EXHIBIT 99.29
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
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AmeriServe Food Distribution, Inc., et al(1) Case No. 00-0358 (PJW)
Debtors Chapter 11
Jointly Administered
Consolidated Balance Sheet (In Thousands)
28-Oct-00
Case #: 00-0358 (PJW)
Period
Current assets
Cash and cash equivalents $ 49,615
Accounts receivable 181,741
Direct payment receivables 28,092 (a)
Undivided interest in accounts receivable trust -
Allowance for doubtful accounts -71,076
Inventories, net 19,752
Other current assets(2) 27,982
Total current assets 236,106
Property and equipment, net 222,749 (b)
Intangible assets, net 14,843
Intercompany receivable(3) 34,493
Other noncurrent assets 58,854
$ 567,045
Current liabilities
Current portion of capital lease obligations $ 23,895
Accounts payable 16,428
Accrued and other current liabilities 86,379
Debtor-In-Possession financing 87,520
Total current liabilities 214,222
Long-term secured debt and capital lease obligations 476,786
Other noncurrent liabilities 68,574
Liabilities subject to compromise 1,606,821 (c)
Senior redeemable exchangeable preferred stock 295,021
Stockholder's equity (deficit)
Preferred stock 8,422
Common stock 100
Paid in capital -
Accumulated deficit -2,102,901
Total stockholder's equity (deficit) -2,094,379
$ 567,045
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(a) Consists primarily of purchases of beginning inventory, merchandise
purchases since date of bankruptcy, and distribution fee revenues, net
of payments received.
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(b) Includes approximately $51,900 of capitalized software and development
costs related to the JDEdwards system.
(c) Includes trade accounts payable and accrued expenses, as well as all
unsecured notes payable. Amounts included in "Liabilities subject to
compromise" have been preliminarily estimated and/or assumed and are
subject to change.
(1) - The Debtors are the following entities: AmeriServe Food
Distribution, Inc., NEBCO EVANS Holding Company, Holberg Warehouse
Properties, Inc., AmeriServe Transportation, Inc., PSD Transportation
Services, Inc., Chicago Consolidated Corporation, ASNSC, Inc., Delta
Transportation, Ltd., PSC Services of Florida, Inc., Northland
Transportation Services, Inc., ProSource Mexico Holdings, Inc., NAVC
Corp., North American Vantix Corp., and Vantix Logistics, Ltd.
(2) - This line includes certain receivables that may have a different
treatment if the Report were prepared in accordance with GAAP.
(3) - Monthly Operating Report is not prepared in accordance with GAAP.
If the Report were prepared in accordance with GAAP, the treatment of
intercompany receivables may be different.
