Document ym7x9NQqKMY6z0BjD0JNMg0w2

TYLER PIPE INDUSTRIES, INC. CONSOLIDATED BALANCE SHEET DECEMBER 31, 1983 ASSETS CURRENT ASSETS CASH TRADE ACCOUNTS RECEIVABLE $ 16,226,291 LESS ALLOWANCE FOR DOUBTFUL ACCOUNTS (83,859) INVENTORIES FINISHED GOODS CAST IRON & RELATED PRODUCTS PLASTICS RAW MATERIALS & PURCHASED PARTS LESS LIFO RESERVE PREPAID EXPENSES 29,150,929 2.504,911 31,656,840 4,093,727 (15,031,055) 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 & EQUIPMENT TRANSPORTATION CONSTRUCTION IN PROGRESS LESS ALLOWANCE FOR DEPRECIATION LESS ALLOWANCE FOR DEPLETION 672,505 126,625 12,634,260 65,671,650 13,204,574 3.976,336 96,285,950 (62,931,183) (15,582) TOTAL ASSETS $ 381,689 16,142,432 20,718,512 335,297 37,577,930 0- - 32,473,789 33,339,185 $ 103,390,904 CONFIDENTIAL T-60D TYLER PIPE INDUSTRIES, INC. CONSOLIDATED STATEMENT OF INCOME & RETAINED EARNINGS FOR THE 53 WEEKS ENDED DECEMBER 31, 1983 fin NET SALES: CAST IRON 4 RELATED PRODUCTS PLASTICS OTHER INCOME $ 170,848,293 -21,144.952 uts AND EXPENSES: MANUFACTURING & OTHER COSTS SELLING, ADMINISTRATIVE & GENERAL EXPENSE vsrcKMIiNti PROFIT 435.4m / _ 192,428,646 /5 7e7/ i/2- 152,754,295 /*. 14,425,368 ,\3 7ZS/ 167,179,663 /V/ 7*K 7S ADO. TO OPERATING PROFITS: OUTSIDE INTEREST INCOME OUTSIDE INTEREST EXPENSE PROFIT PRETAX/INTEREST 25,248,983 W 70 * 172,841 (256,1141 INTERCOMPANY INTEREST PRETAX INCOME PROVISION FOR INCOME TAXES STATE FEDERAL NET INCOME 25,165,710 9^7/3 6,552,745 VY7,?^ 18,612,965 Vf 2,^*3 177,044 /** 8,046,083 5-2*** 8,223,127 RETAINEO EARNINGS BEGINNING OF PERIOD 12/25/82 DIVIDENDS PAID 10,389,838 80,923,741 ?3,?v3,3*; BALANCE, RETAINED EARNINGS END OF PERIOD _L7,369,9891 $ _83,943r590 ^oY, 0/5" CONHDEJYTIAL t*imj TYLER PIPE INDUSTRIES, INC. CONSOLIDATED COMPARATIVE BALANCE SHEET DECEMBER 31, 1983 12/25/82 CURRENT MONTH CHANGE INCREASE (DECREASE) CASH RECEIVABLES INVENTORIES PREPAID EXPENSES TOTAL CURRENT ASSETS CAPITAL STOCK INTERCOMPANY-ADVANCES REC. INTERCOMPANY-ACCOUNTS REC. INTANGIBLES & OTHER ASSETS PROPERTY, PLANT & EQUIPMENT TOTAL ASSETS $ 60,663 16,787,839 20,734,489 292,050 37,875,041 381,689 $ 321,026 16,142,432 (645,407) 20,718,512 (15,977) 335,297 43,247 37,577,930 (297,111) 33,287,352 31,609,406 $ 102,771,799 32,473,789 33,339,185 (813,563)(A) 1,729,779 (B) 103,390,904 $ 619,105 TRADE PAYABLE ACCRUALS INCOME TAXES PAYABLE $ 7,486,312 6,181,667 60,886 TOTAL CURRENT LIABILITIES 13,728,865 IMfERCOMPANY-ACCOUNTS PAY. INTERCOMPANY-ADVANCES PAY. LONG-TERM DEBENTURES LONG-TERM DEBT DEFERRED INCOME TAXES