<PAGE> 1
EXHIBIT 99.1
Exhibit-2
OFFICE OF THE U.S. TRUSTEE - REGION 3
MONTHLY REPORTING REQUIREMENTS
All Chapter 11 debtors must serve the U.S. Trustee with the documents and
reports identified below no later than the 15th of the month following the end
of the month covered by the report.
Debtor Name: Edison Brothers Stores, Inc. et al.
Case Number: 99-529 (MFW) through 99-536 (MFW)
For the month of June 2000 (Fiscal Month Ending July 5, 2000)
--------------------------------------
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Document Previously Explanation
Required Documents Attached Submitted Attached
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. Income Statement. ( X ) ( ) ( )
2. Balance Sheet. ( X ) ( ) ( )
3. Statement of Cash Receipts ( X ) ( ) ( X )
and Disbursements.
4. Statement of Aged Receivables. ( ) ( ) ( X )
5. Statement of Aged Payables. ( X ) ( ) ( X )
6. Statement of Operations, Taxes, ( ) ( ) ( X )
Insurance and Personnel.
7. Tax Receipts. ( ) ( ) ( X )
8. Other documents/reports as ( X ) ( ) ( )
required by the U.S. Trustee:
Summary of Cash Disbursements by Category
---------------------------------------------
Taxes Payable Rollfoward
---------------------------------------------
</TABLE>
The undersigned individual certifies under penalty of perjury (28 U.S.C. Section
1746) that to the best of the individual's knowledge, the documents appended are
true and correct.
By: /s/ Alan M. Jacobs Dated: August 15 , 2000
----------------------------- ------------------------
Alan M. Jacobs
Chapter 11 Trustee
----------------------------------------
Title of Debtor Representative
<PAGE> 2
EDISON BROTHERS STORES, INC., et al.
CASE NO. 99-529 (MFW) THROUGH 99-536 (MFW)
EXPLANATION TO MONTHLY OPERATING REPORT
The Debtors and the United States Trustee have agreed to the
following modifications to the Debtors' Monthly Operating Report:
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS:
The Debtor utilizes numerous bank accounts for its store deposits and uses a
centralized cash management account for the majority of its disbursements. To
provide the detail of each of these accounts and all of the disbursements would
cause an undue burden on the Debtor and generate a voluminous amount of paper to
be distributed on a monthly basis. In lieu of submitting the Statement of Cash
Receipts and Disbursements, the Debtor is submitting a rollforward of its major
bank accounts that would include the amounts received through all of its bank
accounts. In lieu of providing the detail of all disbursements for a month, the
Debtor is submitting a Summary of Cash Disbursements by Category.
STATEMENT OF AGED RECEIVABLES
This Statement will not be submitted, as the Debtor does not generate a
significant amount of receivables through its operations. The Debtor's sales
occur primarily through cash and credit card transactions and as such this
statement is not applicable to its business and would not provide relevant
information to the users of the Monthly Report.
STATEMENT OF AGED PAYABLES
This statement requires the Debtor to provide detail on all accounts payable
over 30 days past due. This requirement would cause an undue burden on the
Debtor. The Debtor is unable to generate a detailed report for items only over
30 days past due and to generate a report for all of its accounts payable would
result in a voluminous amount of paper to be generated and distributed on a
monthly basis. In lieu of providing this level of detail for this Statement, the
Debtor is submitting a summary of its monthly accounts payable aging.
STATEMENT OF OPERATIONS, TAXES, INSURANCE AND PERSONNEL AND STATEMENT OF TAX
RECEIPTS
These two reporting requirements are combined into a rollforward of tax
accounts.
OTHER
The Debtor maintains its books and records on a fiscal month basis and is
reporting on that basis rather than on a calendar month basis.
Through the Debtor's ordinary course of business, it prepares its financial
reporting on a consolidated basis which includes debtor and non-debtor
affiliates. As the Debtor's case is being jointly administered with its
subsidiaries (as identified below), it is filing one consolidated Monthly Report
for the jointly administered cases:
Edison Brothers Apparel Stores, Inc. (Case No. 99-530 (MFW))
Edison Paymaster, Inc. (Case No. 99-531 (MFW))
Edbro Missouri Realty Co. Inc. (Case No. 99-532 (MFW))
Page 1 of 2
<PAGE> 3
EDISON BROTHERS STORES, INC., et al.
