EX-99.6 8 consapr.txt CONSOLIDATED RESULTS FOR APRIL General DataComm Industries, Inc. Consolidated Balance Sheet APRIL 30, 2002 Unaudited (1) In thousands April 30, 2002 -------------------- ASSETS: Current Assets: Cash and cash equivalents $2,576 Accounts receivable 3,075 Receivable from sale of divisions Due from sale of divisions 0 Notes receivable 800 Inventories 5,539 Deferred income taxes 307 Other current assets 974 Net assets of discontinued operations 871 -------------------- 14,142 Property, plant and equipment, net 863 Land and buildings held for sale 9,935 Capitalized software development costs, net 0 Other assets 0 Net assets of discontinued operations 508 -------------------- Total Assets $25,448 ==================== LIABILITIES AND STOCKHOLDERS' EQUITY: Current liabilities: Revolving credit loan $99 Notes payable 30,783 Mortgages payable on buildings held for sale 9,114 Accounts payable, trade 21,556 Accrued payroll and payroll-related costs 3,039 Deferred income 0 Accrued expenses and other current liab. 17,177 -------------------- 81,768 7 3/4% Convertible debentures 3,000 Other long-term debt 0 Deferred income taxes 448 Other liabilities 911 -------------------- Total Liabilities 86,127 Redeemable 5% Preferred Stock 3,043 Stockholders' equity: Preferred stock 788 Common stock 3,328 Paid-in-capital 191,313 Accumulated deficit (257,712) Foreign currency translation adjustment 0 Less: Treasury stock (1,439) -------------------- (63,722) -------------------- Total Liabilities and Stockholders' Equity $25,448 ==================== --------------------- (1) Subject to change after a detailed review of recorded liabilities and the impact of the three division sales and the Chapter 11 bankruptcy filing on such recorded liabilities as of September 30, 2001, and on audit adjustments. General DataComm Industries, Inc. Statement Of Operations One Fiscal Month Ended April 30, 2002 Unaudited (1) ($ in 000's) Sales $2,295 Cost of sales 1,260 ------ Gross Margin 1,035 Operating Expenses: Selling, general and administrative 892 Research and product development 312 ------ 1,204 ------ Operating income (loss) (169) Other Income/(Expense): Interest expense, net (481) Gain (loss) on sale of divisions - Other, net 12 ------ (469) Income(loss) from continuing operations, before income taxes (638) Income tax provision 13 ------ Net income(loss) from continuing operations (651) Discontinued Operations: Income (loss) from discontinued operations, net of income taxes - Gain on sale of discontinued operations, net of income taxes - ------ Net income (loss) ($651) ====== __________________ (1) Subject to change after a detailed review of recorded liabilities and the impact of the three division sales and the Chapter 11 bankruptcy filing on such recorded liabilities as of September 30, 2001, and on audit adjustments. General DataComm Industries, Inc. Consolidated Statement Of Cash Flows One Month Ended April 30, 2002 Unaudited (1) Increase (Decrease) in Cash In thousands and Cash Equivalents ------------------------------------------------------------------- Cash flows from operating activities: Net loss ($651) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 97 Changes in: Accounts receivable (210) Inventories 373 Accounts payable and accrued expenses 271 Other net current assets 165 Other net long-term assets (105) -------------------------------------------------------------------- Net cash provided by operating activities (60) -------------------------------------------------------------------- Cash flows from investing activities: Acquisition of property, plant and equipment, net 0 -------------------------------------------------------------------- Net cash used in investing activities 0 -------------------------------------------------------------------- Cash flows from financing activities: Revolver borrowings (repayments), net 21 Proceeds from notes and mortgages 410 Principal payments on notes and mortgages (284) Proceeds from issuing common stock 0 Payment of preferred stock dividends 0 ------------------------------------------------------------------- Net cash provided by financing activities 147 ------------------------------------------------------------------- Net increase in cash and cash equivalents 87 Cash and cash equivalents at beginning of period 2,489 ------------------------------------------------------------------- Cash and cash equivalents at end of period $2,576 =================================================================== (1) Subject to change after a detailed review of recorded liabilities and the impact of the three division sales and the Chapter 11 bankruptcy filing on such recorded liabilities as of September 30, 2001, and on audit adjustments.