EX-99.2 4 dex992.txt MONTHLY OPERATING REPORT Exhibit 99.2 UNITED STATES BANKRUPTCY COURT ________DISTRICT OF Delaware -------- In re Webvan Group, Inc. Case No. 01-2404 ------------------ ------------- Reporting Period: August 1-31, 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] [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 Sept. 19, 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 AUGUST 2001 (Dollars in Thousands) August 2001 ------------------- Cash Beginning of Month 17,563 RECEIPTS Cash Sales - Accounts Receivable 1,362 Sale of Assets 1,194 Other: Interest/Dividends 106 Returned Deposits 4 Chargebacks - ------------------- Total Cash Receipts 2,666 DISBURSEMENTS Net Payroll (475) Payroll Taxes & Benefits (456) Sales, Use, and Other Taxes (1) Insurance - Inventory Purchases - Secured/Rental/Leases (1,333) Administrative & Selling 902) Professional Fees - U.S. Trustee Fees - Court Costs - -------------------- Total Disbursements (3,168) Net Cash Flow (502) Cash End of Month 17,061 WEBVAN GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES AUGUST 2001 (Dollars in Thousands)

August 2001 Total Disbursements (3,168) Less: Transfers to Debtor In Possession Accounts - Plus: Estate Disbursements Made by Outside Sources - -------------- Total Disbursements for Calculating U.S. Trustee Quarterly Fees (3,168)

WEBVAN GROUP, INC. BANK RECONCILIATIONS As of August 31, 2001 Dollars in Thousands

-------------------------------------------------------------------------------------------------- Operating Operating Operating Operating Operating Operating 4187-298286 4124-124595 901000571 1-535-9097-8067 1-535-0179-2367 0032-7339-4587 -------------------------------------------------------------------------------------------------- BALANCE PER BOOKS $ 821 $ 3,794 $ 13 $ 80 $ - $ - ================================================================================================== BANK BALANCE 1,038 1,194 16 80 - - Plus: Deposits in Transit 2,600 - Less: Outstanding Checks 199 3 Other (18) -------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ 821 $ 3,794 $ 13 $ 80 $ - $ - ================================================================================================== - - - - - - Notes: [A] Reconciliation to Ending Cash on Receipts and Disbursements Schedule Balance per Books $ 19,669 Operating Account (90100571) (13)[B] Operating Account (4124124595) (2,600)[C] Payroll 5 [D] ---------------- Balance per Books-Cash Schedule $ 17,061 [B] This operating account was not included in the cash model as of 8/31. Funds were transferred to the main operating account on 8/3, with the remainder transferred on 9/10. [C] Funds for inventory sales were included in the book balance as of 8/31, but were not included in the cash model cash balance as the funds were maintained in a trust account at bankruptcy counsel as of 8/31. [D] The cash model assumes that payroll is pre-funded to the payroll account each week, therefore the payroll account balance is not ncuded in the cash model cash balance.

WEBVAN GROUP, INC. BANK RECONCILIATIONS As of August 31, 2001 Dollars in Thousands

--------------------------------------------------------------------------------------------------- Payroll (ZBA) Payroll (ZBA) Payroll (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) 4038-143145 4496-817172 4496-846338 4496-844655 4047-100029 4496-844663 --------------------------------------------------------------------------------------------------- BALANCE PER BOOKS $ (5) $ - $ - $ - $ - $ - --------------------------------------------------------------------------------------------------- BANK BALANCE 284 - - - - - Plus: Deposits in Transit Less: Outstanding Checks 289 Other --------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ (5) $ - $ - $ - $ - $ - --------------------------------------------------------------------------------------------------- - - - - - -

WEBVAN GROUP, INC. BANK RECONCILIATIONS As of August 31, 2001 Dollars in Thousands

--------------------------------------------------------------------------------------------------- Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) Merchant (ZBA) 4496-844663 4496-838996 4496-857293 4496-847294 4496-893256 1-535-9125-9095 --------------------------------------------------------------------------------------------------- BALANCE PER BOOKS $ - $ - $ - $ - $ - $ - =================================================================================================== BANK BALANCE - - - - - - Plus: Deposits in Transit Less: Outstanding Checks Other --------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE $ - $ - $ - $ - $ - $ - =================================================================================================== - - - - - -

