10000017567

CASH FLOW PROJECTION
YCST01:11198132.1
070242.1001
PERKINS & MARIE CALLENDER'S INC.

13 WEEK CASH FLOW PROJECTION (2)
Opening Bank Balances
13-Jun
20-Jun
27-Jun
4-Jul
7,012,344
5,218,068
2,059,196
1,917,972
2,829,002 2,173,685 2,057,025
2,000,000
2,500,000
(100,000)
(2,006,192)
(2,868,915)
(475,000)
(267,000)
(2,363,600)
(600,000)
(118,000)
(2,588,000)
(1,729,000)
(13,115,707)
(100,000)
(1,736,868)
(3,698,600)
(392,285)
(510,000)
(327,000)
(193,200)
(367,350)
(72,000)
(1,320,000)
(940,000)
(9,657,303)
(100,000)
(1,565,668)
(1,999,000)
(535,000)
(470,000)
(247,000)
(18,600)
(303,180)
(72,000)
(803,260)
(643,625)
(6,757,333)
(100,000)
(1,793,800)
(2,918,000)
(835,000)
(505,000)
(247,000)
(216,900)
(328,400)
(55,000)
(1,279,000)
(433,975)
(8,712,075)
Revolver/DIP Borrowing (1)

Repay to Gift Card Accounts
USF ACH
Payroll & Payroll Taxes
Rent
Utilities
Medical/Work Comp Insurance
Sales & Income Tax
Foxtail AP (Checks Clearing)
Foxtail - Corona Checks Clearing
Perkins AP
Marie AP
Subtotal Operating Expenses/Disbursements
(100,000)
(2,113,100)
(3,799,804)
(135,724)
(550,000)
(247,000)
(435,850)
(150,000)
(26,000)
(966,000)
(855,300)
(9,378,778)
11-Jul
18-Jul
25-Jul
2,000,000 1,500,000
(100,000)
(1,586,400)
(2,743,700)
(511,900)
(267,000)
(628,510)
(328,400)
(55,000)
(1,225,000)
(790,000)
(8,235,910)
(100,000)
(1,610,300)
(3,550,800)
(96,500)
(383,900)
(327,000)
(145,440)
(328,400)
(55,000)
(1,225,000)
(790,000)
(8,612,340)
Perkins Store Funds

Marie Store Funds
Perkins Commercial Deposits
Foxtail Commercial Deposits
Marie Commercial Deposits
Other
Subtotal Operating Inflows/Revenues
5,232,600
2,471,902
565,000
580,000
255,000
9,104,502
4,838,200
1,850,385
640,000
580,000
255,000
3,250
8,166,835
4,638,200
1,938,129
565,000
580,000
255,000
(250)
7,976,079
4,847,200
1,810,163
452,000
464,000
204,000
11,000
7,788,363
4,637,900
1,799,808
1,175,000
544,050
300,000
(30,000)
8,426,758
4,703,000
1,613,900
525,000
544,050
300,000
3,300
7,689,250
4,705,600
1,644,700
450,000
544,050
300,000
7,644,350
General Expenses (3)

Capital Expenditures
Closed Store Severance/Vacation
Professional Fees
Utility Deposits
Store Closing Expenses
ConAgra Proceeds
(120,000)
(1,400,000)

(120,000)
(120,000)
(120,000)
(250,000)

(120,000)
(250,000)
(1,200,000)
(120,000)
(250,000)

Interest Payments
Subtotal Restructuring Expenses
(120,000)

(750,000)
(90,000) (90,000)
(1,520,000) (210,000) (960,000) (120,000) (370,000) (1,570,000) (370,000)
Period operating activity
(1,794,276) (5,158,872) (2,641,224) 911,030
(655,317) (2,116,660) (1,337,990)
Closing Bank Balances
5,218,068
2,059,196
1,917,972
2,829,002
2,173,685 2,057,025 2,219,035
Total DIP Revolving Credit Facility (1)

