EX-99.1 2 a17-18747_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

Monthly Operating Report

 

ACCRUAL BASIS

 

CASE NAME: ADPT DFW Holdings LLC, et al.

 

CASE NUMBER: 17-31432 (jointly administered)

 

JUDGE: Stacey G. C. Jernigan

 

UNITED STATES BANKRUPTCY COURT

NORTHERN & EASTERN DISTRICTS OF TEXAS

 

REGION 6

 

MONTHLY OPERATING REPORT

 

MONTH ENDING:

June

 

2017

MONTH

 

YEAR

 

IN  ACCORDANCE  WITH  TITLE  28,  SECTION  1746,  OF  THE  UNITED  STATES  CODE,  I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1  THROUGH  ACCRUAL BASIS-7)  AND THE  ACCOMPANYING  ATTACHMENTS  AND, TO  THE  BEST  OF  MY  KNOWLEDGE,  THESE DOCUMENTS  ARE  TRUE,  CORRECT,  AND  COMPLETE. DECLARATION  OF  THE  PREPARER (OTHER  THAN  RESPONSIBLE  PARTY) IS  BASED  ON  ALL INFORMATION  OF  WHICH PREPARER  HAS  ANY  KNOWLEDGE.

 

RESPONSIBLE  PARTY:

 

/s/ Andrew Hinkelman

 

Chief Restructuring Officer

ORIGINAL SIGNATURE OF RESPONSIBLE PARTY

 

TITLE

 

 

 

Andrew Hinkelman

 

7/31/2017

PRINTED NAME OF RESPONSIBLE PARTY

 

DATE

 

 

 

 

 

 

PREPARER:

 

 

 

 

 

 

 

 

ORIGINAL SIGNATURE OF PREPARER

 

TITLE

 

 

 

 

 

 

PRINTED NAME OF PREPARER

 

DATE

 


 

Monthly Operating Report

ACCRUAL BASIS-1

 

CASE NAME: ADPT DFW Holdings LLC, et al.

 

 

CASE NUMBER: 17-31432 (jointly administered)

 

 

 

May 31, 2017

 

June 30, 2017

 

Notes:

 

ASSETS

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

Cash

 

24,524,218

 

17,625,375

 

 

 

Accounts receivable , net of allowance

 

32,118,436

 

35,590,605

 

 

 

Other receivables and current assets

 

7,448,004

 

7,186,802

 

See detail below

 

Due from related party

 

(8,616,469

)

(5,734,448

)

 

 

Medical supplies inventory

 

4,762,782

 

4,766,395

 

 

 

 

 

 

 

 

 

 

 

Total Current Assets

 

60,236,970

 

59,434,729

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net

 

29,634,163

 

28,980,966

 

 

 

Investment in unconsolidated affiliates

 

45,607,135

 

39,780,263

 

 

 

Deposits

 

1,540,260

 

1,540,430

 

 

 

Deferred tax asset

 

202,384,237

 

202,384,237

 

 

 

Intangibles, net

 

16,900,000

 

16,900,000

 

 

 

Goodwill

 

51,390,058

 

51,390,058

 

 

 

Note receivable

 

11,000,000

 

11,000,000

 

 

 

Other long-term assets

 

2,224,711

 

2,235,583

 

See detail below

 

 

 

 

 

 

 

 

 

Total assets

 

420,917,534

 

413,646,266

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities - Debtor Post Petition

 

 

 

 

 

 

 

Accounts payable

 

1,427,357

 

1,764,457

 

 

 

DIP Loan (with accrued PIK interest)

 

20,069,014

 

25,688,215

 

 

 

Accrued expenses

 

19,587,441

 

26,736,553

 

Refer to General Notes

 

Accrued compensation

 

4,741,835

 

8,147,156

 

Refer to General Notes

 

 

 

 

 

 

 

 

 

Total current liabilities - Debtor Post Petition

 

45,825,647

 

62,336,381

 

 

 

 

 

 

 

 

 

 

 

Current liabilities - Debtor Pre Petition

 

 

 

 

 

 

 

Accounts payable - Debtor Pre-Petition

 

14,183,962

 

13,153,285

 

Refer to General Notes

 

 

 

 

 

 

 

 

 

Total current liabilities - Debtor Pre Petition

 

14,183,962

 

13,153,285

 

 

 

 

 

 

 

 

 

 

 

Current liabilities - Other

 

 

 

 

 

 

 

Accounts payable - Non-Debtor

 

15,568,843

 

13,391,010

 

 

 

Current deferred rent

 

