October 1 - October 31, 2001
Check Number Check Date Unit Vendor Name Check Amount ------------ ---------- ---- ----------- ------------ 80361 10/01/01 HomeGrocer Fullerton Crossroads $ 49,797.20 80362 10/01/01 HomeGrocer Iowa Employers Retirement $ 49,310.18 80366 10/01/01 HomeGrocer Waples Corporation $ 70,962.64 80367 10/01/01 HomeGrocer Watson Partners L.P. $ 79,224.26 80380 10/01/01 HomeGrocer GE Capital Leasing $ 2,315.45 80382 10/01/01 HomeGrocer Gonzales, Joe $ 153.32 80385 10/01/01 HomeGrocer Lusk Mira Mesa Business Park East I $ 410.00 80386 10/01/01 HomeGrocer MBC Springbelt LLC $ 3,905.76 80387 10/01/01 HomeGrocer Mercado, Martin $ 275.65 80389 10/01/01 HomeGrocer PDC Properties, Inc. $ 1,135.00 80391 10/01/01 HomeGrocer Qwest $ 215.40 80394 10/01/01 HomeGrocer Verdescape Commercial Landscape $ 200.10 80404 10/03/01 HomeGrocer Burns International Security Service $ 1,027.00 80408 10/03/01 HomeGrocer Federal Express Corporation $ 63.12 80416 10/03/01 HomeGrocer Southern California Edison $ 10,000.00 80417 10/03/01 HomeGrocer Southern California Edison $ 10,000.00 80426 10/10/01 HomeGrocer Pinkerton $ 11,985.00 80433 10/10/01 HomeGrocer Burns International Security Service $ 25.00 80435 10/10/01 HomeGrocer California Water Service Company $ 363.25 80444 10/10/01 HomeGrocer Pacific Bell $ 478.78 80448 10/10/01 HomeGrocer San Diego Gas & Electric $ 6,240.27 80451 10/10/01 HomeGrocer Verizon $ 133.55 80453 10/10/01 HomeGrocer Waste Management $ 221.30 80468 10/17/01 HomeGrocer City of San Diego $ 233.82 80477 10/17/01 HomeGrocer Southern California Edison $ 10,000.00 80482 10/24/01 HomeGrocer Arthur Andersen LLP $ 12,820.49 80483 10/24/01 HomeGrocer Gary Merlino Construction Co., Inc $ 14,400.00 80498 10/25/01 HomeGrocer Mohler, Nixon & Williams $ 7,980.39 Wire 10/04/01 HomeGrocer ADP $ 9,525.51 Wire 10/05/01 HomeGrocer ADP $ 26,601.29 Wire 10/11/01 HomeGrocer ADP $ 58,833.29 Wire 10/12/01 HomeGrocer ADP $ 110,395.37 Wire 10/16/01 HomeGrocer Aetna $ 24,048.07 Wire 10/18/01 HomeGrocer ADP $ 19,094.71 Wire 10/18/01 HomeGrocer ADP $ 70,493.43 Wire 10/26/01 HomeGrocer ADP $ 2,016.68 Wire 10/12/01 HomeGrocer ADP $ 67,035.26 ------------ Total $ 731,920.55 ============
Webvan Group Inc. Post Petition Disbursements Webvan Operations, Inc. October 1 - October 31, 2001 Check Number Check Date Unit Vendor Name Check Amount ------------ ---------- ---- ----------- ------------ 80498 10/25/01 Opco Mohler, Nixon & Williams $ 112.66 80482 10/24/01 Opco Arthur Andersen LLP $ 181.00 Wire 10/04/01 Opco ADP $ 134.48 Wire 10/05/01 Opco ADP $ 375.55 Wire 10/11/01 Opco ADP $ 830.59 Wire 10/12/01 Opco ADP $ 1,558.52 Wire 10/12/01 Opco ADP $ 946.38 Wire 10/16/01 Opco Aetna $ 339.50 Wire 10/18/01 Opco ADP $ 269.57 Wire 10/18/01 Opco ADP $ 995.20 Wire 10/26/01 Opco ADP $ 28.47 ------------ Total $ 5,771.92 ============ WEBVAN GROUP, INC. STATEMENT OF OPERATIONS OCTOBER 2001 (Dollars in Thousands) Oct. 2001 Notes ------------------ ----------- REVENUES - COST OF GOODS SOLD - OPERATING EXPENSES [A] Net Payroll (1,033) Payroll Taxes & Benefits (336) Sales, Use, and Other Taxes (84) Insurance (197) Inventory Purchases - Secured/Rental/Leases (922) Administrative & Selling (491) ------------------ Total Operating Expenses (3,063) OTHER INCOME AND EXPENSES - [B] REORGANIZATION ITEMS Professional Fees (48) U.S. Trustee Fees (0) Court Costs 1 ------------------ Total Reorganization Items (47) NET PROFIT/(LOSS) (3,111) Notes: ----- [A] This statement of operations represents cash disbursements during the period 10/1- 10/30. Certain Operating Expenses may have been accrued for in prior periods. [B] Webvan sold certain assets during the period. The gain/loss calculation is in process and will be reported in future periods. Webvan Group, Inc. and Subsidiary Consolidated Balance Sheet (in thousands)
