Document R231EXob7q02owb5oYGrZyoDk

PLAINTIFF'S EXHIBIT TPI-477 TYLER PIPE INDUSTRIES, INC. C UN SOL 10A TING bALANCE SHEET DECEMBER 25, 1982 CONSOL I DATED EL IHI NATIONS CAST ___ IRON DWV UTILITIES PLASTICS CURRENT ASSETS CASH 60663 60663 ACCOUNTS RECEIVABLE, NET~ ~16787839 10905447 4304022 1578370 inventories . _ ____________ . ------------------- --- ---- -------------------- ___ __ ______ _ _ FINISHED GOODS CAST IRON PLASTIC TOTAL FIMSHEO GOODS RAW MATERIALS LESS LIFO RESERVE TOTAL INVENTORIES 30496316 2085397 325dl713 2941552 - 14788776 20734489 19684629 19664629 236L413 -10142451 11923591 10811687 10811687 -4349655 6462032 2085397 2085397 560139 -296670 2348860 PREPAID EXPENSES 292050 267265 24613 172 TOTAL CURRENT ASSETS 37875041 23156966 10790667 3927406 INVESTMENT IN SUBSIDIARIES CAPITAL STOCK ADVANCES receivable BRANCH OFFICE LUNG TERM DEBENTURES TOTAL INVESTMENT IN SUBS INTANGIBLES OTHER 0 0 0 33287352 582735 -38428983 -100000 -14968675 -52934923 IBI IA) (8) IA) -532735 6794653 100000 14938675 21300593 33 287352 31204897 31204897 429433 429433 PROPERTY, PLANT EQUIPMENT LAND PRODUCING PROPERTIES oUILOING C LEASEHOLD IMPROVE. MACHINERY EQUIPMENT TRANSPORTATION EQUIPMENT CONSTRUCTION IN PROGRESS ALLOCATED PROP, PLANT EQUIP TOTAL PROP, PLANT t EQUIP ALLOWANCE FOR DEPRECIATION ALLOWANCE FOR DEPLETION NET PROP, PLANT EQUIP TOTAL ASSETS 857505 126625 12272844 59577405 12958721 3118563 88911663 -57292117 -10140 31609406 102771799 -52934923 857505 126625 11808538 45928501 12958721 3118563 -10000000 64798503 -47478172 -10140 17310191 95055102 290570 7452791 10000000 17743361 -5861322 11882039 53877603 173686 6196113 6369799 -3952623 2417176 6/74017 (A) ELIMINATION OF intercompany RECEIVABLES PAYABLES IB) EL 1MI NAT 1 ON UF INVESTMENT IN SUBSIDIARIES OONJIDENTIAL TYLER PIPE INDUSTRIES! INC. CONSOLIDATING bALANCE SHEET DECEMBER 25, 1982 CONSOLIDATED ELIMI NATIONS CURRENT LIABILITIES TRADE ACCOUNTS PAYABLE ACCRUED LIABILITIES INCJ~!E TAXES PAYABLE 7486312 6181667 60886 TOTAL CURRENT LIABILITIES 13728865 CAST IRON DWV UTILITIES 6783364 6137675 60886 12931925 44489 29020 0 73509 PLASTICS 658459 14972 0 6 7343-1 INTERCOMPANY ACCOUNTS PAYABLE ' AOVANCES PAYABLE LONG TERM DEBENTURES TOTAL INTERCOMPANY PAYABLE "4399 75 " 0 2257058 -38428933 (A) -14988675 (A) 2697033 -53417658 439975 ' 31634330 2257058 14988675 34331363 14988675 6794653 6794653 LONG TERM DEBT 2400000 2400000 DEFERRED FEOERAL INCOME TAX 2922160 2305365 357848 258947 SHAREHOLDERS EQUITY HOME OFFICE COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED EARNINGS 12-26-81 NET INCUME -LOSS 52 REEKS 1000 99000 71149451 9774290 -100000 (8) -1000 (8) 583735 (8) TOTAL SHAREHOLDERS EQUITY 81023741 482735 TUTAL LIAB. t S/E _____________ 