EX-99.1 3 dex991.txt JULY MONTHLY OPERATING REPORTS OF WEBVAN Exhibit 99.1 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: WEBVAN GROUP, INC. Case No. 01-2404 ------------------ ------------------------- Reporting Period: July 16-31, 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 (CON'T) |X| |X| ---------------------------------------------------------------------- -------------------- ------------ ------------- Copies of bank statements |X| ---------------------------------------------------------------------- -------------------- ------------ ------------- Cash disbursements journals |X| ---------------------------------------------------------------------- -------------------- ------------ ------------- Statement of Operations MOR-2 |X| |X| ---------------------------------------------------------------------- -------------------- ------------ ------------- Balance Sheet MOR-3 |X| |X| ---------------------------------------------------------------------- -------------------- ------------ ------------- Status of Postpetition Taxes MOR-4 |X| ---------------------------------------------------------------------- -------------------- ------------ ------------- Copies of IRS Form 6123 or payment receipt |X| |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 August 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. FORM MOR- (9/99) WEBVAN GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS JULY 2001 (Dollars in Thousands)

July 16 -- July 31, 2001 ---------------- Cash Beginning of Month 18,325 RECEIPTS Cash Sales - Accounts Receivable 909 Sale of Assets - Other: Interest/Dividends 81 Returned Deposits (60) Chargebacks 536 ---------------- Total Cash Receipts 1,466 DISBURSEMENTS Net Payroll (1,199) Payroll Taxes & Benefits (241) Sales, Use, and Other Taxes (706) Insurance - Inventory Purchases - Secured/Rental/Leases (1) Administrative & Selling (81) Professional Fees - U.S. Trustee Fees - Court Costs - ---------------- Total Disbursements (2,228) Net Cash Flow (762) Cash End of Month 17,563

1 of 2 WEBVAN GROUP, INC. SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES JULY 2001 (Dollars in Thousands)

July 2001 Total Disbursements 2,228 Less: Transfers to Debtor In Possession Accounts - Plus: Estate Disbursements Made by Outside Sources - --------------- Total Disbursements for Calculating U.S. Trustee Quarterly Fees 2,228

2 of 2 WEBVAN GROUP, INC. BANK RECONCILIATION As of July 31, 2001 Dollars in Thousands

----------------------------------------------------------------------------------------------- Operating Operating Operating Operating Operating Payroll 4187-298286 901000571 1-535-9097-8067 1-535-0179-2367 0032-7339-4587 4038-330031 ----------------------------------------------------------------------------------------------- BALANCE PER BOOKS 2,356 113 80 - - 374 BANK BALANCE 2,457 116 80 - (0) 478 Plus: Deposits in Transit - - - - - - Less: Outstanding Checks (102) (3) - - - (104) Other - - - - 0 - ----------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE 2,356 113 80 - - 374 -----------------------------------------------------------------------------------------------

-------------- Payroll (ZBA) 4038-143145 -------------- BALANCE PER BOOKS - BANK BALANCE - Plus: Deposits in Transit - Less: Outstanding Checks - Other - -------------- ADJUSTED BANK BALANCE - --------------

Notes: [A] Reconciliation to Ending Cash on Receipts and Disbursements Schedule Balance per Books $ 18,675 Operating Account (4187-298286) (575)[B] Operating Account (901000571) (113)[C] Payroll (374)[D] Returned Item (50)[E] ---------------- Balance per Books-Cash Schedule $ 17,563 [B] On 7/31, a wire of $575 was initiated but did not appear on the bank statement until 8/1. [C] This operating account was not included in the cash model as of 7/31. Funds were transferred to the main operating account on 8/3. [D] 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. [E] On 7/31, the bank returned an item that was captured in the cash model, but not in the company's books until August. 1 of 3 WEBVAN GROUP, INC. BANK RECONCILIATION As of July 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 - - ----------------------------------

2 of 3 WEBVAN GROUP, INC. BANK RECONCILIATION As of July 31, 2001 Dollars in Thousands

------------------------------------------------------------------------------------------------- Merchant (ZBA) Merchant (ZBA) Investment Investment Supervalue 4496-893256 1-535-9125-9095 14-78C43 18051631 CD Totals ------------------------------------------------------------------------------------------------- BALANCE PER BOOKS - - 14,684 209 860 18,675 BANK BALANCE - - 14,684 209 860 18,883 Plus: Deposits in Transit - - - - - - Less: Outstanding Checks - - - - - (209) Other - - (0) - - 0 ------------------------------------------------------------------------------------------------- ADJUSTED BANK BALANCE - - 14,684 209 860 18,675 -------------------------------------------------------------------------------------------------

