EX-99.1 3 dex991.txt THE MONTHLY OPERATING REPORTS EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT _________ DISTRICT OF DELAWARE -------- In re Webvan Group, Inc. Case No. 01-2404 ------------------ --------------------- Reporting Period: Sept, 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.
--------------------------------------------------------------------------------------------------------------------- Form Document Explanation REQUIRED DOCUMENTS No. Attached Attached --------------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] --------------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CON'T) [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 Oct. 18, 2001 --------------------------------------- ------------------------------- 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 GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS SEPTEMBER 2001 (Dollars in Thousands) Sept 2001 Cash Beginning of Month 17,061 RECEIPTS Cash Sales - Accounts Receivable 523 Sale of Assets 2,755 Other: Interest/Dividends 33 Returned Deposits 292 Chargebacks - ------- Total Cash Receipts 3,603 DISBURSEMENTS Net Payroll (700) Payroll Taxes & Benefits (1,730) Sales, Use, and Other Taxes (2) Insurance (743) Inventory Purchases - Occupancy (1,611) Occupancy Expenses-Other (4) Leases (84) Secured/Rental/Leases (1,699) Office Services (7) Supplies (1) Transportation (0) Travel & Entertainment (24) Marketing - Royalties/Franchise Fees - Other (25) Professional Services (79) Utilities (488) Administrative & Selling (624) Professional Fees - U.S. Trustee Fees - Court Costs - ------- Total Disbursements (5,499) Net Cash Flow (1,896) Cash End of Month 15,165 WEBVAN GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES SEPTEMBER 2001 (Dollars in Thousands) Sept 2001 Total Disbursements 5,499 Less: Transfers to Debtor In Possession Accounts - Plus: Estate Disbursements Made by Outside Sources - -------- Total Disbursements for Calculating U.S. Trustee Quarterly Fees 5,499 WEBVAN GROUP, INC. BANK RECONCILIATIONS As of September 30, 2001 Dollars in Thousands
--------------------------------------------------------------------------------------------------------- Operating Operating Operating Operating Operating Payroll Payroll (ZBA) Payroll (ZBA) 4187-298286 4124-124595 901000571 1-535-9097-8067 1-535-0179-2367 4038-330031 4038-143145 4496-817172 --------------------------------------------------------------------------------------------------------- BALANCE PER BOOKS $ 195 $ 3,921 $ - $ 80 $ - $ 41 $ - $ - --------------------------------------------------------------------------------------------------------- BANK BALANCE 774 3,921 - 80 - 461 - - Plus: Deposits in Transit Less: Outstanding Checks 562 420 Other (17) --------------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ 195 $ 3,921 $ - $ 80 $ - $ 41 $ - $ - ========================================================================================================= - - - - - - - -
Notes: [A] Reconciliation to Ending Cash on Receipts and Disbursements Schedule Balance per Books $ 15,273 Payroll (41)[B] September interest income (70)[C] Rounding 3 -------- Balance per Books-Cash Schedule $ 15,165 ======== [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. [C] Interest earned on investments during September was recorded in the cash model in October due to the timing of receipt of the investment statements. WEBVAN GROUP, INC. BANK RECONCILIATIONS As of September 30, 2001 Dollars in Thousands
