Vista Proppants and Logistics, LLC, et al. Monthly Operating Report 20-42002 ACCRUAL BASIS Edward L. Morris UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT MONTH ENDING: June 2020 MONTH YEAR IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE. RESPONSIBLE PARTY: /s/ Kristin Whitley Smith Chief Financial Officer ORIGINAL SIGNATURE OF RESPONSIBLE PARTY (1) TITLE Kristin Whitley Smith Monday, July 20, 2020 PRINTED NAME OF RESPONSIBLE PARTY DATE PREPARER: /s/ Kristin Whitley Smith Chief Financial Officer ORIGINAL SIGNATURE OF RESPONSIBLE PARTY (1) TITLE Kristin Whitley Smith Monday, July 20, 2020 PRINTED NAME OF RESPONSIBLE PARTY DATE NOTES: (1) Original signatures are on file with the Debtor's attorneys. CASE NAME: CASE NUMBER: JUDGE: Case 20-42002-elm11 Doc 231 Filed 07/20/20 Entered 07/20/20 20:20:37 Page 1 of 10
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Vista Proppants and Logistics, LLC, et al. Monthly Operating Report
20-42002 ACCRUAL BASIS
Edward L. Morris
UNITED STATES BANKRUPTCY COURT
NORTHERN & EASTERN DISTRICTS OF TEXAS
REGION 6
MONTHLY OPERATING REPORT
MONTH ENDING: June 2020MONTH YEAR
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER
PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT
(ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) AND THE ACCOMPANYING ATTACHMENTS AND,
TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE.
DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL
INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Kristin Whitley Smith Chief Financial Officer
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY (1) TITLE
Kristin Whitley Smith Monday, July 20, 2020
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Kristin Whitley Smith Chief Financial Officer
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY (1) TITLE
Kristin Whitley Smith Monday, July 20, 2020
PRINTED NAME OF RESPONSIBLE PARTY DATE
NOTES:
(1) Original signatures are on file with the Debtor's attorneys.
CASE NAME:
CASE NUMBER:
JUDGE:
Case 20-42002-elm11 Doc 231 Filed 07/20/20 Entered 07/20/20 20:20:37 Page 1 of 10
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2042002200720000000000008
Docket #0231 Date Filed: 07/20/2020
CASE NAME: Vista Proppants and Logistics, LLC, et al. Monthly Operating Report
CASE NUMBER: 20-42002 ACCRUAL BASIS-NOTES
MONTHLY OPERATING REPORT NOTES
Note 1
Note 2
Note 3
The financial statements and supplemental information contained herein (the "Information") are unaudited, preliminary, and may not comply with
generally accepted accounting principles in the United States of America ("U.S. GAAP") in all material respects.
The Information has not been subject to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP,
and upon application of such procedures, the Debtors believe that the financial information could be subject to changes, and these changes could be
material. The Information includes preliminary normal recurring adjustments, but does not include all of the adjustments that would typically be made in
accordance with U.S. GAAP.
The results of operations contained herein are not necessarily indicative of results which may be expected from any other period or for the full year and
may not necessarily reflect the results of operations, financial position and cash flows of the Debtors in the future.
Reservation of Rights: Given the complexity of the Debtors’ business, inadvertent errors, omissions or over inclusion of contracts or leases may have
occurred. Accordingly, the Debtors hereby reserve all of their rights to dispute the validity, status, enforceability, or executory nature of any claim amount,
representation or other statement in this Monthly Operating Report and reserve the right to amend or supplement this Monthly Operating Report, if
necessary, but shall be under no obligation to do so.
The jointly administered Debtors are authorized to file monthly operating reports on a consolidated basis, and have presented disbursements by debtor
entity in Exhibit A attached.
