/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/060624.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, June 24, 2006, Vol. 10, No. 149 Headlines ACCEPTANCE INSURANCE: Earns $955,683 in April 2006 ACCEPTANCE INSURANCE: Posts $107,080 Net Loss in May 2006 CALPINE CORP: Carville Energy Files Schedules of Assets & Debts CALPINE CORP: Columbia Energy Files Schedules of Assets & Debts CALPINE CORP: Corpus Christi Files Schedules of Assets and Debts CALPINE CORP: Decatur Energy Files Schedules of Assets and Debts CALPINE CORP: Freestone Power Files Schedules of Assets & Debts CALPINE CORP: Geysers Power Files Schedules of Assets and Debts CALPINE CORP: Mobile Energy Files Schedules of Assets and Debts CALPINE CORP: Morgan Energy Files Schedules of Assets and Debts ENTERGY NEW ORLEANS: Earns $1.1 Million in April 2006 INTERSTATE BAKERIES: Earns $7.5 Million for Period Ended April 29 MUSICLAND HOLDING: Posts $11.1 Million Net Loss in May 2006 NEWPOWER HOLDINGS: Files Monthly Report for Period Ended April 30 REFCO INC: Files May 2006 Monthly Operating Report REFCO INC: Refco LLC's Operating Report for Period Ended Dec. 31 REFCO INC: Refco LLC Files January 2006 Monthly Operating Report REFCO INC: Refco LLC Files February 2006 Monthly Operating Report REFCO INC: Refco LLC Files March 2006 Monthly Operating Report REFCO INC: Refco LLC Files April 2006 Monthly Operating Report REFCO INC: Lind-Waldock Files Schedules of Assets and Liabilities REFCO INC: Refco Managed Futures Files Schedules of Assets & Debts REFCO INC: Westminster Files Schedules of Assets and Liabilities SONICBLUE INC: Files April 2006 Monthly Operating Report WINN-DIXIE: Earns $36.5 Million in May 2006 ********* ACCEPTANCE INSURANCE: Earns $955,683 in April 2006 -------------------------------------------------- On May 4, 2006, Acceptance Insurance Companies Inc. filed its monthly operating report for April 2006 with the United States Bankruptcy Court for the District of Nebraska. The Debtor reports a $955,683 net income on $8,734 of total revenue for April 2006. At April 30, 2006, Acceptance Insurance Companies Inc.'s balance sheet showed: Total Current Assets $2,386,616 Total Assets $32,854,677 Total Liabilities $138,191,909 Total Shareholders' Equity Deficit ($105,337,232) A full-text copy of Acceptance Insurance Companies Inc.'s April 2006 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?c11 Headquartered in Council Bluffs, Iowa, Acceptance Insurance Companies Inc. -- http://www.aicins.com/-- owns, either directly or indirectly, several companies, one of which is an insurance company that accounts for substantially all of the business operations and assets of the corporate groups. The Company filed for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case No. 05-80059). The Debtor's affiliates -- Acceptance Insurance Services, Inc., and American Agrisurance, Inc. -- filed separate chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05- 80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP, represents the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed $33,069,446 in total assets and $137,120,541 in total debts. ACCEPTANCE INSURANCE: Posts $107,080 Net Loss in May 2006 --------------------------------------------------------- On June 13, 2006, Acceptance Insurance Companies Inc. filed its monthly operating report for May 2006 with the United States Bankruptcy Court for the District of Nebraska. The Debtor reports a $107,080 net loss on $10,369 of total revenue for May 2006. At May 31, 2006, Acceptance Insurance Companies Inc.'s balance sheet showed: Total Current Assets $2,300,344 Total Assets $32,768,405 Total Liabilities $138,212,717 Total Shareholders' Equity Deficit ($105,444,312) A full-text copy of Acceptance Insurance Companies Inc.'s May 2006 Monthly Operating Report is available at no charge at http://ResearchArchives.com/t/s?c12 Headquartered in Council Bluffs, Iowa, Acceptance Insurance Companies Inc. -- http://www.aicins.com/-- owns, either directly or indirectly, several companies, one of which is an insurance company that accounts for substantially all of the business operations and assets of the corporate groups. The Company filed for chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. Case No. 05-80059). The Debtor's affiliates -- Acceptance Insurance Services, Inc., and American Agrisurance, Inc. -- filed separate chapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05- 80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP, represents the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed $33,069,446 in total assets and $137,120,541 in total debts. CALPINE CORP: Carville Energy Files Schedules of Assets & Debts --------------------------------------------------------------- A. Real Property Generation Facility, Saint Gabriel, LA $2,389,385 Generation Facility (Land), St. Gabriel, LA 275,480 B. Personal Property B.1 Cash on hand B.2 Bank Accounts B.13 Stock and Interests in business undetermined see http://ResearchArchives.com/t/s?bf5 B.14 Interests in partnerships or joint ventures undetermined see http://ResearchArchives.com/t/s?bf5 B.16 Accounts Receivable 5,282,434 B.25 Vehicles 160,133 B.28 Office equipment, furnishings and supplies 307,974 B.29 Machinery 380,212,534 see http://ResearchArchives.com/t/s?bf6 B.30 Inventory 1,833,584 B.35 Other Personal Property 198,427 TOTAL SCHEDULED ASSETS $390,659,951 ============= C. Property Claimed as Exempt 0 D. Secured Claims Morgan Stanley-1st Priority Term Loan 610,277,752 Morgan Stanley-2nd Priority Term Loan 101,088,003 Wilmington Trust-1st Priority Notes 239,075,226 Wilmington Trust-2nd Priority Notes 647,134,331 Wilmington Trust-3rd Priority Notes 699,970,845 Wilmington Trust-3rd Priority Fixed Notes 153,833,333 E. Unsecured Priority Claims undetermined see http://ResearchArchives.com/t/s?bf7 F. Unsecured Non-priority Claims Trade Payables Airgas Gulf State Region 10,474 Anderson Janitorial Services 1,000 Carter Chambers 2,478 Colt Services, Inc. 4,283 Drago Supply Co., Inc. 3,685 Iberville Insulations LLC 7,216 Industrial Parts Specialties 2,813 Industrial Repair Services, Inc. 1,062 Ingersoll Rand Air Center 32,448 Premier Chemicals & Services 1,315 Specialty Application Services, Inc. 8,632 Star Service, Inc. 1,130 The Nalco Co. 61,994 Others 10,447 Intercompany Claims Baytown Energy Center, LP (900) CalGen Expansion Company, LLC (31,393) Calpine Generating Company, LLC 115,255,754 Calpine Oneta Power, L.P. 2,315 Columbia Energy LLC (2,486) Corpus Christi Cogeneration L.P. (4,150) Decatur Energy Center, LLC (427) Freestone Power Generation LP 6,600 Morgan Energy