Document b5wwLeKEoD0q0mZenbKpZK0k0

TYLER PIPE INDUSTRIES, INC. CONSOLIDATING BALANCE SHEET DECEMBER 26, 1981 CURRENT ASSETS CASH ACCOUNTS RECEIVABLE, NET INVENTORIES FINISHED GOODS CAST IRON PLASTIC TOTAL FINISHED GOODS RAH MATERIALS LESS LIFO RESERVE TOTAL INVENTORIES PREPAID EXPENSES TOTAL CURRFNT ASSETS CONSOLIDATED 625999 15306595 ELIMI NATIONS ----- -------- 27637218 1675532 29112750 3775366 -16128637 _ 18759679 279993 36970266 __ ___ ______ . CAST IRON DWV UTILITIES PLASTICS 625999 10356610 3917133 1132867 18226365 18226365 3681635 -9556662 12151339 257676 23389623 9610853 9610853 -3835615 5575238 17028 9609606 1675532 1675532 293731 -736160 1033103 5289 2171239 INVESTMENT IN SUBSIDIARIES CAPITAL STOCK ADVANCES RECEIVABLE BRANCH OFFICE LONG TERM DEBENTURES TOTAL INVESTMENT IN SUBS INTANGIBLES C OTHER 0 0 0 30716502 582735 IB) -36811902 (A) -100000 IB) -16988675 IA) -69317862 -582735 5975722 l00000 16988675 20681662 30716502 28636160 28636160 200020 200020 PROPERTY, PLANT E EQUIPMENT LANO PRODUCING PROPERTIES RJILDING E LEASEHOLD IMPROVE. "ACHINERY C EQUIPMENT TRANSPORTATION EQUIPMENT CONSTRUCTION IN PROGRESS ALLOCATED PROP, LANT E EQUIP TOTAL PPCP, PLANT E EQUIP ALLOWANCE FOR DEPRECIATION ALLOWANCE FOR DEPLETION NET PROP, PLANT C EQUIP TOTAL ASSETS 858762 12662 5 11879191 56966363 12307162 2367025 86503108 -50361671 -6279 36137358 99826126 -69317862 858762 126625 11616935 66060936 12307162 2367025 -10000000 61135663 -61699007 -62 79 19632157 96019966 290570 6792631 10000000 17083001 -5366293 11716708 69762272 173686 6110978 6286666 -3296171 2988693 5359752 IAI ELIMINATION OF INTERCOMPANY RECEIVABLES E PAYABLES (B) ELIMINATION OF INVESTMENT IN SUBSIDIARIES CONFIDENTIAL T-64602 DECEMBER TVLER PIPE INDUSTRIES, INC. CONSOLIDATING BALANCE SHEET DECEMBER 26, 1981 CONSOLIDATED ELIMlNATIONS CURRENT LIABILITIES TRADE ACCOUNTS PAYABLE ACCRUED LIABILITIES INCOME TAXES PAYABLE 6390926 4973964 192717 TOTAL CURRENT LIABILITIES 11557607 ____ CAST IRON DWV ' ' '' UTILITIES 6243556 4913391 192717 11349664 98011 56024 0 154035 PLASTICS 49359 4549 0 53908 INTERCOMPANY ACCOUNTS PAYABLE ADVANCES PAYABLE LONG TERM DEBENTURES TOTAL INTERCOMPANY PAYABLE DEFERRED FEDERAL INCOME TAX SHAREHOLDERS EQUITY HOME OFFICE COMMON STOCK ADDITIONAL PAID-IN CAPITAL RETAINED EAPNINGS 12-2T-BO NET INCOME -LOSS 52 WEEKS TOTAL SHAREHOLDERS EQUITY TOTAL LIAB. t S/E 460458 0 13477140 13937598 -34811902 (At -14988675 IA) -49800577 460458 28836180 13477140 42773778 14988675 14988675 5975722 5975722 3079470 ----- 2402827 400227 276416 -- ---------------------- ------------------- ... ------------------ - ------------- . . .. 