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Quotes & Info
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| TRXAQ.PK > SEC Filings for TRXAQ.PK > Form 8-K on 14-Oct-2009 | All Recent SEC Filings |
14-Oct-2009
Regulation FD Disclosure, Other Events
Unaudited Balance Sheet and Projected Balance Sheet
August 2009 Balance Sheet December 31, 2009 Projected Balance Sheet
(in millions of dollars) (in millions of dollars)
Assets Liabilities & Equity Assets Liabilities & Equity
Account Amount Account Amount Account Amount Account Amount
Debtor-in-possession Debtor-in-possession
Cash $ 79.5 financing $ 54.2 Cash $ 97.3 financing $ 54.2
Operating A/R - Net 225.2 Accounts Payable 95.0 Operating A/R - Net 181.6 Accounts Payable 92.4
Inventory 229.0 Accrued Liabilities 90.9 Inventory 238.8 Accrued Liabilities 88.3
Prepaid and Other Current Long Term Prepaid and Other Current Long Term
Assets 36.9 Debt 212.6 Assets 38.5 Debt 212.6
Liab. Subject to Liab. Subject to
ST Environmental A/R 5.7 Compromise (1) 430.4 ST Environmental A/R 5.7 Compromise (1) 430.4
Other Current Other Current
Other Current Assets 1.6 Liabilities 6.4 Other Current Assets 1.6 Liabilities 4.7
Total Current Total Current
Total Current Assets $ 577.9 Liabilities $ 889.5 Total Current As sets $ 563.5 Liabilities $ 882.6
Environmental Environmental
LT Environmental A/R 54.8 Liabilities (2) 154.0 LT Environmental A/R 55.6 Liabilities (2) 143.3
Property Plant & Long Term Debt - Net Property Plant & Long Term Debt - Net
Equip. - Net 306.7 (1) - Equip. - Net 292.9 (1) -
Other Long Term Other Long-Term Other Long Term
Other Long-Term Assets 82.8 Liabilities 128.6 Assets 53.0 Liabilities 126.8
Total Equity (149.9 ) Total Equity (187.6 )
Total Liabilities & Total Liabilities &
Total Assets $ 1,022.2 Equity $ 1,022.2 Total Assets $ 965.0 Equity $ 965.0
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(1) The Company's $350 million Sr. Sub. Notes have been classified as Liabilities Subject to Compromise. The Debtors' liabilities subject to compromise amount shown on the balance sheet will change as the Debtors review, analyze, liquidate and object to numerous claims filed in the Chapter 11 proceeding.
(2) Subject to the previous 8-K filed on May 5, 2009 under Item 4.02 Non-reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review regarding the Company's environmental legacy liabilities.
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