Center, LLC (2,145) Pastoria Energy Facility L.L.C. (1,013) RockGen Energy LLC 469 TOTAL SCHEDULED LIABILITIES $2,566,746,091 =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) CALPINE CORP: Columbia Energy Files Schedules of Assets & Debts --------------------------------------------------------------- A. Real Property Generation Facility, Gaston, SC $71,162,214 B. Personal Property B.1 Cash on hand 415 B.2 Bank Accounts Union Bank of California Disbursement Account 1,042 B.3 Security Deposits South Carolina Electric & Gas 164,000 B.13 Interests in partnerships or joint ventures undetermined see http://ResearchArchives.com/t/s?bf8 B.14 Government and Corporate Bonds undetermined see http://ResearchArchives.com/t/s?bf8 B.16 Accounts Receivable 477,294 B.18 Other Liquidated Debts Eastman Chemical Interest Receivable 315,675 Eastman Chemical Co. Notes Receivable 19,412,862 B.25 Vehicles 27,025 B.28 Office equipment, furnishings and supplies 69,036 B.29 Machinery 100,729,953 see http://ResearchArchives.com/t/s?bf9 B.30 Inventory 2,475,012 B.35 Other Personal Property 271,507 TOTAL SCHEDULED ASSETS $195,106,034 ============= C. Property Claimed as Exempt D. Secured Claim Morgan Stanley-1st Priority Loan 610,277,752 Morgan Stanley-2nd Priority Loan 101,088,003 Wilmington Trust-1st Priority Notes 239,075,226 Wilmington Trust-2nd Priority Notes 647,134,331 Wilmington Trust-3rd Priority Notes 699,970,844 Wilmington Trust-3rd Priority Fixed Notes 153,833,333 E. Unsecured Priority Claims undetermined see http://ResearchArchives.com/t/s?bfa F. Unsecured Non-priority Claims Trade payables 188,950 Intercompany claims Baytown Energy Center LP 778 Broad River Energy LLC (4,689) CalGen Expansion Company LLC (7,578,318) Calpine Corporation (21,707) Calpine Generating Company LLC 179,958,825 Carville Energy LLC 2,486 Corpus Christi Cogeneration LP (2,186) Decatur Energy Center LLC 3,345 Freestone Power Generation LP (138) Goldendale Energy Center LLC (4,655) Morgan Energy Center LLC 645 Zion Energy LLC (3,178) Potential litigation claims undetermined see http://bankrupt.com/misc/columbiaEnergy_F5.pdf TOTAL SCHEDULED LIABILITIES $2,623,819,648 =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) CALPINE CORP: Corpus Christi Files Schedules of Assets and Debts ---------------------------------------------------------------- A. Real Property Generation Facility, Corpus Christi, TX $3,932,505 Generation Facility (Roads) 2,350,719 B. Personal Property B.1 Cash on hand 846 B.2 Bank Accounts Frost National Bank Checking Account 9,503 B.13 Interests in partnerships or joint venture undetermined see http://ResearchArchives.com/t/s?bfb B.14 Government and Corporate Bonds undetermined See http://ResearchArchives.com/t/s?bfb B.16 Accounts Receivable 13,077,678 B.17 Other Liquidated Debts 151,677 B.28 Office equipment, furnishings and supplies 1,713,565 B.29 Machinery 364,877,221 see http://ResearchArchives.com/t/s?bfc B.30 Inventory 1,342,565 B.35 Other Personal Property 210,791 TOTAL SCHEDULED ASSETS $387,667,070 ============= C. Property Claimed as Exempt D. Secured Claim Morgan Stanley-1st Priority Loan 610,277,752 Morgan Stanley-2nd Priority Loan 101,088,003 Wilmington Trust-1st Priority Notes 239,075,226 Wilmington Trust-2nd Priority Notes 647,134,331 Wilmington Trust-3rd Priority Notes 699,970,844 Wilmington Trust-3rd Priority Fixed Notes 153,833,333 E. Unsecured Priority Claims undetermined see http://ResearchArchives.com/t/s?bfd F. Unsecured Non-priority Claims CITGO Petroleum Corporation undetermined Trade payables 677,351 Intercompany claims Baytown Energy Center LP 873 CalGen Expansion Company LLC (28,113) Calpine Construction Finance Co. LP 1,275 Calpine Generating Company LLC 109,836,918 Calpine Oneta Power LP 5,297 Calpine Operating Services Co., Inc 6,216,121 Carville Energy LLC 4,150 Columbia Energy LLC 2,186 Decatur Energy Center LLC (438) Delta Energy Center LLC 455 Freestone Power Generation LP 8,772 Goldendale Energy Center LLC (2,401) Morgan Energy Center LLC (2,177) Nueces Bay Energy LLC 1,990 TOTAL SCHEDULED LIABILITIES $2,568,101,749 =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) CALPINE CORP: Decatur Energy Files Schedules of Assets and Debts ---------------------------------------------------------------- A. Real Property Generation Facility, Decatur, AL $27,716,859 Generation Facility (Roads) 661,375 B. Personal Property B.1 Cash on hand 41 B.2 Bank Accounts Renasant Bank Site Checking Account 953 B.13 Interests in partnerships or joint ventures undetermined see http://ResearchArchives.com/t/s?c00 B.14 Government and Corporate Bonds undetermined see http://ResearchArchives.com/t/s?c00 B.16 Accounts Receivable 3,524,657 B.25 Vehicles 22,019 B.28 Office equipment, furnishings and supplies 536,728 B.29 Machinery 358,413,352 see http://ResearchArchives.com/t/s?c01 B.30 Inventory 984,064 B.35 Other Personal Property 309,119 TOTAL SCHEDULED ASSETS $392,169,166 ============= C. Property Claimed as Exempt D. Secured Claim Morgan Stanley-1st Priority Loan 610,277,752 Morgan Stanley-2nd Priority Loan 101,088,003 Wilmington Trust-1st Priority Notes 239,075,226 Wilmington Trust-2nd Priority Notes 647,134,331 Wilmington Trust-3rd Priority Notes 699,970,844 Wilmington Trust-3rd Priority Fixed Notes 153,833,333 E. Unsecured Priority Claims undetermined see http://ResearchArchives.com/t/s?c02 F. Unsecured Non-priority Claims Trade payables Barnhart Crane & Rigging Co. 29,119 Brenntag Mid S Inc. 10,337 Brownlee Morrow Engineering Co., Inc. 9,790 C & F Car Wash & Pressure Systems, Inc. 4,180 Cooks Pest Control 1,328 Phase 11 Electric, Inc. 4,730 Rental Services Corporation 2,023 Siemens Power Generation, Inc. 5,186 Superior Scaffolding & Insulation, Inc. 21,656 Tfs Energy LLC 4,850 Others 6,624 Intercompany claims Baytown Energy Center LP (505) CalGen Expansion Company, LLC (43,210) Calpine Generating Company LLC 175,302,745 Calpine Oneta Power LP (2,834) Carville Energy LLC 427 Columbia Energy LLC (3,345) Corpus Christi Cogeneration LP 438 Freestone Power Generation LP 5,736 Morgan Energy Center LLC (393,053) Zion Energy LLC (1,510) Potential litigation claims Hubbard & Drake undetermined U.S. Environmental Protection Agency undetermined TOTAL SCHEDULED LIABILITIES $2,626,344,202 =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000). CALPINE CORP: Freestone Power Files Schedules of Assets & Debts --------------------------------------------------------------- A. Real Property Generation Facility, Fairfield, TX $7,094,901 Generation Facility (Roads) 1,334,501 B. Personal Property B.1 Cash on hand B.2 Bank Accounts Farmers State