925,082

 

920,950

 

(1)

 

 

 

 

 

 

 

 

 

Total current liabilities - Other

 

16,493,924

 

14,311,960

 

 

 

 

 

 

 

 

 

 

 

Total current liabilities

 

76,503,534

 

89,801,626

 

 

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

 

Current maturities of capital lease obligations

 

120,518

 

120,673

 

 

 

Current maturities of long-term debt

 

16,379,722

 

11,392,421

 

 

 

Long-term debt, less current maturities

 

192,833,855

 

197,872,416

 

 

 

Payable to related parties pursuant to tax receivable agreement

 

237,913,559

 

237,913,559

 

 

 

Mandatorily redeemable preferred stock

 

28,685,682

 

28,877,729

 

 

 

Capital lease obligations, less current maturities

 

410,604

 

399,373

 

 

 

Deferred rent, less current maturities

 

4,696,647

 

4,762,338

 

(1)

 

Due to related party

 

59,160,274

 

54,804,458

 

(1)

 

 

 

 

 

 

 

 

 

Total long-term liabilities

 

540,200,862

 

536,142,966

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

616,704,395

 

625,944,592

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity (deficit)

 

(195,786,862

)

(212,298,326

)

 

 

 

 

 

 

 

 

 

 

Total liabilities and shareholders’ equity

 

420,917,534

 

413,646,266

 

 

 

 

 

 

 

 

 

 

 

Other receivables and current assets

 

 

 

 

 

 

 

A/R NIX

 

60,000

 

120,000

 

 

 

Employee Advances

 

27,431

 

23,709

 

 

 

Accounts Receivable - Officers

 

3,087

 

3,119

 

 

 

Receivable Cash in Transit

 

653,135

 

653,135

 

 

 

Accounts Receivable - MPT

 

4,760,035

 

4,407,168

 

 

 

Prepaid Insurance

 

541,925

 

366,894

 

 

 

Prepaid Rent

 

—

 

155,021

 

 

 

Other Prepaid Expense

 

542,942

 

395,732

 

 

 

Prepaid Facilities Supplies

 

16,773

 

16,785

 

 

 

Prepaid Maintenance Contracts

 

9,413

 

7,760

 

 

 

Prepaid Software Licenses

 

529,864

 

766,664

 

 

 

Prepaid Licenses

 

303,398

 

270,813

 

 

 

Total

 

7,448,004

 

7,186,802

 

 

 

 

 

 

 

 

 

 

 

Other long-term assets

 

 

 

 

 

 

 

Def Lease Asset - LT

 

133,359

 

130,617

 

 

 

Deferred Lease Cost

 

1,894,857

 

1,881,146

 

 

 

Interest Receivable

 

196,495

 

223,820

 

 

 

Total

 

2,224,711

 

2,235,583

 

 

 

 

Notes:

 

Letter of Credit Obligations are not recorded on the financial statements

June covers the balances as of 06/30/2017

May covers the balances as of 05/31/2017

(1) Amount shown reflects pre and post petition amounts. Company’s standard reporting does not provide breakdown of liability

 


 

Monthly Operating Report

ACCRUAL BASIS-2

 

CASE NAME: ADPT DFW Holdings LLC, et al.

 

 

CASE NUMBER: 17-31432 (jointly administered)

 

 

 

May 31, 2017

 

June 30, 2017

 

Notes:

 

Revenue

 

 

 

 

 

 

 

Patient service revenue

 

$

32,569,756

 

$

24,214,346

 

 

 

Provision for bad debts

 

(14,986,886

)

(7,177,368

)

 

 

Net patient service revenue

 

$

17,582,870

 

$

17,036,978

 

 

 

 

 

 

 

 

 

 

 

Management and contract services revenue

 

(1,663,974

)

409,627

 

 

 

 

 

 

 

 

 

 

 

Total net operating revenue

 

$

15,918,895

 

$

17,446,605

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

Salaries, wages and benefits

 

$

(20,903,996

)

$

(14,944,733

)

 

 

Equity in earnings (loss) of joint ventures

 

(9,853,254

)

(7,149,864

)

 

 

General and administration costs

 

(2,746,954

)

(2,078,216

)

 

 

Depreciation and amortization

 

(996,524

)

(694,345

)

 

 

Other operating expenses

 

(4,674,066

)

(4,068,924

)

 

 

Gain (loss) on disposal of assets

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

Financing charges

 

$

(2,061,474

)

$

(1,773,541

)

 

 

Reorganization costs, net

 

(2,091,353

)

(3,144,564

)