1000 99000 58327537 12821914 71249451 99824126 -100000 181 -1000 (Bl 583735 IB) 482735 -49317842 1000 99000 29184082 8209593 37493675 94019944 100000 28823073 5296262 34219335 49762272 1000 -263353 -683941 -946294 5359752 IA) ELIMINATION OF INTERCOMPANY RECEIVABLES C PAYABLES IB) ELIMINATION OF INVESTMENT IN SUBSIDIARIES CON^OBSTIAt TYLER PIPE INDUSTRIES* INC. CONSOLIDATING INCOME STATEMENT FOR THE 52 WEEKS ENDED DECEMBER 26* 1981 CONSOLIDATED EL I MINATIONS CAST IRON DWV NET SALES CUSTOMER INTERCOMPANY 188304162 -33417777 (Cl 124060003 33262389 TOTAL NET SALES 188304142 -33417777 157322392 OTHER INCOME -EXPENSE 514148 491518 TOTAL INCOME COSTS t EXPENSES 188818290 - -33417777 157813910 ----- ------ - -- MANUFACTURING C OPER. COSTS SELLING* GENERAL C ADMIN EXP. 148428549 13118633 -33417777 1C) 129200558 10269729 TOTAL COSTS EXPENSES 161547182 -33417777 139470287 PROFIT PRETAX/INTERCO INTEREST 27271108 18343623 INTERCOMPANY INTEREST 5658417 4994182 PRETAX INCOME PROVISION FOR INCOME TAXES STATE FEDERAL TOTAL 21612691 ----- - --- 296043 8494734 8790777 - -- ---- ----- 13349441 296043 4843805 5139848 UTILITIES 49465463 87887 49553350 665 49554015 37250012 2174587 39424599 10129416 412847 9716569 4420307 4420307 PLASTICS 14778676 67501 14846177 21965 14868142 15395756 674317 16070073 -1201931 251388 -1453319 -769378 -769378 NET INCOME -LOSS 12821914 8209593 5296262 -683941 (C) ELIMINATION OF INTERCOMPANY SALES C0N^^ TYLER PIPE IN D U STR IE;:, INC. T O N S /U N IT S /L B S . COMPARISON W ITH LAST YEAR u in < U cs * 1-4 --* CmO UIN O' IN JO1'I n rsj -HcnI Hi u z -II Ol 5| ^ tt o co r* vo co)^| mcoo ^^n OckoIvNcnion nIs inicd ['O*'1! --< r-* r-'in[ rg o> rlo>' - <-* c*i!vo| I IN r- m *r oC>D cINo Oun ON4(I hCD OOLOO^O Oi O' eo N1n5* O' ^ an* irn- CD m moID h v f4 a IN --i m t O VO I ^ in O' fN vO T in | m i I fN ^ pn fN r- o pn in on W in 00 < tli a oz Q zizaW :<1 ow, Hw u r^lcu f!S. e's ; CN1 id n oi ^ o O' CNlr-l \ <N I OO'Ol/IfNO'ON OiavHhcDrnn fNwOH^\0 i-H OH P-* 9 r> ^o Oin' vd)I o^h\|l i/i h O' -* fN f* O' CN Ocn' oO <* 0o0 <n a v o r- --i -h HCNON (i>NaOi/f>tlO U in <w< cs u z O! CD ora U)U4 ^ n) 2 fN < Z -H IftjM a: in Uz Kw ejs w| m i ooj DCN ^ OWi` 1^ nfNDli O'0 9'CNO'h I loti fN Z* ^|^| --spl Paco' r*H--** IDi in \riDnn 1ii/n/n1 Hrin* tI a h w om o n 5> ^ oin p* r* od O in Mo D* 0n mIN Onl OCo_D' n.bItr-|*S|*r|| 5O!i| -"51 -| 4a* P(*** tOos fsNo]j in m in io p* n in h P- rH p- in co r*l m r-< r- m co r* co 1/1 o o m pn m -* h in o a *T r* <n in ^ fH m on ^| OomtW<n*">> Opm*' pn fn 00 -- oo --- OO DH ofaNnogfal aa t*--t wCr ^.Sf- 