-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O9WaFB31c8hqbS+MbmXvdIP8zBKw5i70CQT7bunhmn/2sXiODejiiw7g3DtsBaoF cNagKL4Im+/q53uvixUZDg== 0000925328-01-500030.txt : 20010827 0000925328-01-500030.hdr.sgml : 20010827 ACCESSION NUMBER: 0000925328-01-500030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010731 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROMEDCO MANAGEMENT CO CENTRAL INDEX KEY: 0001011630 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] IRS NUMBER: 752529809 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29172 FILM NUMBER: 1723078 BUSINESS ADDRESS: STREET 1: 1200 SUMMIT AVE STREET 2: SUITE 502 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173355035 MAIL ADDRESS: STREET 1: 1200 SUMMIT AVE STREET 2: SUITE 502 CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: PROFESSIONAL MEDICAL MANAGEMENT CO DATE OF NAME CHANGE: 19960906 8-K 1 fm8k701.txt FORM 8-K ================================================================================ - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: August 20, 2001 Commission file number 0-29172 ProMedCo Management Company (Exact name of Registrant as specified in its charter) Delaware 75-2529809 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 1200 Summit Ave. Suite 502 Fort Worth, Texas 76102 (Address of principal executive offices) (Zip Code) (817) 335-5035 (Registrant's telephone number, including area code) (Former address since last report) ================================================================================ - -------------------------------------------------------------------------------- Item 5. Other Events On April 4, 2001, ProMedCo Management Company, a Delaware corporation (the "Company"), filed a voluntary petition for protection under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Northern District of Texas (the "Bankruptcy Court"). Pursuant to Bankruptcy Rule 2015 and the United States Trustee's Operating Guidelines and Reporting Requirements for Chapter 11 cases, the Company is obligated to file monthly operating reports with the Bankruptcy Court. The Company's unconsolidated, unaudited monthly operating report dated July 31, 2001 is filed as Exhibit 99.1 hereto. On August 1, 2001 the Securities and Exchange Commission served the Company with a subpoena issued in connection with an investigation of the Company being conducted by the Commission. The investigation appears to relate primarily to the Company's disclosures concerning its ability to borrow under its bank credit agreement. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits Exhibit No. Description 99.1 Unconsolidated, Unaudited Monthly Operating Report dated July 31, 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 20, 2001 ProMedCo Management Company By: /s/ Charles McQueary Name: Charles McQueary Title: Chief Executive Officer Exhibit Index Exhibit No. Exhibit 99.1 Unconsolidated, Unaudited Monthly Operating Report dated July 31, 2001. EX-99.1 2 ex99701.txt MONTHLY FINANCIALS
--------------------------------------------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------------ CASE NAME: ProMedCo Management Company ACCRUAL BASIS-1 ------------------------------------------------------ ------------------------------------------------------ CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------------------ ------------------------------------------------------ COMPARATIVE BALANCE SHEET ***** AMOUNTS ARE UNAUDITED ***** ------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------- ASSETS AMOUNT July 2001 June 2001 May 2001 ------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $657,834 $285,955 $761,182 $252,642 ------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH ------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $657,834 $285,955 $761,182 $252,642 ------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) ------------------------------------------------------------------------------------------------------------- 5. INVENTORY ------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE ------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $435,981 $348,650 $395,297 $457,524 ------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $14,534,047 $2,130,672 $570,672 $584,607 ------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $15,627,862 $2,765,277 $1,727,152 $1,294,773 ------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $3,932,482 $3,943,998 $3,268,998 ------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $2,470,793 $2,401,042 $2,331,292 ------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $1,092,455 $1,461,689 $1,542,956 $937,706 ------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORT. (Service Agreement Rights) ------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $88,579,000 $54,385,093 $44,443,529 $52,487,734 ------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $105,299,317 $58,612,060 $47,713,637 $54,720,213 ------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $8,281 $ 439,353 $ 6,412 ------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $55 $55 $55 ------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE ------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES ------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $1,041 $1,953 $16,468 ------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $9,377 $441,362 $22,935 ------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $156,072,699 $134,306,861 $133,511,861 $126,489,596 ------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $2,064,593 $1,176,286 $1,165,109 $1,149,101 ------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $16,118,079 $15,283,345 $13,495,197 $17,517,852 ------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $17,803,420 $17,870,986 $24,081,802 ------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $174,255,371 $168,569,911 $166,043,153 $169,238,351 ------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $174,255,371 $168,579,289 $166,484,515 $169,261,286 ------------------------------------------------------------------------------------------------------------- EQUITY ------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY (68,956,054) ($95,187,748) ($107,017,977) ($104,788,665) ------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) ($14,779,481) ($11,752,901) ($9,752,409) ------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY ($68,956,054) ($109,967,229) ($118,770,878) ($114,541,074) ------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $105,299,317 $58,612,060 $47,713,637 $54,720,213 -------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------------ CASE NAME: ProMedCo Management Company ATTACHMENT - ACCRUAL BASIS-1 ------------------------------------------------------ ------------------------------------------------------ CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------------------ ***** AMOUNTS ARE UNAUDITED ***** ------------------------------------------------------------------------------------------------------------- SCHEDULE MONTH MONTH MONTH ------------------------------------------------------- ASSETS AMOUNT July 2001 June 2001 May 2001 ------------------------------------------------------------------------------------------------------------- 8. OTHER CURRENT ASSETS ------------------------------------------------------------------------------------------------------------- Income tax receivable $13,983,375 -------------------------------------------------------------------------------------------------------- Other current assets ($20,000) $20,000 $33,934 -------------------------------------------------------------------------------------------------------- Sale proceeds held in escrow $1,600,000 -------------------------------------------------------------------------------------------------------- Management fees receivable $550,672 $550,672 $550,672 $550,672 -------------------------------------------------------------------------------------------------------- $14,534,047 $2,130,672 $570,672 $584,607 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 15. OTHER ASSETS ------------------------------------------------------------------------------------------------------------- Security deposit $11,760 $11,760 $11,760 $11,760 -------------------------------------------------------------------------------------------------------- Stock and interests in subsidiaries $87,800,000 $53,605,478 $43,663,914 $51,708,426 -------------------------------------------------------------------------------------------------------- Club membership $16,000 $16,000 $16,000 $16,000 -------------------------------------------------------------------------------------------------------- STAR program advancing $751,240 $751,855 $751,855 $751,548 -------------------------------------------------------------------------------------------------------- $88,579,000 $54,385,093 $44,443,529 $52,487,734 -------------------------------------------------------------------------------------------------------- 22. OTHER POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- Withholdings from employee gross payroll $1,041 $1,953 $16,468 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 27. OTHER PREPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- Deferred revenue $17,803,420 $17,870,986 $24,081,802 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------
Monthly Operating Report --------------------------------------------------------- CASE NAME: ProMedCo Management Company ACCRUAL BASIS-2 --------------------------------------------------------- --------------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------------- ----------------------------------------- INCOME STATEMENT ***** AMOUNTS ARE UNAUDITED ***** ----------------------------------------- -------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ----------------------------------------------- REVENUES July 2001 June 2001 May 2001 TOTAL -------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $76,271 $104,764 $2,948,066 -------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS -------------------------------------------------------------------------------------------------------- 3. NET REVENUE $76,271 $104,764 $2,948,066 $0 -------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------------------------------- 4. MATERIAL -------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR -------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD -------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $76,271 $104,764 $2,948,066 $0 -------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $210,478 $155,068 $83,494 -------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING -------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $3,697 $6,315 $111,434 -------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $10,765 $24,183 $48,129 -------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ($53,410) $405,778 $423,960 -------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $171,530 $591,344 $667,017 $0 -------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($95,259) ($486,580) $2,281,049 $0 -------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES -------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) -------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) -------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE $1,001,880 $936,541 $636,468 -------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $69,751 $69,750 $76,704 -------------------------------------------------------------------------------------------------------- 20. AMORTIZATION -------------------------------------------------------------------------------------------------------- 21. OTHER - Adjustment to estimated market val$1,089,388 ($63,122) $10,009,429 -------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES $2,161,019 $943,169 $10,722,601 $0 -------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $760,304 $539,742 -------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $10,000 -------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) -------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $770,304 $539,742 $0 $0 -------------------------------------------------------------------------------------------------------- 27. INCOME TAX $0 $31,000 $67,109 -------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) ($3,026,582) ($2,000,491) ($8,508,661) $0 --------------------------------------------------------------------------------------------------------