--------------------------------------------------------------------------------------------------- Payroll (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) 4496-846338 4496-844655 4047-100029 4496-844663 4496-838996 4496-857293 --------------------------------------------------------------------------------------------------- BALANCE PER BOOKS $ - $ - $ - $ - $ - $ - --------------------------------------------------------------------------------------------------- BANK BALANCE - - - - - - Plus: Deposits in Transit Less: Outstanding Checks Other --------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ - $ - $ - $ - $ - $ - =================================================================================================== - - - - - - ------------------------------------- Merchant (ZBA) Merchant (ZBA) 4496-847294 4496-893256 ------------------------------------- BALANCE PER BOOKS $ - $ - ------------------------------------- BANK BALANCE - - Plus: Deposits in Transit Less: Outstanding Checks Other ------------------------------------- ADJUSTED BANK BALANCE $ - $ - ===================================== - -
WEBVAN GROUP, INC. BANK RECONCILIATIONS As of September 30, 2001 Dollars in Thousands
---------------------------------------------------------------------------- Merchant (ZBA) Investment Investment 1-535-9125-9095 14-78C43 18051631 Totals ---------------------------------------------------------------------------- BALANCE PER BOOKS $ - $ 10,764 $ 272 $ 15,273 ---------------------------------------------------------------------------- BANK BALANCE - 10,764 272 16,272 Plus: Deposits in Transit - Less: Outstanding Checks 982 Other (17) ----------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ - $ 10,764 $ 272 $ 15,273 ============================================================================= - - -
WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS SUMMARY SEPTEMBER 1 -- SEPTEMBER 30, 2001 Legal Entity Amount ----------------------------------------------- Webvan Group 4,066,954.54 Webvan Bay Area - Home Grocer 1,420,480.60 Webvan Operations 11,881.55 ------------- 5,499,316.69 1 of 7 WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS WEBVAN GROUP SEPTEMBER 1 -- SEPTEMBER 30, 2001
Check Number Date Payee Amount --------------------------------------------------------------------------------------- 080207 9/4/2001 AMB Property, L.P. 304,114.42 080219 9/4/2001 Carol Stream Industrial, Inc. 114,572.52 080208 9/4/2001 Commerce Park - Foster City 13,490.44 080226 9/4/2001 Controlled Contamination Services 6,900.00 080217 9/4/2001 Dublin Properties Inc 156,528.08 080211 9/4/2001 Northwestern Mutual Life Insurance Co 125,933.50 080213 9/4/2001 ProLogis Trust 16,356.19 080214 9/4/2001 Simon Chang 16,668.00 080215 9/4/2001 Vintage Island Partners 145,704.83 080248 9/5/2001 Abbott, Todd 196.72 080227 9/5/2001 AboveNet 24,540.08 080231 9/5/2001 ADP, Inc. 2,694.59 080247 9/5/2001 Alizadeh,Tandis 108.21 080252 9/5/2001 Chieften Resources 3,187.50 080233 9/5/2001 City of Foster City 70.74 080245 9/5/2001 Evans, Sandra 565.65 080235 9/5/2001 Fairfax County Water Authority 9.10 080236 9/5/2001 Federal Express Corporation 383.87 080228 9/5/2001 Hewlett Packard 91,561.83 080239 9/5/2001 Holtzman,Mark 455.00 080238 9/5/2001 M&M Repair 1,895.84 080240 9/5/2001 Mechanic Refrigeration Company 1,892.00 080241 9/5/2001 National Elevator Company, Inc 135.00 080242 9/5/2001 Office Team 910.00 080253 9/5/2001 Pacific Gas and Electric 206,675.24 080244 9/5/2001 Residence Inn Oyster Point 235.44 080251 9/5/2001 Roadway Express 939.59 080246 9/5/2001 Seed Intellectual Property Law Group 58.13 080234 9/5/2001 Williams,Dara 48.39 080243 9/5/2001 Wright,Patrick 85.00 080256 9/7/2001 Beyer, Weaver and Thomas LLP 8,600.00 080255 9/7/2001 Carter & Makey Janitorial Service 1,175.00 080254 9/7/2001 MG Disposal 1,128.52 080257 9/7/2001 Pinkerton 6,024.80 080258 9/12/2001 ADP, Inc. 6,182.08 080260 9/12/2001 Airborne Express 201.26 080282 9/12/2001 Alizadeh,Tandis 77.00 080261 9/12/2001 Ameritech 33.57 080263 9/12/2001 Bay Cities Lock & Safe 24.56 080262 9/12/2001 BGE 55.69 080264 9/12/2001 Bokman,Brian 3,150.93 080265 9/12/2001 Browning Ferris Industries 446.96
2 of 7 WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS WEBVAN GROUP SEPTEMBER 1 -- SEPTEMBER 30, 2001