'tCi, Jj5i-uI' s u &3 , CEHl-, lc~'u'*l &D4 C- r- l> C. u. S. |ssg CO! LJpTT'Lii S' 8 S 5 fe & rj H C gEgp yii a fcfcHg B Si051 5 5 l E iBtK CONFIDENTIAL T-64605 TYLER PIPE INDUSTRIES, INC. CflNSOL I DATED BALANCE SHEET DECEMBER 26, 1981 ASSETS CURRENT ASSETS CASH TRADE ACCOUNTS RECEIVABLE LESS ALLOWANCE FOR DOUBTFUL ACCOUNTS 15399160 -94565 INVENTORIES __ FINISHED GOODS CAST IRON RELATED PRODUCTS PLASTICS RAW MATERIALS PURCHASED LESS LIFO RESERVE PREPAID EXPENSES PARTS ____ ______________________ 27637218 1475532 29112750 3775366 -14128437 TOTAL CURRENT ASSETS INTERCOMPANY* ADVANCES RECEIVABLE - TYLER CORPORATION INTANGIBLES C OTHER ASSETS* SUNDRY RECEIVABLES, DEPOSITS, ETC PROPERTY, PLANT, C EQUIPMENT* LAND PRODUCING PROPERTIES BUILDING LEASEHOLD IMPROVEMENTS MACHINERY EQUIPMENT TRANSPORTATION CONSTRUCTION IN PROGRESS LESS ALLOWANCE FOR DEPRECIATION LESS ALLOWANCE FOR DEPLETION 858762 126625 11879191 56964343 12307162 2367025 84503108 50361471 -4279 TOTAL ASSETS 625999 15304595 18759679 279993 34970266 0 30716502 34137358 99824126 TVLER pipe INDUSTRIES, INC. CONSOLIOATED BALANCE SHEET DECEMBER 26, 1981 LIABILITIES E STOCKHOLDERS EQUITY CURRENT LIABILITIES: TRADE ACCOUNTS PAYABLE ACCRUED COMPENSATION, INTEREST, INCOME TAXES PAYABLE _ ____ __ TAXES. ETC. TOTAL CURRENT LIABILITIES INTERCOMPANY ACCOUNTS PAYABLE ADVANCES PAYABLE LONG-TERM DEBENTURES NONCURRENT DEFERRED INCOME TAXES STOCKHOLDERS EQUITY: COMMON STOCK CAPITAL SURPLUS RETAINED EARNINGS TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 660458 0 13477140 . ... 1000 99000 71149451 6390926 4973964 192717 11557607 13937598 3079470 71249451 99824126 CONFIDENTIAL 1-64607 TYLER PIPE INDUSTRIES* INC. CONSOLIDATED STATEMENT OF INCOME C RETAINED EARNINGS FOR THE 52 WEEKS ENDED DECEMBER 26, 1981 NET SALES: CAST IRON C RELATED PRODUCTS PLASTICS OTHER INCOME 173525*66 1*778676 COSTS AND EXPENSES: MANUFACTURING C OTHER COSTS SELLING, ADMINISTRATIVE C GENERAL EXPENSE - PROFIT PRETAX/INTERCOMPANY INTEREST INTERCOMPANY INTEREST PRETAX INCOME PROVISION FOR INCOME TAXES: STATE FEDERAL 2960*3 8*9*73* NET INCOME RETAIMED EARNINGS BEGINNING OF PERIOD 12/27/80 BALANCE* RETAINED EARNINGS END OF PERIOO ~ _ 18830*1*2 51*1*8 188818290 1*8*285*9 13118633 1615*7182 27271108 5658*17 21612691 8790777 1282191* 58327537 711*9*51 'nrSgTO'tt TYLER PIPE INDUSTRIES. INC. CONSOLIDATED COMPARATIVE BALANCE SHEET OECEMBER 26, 1981 CASH PECEIVABLES INVENTORIES PREPAIO EXPENSES TOTAL CURRENT ASSETS CAPITAL STOCK INTERCOMPANY-ADVANCES REC. INTEPCOMPANY--ACCOUNTS PEC. INTANGIBLES E OTHER ASSETS PROPERTY, PLANT E EQUIPMENT TOTAL ASSETS 12/27/80 