 

 

Other (Adjustments to Allowed Claims, debt valuation)

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Loss before income tax

 

$

(27,408,726

)

$

(16,407,582

)

 

 

Income tax expense

 

(407,000

)

—

 

(1)

 

Net Loss

 

$

(27,815,726

)

$

(16,407,582

)

 

 

 

Notes:

 

June covers the period between 06/01/2017 and 06/30/2017

May covers the period between 04/20/2017 and 05/31/2017

(1) Federal income tax expense has not been recorded in 2017.  May income tax expense represents Texas Franchise tax which was due in May

 


 

Monthly Operating Report

ACCRUAL BASIS-3

 

CASE NAME: ADPT DFW Holdings LLC, et al.

 

 

CASE NUMBER: 17-31432 (jointly administered)

 

 

 

May 31, 2017

 

June 30, 2017

 

Notes:

 

Beginning Cash (Bank Balance)

 

5,088,417

 

24,160,338

 

 

 

 

 

 

 

 

 

 

 

Cash Receipts - Patient Revenue Related

 

58,731,050

 

42,573,300

 

 

 

Cash Receipts - Debt Draw Related

 

19,900,000

 

5,583,400

 

 

 

Total Cash Receipts

 

78,631,050

 

48,156,700

 

 

 

 

 

 

 

 

 

 

 

Disbursements

 

 

 

 

 

 

 

Payroll, Payroll Taxes, and Benefits

 

20,564,918

 

14,207,993

 

 

 

Physician Payroll

 

15,193,699

 

15,305,429

 

 

 

Rent & Other Occupancy

 

6,313,035

 

5,909,349

 

 

 

Utilities

 

761,089

 

840,265

 

 

 

Equipment Leases

 

2,735,816

 

2,299,624

 

 

 

Lab Fees, Supplies & Other Patient Expenses

 

3,585,246

 

3,676,104

 

 

 

Insurance

 

2,008,517

 

456,578

 

 

 

Other Disbursements

 

6,028,695

 

8,044,666

 

 

 

Professional Fees

 

205,840

 

3,595,300

 

(1)

 

Deposits

 

729,419

 

—

 

 

 

Critical Vendors

 

17,175

 

338,908

 

 

 

503(b)(9)

 

—

 

—

 

 

 

Priority Claims

 

—

 

—

 

 

 

Taxes

 

1,415,680

 

732

 

 

 

Total Disbursements

 

59,559,129

 

54,674,948

 

 

 

 

 

 

 

 

 

 

 

Net Cash Flow

 

19,071,921

 

(6,518,249

)

 

 

 

 

 

 

 

 

 

 

Ending Cash (Bank Balance)

 

24,160,338

 

17,642,090

 

 

 

 

 

 

 

 

 

 

 

Closing Balance Reconciliation

 

 

 

 

 

 

 

Book Balance

 

24,524,218

 

17,625,375

 

Book Balance of Debtors

 

Non-Debtor Accounts and Adjustments

 

365,540

 

4,064,287

 

(2)

 

Escrow Accounts (Professional Fee and Utility)

 

(729,419

)

(4,047,572

)

 

 

Ending Cash (Bank Balance)

 

24,160,338

 

17,642,090

 

Available Bank Balance as of 06/30/2017

 

 

Notes:

 

Cash Receipts include receipts for non-debtor facilities

Cash Disbursements  include disbursements  for non-debtor facilities

(1)  Professional  Fees represent the funding of the professional  fee escrow account

(2)  Non-Debtor  Accounts and Adjustments  include the cash receipts that have not been swept to the Debtor’s Bank of America accounts (from Colorado’s JPM Account and other Non-Debtor  Bank of America accounts), as well as adjustments  to include the impact of outstanding checks and other accounting reconciling items to arrive at ending bank balance

 


 

 

 

 

 

May 31, 2017

 

June 30, 2017

 

 

Case Number

 

Legal Entity Name

 

Receipts

 

Disbursements

 

Receipts

 

Disbursements

 

Notes

17-31432

 

ADPT DFW Holdings LLC

 

$

—

 

$

—

 

$

—

 

$

—

 

 

17-31434

 

Adeptus Health Inc.