Check Number Date Payee Amount --------------------------------------------------------------------------------------- 080267 9/12/2001 California Security Alarms, Inc. 35.00 080266 9/12/2001 CCH Washington Service Bureau 75.00 080268 9/12/2001 Chicago Trailer Pool 169.23 080280 9/12/2001 Evans, Sandra 1,154.26 080273 9/12/2001 Federal Express Corporation 143.49 080269 9/12/2001 Hyman,David 2,795.44 080274 9/12/2001 Justice,Flynn 1,094.62 080276 9/12/2001 Mary Alice Taylor 553.17 080277 9/12/2001 Office Team 910.00 080278 9/12/2001 Pacific Bell 439.96 080285 9/12/2001 Pinkerton 5,056.00 080279 9/12/2001 Residence Inn Oyster Point 780.44 080281 9/12/2001 Sprint 107.86 080283 9/12/2001 United Parcel Service 110.83 080284 9/12/2001 Virginia Power 1,474.97 080287 9/13/2001 Department of Labor & Industries 11,506.80 080320 9/18/2001 ADP, Inc. 855.27 080322 9/18/2001 Airborne Express 101.61 080313 9/18/2001 AT&T 8.67 080321 9/18/2001 AT&T Wireless Services 58.53 080323 9/18/2001 Chicago Trailer Pool 90.00 080326 9/18/2001 Colliat,George 243.22 080314 9/18/2001 Evans, Sandra 714.67 080325 9/18/2001 Federal Express Corporation 26.52 080338 9/18/2001 Jackson Electric Membership Corporation 16,194.15 080330 9/18/2001 McKinney Trailers and Containers 1,471.19 080327 9/18/2001 McPherson,Heidi 284.12 080331 9/18/2001 Office Team 728.00 080317 9/18/2001 Pacific Gas and Electric 87,660.00 080328 9/18/2001 Parikh,Julie 202.72 080333 9/18/2001 Peninsula Janitorial Service Co. 4,127.00 080334 9/18/2001 Phillips Landscape 1,472.24 080335 9/18/2001 Pinkerton 6,024.80 080329 9/18/2001 Prugh, Karen 70.28 080315 9/18/2001 Service Vending Systems, Inc. 284.60 080337 9/18/2001 Zurich U.S. 1,149.36 080339 9/19/2001 NMHG Financial Services 1,864.24 080340 9/20/2001 Moody, John 10,000.00 080341 9/24/2001 AMB Property, L.P. 227,336.20 080344 9/24/2001 Evans, Sandra 1,157.66 080342 9/24/2001 Jackson Electric Membership Corporation 17,833.79 080343 9/24/2001 Residence Inn Oyster Point 872.00
3 of 7 WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS WEBVAN GROUP SEPTEMBER 1 -- SEPTEMBER 30, 2001 Check Number Date Payee Amount ------------------------------------------------------------------------- 080345 9/24/2001 ThyssenKrupp Elevator 184.91 080347 9/25/2001 Bay Cities Lock & Safe 76.89 080354 9/26/2001 ADP, Inc. 563.19 080350 9/26/2001 AT&T 73,276.37 080348 9/26/2001 Beyer, Weaver and Thomas LLP 2,000.00 080353 9/26/2001 Evans, Sandra 186.50 080351 9/26/2001 Holtzman,Mark 339.77 080352 9/26/2001 Pinkerton 5,056.00 WIRE 9/25/2001 Merrill Lynch 1,001,874.74 WIRE 9/28/2001 ADP 130,215.22 WIRE 9/27/2001 Wells Fargo 3,666.54 WIRE 9/4/2001 AFCO 542,908.26 WIRE 9/6/2001 ADP 32,490.06 WIRE 9/11/2001 ADP 15,985.89 WIRE 9/13/2001 ADP 73,023.16 WIRE 9/14/2001 ADP 27,301.56 WIRE 9/28/2001 Wells Fargo 49.54 WIRE 9/19/2001 ADP 212,664.91 WIRE 9/21/2001 ADP 273,836.85 -------------- 4,066,954.54 4 of 7 WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS WEBVAN BAY AREA SEPTEMBER 1 -- SEPTEMBER 30, 2001 There were no disbursements from Webvan Bay Area during the period in question. 5 of 7 WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS HOME GROCER SEPTEMBER 1 -- SEPTEMBER 30, 2001
Check Number Date Payee Amount ----------------------------------------------------------------------------------------- 080218 9/4/2001 Benaroya Capital Company 139,140.00 080223 9/4/2001 City of Renton 124.89 080220 9/4/2001 Fullerton Crossroads 49,797.20 080209 9/4/2001 Iowa Employers Retirement 49,310.18 080224 9/4/2001 Lusk Mira Mesa Business Park East I 400.00 080210 9/4/2001 MBC Springbelt LLC 71,895.53 080212 9/4/2001 PDC Properties, Inc. 33,768.09 080221 9/4/2001 Waples Corporation 70,962.64 080222 9/4/2001 Watson Partners L.P. 79,224.26 080237 9/5/2001 Federal Express Corporation 804.14 080250 9/5/2001 Southern California Edison 40,000.00 080286 9/12/2001 Azusa Light & Water 