EXHIBIT 99.1
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CONVERSE INC.
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Schedule of Cash Receipts & Disbursements Form MOR1 Actual Actual Actual Total
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$=thousands 1/22-1/27 1/28-2/24 2/25-3/31 1/22-3/31
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-
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XXX XXX MAR
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CASH RECEIPTS:
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Domestic Accounts 2,413 5887 10008 18,308
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Outlet Stores 255 1227 1533 3,015
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Int'l Distributors 2,315 1555 6839 10,709
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Subs- Europe 0 0 0 0
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Iberia 0 0 0 0
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Mexico 0 0 0 0
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Japan(CJI) 0 0 0 0
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Royalty Receipts 119 2411 385 2,915
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Other Receipts 127 116 243
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TOTAL RECEIPTS 5,102 11,207 18,881 35,190
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DISBURSEMENTS:
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Accounts Payable
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Raw Materials 69 188 111 368
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Duties/Customs 96 745 903 1,744
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Other Disbursements 14 920 1549 2,483
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Traffic 45 416 584 1,045
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Advertising/Mktg 0 287 75 362
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Player Contracts 0 59 42 101
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Rent 0 252 268 520
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Capital Expenditures 0 0 0 0
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Income/Frchise Tax Pmts 0 0 0 0
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Float Adjustment (224) (780) 214 (790)
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Total Accounts Payable 0 2,087 3,746 5,833
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Foreign Fnshd Gds-L/C 1,141 6738 7665 15,544
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FFG-Open Acct 0 0 0 0
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Payroll 0 1605 2484 4,089
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Tax Payments 317 1053 1264 2,634
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Europe 0 0 0 0
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Mexico 0 0 0 0
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Japan 0 19 113 132
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Singapore 0 96 62 158
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Other 224 853 1190 2,267
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Restructuring Fees 0 65 52 117
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TOTAL CASH
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DISBURSEMENTS 1,682 12,516 16,576 30,774
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NET CASH REC/DSB
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BEFORE BA FIN 3,420 (1,309) 2,305 4,416
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Actual Actual Actual Total
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1/22-1/27 1/28-2/24 2/25-3/31 1/22-3/31
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-
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ADD BA FINANCING 1,119 6,583 7,529 15,231
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LESS BA MATURITY 473 2,343 4,921 7,737
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NET CASH REC/DSB
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AFTER BA FINANCING 4,066 2,931 4,913 11,910
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PAYROLL BKDWN. M 0 0 0
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(ACHed prior day T 0 0 0
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for value..) W 0 0 0
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Th 0 0 0
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F 0 0 0
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INTEREST/FEES:
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BANKS 19 325 677 1,021
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NOTEHOLDERS 370 877 1,247
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CONVERTIBLE NOTES 0
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DIP FEE 393 393
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PROCEEDS SALE OF BLDG 0 0
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REVOLVER BALANCE 34,983 32747 29781 29781
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LETTERS OF CREDIT
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ADD: 0 3397 4542 7,939
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SUBTRACT: 1,140 6736 7756 15,632
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TOTAL L/C 9,099 5760 2546 2546
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BA REFINANCING
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ADD: 1,119 6583 7529 15,231
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SUBTRACT: 473 2342 4920 7,735
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TOTAL B/A REFI 11,345 15584 18193 18193
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STANDBY L/C 828 828 828 828
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TOTAL LINE UTILIS. 56,255 54920 51348 51348
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2
CONVERSE INC. CONSOLIDATED BALANCE SHEET
CONVERSE INC. (DEBTOR) AND SUBSIDIARIES (NON-DEBTOR)
JANUARY 2001
Ending Balance
1/27/01
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ASSETS
CURRENT ASSETS
Cash and cash equivalents 2,558,772
Accounts receivables 33,775,523
Receivable from subsidiaries -
Inventories 39,903,680
Prepaid expenses and other current assets 2,901,693
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Total current assets 79,139,668
Net property, plant and equipment 5,953,382
Investment in subsidiaries -
Other assets 10,513,887
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95,606,937
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LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIENCY)
Current liabilities:
Credit facility 46,328,378
Current portion long-term debt 102,907,687
Notes payable (158,870)
Accounts payable 40,783,999
Accrued expenses 16,710,215
Income taxes payable 6,339,566
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Total current liabilities 212,910,975
Current assets in excess of reorganization value 23,892,791
Stockholders' equity (deficiency):
Common stock 17,535,556
Additional paid in capital 4,449,390
Unearned compensation (245,010)
Retained deficit (161,305,534)
Cumulative currency translation adjustment (1,631,231)
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Total stockholders' equity (deficiency) (141,196,829)
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95,606,937
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3
CONVERSE INC. CONSOLIDATED INCOME STATEMENT
CONVERSE INC. (DEBTOR) AND SUBSIDIARIES (NON-DEBTOR)
MONTH OF JANUARY 2001
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Month of Jan. 2001
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Net revenue 13,840,786
Cost of sales 9,827,419
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Gross profit 4,013,367
Selling, general and administrative expenses 3,695,079
Royalty income 1,539,512
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Earnings from operations 1,857,800
Interest expense 2,069,775
Other (income) expense, net 606,396
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Net income before income tax (818,371)
Income tax expense 228,815
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Net income (1,047,186)
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4