 

—

 

—

 

—

 

—

 

 

17-31435

 

Adeptus Health LLC

 

—

 

—

 

—

 

—

 

 

17-31436

 

First Choice ER, LLC

 

39,226,369

 

—

 

28,243,499

 

—

 

Includes receipts related to non-debtor entities

17-31437

 

East Mesa Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31438

 

League City Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31439

 

East Pflugerville Medical Center LLC

 

312,579

 

276,358

 

249,010

 

128,901

 

 

17-31440

 

Antoine Medical Center LLC

 

890,092

 

420,427

 

618,790

 

273,269

 

 

17-31441

 

Legacy Trails Medical Center LLC

 

490,525

 

310,288

 

312,154

 

181,077

 

 

17-31442

 

East Riverside Medical Center LLC

 

—

 

217,161

 

—

 

87,741

 

 

17-31443

 

ECC Management, LLC

 

—

 

10,166,921

 

—

 

9,365,045

 

Disbursements for non-debtors shown at bottom.

17-31444

 

Arizona General ER LLC

 

—

 

—

 

—

 

—

 

 

17-31445

 

Lewis Center Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31446

 

Litchfield Park Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31447

 

FCER Management, LLC

 

—

 

197

 

—

 

—

 

 

17-31448

 

Adeptus Health Colorado Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31449

 

Atascocita 1960 Medical Center LLC

 

—

 

2,647

 

—

 

11,369

 

 

17-31450

 

Louetta Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31451

 

First Texas Hospital Cy-Fair LLC

 

10,009,855

 

8,142,241

 

7,194,983

 

4,787,755

 

 

17-31452

 

Rosenberg Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31453

 

Marrero Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31454

 

Austin Brodie Medical Center LLC

 

338,874

 

318,070

 

370,613

 

170,544

 

 

17-31455

 

Adeptus Health Management LLC

 

—

 

—

 

—

 

—

 

 

17-31456

 

Baytown Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31457

 

Meadowbrook Heights Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31458

 

Medical Center of Crosby Lynchburg LLC

 

—

 

—

 

—

 

—

 

 

17-31459

 

Bella Terra Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31460

 

Roy Richard Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31461

 

Adeptus Health Phoenix Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31462

 

Medical Center of Spring Rayford Richards LLC

 

—

 

—

 

—

 

—

 

 

17-31463

 

San Antonio Nacogdoches Medical Center LLC

 

232,761

 

322,361

 

217,338

 

170,352

 

 

17-31464

 

Four Points Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31465

 

Mesa Tierra Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31466

 

Adeptus Health Ventures LLC

 

—

 

—

 

—

 

—

 

 

17-31467

 

San Tan Valley Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31468

 

Bender’s Landing Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31469

 

Friendswood Medical Center LLC

 

343,012

 

310,901

 

306,215

 

172,520

 

 

17-31470

 

Midlothian Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31471

 

ADPT Columbus Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31472

 

Seguin Foster Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31473

 

Mountain Park Ranch Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31474

 

FTH Houston Partners LLC

 

—

 

—

 

—

 

—

 

 

17-31475

 

Blacklick Woods Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31476

 

Sienna Plantation Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31477

 

Garland Centerville Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31478

 

National Medical Professionals of Arizona LLC

 

2,339,485

 

2,267,166

 

1,749,297

 

2,255,183

 

 

17-31479

 

ADPT Houston Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31480

 

South Bend Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31481

 

Gilbert Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31482

 

Briar Forest-Eldridge Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31483

 

National Medical Professionals of Ohio LLC

 

—

 

—

 

—

 

—

 

 

17-31484

 

South Carrier Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31485

 

Gleannloch Farms Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31486

 

ADPT New Orleans Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31487

 

South Green Oaks Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31488

 

Broad Wagoner Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31489

 

Glendale Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31490

 

Goodyear Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31491

 

Spanish Oaks Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31492

 

Greenville Stacy Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31493

 

ADPT New Orleans Management LLC

 

—

 

166

 

—

 

2,364

 

 

17-31494

 

Brushy Creek Medical Center LLC

 

304,642

 

324,261

 

183,342

 

168,158

 

 

17-31495

 

Spring 2920 Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31496

 

Guadalupe River Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31497

 

ADPT-AZ MPT Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31498

 

Camelback 83rd Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31499

 

Hampden Tower Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31500

 

Spring Green Medical Center LLC

 

147,417

 

293,083

 

120,217

 

134,980

 

 

17-31501

 

Helotes Medical Center LLC

 

257,310

 

333,513

 

136,944

 

181,439

 

 

17-31502

 

ADPT-AZ RE Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31503

 

SSH Medical Center LLC

 

406,108

 

356,523

 

336,029

 

183,371

 

 

17-31504

 

Hilliard Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31505

 

Cedar Park Lakeline Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31506

 

Sterling Ridge Medical Center II LLC

 

—

 

—

 

—

 

—

 

 

17-31507

 

Houston 9520 Jones Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31508

 

ADPT-CO MPT Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31509

 

