SECURITIES AND EXCHANGE COMMISSION  

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549
 
 

FORM 8-K

CURRENT REPORT
 
 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934
 
 

Date of Report:  February 7, 2003

(Date of earliest event reported)
 
 

UAL CORPORATION

(Exact name of registrant as specified in its charter)



 
 

Delaware
1-6033
36-2675207
(State or other jurisdiction of incorporation)
(Commission
  File Number)
(I.R.S. Employer
   Identification No.)

 
 
 
1200 Algonquin Road, Elk Grove Township, Illinois
  60007
(Address of principal executive offices)
(Zip Code)

 

                                    Registrant's telephone number, including area code:  (847) 700-4000
 
 

Not Applicable

(Former name or former address, if changed since last report)








ITEM 9.            OTHER EVENTS AND REGULATION FD DISCLOSURE.

UAL Corporation filed its monthly operating report for the period commencing December 9, 2002 and ended December 31, 2002 (the "Operating Report") with the United States Bankruptcy Court for the Northern District of Illinois Eastern Division, a copy of which is attached hereto as Exhibit 99.1, in connection with its voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Bankruptcy Code in Case Nos. 02-48191 through 02-48218.

Certain information contained in this Form 8-K and attached exhibit should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements reflect UAL Corporation's current views with respect to certain current and future events and financial performance.  Such forward-looking statements are and will be, as the case may be, subject to many risks and uncertainties relating to the operations and business environments of UAL Corporation and its subsidiaries (collectively, the "company") that may cause the actual results of the company to be materially different from any future results expressed or implied in such forward-looking statements.  Such factors include, but are not limited to, the following: the company's ability to continue as a going concern; the company's ability to operate pursuant to the terms of the debtor-in-possession facility; the company's ability to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted by it from time to time; the company's ability to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; the company's ability to achieve necessary reductions in labor costs; the company's ability to obtain and maintain normal terms with vendors and service providers; the company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the Chapter 11 cases on the company's liquidity or results of operations; the costs and availability of financing; the company's ability to execute its business plan; the company's ability to attract, motivate and/or retain key employees; the company's ability to attract and retain customers; demand for transportation in the markets in which the company operates; general economic conditions; the effects of any hostilities or act of war (in the Middle East or elsewhere) or any terrorist attack; the ability of other air carriers with which the company has alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; the costs and availability of aircraft insurance; the costs of aviation fuel; the costs associated with existing or future security measures and practices; competitive pressures on pricing (particularly from lower-cost competitors); government legislation and regulation; consumer perceptions of the company's products; weather conditions; and other risks and uncertainties set forth from time to time in UAL's reports to the United States Securities and Exchange Commission.  The company disclaims any intent or obligation to update or alter any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise.
 
 
 
 
 
 

ITEM 7.            FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibit            Description

      99.1               Monthly Operating Report of UAL Corporation for the period December 9, 2002 through December 31, 2002

 
 
 
SIGNATURES




         Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
  

  UAL CORPORATION
   
   
   
By:
/s/ Francesca M. Maher
Name:
Francesca M. Maher
Title:
Senior Vice President, 
  General Counsel and Secretary

 
 
 
 

Dated:  February  6, 2003

Exhibit 99
Exhibit 99.1

 

IN THE UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION

IN RE:
CHAPTER 11
UAL CORPORATION, ET AL.
CASE NUMBERS : 02-48191 through 02-48218
DEBTORS
Jointly Administered
Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
DECEMBER 9, 2002 THROUGH DECEMBER 31, 2002

 
 
 
 
 
 
 
IN RE:
CHAPTER 11
UAL CORPORATION ET AL.
CASE NUMBERS : 02-48191 through 02-48218
DEBTORS
Jointly Administered
Hon. Eugene R. Wedoff
MONTHLY OPERATING REPORT FOR THE PERIOD
DECEMBER 9, 2002 THROUGH DECEMBER 31, 2002
DEBTOR'S ADDRESS: UAL Corporation
1200 East Algonquin Road
Elk Grove Township, IL 60007
DEBTOR'S ATTORNEYS: James H. M. Sprayregen, P.C. (ARDC No. 6190206)
Marc Kieselstein (ARDC No. 6199255)
David R. Seligman (ARDC No. 0238064)
Steven R. Kotarba (ARDC No. 6245278)
KIRKLAND & ELLIS
200 East Randolph Street
Chicago, IL 60601
(312) 861-2000 (telephone)
(312) 861-2200 (facsimile)
Counsel for the Debtors and Debtors In Possession
REPORT PREPARER: UAL Corporation et al
I declare under penalty of perjury that the information contained in this monthly operating report (including attached schedules) is true and correct to the best of my knowledge, information and belief.
Dated: 1/31/03 DEBTOR-IN-POSSESSION
Print Name/Title: Frederic F. Brace; CFO
Signature: /s/ Frederic F. Brace
Address: 1200 East Algonquin Road
Elk Grove Township, IL 60007
Phone: 

