EX-99 2 ex9910102.txt UNAUDITED FINANCIAL STATEMENTS
----------------------------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------- Revised ASSETS AMOUNT January 2002 *December 2001 November 2001 ------------------------------------------------------------------------------------------------------------- 1. UNRESTRICTED CASH $657,834 $148,938 $128,780 $253,022 ------------------------------------------------------------------------------------------------------------- 2. RESTRICTED CASH ------------------------------------------------------------------------------------------------------------- 3. TOTAL CASH $657,834 $148,938 $128,780 $253,022 ------------------------------------------------------------------------------------------------------------- 4. ACCOUNTS RECEIVABLE (NET) $64,359 $64,359 $64,359 ------------------------------------------------------------------------------------------------------------- 5. INVENTORY ------------------------------------------------------------------------------------------------------------- 6. NOTES RECEIVABLE ------------------------------------------------------------------------------------------------------------- 7. PREPAID EXPENSES $435,981 $96,774 $168,457 $220,488 ------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) $14,534,047 $2,717,275 $2,737,275 $2,036,000 ------------------------------------------------------------------------------------------------------------- 9. TOTAL CURRENT ASSETS $15,627,862 $3,027,346 $3,098,871 $2,573,869 ------------------------------------------------------------------------------------------------------------- 10. PROPERTY, PLANT & EQUIPMENT $3,846,680 $3,877,124 $3,877,124 ------------------------------------------------------------------------------------------------------------- 11. LESS: ACCUMULATED DEPRECIATION / DEPLETION $2,791,460 $2,761,780 $2,718,059 ------------------------------------------------------------------------------------------------------------- 12. NET PROPERTY, PLANT & EQUIPMENT $1,092,455 $1,055,220 $1,115,344 $1,159,065 ------------------------------------------------------------------------------------------------------------- 13. DUE FROM INSIDERS ------------------------------------------------------------------------------------------------------------- 14. OTHER ASSETS - NET OF AMORT. (Service Agreement Rights) ------------------------------------------------------------------------------------------------------------- 15. OTHER (ATTACH LIST) $88,579,000 $17,994,089 $25,222,019 $29,971,773 ------------------------------------------------------------------------------------------------------------- 16. TOTAL ASSETS $105,299,317 $22,076,655 $29,436,234 $33,704,707 ------------------------------------------------------------------------------------------------------------- POSTPETITION LIABILITIES ------------------------------------------------------------------------------------------------------------- 17. ACCOUNTS PAYABLE $ 224,808 $ 236,276 $ 478,978 ------------------------------------------------------------------------------------------------------------- 18. TAXES PAYABLE $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 19. NOTES PAYABLE ------------------------------------------------------------------------------------------------------------- 20. PROFESSIONAL FEES $430,260 $624,159 $685,536 ------------------------------------------------------------------------------------------------------------- 21. SECURED DEBT $0 $0 $0 ------------------------------------------------------------------------------------------------------------- 22. OTHER (ATTACH LIST) $199,762 $198,430 $264,883 ------------------------------------------------------------------------------------------------------------- 23. TOTAL POSTPETITION LIABILITIES $854,830 $1,058,865 $1,429,397 ------------------------------------------------------------------------------------------------------------- PREPETITION LIABILITIES -------------------------------------------------------------------------------------------------------- 24. SECURED DEBT $156,072,699 $98,614,243 $103,801,651 $112,889,085 ------------------------------------------------------------------------------------------------------------- 25. PRIORITY DEBT $2,064,593 $131,700 $1,302,686 $1,444,046 ------------------------------------------------------------------------------------------------------------- 26. UNSECURED DEBT $16,118,079 11,184,296 11,194,530 11,119,563 ------------------------------------------------------------------------------------------------------------- 27. OTHER (ATTACH LIST) $2,696,592 $5,819,008 $7,718,750 ------------------------------------------------------------------------------------------------------------- 28. TOTAL PREPETITION LIABILITIES $174,255,371 $112,626,831 $122,117,875 $133,171,444 ------------------------------------------------------------------------------------------------------------- 29. TOTAL LIABILITIES $174,255,371 $113,481,661 $123,176,740 $134,600,841 ------------------------------------------------------------------------------------------------------------- EQUITY ------------------------------------------------------------------------------------------------------------- 30. PREPETITION OWNERS' EQUITY (68,956,054) ($100,659,114) ($100,659,127) ($105,063,501) ------------------------------------------------------------------------------------------------------------- 31. POSTPETITION CUMULATIVE PROFIT OR (LOSS) $9,254,108 $6,918,621 $4,167,367 ------------------------------------------------------------------------------------------------------------- 32. DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION) ------------------------------------------------------------------------------------------------------------- 33. TOTAL EQUITY ($68,956,054) ($91,405,006) ($93,740,506) ($100,896,134) ------------------------------------------------------------------------------------------------------------- 34. TOTAL LIABILITIES & OWNERS' EQUITY $105,299,317 $22,076,655 $29,436,234 $33,704,707 -------------------------------------------------------------------------------------------------------------
NOTE: Decrease in Secured Debt due to paying down debt obligations to major creditor with proceeds received from sale of four subsidiaries in December, and three more in January. Increase in Unsecured Debt due to writing off insurance receivables from subsidiaries sold prior to insurance expiration date. * December was revised to reflect recording of the sale of assets of subsidiaries to physician's groups and year-end adjusting entries.
