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ZAPATA CORPORATION
CONSOLIDATED BALANCE SHEET(1)
LIABILITIES AND STOCKHOLDERS' EQUITY
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SEPTEMBER 30, SEPTEMBER 30,
1994 1993
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(IN THOUSANDS)
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Current liabilities:
Current maturities of long-term debt............. $ 3,009 $ 2,714
Accounts payable................................. 16,882 20,674
Accrued liabilities:
Compensation and employee benefits............. 11,148 6,181
Other.......................................... 19,165 9,695
Income taxes payable............................. 1,076 783
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Total current liabilities.................... 51,280 40,047
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Long-term debt..................................... 69,078 139,646
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Deferred income taxes.............................. 3,686
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Other liabilities.................................. 16,139 15,474
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Commitments and contingencies (Note 10)
Stockholders' equity:
$6.00 cumulative preferred stock (no par),
outstanding: 22,498 shares (1994) and 44,943
shares (1993)................................... 2,255 4,500
$2.00 noncumulative convertible preference stock
($1.00 par), outstanding: 2,627 shares (1994)
and 2,637 shares (1993)......................... 3 3
Common Stock ($0.25 par), outstanding: 31,716,991
shares (1994) and 28,940,592 shares (1993)...... 7,930 36,176
Capital in excess of par value................... 138,293 92,906
Reinvested earnings, from October 1, 1990
(deficit balance prior to quasi-reorganization
at September 30, 1990: $296,850,000)............ 1,785 12,679
Investment in equity securities-unrealized gain,
net of taxes.................................... 4,276 --
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154,542 146,264
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Total liabilities and stockholders' equity... $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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