Revolver/DIP Balance
Pre-Petition Loan Balance
Lender Fees & Interest Charged to Revolver
Outstanding Letters of Credit
21,000,000
200,000
10,058,760
21,000,000
2,200,000
10,058,760
21,000,000
4,700,000
10,058,760
21,000,000
4,700,000
51,268
10,058,760
21,000,000
4,751,268
10,058,760
Remaining DIP Availability
10,741,240
8,741,240
6,241,240
6,189,972
6,189,972 4,189,972 2,689,972
CUMULATIVECASHRECEIPTS
9,104,502
17,271,337
25,247,416
33,035,779
41,462,537 49,151,787 56,796,137
CUMULATIVEDISBURSEMENTS
(10,898,778) (24,224,485) (34,841,788) (41,719,121) (50,801,196) (60,607,106) (69,589,446)
21,000,000
6,751,268
10,058,760
21,000,000
8,251,268
10,058,760
(1)ContemplatedDIPfacility
(2)Aftergivingeffecttoproposedstoreclosings
(3)Subjecttoreview/courtapproval
CUMULATIVEVARIANCE

Total
1-Aug
8-Aug
15-Aug
22-Aug
29-Aug
2,219,035
2,021,180
1,759,290
2,186,127
1,964,497

USF ACH
Rent
Utilities
Sales & Income Tax
Perkins AP
Marie AP
(1,600,400)
(2,681,000)
(872,785)
(391,100)
(247,000)
(303,280)
(317,240)
(55,000)
(675,050)
(563,950)
(7,706,805)
(1,685,800)
(2,794,000)
(789,000)
(390,900)
(247,000)
(145,240)
(272,600)
(55,000)
(1,035,050)
(470,200)
(7,884,790)
(1,684,200)
(2,600,000)
(449,500)
(267,000)
(1,081,214)
(272,600)
(55,000)
(950,000)
(696,250)
(8,055,764)
(1,660,500)
(2,763,700)
(403,300)
(327,000)
(625,780)
(272,600)
(55,000)
(950,000)
(696,250)
(7,754,130)
(1,587,700)
(2,727,200)
(392,285)
(203,900)
(247,000)
(45,900)
(272,600)
(55,000)
(616,640)
(628,300)
(6,776,525)
Interest Payments
Perkins Store Funds

Marie Store Funds
Other
4,910,000
1,677,900
450,000
544,050
300,000
(3,000)
7,878,950
4,895,300
1,655,600
550,000
651,000
285,000
(44,000)
7,992,900
4,812,300
1,654,300
550,000
651,000
285,000
7,952,600
4,603,800
1,617,700
625,000
651,000
285,000
7,782,500
4,339,000
1,586,100
550,000
651,000
285,000
7,411,100

Professional Fees
Utility Deposits
ConAgra Proceeds
(120,000)
(250,000)
(120,000)
(250,000)

(120,000)
(250,000)

(600,000)
(250,000)

6/13 - 9/11
2,349,072 7,012,344
1,500,000
5-Sep
9,500,000
(1,616,300)
(2,722,500)
(960,000)
(352,900)
(247,000)
(11,700)
(371,180)
(55,000)
(868,280)
(312,100)
(7,516,960)
(700,000)
(22,247,228)
(37,867,219)
(5,008,579)
(5,597,400)
(3,511,000)
(6,215,214)
(4,184,550)
(783,000)
(14,501,280)
(9,548,950)
(110,164,420)
4,756,500
1,609,700
400,000
483,600
156,000
(42,000)
7,363,800
61,919,600
22,930,287
7,497,000
7,467,800
3,465,000
(101,700)
103,177,987
(250,000) (250,000)

(1,200,000)
(2,250,000)
(1,400,000)
(1,800,000)
(750,000)
(180,000)

(370,000) (370,000) (970,000) (250,000) (250,000) (250,000) (7,580,000)
(197,855) (261,890) (1,073,164) (221,630) 384,575
(403,160) (14,566,433)
2,021,180
1,759,290
2,186,127
1,964,497
2,349,072
1,945,912 1,945,912