--------------------------------------------------------------------------------------------------------------------------- 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 January 2002 Revised *December 2001 November 2001 ----------------------------------------------------------------------------------------------------------------- 8. OTHER CURRENT ASSETS ----------------------------------------------------------------------------------------------------------------- Income tax receivable $13,983,375 ----------------------------------------------------------------------------------------------------------- Other current assets $0 ----------------------------------------------------------------------------------------------------------- Sale proceeds held in escrow or receivable $2,717,275 $2,737,275 $1,600,000 ----------------------------------------------------------------------------------------------------------- Management fees receivable (Note #3) $550,672 $0 $0 $436,000 ----------------------------------------------------------------------------------------------------------- $14,534,047 $2,717,275 $2,737,275 $2,036,000 ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- 15. OTHER ASSETS ----------------------------------------------------------------------------------------------------------------- Security deposit $11,760 $7,276 $0 $11,760 ----------------------------------------------------------------------------------------------------------- Stock & interest in subsidiaries (Note 2 below) $87,800,000 $17,986,813 $25,222,019 $29,191,235 ----------------------------------------------------------------------------------------------------------- Club membership (Note #3) $16,000 $0 $0 $16,000 ----------------------------------------------------------------------------------------------------------- STAR program advancing (Note #3) $751,240 $0 $0 $752,778 ----------------------------------------------------------------------------------------------------------- $88,579,000 $17,994,089 $25,222,019 $29,971,773 ----------------------------------------------------------------------------------------------------------- 22. OTHER POSTPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------- Employee withholdings & accrued incentive $147,634 $148,760 $168,057 ----------------------------------------------------------------------------------------------------------- Miscellaneous accruals $51,753 $49,670 $96,826 ----------------------------------------------------------------------------------------------------------- Total Other Postpetition Liabilities $199,387 $198,430 $264,883 ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------- 27. OTHER PREPETITION LIABILITIES ----------------------------------------------------------------------------------------------------------------- Deferred revenue (Note #1 below) $2,696,592 $5,819,008 $7,718,750 ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------
NOTE 1: Reclassification of prior year adjustment, not known at filing date, charged against pre-petition equity and monthly amortization recorded as non-operating income on MOR-2. NOTE 2: Interest in subsidiaries decreased due to sale of subsidiaries. NOTE 3. Certain assets were determined to be un-recoverable and written off or eliminated as a result of a settlement with lessor. * December was revised to reflect recording of the sale of assets of subsidiaries to physician's groups and year-end adjusting entries.