Disbursement Account 736 B.13 Interests in partnerships or joint venture undetermined see http://ResearchArchives.com/t/s?c03 B.14 Government and Corporate Bonds undetermined see http://ResearchArchives.com/t/s?c03 B.25 Vehicles 26,961 B.28 Office equipment, furnishings and supplies 177,272 B.29 Machinery 456,033,375 see http://ResearchArchives.com/t/s?c05 B.30 Inventory 1,494,306 B.35 Other Personal Property 357,112 TOTAL SCHEDULED ASSETS $466,519,164 ============= C. Property Claimed as Exempt D. Secured Claim Morgan Stanley-1st Priority Loan 610,277,752 Morgan Stanley-2nd Priority Loan 101,088,003 Wilmington Trust-1st Priority Notes 239,075,226 Wilmington Trust-2nd Priority Notes 647,134,331 Wilmington Trust-3rd Priority Notes 699,970,844 Wilmington Trust-3rd Priority Fixed Notes 153,833,333 E. Unsecured Priority Claims Taxing authorities see http://ResearchArchives.com/t/s?c06 F. Unsecured Non-priority Claims Trade payables 3L Services, Inc. 22,025 A & E Machine Shop, Inc. 8,769 Airgas, Inc. 13,207 Applied Energy Co., Inc. 16,901 Ashland Specialty Chemical 5,011 Dilo Co., Inc. 19,203 Johnson March Systems, Inc. 9,115 Magnablend, Inc. 7,692 Plant Equipment & Services, Inc. 4,400 Red Hate Rentals 4,027 Substation Services, Inc. 14,500 Others 17,593 Intercompany claims Baytown Energy Center LP 667 CalGen Expansion Company LLC (58,636) Calpine Corporation 654 Calpine Generating Company LLC 152,804,082 Calpine Oneta Power LP (7,024) Carville Energy LLC (6,600) Columbia Energy LLC 138 Corpus Christi Cogeneration LP (8,772) CPN Freestone LLC 79 Decatur Energy Center LLC (5,736) Morgan Energy Center LLC (4,719) TOTAL SCHEDULED LIABILITIES $2,604,236,067 =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) CALPINE CORP: Geysers Power Files Schedules of Assets and Debts --------------------------------------------------------------- A. Real Property Geothermal Properties, Middletown, CA $213,221,836 B. Personal Property B.1 Cash on hand B.2 Bank Accounts Union Bank of California Bond Accounts 630,000 B.3 Security Deposits SCE 25,000 Verizon 8,000,000 B.13 Interests in partnerships or joint ventures undetermined see http://ResearchArchives.com/t/s?c07 B.14 Government and Corporate Bonds undetermined see http://ResearchArchives.com/t/s?c07 B.16 Accounts Receivable 15,988,904 B.18 Other Liquidated Debts Other Accounts Receivables 80,902 Wachovia Bank 340,834 B.29 Machinery 97,570,128 see http://ResearchArchives.com/t/s?c08 B.30 Inventory 5,515,407 B.35 Other Personal Property 4,567,446 TOTAL SCHEDULED ASSETS $345,940,458 ============= C. Property Claimed as Exempt D. Secured Claim E. Unsecured Priority Claims Taxing Authorities see http://ResearchArchives.com/t/s?c09 F. Unsecured Non-priority Claims Trade payables 112,863 see http://ResearchArchives.com/t/s?c0a Intercompany claims Calpine Corporation 49,176,935 Calpine Energy Services, LP (158,857,453) Calpine Operating Services Company (69,507,239) Silverado Geothermal Resources, Inc. (2,576) Potential litigation claims California Power Exchange Corporation undetermined California Public Utilities Commission undetermined County of Sonoma undetermined Pacific Gas & Electric Company undetermined TOTAL SCHEDULED LIABILITIES ($179,077,470) =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) CALPINE CORP: Mobile Energy Files Schedules of Assets and Debts --------------------------------------------------------------- A. Real Property Generation Facility, Mobile, AL $13,215,450 Utility Right of Way undetermined B. Personal Property B.1 Cash on hand 315 B.2 Bank Accounts Compass Bank, Huntsville, AL 1,783 B.13 Business Stock and Interests undetermined see http://ResearchArchives.com/t/s?c0b B.14 Interests in partnerships or joint ventures undetermined see http://ResearchArchives.com/t/s?c0b B.16 Accounts Receivable 404 B.25 Vehicles 16,320 B.28 Office equipment, furnishings and supplies 166,704 B.29 Machinery 130,508,821 see http://ResearchArchives.com/t/s?c0c B.30 Inventory Hog Bayou Energy Center, Mobile, AL 638,956 B.35 Other Personal Property 118,883 TOTAL SCHEDULED ASSETS $144,667,636 ============= C. Property Claimed as Exempt - D. Secured Claim - E. Unsecured Priority Claims undetermined see http://ResearchArchives.com/t/s?c0d F. Unsecured Non-priority Claims Trade Payables Abita Springs Water Co 31 Airgas Inc 1,161 International Fire Protection Inc 2,997 Office Depot Credit Plan 240 Severn Trent Laboratories Inc 110 Tower Performance Inc 3,006 Intercompany Claims Calpine Corporation 188,206,315 Calpine Eastern Corporation 116,670 Calpine Fox LLC (6,721) Calpine Operating Services 75,414 Calpine Project Holdings, Inc. (1,583,858) Los Esteros Critical Energy (16,899) Pastoria Energy Facility L.L.C. (3,767) TOTAL SCHEDULED LIABILITIES $186,794,699 ============= Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) CALPINE CORP: Morgan Energy Files Schedules of Assets and Debts --------------------------------------------------------------- A. Real Property Generation Facility, Decatur, AL $34,318,598 Right of Way undetermined B. Personal Property B.1 Cash on hand 258 B.2 Bank Accounts 414 B.13 Business stock and interests undetermined see http://ResearchArchives.com/t/s?c0e B.14 Interests in partnerships or joint ventures undetermined see http://ResearchArchives.com/t/s?c0e B.16 Accounts Receivable 395,151 B.28 Office equipment, furnishings and supplies 433,342 B.29 Machinery 355,208,301 see http://ResearchArchives.com/t/s?c0f B.30 Inventory 1,411,786 B.35 Other Personal Property 255,435 TOTAL SCHEDULED ASSETS $392,023,285 ============= C. Property Claimed as Exempt - D. Secured Claim Morgan Stanley-1st Priority Term Loan 610,277,752 Morgan Stanley-2nd Priority Term Loan 101,088,003 Wilmington Trust-1st Priority Notes 239,075,226 Wilmington Trust-2nd Priority Notes 647,134,331 Wilmington Trust-3rd Priority Notes 699,970,844 Wilmington Trust-3rd Priority Fixed Notes 153,833,333 E. Unsecured Priority Claims undetermined see http://ResearchArchives.com/t/s?c10 F. Unsecured Non-priority Claims Trade Payables Adem State of Alabama 4,364 American Moistening Co 3,537 Consolidated Pipe & Supply Co Inc 69,028 Ferguson Enterprises Inc 25,324 Fisher Controls Intl Inc 14,296 Hubbard & Drake 56,567 Regional Valve Corp 4,505 Tfs Energy LLC 3,325 Others 19,622 Intercompany Claims Baytown Energy Center, LP (236) CalGen Expansion Company, LLC (34,160) Calpine Generating Company, LLC 164,281,443 Calpine Oneta Power, L.P. 3,947 Carville Energy LLC 2,145 Columbia Energy LLC (645) Corpus Christi Cogeneration L.P. 2,177 Decatur Energy Center, LLC 393,053 Delta Energy Center, LLC 578 Freestone Power Generation LP 4,719 Potential Litigation Claims BP Amoco undetermined BP Amoco Chemicals undetermined Hubbard & Drake undetermined Tennessee Valley Authority undetermined TOTAL SCHEDULED LIABILITIES $2,616,213,456 =============== Headquartered in San Jose, California, Calpine Corporation -- http://www.calpine.com/-- supplies customers and communities with electricity from clean, efficient, natural gas-fired and geothermal power plants. Calpine owns, leases and operates integrated systems of plants in 21 U.S. states and in three Canadian provinces. Its customized products and services include wholesale and retail electricity, gas turbine components and services, energy management and a wide range of power plant engineering, construction and maintenance and operational services. The Company filed for chapter 11 protection on Dec. 20, 2005 (Bankr. S.D.N.Y. Lead Case No. 05-60200). Richard M. Cieri, Esq., Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G. Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their restructuring efforts. Michael S. Stamer, Esq., at Akin Gump Strauss Hauer & Feld LLP, represents the Official Committee of Unsecured Creditors. As of Dec. 19, 2005, the Debtors listed $26,628,755,663 in total assets and $22,535,577,121 in total liabilities. (Calpine Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) ENTERGY NEW ORLEANS: Earns $1.1 Million in April 2006 ----------------------------------------------------- Entergy New Orleans, Inc. Balance Sheet As of April 30, 2006 (in thousands) ASSETS Current Assets: Cash and cash equivalents $26,591 Temporary cash investments - ---------- Total cash and cash equivalents 26,591 Accounts receivable: Customer 80,332 Allowance for doubtful accounts (23,637) Associated companies 12,205 Other 6,365 Accrued unbilled revenues 17,242 ---------- Total accounts receivable 92,507 Deferred fuel costs 28,804 Fuel inventory 639 Materials and supplies 6,754 Prepayments and other 12,290 ---------- Total current assets 167,585 Other Property and Investments Investment in affiliates 3,259 Non-utility property at cost 1,107 ---------- Total other property and investments 4,366 Utility Plant Electric 751,429 Natural gas 191,363 Construction work in progress 43,590 ---------- Total Utility Plant 986,382 Less - accumulated depreciation and amortization 436,947 ---------- Utility plant - net 549,435 Deferred Debits and Other Assets Regulatory assets: Other regulatory assets 164,795 Long term receivables 1,090 Other 22,708 ---------- Total deferred debits and other assets 188,593 ---------- TOTAL ASSETS $909,979 ========== LIABILITIES: Postpetition liabilities: Taxes payable $2,573 Accounts payable 46,998 DIP credit facility 22,000 ---------- Total postpetition liabilities 71,571 Current liabilities: Currently maturing long-term debt - Notes payable 15,000 Accounts payable: Associated companies 56,919 Other 94,438 Customer deposits 12,989 Taxes accrued - Accumulated deferred income taxes 1,251 Interest accrued 3,046 Energy efficiency program provision - Other 4,499 ---------- Total current liabilities 188,142 Non-current liabilities: Accumulated deferred income taxes & taxes accrued 130,795 Accumulated deferred investment tax credits 3,429 SFAS 109 regulatory liability - net 58,417 Other regulatory liabilities - Accumulated provisions 7,954 Pension liability 38,636 Long-term debt 229,864 Other 6,996 ---------- Total non-current liabilities 476,804 ---------- Total Liabilities 735,804 Commitments and Contingencies: SHAREHOLDERS' EQUITY Preferred stock without sinking fund 19,780 Common stock, $4 par value, authorized 10,000,000 shares; issued and outstanding 8,435,900 shares in 2005 and 2004 33,744 Paid-in capital 36,294 Retained earnings -- prepetition 99,593 Retained earnings -- postpetition (15,236) ---------- Total shareholders equity 174,175 ---------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $909,979 ========== Entergy New Orleans, Inc. Statement of Operations Month Ended April 30, 2006 (in thousands) Operating Revenues Domestic electric $31,596 Natural gas 5,579 ---------- Total operating revenues 37,175 Operating Expenses: Operation and maintenance Fuel 4,361 Purchased power 21,019 Other operation and maintenance 7,812 Taxes other than income taxes 2,199 Depreciation and amortization 2,779 Other regulatory charges - net 299 ---------- Total operating expenses 38,469 ---------- Operating income (1,294) Other income: Allowance for equity funds used during construction 52 Interest and dividend income 240 Miscellaneous - net 50 ---------- Total other income 342 Interest and other charges: Interest on long-term debt 62 Other interest-net 697 Allowance for borrowed funds used during construction (41) ---------- Total interest and other charges 718 Income (loss) before income taxes (1,670) Income taxes (491) ---------- NET INCOME $1,179 ========== Entergy New Orleans, Inc. Cash Receipts and Disbursement Statement Month Ended April 30, 2006 Beginning cash balance $25,529,683 Cash receipts 120,002,046 Cash disbursements (118,940,360) ----------- Net cash flow [1,061,686] ----------- ENDING CASH BALANCE $26,591,368 ============ Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc. -- http://www.entergy-neworleans.com/-- is a wholly owned subsidiary of Entergy Corporation. Entergy New Orleans provides electric and natural gas service to approximately 190,000 electric and 147,000 gas customers within the city of New Orleans. Entergy New Orleans is the smallest of Entergy Corporation's five utility companies and represents about 7% of the consolidated revenues and 3% of its consolidated earnings in 2004. Neither Entergy Corporation nor any of Entergy's other utility and non-utility subsidiaries were included in Entergy New Orleans' bankruptcy filing. Entergy New Orleans filed for chapter 11 protection on Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697). Elizabeth J. Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker, Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the Debtor in its restructuring efforts. When the Debtor filed for protection from its creditors, it listed total assets of $703,197,000 and total debts of $610,421,000. (Entergy New Orleans Bankruptcy News, Issue No. 18; Bankruptcy Creditors' Service, Inc., 215/945-7000) INTERSTATE BAKERIES: Earns $7.5 Million for Period Ended April 29 ----------------------------------------------------------------- Interstate Bakeries Corporation and Subsidiaries Unaudited Consolidated Monthly Operating Report Four Weeks Ended April 29, 2006 REVENUE Gross Income $225,659,272 Less Cost of Goods Sold Ingredients, Packaging & Outside Purchasing 56,000,847 Direct & Indirect Labor 42,923,470 Overhead & Production Administration 11,640,578 ------------ Total Cost of Goods Sold 110,564,895 ------------ Gross Profit $115,094,377 ------------ OPERATING EXPENSES Owner-Draws/Salaries - Selling & Delivery Employee Salaries $54,046,250 Advertising and Marketing 3,901,354 Insurance (Property, Casualty, & Medical) 11,743,545 Payroll Taxes 4,539,698 Lease and Rent 3,593,172 Telephone and Utilities 1,426,596 Corporate Expense (Including Salaries) 6,300,100 Other Expenses 29,540,791 ------------ Total Operating Expenses $115,091,506 ------------ EBITDA ($2,871) Restructuring & Reorganization Charges (1,925,179) Depreciation and Amortization 5,703,640 Other( Income)/Expense (1,884) Gain/Loss Sale of Property - Interest Expense 4,059,149 ------------ Operating Income (Loss) (7,832,855) Income Tax Expense (Benefit) (318,084) ------------ Net Income (Loss) $7,514,771 ============ CURRENT ASSETS Accounts Receivable at end of period $145,016,470 Increase (Dec.) in Accounts Receivable (3,539,409) Inventory at end of period 63,727,879 Increase (Decrease) in Inventory for period 1,697,472 Cash at end of period 93,944,637 Increase (Decrease) in Cash for period (2,071,939) Restricted Cash 83,864,426 Increase (Dec.) in Restricted Cash for period 7,186,490 LIABILITIES Increase (Decrease) in Liabilities Not Subject to Compromise 2,335,941 Increase (Decrease) in Liabilities Subject to Compromise 51,693 Taxes payable: Federal Payroll Taxes 10,048,672 State/Local Payroll Taxes 2,124,792 State Sales Taxes 771,413 Real Estate and Personal Property Taxes 15,731,359 Other 7,299,935 ------------ Total Taxes Payable $35,976,171 ============ Headquartered in Kansas City, Missouri, Interstate Bakeries Corporation is a wholesale baker and distributor of fresh baked bread and sweet goods, under various national brand names, including Wonder(R), Hostess(R), Dolly Madison(R), Baker's Inn(R), Merita(R) and Drake's(R). The Company employs approximately 32,000 in 54 bakeries, more than 1,000 distribution centers and 1,200 thrift stores throughout the U.S. The Company and seven of its debtor-affiliates filed for chapter 11 protection on September 22, 2004 (Bankr. W.D. Mo. Case No. 04-45814). J. Eric Ivester, Esq., and Samuel S. Ory, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed $1,626,425,000 in total assets and $1,321,713,000 (excluding the $100,000,000 issue of 6.0% senior subordinated convertible notes due August 15, 2014 on August 12, 2004) in total debts. (Interstate Bakeries Bankruptcy News, Issue No. 42; Bankruptcy Creditors' Service, Inc., 215/945-7000) MUSICLAND HOLDING: Posts $11.1 Million Net Loss in May 2006 ----------------------------------------------------------- Musicland Holding Corp. Consolidated Balance Sheet As of May 31, 2006 ASSETS Current Assets Cash $56,112,000 Inventories 0 Other Final Installment due to Transworld 11,564,000 Expense Reimbursement from Transworld 291,000 Receivables from Entertainment Weekly 0 Receivables from Sub-leases 637,000 Prepaid expenses 0 Receivables from HilCo 652,000 Miscellaneous CC 73,000 Vendor Deposits 3,795,000 Pre-paid Rent 66,000 ------------ Total 73,190,000 ------------ Fixed Assets 0 Other assets Transport Logistic deposit 600,000 Utility and Tax Deposits 296,000 ------------ TOTAL ASSETS $74,086,000 ============ Liabilties & Shareholders' deficit Current liabilities Accounts payable Due to Transworld 779,000 Due to Deluxe 0 A/P 64,000 Other accrued liabilities Accrued Bank Fee 0 Accrued Insurance 0 HilCo payable 225,000 Logistic Accrual 415,000 Deferred Income 500,000 Insurance Reserve 4,663,000 Accrued Payroll & Employee Benefits: Accrued Vacation 874,000 Accrued Severance 2,804,000 Accrued Employer Payroll Taxes 773,000 Accrued Benefits 1,664,000 May Payroll Accrual 779,000 Sales Tax 522,000 5% Admin. Fee on Wachovia L/C 251,000 Miscellaneous 85,000 Gift Card liabilities 0 ------------ Total 14,398,000 ------------ DIP financing 0 Other LT Liabilities 0 Liabilities subject to compromise 352,958,000 Shareholders' deficit (293,270,000) ----------- TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT $74,086,000 ============ Musicland Holding Corp. Consolidated Statement of Operations For the Month Ended May 31, 2006 Merchandise revenue - Non-merchandise revenue - ------------ Net sales - Cost of good sold - ------------ Gross Profit - ------------ Store operating expenses Payroll - Occupancy - Other - ------------ Store expenses - Other operating expenses Net advertising expense - Logistics - Field administration & others - ------------ Operating expenses - ------------ General & administrative $1,168,000 ------------ EBITDA (Loss) (1,168,000) ------------ Hilco 340 Store GOB (1,078,000) Chapter 11 & related charges 8,397,000 Sale to Transworld (16,255,000) Hilco 65 (48,000) Media Play Wind down (444,000) Depreciation & Amortization 0 ------------ Operating income (Loss) (10,596,000) ------------ Interest income (expense) 316,000 Other non-operating charges (631,000) ------------ Earnings before Taxes (10,912,000) ------------ Income tax 215,000 ------------ Net earnings (Loss) ($11,127,000) ============ Musicland Holding Corp. Consolidated Statement of Cash Flow For the Month Ended May 31, 2006 Operating activities Net earnings (Loss) ($11,127,000) Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities 5,885,000 Changes in operating assets & liabilities Inventory 0 Other current assets 1,625,000 Accounts payable (1,399,000) Other operating liabilities (3,314,000) Gift card liability 0 Liabilities subject to compromise (1,421,000) ------------ Net cash provided by (used in) operating activities (9,751,000) ------------ Investing activities Change in other long term asset/liabilities - Retirement of fixed assets - ------------ Net cash provided by (used in) investing activities - ------------ Financing activities Revolver borrowings - ------------ Increase/decrease in cash (9,751,000) ------------ Cash at the beginning of Period 65,863,000 ------------ Cash at the end of Period $56,112,000 ============ Headquartered in New York City, Musicland Holding Corp., is a specialty retailer of music, movies and entertainment-related products. The Debtor and 14 of its affiliates filed for chapter 11 protection on Jan. 12, 2006 (Bankr. S.D.N.Y. Lead Case No. 06-10064). James H.M. Sprayregen, Esq., at Kirkland & Ellis, represents the Debtors in their restructuring efforts. Mark T. Power, Esq., at Hahn & Hessen LLP, represents the Official Committee of Unsecured Creditors. When the Debtors filed for protection from their creditors, they estimated more than US$100 million in assets and debts. (Musicland Bankruptcy News, Issue No. 13; Bankruptcy Creditors' Service, Inc., 215/945-7000) NEWPOWER HOLDINGS: Files Monthly Report for Period Ended April 30 ----------------------------------------------------------------- On June 15, 2006, NewPower Holdings, Inc., filed its Monthly Operating Report for the period from Mar. 31, 2006, to Apr. 30, 2006, with the U.S. Bankruptcy Court for the Northern District of Georgia, Newnan Division. The company reports an opening cash balance of $51,249,000 and a closing cash balance of $51,210,000. A full-text copy of NewPower Holdings, Inc.'s Monthly Operating Report for the period from Mar. 31, 2006, to Apr. 30, 2006, is available at no charge at http://ResearchArchives.com/t/s?c13 NewPower Holdings, Inc., and its debtor-affiliates filed for chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836). Paul K. Ferdinands, Esq., at King & Spalding and William M. Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the Debtors. When the Debtors filed for chapter 11 protection, they reported $231,837,000 in assets and $87,936,000 in debts. On Aug. 15, 2003, the United States Bankruptcy Court for the Northern District of Georgia, Newnan Division, confirmed the Second Amended Chapter 11 Plan with respect to NewPower Holdings, Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the Company. On Feb. 28, 2003, the Bankruptcy Court previously confirmed the Plan, and the Plan has been effective as of March 11, 2003, with respect to The New Power Company, a wholly owned subsidiary of the Company. The Plan became effective on Oct. 9, 2003, with respect to the Company and TNPC. REFCO INC: Files May 2006 Monthly Operating Report -------------------------------------------------- Refco, Inc., and its debtor-affiliates delivered to the United States Bankruptcy Court for the Southern District of New York a monthly statement of their cash receipts and disbursements for the period from May 1 to 31, 2006. Peter F. James, controller of Refco, reports that the company holds a beginning cash balance of $1,072,011,000 during the reporting period. Refco received $300,078,000 in cash and made a $14,557,000 disbursement. Refco's ending cash balance totals $1,357,532,000. As paying agent for certain non-debtors and Refco, LLC, the Debtors disbursed approximately $5,300,000. Refco paid $691,000 in gross wages, of which $319,000 was paid on Behalf of and reimbursed by the Non-Debtors and Refco LLC. Mr. James discloses that Refco withheld $1,172,000 of employee payroll taxes, of which $152,000 was remitted to a third party vendor. Mr. James states that all taxes due and owing, as well as tax returns, have been paid and filed for the current period. Refco paid $3,176,000 for professional fees for May, and $10,821,000 since the Petition Date. The Debtors did not pay professional fees on Refco LLC's behalf. Refco has filed the Monthly Report in lieu of comprehensive financial statements. A full-text copy of Refco's May 2006 Monthly Statement is available at no charge at http://ResearchArchives.com/t/s?bef Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Refco LLC's Operating Report for Period Ended Dec. 31 ---------------------------------------------------------------- Albert Togut, the Court-appointed Chapter 7 Trustee for the Refco, LLC estate, delivered to the U.S. Bankruptcy Court a monthly statement of cash receipts and disbursements for the period from November 25 to December 31, 2005. Mr. Togut relates that on October 9, 2005, after consultation by the Audit Committee of Refco, Inc., with its independent accountants, Refco determined that its financial statements, as of, and for the periods ended, February 28, 2002, February 28, 2003, February 28, 2004, February 28, 2005, and May 31, 2005, taken as a whole, should no longer be relied upon. As a result, Refco and its subsidiaries, including Refco LLC, did not issue financial statements since the Petition Date. On cash basis of accounting, Mr. Togut reports that Refco LLC has received cash totaling $840,265,000 and disbursed $181,776,000 during the Reporting Period. Refco LLC's ending cash balance as of December 31, 2005, totals $658,489,000. Refco LLC reimbursed $175,000 to Refco Capital LLC for gross payroll costs allocated to the company's estate for time spent by employees of other Refco entities relating to the administration of Refco LLC's Chapter 7 case. Mr. Togut states that Refco Capital is responsible for remitting all wages, withholding taxes and benefit payments to the appropriate entities and taxing authorities. Mr. Togut tells Judge Drain that as a limited liability company with a single member, Refco LLC is considered a "disregarded entity" for federal and state income tax purposes, and, therefore, has no liability for federal income tax and most other taxes. In connection with the Sale of Refco LLC's assets to Man Financial, Mr. Togut is continuing to review any tax liabilities that may have arisen in conjunction with that transaction. A full-text copy of Refco LLC's November-December 2005 Monthly Statement is available at no charge at: http://ResearchArchives.com/t/s?bf0 Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Refco LLC Files January 2006 Monthly Operating Report ---------------------------------------------------------------- In lieu of comprehensive financial statements, Albert Togut, the Court-appointed Chapter 7 Trustee for the Refco, LLC estate, filed a monthly statement of cash receipts and disbursements for the period from January 1 to 31, 2006. Mr. Togut reports that Refco LLC received $70,842,000 in cash and disbursed $3,223,000 during the Reporting Period. Refco LLC's ending balance totals $725,748,000. Refco LLC also reimbursed $36,000 to Refco Capital LLC for gross payroll costs allocated to the company's estate for time spent by employees of other Refco entities relating to the administration of Refco LLC's Chapter 7 case. A full-text copy of Refco LLC's January 2006 Monthly Statement is available at no charge at http://ResearchArchives.com/t/s?bf1 Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Refco LLC Files February 2006 Monthly Operating Report ----------------------------------------------------------------- Albert Togut, the Court-appointed Chapter 7 Trustee for the Refco, LLC estate, informs the Bankruptcy Court that the company is unable to issue comprehensive financial statements at this time. Accordingly, Mr. Togut has prepared on cash basis a monthly statement of cash receipts and disbursements for the period from February 1 to 28, 2006. Mr. Togut reports that Refco LLC received $6,574,000 in cash and disbursed $1,196,000 during the Reporting Period. The company's ending balance as of February 28, 2006, totals $730,327,000. Refco LLC reimbursed $36,000 to Refco Capital LLC for gross payroll costs. A full-text copy of Refco LLC's February 2006 Monthly Statement is available at no charge at http://ResearchArchives.com/t/s?bf2 Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Refco LLC Files March 2006 Monthly Operating Report -------------------------------------------------------------- Refco, LLC Chapter 7 Trustee Albert Togut reports that Refco LLC received $21,472,000 in cash and disbursed $3,165,000 for the period from March 1 to 31, 2006. Refco LLC's ending cash balance totals $748,634,000. Refco LLC reimbursed $33,000 to Refco Capital LLC for gross payroll costs during the Reporting Period. Mr. Togut prepared the Statement of Receipts and Disbursements in lieu of comprehensive financial statements. A full-text copy of Refco LLC's March 2006 Monthly Statement is available at no charge at http://ResearchArchives.com/t/s?bf3 Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Refco LLC Files April 2006 Monthly Operating Report -------------------------------------------------------------- Refco, LLC Chapter 7 Trustee Albert Togut filed a monthly statement of cash receipts and disbursements for the period from April 1 to 30, 2006. Mr. Togut tells Judge Drain that Refco LLC received $28,169,000 in cash and disbursed $7,103,000 during the period. The company's ending cash balance totals $768,367,000. Refco LLC reimbursed Refco Capital LLC, for $167,000 in gross payroll costs allocated to the Chapter 7 Debtor's estate for time spent by employees of other Refco, Inc. entities. Mr. Togut prepared the Statement of Receipts and Disbursements in lieu of comprehensive financial statements. A full-text copy of Refco LLC's April 2006 Monthly Statement is available at no charge at http://ResearchArchives.com/t/s?bf4 Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Lind-Waldock Files Schedules of Assets and Liabilities ----------------------------------------------------------------- A. Real property $0 B. Personal property 0 TOTAL SCHEDULED ASSETS $0 ==== C. Property claimed as exempt Not applicable D. Secured claims Bank of America, N.A. $642,000,000 E. Unsecured priority claims 0 F. Unsecured non-priority claims Wells Fargo Corporate Trust Services $390,000,000 Litigation Claims 0 TOTAL SCHEDULED LIABILITIES $1,032,000,000 =============== Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Refco Managed Futures Files Schedules of Assets & Debts ------------------------------------------------------------------ A. Real property $0 B. Personal property 0 TOTAL SCHEDULED ASSETS $0 ===== C. Property claimed as exempt Not applicable D. Secured claims Bank of America, N.A. $642,000,000 E. Unsecured priority claims 0 F. Unsecured non-priority claims Wells Fargo Corporate Trust Services $390,000,000 Refco Capital, LLC 3,345,960 Litigation Claims 0 TOTAL SCHEDULED LIABILITIES $1,035,345,960 =============== Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). REFCO INC: Westminster Files Schedules of Assets and Liabilities ---------------------------------------------------------------- A. Real property $0 B. Personal property B.13. Stock interests Investment in subsidiaries 1,888,642 B.16 Accounts receivable Refco Capital, LLC 29,388 Refco Fund Holdings, LLC 0 B.21 Other contingent and unliquidated claims TOTAL SCHEDULED ASSETS $1,918,030 =========== C. Property claimed as exempt Not applicable D. Secured claims Bank of America, N.A. $642,000,000 E. Unsecured priority claims 0 F. Unsecured non-priority claims Wells Fargo Corporate Trust Services $390,000,000 Intercompany liabilities: Refco Capital, LLC 0 Refco Fund Holdings, LLC 386,039 Litigation Claims 0 TOTAL SCHEDULED LIABILITIES $1,032,386,039 =============== Based in New York, New York, Refco Inc. -- http://www.refco.com/ -- is a diversified financial services organization with operations in 14 countries and an extensive global institutional and retail client base. Refco's worldwide subsidiaries are members of principal U.S. and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London and Singapore. In addition to its futures brokerage activities, Refco is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. Refco is one of the largest global clearing firms for derivatives. The Company and 23 of its affiliates filed for chapter 11 protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006). J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in their restructuring efforts. Luc A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP, represents the Official Committee of Unsecured Creditors. Refco reported $16.5 billion in assets and $16.8 billion in debts to the Bankruptcy Court on the first day of its chapter 11 cases. Refco LLC, an affiliate, filed for chapter 7 protection on Nov. 25, 2005 (Bankr. S.D.N.Y. Case No. 05-60134). Refco, LLC, is a regulated commodity futures company that has businesses in the United States, London, Asia and Canada. Refco, LLC, filed for bankruptcy protection in order to consummate the sale of substantially all of its assets to Man Financial Inc., a wholly owned subsidiary of Man Group plc. Three more affiliates of Refco, Westminster-Refco Management LLC, Refco Managed Futures LLC, and Lind-Waldock Securities LLC, filed for chapter 11 protection on June 6, 2006 (Bankr. S.D.N.Y. Case Nos. 06-11260 through 06-11262). (Refco Bankruptcy News, Issue No. 33; Bankruptcy Creditors' Service, Inc., 215/945-7000). SONICBLUE INC: Files April 2006 Monthly Operating Report -------------------------------------------------------- On June 20, 2006, SONICblue Incorporated reports that it is sitting on $78,604,892 of cash, has accrued $1,370,210 in postpetition liabilities and faces a $236,604,166 mountain of prepetition debts. A full-text copy of SONICblue Inc.'s April 2006 Operating Report is available at no charge at http://ResearchArchives.com/t/s?c14 Headquartered in Santa Clara, California, SONICblue Incorporated is involved in the converging Internet, digital media, entertainment and consumer electronics markets. The Company, together with three of its wholly owned subsidiaries, Diamond Multimedia Systems, Inc., ReplayTV, Inc., and Sensory Science Corporation, filed for chapter 11 protection on Mar. 21, 2003 (Bankr. N.D. Calif. Case Nos. 03-51775 to 03-51778). Craig A. Barbarosh, Esq., at the LAw Offices of Pillsbury Winthrop, represents the Debtors in their restructuring efforts. When the Debtors filed for protection from their creditors, they