 
 
 
 
 
 
 
 
I. Table of Contents
II. UAL Corp. Unaudited Consolidated Financial Statements 
A. Condensed Consolidated Statement of Operations (Discloses both filing and non-filing entities)
B. Condensed Consolidated Balance Sheet (Form 10_K to be filed by March 31, 2003) 
C. Condensed Consolidated Statement of Cash Flows (Form 10_K to be filed by March 31, 2003)
III. Summary of Cash Receipts and Cash Disbursements
A. Unaudited Consolidated Receipt Summary
B. Unaudited Disbursements by Legal Filing Entity and Summary
IV.  Additional Schedules
A. Insurance - - Certifications
B. Payments to Insiders - Certification
C. Description of Tax Trusts / Escrows
D. Payments to Secured Creditors and Lessors
E. Professional Fee Payments
F. Accounts Receivable Schedule and Accounts Payable Schedule
G. Bank Accounts and Financial Institution Relationships
V. Tax Questionnaire

 
 
UAL Corporation, et al -Filing Entities
Legal Filing Entity
Reporting Structure
1
UAL Corporation
X-1
2
United Air Lines, Inc.
X-1
3
UAL Company Services, Inc.
X-1
4
UAL Loyalty Services, Inc.
X-1
5
Confetti Inc.
X-4
6
Mileage Plus Holdings, Inc.
X-4
7
Mileage Plus Marketing, Inc.
X-6
8
MyPoints.com, Inc.
X-4
9
Cybergold, Inc.
X-8
10
iTarget, Inc.
X-8
11
MyPoints Offline Services, Inc.
X-8
12
UAL Benefits Management Inc.
X-1
13
United BizJet Holdings, Inc.
X-1
14
BizJet Charter, Inc.
X-13
15
BizJet Fractional, Inc.
X-13
16
BizJet Services, Inc.
X-13
17
Kion Leasing, Inc.
X-2
18
Premier Meeting and Travel Services, Inc.
X-2
19
United Aviation Fuels Corporation
X-2
20
United Cogen, Inc.
X-2
21
Mileage Plus, Inc.
X-2
22
United GHS Inc.
X-2
23
United Worldwide Corporation
X-2
24
United Vacations, Inc.
X-2
25
Four Star Leasing, Inc.
X-1
26
Air Wis Services, Inc.
X-1
27
Air Wisconsin, Inc.
X-26
28
Domicile Management Services, Inc.
X-26

 
 