594.85 080272 9/12/2001 Federal Express Corporation 55.29 080270 9/12/2001 FS Commercial Landscape 395.00 080275 9/12/2001 Gustavus,John 247.00 080324 9/18/2001 City of San Diego 427.80 080332 9/18/2001 PDC Properties, Inc. 875.00 080319 9/18/2001 Southern California Edison 40,000.00 080336 9/18/2001 Wada, Jennifer 399.21 080346 9/24/2001 Gerlock Trucking 450.00 WIRE 9/25/2001 Merrill Lynch 364,968.65 WIRE 9/28/2001 ADP 47,435.54 WIRE 9/4/2001 AFCO 197,773.72 WIRE 9/6/2001 ADP 11,835.67 WIRE 9/11/2001 ADP 5,823.43 WIRE 9/13/2001 ADP 26,601.29 WIRE 9/14/2001 ADP 9,945.57 WIRE 9/19/2001 ADP 77,470.79 WIRE 9/21/2001 ADP 99,754.85 ------------- 1,420,480.60
6 of 7 WEBVAN GROUP, INC. POST PETITION DISBURSEMENTS WEBVAN OPERATIONS SEPTEMBER 1 -- SEPTEMBER 30, 2001 Check Number Date Payee Amount --------------------------------------------------------------------- WIRE 9/4/2001 AFCO 2,792.10 WIRE 9/6/2001 ADP 167.09 WIRE 9/11/2001 ADP 82.21 WIRE 9/13/2001 ADP 375.55 WIRE 9/14/2001 ADP 140.41 WIRE 9/19/2001 ADP 1,093.71 WIRE 9/21/2001 ADP 1,408.30 WIRE 9/25/2001 Merrill Lynch 5,152.50 WIRE 9/28/2001 ADP 669.68 ----------- 11,881.55 7 of 7 WEBVAN GROUP, INC. STATEMENT OF OPERATIONS SEPTEMBER 2001 (Dollars in Thousands)
Sept 2001 Notes --------- ----- REVENUES - COST OF GOODS SOLD - OPERATING EXPENSES [A] Net Payroll (700) Payroll Taxes & Benefits (1,730) Sales, Use, and Other Taxes (2) Insurance (743) Inventory Purchases - Secured/Rental/Leases (1,699) Administrative & Selling (624) ---------- Total Operating Expenses (5,499) OTHER INCOME AND EXPENSES - [B] REORGANIZATION ITEMS Professional Fees - U.S. Trustee Fees - Court Costs - ---------- Total Reorganization Items - NET PROFIT/(LOSS) (5,499)
Notes: ----- [A] This statement of operations represents cash disbursements during the period 9/1-9/30. 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. 1 of 1 ------------------------------------------------------------------------------- Webvan Group, Inc. and Subsidiary Consolidated Balance Sheet (in thousands) ------------------------------------------------------------------------------
September 30, 2001 July 13, 2001 ------------------ ------------- Assets Current Assets Cash and Equivalents $ 15,273 $ 20,050 Accounts Receivable, Net 345 1,705 Inventories - 6,480 Prepaid Expenses and other current assets 1,910 7,656 ---------- ---------- Total current assets 17,528 35,892 Property, Equipment and Leasehold Improvements, Net 159,343 283,948 Goodwill, Net 649,209 690,926 Loan Fees, Net 14,756 18,843 Investments 3,000 3,000 Deposits and other long term assets 4,096 8,310 Restricted Cash 7,924 13,411 ---------- ---------- Total Assets $ 855,857 $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 72,932 8,927 Redeemable Common Stock - - Stockholders' Equity 782,926 966,978 ---------- ---------- Total Liabilities and Stockholders' Equity $ 855,857 $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 - 251,230 (251,230) Sept 6, 14, 19, 28 - FICA--Employee - 22,966 (22,966) Sept 6, 14, 19, 28 - FICA--Employer - 22,966 (22,966) Sept 6, 14, 19, 28 - Federal Unemployment - 97 (97) Sept 6, 14, 19, 28 - Income - - - - ------------------------------------------- ------------- Total Federal Taxes - 297,260 (297,260) - State and Local Withholding - 38,395 (38,395) Sept 6, 14, 19, 28 - Sales - - Unemployment - 706 (706) Sept 6, 14, 19, 28 - Real/Personal Property & Corp. Tax 668,342 - 668,342 ------------------------------------------- ------------- Total State and Local 668,342 39,101 (39,101) 668,342 Total Taxes 668,342 336,361 (336,361) 668,342 =========================================== =============
Notes: ----- [A] All payroll taxes are paid on behalf of the Debtors by ADP. See attached ADP summaries for details. 1 of 1 WEBVAN GROUP, INC. POST PETITION A/P AGING SEPTEMBER 30, 2001 (in thousands) As of September 30, 2001 there was no open post-petition accounts payable. WEBVAN GROUP, INC. ACCOUNTS RECEIVABLE AGING SUMMARY September 2001 Dollars in Thousands