CASE NO. 99-529 (MFW) THROUGH 99-536 (MFW)
EXPLANATION TO MONTHLY OPERATING REPORT
Edison Indiana LLC (Case No. 99-533 MFW))
Edison Puerto Rico Stores, Inc. (Case No. 99-534 MFW))
Tofac of Puerto Rico, Inc. (Case No. 99-535 MFW))
Edison Brothers Stores International (Case No. 99-536 (MFW))
Page 2 of 2
<PAGE> 4
EDISON BROTHERS STORES, INC.
DEBTOR-IN-POSSESSION
CONDENSED CONSOLIDATED BALANCE SHEETS - Unaudited
(Dollars in millions)
<TABLE>
<CAPTION>
ASSETS July 05, 2000 January 29, 2000
---------------------------------------------------------------- ------------------- -------------------
<S> <C> <C>
CURRENT ASSETS
Cash and cash equivalents $ 42.1 $ 44.7
Other current assets 0.1 3.5
------------------- -------------------
----------------------------------------------------------------
TOTAL CURRENT ASSETS 42.2 48.2
Assets Held for Sale 7.0 9.8
Prepaid Pension Expense 16.7 16.8
Other Assets 0.5 0.2
---------------------------------------------------------------- ------------------- -------------------
TOTAL ASSETS $ 66.4 $ 75.0
================================================================ =================== ===================
LIABILITIES AND COMMON STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 0.1 $ 2.2
Payroll and vacations 1.2 1.3
Other taxes 0.6 0.6
Other current liabilities 7.1 8.9
---------------------------------------------------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 9.0 13.0
Liabilities Subject to Compromise 159.6 161.2
Postretirement and Other Employee Benefits 13.1 37.3
Other Liabilities 0.4 0.5
COMMON STOCKHOLDERS' EQUITY
Common stock 0.1 0.1
Capital in excess of par value 130.5 130.5
Common stock warrants 7.0 7.0
Accumulated deficit (251.7) (273.0)
Foreign currency translation adjustment (1.6) (1.6)
---------------------------------------------------------------- ------------------- -------------------
TOTAL COMMON STOCKHOLDERS' EQUITY (115.7) (137.0)
---------------------------------------------------------------- ------------------- -------------------
TOTAL LIABILITIES AND EQUITY $ 66.4 $ 75.0
================================================================ =================== ===================
</TABLE>
THESE STATEMENTS REFLECT BOTH DEBTOR AND NON-DEBTOR ENTITIES. INCLUSION OF THE
NON-DEBTOR ENTITIES DOES NOT MATERIALLY AFFECT THESE FINANCIAL STATEMENTS.
<PAGE> 5
EDISON BROTHERS STORES, INC.
DEBTOR-IN-POSSESSION
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - UNAUDITED
(Dollars in millions)
<TABLE>
<CAPTION>
5.1 Weeks Ended 22.1 Weeks Ended
July 5, 2000 July 5, 2000
------------------------------------------------------------ -------------------- --------------------
NET SALES $ - $ -
------------------------------------------------------------ -------------------- --------------------
<S> <C> <C>
Occupancy expenses 0.1 0.3
Administrative expenses 0.2 2.6
Interest income, net of expense (0.2) (1.0)
Post employment settlement gain - (22.1)
Gain on disposition of assets (0.4)
Other (0.0) (0.7)
------------------------------------------------------------ -------------------- --------------------
TOTAL EXPENSES 0.1 (21.3)
------------------------------------------------------------ -------------------- --------------------
INCOME (LOSS) BEFORE INCOME TAXES (0.1) 21.3
Income tax provision - -
------------------------------------------------------------ -------------------- --------------------
NET INCOME $ (0.1) $ 21.3
------------------------------------------------------------ -------------------- --------------------
</TABLE>
THESE STATEMENTS REFLECT BOTH DEBTOR AND NON-DEBTOR ENTITIES. INCLUSION OF
THE NON-DEBTOR ENTITIES DOES NOT MATERIALLY AFFECT THESE FINANCIAL
STATEMENTS.
<PAGE> 6
EDISON BROTHERS STORES, INC.