WEBVAN GROUP, INC. BANK RECONCILIATIONS As of August 31, 2001 Dollars in Thousands ------------------------------------------- Investment Investment 14-78C43 18051631 Totals ------------------------------------------- BALANCE PER BOOKS $ 14,730 $ 236 $ 19,669 =========================================== BANK BALANCE 14,730 236 17,578 Plus: Deposits in Transit 2,600 Less: Outstanding Checks 491 Other (18) ------------------------------------------- ADJUSTED BANK BALANCE $ 14,730 $ 236 $ 19,669 =========================================== - - WEBVAN GROUP, INC. POST-PETITION DISBURSEMENTS BY CHECK AUGUST 2001 Check Check Number Date Payee Amount -------------------------------------------------------------------------------- 80033 07/31/01 Roadway Express 108.00 80034 08/02/01 Vintage Island Partners 145,704.83 80035 08/02/01 Commerce Park 13,490.44 80036 08/02/01 Harbor Belmont Assoc. 15,639.00 80037 08/02/01 Simon Chang VOID 80038 08/02/01 PDC Properties, Inc. 33,768.09 80039 08/02/01 Iowa Employers Retirement 49,310.18 80040 08/02/01 AMB Property VOID 80041 08/02/01 Northwetern Mutual 125,933.50 80042 08/02/01 AMB Property 129,240.42 80043 08/02/01 Dublin Properties VOID 80044 08/02/01 Carol Stream Industrial 114,572.52 80045 08/02/01 Benaroya Capital Company 220,426.76 80046 08/02/01 Waples Corporation 70,962.64 80047 08/02/01 Lusk Mira Mesa Bus Park 410.00 80048 08/02/01 Lincoln-Recp 49,767.20 80049 08/02/01 Watson Partners 79,224.26 80050 08/02/01 Burns International Security 5,584.00 80051 08/02/01 Waste Management 4,517.20 80052 08/02/01 Azusa Light 1,500.00 80053 08/02/01 Airborne Express 5,000.00 80054 08/03/01 City Moving VOID 80055 08/03/01 David Loria 224.80 80056 08/03/01 Bud Grebey 190.74 80057 08/03/01 Monica Johnson 59.86 80058 08/03/01 Bud Grebey 493.80 80059 08/03/01 Sandra Evans 78.90 80060 08/03/01 Flynn Justice 1,108.49 80061 08/03/01 Bunzl 1,458.56 80062 08/03/01 Office Team 944.13 80063 08/03/01 Swan Refrigeration 278.75 80064 08/06/01 Roadway Express 611.75 80065 08/06/01 City Moving 21,536.60 80066 08/07/01 Keith Brooks 900.00 80067 08/08/01 Pinkerton 6,221.68 80068 08/08/01 Sandra Evans 680.55 80069 08/08/01 Office Team 910.00 80070 08/08/01 Sandra Evans 436.98 80071 08/08/01 Mary Alice Taylor 1,835.07 80072 08/08/01 Burns International Security VOID 80073 08/09/01 Pinkerton 3,012.40 80074 08/09/01 Pinkerton 3,163.77 80075 08/09/01 Pinkerton 6,024.80 80076 08/09/01 J.M. Hydraulics VOID 80077 08/09/01 Burns International Security 10,946.00 80078 08/10/01 MBC Springbelt, LLC 67,095.28 80079 08/10/01 Southern CA Edison 22,500.00 80080 08/10/01 Southern CA Edison 22,500.00 80081 08/10/01 AT&T VOID 80082 08/10/01 Abovenet VOID 80083 08/10/01 AT&T VOID 80084 08/10/01 AT&T 101.44 80085 08/10/01 Ameritech 53.73 80086 08/10/01 Azusa Light & Water 5.40 80087 08/10/01 BG&E 231.96 80088 08/10/01 Bay Cities Lock & Safe 133.00 80089 08/10/01 BFI 293.64 80090 08/10/01 FedEx 54.88 80091 08/10/01 IOS Capital VOID 80092 08/10/01 Midco Waster Systems 133.15 80093 08/10/01 Nevada Power 222.71 80094 08/10/01 PSE&G 129.21 80095 08/10/01 PG&E VOID 80096 08/10/01 Qwest 409.74 80097 08/10/01 United Water New Jersey 137.43 80098 08/13/01 Martin Mercado 2,500.00 80099 08/14/01 AMS Mechanical Systems 1,911.00 80100 08/14/01 Roadway Express 448.07 80101 08/15/01 AT&T 10,878.81 80102 08/15/01 Bounty SCA Worldwide VOID 80103 08/15/01 David Hyman 2,239.05 80104 08/15/01 Hartz Mountain Industries 295.86 80105 08/15/01 Heidi McPherson 620.98 80106 08/15/01 Mary Alice Taylor 1,271.84 80107 08/15/01 Oak Harbor Freight Lines 1,635.94 80108 08/15/01 Sandra Evans 951.33 80109 08/15/01 Veritas Software VOID 80110 08/15/01 Georgia Natural Gas VOID 80111 08/15/01 Georgia Power VOID 80112 08/15/01 