October 31, 2001 July 13, 2001 ---------------- ------------- Assets Current Assets Cash and Equivalents $ 18,763 $ 20,050 Accounts Receivable, Net 134 1,705 Inventories - 6,480 Prepaid Expenses and other current assets 392 7,656 ------------- ------------ Total current assets 19,289 35,892 Property, Equipment and Leasehold Improvements, Net 40,169 283,948 Goodwill, Net 649,209 690,926 Loan Fees, Net 14,709 18,843 Investments 3,000 3,000 Deposits and other long term assets 3,929 8,310 Restricted Cash 5,427 13,411 ------------- ------------ Total Assets $ 735,733 $ 1,054,330 ============= ============ Liabilities and Stockholders' Equity Current Liabilities Accounts payable $ - $ 9,716 Accrued liabilities ` 24,352 Other current liabilities - 29 Current portion of capital lease obligation - 5,797 Current portion of long-term debt - 8,584 ------------- ------------ Total current liabilities - 48,478 Deferred Rent - 4,804 Capital Lease obligations - 19,393 Long-Term Debt - 5,750 Liabilities Subject to Compromise 70,155 8,927 Redeemable Common Stock - - Stockholders' Equity 665,578 966,978 ------------- ------------ Total Liabilities and Stockholders' Equity $ 735,733 $ 1,054,330 ============= ============
Note: Property, Plant & Equipment (PP&E) is listed at net book value, which does not indicate liquidation value. The liquidation value of PP&E as well as goodwill is likely to differ significantly from the stated values. As a result, the stockholders' equity value should not be relied upon as an indication of equity value. WEBVAN GROUP, INC. SUMMARY of POST-PETITION TAXES
Notes ----- Beginning Amount Amount Date Ending Tax Liability Withheld/Accrual Paid Paid Tax Liability [A] ------------------------------------------------------------------------------ Federal Withholding - 283,307 (283,307) Oct 4, 11, 18, 25 - FICA--Employee - 19,504 (19,504) Oct 4, 11, 18, 25 - FICA--Employer - 19,503 (19,503) Oct 4, 11, 18, 25 - Federal Unemployment - 15 (15) Oct 4, 11, 18, 25 - Income - - - - ------------------------------------------- ---------- Total Federal Taxes - 322,329 (322,329) - State and Local Withholding - 50,994 (50,994) Oct 4, 11, 18, 25 - Sales - - Unemployment - 263 (263) Oct 4, 11, 18, 25 - Real/Personal Property & Corp. Tax 668,342 - 668,342 ------------------------------------------- ---------- Total State and Local 668,342 51,257 (51,257) 668,342 Total Taxes 668,342 373,586 (373,586) 668,342 =========================================== ==========
Notes: ----- [A] All payroll taxes are paid on behalf of the Debtors by ADP. See attached ADP summaries for details. WEBVAN GROUP, INC. POST PETITION A/P AGING OCTOBER 31, 2001 (in thousands) As of October 31, 2001 there was no open post-petition accounts payable. WEBVAN GROUP, INC. ACCOUNTS RECEIVABLE AGING SUMMARY October 2001 Dollars in Thousands
Gross Reserve Net ----- ------- --- Total Accounts Receivable at the beginning of the reporting period 1,966 (1,622) 344 + Amounts billed during the period - - Amounts Collected during the period (150) (150) + Positive adjustments 18 18 - Write offs/negative adjustments (78) (78) ----------------------------------------------------- Total Accounts Receivable at the end of the reporting period 1,756 (1,622) 134 =====================================================
Webvan Trade Receivables Aging Summary ----------------------------- $ AMT ----------------------------- DESC Total ----------------- 31-60 61-90+ 36 ----------------------------- Grand Total 36 ----------------------------- Webvan Vendor Receivables Aging Summary ----------------------------- $ Amount ----------------------------- Aging Cat Total ----------------- FY 2000 415 Q1 2001 770 Q2/3 2001 535 ----------------------------- Grand Total 1,720 ----------------------------- Accounts Receivable Reconciliation Vendor AR $ 1,720 Trade AR 36 ------------ AR (Gross) 1,756 Reserve (1,622) ------------ AR Per Balance Sheet $ 134 ============ Webvan Group, Inc. Debtor Questionnaire 1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below. During the reporting period, the debtor sold/auctioned certain assets, including vehicles warehouse equipment, and computer equipment. All sales were conducted in accordance with bankruptcy court orders. Proceeds from such sales have been segregated in a special bank account. 2. Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation below. No. Proceeds from the sales of items listed in (1.) above have been segregated into a separate bank account with no disbursements thereof. 3. Have all postpetition tax returns been timely filed? If no, provide an explanation below. The debtor filed federal and state income tax returns, as well as state sales tax returns. All payroll taxes items are handled by ADP and are filed timely. The debtor has received certain property tax or other local business tax forms which have not been filed. Letters have been sent to certain municipalities informing them of the closure of our business. 4. Are workers compensation, general liability and other necessary insurance coverages in effect? If no, provide an explanation below. Yes. UNITED STATES BANKRUPTCY COURT __________ DISTRICT OF Delaware -------- In re Webvan Operations, Inc. Case No. 01-2405 ---------------------- --------------------------- Reporting Period: Oct. 2001 ------------------ MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month Submit copy of report to any official committee appointed in the case.
----------------------------------------------------------------------------------------------------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ----------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] ----------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CONT) [X] ----------------------------------------------------------------------------------------------------------------- Copies of bank statements [X] ----------------------------------------------------------------------------------------------------------------- Cash disbursements journals [X] ----------------------------------------------------------------------------------------------------------------- Statement of Operations MOR-2 [X] ----------------------------------------------------------------------------------------------------------------- Balance Sheet MOR-3 [X] ----------------------------------------------------------------------------------------------------------------- Status of Postpetition Taxes MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Copies of IRS Form 6123 or payment receipt [X] ----------------------------------------------------------------------------------------------------------------- Copies of tax returns filed during reporting period [X] ----------------------------------------------------------------------------------------------------------------- Summary of Unpaid Postpetition Debts MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Listing of aged accounts payable [X] ----------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation and Aging MOR-5 [X] ----------------------------------------------------------------------------------------------------------------- Debtor Questionnaire MOR-5 [X] -----------------------------------------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. ______________________________________ _______________________________ Signature of Debtor Date ______________________________________ _______________________________ Signature of Joint Debtor Date /s/ Mark Holtzman 11/19/01 -------------------------------------- ------------------------------- Signature of Authorized Individual* Date Mark Holtzman Vice President & Controller -------------------------------------- ------------------------------- Printed Name of Authorized Individual Title of Authorized Individual * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. Webvan Operations, Inc. Monthly Operating Report The debtor did not operate during the reporting period. All disbursements were paid by Webvan Group, Inc. (Case No. 01-2404). Please refer to the Monthly Operating Report of Webvan Group, Inc. for details. UNITED STATES BANKRUPTCY COURT __________ DISTRICT OF Delaware -------- In re Webvan Bay Area Case No. 01-2406 --------------- --------------------------- Reporting Period: Oct. 2001 ------------------ MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month Submit copy of report to any official committee appointed in the case.