 
Filed -1
Filed -12
Non-Filed
Filed - 25
Filed - 4,5,6,7,8,9,10,11
Filed - 26, 27, 28
Filed -13,14,15,16
UNITED
UAL
UAL BMI
FOUR STAR
FOUR STAR
UAL LOYALTY
AIR 
BIZ JET
TOTAL 
UAL
Line
CONSOLIDATED
CORPORATION
INC.
INSURANCE
LEASING INC.
SERVICES, INC.
WISCONSIN
HOLDINGS, INC.
SUBSIDIARIES
ELIMINATIONS
CONSOLIDATED
No.
Operating revenues:
Passenger
696,886 
696,886 
Cargo
60,153 
60,153 
Contract services and other
64,294 
68,459 
541 
69,000 
133,294 
Intercompany
28,050 
(2,435)
75 
(2,360)
(24,503)
1,187 
Total revenues
849,383 
66,024 
616 
66,640 
(24,503)
891,520 
Operating expenses:
Salaries and related costs
478,774 
3,560 
64 
3,624 
(65)
482,333 
Aircraft fuel
129,617 
129,617 
Aircraft rent expense
54,245 
(237)
54,008 
Rentals and landing fees
50,614 
91 
92 
(1)
50,705 
Aircraft maint. matls & repairs
30,230 
30,230 
10 
Traffic commissions
19,865 
(1,304)
18,561 
11 
Food and beverages
26,380 
26,380 
12 
Depreciation and amortization
59,567 
661 
661 
60,228 
13 
G/L on disposition of property
(11,996)
-
(11,996)
14 
Purchased services
80,482 
(801)
(797)
(1,674)
78,011 
15 
Advertising and promotion
7,490 
3,021 
3,021 
(400)
10,111 
16 
Personnel expense
24,818 
52 
52 
24,870 
17 
Contract services and other
69,707 
20,487 
934 
21,421 
(19,958)
71,170 
18 
All other
(34,666)
123 
1,017 
44 
1,186 
(1,018)
(34,498)
19 
Total expenses
985,127 
123 
1,017 
27,115 
1,005 
29,260 
(24,657)
989,730 
20 
Special Charges
67,000 
67,000 
21 
Total operating expenses
1,052,127 
123 
1,017 
27,115 
1,005 
29,260 
(24,657)
1,056,730 
22 
Earnings (loss) from operations
(202,744)
(123)
(1,017)
38,909 
(389)
37,380 
154 
(165,210)
23 
Other income (expenses), net:
Interest expense -
On long-term debt & leases
(28,580)
(3)
(3)
(28,583)
24 
Other
(3,894)
(3,894)
25 
On intercompany debt
(1,311)
(261)
(2,522)
(927)
(3,710)
4,728 
(293)
26 
Interest capitalized
392 
392 
27 
Interest income 
(1,003)
348 
348 
(655)
28 
Intercompany interest income
3,490 
927 
510 
961 
2,398 
(4,965)
923 
29 
Equity in earnings of affiliates
859 
859 
859 
30 
Foreign exchange gains (losses)
(7,394)
(7,394)
31 
Airline Stabilization Grant
32 
Gain on sale of investment
33 
Reorganization Items
(9,717)
(9,717)
34 
Other, net 
(6,293)
(385)
(1)
(381)
(6,674)
35 
Total other
(54,310)
(385)
666 
510 
(1,313)
33 
(489)
(237)
(55,036)
36 
Earnings (loss) before income taxes
(257,054)
(508)
(351)
510 
37,596 
(356)
36,891 
(83)
(220,246)
37 
Provision (credit) for income taxes
Current
41,461 
(26,700)
(3,621)
289 
37,340 
(101)
(992)
6,215 
47,676 
38 
Deferred
282,711 
(100)
3,523 
(138)
(28,422)
194 
(24,943)
257,768 
39 
Total tax provision (credit)
324,172 
(26,800)
(98)
151 
8,918 
93 
(992)
(18,728)
305,444 
40 
Earnings (loss) before X-item
(581,226)
26,292 
(253)
359 
28,678 
(449)
992 
55,619 
(83)
(525,690)
41 
Distribution of preferred securities
(1,482)
(1,482)
(1,482)
42 
Cumulative Change - - SFAS 133
43 
Net earnings (loss)
(581,226)
24,810 
(253)
359 
28,678 
(449)
992 
54,137 
(83)
(527,172)
44 
(701,255)
Filed -2
Filed -17
Non-Filed
Filed -19
Filed - 20
Non-Filed
Non-Filed
Filed - 23
Filed - 24
Filed - 21
Filed - 18
Non-Filed
Non-Filed
UNITED
UNITED
UNITED
KION
KION
AVIATION
UNITED
COVIA
CYPHER
WORLD
VACATION
GALILEO
UNITED AIR LINES
TOTAL 
UNITED
Line
UNITED
LEASING
DE MEXICO
FUELS
COGEN
LLC
CORP.
WIDE
INC.
MPH
PREMIER
JAPAN
VENTURES
SUBSIDIARIES
ELIMINATIONS
CONSOLIDATED
No.
Operating revenues:
Passenger
696,886 
696,886 
Cargo
60,153 
60,153 
Contract services and other
8,094 
66 
52,796 
933 
449 
25 
300 
54,569 
1,631 
64,294 
Intercompany
29,906 
64 
57,382 
258 
1,235 
873 
59,812 
(61,668)
28,050 
Total revenues
795,039 
130 
110,178 
1,191 
1,684 
25 
1,173 
114,381 
(60,037)
849,383 
Operating expenses:
Salaries and related costs
477,351 
105 
(3)
1,321 
1,423 
478,774 
Aircraft fuel
129,617 
57,382 
57,382 
(57,382)
129,617 
Aircraft rent expense
54,365 
(120)
54,245 
Rentals and landing fees
50,560 
48 
55 
(1)
50,614 
Aircraft maint. matls & repairs
30,230 
30,230 
10 
Traffic commissions
19,865 
19,865 
11 
Food and beverages
26,380 
26,380 
12 
Depreciation and amortization
59,504 
62 
63 
59,567 
13 
G/L on disposition of property
(11,996)
(11,996)
14 
Purchased services
81,351 
14 
(56)
369 
327 
(1,196)
80,482 
15 
Advertising and promotion
5,604 
(2,275)
(2,275)
4,161 
7,490 
16 
Personnel expense
24,812 
24,818 
17 
Contract services and other
25,564 
24 
49,406 
84 
100 
148 
49,762 
(5,619)
69,707 
18 
All other
(34,726)
17 
43 
60 
(34,666)
19 
Total expenses
938,481 
174 
106,788 
68 
(475)
100 
148 
106,803 
(60,157)
985,127 
20 
Special Charges