Case 20-42002-elm11 Doc 231 Filed 07/20/20 Entered 07/20/20 20:20:37 Page 2 of 10
CASE NAME: Vista Proppants and Logistics, LLC, et al. Monthly Operating Report
CASE NUMBER: 20-42002 ACCRUAL BASIS-1
COMPARATIVE BALANCE SHEET June-20 July-20 Aug-20
ASSETS
1. UNRESTRICTED CASH 5,199,515$
2. RESTRICTED CASH 3,204,812
3. TOTAL CASH 8,404,328$ -$ -$
4. ACCOUNTS RECEIVABLE (NET) 14,159,030
5. ACCOUNTS RECEIVABLE (RELATED) 275,879
6. INVENTORY 7,980,113
7. PREPAID EXPENSES 5,482,034
8. OTHER (ATTACH LIST) -
9. TOTAL CURRENT ASSETS 36,301,384$ -$ -$
10. PROPERTY, PLANT & EQUIPMENT 473,823,305
11. LESS: ACCUMULATED
DEPRECIATION/DEPLETION (168,803,380)
12. NET PROPERTY, PLANT & EQUIPMENT 305,019,925$ -$ -$
13. DUE FROM INSIDERS -
14. OTHER ASSETS - NET OF AMORTIZATION
(LEASE RESERVES NET OF DEPLETION) 7,927,415
15. OTHER ASSETS (RIGHT OF USE ASSETS) 33,759,381
16. TOTAL ASSETS 383,008,105$ -$ -$
POSTPETITION LIABILITIES
17. ACCOUNTS PAYABLE 1,288,516
18. TAXES PAYABLE 54,823
19. NOTES PAYABLE -
20. PROFESSIONAL FEES -
21. SECURED DEBT 3,500,000
22. OTHER (ATTACH LIST) -
23. TOTAL POSTPETITION LIABILITIES 4,843,339$ -$ -$
PREPETITION LIABILITIES
24. SECURED DEBT 399,715,052
25. PRIORITY DEBT 3,213,389
26. UNSECURED DEBT 31,016,441
27. OTHER (RIGHT OF USE OBLIGATIONS) 35,446,279
28.
OTHER (DEFFERED REVENUE
& CONTRACT LIABILITIES) 25,857,858
29. OTHER (ASSET RETIREMENT OBLIGATIONS) 2,318,527
30. OTHER (DEFERRED BORROWING COSTS) (2,594,276)
31. TOTAL PREPETITION LIABILITIES 494,973,270$ -$ -$
32. TOTAL LIABILITIES 499,816,609$ -$ -$
EQUITY
33. PREPETITION OWNERS' EQUITY (108,686,123)
34. POSTPETITION CUMULATIVE
PROFIT OR (LOSS) (8,122,381)
35. DIRECT CHARGES TO EQUITY
(ATTACH EXPLANATION)
36. TOTAL EQUITY (116,808,503)$ -$ -$
37. TOTAL LIABILITIES & OWNERS EQUITY 383,008,105$ -$ -$
Case 20-42002-elm11 Doc 231 Filed 07/20/20 Entered 07/20/20 20:20:37 Page 3 of 10
CASE NAME: Vista Proppants and Logistics, LLC, et al. Monthly Operating Report
CASE NUMBER: 20-42002 ACCRUAL BASIS-2
INCOME STATEMENT NOTES June-20 July-20 August-20 September-20
REVENUES
1. GROSS REVENUES 485,971$
2. LESS: RETURNS & DISCOUNTS -
3. NET REVENUE 485,971$ -$ -$ -$
COST OF GOODS SOLD
4. LABOR 211,574
5. RENTALS & LEASES 1,468,062
6. REPAIRS & MAINTENANCE 14,972
7. UTILITIES & NATURAL GAS 160,288
8. CHANGE IN INVENTORY (1) (146,140)
9. DEPRECIATION 2,759,636
10. OTHER COGS 344,769
11. TOTAL COST OF GOODS SOLD 4,813,160$ -$ -$ -$
12. GROSS PROFIT (4,327,189)$ -$ -$ -$
OPERATING EXPENSES
13. OFFICER / INSIDER COMPENSATION 8,901
14. LABOR - SG&A 154,693
15. SELLING, GENERAL & ADMINISTRATIVE 211,028
16. RENT & LEASE 12,460
17. GAIN & LOSS (737)
18. TOTAL OPERATING EXPENSES 386,345$ -$ -$ -$
19. OPERATING INCOME (4,713,533)$ -$ -$ -$
OTHER INCOME & EXPENSES
20. NON-OPERATING INCOME (BAD DEBT EXPENSE) 283,440