Monthly Operating Report --------------------------------------------------------- CASE NAME: ProMedCo Management Company ATTACHMENT - --------------------------------------------------------- ACCRUAL BASIS-2 --------------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------------- ***** AMOUNTS ARE UNAUDITED ***** ----------------------------------------- -------------------------------------------------------------------------------------------------------- MONTH MONTH MONTH QUARTER ----------------------------------------------- July 2001 June 2001 May 2001 TOTAL -------------------------------------------------------------------------------------------------------- 13. OTHER OPERATING EXPENSES -------------------------------------------------------------------------------------------------------- Payroll and payroll taxes $274,095 $264,356 $322,515 -------------------------------------------------------------------------------------------------------- Sales use and other taxes $654 $7,221 $559 -------------------------------------------------------------------------------------------------------- Utilities $68,346 $74,274 $36,097 -------------------------------------------------------------------------------------------------------- Insurance $19,988 $19,988 $19,905 -------------------------------------------------------------------------------------------------------- Travel $17,606 $8,354 $23,343 -------------------------------------------------------------------------------------------------------- Entertainment $2,311 $2,836 $2,010 -------------------------------------------------------------------------------------------------------- Repairs & Maintenance $487 $487 $763 -------------------------------------------------------------------------------------------------------- Supplies ($27,915) ($36,022) ($25,143) -------------------------------------------------------------------------------------------------------- Employee benefits $3,578 $18,546 $7,848 -------------------------------------------------------------------------------------------------------- Occupancy Costs -------------------------------------------------------------------------------------------------------- Purchased Services ($412,560) $45,738 $36,063 -------------------------------------------------------------------------------------------------------- Total Other Operating Expenses ($53,410) $405,778 $423,960 -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 21. OTHER NON-OPERATING EXPENSES -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- 25. OTHER REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------------------------- CASE NAME: ProMedCo Management Company ACCRUAL BASIS-3 --------------------------------------------------------- --------------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------------- ***** AMOUNTS ARE UNAUDITED ***** ------------------------------------------------------------------------------------------------------------ CASH RECEIPTS AND MONTH MONTH MONTH QUARTER --------------------------------------------------- DISBURSEMENTS July 2001 June 2001 May 2001 TOTAL ------------------------------------------------------------------------------------------------------------ 1. CASH - BEGINNING OF MONTH $761,181 $252,641 $14,857,739 ------------------------------------------------------------------------------------------------------------ RECEIPTS FROM OPERATIONS ------------------------------------------------------------------------------------------------------------ 2. CASH SALES ------------------------------------------------------------------------------------------------------------ COLLECTION OF ACCOUNTS RECEIVABLE ------------------------------------------------------------------------------------------------------------ 3. PREPETITION ------------------------------------------------------------------------------------------------------------ 4. POSTPETITION ------------------------------------------------------------------------------------------------------------ 5. TOTAL OPERATING RECEIPTS $200,799 $133,103 $416,438 $0 ------------------------------------------------------------------------------------------------------------ NON - OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------ 6. LOANS & ADVANCES (ATTACH LIST) $795,000 $606,368 $0 ------------------------------------------------------------------------------------------------------------ 7. SALE OF ASSETS $0 $721,164 $0 ------------------------------------------------------------------------------------------------------------ 8. OTHER (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------ 9. TOTAL NON-OPERATING RECEIPTS $795,000 $1,327,532 $0 $0 ------------------------------------------------------------------------------------------------------------ 10. TOTAL RECEIPTS $995,799 $1,460,635 $416,438 $0 ------------------------------------------------------------------------------------------------------------ 11. TOTAL CASH AVAILABLE $1,756,980 $1,713,276 $15,274,177 $0 ------------------------------------------------------------------------------------------------------------ OPERATING DISBURSEMENTS ------------------------------------------------------------------------------------------------------------ 12. NET PAYROLL $322,759 $265,335 $240,072 ------------------------------------------------------------------------------------------------------------ 13. PAYROLL TAXES PAID $157,524 $131,508 $182,766 ------------------------------------------------------------------------------------------------------------ 14. SALES, USE & OTHER TAXES PAID $772 $38,603 $171,081 ------------------------------------------------------------------------------------------------------------ 15. SECURED / RENTAL / LEASES $0 $0 $0 ------------------------------------------------------------------------------------------------------------ 16. UTILITIES $67,409 $75,217 $41,346 ------------------------------------------------------------------------------------------------------------ 17. INSURANCE $113,832 $0 $217,011 ------------------------------------------------------------------------------------------------------------ 18. INVENTORY PURCHASES ------------------------------------------------------------------------------------------------------------ 19. VEHICLE EXPENSES ------------------------------------------------------------------------------------------------------------ 20. TRAVEL $17,606 $21,353 $17,819 ------------------------------------------------------------------------------------------------------------ 21. ENTERTAINMENT $2,311 $2,952 $1,565 ------------------------------------------------------------------------------------------------------------ 22. REPAIRS & MAINTENANCE $0 $276 ------------------------------------------------------------------------------------------------------------ 23. SUPPLIES $4,369 $1,407 $1,952 ------------------------------------------------------------------------------------------------------------ 24. ADVERTISING ------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) $14,140 $139,545 $201,714 ------------------------------------------------------------------------------------------------------------ 26. TOTAL OPERATING DISBURSEMENTS $700,722 $675,920 $1,075,602 $0 ------------------------------------------------------------------------------------------------------------ REORGANIZATION EXPENSES ------------------------------------------------------------------------------------------------------------ 27. PROFESSIONAL FEES $760,304 $276,175 $51,713 ------------------------------------------------------------------------------------------------------------ 28. U.S. TRUSTEE FEES $10,000 ------------------------------------------------------------------------------------------------------------ 29. OTHER (ATTACH LIST) $0 $13,894,221 ------------------------------------------------------------------------------------------------------------ 30. TOTAL REORGANIZATION EXPENSES $770,304 $276,175 $13,945,934 $0 ------------------------------------------------------------------------------------------------------------ 31. TOTAL DISBURSEMENTS $1,471,026 $952,095 $15,021,536 $0 ------------------------------------------------------------------------------------------------------------ 32. NET CASH FLOW ($475,227) $508,540 ($14,605,098) $0 ------------------------------------------------------------------------------------------------------------ 33. CASH - END OF MONTH $285,954 $761,181 $252,641 $0 ------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- Monthly Operating Report --------------------------------------------------------- CASE NAME: ProMedCo Management Company ATTACHMENT - --------------------------------------------------------- ACCRUAL BASIS-3 --------------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------------- ***** AMOUNTS ARE UNAUDITED ***** ------------------------------------------------------------------------------------------------------------ MONTH MONTH MONTH QUARTER --------------------------------------------------- July 2001 June 2001 May 2001 TOTAL ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 6. LOANS & ADVANCES ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 8. OTHER NON-OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 25. OTHER (ATTACH LIST) ------------------------------------------------------------------------------------------------------------ EMPLOYEE WITHHOLDINGS & BENEFITS $5,259 $23,577 $36,972 ------------------------------------------------------------------------------------------------------------ OCCUPANCY COSTS ------------------------------------------------------------------------------------------------------------ PURCHASED SERVICES $3,461 $6,001 $17,888 ------------------------------------------------------------------------------------------------------------ GENERAL AND ADMINISTRATIVE EXP. $3,391 $22,214 $28,130 ------------------------------------------------------------------------------------------------------------ WORKING CAPITAL ADVANCE TO SUBSIDIARIES $2,028 $87,753 $118,724 ------------------------------------------------------------------------------------------------------------ TOTAL OTHER OPERATING DISBURSEMENTS $14,140 $139,545 $201,714 $0 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 29. OTHER REORGANIZATION DISBURSEMENTS ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------- Monthly Operating Report ------------------------------------------------------------- CASE NAME: ProMedCo Management Company ACCRUAL BASIS-4 ------------------------------------------------------------- ------------------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 ------------------------------------------------------------- ***** AMOUNTS ARE UNAUDITED ***** ------------------------------------------------------------------------------------------------------------ SCHEDULE MONTH MONTH MONTH ----------------------------------------------- ACCOUNTS RECEIVABLE AGING AMOUNT July 2001 June 2001 May 2001 ------------------------------------------------------------------------------------------------------------ 1. 0-30 ------------------------------------------------------------------------------------------------------------ 2. 31-60 ------------------------------------------------------------------------------------------------------------ 3. 61-90 ------------------------------------------------------------------------------------------------------------ 4. 