Guardsmark 8,736.00 80113 08/15/01 Marietta Power 694.29 80114 08/15/01 Olympian 57.47 80115 08/15/01 Xtra Lease 1,359.75 80116 08/15/01 Burns International Security 5,881.00 80117 08/15/01 ComEd VOID 80118 08/15/01 FedEx 230.29 80119 08/15/01 Kane Security Service 4,752.00 80120 08/15/01 Todd Abbott 68.27 80121 08/15/01 TruGreen Landcare 539.00 80122 08/15/01 San Diego Gas & Electric 2,960.11 80123 08/15/01 FedEx 38.36 80124 08/15/01 Pinkerton 16,815.00 80125 08/15/01 Aramark Uniform Services 12.45 80126 08/15/01 FedEx 63.63 80127 08/15/01 Greg Kent VOID 80128 08/15/01 Pugent Sound Energy VOID 80129 08/15/01 Pugent Sound Energy VOID 80130 08/16/01 Service Vending Systems, Inc. 2,947.87 80131 08/17/01 Burns International Security 5,584.00 80132 08/20/01 Jackson Electric VOID 80133 08/20/01 Jackson Electric 50,396.90 80134 08/22/01 Georgia Natural Gas 320.96 80135 08/22/01 Guardsmark 4,368.00 80136 08/22/01 Gwinnet Co. Dept of Public Utilties 17.33 80137 08/22/01 East Bay Municipal Utility 276.04 80138 08/22/01 FedEx 31.20 80139 08/22/01 ComEd 16,436.80 80140 08/22/01 Nicor Gas 496.33 80141 08/22/01 San Diego Gas & Electric 2,044.96 80142 08/22/01 City of Fullerton 65.84 80143 08/22/01 FedEx 16.12 80144 08/22/01 Hewlett Packard 144,726.76 80145 08/22/01 PG&E 128,568.00 80146 08/22/01 Sprint 12,682.69 80147 08/22/01 Aquaprix, Inc. 630.00 80148 08/22/01 City of Kent 352.51 80149 08/22/01 FedEx 143.78 80150 08/22/01 Heidi McPherson 274.14 80151 08/22/01 Mary Alice Taylor 915.63 80152 08/22/01 Matthew Cook 60.04 80153 08/22/01 Office Team 944.13 80154 08/22/01 Penninsula Janitorial 4,149.60 80155 08/22/01 R R Donnelley Receivables 400.00 80156 08/22/01 Sandra Evans 299.55 80157 08/22/01 Seth Selkow 3,360.33 80158 08/22/01 Shannon Di Donato 111.24 80159 08/22/01 Tandis Alizadeh 110.00 80160 08/22/01 Zackler & Associates 56.00 80161 08/22/01 Simon Chang 13,108.00 80162 08/23/01 Norma Damen VOID 80163 08/23/01 Charles Dudley VOID 80164 08/23/01 Simon Chang 3,814.30 80165 08/23/01 AMS Mechanical Systems 740.00 80166 08/23/01 Southern California Edison 22,500.00 80167 08/23/01 Southern California Edison 22,500.00 80168 08/24/01 AMS Mechanical Systems 7,700.00 80169 08/24/01 Pinkerton 5,668.47 80170 08/24/01 Pinkerton 6,272.24 80171 08/24/01 Professional Cleaning 5,080.00 80172 08/27/01 Allen Arthur 8,021.99 80173 08/27/01 Sandra Evans 1,184.74 80174 08/29/01 Guardsmark 4,368.00 80175 08/29/01 Gwinnet Co. Dept of Public Utilties 64.05 80176 08/29/01 Jackson Electric 738.45 80177 08/29/01 UPS 14.43 80178 08/29/01 PDQ Stat Service 144.00 80179 08/29/01 Swan Refrigeraton 327.50 80180 08/29/01 UPS 21.00 80181 08/29/01 Burns International Security 3,133.00 80182 08/29/01 Burns International Security 8,406.00 80183 08/29/01 ComEd 50,562.14 80184 08/29/01 Ameritech 2,380.31 80185 08/29/01 Carla Wynter 73.78 80186 08/29/01 UPS 64.00 80187 08/29/01 Martin Mercado 800.30 80188 08/29/01 Kelly Cleaning Services 14,250.00 80189 08/29/01 Chieften Resources 3,187.50 80190 08/29/01 City of Foster City 148.40 80191 08/29/01 Karen Prugh 179.82 80192 08/29/01 Mary Alice Taylor 1,875.07 80193 08/29/01 Office Team 910.00 80194 08/29/01 Penninsula Janitorial 120.96 80195 08/29/01 Shred-It SF 179.00 80196 08/29/01 UPS 106.45 80197 08/29/01 FedEx 8.18 80198 08/29/01 Gary Hiner 126.75 80199 08/29/01 Pinkerton 7,830.60 80200 08/29/01 Puget Sound Energy 16.06 80201 08/29/01 Puget Sound Energy 2,098.87 80202 08/29/01 Tammy Walker 661.85 80203 08/30/01 Kelly Cleaning Services 14,250.00 80204 08/30/01 Roadway VOID 80205 08/31/01 Hartz Mountain 39,814.23 80206 08/31/01 Spieker Prop 18,227.05 -------------- $ 1,957,702.98 ============== WEBVAN GROUP, INC. POST-PETITION DISBURSEMENTS BY WIRE AND BANK FEES AUGUST 2001