102771799 .. -52934923 -- 1000 99000 37393675 5542774 100000 34119335 4238236 43036449 38457571 95055102 ___ 53877603 _ 1000 -947294 -6720 -953014 6774017. (A) ELIMINATION OF INTERCOMPANY RECEIVABLES C PAYABLES_ IB) ELIMINATION OF INVESTMENT I N SUBSIDIARIES - ----- - - - - ------ ---------- -- CONFIDENTIAL T-64737 TYLER PIPE INDUSTRIES, INC. CONSOLIDATING INCOME STATEMENT FOR THE 52 REEKS iENDED OECEMriER 25, 1982 CONSOLIDATED ELIMI NATIONS CAST IRON UWV NET SALES CUSTOMER INTERCOMPANY l79878294 -30859267 (C) 118781192 30724320 TUTAL NET SALES 179376294 -30859267 149505512 OTHER INCOME -EXPENSE TOTAL INCOME 88359 179967153 -30859267 87854 149593366 UTILITIES 46652978 8 5443 46738421 1621 46740042 PLASTICS 14444124 49504 14493628 -616 14493012 COSTS E EXPENSES MANUFACTURING C OPER".~COS TS_ SELLING, GENERAL E AO.M1N EXP . TOTAL COSTS E EXPENSES OPERATING PROFIT INTERCOMPANY INTEREST . PRETAX INCOME PROVISION FOR INCOME TAXES STATE FEDERAL TOTAL 142228766" 13912340 156141106 23826047 6339587 17486460 -3085 9267"Tc) -30359267 185306 7526864 7712170 123 723492 10711756 134435248 15158118 5418806 9739312 185306 4011232 4196538 NET INCOME -LOSS 9774290 5542774 35727483 2499955 38227438 8512604 734543 7778061 3539825 3539825 4238236 13637053 700629 14337687 155325 186238 -30913 -24193 -24193 -6720 (Cl ELIMINATION OF INTERCOMPANY SALES ---------------------------------------------- -------------- - - - -- -------------- - - ---------- -- --- --------------- - - ^ONPXD; V7XU cm o* .-- ^ r** ^ p- p r-. <--s o k O S nk v O -- co ^ it o ^ p p cm cm ^4 ^ p *-* Op' -- p 44 K UinJ LU CM l/> CM rP P O' P cOiOHnnrsj> fs cn so n -4 *-* vp 1 9> 1 O' 1O 1 o av O' CP fp CM CM O ~ Ovo' CM p p r- rp -- in r- *-4 O' o p -- O <-- cm *-"C CM CM Lp O' CM O' CM -* O' O' p O' O' P4. CM CM P CM CM CM is CM TYLER PIPE INDUSTRIES, INC. TONS/UNITS/LBS. COMPARISON WITH LAST YEAR hU CM 's. m cm ON irc>*rrt-.NOi iI tI CM O 01 p CO o 0(MH ^4 *"4 CM n CP o p CM LM CM CM CP O' I I CM CM <P CP CM O' CP t ~ K r*. p Hr 1 I I ^4 (H o O' ^4 CP o* O' p O' CP CP CP CM CP P O' CM P CP r O' CP *4 V CM r-. O' ft r*. P 00 CM P *4 p CM ** o *-4 VO --1 pp CM CM CM CM CM H --* O' r-. o O' r* " r* p r>4 r*. p UJ oce z -- Z I-- O ~ a. <_> t-- z -- lu -- a. -- ao <o a. h- a. a. --t u. -4 <-- eSs X _J <3 ' t- o.-4 U. O- LU ~Q- >t^-- -->- <_KJ-J --1 O <U- I-- H- _ < O-- t-- oas uj * < UJ <>I- zI <wo CL > Cl ^ hO- TYLER PIPE INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET DECEMBER 25, 1982 ASSETS CURRENT ASSETS CASH TRADE ACCOUNTS RECEIVABLE $ 16,871,698 LESS ALLOWANCE FOR DOUBTFUL ACCOUNTS (83,859) INVENTORIES FINISHED GOODS CAST IRON & RELATED PRODUCTS PLASTICS RAW MATERIALS 4 PURCHASED PARTS LESS LIFO RESERVE PREPAID EXPENSES 30,496,316 