67,000 
67,000 
21 
Total operating expenses
1,005,481 
174 
106,788 
68 
(475)
100 
148 
106,803 
(60,157)
1,052,127 
22 
Earnings (loss) from operations
(210,442)
(44)
3,390 
1,123 
2,159 
(75)
1,025 
7,578 
120 
(202,744)
23 
Other income (expenses), net:
Interest expense -
On long-term debt & leases
(28,580)
(28,580)
24 
Other
(3,894)
(3,894)
25 
On intercompany debt
(1,311)
-
(1,311)
26 
Interest capitalized
392 
392 
27 
Interest income 
(1,047)
84 
60 
14 
164 
(120)
(1,003)
28 
Intercompany interest income
4,194 
(704)
(704)
3,490 
29 
Equity in earnings of affiliates
30 
Foreign exchange gains (losses)
(7,394)
(7,394)
31 
Airline stabilization grant
32 
Gain on sale of investment
33 
Reorganization Items
(9,721)
(9,717)
34 
Other, net 
(6,851)
680 
398 
1,078 
(520)
(6,293)
35 
Total other
(54,212)
84 
(18)
60 
14 
398 
542 
(640)
(54,310)
36 
Earnings (loss) before income taxes
(264,654)
84 
(44)
3,372 
1,183 
2,173 
(75)
1,423 
8,120 
(520)
(257,054)
37 
Provision (credit) for income taxes
Current
41,975 
2,158 
(4,396)
469 
(1)
1,115 
129 
(514)
41,461 
38 
Deferred
272,324 
(39)
(56)
5,081 
(1,328)
19 
6,714 
(4)
10,387 
282,711 
39 
Total tax provision (credit)
314,299 
(31)
2,102 
685 
(859)
23 
(1)
7,829 
125 
9,873 
324,172 
40 
Earnings (loss) before dist. of pfd. sec.
(578,953)
115 
(44)
1,270 
498 
859 
(19)
(5,656)
(200)
1,423 
(1,753)
(520)
(581,226)
41 
Distribution of preferred securities
42 
Ex-Item Retirement of Debt
42 
Cumulative Change - SFAS 133
43 
Net earnings (loss)
(578,953)
115 
(44)
1,270 
498 
859 
(19)
(5,656)
(200)
1,423 
(1,753)
(520)
(581,226)
44 
(747,415)
CASE NAME: UAL Corporation et al. CASE NUMBERS : 02-48191 through 02-48218
Filed Entities of UAL Corporation1
SUMMARY OF CASH RECEIPTS AND CASH DISBURSEMENTS
For The Period Ending DECEMBER 31, 2002
(Amounts in US dollar $)
BEGINNING BALANCE (ending balance December 8th 2002) 
Operating Accounts - DOM 2
$69,918,629 
Operating Accounts - INT 3
$42,893,270 
London Overnight Investment Balance
$928,260 
Liquidity Pool
$834,752,277 
Restricted Cash 4
$473,582,819 
Subsidiaries:
a. Mileage Plus
$349,541 
b. Premier Meeting and Travel Services
$1,253,750 
c. MyPoints,com
$20,650,613 
d. Domicile Management Services
$360,973 
e. United Loyalty Services
$5,118,243 
f. United Aviation Fuel Corporation
$3,700,622 
g. BizJet
$5,307,614 
TOTAL BEGINNING BALANCE
$1,458,816,611 
RECEIPTS (Summary of all domestic and international bank accounts):
1. Receipts from operations (net of Intercompany receipts)
$804,644,885 
2. Debtor -In-Possession Financing
$686,075,000 
3. Other receipts
$110,220,195 
TOTAL RECEIPTS (A)
$1,600,940,080 
DISBURSEMENTS (Summary of all accounts):
1. Net payroll 5
a. Officers
$772,414 
b. Non-Officer 6
$280,869,233 
2. Taxes paid or deposited 5:
a. Federal Income Tax and FICA withholdings
$108,729,656 
b. State income tax w/held
$12,759,104 
c. State sales or use tax
$184,984 
d. Other 
$129,655,835 
7
3. Necessary Operational Disbursements 5
a. Operating Disbursements (net of Intercompany disbursements)
$567,082,363 
b. Transferred to escrows / restricted cash
$40,900,000 
c. Other necessary expenses
$0 
TOTAL DISBURSEMENTS  (B)
$1,140,953,590 
NET RECEIPTS (Line (A) less Line (B))
$459,986,490 
ENDING BALANCE (BEGINNING BALANCE PLUS NET RECEIPTS)
$1,918,803,101 
Bank One Overnight Investment Account (month over month change) 8
($14,845,069)
TOTAL ENDING BALANCE
$1,903,958,032 
Check
ENDING BALANCE (as of December 31st)
Operating Accounts - DOM
$58,175,889 
Operating Accounts - INT
$22,735,904 
London Overnight Investment
$4,331,880 
Liquidity Pool
$1,205,805,837 
Restricted Cash 4
$578,684,996 
Subsidiaries:
Mileage Plus
$479,857 
Premier Meeting and Travel Services
$1,280,296 
MyPoints,com
$21,162,990 
Domicile Management Services
$287,937 
United Loyalty Services
$2,951,607 
United Aviation Fuel Corporation
$2,753,225 
BizJet
$5,307,614 
TOTAL ENDING BALANCE
$1,903,958,032 
1 See Page 4 for a list of the 28 filing entities
2 Majority of balance due to funding of ordinary course cash requirements preceding Chapter 11 filing
3 Majority of balance due to cash requirements of several Asian banks during Chapter 11 filing
4 Restricted cash does not include $200 million held in a Tax Trust Escrow (see Schedule C) 
5 Includes information for domestic entities only
6 Payroll expense includes funding of $37,225,000 for 1/2/2003 payroll
7 Includes US Federal Fuel Tax, Transportation Tax, Liquor Tax, Excise Tax, other tax and a funding of $39,406,615 for 2003 tax payments 
8 Account used to invest excess funds on a daily basis that are not transferred to liquidity pool

