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)
|
|
|
(State or other jurisdiction of incorporation) |
File Number) |
Identification No.) |
|
60007 |
|
(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
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
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
|
|
|
|
|
|
IN RE: |
CHAPTER 11
|
UAL CORPORATION ET AL. |
CASE NUMBERS : 02-48191
through 02-48218
|
DEBTORS |
Jointly Administered
|
Hon. Eugene R. Wedoff
|
|
|
|
|
|
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 |
|
|||||
1
|
UAL Corporation |
|
||||
2
|
United Air Lines, Inc. |
|
||||
3
|
UAL Company Services, Inc. |
|
||||
4
|
UAL Loyalty Services, Inc. |
|
||||
5
|
Confetti Inc. |
|
||||
6
|
Mileage Plus Holdings, Inc. |
|
||||
7
|
Mileage Plus Marketing, Inc. |
|
||||
8
|
MyPoints.com, Inc. |
|
||||
9
|
Cybergold, Inc. |
|
||||
10
|
iTarget, Inc. |
|
||||
11
|
MyPoints Offline Services, Inc. |
|
||||
12
|
UAL Benefits Management Inc. |
|
||||
13
|
United BizJet Holdings, Inc. |
|
||||
14
|
BizJet Charter, Inc. |
|
||||
15
|
BizJet Fractional, Inc. |
|
||||
16
|
BizJet Services, Inc. |
|
||||
17
|
Kion Leasing, Inc. |
|
||||
18
|
Premier Meeting and Travel Services, Inc. |
|
||||
19
|
United Aviation Fuels Corporation |
|
||||
20
|
United Cogen, Inc. |
|
||||
21
|
Mileage Plus, Inc. |
|
||||
22
|
United GHS Inc. |
|
||||
23
|
United Worldwide Corporation |
|
||||
24
|
United Vacations, Inc. |
|
||||
25
|
Four Star Leasing, Inc. |
|
||||
26
|
Air Wis Services, Inc. |
|
||||
27
|
Air Wisconsin, Inc. |
|
||||
28
|
Domicile Management Services, Inc. |
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Operating revenues: | ||||||||||||||||||||||
Passenger |
696,886
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
696,886
|
1
|
||||||||||
Cargo |
60,153
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
60,153
|
2
|
||||||||||
Contract services and other |
64,294
|
-
|
-
|
-
|
-
|
68,459
|
541
|
-
|
69,000
|
-
|
133,294
|
3
|
||||||||||
Intercompany |
28,050
|
-
|
-
|
-
|
-
|
(2,435)
|
75
|
-
|
(2,360)
|
(24,503)
|
1,187
|
4
|
||||||||||
Total revenues |
849,383
|
-
|
-
|
-
|
-
|
66,024
|
616
|
-
|
66,640
|
(24,503)
|
891,520
|
5
|
||||||||||
Operating expenses: | ||||||||||||||||||||||
Salaries and related costs |
478,774
|
-
|
-
|
-
|
-
|
3,560
|
64
|
-
|
3,624
|
(65)
|
482,333
|
6
|
||||||||||
Aircraft fuel |
129,617
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
129,617
|
7
|
||||||||||
Aircraft rent expense |
54,245
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(237)
|
54,008
|
8
|
||||||||||
Rentals and landing fees |
50,614
|
-
|
-
|
-
|
-
|
91
|
1
|
-
|
92
|
(1)
|
50,705
|
9
|
||||||||||
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)
|
4
|
-
|
(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
|
2
|
-
|
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)
|
-
|
-
|
-
|
5
|
(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)
|
||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Operating revenues: | ||||||||||||||||||||||
Passenger |
696,886
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
696,886
|
1
|
|||||
Cargo |
60,153
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
60,153
|
2
|
|||||
Contract services and other |
8,094
|
-
|
66
|
52,796
|
933
|
-
|
-
|
-
|
-
|
449
|
25
|
300
|
-
|
54,569
|
1,631
|
64,294
|
3
|
|||||
Intercompany |
29,906
|
-
|
64
|
57,382
|
258
|
-
|
-
|
-
|
-
|
1,235
|
-
|
873
|
-
|
59,812
|
(61,668)
|
28,050
|
4
|
|||||
Total revenues |
795,039
|
-
|
130
|
110,178
|
1,191
|
-
|
-
|
-
|
-
|
1,684
|
25
|
1,173
|
-
|
114,381
|
(60,037)
|
849,383
|
5
|
|||||
Operating expenses: | ||||||||||||||||||||||
Salaries and related costs |
477,351
|
-
|
105
|
-
|
(3)
|
-
|
-
|
-
|
-
|
1,321
|
-
|
-
|
-
|
1,423
|
-
|
478,774
|
6
|
|||||
Aircraft fuel |
129,617
|
-
|
-
|
57,382
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
57,382
|
(57,382)
|
129,617
|
7
|
|||||
Aircraft rent expense |
54,365
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
(120)
|
54,245
|
8
|
|||||
Rentals and landing fees |
50,560
|
-
|
7
|
-
|
-
|
-
|
-
|
-
|
-
|
48
|
-
|
-
|
-
|
55
|
(1)
|
50,614
|
9
|
|||||
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
|
-
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
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
|
-
|
6
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
6
|
-
|
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
|
-
|
6
|
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)
|
-
|
-
|
-
|
-
|
-
|
4
|
-
|
-
|
-
|
-
|
-
|
-
|
4
|
-
|
(9,717)
|
34
|
|||||
Other, net |
(6,851)
|
-
|
-
|
680
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
398
|
-
|
1,078
|
(520)
|
(6,293)
|
35
|
|||||
Total other |
(54,212)
|
84
|
-
|
(18)
|
60
|
-
|
4
|
-
|
-
|
14
|
-
|
398
|
-
|
542
|
(640)
|
(54,310)
|
36
|