3 of 3 WEBVAN GROUP, INC. POST-PETITION DISBURSEMENTS BY CHECK JULY 2001

Check Number Date Payee Amount ------------------------------------------------------------------------ 080001 2001-07-20 Swan Refrigeration 668.75 080002 2001-07-24 Burns International Security 1,596.00 080003 2001-07-24 Pinkerton 14,753.72 080004 2001-07-24 Illinois Dept of Revenue 86,636.00 080005 2001-07-25 Internal Revenue Service 538.00 080006 2001-07-25 State of WA Dept of Revenue 44,841.42 080007 2001-07-26 Southern CA Edison 22,500.00 080008 2001-07-26 Southern CA Edison 22,500.00 080009 Office Team VOID 080010 2001-07-26 Office Team 864.50 080011 2001-07-26 American Trash 1,300.00 080012 2001-07-26 R.R. Donnelly 400.00 080013 2001-07-27 Bud Grebey 1,661.89 080014 2001-07-27 Pinkerton 6,045.28 080015 2001-07-30 Allen Arthur 105.24 080016 2001-07-30 Flynn Justice 635.32 080017 2001-07-30 George Colliat 195.31 080018 2001-07-30 George Pastrana VOID 080019 Leslie Guilland VOID 080020 2001-07-30 Mary Alice Taylor 602.50 080021 2001-07-30 Matthew Cook 345.07 080022 2001-07-30 Narasimha Rao 115.87 080023 2001-07-30 Robert Schaff 183.00 080024 2001-07-30 Sandra Evans 183.56 080025 2001-07-30 Tom Amezquita 246.79 080026 2001-07-31 Valarie Zhang 321.45 080027 2001-07-31 Roadway Express 342.98 080028 2001-07-31 Tami Lamp 372.78 080029 2001-07-31 Kathy Weibel 357.07 080030 2001-07-31 David Loria 39.27 080031 2001-07-31 Elizabeth Aguirre 5.00 080032 2001-07-31 Greg Jaworski 14.95 ---------------- $ 208,371.72

1 of 2 WEBVAN GROUP, INC. POST-PETITION DISBURSEMENTS BY WIRE JULY 2001

Vendor Vendor Category Amount Date ------------------------------------------------------------------------------------------ ZBA Debit Payroll 8,384.74 7/18/2001 Wells Fargo Bank Service Charge Professional Services 4,962.45 7/20/2001 ADP Payroll 495,483.23 7/20/2001 ADP Payroll 495,483.23 7/20/2001 Merrill Lynch Payroll Taxes and Benefits 114,167.92 7/23/2001 Merrill Lynch Payroll Taxes and Benefits 125,794.32 7/23/2001 Merrill Lynch Payroll Taxes and Benefits 931.73 7/23/2001 ADP Payroll 200,000.00 7/27/2001 Board of Equalization Taxes 574,764.00 7/31/2001 --------------- $ 2,019,971.62

2 of 2 WEBVAN GROUP, INC. STATEMENT OF OPERATIONS JULY 2001 (Dollars in Thousands)

July 16 -- July 31, 2001 Notes ---------------- ----------- REVENUES - COST OF GOODS SOLD - OPERATING EXPENSES [A] Net Payroll (1,199) Payroll Taxes & Benefits (241) Sales, Use, and Other Taxes (706) Insurance - Inventory Purchases - Secured/Rental/Leases (1) Administrative & Selling (81) ---------------- Total Operating Expenses (2,228) OTHER INCOME AND EXPENSES - REORGANIZATION ITEMS Professional Fees - U.S. Trustee Fees - Court Costs - ---------------- Total Reorganization Items - NET PROFIT/(LOSS) (2,228)

Notes: [A] This statement of operations represents cash disbursements during the period 7/16- 7/31. Certain Operating Expenses may have been accrued for in prior periods. 1 of 1 Webvan Group, Inc. and Subsidiary Consolidated Balance Sheet (in thousands)