2,085,397 T2TB'81,713 2,941,552 (14,788,776) TOTAL CURRENT ASSETS INTERCOMPANY: ADVANCES RECEIVABLE - TYLER CORPORATION INTANGIBLES & OTHER ASSETS: SUNDRY RECEIVABLES, DEPOSITS, ETC. PROPERTY, PLANT, & EQUIPMENT: LAND PRODUCING PROPERTIES BUILDING & LEASEHOLD IMPROVEMENTS MACHINERY l EQUIPMENT TRANSPORTATION CONSTRUCTION IN PROGRESS LESS ALLOWANCE FOR DEPRECIATION LESS ALLOWANCE FOR DEPLETION 857,505 126,625 12,272,844 59,577,405 12,958,721 3,118,563 '88,911,663 (57,292,117) (10,140) TOTAL ASSETS $ 60,663 16,787,839 20,734,489 292,050 37,875,041 33,287,352 31,609,406 $ 102,771,799 CONFIDENTIAL T-64740 TYLER PIPE INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET DECEMBER 25, 1982 LIABILITIES & STOCKHOLDERS EQUITY CURRENT LIABILITIES: TRADE ACCOUNTS PAYABLE ACCRUED COMPENSATION, INTEREST, TAXES, ETC. INCOME TAXES PAYABLE TOTAL CURRENT LIABILITIES INTERCOMPANY ACCOUNTS PAYABLE ADVANCES PAYABLE LONG-TERM DEBENTURES $ 439,975 2,257,058 LONG-TERM DEBT NONCURRENT DEFERRED INCOME TAXES STOCKHOLDERS EQUITY: COMMON STOCK CAPITAL SURPLUS RETAINED EARNINGS 1,000 99,000 80,923,741 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 7,486,312 6,181,667 60,886 13,728,865 2,697,033 2,400,000 2,922,160 81,023,741 $ 102,771,799 CONFIDENTIAL T-6474I TYLER PIPE INDUSTRIES, INC. CONSOLIDATED STATEMENT OF INCOME & RETAINED EARNINGS FOR THE 52 WEEKS ENDED DECEMBER 25, 1982 NET SALES: CAST IRON & RELATED PRODUCTS PLASTICS OTHER INCOME $ 165,434,170 14,444,124 COSTS AND EXPENSES: MANUFACTURING & OTHER COSTS SELLING, ADMINISTRATIVE & GENERAL EXPENSE OPERATING PROFIT INTERCOMPANY INTEREST PRETAX INCOME PROVISION FOR INCOME TAXES: STATE FEDERAL 185,306 7,526,864 NET INCOME RETAINED EARNINGS BEGINNING OF PERIOD 12/26/81 BALANCE, RETAINED EARNINGS END OF PERIOD $ 179,878,294 88,859 179,967,153 142,228,766 13,912,340 156', 141,106 23,826,047 6,339,587 17,486,460 7,712,170 9,774,290 71,149,451 $ 80,923,741 CONFIDENTIAL T4M2 TYLER PIPE INDUSTRIES, INC. CONSOLIDATED COMPARATIVE BALANCE SHEET DECEMBER 25, 1982 12/26/81 CURRENT MONTH CHANGE INCREASE (DECREASE) CASH RECEIVABLES INVENTORIES PREPAID EXPENSES $ 625,999 S 60,663 S (565,336) 15,304,595 16,787,839 1,483,244 18,759,679 20,734,489 1,974,810 279,993 292,050 12,057 TOTAL CURRENT ASSETS 34,970,266 37,875,041 2,904,775 CAPITAL STOCK INTERCOMPANY-ADVANCES REC. INTERCOMPANY-ACCOUNTS REC. INTANGIBLES & OTHER ASSETS PROPERTY, PLANT & EQUIPMENT --- 30,716,502 34,137,358 -- 33,287,352 31,609,406 _. 