|||||
Earnings (loss) before income taxes |
(264,654)
|
84
|
(44)
|
3,372
|
1,183
|
-
|
4
|
-
|
-
|
2,173
|
(75)
|
1,423
|
-
|
8,120
|
(520)
|
(257,054)
|
37
|
|||||
Provision (credit) for income taxes | ||||||||||||||||||||||
Current |
41,975
|
8
|
-
|
2,158
|
(4,396)
|
469
|
4
|
-
|
(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)
|
-
|
1
|
(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)
|
-
|
1
|
(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 |
|
||
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 |
|
|
|||||||||||||||||||||
Domestic Operational Receipts |
|
741,714,085
|
|||||||||||||||||||||
Domestic Operational Receipts |
|
184,131,367
|
|||||||||||||||||||||
International Operational Receipts 1 |
PLUS NET REPATRIATION |
43,198,138
|
|||||||||||||||||||||
Total Operational Receipts |
|
969,043,590
|
( A ) | ||||||||||||||||||||
Debtor-In-Possession Financing |
686,075,000
|
( B ) | |||||||||||||||||||||
Other Non-Operational Receipts2 |
|
110,220,195
|
( C ) | ||||||||||||||||||||
Less, Non-filing entities |
|
0
|
|||||||||||||||||||||
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 |
|
|
||||||||||
Domestic Operational Receipts |
|
739,723,537
|
||||||||||
Domestic Operational Receipts |
-
|
|||||||||||
-
|
||||||||||||
-
|
||||||||||||
-
|
||||||||||||
Total Non-Bank One Receipts |
-
|
|||||||||||
International Operational Receipts 1 |
PLUS NET REPATRIATION |
43,198,138
|
||||||||||
Total Operational Receipts |
|
782,921,674
|
||||||||||
Debtor-In-Possession Financing |
686,075,000
|
|||||||||||
Other Non-Operational Receipts 2 |
|
$110,167,742
|
||||||||||
Less, Non-filing entities |
|
-
|
||||||||||
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 |
|
|
||||||||||||
Domestic Operational Receipts |
|
-
|
||||||||||||
Domestic Operational Receipts |
|
2,154,675
|
||||||||||||
-
|
||||||||||||||
-
|
||||||||||||||
-
|
||||||||||||||
Total Non-Bank One Receipts |
2,154,675
|
|||||||||||||
International Operational Receipts |
|
-
|
||||||||||||
Total Operational Receipts |
|
2,154,675
|
||||||||||||
Other Non-Operational Receipts |
|
12,271
|
||||||||||||
Less, Non-filing entities |
|
-
|
||||||||||||
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 |
|
|
|||||||||||||||||||||||
Domestic Operational Receipts |
|
55,526
|
|||||||||||||||||||||||
Domestic Operational Receipts1 |
-
|
||||||||||||||||||||||||
-
|
|||||||||||||||||||||||||
-
|
|||||||||||||||||||||||||
-
|
|||||||||||||||||||||||||
Total Non-Bank One Receipts |
-
|
||||||||||||||||||||||||
International Operational Receipts |
|
-
|
|||||||||||||||||||||||
Total Operational Receipts |
|
55,526
|
|||||||||||||||||||||||
Other Non-Operational Receipts |
|
-
|
|||||||||||||||||||||||
Less, Non-filing entities |
|
-
|
|||||||||||||||||||||||
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 |
|
|
||||||||||||||||
Domestic Operational Receipts |
|
-
|
||||||||||||||||
Domestic Operational Receipts1 |
|
1,114,731
|
||||||||||||||||
-
|
||||||||||||||||||
-
|
||||||||||||||||||
-
|
||||||||||||||||||
Total Non-Bank One Receipts |
1,114,731
|
|||||||||||||||||
International Operational Receipts |
|
-
|
||||||||||||||||
Total Operational Receipts |
|
1,114,731
|
||||||||||||||||
Other Non-Operational Receipts 2 |
|
40,182
|
||||||||||||||||
Less, Non-filing entities |
|
-
|
||||||||||||||||
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 |
|
|
||||||||||||||||
Domestic Operational Receipts |
|
-
|
||||||||||||||||
Domestic Operational Receipts |
|
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 |
|
180,539,405
|
||||||||||||||||
Other Non-Operational Receipts |
|
-
|
||||||||||||||||
Less, Non-filing entities |
|
-
|
||||||||||||||||
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 |
|
|
||||||||||||||||
Domestic Operational Receipts |
|
1,935,023
|
||||||||||||||||
Domestic Operational Receipts |
-
|
|||||||||||||||||
-
|
||||||||||||||||||
-
|
||||||||||||||||||
-
|
||||||||||||||||||
Total Non-Bank One Receipts |
-
|
|||||||||||||||||
International Operational Receipts |
|
-
|
||||||||||||||||
Total Operational Receipts |
|
1,935,023
|
||||||||||||||||
Other Non-Operational Receipts |
|
-
|
||||||||||||||||
Less, Non-filing entities |
|
-
|
||||||||||||||||
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 |
|
|
||||||||||||||
Domestic Operational Receipts |
|
-
|
||||||||||||||
Domestic Operational Receipts |
|
322,555
|
||||||||||||||
-
|
||||||||||||||||
-
|
||||||||||||||||
-
|
||||||||||||||||
Total Non-Bank One Receipts |
322,555
|
|||||||||||||||
International Operational Receipts |
|
-
|
||||||||||||||
Total Operational Receipts |
|
322,555
|
||||||||||||||
Other Non-Operational Receipts |
|
-
|
||||||||||||||
Less, Non-filing entities |
|
-
|
||||||||||||||
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: | |||||||||||||