Centennial Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31510

 

New Orleans East Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31511

 

Houston FM 1960 Medical Center LLC

 

—

 

—

 

—

 

358

 

 

17-31512

 

ADPT-CO RE Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31513

 

Sterling Ridge Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31514

 

Katy ER Center LLC

 

—

 

—

 

—

 

—

 

 

17-31515

 

Summerwood Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31516

 

Center Street DP Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31517

 

Keller Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31518

 

Surprise Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31519

 

ADPT-Columbus MPT Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31520

 

Kingwood Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31521

 

Chandler Germann Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31522

 

SW Chandler Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31523

 

ADPT-Columbus RE Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31524

 

Kuykendahl Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31525

 

Chandler Heights Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31526

 

La Porte Medical Center LLC

 

274,649

 

288,639

 

192,413

 

163,474

 

 

17-31527

 

ADPT-DFW MPT Holdings LLC

 

—

 

—

 

—

 

—

 

 

 


 

 

 

 

 

May 31, 2017

 

June 30, 2017

 

 

Case Number

 

Legal Entity Name

 

Receipts

 

Disbursements

 

Receipts

 

Disbursements

 

Notes

17-31528

 

Sycamore School Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31529

 

Cinco Ranch Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31530

 

Lakewood Forest Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31531

 

Tempe McClintock Baseline Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31532

 

ADPT-DFW RE Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31533

 

ADPT-Houston MPT Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31534

 

Tempe Rural-Baseline Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31535

 

Colonial Lakes Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31536

 

ADPT-Houston RE Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31537

 

Texas Regional Hospital LLC

 

—

 

—

 

—

 

—

 

 

17-31538

 

Northwest Harris County Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31539

 

Colorado General Hospital LLC

 

—

 

—

 

—

 

—

 

 

17-31540

 

Ohio General ER LLC

 

—

 

—

 

—

 

—

 

 

17-31541

 

Victory Lakes Medical Center LLC

 

165,247

 

311,207

 

108,862

 

162,597

 

 

17-31542

 

ADPT-LA MPT Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31543

 

Wadsworth-Belleview Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31544

 

Conroe Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31545

 

ADPT-LA RE Holdings LLC

 

—

 

—

 

—

 

—

 

 

17-31546

 

Waterside Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31547

 

Ohio General Hospital LLC

 

—

 

—

 

—

 

—

 

 

17-31548

 

AJNH Medical Center LLC

 

325,830

 

287,605

 

268,269

 

129,239

 

 

17-31549

 

Opfree Licensing LP

 

—

 

—

 

—

 

—

 

 

17-31550

 

White Settlement Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31551

 

Converse Medical Center LLC

 

350,204

 

326,625

 

235,747

 

168,530

 

 

17-31552

 

Wilderness-Hardy Oak Medical Center LLC

 

7,835

 

62,715

 

3,998

 

54,824

 

 

17-31553

 

Alamo Heights SA Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31554

 

Copperwood Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31555

 

William Cannon Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31556

 

Algiers Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31557

 

Creekside Forest Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31558

 

OpFree RE Investments, Ltd.

 

—

 

—

 

—

 

—

 

 

17-31559

 

Culebra-Tezel Medical Center LLC

 

357,289

 

279,070

 

240,585

 

133,524

 

 

17-31560

 

De Zavala Medical Center LLC

 

545,648

 

321,881

 

323,858

 

187,149

 

 

17-31561

 

Alvin Medical Center LLC

 

334,459

 

298,460

 

290,107

 

167,698

 

 

17-31562

 

OpFree, LLC

 

—

 

—

 

—

 

—

 

 

17-31563

 

Dublin Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31564

 

Anthem Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31565

 

Eagles Nest Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31566

 

Pearland 518 Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31567

 

Pearland Parkway Medical Center LLC

 

425,871

 

314,559

 

346,854

 

183,756

 

 

17-31568

 

Pearland Sunrise Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31569

 

Pflugerville Medical Center LLC

 

300,046

 

260,700

 

269,051

 

124,272

 

 

17-31570

 

Potranco Medical Center LLC

 

344,943

 

337,727

 

255,125

 

170,162

 

 

17-31571

 

Provinces Medical Center LLC

 

—

 

—

 

—

 

—

 

 

17-31572

 

Queen Creek Medical Center LLC

 

—

 

—

 

—

 

—

 

 

Non-Debtor

 

Non-Debtor

 

—

 

32,407,656

 

—

 

34,755,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

58,731,050

 

$

59,559,129

 

$

42,573,300

 

$

54,674,948

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Receipts - Debt Draw Related

 

19,900,000

 

—

 

5,583,400

 

—

 

 

Total

 

 

 

$

78,631,050

 

$

59,559,129

 

$

48,156,700

 

$

54,674,948

 

 

 


 

Monthly Operating Report

ACCRUAL BASIS-4

CASE NAME: ADPT DFW Holdings LLC, et al.