21,000,000
8,251,268
60,652
10,058,760
21,000,000
8,311,920
10,058,760
21,000,000
9,811,920
10,058,760
21,000,000
9,811,920
10,058,760
21,000,000
9,811,920
66,151
10,058,760
21,000,000 21,000,000
9,878,071 9,878,071
10,058,760 10,058,760
2,629,320
2,629,320
1,129,320
1,129,320
1,063,169
1,063,169 1,063,169
64,675,087
72,667,987
80,620,587
88,403,087
95,814,187
103,177,987 206,355,974
(77,666,251) (85,921,041) (94,946,805) (102,950,935) (109,977,460) (117,744,420) (235,488,839)
CUMULATIVEVARIANCE

12-Sep
19-Sep
26-Sep
3-Oct
10-Oct
1,945,912
1,767,032
2,098,082
2,656,557
3,973,757
24-Oct
31-Oct
4,826,177
(1,000,000) (1,000,000) (1,000,000) (1,000,000)

USF ACH
Rent
Utilities
Sales & Income Tax
Perkins AP
Marie AP
17-Oct
3,542,757 4,428,217
(1,671,000)
(2,699,000)
(407,000)
(352,900)
(247,000)
(518,400)
(272,600)
(55,000)
(850,000)
(312,100)
(7,385,000)
(1,508,000) (1,665,000)
(1,936,000) (2,747,000)
(392,285)
(393,350) (386,340)
(247,000) (247,000)
(1,240,000) (157,500)
(272,600) (272,600)
(55,000) (55,000)
(850,000) (517,000)
(450,000) (312,100)
(6,951,950) (6,751,825)
(1,745,000)
(1,893,000)
(960,000)
(393,900)
(247,000)
(272,600)
(55,000)
(868,280)
(312,100)
(6,746,880)
(1,926,000)
(2,735,000)
(407,000)
(421,700)
(247,000)
(8,500)
(272,600)
(55,000)
(850,000)
(450,000)
(7,372,800)
(1,754,000) (1,843,000) (1,952,000)

(1,851,000) (2,865,000) (2,302,000)
(1,352,285)
(510,500) (352,000) (36,200)
(247,000) (247,000) (247,000)
(87,000)
(1,104,000)
(272,600) (272,600) (272,600)
(55,000) (55,000) (55,000)
(950,000) (875,000) (950,000)
(450,000) (450,000) (312,100)
(6,177,100) (6,959,600) (8,583,185)
4,267,400
1,610,000
500,000
658,720
170,000
7,206,120
4,474,000
1,650,000
480,000
529,000
150,000
7,283,000
4,520,000
1,746,900
300,000
593,400
150,000
7,310,300
4,620,000
2,120,000
600,000
666,080
100,000
(42,000)
8,064,080
4,500,000
2,069,000
400,000
772,800
200,000
7,941,800
4,637,000
2,197,000
550,000
453,560
225,000
8,062,560
4,660,000
2,176,000
450,000
821,560
250,000
8,357,560
4,706,000
2,071,000
670,000
801,320
250,000
8,498,320
(178,880) 331,050
558,475
1,317,200
569,000
1,885,460 1,397,960
(84,865)
1,767,032
2,098,082
2,656,557
3,973,757
3,542,757
4,428,217 4,826,177
3,741,312

21,000,000
9,878,071
10,058,760
21,000,000
9,878,071
10,058,760
21,000,000
9,878,071
72,243
10,058,760
21,000,000
9,950,315
10,058,760
21,000,000
8,950,315
10,058,760
21,000,000
7,950,315
10,058,760
21,000,000
6,950,315
10,058,760
21,000,000
5,950,315
65,039
10,058,760
1,063,169
1,063,169
1,063,169
990,925
1,990,925
2,990,925 3,990,925
4,990,925
Interest Payments
Perkins Store Funds
Marie Store Funds
Other
Professional Fees
Utility Deposits
ConAgra Proceeds
CUMULATIVEVARIANCE