Vendor Vendor Category Amount Date ---------------------------------------------------------------------------------------------------------------------------------- US Bank Payroll Taxes and Benefits 10,512.37 8/3/2001 ADP Payroll Taxes and Benefits 76,767.36 8/6/2001 Wells Fargo Bank Chargebacks 268,000.00 8/9/2001 ADP Payroll Taxes and Benefits 84,211.06 8/10/2001 ADP Payroll 200,000.00 8/10/2001 BMC Professional Services 6,800.00 8/17/2001 Wells Fargo Bank Service Charge Professional Services 4,461.41 8/20/2001 ADP Payroll Taxes and Benefits 71,055.70 8/20/2001 ADP Payroll Taxes and Benefits 202.52 8/21/2001 ADP Payroll Taxes and Benefits 75,714.73 8/27/2001 ADP Payroll Taxes and Benefits 137,471.99 8/30/2001 ADP Payroll 275,000.00 8/30/2001 -------------------------- $ 1,210,197.14 ===========================

WEBVAN GROUP, INC. STATEMENT OF OPERATIONS AUGUST 2001 (Dollars in Thousands)

August 2001 Notes ----------------- ------------ REVENUES - COST OF GOODS SOLD - OPERATING EXPENSES [A] Net Payroll (475) Payroll Taxes & Benefits (456) Sales, Use, and Other Taxes (1) Insurance - Inventory Purchases - Secured/Rental/Leases (1,333) Administrative & Selling (902) ---------------- Total Operating Expenses (3,168) OTHER INCOME AND EXPENSES - [B] REORGANIZATION ITEMS Professional Fees - U.S. Trustee Fees - Court Costs - ---------------- Total Reorganization Items - NET PROFIT/(LOSS) (3,168)