July 31, 2001 July 13, 2001 ------------- ------------- Assets Current Assets Cash and Equivalents $ 18,674 $ 20,050 Accounts Receivable, Net 1,304 1,705 Inventories 5,061 6,480 Prepaid Expenses and other current assets 6,425 7,656 --------------------- --------------------- Total current assets 31,465 35,892 Property, Equipment and Leasehold Improvements, Net 283,335 283,948 Goodwill 690,926 690,926 Loan Fees,Net 18,843 18,843 Investments 3,000 3,000 Deposits and other long term assets 8,351 8,310 Restricted Cash 13,411 13,411 --------------------- --------------------- Total Assets $ 1,049,332 $ 1,054,330 ===================== ===================== Liabilities and Stockholders' Equity Current Liabilities Accounts payable $ 120 $ 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 120 48,478 Deferred Rent - 4,804 Capital Lease obligations - 19,393 Long-Term Debt - 5,750 Other Long-Term Liabilities - 8,927 Liabilities Subject to Compromise 84,724 Redeemable Common Stock - - Stockholders' Equity 964,488 966,978 --------------------- --------------------- Total Liabilities and Stockholders' Equity $ 1,049,332 $ 1,054,330 ===================== =====================

Notes: ----- 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 stockholder's 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 - 159,969 (159,969) July 20 & 27 - FICA--Employee - 31,591 (31,591) July 20 & 27 - FICA--Employer - 38,770 (38,770) July 20 & 27 - Federal Unemployment - 41 (41) July 20 & 27 - Income - 3 (3) July 20 & 27 - ------------------------------------------------- ------------------ Total Federal Taxes - 230,373 (230,373) - State and Local Withholding - 45,131 (45,131) July 20 & 27 - Sales 706,241 - (706,241) - Unemployment - 1,378 (1,378) July 20 & 27 - Real/Personal Property & Corp. Tax 668,342 - - 668,342 ------------------------------------------------- ------------------ Total State and Local 1,374,583 46,509 (46,509) 668,342 Total Taxes 1,374,583 276,882 (276,882) 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 July 31, 2001 (dollars in thousands)

Current 0 - 30 Days 31 - 60 Days 61 - 90 Days Over 90 Days Total ------------- ----------- ------------ ------------ ------------ -------- Taxes $ - $ - $ - $ - $ - $ - Insurance - - - - - - Rent/Leases - Building 81 - - - - 81 Rent/Leases - Equipment - - - - - - Utilities 25 - - - - 25 Office Services - - - - - - Supplies - - - - - - Travel 2 - - - - 2 Professional Services 12 - - - - 12 Administrative & Selling - - - - - - U.S. Trustee Fees - - - - - - Court Costs - - - - - - Other - - - - - - --------------------------------------------------------------------------------------- 120 - - - - 120 Total Post Petition Accounts Payable $ 120 $ - $ - $ - $ - $ 120 =======================================================================================

WEBVAN GROUP, INC. ACCOUNTS RECEIVABLE AGING SUMMARY Dollars in Thousands

Gross Reserve Net Total Accounts Receivable at the beginning of the reporting period 3,605 (1,797) 1,808 + Amounts billed during the period - - - - Amounts Collected during the period (722) - (722) + Positive adjustments - - - - Write offs/negative adjustments (152) 370 218 --------------------------------- Total Accounts Receivable at the end of the reporting period 2,731 (1,427) 1,304

Webvan Trade Receivables Aging Summary ------------------------- $ Amount ------------------------- DESC Total ------------------------- Current 152 31-60 44 61-90+ 1 ------------------------- Grand Total 197 ------------------------- Webvan Vendor Receivables Aging ------------------------- $ Amount ------------------------- Aging Cat Total ------------------------- FY 2000 509 Q1 2001 924 Q2/3 2001 648 ------------------------- Grand Total 2,081 ------------------------- 1 of 2 WEBVAN GROUP, INC. ACCOUNTS RECEIVABLE AGING SUMMARY Dollars in Thousands

Accounts Receivable Reconciliation Total Vendor Accounts Receivable $ 2,081 (aging above) Total Credit Card Accounts Receivable 386 (all current) Total Trade Accounts Receivable 197 (aging above) Due from Bank - Credit Card Reserve 67 (all current) ------------- AR (Gross) 2,731 Less Reserves - ------------- AR Per Balance Sheet $ 2,731 =============

2 of 2 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. The debtor ceased operations on July 9, four days before the petition date. In the days that followed the shutdown, the debtor sold perishable items in order to maximize value from items that would have no value if kept longer than a week. Accordingly, small amounts of perishable items may have been sold during the first few days after the petition date. To the best of my knowledge no other assets were sold or transferred during the reporting period. 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. 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: July 16-31, 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 (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 August 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. FORM MOR- (9/99) 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: July 16-31, 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 (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 August 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. FORM MOR- (9/99) 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: July 16-31, 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 (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 August 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. FORM MOR- (9/99) 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.