7-Nov
14-Nov
21-Nov
28-Nov
5-Dec
3,741,312
1,822,312
3,844,952
3,824,512
2,006,847
(1,000,000) (1,000,000) (1,000,000)
1,000,000

USF ACH
Rent
Utilities
Sales & Income Tax
Perkins AP
Marie AP
(2,060,000)
(2,763,000)
(407,000)
(352,000)
(247,000)
(676,000)
(272,600)
(55,000)
(950,000)
(450,000)
(8,232,600)
(2,002,000) (3,003,000) (2,802,000)

(1,917,000) (2,565,000) (2,354,000)
(392,285)
(347,000) (235,000) (281,000)
(247,000) (247,000) (247,000)
(28,000) (644,000) (12,000)
(272,600) (272,600) (272,600)
(55,000) (55,000) (55,000)
(950,000) (880,000) (950,000)
(450,000) (450,000) (312,100)
(6,268,600) (8,351,600) (7,677,985)
(1,350,000)
(3,277,000)
(1,367,000)
(276,000)
(247,000)
(44,000)
(272,600)
(55,000)
(868,280)
(312,100)
(8,068,980)
(286,300)
(247,000)
(133,000)
(272,600)
(55,000)
(868,280)
(312,100)
(5,540,280)
(180,000)
(247,000)
(128,000)
(272,600)
(55,000)
(868,280)
(312,100)
(6,635,980)
(158,000)
(247,000)
(483,000)
(272,600)
(55,000)
(950,000)
(312,100)
(7,008,700)
4,323,000
1,845,000
350,000
487,600
350,000
(42,000)
7,313,600
5,272,000
2,551,000
350,000
618,240
500,000
9,291,240
4,380,000
3,978,000
250,000
573,160
150,000
9,331,160
6,254,000
3,948,000
600,000
1,698,320
500,000
13,000,320
19-Dec
26-Dec
4,584,000
1,755,000
350,000
591,560
325,000
(42,000)
7,563,560
4,398,000
1,951,000
475,000
1,414,960
400,000
8,638,960
5,136,000
2,471,000
200,000
249,320
450,000
8,506,320
5,504,000
3,140,000
700,000
249,320
275,000
9,868,320
(919,000) 3,022,640
979,560
(1,817,665) (505,420) 3,098,680 1,870,340
2,859,620
1,822,312
3,844,952
3,824,512
2,006,847
2,501,427
5,600,107 6,470,447
7,530,067

21,000,000
5,015,354
10,058,760
21,000,000
4,015,354
10,058,760
21,000,000
3,015,354
10,058,760
21,000,000
3,015,354
57,630
10,058,760
21,000,000
4,072,984
10,058,760
21,000,000
4,072,984
10,058,760
21,000,000
3,072,984
10,058,760
21,000,000
1,272,984
10,058,760
5,925,886
6,925,886
7,925,886
7,925,886
6,868,256
6,868,256 7,868,256
9,668,256
6,470,447
(1,000,000) (1,800,000)
(1,490,000) (1,690,000) (2,612,000)
(1,876,000) (2,883,000) (1,919,000)
(7,140,000)
Interest Payments
Perkins Store Funds
Marie Store Funds
Other
12-Dec
2,501,427 5,600,107

Professional Fees
Utility Deposits
ConAgra Proceeds
CUMULATIVEVARIANCE
CERTIFICATE OF INSURANCE
YCST01:11198132.1
070242.1001
ORDER AUTHORIZING CONTINUED USE OF CASH MANAGEMENT SYSTEM
YCST01:11198132.1
070242.1001
SCHEDULE OF RETAINERS PAID
YCST01:11198132.1
070242.1001
In re: Perkins & Marie Callender's Inc., et al.
Case No. 11-11795 (KG)

Reporting Period: Initial Operating Report
Debtors
SCHEDULE OF RETAINERS PAID TO PROFESSIONALS