=================================================================================================================== 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 ------------------------------------------------ Revised REVENUES January 2002 *December 2001 November 2001 TOTAL -------------------------------------------------------------------------------------------------------- 1. GROSS REVENUES $0 -------------------------------------------------------------------------------------------------------- 2. LESS: RETURNS & DISCOUNTS $0 -------------------------------------------------------------------------------------------------------- 3. NET REVENUE $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------- COST OF GOODS SOLD -------------------------------------------------------------------------------------------------------- 4. MATERIAL $0 -------------------------------------------------------------------------------------------------------- 5. DIRECT LABOR $0 -------------------------------------------------------------------------------------------------------- 6. DIRECT OVERHEAD $0 -------------------------------------------------------------------------------------------------------- 7. TOTAL COST OF GOODS SOLD $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------- 8. GROSS PROFIT $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------- OPERATING EXPENSES -------------------------------------------------------------------------------------------------------- 9. OFFICER / INSIDER COMPENSATION $844,175 $68,807 $352,300 $1,265,282 -------------------------------------------------------------------------------------------------------- 10. SELLING & MARKETING $0 -------------------------------------------------------------------------------------------------------- 11. GENERAL & ADMINISTRATIVE $25,555 $6,193 $12,988 $44,736 -------------------------------------------------------------------------------------------------------- 12. RENT & LEASE $81,786 $9,615 $20,824 $112,225 -------------------------------------------------------------------------------------------------------- 13. OTHER (ATTACH LIST) ($335,543) $395,501 $512,948 $572,906 -------------------------------------------------------------------------------------------------------- 14. TOTAL OPERATING EXPENSES $615,973 $480,116 $899,060 $1,995,149 -------------------------------------------------------------------------------------------------------- 15. INCOME BEFORE NON-OPERATING INCOME & EXPENSE ($615,973) ($480,116) ($899,060) ($1,995,149) -------------------------------------------------------------------------------------------------------- OTHER INCOME & EXPENSES -------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) ($3,122,416) ($1,910,559) ($3,787,851) ($8,820,826) -------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) $0 $0 $329 $329 -------------------------------------------------------------------------------------------------------- 18. INTEREST EXPENSE (See Note below) $0 $0 ($171,685) ($171,685) -------------------------------------------------------------------------------------------------------- 19. DEPRECIATION / DEPLETION $41,097 $43,721 $58,624 $143,442 -------------------------------------------------------------------------------------------------------- 20. AMORTIZATION $14,240,936 $14,240,936 -------------------------------------------------------------------------------------------------------- 21. OTHER -(ATTACH LIST) $19,028 ($19,924,453) $0 ($19,905,425) -------------------------------------------------------------------------------------------------------- 22. NET OTHER INCOME & EXPENSES ($3,062,292) ($7,550,355) ($3,900,583) ($14,513,229) -------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES -------------------------------------------------------------------------------------------------------- 23. PROFESSIONAL FEES $116,837 $163,590 $2,841 $283,268 -------------------------------------------------------------------------------------------------------- 24. U.S. TRUSTEE FEES $4,000 $2,000 $2,000 $8,000 -------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------- 26. TOTAL REORGANIZATION EXPENSES $120,837 $165,590 $4,841 $291,268 -------------------------------------------------------------------------------------------------------- 27. INCOME TAX ($10,005) ($13,972) ($17,478) ($41,455) -------------------------------------------------------------------------------------------------------- 28. NET PROFIT (LOSS) $2,335,487 $6,918,621 $3,014,160 $12,268,268 -------------------------------------------------------------------------------------------------------- ===================================================================================================================
NOTE:Interest expense was abated upon petition of bankruptcy. Interest income from subsidiaries decreased due to the sale of some subsidiaries. Note #2: Amortizantion of assets deemed to be impaired pre-petition was reversed. Note #3: Rental agreement retroactive to August 2001 - prior months' expense recorded in January. * December was revised to reflect recording of the sale of assets of subsidiaries to physician's groups and year-end adjusting entries.