Notes: ------ [A] This statement of operations represents cash disbursements during the period 8/1- 8/31. 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) --------------------------------------------------------------

August 31, 2001 July 13, 2001 --------------- ------------- Assets Current Assets Cash and Equivalents $ 19,669 $ 20,050 Accounts Receivable, Net 534 1,705 Inventories - 6,480 Prepaid Expenses and other current assets 3,640 7,656 --------------------- -------------------- Total current assets 23,843 35,892 Property, Equipment and Leasehold Improvements, Net 281,207 283,948 Goodwill, Net 690,926 690,926 Loan Fees, Net 18,761 18,843 Investments 3,000 3,000 Deposits and other long term assets 4,504 8,310 Restricted Cash 7,986 13,411 --------------------- -------------------- Total Assets $ 1,030,228 $ 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 75,746 8,927 Redeemable Common Stock - - Stockholders' Equity 954,482 966,978 --------------------- -------------------- Total Liabilities and Stockholders' Equity $ 1,030,228 $ 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 - 263,133 (263,133) Aug 6, 10, 20, 27, 30 - FICA--Employee - 48,912 (48,912) Aug 6, 10, 20, 27, 30 - FICA--Employer - 48,184 (48,184) Aug 6, 10, 20, 27, 30 - Federal Unemployment - 9,220 (9,220) Aug 6, 10, 20, 27, 30 - Income - - - - -------------------------------------------- -------- Total Federal Taxes - 369,449 (369,449) - State and Local Withholding - 61,748 (61,748) Aug 6, 10, 20, 27, 30 - Sales - - Unemployment - 1,243 (1,243) Aug 6, 10, 20, 27, 30 - Real/Personal Property & Corp. Tax 668,342 - 668,342 -------------------------------------------- -------- Total State and Local 668,342 64,234 (64,234) 668,342 Total Taxes 668,342 433,683 (433,683) 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 AUGUST 31, 2001 (in thousands) As of August 31, 2001 there was no open post-petition accounts payable. WEBVAN GROUP, INC. ACCOUNTS RECEIVABLE AGING SUMMARY August 2001 Dollars in Thousands

Gross Reserve Net Total Accounts Receivable at the beginning of the reporting period 2,731 (1,427) 1,304 + Amounts billed during the period (Sale of Inventory) - - - - Amounts Collected during the period (442) - (442) + Positive adjustments 101 - 101 - Write offs/negative adjustments (235) (194) (429) ---------------------------------------------------- Total Accounts Receivale at the end of the reporting period 2,155 (1,621) 534 ====================================================

Webvan Trade Receivables Aging Summary -------------------------------- $ Amount -------------------------------- DESC Total -------------------------------- 31-60 63 61-90+ 28 -------------------------------- Grand Total 91 -------------------------------- Webvan Vendor Receivables Aging Summary -------------------------------- $ Amount -------------------------------- Aging Cat Total -------------------------------- FY 2000 488 Q1 2001 873 Q2/3 2001 636 -------------------------------- Grand Total 1,997 -------------------------------- Accounts Receivable Reconciliation Vendor AR 1,997 (aging above) Trade AR 91 (aging above) Due from Bank - CC reserve 67 (all current) --------------- Accounts Receivable (Gross) 2,155 Less: Reserves (1,621) --------------- Accounts Receivable Per Balance Sheet $ 534 =============== 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 its non perishable inventory of food products and other general merchandise. In addition, the debtor conducted its auction in the Atlanta market, and has received an initial payment of $1,000,000 from this auction. The debtor has also completed certain other deminimis miscellaneous sales for owned vehicles, office furniture, and small warehouse equipment. All sales were conducted in accordance with bankruptcy court orders. 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 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. The debtor has received a few local tax returns for deminimis amounts which have not yet been filed. 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:__________________ 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 Sept. 19, 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:__________________ 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 Sept. 21, 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 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 HomeGracer.Com, Inc. Case No. 01-2407 -------------------- ------------- Reporting Period:__________________ 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 Sept. 21, 2001 --------------------------------------- ---------------------------------- 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.