(This schedule is to include each Professional paid a retainer)
Payee
Troutman Sanders LLP
Check
Name of Payor
Date
Number
2/18/2011 1221134 Perkins & Marie Callender's Inc.
4/20/2011 1227936 Perkins & Marie Callender's Inc.
6/8/2011
ACH Perkins & Marie Callender's Inc.
Young Conaway Stargatt & Taylor, LLP
4/29/2011
Whitby, Santarlasci & Co.
Amount
150,000.00
150,000.00
150,000.00
Amount Applied to
Date
150,000.00
150,000.00
118,000.00
Balance
0.00
0.00
32,000.00
Wire Perkins & Marie Callender's Inc.
40,000.00
39,826.25
173.75
4/15/2011
135,000.00
25,999.92
109,000.08
Omni Management Group, LLC
6/10/2011
25,028.00
0.00
25,028.00
Akin Gump Strauss Hauer & Feld LLP*

Akin Gump Strauss Hauer & Feld LLP*
5/20/2011
6/9/2011

100,000.00
200,000.00
0.00
0.00
100,000.00
200,000.00
*The Debtors have not yet been able to confirm what portion, if any, of the retainer has been applied to date

10000017567

Hochgeladen von

Dokumentinformationen

Originalbeschreibung:

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

10000017567

Hochgeladen von

Copyright:

Verfügbare Formate

CASH FLOW PROJECTION

PERKINS & MARIE CALLENDER'S INC.

Opening Bank Balances

2,829,002 2,173,685 2,057,025

Revolver/DIP Borrowing (1)

Perkins Store Funds

General Expenses (3)

Subtotal Restructuring Expenses

(1,520,000) (210,000) (960,000) (120,000) (370,000) (1,570,000) (370,000)

Period operating activity

(1,794,276) (5,158,872) (2,641,224) 911,030

(655,317) (2,116,660) (1,337,990)

Closing Bank Balances

2,173,685 2,057,025 2,219,035

Total DIP Revolving Credit Facility (1)

Remaining DIP Availability

6,189,972 4,189,972 2,689,972

41,462,537 49,151,787 56,796,137

(10,898,778) (24,224,485) (34,841,788) (41,719,121) (50,801,196) (60,607,106) (69,589,446)

PERKINS & MARIE CALLENDER'S INC.

Repay to Gift Card Accounts

Perkins Store Funds

General Expenses (3)

Opening Bank Balances

Revolver/DIP Borrowing (1)

Subtotal Restructuring Expenses

(370,000) (370,000) (970,000) (250,000) (250,000) (250,000) (7,580,000)

Period operating activity

(197,855) (261,890) (1,073,164) (221,630) 384,575

Closing Bank Balances

Total DIP Revolving Credit Facility (1)

Remaining DIP Availability

(77,666,251) (85,921,041) (94,946,805) (102,950,935) (109,977,460) (117,744,420) (235,488,839)

PERKINS & MARIE CALLENDER'S INC.

Opening Bank Balances

(1,000,000) (1,000,000) (1,000,000) (1,000,000)

Revolver/DIP Borrowing (1)

(1,754,000) (1,843,000) (1,952,000)

Period operating activity

Closing Bank Balances

Total DIP Revolving Credit Facility (1)

Remaining DIP Availability

PERKINS & MARIE CALLENDER'S INC.

Opening Bank Balances

Revolver/DIP Borrowing (1)

(1,000,000) (1,000,000) (1,000,000)

Repay to Gift Card Accounts

(2,002,000) (3,003,000) (2,802,000)

Period operating activity

(1,817,665) (505,420) 3,098,680 1,870,340

Closing Bank Balances

Total DIP Revolving Credit Facility (1)

Remaining DIP Availability

General Expenses (3)

ORDER AUTHORIZING CONTINUED USE OF CASH MANAGEMENT SYSTEM

SCHEDULE OF RETAINERS PAID

In re: Perkins & Marie Callender's Inc., et al.

Case No. 11-11795 (KG)

SCHEDULE OF RETAINERS PAID TO PROFESSIONALS

Young Conaway Stargatt & Taylor, LLP

Whitby, Santarlasci & Co.

Wire Perkins & Marie Callender's Inc.

ACH Perkins & Marie Callender's Inc.