----------------------------------------------------------------------------------------------------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ----------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] ----------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CONT) [X] ----------------------------------------------------------------------------------------------------------------- Copies of bank statements [X] ----------------------------------------------------------------------------------------------------------------- Cash disbursements journals [X] ----------------------------------------------------------------------------------------------------------------- Statement of Operations MOR-2 [X] ----------------------------------------------------------------------------------------------------------------- Balance Sheet MOR-3 [X] ----------------------------------------------------------------------------------------------------------------- Status of Postpetition Taxes MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Copies of IRS Form 6123 or payment receipt [X] ----------------------------------------------------------------------------------------------------------------- Copies of tax returns filed during reporting period [X] ----------------------------------------------------------------------------------------------------------------- Summary of Unpaid Postpetition Debts MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Listing of aged accounts payable [X] ----------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation and Aging MOR-5 [X] ----------------------------------------------------------------------------------------------------------------- Debtor Questionnaire MOR-5 [X] -----------------------------------------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. ______________________________________ _______________________________ Signature of Debtor Date ______________________________________ _______________________________ Signature of Joint Debtor Date /s/ Mark Holtzman 11/19/01 -------------------------------------- ------------------------------- Signature of Authorized Individual* Date Mark Holtzman Vice President & Controller -------------------------------------- ------------------------------- Printed Name of Authorized Individual Title of Authorized Individual * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. Webvan Bay Area Monthly Operating Report The debtor did not operate during the reporting period. All disbursements were paid by Webvan Group, Inc. (Case No. 01-2404). Please refer to the Monthly Operating Report of Webvan Group, Inc. for details. UNITED STATES BANKRUPTCY COURT __________ DISTRICT OF Delaware -------- In re HomeGrocer.Com, Inc. Case No. 01-2407 ------------------- --------------------------- Reporting Period: Oct. 2001 ------------------ MONTHLY OPERATING REPORT File with Court and submit copy to United States Trustee within 20 days after end of month Submit copy of report to any official committee appointed in the case.
----------------------------------------------------------------------------------------------------------------- DOCUMENT EXPLANATION REQUIRED DOCUMENTS FORM NO. ATTACHED ATTACHED ----------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] ----------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CONT) [X] ----------------------------------------------------------------------------------------------------------------- Copies of bank statements [X] ----------------------------------------------------------------------------------------------------------------- Cash disbursements journals [X] ----------------------------------------------------------------------------------------------------------------- Statement of Operations MOR-2 [X] ----------------------------------------------------------------------------------------------------------------- Balance Sheet MOR-3 [X] ----------------------------------------------------------------------------------------------------------------- Status of Postpetition Taxes MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Copies of IRS Form 6123 or payment receipt [X] ----------------------------------------------------------------------------------------------------------------- Copies of tax returns filed during reporting period [X] ----------------------------------------------------------------------------------------------------------------- Summary of Unpaid Postpetition Debts MOR-4 [X] ----------------------------------------------------------------------------------------------------------------- Listing of aged accounts payable [X] ----------------------------------------------------------------------------------------------------------------- Accounts Receivable Reconciliation and Aging MOR-5 [X] ----------------------------------------------------------------------------------------------------------------- Debtor Questionnaire MOR-5 [X] -----------------------------------------------------------------------------------------------------------------
I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. ______________________________________ _______________________________ Signature of Debtor Date ______________________________________ _______________________________ Signature of Joint Debtor Date /s/ Mark Holtzman 11/19/01 -------------------------------------- ------------------------------- Signature of Authorized Individual* Date Mark Holtzman Vice President & Treasurer -------------------------------------- ------------------------------- Printed Name of Authorized Individual Title of Authorized Individual * Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company. HomeGrocer.com, Inc. Monthly Operating Report The debtor did not operate during the reporting period. All disbursements were paid by Webvan Group, Inc. (Case No. 01-2404). Please refer to the Monthly Operating Report of Webvan Group, Inc. for details.