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ZAPATA CORPORATION
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
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DECEMBER 31, DECEMBER 31,
2001 2000
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<S> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents................................. $ 62,477 $ 19,237
Short-term investments.................................... 33,948 55,384
Accounts receivable, net.................................. 22,427 11,971
Inventories, net.......................................... 37,670 37,032
Prepaid expenses and other current assets................. 1,979 2,150
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Total current assets.............................. 158,501 125,774
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Investments and other assets:
Long-term investments, available for sale................. -- 13,396
Other assets.............................................. 30,937 33,315
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Total investments and other assets................ 30,937 46,711
Property and equipment, net............................... 82,239 89,374
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Total assets...................................... $271,677 $261,859
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current maturities of long-term debt...................... $ 1,296 $ 1,227
Accounts payable.......................................... 1,605 2,766
Accrued liabilities....................................... 21,864 21,153
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Total current liabilities......................... 24,765 25,146
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Long-term debt.............................................. 15,510 14,827
Other liabilities and deferred taxes........................ 7,952 4,820
Minority interest........................................... 53,599 52,071
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Total liabilities................................. 101,826 96,864
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Commitments and contingencies
Stockholders' equity:
Preferred stock, ($0.01 par), 200,000 shares authorized, 0
shares issued and outstanding as of December 31, 2001 and
2000...................................................... -- --
Preference stock, ($0.01 par), 1,800,000 shares authorized,
0 shares issued and outstanding as of December 31, 2001
and 2000.................................................. -- --
Common stock, ($0.01 par), 16,500,000 shares authorized,
3,069,859 and 3,066,718 shares issued, and 2,390,849 and
2,388,708 shares outstanding on December 31, 2001 and
2000, respectively........................................ 31 31
Capital in excess of par value.............................. 161,869 161,755
Retained earnings........................................... 43,743 39,389
Treasury stock, at cost, 679,010 shares at December 31, 2001
and 2000.................................................. (31,668) (31,668)
Accumulated other comprehensive loss........................ (4,124) (4,512)
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Total stockholders' equity........................ 169,851 164,995
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Total liabilities and stockholders' equity........ $271,677 $261,859
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The accompanying notes are an integral part of the consolidated financial
statements.
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