 

CASE NUMBER: 17-31432 (jointly administered)

 

ACCOUNTS RECEIVABLE AGING

 

SCHEDULE
AMOUNT

 

May

 

June

 

MONTH

 

1.                 0-30

 

 

 

$

21,318,088

 

$

19,391,277

 

 

 

2.                 31-60

 

 

 

$

18,224,154

 

$

14,617,672

 

 

 

3.                 61-90

 

 

 

$

15,746,958

 

$

13,999,090

 

 

 

4.                 91+

 

 

 

$

94,060,896

 

$

103,550,653

 

 

 

5.                 TOTAL ACCOUNTS RECEIVABLE (1)

 

$

135,478,478

 

$

149,350,096

 

$

151,558,693

 

$

0

 

6.                 RESERVES AND RECONCILING ITEMS (2)

 

$

(106,121,501

)

$

(122,319,348

)

$

(119,554,942

)

 

 

7.                 Non-Debtor NMP Net A/R (3)

 

$

0

 

$

5,087,688

 

$

3,586,853

 

 

 

8.                 ACCOUNTS RECEIVABLE (NET)

 

$

29,356,978

 

$

32,118,436

 

$

35,590,605

 

$

0

 

 

(1) Schedules did not reflect aging of A/R, as such all amounts are shown in total line.

(2) Includes reconciliation items to GL including: hold accruals and bill out of service months.

(3) Debtor financials include A/R balances for NMP for owned locations in Austin, Houston and San Antonio.

 

AGING OF POSTPETITION TAXES AND PAYABLES

MONTH: June 2017

 

TAXES PAYABLE

 

0-30
DAYS

 

31-60
DAYS

 

61-90
DAYS

 

91+
DAYS

 

TOTAL

 

1.                 FEDERAL

 

$

0

 

$

0

 

$

0

 

$

0

 

$

0

 

2.                 STATE

 

$

0

 

$

0

 

$

0

 

$

0

 

$

0

 

3.                 LOCAL

 

$

0

 

$

0

 

$

0

 

$

0

 

$

0

 

4.                 OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

$

0

 

5.                 TOTAL TAXES PAYABLE

 

$

0

 

$

0

 

$

0

 

$

0

 

$

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.                 ACCOUNTS PAYABLE (4)

 

$

1,732,082

 

$

32,375

 

$

0

 

$

0

 

$

1,764,457

 

 

(4) Only includes aging for post-petition accounts payable for Debtors

 

STATUS  OF  POSTPETITION  TAXES

MONTH: June 2017

 

 

 

BEGINNING
TAX
LIABILITY

 

AMOUNT
WITHHELD AND/
0R ACCRUED

 

AMOUNT
PAID

 

ENDING
TAX
LIABILITY

 

FEDERAL

 

 

 

 

 

 

 

 

 

1.                 WITHHOLDING

 

$

0

 

$

704,962

 

$

704,962

 

$

0

 

2.                 FICA-EMPLOYEE

 

$

0

 

$

372,955

 

$

372,955

 

$

0

 

3.                 FICA-EMPLOYER

 

$

0

 

$

371,098

 

$

371,098

 

$

0

 

4.                 UNEMPLOYMENT

 

$

0

 

$

2,206

 

$

2,206

 

$

0

 

5.                 INCOME

 

$

0

 

$

0

 

$

0

 

$

0

 

6.                 OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

7.                 TOTAL FEDERAL TAXES

 

$

0

 

$

1,451,221

 

$

1,451,221

 

$

0

 

STATE AND LOCAL

 

 

 

 

 

 

 

 

 

8.                 WITHHOLDING

 

$

0

 

$

4,602

 

$

4,602

 

$

0

 

9.                 SALES

 

$

0

 

$

140

 

$

140

 

$

0

 

10.          EXCISE

 

$

0

 

$

0

 

$

0

 

$

0

 

11.          UNEMPLOYMENT

 

$

0

 

$

9,557

 

$

9,557

 

$

0

 

12.          REAL PROPERTY

 

$

0

 

$

0

 

$

0

 

$

0

 

13.          PERSONAL PROPERTY

 

$

0

 

$

0

 

$

0

 

$

0

 

14.          OTHER (ATTACH LIST)

 

$

0

 

$

0

 

$

0

 

$

0

 

15.          TOTAL STATE  & LOCAL

 

$

0

 

$

14,299

 

$

14,299

 

$

0

 

16.          TOTAL TAXES

 

$

0

 

$

1,465,521

 

$

1,465,521

 

$

0

 

 


 

Monthly Operating Report

ACCRUAL BASIS-5

 

CASE NAME:  ADPT DFW Holdings LLC, et al.