276308 15232803 18935586 231827 39176529 0 0 0 30739538 30399108 95260170 CURRENT MONTH 625999 15309595 18759679 279993 _ 39970266 0 0 0 30716502 39137358 99829126 CHANGE INCREASE (DECREASE) 399691 71792 329093 98166 793792 0 0 0 -23036 (A) 3793250 (8) 9563956 TRADE PAYABLES ACCRUALS INCOME TAXES PAYABLE TOTAL CURRENT LIABILITIES INTERCOMPANY-ACCOUNTS pay. INTERCOMPANY-ADVANCES pay. LONG-TERM DEBENTURES DEFERRED INCOME TAXES STOCKHOLDERS EQUITY TOTAL LIAB. C STKHLDRS EQUITY 8107731 9757966 10906 12876603 395969 0 20989050 2576011 58927537 95260170 6390926 9973969 192717 11557607 960958 0 13977190 3079970 71299951 99829126 -1716805 215998 181811 -1318996 69989 0 -7506910 503959 12821919 (C) 9563956 A-OTHER S -23036 (MOSTLY RECLASSIFICATION OF SUNORY RECEIVABLES). B-CHANGE REPRESENTS DEPRECIATION OF 7031889 NET ADDITION TO PROPERTY, PLANT AND EQUIPMENT $ I08T5139 C-CHANGE REPRESENTS NET INCOME, (LOSS I * 12821919 CONFIDENTIAL 1-6*09 TYLER PIPE INDUSTRIES, INC. CONSOLIDATED SOURCE AND APPLICATION OF FUNDS STATEMENT FDR THF 52 WEEKS ENDED DECEMBER 26, 19RI SOURCF OF FUNDS 1. NET INCOME 2. DEPRECIATION OF PROPERTY, PLANT, EQUIPMENT 5. DECREASE IN INTANGIBLES 8. INCREASE IN DEFERRED INCOMF TAXES 9. INCREASE IN INTERCOMPANY PAYABLES 14. TOTAL SOURCFS 1282191 708188 2303 50345 6448 2049478 APPLICATION OF FUNDS 16. 17. 20. 2328. CAPITAL EXPENDITURES I NET OF RETIREMENTS) INCRFASF IN CURRENT ASSETS DECREASE IK CURRENT LIABILITIES DECREASE IK INTERCOMPANY PAYABLES (DEBENTURES) TOTAL APPLICATIONS 29 CASH CHANGE 3 0 CASH - BEGINNING OF PFRIOD 31 CASH - ENDING OF PERIOD 1087513 44405 1318996 750691C 20l4509c 34969 27630 625 99 CONFIDENTIAL T-646J0 TYLER PIFE INDUSTRIES, INC. SUPPLEMENTAL INFORMATION DECEM3ER 26, 1981 INTERCOMPANY TRANSACTIONS SALES - (YEAR-TO-DATE) PURCHASES - (YEAR-TO-DATE) ADVANCES RECEIVABLE ACCOUNTS PAYABLE ADVANCES PAYABLE COMPANY C &H C&H $ TYLER CORP. TYLER CORP. TYLER CORP. AMOUNT 8,410 2,418,843 460,458 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 1 OF ITEM 6) 6,031,743 (3,074,599) 2.957.144 2.947.144 2,513,572 TYLER PIPE INDUSTRIES, INC. INCOME TAXES PAYABLE 12/26/81 MONTH ENDED FEDERAL STATE BEGINNING BALANCE $ 311,862 $ 200,697 TOTAL PROVISION FOR INCOME TAXES 1,442,139 2,569 CASH PAYMENTS TO CORPORATE (FIT) (311,862) PAYMENTS OF STATE INCOME TAXES (10,549) RECLASSIFICATIONS AND ADJUSTMENTS DEFERRED PROVISION FOR INCOME TAXES RECLASS. OF CAPITAL STOCK TAX TRANSFERRED TO INTER-CO. ADVANCES (1,442,139) YEAR TO-DATE FEDERAL STATE $ 10,906 7,991,275 296,043 (9,433,414) (114,232) 1,442,139 ENDING BALANCE $ 192,717 $ $ 192,717 CONFIDENTIAL T-64612