91+ ------------------------------------------------------------------------------------------------------------ 5. TOTAL ACCOUNTS RECEIVABLE $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------ 6. AMOUNT CONSIDERED UNCOLLECTIBLE ------------------------------------------------------------------------------------------------------------ 7. ACCOUNTS RECEIVABLE (NET) $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------ AGING OF POSTPETITION TAXES AND PAYABLES MONTH: July 2001 -------------------------------- ------------------------------------------------------------------------------------------------------------ 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ------------------------------------------------------------------------------------------------------------ 1. FEDERAL $ - ------------------------------------------------------------------------------------------------------------ 2. STATE $55 $ 55 ------------------------------------------------------------------------------------------------------------ 3. LOCAL $ - ------------------------------------------------------------------------------------------------------------ 4. OTHER (ATTACH LIST) $ - ------------------------------------------------------------------------------------------------------------ 5. TOTAL TAXES PAYABLE $0 $55 $0 $0 $55 ------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------ 6. ACCOUNTS PAYABLE $1,678 $1,125 $5,478 $0 $8,281 ------------------------------------------------------------------------------------------------------------ --------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: July 2001 -------------------------------- ------------------------------------------------------------------------------------------------------------ BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ------------------------------------------------------------------------------------------------------------ 1. WITHHOLDING** $125,450 $125,450 $0 ------------------------------------------------------------------------------------------------------------ 2. FICA-EMPLOYEE** $15,309 $15,309 $0 ------------------------------------------------------------------------------------------------------------ 3. FICA-EMPLOYER** $15,309 $15,309 $0 ------------------------------------------------------------------------------------------------------------ 4. UNEMPLOYMENT $0 $0 $0 ------------------------------------------------------------------------------------------------------------ 5. INCOME $0 ------------------------------------------------------------------------------------------------------------ 6. OTHER (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------ 7. TOTAL FEDERAL TAXES $0 $156,068 $156,068 $0 ------------------------------------------------------------------------------------------------------------ STATE AND LOCAL ------------------------------------------------------------------------------------------------------------ 8. WITHHOLDING $32 $1,456 $1,456 $32 ------------------------------------------------------------------------------------------------------------ 9. SALES $0 ------------------------------------------------------------------------------------------------------------ 10. EXCISE $0 ------------------------------------------------------------------------------------------------------------ 11. UNEMPLOYMENT $23 $0 $23 ------------------------------------------------------------------------------------------------------------ 12. REAL PROPERTY $0 ------------------------------------------------------------------------------------------------------------ 13. PERSONAL PROPERTY $0 ------------------------------------------------------------------------------------------------------------ 14. OTHER - Franchise and income taxes $772 $772 $0 ------------------------------------------------------------------------------------------------------------ 15. TOTAL STATE & LOCAL $55 $2,228 $2,228 $55 ------------------------------------------------------------------------------------------------------------ 16. TOTAL TAXES $55 $158,296 $158,296 $55 ------------------------------------------------------------------------------------------------------------
* The beginning tax liability should represent the liability from the prior month or, if this is the first operating report, the amount should be zero. ** Attach photocopies of IRS Form 6123 or your FTD coupon and payment receipt to verify payment or deposit.
------------------------------------------------------------------------------------------------------------------------------ Monthly Operating Report --------------------------------------------------- CASE NAME: ProMedCo Management Company ACCRUAL BASIS-5 --------------------------------------------------- --------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 --------------------------------------------------- ***** AMOUNTS ARE UNAUDITED ***** The debtor in possession must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposit, government obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets if necessary. MONTH: July 2001 ---------------------------------------- ----------------------------------------------------------------------- BANK RECONCILIATIONS Account #1 Account #2 Account #3 Account #4 Account #5 Account #6 -------------------------------------------------------------------------------------------------------------------------- A. BANK: Bank of America ---------------------------------------------------------------------------------------------------------- B. ACCOUNT NUMBER: 1630767251 3751782030 1631766518 3751782043 4771140656 3751782056 TOTAL ---------------------------------------------------------------------------------------------------------- Health Health Employee Employee C. PURPOSE (TYPE): Operating Operating Benefits Benefits Benefit Plan Benefit Plan -------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT ($72,796) $771,898 $0 $92,672 $50,713 $5,894 $848,380 -------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 -------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS ($489,900) ($23,192) ($513,092) -------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $771,898 ($771,898) ($43,690) ($5,894) ($49,584) -------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $209,201 $0 $0 $69,480 $7,023 $0 $285,705 -------------------------------------------------------------------------------------------------------------------------- 6. NUMBER OF LAST CHECK WRITTEN -------------------------------------------------------------------------------------------------------------------------- ---------------------------------------- INVESTMENT ACCOUNTS -------------------------------------------------------------------------------------------------------------------------- DATE OF TYPE OF PURCHASE CURRENT BANK, ACCOUNT NAME & NUMBER PURCHASE INSTRUMENT PRICE VALUE -------------------------------------------------------------------------------------------------------------------------- 7. -------------------------------------------------------------------------------------------------------------------------- 8. -------------------------------------------------------------------------------------------------------------------------- 9. -------------------------------------------------------------------------------------------------------------------------- 10. -------------------------------------------------------------------------------------------------------------------------- 11. TOTAL INVESTMENTS $0 $0 -------------------------------------------------------------------------------------------------------------------------- ---------------------------------------- CASH -------------------------------------------------------------------------------------------------------------------------- 12. CURRENCY ON HAND $250 -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- 13. TOTAL CASH - END OF MONTH $285,955 --------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------- Monthly Operating Report ----------------------------------------------------- CASE NAME: ProMedCo Management Company ACCRUAL BASIS-6 ----------------------------------------------------- ----------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 ----------------------------------------------------- ***** AMOUNTS ARE UNAUDITED ****MONTH: _______July_2001__ ------------------------------------------------------------------- PAYMENTS TO INSIDERS AND PROFESSIONALS ------------------------------------------------------------------- OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS (AS DEFINED IN SECTION 101 (31) (A)-(F) OF THE U.S. BANKRUPTCY CODE) AND TO PROFESSIONALS. ALSO, FOR PAYMENTS TO INSIDERS, IDENTIFY THE TYPE OF COMPENSATION PAID (e.g. SALARY, BONUS, COMMISSIONS, INSURANCE, HOUSING ALLOWANCE, TRAVEL, CAR ALLOWANCE, ETC.). ATTACH ADDITIONAL SHEETS IF NECESSARY. ------------------------------------------------------------------- INSIDERS ------------------------------------------------------------------- TYPE OF AMOUNT TOTAL PAID NAME PAYMENT PAID TO DATE ------------------------------------------------------------------- 1. Charles McQueary salary $18,639 $122,360 ------------------------------------------------------------------- Charles McQueary expense reports $52 $2,334 ------------------------------------------------------------------- 2. Robert Smith salary $128,403 $166,776 ------------------------------------------------------------------- Robert Smith expense reports $942 $1,322 ------------------------------------------------------------------- 3. Mike Yeary salary $34,922 $133,124 ------------------------------------------------------------------- Mike Yeary expense reports $503 $8,788 ------------------------------------------------------------------- 4. Karen Nicolaou salary $20,493 $79,085 ------------------------------------------------------------------- 5. Karen Nicolaou expense reports $6,524 $12,069 ------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $210,478 $525,858 ---------------------------------------------------------------- ----------------------------------------------------------------------------------------------- PROFESSIONALS ----------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * ----------------------------------------------------------------------------------------------- 1. Andrews & Kurth July 2001 $1,008,441 $748,266 $1,008,441 $0 ----------------------------------------------------------------------------------------------- 2. Colvin & Petrocchi, L. July 2001 $27,953 $12,037 $27,953 $0 ----------------------------------------------------------------------------------------------- 3. $0 ----------------------------------------------------------------------------------------------- 4. $0 ----------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $1,036,394 $760,304 $1,036,395 $0 ----------------------------------------------------------------------------------------------- * INCLUDE ALL FEES INCURRED, BOTH APPROVED AND UNAPPROVED ----------------------------------------------------------------------------------------------- POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS ----------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------- SCHEDULED AMOUNTS MONTHLY PAID TOTAL PAYMENTS DURING UNPAID NAME OF CREDITOR DUE MONTH POSTPETITION ----------------------------------------------------------------------------------------------- 1. --------------------------------------------------------------------------------- 2. --------------------------------------------------------------------------------- 6. TOTAL $0 $0 $0 --------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------- Monthly Operating Report ----------------------------------------------------------------------- CASE NAME: ProMedCo Management Company ACCRUAL BASIS-7 ----------------------------------------------------------------------- ----------------------------------------------------------------------- CASE NUMBER: 01-42502-BJH-11 02/13/95, RWD, 2/96 ----------------------------------------------------------------------- MONTH: July 2001 ---------------------------- ------------------------------------- QUESTIONNAIRE ------------------------------------- ---------------------------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------------------------- 1. HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE XX THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------- 2. HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT XX OTHER THAN A DEBTOR IN POSSESSION ACCOUNT? ---------------------------------------------------------------------------------------------------------------- 3. ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR XX LOANS) DUE FROM RELATED PARTIES? ---------------------------------------------------------------------------------------------------------------- 4. HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES XX THIS REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------- 5. HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE XX DEBTOR FROM ANY PARTY? ---------------------------------------------------------------------------------------------------------------- 6. ARE ANY POSTPETITION PAYROLL TAXES PAST DUE? XX ---------------------------------------------------------------------------------------------------------------- 7. ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES XX PAST DUE? ---------------------------------------------------------------------------------------------------------------- 8. ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE? XX ---------------------------------------------------------------------------------------------------------------- 9. ARE ANY OTHER POSTPETITION TAXES PAST DUE? XX ---------------------------------------------------------------------------------------------------------------- 10. ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS XX DELINQUENT? ---------------------------------------------------------------------------------------------------------------- 11. HAVE ANY PREPETITION TAXES BEEN PAID DURING THE XX REPORTING PERIOD? ---------------------------------------------------------------------------------------------------------------- 12. ARE ANY WAGE PAYMENTS PAST DUE? XX ---------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES," PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY. 4. In accordance with an approved court order, prepetition salaries and wages and employee benefit liabilities were paid during the month. --------------------------------------------------------------------------- During the month, the bank group withdrew cash from the cash collateral account as a payment against the pre-petition secured debt. --------------------------------------------------------------------------- ------------------------------------- INSURANCE ---------------------------------------------------------------------------------------------------------------- YES NO ---------------------------------------------------------------------------------------------------------------- 1. ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER XX NECESSARY INSURANCE COVERAGES IN EFFECT? ---------------------------------------------------------------------------------------------------------------- 2. ARE ALL PREMIUM PAYMENTS PAID CURRENT? XX ---------------------------------------------------------------------------------------------------------------- 3. PLEASE ITEMIZE POLICIES BELOW. ---------------------------------------------------------------------------------------------------------------- IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO," OR IF ANY POLICIES HAVE BEEN CANCELLED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY. ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- INSTALLMENT PAYMENTS ---------------------------------------------------------------------------------------------------------------- TYPE OF PAYMENT AMOUNT POLICY CARRIER PERIOD COVERED & FREQUENCY ---------------------------------------------------------------------------------------------------------------- Philadelphia Indemnity Property Insurance Insurance Company 9-1-00 to 9-1-01 $92,378 - paid in full ---------------------------------------------------------------------------------------------------------------- Automobile Insurance Hartford Insurance Company 9-24-00 to 9-24-01 $15,000 - annual ---------------------------------------------------------------------------------------------------------------- General liability Hartford Insurance Company 9-1-00 to 9-1-01 $75,388 paid in full ---------------------------------------------------------------------------------------------------------------- National Union Fire Fiduciary liability Insurance Co. of Pittsburgh 4-15-01 to 4-15-02 $6,000 - paid in full ---------------------------------------------------------------------------------------------------------------- Crime (Fidelity/ National Union Fire Dishonesty) Insurance Co. of Pittsburgh 4-15-01 to 4-15-02 $12,500 - paid in full ---------------------------------------------------------------------------------------------------------------- Errors & Ommissions (E&O) Steadfast Insurance Company 10-1-00 to 10-1-01 $8,116 - paid in full ---------------------------------------------------------------------------------------------------------------- National Union Fire $159,139 financed monthly - EPLI Insurance Co. of Pittsburgh 10-1-00 to 10-1-02 current on payments ---------------------------------------------------------------------------------------------------------------- National Union Fire Directors & Officers Insurance Co. of Pittsburgh 10-1-00 to 10-1-02 $560,000 - paid in full ---------------------------------------------------------------------------------------------------------------- Commercial Umbrella Liability Steadfast Insurance Company 7-31-00 to 7-31-01 $123,820 financed month - current on payment ---------------------------------------------------------------------------------------------------------------- Workers Compensation Legion Insurance Company 3-29-01 to 12-31-01 $8,084 - paid in full ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------
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