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ZAPATA CORPORATION
CONSOLIDATED BALANCE SHEET(1)
A S S E T S
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SEPTEMBER 30, SEPTEMBER 30,
1994 1993
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(IN THOUSANDS)
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Current assets:
Cash and cash equivalents........................ $ 13,094 $ 15,273
Restricted cash.................................. 779 75,083
Receivables...................................... 39,595 28,321
Inventories:
Fish products.................................. 34,143 33,504
Compressor equipment and components............ 17,629 --
Gas liquids products........................... 414 1,271
Materials, parts and supplies.................. 3,601 3,392
Prepaid expenses and other current assets........ 2,609 2,280
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Total current assets......................... 111,864 159,124
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Investments and other assets:
Notes receivable (net of a $4.3 million allowance
in 1994 and 1993)............................... 1,925 2,844
Investments in equity securities................. 14,471 56,289
Goodwill......................................... 26,105 7,781
Deferred income taxes............................ 2,915 --
Other assets..................................... 16,149 18,842
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Total investments and other assets........... 61,565 85,756
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Property and equipment:
Marine protein................................... 60,188 56,611
Natural gas services--compression................ 56,661 --
Natural gas services--gathering and processing... 18,395 14,324
Oil and gas, full cost method.................... 77,066 65,274
Corporate........................................ 5,213 5,184
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217,523 141,393
Accumulated depreciation, depletion and
amortization.................................... (99,913) (41,156)
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117,610 100,237
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Total assets................................. $291,039 $345,117
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(1) The Consolidated Balance Sheet has been reclassified to present the marine
protein operations as continuing operations. See Note 14.
The accompanying notes are an integral part of the financial statements.
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