listed assets totaling $342,871,000 and debts totaling $335,473,000. WINN-DIXIE: Earns $36.5 Million in May 2006 ------------------------------------------- Winn-Dixie Stores, Inc., et al. Unaudited Consolidated Balance Sheet At May 31, 2006 (In Thousands) Assets Current Assets: Cash and cash equivalents $161,443 Marketable securities 14,285 Trade and other receivables, net 147,639 Insurance claims receivable 44,394 Income tax receivable 30,382 Merchandise inventories, net 448,810 Prepaid expenses and other current assets 36,042 Assets held for sale 30,885 ---------- Total current assets 913,880 Property, plant and equipment, net 513,072 Other assets, net 115,476 ---------- Total assets $1,542,428 ========== Liabilities and Shareholders' Deficit Current liabilities: Current borrowings under DIP Credit facility $40,000 Current portion of long-term debt 230 Current obligations under capital leases 3,487 Accounts payable 212,687 Reserve for self-insurance liabilities 88,296 Accrued wages and salaries 74,237 Accrued rent 29,730 Accrued expenses 111,719 Liabilities related to assets held for sale 6,835 ---------- Total current liabilities 567,221 Reserve for self-insurance liabilities 144,077 Long-term debt 184 Obligations under capital leases 4,125 Other liabilities 15,715 ---------- Total liabilities not subject to compromise 731,322 Liabilities subject to compromise 1,139,164 ---------- Total liabilities 1,870,486 Shareholders' deficit: Common stock 141,858 Additional paid-in capital 34,670 Accumulated deficit (470,606) Accumulated other comprehensive loss (33,980) ---------- Total shareholders' deficit (328,058) ---------- Total liabilities and shareholders' deficit $1,542,428 ========== Winn-Dixie Stores, Inc., et al. Unaudited Consolidated Statement of Operations Four Weeks Ended May 31, 2006 (In Thousands) Net sales $557,944 Cost of sales 408,070 ---------- Gross profit on sales 149,874 Other operating and administrative expenses 157,381 Restructuring gains (2,521) ---------- Operating loss (4,986) Interest expense, net 222 ---------- Loss before reorganization items and income taxes (5,208) Reorganization items, net gains (8,989) Income tax expense - ---------- Net earnings from continuing operations 3,781 Discontinued operations: Loss from discontinued operations (1,696) Gain on disposal of discontinued operations 34,434 Income tax expense - ---------- Net earnings from discontinued operations 32,738 ---------- Net earnings $36,519 ========== Winn-Dixie Stores, Inc., et al. Unaudited Consolidated Statement of Cash Flows Four Weeks Ended May 31, 2006 (In Thousands) Cash flows from operating activities Net earnings $36,519 Adjustment to reconcile net loss to net cash provided by operating activities: Gain on sales of assets, net (8,300) Reorganization items, net (8,989) Depreciation and amortization 7,770 Stock compensation plans 545 Change in operating assets and liabilities: Trade and other receivables 9,626 Merchandise inventories 9,329 Prepaid expenses and other current assets 8,520 Accounts payable (17,446) Reserve for self-insurance liabilities (1,172) Lease liability on closed facilities (41,536) Income taxes receivable 23 Defined benefit plan 352 Other accrued expenses 13,701 ---------- Net cash provided by operating activities before reorganization items 8,942 Cash effect of reorganization items (3,531) ---------- Net cash provided by operating activities 5,411 ---------- Cash flows from investing activities: Purchases of property, plant and equipment (2,960) Increase in investments and other assets (1,232) Proceeds from sales of assets 10,616 Purchases of marketable securities (1,304) Sales of marketable securities 272 Other 980 ---------- Net cash used in investing activities 6,372 ---------- Cash flows from financing activities Gross borrowings on DIP Credit Facility 154 Gross payments on DIP Credit Facility (1,123) Principal payments on capital lease obligations (119) Other 165 ---------- Net cash used in financing activities (923) ---------- Increase in cash and cash equivalents 10,860 Cash and cash equivalents classified as Assets held for sale (5,731) Cash and cash equivalents at beginning of period 156,314 ---------- Cash and cash equivalents at end of period $161,443 ========== Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the Southeastern United States and in the Bahamas and employs approximately 90,000 people. The Company, along with 23 of its U.S. subsidiaries, filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063, transferred Apr. 14, 2005, to Bankr. M.D. Fla. Case Nos. 05-03817 through 05-03840). D.J. Baker, Esq., at Skadden Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders, Esq., and Brian C. Walsh, Esq., at King & Spalding LLP, represent the Debtors in their restructuring efforts. Paul P. Huffard at The Blackstone Group, LP, gives financial advisory services to the Debtors. Dennis F. Dunne, Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B. Macdonald, Esq., at Akerman Senterfitt give legal advice to the Official Committee of Unsecured Creditors. Houlihan Lokey & Zukin Capital gives financial advisory services to the Committee. When the Debtors filed for protection from their creditors, they listed US$2,235,557,000 in total assets and US$1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News, Issue No. 41; Bankruptcy Creditors' Service, Inc., 215/945-7000) ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers' public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. A list of Meetings, Conferences and Seminars appears in each Wednesday's edition of the TCR. Submissions about insolvency- related conferences are encouraged. Send announcements to conferences@bankrupt.com/ On Thursdays, the TCR delivers a list of recently filed chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. For copies of court documents filed in the District of Delaware, please contact Vito at Parcels, Inc., at 302-658-9911. For bankruptcy documents filed in cases pending outside the District of Delaware, contact Ken Troubh at Nationwide Research & Consulting at 207/791-2852. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland, USA. Marie Therese V. Profetana, Shimero Jainga, Joel Anthony G. Lopez, Robert Max Quiblat, Emi Rose S.R. Parcon, Rizande B. Delos Santos, Cherry A. Soriano-Baaclo, Christian Q. Salta, Jason A. Nieva, Lucilo M. Pinili, Jr., Tara Marie A. Martin and Peter A. Chapman, Editors. Copyright 2006. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $725 for 6 months delivered via e- mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 240/629-3300. *** End of Transmission ***