 

CASE NUMBER: 17-31432 (jointly administered)

 

 

MONTH: June 2017

BANK RECONCILIATIONS - Attached Schedule

 

 

 

No.

 

Account Owner

 

Bank 

 

Account Type

 

Last 4 Digits of Bank
Account

 

General Ledger
Account Number

 

Balance Per Bank
Statement

 

Add: Total Deposits
Not Credited

 

Subtract:
Outstanding Checks

 

Other Reconciling
Items

 

Month End Balance
Per Books

 

Number of Last
Check Written

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

17-31451 - First Texas Hospital Cy-Fair LLC

 

Bank of America Merrill Lynch

 

Government Deposit Account

 

0602

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

2

 

17-31451 - First Texas Hospital Cy-Fair LLC

 

Bank of America Merrill Lynch

 

Non-Government Deposit Account

 

0615

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

3

 

17-31451 - First Texas Hospital Cy-Fair LLC

 

Bank of America Merrill Lynch

 

Operating Account

 

0592

 

10460

 

37,849

 

—

 

—

 

(7,732

)

30,117

 

n/a

 

4

 

17-31451 - First Texas Hospital Cy-Fair LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

0663

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

5

 

17-31451 - First Texas Hospital Cy-Fair LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

0676

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

6

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

6440

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

7

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7882

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

8

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

4043

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

9

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3757

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

10

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9898

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

11

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7074

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

12

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7087

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

13

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7113

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

14

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7126

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

15

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7139

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

16

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7155

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

17

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7184

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

18

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7197

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

19

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3744

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

20

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3656

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

21

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3387

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

22

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

8453

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

23

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

8466

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

24

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

2135

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

25

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9581

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

26

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9594

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

27

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5452

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

28

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5183

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

29

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5497

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

30

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5507

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

31

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

6849

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

32

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

8387

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

33

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

0385

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

34

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3463

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

35

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3489

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

36

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5470

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

37

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

6437

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

38

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

4030

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

39

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

6122

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

40

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

6968

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

41

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

6971

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

42

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

7168

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

43

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3728

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

44

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9022

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

45

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

2151

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

46

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9604

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

47

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5170

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

48

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5510

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

49

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

0398

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

50

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

3476

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

51

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5829

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

52

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

2427

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

53

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

0692

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

54

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

0702

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

55

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

5832

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

56

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9620

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

57

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Facility Sub Account

 

9633

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

58

 

17-31478 - National Medical Professionals of Arizona LLC

 

Bank of America Merrill Lynch

 

Government Deposit Account

 

7384

 

10360

 

403

 

—

 

—

 

—

 

403

 

n/a

 

59

 

17-31478 - National Medical Professionals of Arizona LLC

 

Bank of America Merrill Lynch

 

Non-Government Deposit Account

 

7397

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

60

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Concentration Account

 

8001

 

10220

 

15,459,150

 

—

 

—

 

159,167

 

15,618,317

 

n/a

 

61

 

17-31443 - ECC Management, LLC

 

Bank of America Merrill Lynch

 

Checking Disbursement Account

 

0174

 

10210

 

1,048,096

 

—

 

(3,705,419

)

—

 

(2,657,323

)

73592

 

62

 

17-31443 - ECC Management, LLC

 

Bank of America Merrill Lynch

 

Disbursement Account - Utility Escrow

 

2984

 

n/a

 

729,419

 

—

 

—

 

—

 

729,419

 

n/a

 

63

 

17-31443 - ECC Management, LLC

 

Bank of America Merrill Lynch

 

Disbursement Account - Prof Fees Escro

 

6029

 

6029

 

3,318,153

 

—

 

—

 

—

 

3,318,153

 

n/a

 

63

 

17-31447 - FCER Management, LLC

 

Bank of America Merrill Lynch

 

Exception Item Disbursement Account

 

7964

 

10240

 

473,233

 

—

 

—

 

—

 

473,233

 

1042

 

64

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

ACH Disbursement Account

 

6981

 

n/a

 

—

 

—

 

—

 

—

 

—

 

n/a

 

65

 

17-31436 - First Choice ER, LLC

 

Bank of America Merrill Lynch

 

Employee Funded FSA/HSA Account

 

9143

 

10250

 

86,075

 

—

 

—

 

—

 

86,075

 

2360

 

66

 

Currency on Hand

 

N/A

 

Currency on Hand

 

n/a

 

n/a

 

26,982

 

—

 

—

 

—

 

26,982

 

n/a

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

21,179,359

 

—

 

(3,705,419

)

151,434

 

17,625,375

 

 

 

 


 

Monthly Operating Report

ACCRUAL BASIS-6

 

CASE  NAME: ADPT DFW Holdings LLC, et al.