 
 
 
 
BANK
ENTITY: RECEIPT SUMMARY ACCTS: See Schedule "F" for list of bank accounts
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE ACTIVITY
741,714,085 
Domestic Operational Receipts
NON BANK ONE ACTIVITY
184,131,367 
International Operational Receipts 1
BEG BALANCE (LESS) ENDING BALANCE 

PLUS NET REPATRIATION

43,198,138 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
969,043,590 
( A )
Debtor-In-Possession Financing
686,075,000 
( B )
Other Non-Operational Receipts2
SEE FOOTNOTE BELOW
110,220,195 
( C )
Less, Non-filing entities
NONE FOR THIS PERIOD
GROSS RECEIPTS (tie to bank statements)
1,765,338,785 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
164,398,705 
( D )
NET RECEIPTS
$1,600,940,080 
Forward to MOR Summary:
Receipts from operations (net of Intercompany receipts)
804,644,885 
(A-D )
Debtor - -In-Possession Financing
686,075,000 
( B )
Other receipts
110,220,195 
( C )
$1,600,940,080 
1 Accounts for net repatriation to the liquidity pool of $63,355,503.
2 Includes net activity related to the London overnight investment account, an increase in restricted cash in the amount of $105,102,177, and interest income in the amount of $1,661,944.

 
 
 
 
BANK
ENTITY: LIQUIDITY POOL ACCTS: Bank One Acct. #51-67795
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE ACTIVITY
739,723,537 
Domestic Operational Receipts
Total Non-Bank One Receipts
International Operational Receipts 1
BEG BALANCE (LESS) ENDING BALANCE 

PLUS NET REPATRIATION

43,198,138 
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
782,921,674 
Debtor-In-Possession Financing
686,075,000 
Other Non-Operational Receipts 2
SEE FOOTNOTE BELOW
$110,167,742 
Less, Non-filing entities
NONE FOR THIS PERIOD
-
GROSS RECEIPTS 
1,579,164,416 
UAL
-
United Loyalty Services
1,000
UAL Company Services
-
Confetti
-
MyPoints
513,412
Cybergold
-
Itarget
-
MyPoints Offline
-
UAL Benefits
-
United BizJet Holdings
-
United BizJet Charter
-
United BizJet Fractional
-
United BizJet Services
-
Kion Leasing
-
Premier Meeting and Travel Services
16,720
United Aviation Fuels Corporation 
54,070,000
Cogen
-
Mileage Plus
77,036
Ground Handling Services
-
United Worldwide
-
United Vacations
-
Four Star Leasing
-
Air Wisconsin Services
-
Air Wisconsin 
-
Domicile Management Services
-
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
54,678,168 
NET RECEIPTS
$1,524,486,248 
1 Accounts for net repatriation to the liquidity pool of $63,355,503.
2 Includes net activity related to the London overnight investment account, an increase in restricted cash in the amount of $105,102,177, and interest income in the amount of $1,661,944.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: MYPOINTS.COM, INC. AND SUBSIDIARIES BANK