DEBTOR-IN-POSSESSION
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - UNAUDITED
(Dollars in millions)
<TABLE>
<CAPTION>
5.1 Weeks Ended 22.1 Weeks Ended
July 05, 2000 July 05, 2000
--------------------------------------------------------------------------- ---------------- -----------------
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ (0.1) $ 21.3
Adjustments to reconcile net loss to net cash
provided by (used in) operating activities:
Gain on disposal of property and equipment 0.0 0.8
Post employment settlement gain 0.0 (22.1)
Working capital changes, net of effects
noncash portion (0.6) (0.5)
Decrease in Liabilities Subject to Compromise 0.0 (1.6)
Other (0.7) (3.3)
Activity in connection with the Chapter 11 proceedings,
noncash portion 0.0 0.0
-------------------------------------------------------------------------- ---------------- ----------------
Total Operating Activities (1.4) (5.4)
-------------------------------------------------------------------------- ---------------- ----------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposal of asset held for sale 0.0 2.8
-------------------------------------------------------------------------- ---------------- ----------------
Total Investing Activities 0.0 2.8
-------------------------------------------------------------------------- ---------------- ----------------
CASH PROVIDED (USED) (1.4) (2.6)
Beginning cash and cash equivalents 43.5 44.7
-------------------------------------------------------------------------- ---------------- ----------------
ENDING CASH AND CASH EQUIVALENTS $ 42.1 $ 42.1
-------------------------------------------------------------------------- ---------------- ----------------
</TABLE>
THESE STATEMENTS REFLECT BOTH DEBTOR AND NON-DEBTOR ENTITIES. INCLUSION OF
THE NON-DEBTOR ENTITIES DOES NOT MATERIALLY AFFECT THESE FINANCIAL
STATEMENTS.
<PAGE> 7
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
CASE # 99-529(MFW)
CASH ACTIVITY ANALYSIS (CASH BASIS ONLY)
STATEMENT FOR THE PERIOD:
FROM: 05/29/00
THROUGH: 07/05/00
<TABLE>
<CAPTION>
BANK TRANSACTIONS...
---------------------------------------------------------------------------------------------------------------------------------
FIRST UNION MERCANTILE FEDERATED BANK OF
NATIONAL BANK NATIONAL BANK MERRILL LYNCH INVESTORS NOVA SCOTIA TOTAL
OF ST.LOUIS
(a) (b) (c) (d) (e)
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Beginning bank ledger balance $478.52 $2,894.10 $0.00 $31,894,530.11 $0.00 $31,897,902.73
---------------------------------------------------------------------------------------------------------------------------------
Receipts for period (1) 1,744,347.91 9,452.56 0.00 (1,171,634.07) 0.00 $582,166.40
---------------------------------------------------------------------------------------------------------------------------------
Cash Clearings for period (1,730,558.94) (262.65) 0.00 0.00 0.00 ($1,730,821.59)
---------------------------------------------------------------------------------------------------------------------------------
Ending bank ledger balance $14,267.49 $12,084.01 $0.00 $30,722,896.04 $0.00 $30,749,247.54
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------------------------------
CONGRESS
FINANCIAL NET POSITION
REVOLVING CREDIT
LINE (f)
------------------------------------------------------------------------
<S> <C> <C>
Beginning bank ledger balance $10,629,598.19 $42,527,500.92
------------------------------------------------------------------------
Receipts for period (1) 92,665.33 $674,831.73
------------------------------------------------------------------------
Cash Clearings for period (24,390.02) ($1,755,211.61)
------------------------------------------------------------------------
Ending bank ledger balance $10,697,873.50 $41,447,121.04
-------------------------------------------------------------------------
</TABLE>
(1) Includes transfers between accounts which net to zero.
<TABLE>
<S> <C>
BALANCES PER GENERAL LEDGER...
----------------------------------------------------------------------------------------------------------
Non-store depository accounts $ 42,149,020.96
----------------------------------------------------------------------------------------------------------
Store depository accounts, cash in transit, and petty cash in stores 0.00
----------------------------------------------------------------------------------------------------------
Credit card receivables (13,284.93)
----------------------------------------------------------------------------------------------------------
Total $ 42,135,736.03
----------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C>
--------------------------------------------------------
--------------------------------------------------------- (d) Prime Value Obligations Fund #853
(a) 201 South College Street, Charlotte, NC 28288 PO Box 8602, Boston, MA 02266-8602
Account Number 2014201943442 Account Numbers 4486001, 4500673, and 4375733
--------------------------------------------------------- -----------------------------------------------------
--------------------------------------------------------- -----------------------------------------------------
(b) 8th and Locust Street, St. Louis, MO 63166 (e) 44 King Street West, Toronto, Ontario M5H 1H1
Account Number 1001014677 Account Number 80002 2237-19
--------------------------------------------------------- -----------------------------------------------------
--------------------------------------------------------- -----------------------------------------------------
(c) 800 Market Street, 24th Floor, St. Louis, MO 63166 (f) 1133 Avenue of the Americas, New York, NY 10036
Account Number 70M-07J96 Loan Numbers 4639, 4659, 4661 and 4683
--------------------------------------------------------- -----------------------------------------------------
</TABLE>
<PAGE> 8
EDISON BROTHERS STORES, INC. et al.
