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ZAPATA CORPORATION
CONSOLIDATED BALANCE SHEET
LIABILITIES AND STOCKHOLDERS' EQUITY
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SEPTEMBER 30, SEPTEMBER 30,
1995 1994
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(IN THOUSANDS)
<S> <C> <C>
Current liabilities:
Current maturities of long-term debt............. $ 16,148 $ 531
Accounts payable................................. 2,356 4,804
Accrued liabilities:
Compensation and employee benefits............. 9,102 9,960
Insurance...................................... 2,851 4,774
Other.......................................... 6,644 11,457
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Total current liabilities.................... 37,101 31,526
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Long-term debt..................................... 37,468 52,581
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Other liabilities.................................. 19,532 16,139
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Commitments and contingencies (Note 11)
Stockholders' equity:
$6.00 cumulative preferred stock (no par),
outstanding: 22,498 shares (1994)............... -- 2,255
$2.00 noncumulative convertible preference stock
($1.00 par), outstanding: 2,627 shares (1995 and
1994)........................................... 3 3
Common Stock ($0.25 par), outstanding: 29,548,407
shares (1995) and 31,716,991 shares (1994)...... 7,387 7,929
Capital in excess of par value................... 131,962 138,294
Reinvested earnings, from October 1, 1990
(deficit balance prior to quasi-reorganization
at September 30, 1990: $296,850,000)............ 5,938 1,785
Investment in equity securities-unrealized gain,
net of taxes.................................... -- 4,276
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Total stockholders' equity................... 145,290 154,542
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Total liabilities and stockholders' equity... $239,391 $254,788
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The accompanying notes are an integral part of the financial statements.
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