ACCTS:

Silicon Valley Bank #3300066117, 3300042163
Silicon Valley Bank #3700276606
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
Domestic Operational Receipts
BANK ACTIVITY - - SEE ABOVE FOR ACCOUNTS
2,154,675 
Total Non-Bank One Receipts
2,154,675 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
2,154,675 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
12,271 
Less, Non-filing entities
LIMITED ACTIVITY
-
GROSS RECEIPTS (tie to bank statement)
2,166,946 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
NET RECEIPTS
$2,166,946 
BANK STATEMENT RECONCILIATION:
Beginning Balance
20,650,613 
Receipts
2,166,946 
Disbursments
(1,654,569)
Reconciled Ending Balance
$21,162,990 
Reported Ending Balance
$21,162,990 
Difference
$0 

 
 
 
 
PREMIER MEETING & TRAVEL SERVICES BANK
ENTITY: ACCTS: Bank One 55-78531
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
55,526 
Domestic Operational Receipts1
Total Non-Bank One Receipts
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
55,526 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
Less, Non-filing entities
LIMITED ACTIVITY
GROSS RECEIPTS (tie to bank statement)
55,526 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
NET RECEIPTS
$55,526 
BANK STATEMENT RECONCILIATION:
Beginning Balance
1,253,750 
Receipts
55,526 
Disbursments
(28,980)
Reconciled Ending Balance
$1,280,296 
Reported Ending Balance
$1,280,296 
Difference
$0 

 
 
BANK
ENTITY: MILEAGE PLUS, INC. ACCTS: SHORE BANK #17331100/17331200/17511000
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
Domestic Operational Receipts1
SHORE BANK
1,114,731 
Total Non-Bank One Receipts
1,114,731 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,114,731 
Other Non-Operational Receipts 2
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
40,182 
Less, Non-filing entities
LIMITED ACTIVITY
GROSS RECEIPTS (tie to bank statement)
1,154,913 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
1,100,000 
NET RECEIPTS
$54,913 
BANK STATEMENT RECONCILIATION:
Beginning Balance
349,541 
Receipts
1,154,913 
Disbursments
(1,024,598)
Reconciled Ending Balance
$479,857 
Reported Ending Balance
$479,857 
Difference
$0 
1 Usually ZBA accounts. However, the bank did not transfer funds from the main account #17331100 to these accounts to cover the checks cleared in 12/02.
2 Includes stop payments totalling $40,182 associated with the Chapter 11 filing.

 
 
 
 
ENTITY: UNITED AVIATION FUELS CORPORATION BANK

ACCTS:

NORTHERN TRUST ACCT. 792705
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
Domestic Operational Receipts
Northern Trust Company
180,539,405 
Total Non-Bank One Receipts
180,539,405 
International Operational Receipts  BEG BALANCE (LESS) ENDING BALANCE (net of disbursements)
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
180,539,405 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
Less, Non-filing entities
LIMITED ACTIVITY
GROSS RECEIPTS (tie to bank statement)
180,539,405 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES (Provide detail above)
106,580,000 
NET RECEIPTS
$73,959,405 
BANK STATEMENT RECONCILIATION:
Beginning Balance
3,700,622 
Receipts
180,539,405 
Disbursments
(181,486,802)
Reconciled Ending Balance
$2,753,225 
Reported Ending Balance
$2,753,225 
Difference
($0)

 
 
ENTITY: UNITED LOYALTY SERVICES BANK ACCTS: BANK ONE ACCT. 11-01955, 11-02250, 10-61639, 11-33545
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
BANK ONE ACTIVITY
1,935,023 
Domestic Operational Receipts
Total Non-Bank One Receipts
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE (net of disbursements)
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
1,935,023 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
Less, Non-filing entities
LIMITED ACTIVITY
GROSS RECEIPTS (tie to bank statement)
1,935,023 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
1,717,982 
NET RECEIPTS
$217,041 
BANK STATEMENT RECONCILIATION:
Beginning Balance
5,118,243 
Receipts
1,935,023 
Disbursments
(4,101,659)
Reconciled Ending Balance
$2,951,606 
Reported Ending Balance
$2,951,607 
Difference
($0)