Gross Reserve Net ----- ------- --- Total Accounts Receivable at the beginning of the reporting period 2,155 (1,621) 534 + Amounts billed during the period - - - Amounts Collected during the period (160) (160) + Positive adjustments - - Write offs/negative adjustments (29) (29) ------------------------------------- Total Accounts Receivable at the end of the reporting period 1,966 (1,621) 345 =====================================
Webvan Trade Receivables Aging Summary ------------------------------ $ Amount ------------------------------ DESC Total ------------------------------ 31-60 61-90+ 45 ------------------------------ Grand Total 45 ------------------------------ Webvan Vendor Receivables Aging Summary ------------------------------ $ Amount ------------------------------ Aging Cat Total ------------------------------ FY 2000 421 Q1 2001 847 Q2/3 2001 586 ------------------------------ Grand Total 1,855 ------------------------------ Accounts Receivable Reconciliation Vendor AR $ 1,855 (aging above) Trade AR 45 (aging above) Due from Bank - CC reserve 67 (all current) ------- AR (Gross) 1,966 Less: Reserves (1,621) ------- Accounts Receivable Per Balance Sheet $ 345 ======= 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 certain assets, including vehicle 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 that a debtor in possession account this reporting period? If yes, provide an explanation below. No. Proceeds from the sale 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 other local business tax forms which have not been filed. Letters have been sent to such 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 Periods Sept, 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.
------------------------------------------------------------------------------------------------------------- Form Document Explanation REQUIRED DOCUMENTS No. Attached Attached ------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] ------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliation) 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 Oct. 18, 2001 -------------------------------------- --------------------- 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: Sept, 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.
--------------------------------------------------------------------------------------------------------------------- Form Document Explanation REQUIRED DOCUMENTS No. Attached Attached --------------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] --------------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CON'T) [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 Oct. 18, 2001 --------------------------------------- ------------------------------- 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, 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 HomeGrocer.com, Inc. Case No. 01-2407 -------------------- --------------------- Reporting Period: Sept, 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.
--------------------------------------------------------------------------------------------------------------------- Form Document Explanation REQUIRED DOCUMENTS No. Attached Attached --------------------------------------------------------------------------------------------------------------------- Schedule of Cash Receipts and Disbursements MOR-1 [X] --------------------------------------------------------------------------------------------------------------------- Bank Reconciliation (or copies of debtor's bank reconciliations) MOR-1 (CON'T) [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 Oct. 18, 2001 --------------------------------------- ------------------------------- 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. 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.