2,570,850 (A) (2,527,952)(B) TOTAL ASSETS TRADE PAYABLE ACCRUALS INCOME TAXES PAYABLE $ 99,824,126 l $ 6,390,926 4,973,964 192,717 $ 102,771,799 $ 2,947,673 $ 7,486,312 $ 1,095,386 6,181,667 1,207,703 60,886 (131,831) TOTAL CURRENT LIABILITIES 11,557,607 13,728,865 2,171,258 INTERCOMPANY-ACCOUNTS PAY. INTERCOMPANY-ADVANCES PAY. LONG-TERM DEBENTURES LONG-TERM DEBT DEFERRED INCOME TAXES STOCKHOLDERS EQUITY 460,458 -- 13,477,140 -- 3,079,470 71,249,451 439,975 -- 2,257,058 2,400,000 2,922,160 81,023,741 (20,483) -- (11,220,082) 2,400,000 (157,310) 9,774,290 (C) TOTAL LIAB. & STKHOLDRS EQUITY $ 99,824,126 $ 102,771,799 $ 2,947,673 A-OTHER $ (2,800) (MOSTLY RECLASSIFICATION OF SUNDRY RECEIVABLES). INDUSTRIAL REVENUE BONDS-PENN DIVISION $ 2,306,321; ROYALTIES $ 267,329 B-CHANGE REPRESENTS DEPRECIATION OF $ 7,528,461 NET ADDITION TO PROPERTY, PLANT AND EQUIPMENT $ 5,000,509 C-CHANGE REPRESENTS NET INCOME, (LOSS) .$ 9,774,290 CONFIDENTIAL T-64743 TYLER PIPE INDUSTRIES, INC. CONSOLIDATED SOURCE AND APPLICATION OF FUNDS STATEMENT FOR THE 52 WEEKS ENDED DECEMBER 25, 1982 SOURCE OF FUNDS 1. NET INCOME 2. DEPRECIATION OF PROPERTY, PLANT, & EQUIPMENT 6. INCREASE IN CURRENT LIABILITIES 7. DEBT ACQUISITION 14. TOTAL SOURCES $ 9,774,290 7,528,461 2,171,258 2,400,000 21,874,009 APPLICATION OF FUNDS 16. CAPITAL EXPENDITURES (NET OF RETIREMENTS) 17. INCREASE IN CURRENT ASSETS 19. INCREASE IN OTHER ASSETS & INTANGIBLES 22. DECREASE IN DEFERRED INCOME TAXES 23. DECREASE IN INTERCOMPANY PAYABLES 27. DECREASE IN LONG-TERM DEBENTURES 28. TOTAL APPLICATIONS 29. CASH CHANGE 30. CASH - BEGINNING OF PERIOD 31. CASH - ENDING OF PERIOD 5,000,509 3,470,111 2,570,850 157,310 20,483 11,220,082 22,439,345 (565,336) 625,999 S ~ 60,663 CONFIDENTIAL 1-64744 TYLER PIPE INDUSTRIES, INC. SUPPLEMENTAL INFORMATION DECEMBER 25, 1982 INTERCOMPANY TRANSACTIONS SALES - (YEAR-TO-DATE) PURCHASES - (YEAR-TO-DATE) PURCHASES - (YEAR-TO-DATE) ADVANCES RECEIVABLE ACCOUNTS PAYABLE ADVANCES PAYABLE COMPANY C&H C&H THURSTON TYLER CORP. TYLER CORP. TYLER CORP. AMOUNT $ 6,659 1,499,099 726 439,975 SCHEDULE OF TRANSPORTATION EQUIPMENT AND EQUIPMENT BORROWING BASE TRANSPORTATION EQUIPMENT AT COST DEPRECIATION OF TRANSPORTATION EQUIPMENT BOOK VALUE OF TRANSPORTATION EQUIPMENT DEBT. SECURED BY LIEN ON TRANSPORTATION EQUIPMENT ITEM 3 LESS ITEM 5 BORROWING BASE (85% OF ITEM 6) $ 5,998,198 3,542,213 2,455,985 2,087,587 2,087,587 CONFIDENTIAL T-64MJ TYLER PIPE INDUSTRIES, INC. INCOME TAXES PAYABLE DECEMBER 25, 1982 MONTH ENDED YEAR-TO-DATE FEDERAL STATE FEDERAL STATE BEGINNING BALANCE $ 523,533 $ 90,218 $ ' $ 192,717 TOTAL PROVISION FOR INCOME TAXES (27,385) (10,137) 7,684,174 185,306 CASH PAYMENTS TO CORPORATE (FIT) (523,533) -- (7,711,559) -- PAYMENTS OF STATE INCOME TAXES -- (19,195) -- (317,137) RECLASSIFICATIONS AND ADJUSTMENTS ---- -- -- DEFERRED PROVISION FOR INCOME TAXES -- -- -- -- RECLASS. OF CAPITAL STOCK TAX TRANSFERRED TO INTER-CO. ADVANCES -- 27,385 ---- 27,385 -- _ . ENDING BALANCE $ $ 60,886 $ $ 60,886 a*a?$8m*