===================================================================================================================== 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 ------------------------------------------------- Revised January 2002 *December 2001 November 2001 TOTAL -------------------------------------------------------------------------------------------------------------- 13. OTHER OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------- Payroll and payroll taxes (Note #2) ($411,905) $5,713 $189,746 ($216,446) -------------------------------------------------------------------------------------------------------------- Sales use and other taxes $0 $0 $895 $895 -------------------------------------------------------------------------------------------------------------- Utilities $6,553 $2,101 $91,192 $99,846 -------------------------------------------------------------------------------------------------------------- Insurance $48,994 $33,569 $21,288 $103,851 -------------------------------------------------------------------------------------------------------------- Travel $4,142 $10,036 $2,302 $16,480 -------------------------------------------------------------------------------------------------------------- Entertainment $1,177 $3,536 $1,589 $6,302 -------------------------------------------------------------------------------------------------------------- Repairs & Maintenance $634 $534 $487 $1,655 -------------------------------------------------------------------------------------------------------------- Supplies $2,699 $5,763 $7,421 $15,883 -------------------------------------------------------------------------------------------------------------- Employee benefits $6,802 $4,531 $8,302 $19,635 -------------------------------------------------------------------------------------------------------------- Purchased Services (see Note #3 below) $5,361 $329,718 $189,726 $524,805 -------------------------------------------------------------------------------------------------------------- Total Other Operating Expenses ($335,543) $395,501 $512,948 $572,906 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- 16. NON-OPERATING INCOME (ATT. LIST) -------------------------------------------------------------------------------------------------------------- Deferred revenue ($3,122,416) ($1,899,742) ($3,776,141) ($8,798,299) -------------------------------------------------------------------------------------------------------------- Reversal of accrued expenses (Note #1) $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- Payments from settlement $0 ($10,817) ($11,710) ($22,527) -------------------------------------------------------------------------------------------------------------- Total Non-Operating Income ($3,122,416) ($1,910,559) ($3,787,851) ($8,820,826) -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- 17. NON-OPERATING EXPENSE (ATT. LIST) -------------------------------------------------------------------------------------------------------------- Penalty on taxes $0 $0 $329 $329 -------------------------------------------------------------------------------------------------------------- Total Non-Operating Expenses $0 $0 $329 $329 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- 21. OTHER NON-OPERATING EXPENSES -------------------------------------------------------------------------------------------------------------- Earnings in subsidiaries $0 $0 $0 $0 -------------------------------------------------------------------------------------------------------------- Reversal of adjustment to estimated market value ($31,372,202) ($31,372,202) -------------------------------------------------------------------------------------------------------------- Loss on disposal of assets $19,028 $11,447,749 $0 $11,466,776 -------------------------------------------------------------------------------------------------------------- Total Non-Operating Expenses $19,028 ($19,924,453) $0 ($19,905,425) -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- =========================================================================================================================
NOTE #1: Certain accrued expenses, pre-petition, were unsupported or unsubstantiated and, therefore, were reversed to non-operating income. NOTE #2: Includes reversal of prior month accrual for payments to insiders. NOTE #3: Purchased services decreased in January due to reduction in legal fees as some subsidiaries were sold. Increase in December due to additional subsidiaries put into bankruptcy and closing sales of subsidiaries in November and December. * December was revised to reflect recording of the sale of assets of subsidiaries to physician's groups and year-end adjusting entries.
--------------------------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------ Revised DISBURSEMENTS January 2002 *December 2001 November 2001 TOTAL --------------------------------------------------------------------------------------------------------------- 1. CASH - BEGINNING OF MONTH $128,780 $253,022 $147,662 $147,662 --------------------------------------------------------------------------------------------------------------- RECEIPTS FROM OPERATIONS --------------------------------------------------------------------------------------------------------------- 2. CASH SALES --------------------------------------------------------------------------------------------------------------- COLLECTION OF ACCOUNTS RECEIVABLE --------------------------------------------------------------------------------------------------------------- 3. PREPETITION --------------------------------------------------------------------------------------------------------------- 4. POSTPETITION --------------------------------------------------------------------------------------------------------------- 5. TOTAL OPERATING RECEIPTS $53,677 $40,397 $84,601 $178,675 --------------------------------------------------------------------------------------------------------------- NON - OPERATING RECEIPTS --------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES (ATTACH LIST) $2,380,375 $1,179,584 $801,314 $4,361,273 --------------------------------------------------------------------------------------------------------------- 7. SALE OF ASSETS $7,527,376 $10,221,341 $8,297,962 $26,046,679 --------------------------------------------------------------------------------------------------------------- 8. OTHER (ATTACH LIST) ($7,567,773) ($10,367,027) ($8,297,962) ($26,232,762) --------------------------------------------------------------------------------------------------------------- 9. TOTAL NON-OPERATING RECEIPTS $2,339,978 $1,033,898 $801,314 $4,175,190 --------------------------------------------------------------------------------------------------------------- 10. TOTAL RECEIPTS $2,393,655 $1,074,295 $885,915 $4,353,865 --------------------------------------------------------------------------------------------------------------- 11. TOTAL CASH AVAILABLE $2,522,435 $1,327,317 $1,033,577 $4,501,527 --------------------------------------------------------------------------------------------------------------- OPERATING DISBURSEMENTS --------------------------------------------------------------------------------------------------------------- 12. NET PAYROLL $944,127 $170,938 $110,865 $1,225,930 --------------------------------------------------------------------------------------------------------------- 13. PAYROLL TAXES PAID $653,575 $75,197 $131,411 $860,182 --------------------------------------------------------------------------------------------------------------- 14. SALES, USE & OTHER TAXES PAID $4,221 $8,603 $609 $13,433 --------------------------------------------------------------------------------------------------------------- 15. SECURED / RENTAL / LEASES $65,486 $0 $0 $65,486 --------------------------------------------------------------------------------------------------------------- 16. UTILITIES $5,564 $49,244 $44,351 $99,159 --------------------------------------------------------------------------------------------------------------- 17. INSURANCE $2,273 $383 $0 $2,656 --------------------------------------------------------------------------------------------------------------- 18. INVENTORY PURCHASES $0 --------------------------------------------------------------------------------------------------------------- 19. VEHICLE EXPENSES $0 --------------------------------------------------------------------------------------------------------------- 20. TRAVEL $14,568 $1,754 $21,372 $37,694 --------------------------------------------------------------------------------------------------------------- 21. ENTERTAINMENT $4,517 $505 $1,023 $6,045 --------------------------------------------------------------------------------------------------------------- 22. REPAIRS & MAINTENANCE $0 $0 $0 $0 --------------------------------------------------------------------------------------------------------------- 23. SUPPLIES $4,605 $2,181 $24,330 $31,116 --------------------------------------------------------------------------------------------------------------- 24. ADVERTISING $0 --------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) $71,439 $127,090 $115,087 $313,616 --------------------------------------------------------------------------------------------------------------- 26. TOTAL OPERATING DISBURSEMENTS $1,770,375 $435,895 $449,048 $2,655,318 --------------------------------------------------------------------------------------------------------------- REORGANIZATION EXPENSES --------------------------------------------------------------------------------------------------------------- 27. PROFESSIONAL FEES $595,622 $760,642 $331,507 $1,687,771 --------------------------------------------------------------------------------------------------------------- 28. U.S. TRUSTEE FEES $7,500 $2,000 $0 $9,500 --------------------------------------------------------------------------------------------------------------- 29. OTHER (ATTACH LIST) --------------------------------------------------------------------------------------------------------------- 30. TOTAL REORGANIZATION EXPENSES $603,122 $762,642 $331,507 $1,697,271 --------------------------------------------------------------------------------------------------------------- 31. TOTAL DISBURSEMENTS $2,373,497 $1,198,537 $780,555 $4,352,589 --------------------------------------------------------------------------------------------------------------- 32. NET CASH FLOW $20,158 ($124,242) $105,360 $1,276 --------------------------------------------------------------------------------------------------------------- 33. CASH - END OF MONTH $148,938 $128,780 $253,022 $148,938 --------------------------------------------------------------------------------------------------------------- =====================================================================================================================
Note:Professional Fees increased in December due to approval by court to pay previously withheld fees per instructions of the court. Note: Payroll increased due to incentive pay earned on sale of subsidiaries. Note: Rental agreement paid retroactively to August 2001.