STOCKHOLDERS EQUITY 439,975 2,257,058 2,400,000 2,922,160 81,023,741 TOTAL LIAB. & STKHOLDRS EQUITY $ 102,771,799 8,172,393 $ 686,081 5,177,438 (1,004,229) (37,427) (98,313) 13,312,404 (416,461) 448,017 62,000 2,400,000 3,124,893 84,043,590 8,042 62,000 (2,257,058) 202,733 3,019,849(C) 103,390,904 $ 619,105 A-OTHER $ 67,887 (MOSTLY RECLASSIFICATION OF SUNDRY RECEIVABLES). INDUSTRIAL REVENUE BONOS PENN DIVISION $ (881,450) B-CHANGE REPRESENTS DEPRECIATION OF $ 7,294,912 NET ADDITION TO PROPERTY, PLANT AND EQUIPMENT $ 9,024,691. C-CHANGE REPRESENTS NET INCOME, (LOSS) $ 10,389,838 AND DIVIDENDS PAID $ (7,369.989) CONFIDENTIAL T-64)16 TYLER PIPE INDUSTRIES, INC. CONSOLIDATED SOURCE AND APPLICATION OF FUNDS STATEMENT FOR THE 53 WEEKS ENDED DECEMBER 31,1983 SOURCE OF FUNDS 1. NET INCOME 2. DEPRECIATION OF PROPERTY, PLANT, & EQUIPMENT 4. DECREASE IN CURRENT ASSETS 5. DECREASE IN INTANGIBLES 7. DEBT ACQUISITION 8. INCREASE IN DEFERRED INCOME TAXES 9. INCREASE IN INTERCOMPANY PAYABLES 10. INCREASE IN INTERCOMPANY ADVANCES PAYABLE 14. TOTAL SOURCES S 10,389,838 7,294,912 618,137 813,563 -0202,733 8,042 62,000 19,389,225 APPLICATION OF FUNDS 16. CAPITAL EXPENDITURES (NET OF RETIREMENTS) 20. DECREASE IN CURRENT LIABILITIES 27. OTHER 28. TOTAL APPLICATIONS 29. CASH CHANGE 30. CASH - BEGINNING OF PERIOD 31. CASH - ENDING OF PERIOD 9,024,691 416,461 9,627,047 (A) 19,068,199 321,026 60,663 $ 361,669 (A)-OTHER-DIVIDENDS PAID S 7,369,989, DEBENTURES PAID $2,257,058 TYLER PIPE INDUSTRIES, INC. SUPPLEMENTAL INFORMATION DECEMBER 31, 1983 INTERCOMPANY TRANSACTIONS SALES - (YEAR-TO-DATE) PURCHASES - (YEAR-TO-DATE) PURCHASES - (YEAR-TO-DATE) ADVANCES RECEIVABLE ACCOUNTS PAYABLE ADVANCES PAYABLE COMPANY C S, H CSH THURSTON TYLER CORP. TYLER CORP. TYLER CORP. AMOUNT $ 9,259 1,066,144 3,381 -- 448,017 62,000 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 (85J OF ITEM 6) $ 6,251,938 3,627,972 2,623,966 2,623,966 2,230,371 TYLER PIPE INDUSTRIES, INC. INCOME TAXES PAYABLE DECEMBER 31, 1983 MONTH ENDED YEAR-TO-DATE FEDERAL STATE FEDERAL STATE BEGINNING BALANCE $ 436,368 $ 35,246 $ $ 60,886 TOTAL PROVISION FOR INCOME TAXES (369,942) (19,199) 7,843,350 177,044 CASH PAYMENTS TO CORPORATE (FIT) (436,368) -- (8,213,292) -- PAYMENTS OF STATE INCOME TAXES -- (53,474) -- (275,357) RECLASSIFICATIONS AND ADJUSTMENTS -- -- -- -- DEFERRED PROVISION FOR INCOME TAXES -- -- -- -- RECLASS. OF CAPITAL STOCK TAX -- -- -- -- TRANSFERRED TO INTER-CO. ADVANCES 369,942 -- 369,942 -- ENOING BALANCE $________ ~ $ (37,427) $_________ ~ $ (37,427) CONFIDENTIAL T-64919 SPECIFICATION PROOUCTS 12.047.880 < r r> r> ^ T9 "o ^ S Sst ie -- ml Vs/s* H t/St Z74 i/> _i/ii m f ^ ff> -n -* i^/te90o2oZ'eVt oMot/S s -S n S OPpEggm2,"r" P" ^ 30 m-O si e *o * *n -- -- fft SOOst -- K (81PM OS -- 0(0 ( Om0 Os Onw to v ys M ** * . rsj 0t^*A 8X ss ut rs> to rv <KJ ui Os (S 9t IP *J Os ft* cO otVi os Os ro *. n| 0D Ot S3 WeOwN(OpuBt - (P - i s.ssscss (0| I UUP S si o A 0l(--POol UiAO NUBWNffi i p rs> vt os so i oou*ou> PO (SI w r*t : m r> ^ m *-- os i *usg}N9t^ 13.017.300 TYLER PIPE INDUSTRIES. INC. TONS/UNITS/LbS. COMPARISON WITH LAST YEAR JkUMO N(PN (PO(P o os OD Oi ss -- fs fs> ^ V*B *vi 'J MN(P --- -- U0t 8 8 En vs Vi 8 388 V 'S4 rsj 00 ** w o VOQO S CD Os M OUm W VS Vtft* vt vs M Vt "J ^ CD A -J Os -- ISJ *- sj i i ifl W|l A l (P 00f\) 10 Ik (P * sj si Ik N P} Ik W si Si Ul B A W A 10 rs> to W n l -- * l 0D I 8 *po*Qos rD*-0( so SO os < rs> m cn 2 ^ 0D HI l Nl I (P --ilttOMOilk PO Vt ft* Ot OssiQ-- O-- A^ ro vs vt so (P 0D CP U> -- A ^OOtOSUi*AmO A M O tfi ittIM I k A SO I ui vt ft* vs o M*p-VA-i*aMw(Pft O VS W OD ft* * a ^m ez .o Z c - r* m / * o to ffrtt. 99Z ar * t r *n rn im 9 9 9 m,m x to 9 pp p99c pp p x 9 r* --o p> O -m o to-p x pH cion4vt*eC O * ,k ^ ^ x t "f mx2P4Cnmzb * i--rsnpmo** c*|x n. m e * m < o 9 9 >% p *19*90^9 .9 OOQOS2,; Pi ;9 * 9 9 a cm mo < m p m 9 9 i n n z1 C totm !9 m m 9 m-- -- ,p * 9 r 9 9 9 9 p 9 p x |{ m m t 0<m m toftO'toXrft9Z -- --j P q >U m m Z mV p to P o m zee * e ,9 to "ft Mf 9191 U to ft* * uto itwo I wkbi to 9 ft (9 -------m,* o 9 Ito to tom W.U to N to Ik 9 9 p to 4;C lWM^ ' - *9 K i|W>>NO* to|9 o o * Ml * to to. ft -ftto* . k 06 wwei. * I *-,to e 4 M 9 ft I IS> ft NONOwftI >t to w:to o oi# o i ftgiNftONWOOC . *9 t|CO toift 9 Oftl O 9 to ft!* O 9'9 to 9`Ml to l I! 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C ^S O C -U A U N C lNCCME S1AILJ1EKJ I OH IH E 53 WEEPS ENDED DECEMBER U lM IN A T IL * Of INItrtCCKPANY S A lt> 2 re rere re re2 re re re re re re2 re i re reo \y 1 re 1X re fcn rr. i1 1 < re X re 2 m re G2 - n> C c. 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O u a 0a f- re 9 o Kl 9 o in * re re reVI <c re N; o rr 0 a O K. O' rt in U c * on kj e> 2 n9 lit M re o i K. r. o p. xi p-- re re re in w. U N W c* O o ^ e o u> c Kl QD ito o u re re re in o o \r C >o w) Kl K. o in m o * aTi <6 Kl K. rein IT 0 O' K. Ki O vn 9 oo rein K. kb re ^ C in a ix i c. r i ? I ly I Cl re Ii I< i c. l I re 1 re IL K> IS. Ki X re tfv k. in K. K- i l . ISbJ confidential T -64923