<PAGE>
SCHEDULE I
ZAPATA CORPORATION
(PARENT COMPANY ONLY)
CONDENSED BALANCE SHEET
<TABLE>
<CAPTION>
SEPTEMBER 30,
------------------
1995 1994
-------- --------
(IN THOUSANDS)
<S> <C> <C>
Current assets:
Cash and cash equivalents................................ $ 1,418 $ 11,096
Receivables.............................................. 1,361 700
Prepaid expenses and other current assets................ 1,961 1,918
-------- --------
Total current assets................................... 4,740 13,714
-------- --------
Investments and other assets:
Investments in and advances to subsidiaries*............. 155,135 175,029
Investments in unconsolidated affiliates and equity
securities.............................................. 18,235 14,471
Other assets............................................. 14,881 5,626
-------- --------
Total investments and other assets..................... 188,251 195,126
-------- --------
Property and equipment:
Cost..................................................... 3,363 5,213
Accumulated depreciation, depletion and amortization..... (3,080) (3,316)
-------- --------
283 1,897
-------- --------
Total assets........................................... $193,274 $210,737
======== ========
Current liabilities:
Notes payable............................................ $ 792 $ --
Current maturities of long-term debt..................... 4,795 --
Accrued liabilities...................................... 1,597 2,871
Accrued interest......................................... 513 533
Income taxes payable..................................... 16 268
-------- --------
Total current liabilities.............................. 7,713 3,672
-------- --------
Long-term debt............................................. 28,674 43,363
-------- --------
Other liabilities.......................................... 11,597 9,160
-------- --------
Stockholders' equity....................................... 145,290 154,542
-------- --------
Total liabilities and stockholders' equity............. $193,274 $210,737
======== ========
</TABLE>
- --------
* Eliminated in consolidation.
This condensed statement should be read in conjunction with the Consolidated
Financial Statements and Notes thereto which are included in Item 8 herein.
66