 
 
 
 
BANK
ENTITY: DOMICILE MGMT SERVICES, INC. ACCTS: Citibank #0-157487-016
(see schedule F for details)
RECEIPT SOURCE
DESCRIPTION
AMOUNT
Domestic Operational Receipts
TOTAL BANK ONE ACTIVITY
Domestic Operational Receipts
CITIBANK
322,555 
Total Non-Bank One Receipts
322,555 
International Operational Receipts 
BEG BALANCE (LESS) ENDING BALANCE
Total Operational Receipts
TOTAL DOMESTIC AND INTERNATIONAL ACTIVITY
322,555 
Other Non-Operational Receipts
INCLUDES INTEREST INCOME, PROCEEDS OF ASSET SALES, etc.
Less, Non-filing entities
LIMITED ACTIVITY
GROSS RECEIPTS (tie to bank statement)
322,555 
(MINUS) TRANSFERS FROM OTHER ACCOUNTS / ENTITIES
322,555 
NET RECEIPTS
$0 
BANK STATEMENT RECONCILIATION:
Beginning Balance 
360,973 
Receipts
322,555 
Disbursments 
(395,591)
Reconciled Ending Balance
$287,937 
Reported Ending Balance 
$287,937 
Difference
$0 

 
 
ENTITY: DISBURSEMENT SUMMARY 1 BANK ACCTS: See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
772,414 
( A ) 
xxx PAYROLL NON-OFFICER
280,869,233 
( B ) 
04 AVIATION FUEL1 (SEE FUEL SUMMARY BELOW)
332,652,733 
06 CATERING
24,763,141 
03 RECURRING RENT
26,680,021 
01 GENERAL PAYABLES
214,921,184 
17 INSURANCE
25,054,105 
18 LANDING FEES
20,411,716 
xxx OTHER
86,998,168 
SUBTOTAL EXCLUDING PAYROLL
731,481,068 
( C ) 
GROSS DISBURSEMENTS (tie to bank statement)
1,013,122,715 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
164,398,705 
( D ) 
TAXES:
a. Federal Income Tax and FICA withholdings
108,729,656 
b. State income tax w/held
12,759,104 
c. State sales or use tax
184,984 
d. Other 
129,655,835 
TOTAL TAXES
251,329,580 
( E ) 
NET MONTHLY DISBURSEMENTS
$ 1,100,053,590 
Forward to MOR Summary:
Officers Payroll
772,414 
( A ) 
Non-Officer Payroll
280,869,233 
( B ) 
Taxes
251,329,580 
( E ) 
Necessary Operational Disbursements (less intercompany transfers)
567,082,363 
(C-D)
$ 1,100,053,590 
Fuel Summary:1
UAFC Fuel Disbursements
181,486,802 
United Fuel Disbursements
151,165,931 
Total Fuel Disbursements
332,652,733 
Less: Intercompany Transfers
(160,650,000)
Fuel Disbursements
$ 172,002,733 

 
 
 
 
ENTITY: UAL CORPORATION 1 BANK ACCTS:
See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
Payroll disbursed through United Airlines
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
123,000 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
123,000 
GROSS DISBURSEMENTS (tie to bank statement)
123,000 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
123,000 
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: UNITED AIRLINES ACCTS: See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
772,414 
xxx PAYROLL NON-OFFICER1
280,087,376 
04 AVIATION FUEL (Includes intercompany transfer to UAFC, see below)
151,165,931 
06 CATERING
24,763,141 
03 RECURRING RENT
26,680,021 
01 GENERAL PAYABLES
209,972,986 
17 INSURANCE
25,054,105 
18 LANDING FEES
20,411,716 
xxx OTHER2
86,998,168 
SUBTOTAL EXCLUDING PAYROLL
545,046,068 
GROSS DISBURSEMENTS (tie to bank statement)
825,905,858 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
United Aviation Fuels Corporation
106,580,000 
Mileage Plus, Inc.
1,100,000 
United Loyalty Services, Inc.
1,717,982 
DMS, Inc
322,555 
TOTAL TRANSFERS TO OTHER ACCOUNTS / ENTITIES
109,720,537 
TAXES:
a. Federal Income Tax and FICA withholdings
108,553,033 
b. State income tax w/held
12,759,104 
c. State sales or use tax
184,984 
d. Other (specify)3
127,161,116 
TOTAL TAXES
248,658,237 
NET MONTHLY DISBURSEMENTS
$ 964,843,558 
1 Payroll expense includes pre-funding of $37,225,000 for 1/2/2003 payroll.
2 Includes recurring rent (APO 3), corporate volume agreements (APO8), crew housing (APO 11), damaged bags (APO 12), GSA's (APO14), group deposits (APO 15), tour payables (APO 16), lost baggage claims (APO 19), ORD JJ (APO 21), passenger facility charges (APO 22), cargo claims (APO 23), property work orders (APO 24), travel agency incentives (APO 25), back end commissions (APO 26),cargo correspondence (APO 29), employee travel expenses (APO 45), DIP fees ($17.4 million), 401K, pilot directed account plan and sick leave trust payments.
3 Includes a pre-fund of $39,406,615 for 2003 tax payments.