 

CASE  NUMBER: 17-31432 (jointly administered)

 

MONTH: June 2017

 

PAYMENTS  TO  INSIDERS  AND  PROFESSIONALS

 

INSIDERS

 

 

 

 

 

 

 

 

 

 

TYPE OF

 

AMOUNT

 

TOTAL PAID

 

NAME

 

PAYMENT

 

PAID

 

TO DATE

 

1. Multiple

 

Salary

 

$

576,003

 

$

1,184,577

 

2. Multiple

 

Expense Reimbursement

 

23,899

 

95,638

 

3.

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

6.         TOTAL PAYMENTS TO INSIDERS

 

$

599,902

 

$

1,280,215

 

 

PROFESSIONALS

 

 

 

DATE OF COURT

 

 

 

 

 

 

 

TOTAL

 

 

 

ORDER AUTHORIZING

 

AMOUNT

 

AMOUNT

 

TOTAL PAID

 

INCURRED

 

NAME

 

PAYMENT

 

APPROVED

 

PAID

 

TO DATE

 

& UNPAID

 

1. Houlihan Lokey

 

Docket 293 Dated June 6th, 2017 (Final Order Authorizing Use Of Cash Collateral)

 

As Invoiced

 

101,827

 

307,667

 

$

0

 

2. Epiq

 

Docket 293 Dated June 6th, 2017 (Final Order Authorizing Use Of Cash Collateral)

 

As Invoiced

 

175,320

 

175,320

 

$

0

 

3.

 

 

 

 

 

 

 

 

 

 

 

4.

 

 

 

 

 

 

 

 

 

 

 

5.

 

 

 

 

 

 

 

 

 

 

 

6.         TOTAL PAYMENTS TO PROFESSIONALS

 

 

 

$

277,147

 

$

482,987

 

$

0

 

 

POSTPETITION  STATUS  OF  SECURED  NOTES,  LEASES  PAYABLE  AND  ADEQUATE PROTECTION  PAYMENTS

 

The Debtors have paid an aggregate of $2,760,000 in rental obligations (equipment, land, buildings, etc.) in accordance with the terms of certain leases for June 2017.

 


 

Monthly Operating Report

ACCRUAL BASIS-7

 

CASE NAME: ADPT DFW Holdings LLC, et al.

 

CASE NUMBER: 17-31432 (jointly administered)

 

MONTH: June 2017

 

QUESTIONNAIRE

 

 

 

YES

 

NO

1.                   HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?

 

 

 

X

2.                   HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?

 

 

 

X

3.                   ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES, OR LOANS) DUE FROM RELATED PARTIES?

 

X

 

 

4.                   HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?

 

X

 

 

5.                   HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?

 

X

 

 

6.                   ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?

 

 

 

X

7.                   ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?

 

 

 

X

8.                   ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?

 

 

 

X

9.                   ARE ANY OTHER POSTPETITION TAXES PAST DUE?

 

 

 

X

10.            ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?

 

 

 

X

11.            HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?

 

 

 

X

12.            ARE ANY WAGE PAYMENTS PAST DUE?

 

 

 

X

 

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS “YES,” PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

 

3.         The Debtors have receivables on account of intercompany transfers and transfer to Non-Debtor JV entities that have been made in the ordinary course of business.

 

4.         Payments have been made by Debtors in accordance with the critical vendor order(s).

 

5.         The Court approved the DIP financing. See Docket #293.

 

INSURANCE

 

 

 

YES

 

NO

1.                   ARE WORKER’S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?

 

X

 

 

2.                   ARE ALL PREMIUM PAYMENTS PAID CURRENT?

 

X

 

 

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.

 

Refer to Insurance Order Docket #13

 

INSTALLMENT PAYMENTS

 

TYPE OF
POLICY

 

CARRIER

 

PERIOD COVERED

 

PAYMENT AMOUNT
& FREQUENCY

Refer to Insurance Order Docket # 13