CASE NO. 99-529 THROUGH 99-536
SUMMARY OF CASH DISBURSMENTS
FOR THE MONTH ENDING JULY 5, 2000
<TABLE>
<CAPTION>
<<<<<<<<<<<<<<<<<<<<<<<< First Union >>>>>>>>>>>>>>>>>>>>>>>>>>>
<S> <C> <C> <C> <C> <C>
Accounts Payable Payments via:
------------------------------ Payroll tax All Other Wires Disbursements
Checks ACHs Wires and ACH Payments From Mercantile
------ ------ ------ ------------------ ----------------
Rent 32,433.47
Freight 274.82
Merchandise
Utilities & Services 30,549.77
Bankurptcy Related (13.00)
Payroll 64,183.87
Payroll Taxes 35,301.84
General Taxes 60,160.00
Customs Brokers
Other 511,431.64 704,407.77 262.65
Total Disbursments 634,836.70 99,485.71 0.00 704,407.77 262.65
Reconciliation back to
Statement of Cash
Receipts & Disbursments:
Delete Total from above (634,836.70)
Add back in Payroll Clearings 0.00
Add back all other check clearing 926,665.46
Total Disbursments 926,665.46 99,485.71 0.00 704,407.77 262.65
Total First Union = 1,730,558.94
Total Disbursments Per
Summary 1,730,558.94 262.65
Difference 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Nova Scotia Congress Total
----------- -------- -----
<S> <C> <C> <C>
Rent 32,433.47
Freight 274.82
Merchandise 0.00
Utilities & Services 30,549.77
Bankurptcy Related (13.00)
Payroll 64,183.87
Payroll Taxes 35,301.84
General Taxes 60,160.00
Customs Brokers 0.00
Other 24,390.02 1,240,492.08
Total Disbursments 0.00 24,390.02 1,463,382.85
Reconciliation back to
Statement of Cash
Receipts & Disbursments:
Delete Total from above (634,836.70)
Add back in Payroll Clearings 0.00
Add back all other check clearing 926,665.46
Total Disbursments 0.00 24,390.02 1,755,211.61
Total Disbursments Per 0.00 24,390.02 1,755,211.61
Summary
Difference 0.00 0.00 0.00
</TABLE>
<PAGE> 9
Exhibit-7
OFFICE OF THE U.S. TRUSTEE - REGION 3
STATEMENT OF AGED PAYABLES
For the Month Ending: July 5, 2000
-----------------------
<TABLE>
<CAPTION>
DEBTOR NAME: Edison Brothers Stores, Inc. et al.
CASE NUMBER: 99-529 (MFW) through 99-536 (MFW)
------------------------------------------------------------------------------------------------------------------------------------
ACCOUNT TOTAL CURRENT PAST DUE PAST DUE PAST DUE
NAME DESCRIPTION DUE (0-30 DAYS) (31-60) (61-90) (91 & OVER)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A/P Domestic Merchandise Mdse. Inventory $ - $ -
A/P Foreign Merchandise Mdse. Inventory - -
A/P Expense Misc Expenses 0.4 0.4
TOTALS $ 0.4 0.4 - - -
</TABLE>
Note: Please include only post-petition debts and explain why accounts over
30 days past due have not been paid.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
ACCOUNTS PAYABLE RECONCILIATION:
<S> <C>
1. Opening Balance (total from prior report) $ -
------------
2. New Accounts this Month 0.4
------------
3. Balance (add lines 1 and 2) 0.4
------------
4. Amount Collected on Prior Accounts -
------------
5. Closing Balance (subtract line 4 from line 3) $ 0.4
------------
</TABLE>
<PAGE> 10
Date: 08/07/00
Debtor Name: Edison Brothers Stores, Inc.
Case No.: 99-073 (MFW)
<TABLE>
<CAPTION>
====================================================================================================================================
5/27/00 7/5/00
Ending Accrued/ Payments/ Ending
Balance Withheld Deposits Balance
=====================================================================================================
<S> <C> <C> <C> <C>
PAYROLL TAXES WITHHELD:
Federal/FICA (129,719) 29,854 29,854 (129,719)
State 205 4,518 4,496 227
Local/Occup W/H 2,112 1,428 952 2,588
UNEMPLOYMENT TAX:
Federal 392 392
State 28 28
SDI 0 0
SALES & LOCAL USE TAXES: * 590,929 590,929
PROPERTY TAXES: 0 0
REAL ESTATE TAXES: ** 0 0
</TABLE>
* Includes pre-petition amounts. Pursuant to bankruptcy court order dated
March 9, 1999, the Debtor has been authorized to remit these amounts.
**Corporate properties only.