 
 
ENTITY: UAL LOYALTY SERVICES 1 BANK ACCTS: BANK ONE ACCT. 11-01955, 11-02250, 10-61639, 11-33545
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
1,606,939 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
1,606,939 
GROSS DISBURSEMENTS (tie to bank statement)
1,606,939 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
1,000 
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 2
2,494,720 
TOTAL TAXES
2,494,720 
NET MONTHLY DISBURSEMENTS
$ 4,100,659 
1 Includes disbursements for Mileage Plus Holdings, Inc and Mileage Plus Marketing, Inc. since no cash is dispersed directly by either subsidiary.
2 Includes Excise Tax Payments of $1,615,000 and $879,719.

 
 
ENTITY: UAL COMPANY SERVICES 1 BANK ACCTS: See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through United Airlines.

 
 
ENTITY: CONFETTI, INC 1 BANK ACCTS:
See Schedule "F" for list of bank accounts
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through United Loyalty Services, Inc.

 
 
 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: MYPOINTS.COM, INC. AND SUBSIDIARIES BANK ACCTS: Silicon Valley Bank #3300066117, 3300042163

Silicon Valley Bank #3700276606

(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT:
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
327,844 
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
1,150,102 
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
1,150,102 
GROSS DISBURSEMENTS (tie to bank statement)
1,477,946 
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
513,412 
TAXES:
a. Federal Income Tax and FICA withholdings
176,623 
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
176,623 
NET MONTHLY DISBURSEMENTS $1,141,157 

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
Silicon Valley Bank #3300066117, 3300042163
ENTITY: CYBERGOLD, INC. 1 BANK ACCTS: Silicon Valley Bank #3700276606
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through MyPoints.com.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: !TARGET.COM, INC. 1 BANK ACCTS: Silicon Valley Bank #3300066117, 3300042163

Silicon Valley Bank #3700276606

(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through MyPoints.com.

 
 
Fleet Bank # 55157711
Wells Fargo #449-6837055, 10765100
ENTITY: MYPOINTS OFFLINE SERVICES 1 BANK ACCTS: Silicon Valley Bank #3300066117, 3300042163

Silicon Valley Bank #3700276606

(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through MyPoints.com.

 
 
 
 
ENTITY: UAL BENEFITS MANAGEMENT, INC.1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Approximated from Income Statement for the month ended December 31, 2002.

 
 
BANK
ENTITY: UNITED BIZJET HOLDINGS, INC.1 2 ACCTS: Bank One #10-96072
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Includes disbursements from BizJet Fractional, BizJet Charter, and BizJet Services.
2 Approximated from Income Statement for the month ended December 31, 2002.

 
 
ENTITY: BIZJET CHARTER 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through United BizJet Holdings.

 
 
ENTITY: BIZJET FRACTIONAL, INC. 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date):
NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through United BizJet Holdings.

 
 
 
 
ENTITY: BIZJET SERVICES, INC. 1 BANK ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBTOTAL EXCLUDING PAYROLL
GROSS DISBURSEMENTS (tie to bank statement)
(MINUS )TRANSFERS TO OTHER ACCOUNTS / ENTITIES
TAXES:
a. Federal Income Tax and FICA withholdings
b. State income tax w/held
c. State sales or use tax
d. Other 
TOTAL TAXES
NET MONTHLY DISBURSEMENTS
1 Disbursement activity conducted through United BizJet Holdings.

 
 
 
 
BANK
ENTITY: KION LEASING 1 ACCTS: List Accounts per attached list
(see schedule F for details)
BY APO DISBURSEMENT TYPE 
(based on Cleared Check Date): NOTES: AMOUNT: 
xxx PAYROLL OFFICER Payroll disbursed through United Airlines
xxx PAYROLL NON-OFFICER
04 AVIATION FUEL
06 CATERING
03 RECURRING RENT
01 GENERAL PAYABLES
17 INSURANCE
18 LANDING FEES
xxx OTHER
SUBT