------------------------------------------------------------------------------------------------------------------------------- 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 --------------------------------------------------------- January 2002 Revised *December 2001 November 2001 TOTAL ------------------------------------------------------------------------------------------------------------------------- 6. LOANS & ADVANCES ------------------------------------------------------------------------------------------------------------------------- Draws from the Cash Collateral account $2,380,375 $1,179,584 $801,314 $4,361,273 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Total Loans & Advances $2,380,375 $1,179,584 $801,314 $4,361,273 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 8. OTHER NON-OPERATING RECEIPTS ------------------------------------------------------------------------------------------------------------------------- Payments into the Cash Collateral account ($40,397) ($145,686) $0 ($186,083) ------------------------------------------------------------------------------------------------------------------------- Transfer Sale Proceeds to Cash Collateral ($7,527,376) ($10,221,341) ($8,297,962) ($26,046,679) ------------------------------------------------------------------------------------------------------------------------- Total Other Non-Operating Receipts ($7,567,773) ($10,367,027) ($8,297,962) ($26,232,762) ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 25. OTHER (ATTACH LIST) ------------------------------------------------------------------------------------------------------------------------- EMPLOYEE WITHHOLDINGS & BENEFITS $8,644 $12,121 $9,525 $30,290 ------------------------------------------------------------------------------------------------------------------------- PURCHASED SERVICES $36,527 $4,397 $11,864 $52,788 ------------------------------------------------------------------------------------------------------------------------- GENERAL AND ADMINISTRATIVE EXP. $2,090 $2,343 $35,361 $39,794 ------------------------------------------------------------------------------------------------------------------------- WORKING CAPITAL ADVANCE TO SUBSIDIARIES (Note below) $23,882 $108,229 $57,602 $189,713 ------------------------------------------------------------------------------------------------------------------------- Penalty & Interest $0 $0 $735 $735 ------------------------------------------------------------------------------------------------------------------------- Bank adjustments $296 $0 $0 $296 ------------------------------------------------------------------------------------------------------------------------- TOTAL OTHER OPERATING DISBURSEMENTS $71,439 $127,090 $115,087 $312,585 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 29. OTHER REORGANIZATION DISBURSEMENTS ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- ===============================================================================================================================
Note:Increase in working capital advance to subsidiaries due to payment of Trustee Fees on their behalf and to ensure timely filing and payment.
------------------------------------------------------------------------------------------------------------------------------- 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 ----------------------------------------------------- Revised ACCOUNTS RECEIVABLE AGING AMOUNT January 2002 *December 2001 November 2001 ------------------------------------------------------------------------------------------------------------------------- 1. 0-30 $0 $0 $5,456 ------------------------------------------------------------------------------------------------------------------------- 2. 31-60 $0 $5,456 $10,532 ------------------------------------------------------------------------------------------------------------------------- 3. 61-90 $5,456 $10,532 $13,686 ------------------------------------------------------------------------------------------------------------------------- 4. 91+ $58,902 $48,370 $34,684 ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL ACCOUNTS RECEIVABLE $0 $64,358 $64,358 $64,358 ------------------------------------------------------------------------------------------------------------------------- 6. AMOUNT CONSIDERED UNCOLLECTIBLE ------------------------------------------------------------------------------------------------------------------------- 7. ACCOUNTS RECEIVABLE (NET) $0 $64,358 $64,358 $64,358 ------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------- AGING OF POSTPETITION TAXES AND PAYABLES MONTH: January 2002 ------------------------------------ ------------------------------------------------------------------------------------------------------------------------- 0-30 31-60 61-90 91+ TAXES PAYABLE DAYS DAYS DAYS DAYS TOTAL ------------------------------------------------------------------------------------------------------------------------- 1. FEDERAL $0 $ - ------------------------------------------------------------------------------------------------------------------------- 2. STATE $0 $0 $ - ------------------------------------------------------------------------------------------------------------------------- 3. LOCAL $ - ------------------------------------------------------------------------------------------------------------------------- 4. OTHER (ATTACH LIST) $ - ------------------------------------------------------------------------------------------------------------------------- 5. TOTAL TAXES PAYABLE $0 $0 $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- 6. ACCOUNTS PAYABLE 14,135 112,096 65,845 32,732 224,808 ------------------------------------------------------------------------------------------------------------------------- In accordance with court order, unpaid liabilities to professionals (Andrews & Kurth, et.al.) of $198,692 were not released for payment pending approval by court. -------------------------------------------------- STATUS OF POSTPETITION TAXES MONTH: January 2002 ------------------------------------ -------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- BEGINNING AMOUNT ENDING TAX WITHHELD AND/ AMOUNT TAX FEDERAL LIABILITY* 0R ACCRUED PAID LIABILITY ------------------------------------------------------------------------------------------------------------------------- 1. WITHHOLDING** $556,909 $556,909 $0 ------------------------------------------------------------------------------------------------------------------------- 2. FICA-EMPLOYEE** $47,309 $47,309 $0 ------------------------------------------------------------------------------------------------------------------------- 3. FICA-EMPLOYER** $47,309 $47,309 $0 ------------------------------------------------------------------------------------------------------------------------- 4. UNEMPLOYMENT $776 $776 $0 ------------------------------------------------------------------------------------------------------------------------- 5. INCOME $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 6. OTHER (ATTACH LIST) $0 ------------------------------------------------------------------------------------------------------------------------- 7. TOTAL FEDERAL TAXES $0 $652,304 $652,304 $0 ------------------------------------------------------------------------------------------------------------------------- STATE AND LOCAL ------------------------------------------------------------------------------------------------------------------------- 8. WITHHOLDING $0 $485 $485 $0 ------------------------------------------------------------------------------------------------------------------------- 9. SALES $0 $0 $0 ------------------------------------------------------------------------------------------------------------------------- 10. EXCISE $0 ------------------------------------------------------------------------------------------------------------------------- 11. UNEMPLOYMENT $0 $786 $786 $0 ------------------------------------------------------------------------------------------------------------------------- 12. REAL PROPERTY $0 ------------------------------------------------------------------------------------------------------------------------- 13. PERSONAL PROPERTY $0 ------------------------------------------------------------------------------------------------------------------------- 14. OTHER - Franchise and income taxes $4,221 $4,221 $0 ------------------------------------------------------------------------------------------------------------------------- 15. TOTAL STATE & LOCAL $0 $5,492 $5,492 $0 ------------------------------------------------------------------------------------------------------------------------- 16. TOTAL TAXES $0 $657,796 $657,796 $0 -------------------------------------------------------------------------------------------------------------------------
* 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: January 2002 ---------------------------------------- ----------------------------------------------------------------------- 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): Closed Operating Benefits Benefits Benefit Plan Benefit Plan -------------------------------------------------------------------------------------------------------------------------- 1. BALANCE PER BANK STATEMENT $0 $242,224 $0 $101,311 $0 $50,713 $394,248 -------------------------------------------------------------------------------------------------------------------------- 2. ADD: TOTAL DEPOSITS NOT CREDITED $0 $0 -------------------------------------------------------------------------------------------------------------------------- 3. SUBTRACT: OUTSTANDING CHECKS $0 ($170,039) ($31,831) ($201,870) -------------------------------------------------------------------------------------------------------------------------- 4. OTHER RECONCILING ITEMS $0 $0 ($43,690) ($43,690) -------------------------------------------------------------------------------------------------------------------------- 5. MONTH END BALANCE PER BOOKS $0 $72,185 $0 $69,480 $0 $7,023 $148,688 -------------------------------------------------------------------------------------------------------------------------- 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 $148,938 -------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------- 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: _______January_2002 -------------- --------------------------------------------------------------------------- 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 $328,641 $328,641 --------------------------------------------------------------------------- Charles McQueary expense reports $0 $0 --------------------------------------------------------------------------- 2. Robert Smith salary $1,706 $1,706 --------------------------------------------------------------------------- Robert Smith expense reports $0 $0 --------------------------------------------------------------------------- 3. Mike Yeary salary $292,509 $292,509 --------------------------------------------------------------------------- Mike Yeary expense reports $4,812 $4,812 --------------------------------------------------------------------------- 4. Karen Nicolaou salary $210,811 $210,811 --------------------------------------------------------------------------- 5. Karen Nicolaou expense reports $5,696 $5,696 --------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO INSIDERS $844,175 $844,175 --------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------- PROFESSIONALS -------------------------------------------------------------------------------------------------------- DATE OF COURT TOTAL ORDER AUTHORIZING AMOUNT AMOUNT TOTAL PAID INCURRED NAME PAYMENT APPROVED PAID TO DATE & UNPAID * -------------------------------------------------------------------------------------------------------- 1. Andrews & Kurth April 9, 2001 $578,243 $578,243 $578,243 $408,442 -------------------------------------------------------------------------------------------------------- 2. Colvin & Petrocchi, L.L. April 6, 2001 $2,693 $2,693 $2,693 $5,923 -------------------------------------------------------------------------------------------------------- 3. Dyer, Ellis & Joseph $3,736 $3,736 $3,736 $8,007 -------------------------------------------------------------------------------------------------------- 4 Cozen & O'Connor $6,845 $6,845 $6,845 $0 -------------------------------------------------------------------------------------------------------- 5 Haynes & Boone $4,105 $4,105 $4,105 $7,888 -------------------------------------------------------------------------------------------------------- 6. TOTAL PAYMENTS TO PROFESSIONALS $595,622 $595,622 $595,622 $430,260 -------------------------------------------------------------------------------------------------------- * 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 ----------------------------------------------------------------------------------------- 3 ----------------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------- January 2002 ------------------------------ --------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------