Tuesday Morning Corporation
04/22/2021 | Press release | Distributed by Public on 04/22/2021 15:14
Current Report (SEC Filing - 8-K)
Exhibit 99.1
| FOR THE CALENDAR QUARTER BEGINNING JANUARY 1, 2021 THROUGH MARCH 31, 2021 | ||||
| CASE NAME: | Tuesday Morning Corporation, et al. | |||
| CASE NUMBER: | 20-31476 (Jointly Administered) | |||
| UNITED STATES BANKRUPTCY COURT | ||||
| NORTHERN AND EASTERN DISTRICTS | ||||
| DALLAS AND TYLER DIVISONS | ||||
| FOR POST CONFIRMATION USE | ||||
| QUARTERLY OPERATING REPORT | ||||
| AND | ||||
| QUARTERLY BANK RECONCILEMENT | ||||
| In accordance with Title 28, Section 1746, of the United States Code, I declare under penalty of perjury that I have | ||||
| examined the attached Post Confirmation Quarterly Operating Report, and the Post Confirmation Quarterly Bank | ||||
| Reconcilement and, to the best of my knowledge, these documents are true, correct and complete. Declaration of the | ||||
| preparer (other than responsible party), is based on all information of which preparer has any knowledge. | ||||
| RESPONSIBLE PARTY: | ||||
| Original Signature of Responsible Party | ||||
| Printed Name of Responsible Party | STACIE SHIRLEY | |||
| Title | EVP, CHIEF FINANCIAL OFFICER | |||
| Date | April 21, 2021 | |||
| PREPARER: | ||||
| Original Signature of Preparer | ||||
| Printed Name of Preparer | JASON MUSKOVICH | |||
| Title | DIRECTOR - ALIXPARTNERS LLP | |||
| Date | April 21, 2021 | |||
| POST CONFIRMATION | |
| QUARTERLY OPERATING REPORT | |
| CASE NAME: Tuesday Morning Corporation, et al. | |
| CASE NUMBER: 20-31476 (Jointly Administered) |
QUARTER ENDING: March 31, 2021
| 1 | BEGINNING OF QUARTER CASH BALANCE: | $ | 23,409,889.07 | ||||||
| CASH RECEIPTS: | |||||||||
| CASH RECEIPTS DURING CURRENT QUARTER: | |||||||||
| (a). Cash receipts from business operations | + | $ | 162,380,615.60 | ||||||
| (b). Cash receipts from loan proceeds | + | $ | 0.00 | ||||||
| (c). Cash receipts from contributed capital | + | $ | 0.00 | ||||||
| (d). Cash receipts from tax refunds | + | $ | 0.00 | ||||||
| (e). Cash receipts from other sources | + | $ | 148,343,785.46 | ||||||
| 2 | TOTAL CASH RECEIPTS | = | $ | 334,134,290.13 | |||||
| CASH DISBURSEMENTS: | |||||||||
| (A). PAYMENTS MADE UNDER THE PLAN: | |||||||||
| (I). Administrative | + | $ | 0.00 | ||||||
| (2). Secured Creditors | + | $ | 0.00 | ||||||
| (3). Priority Creditors | + | $ | 0.00 | ||||||
| (4). Unsecured Creditors | + | $ | 68,133,799.34 | ||||||
| (5). Additional Plan Payments | + | $ | 3,874,505.10 | ||||||
| (B). OTHER PAYMENTS MADE THIS QUARTER: | |||||||||
| (1). General Business | + | $ | 187,066,610.50 | ||||||
| (2). Other Disbursements | + | $ | 0.00 | ||||||
| 3 | TOTAL DISBURSEMENTS THIS QUARTER | $ | 259,074,914.94 | ||||||
| 4 | CASH BALANCE END OF QUARTER | = | $ | 75,059,375.19 |
| POST CONFIRMATION | |
| QUARTERLY OPERATING REPORT | |
| CASE NAME: Tuesday Morning Corporation, et al. | |
| CASE NUMBER: 20-31476 (Jointly Administered) |
| QUARTER ENDING: March 31, 2021 | TMI | TMP | |||||||||||||||||||||||||||||||
|
Tuesday Morning Corporation |
TMI Holdings, Inc. | Tuesday Morning, Inc. | Friday Morning, LLC | Days of the Week, Inc. | Nights of the Week, Inc. |
Tuesday Morning Partners, Ltd. |
|||||||||||||||||||||||||||
| 1 BEGINNING OF QUARTER CASH BALANCE: | |||||||||||||||||||||||||||||||||
| CASH RECEIPTS: | |||||||||||||||||||||||||||||||||
| CASH RECEIPTS DURING CURRENT QUARTER: | |||||||||||||||||||||||||||||||||
| (a). Cash receipts from business operations | + | $ | 162,380,615.60 | $ | 0.00 | $ | 0.00 | $ | 162,380,615.60 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (b). Cash receipts from loan proceeds | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (c). Cash receipts from contributed capital | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (d). Cash receipts from tax refunds | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (e). Cash receipts from other sources | + | $ | 148,343,785.46 | $ | 0.00 | $ | 0.00 | $ | 148,343,785.46 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| 2 TOTAL CASH RECEIPTS | = | $ | 334,134,290.13 | $ | 0.00 | $ | 0.00 | $ | 310,724,401.06 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| CASH DISBURSEMENTS: | |||||||||||||||||||||||||||||||||
| (A). PAYMENTS MADE UNDER THE PLAN: | |||||||||||||||||||||||||||||||||
| (I). Administrative | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (2). Secured Creditors | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (3). Priority Creditors | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (4). Unsecured Creditors | + | $ | 68,133,799.34 | $ | 0.00 | $ | 0.00 | $ | 68,133,799.34 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (5). Additional Plan Payments | + | $ | 3,874,505.10 | $ | 0.00 | $ | 0.00 | $ | 3,874,505.10 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| (B). OTHER PAYMENTS MADE THIS QUARTER: | |||||||||||||||||||||||||||||||||
| (1). General Business | + | $ | 187,066,610.50 | $ | 0.00 | $ | 0.00 | $ | 98,074,820.44 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 88,991,790.06 | ||||||||||||||||
| (2). Other Disbursements | + | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
| 3 TOTAL DISBURSEMENTS THIS QUARTER | $ | 259,074,914.94 | $ | 0.00 | $ | 0.00 | $ | 170,083,124.88 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 88,991,790.06 | |||||||||||||||||
| 4 CASH BALANCE END OF QUARTER | = | $ | 75,059,375.19 | ||||||||||||||||||||||||||||||
| QUARTERLY FEES DUE TO UST | $ | 501,625.00 | $ | 325.00 | $ | 325.00 | $ | 250,000.00 | $ | 325.00 | $ | 325.00 | $ | 325.00 | $ | 250,000.00 |
| POST CONFIRMATION | |
|
QUARTERLY BANK RECONCILEMENT |
|
| CASE NAME: Tuesday Morning Corporation, et al. | |
| CASE NUMBER: 20-31476 (Jointly Administered) |
The reorganized debtor must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposits, governmental obligations, etc. Accounts'with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets for each bank reconcilement if necessary.
QUARTER ENDING
| Bank Reconciliations | Account #1 | Account #2 | Account #3 | Account #4 | TOTAL | |||||||||||||
| A. Bank | SEE FOLLOWING PAGE FOR BANK ACCOUNT DETAILS | |||||||||||||||||
| B. Account Number | ||||||||||||||||||
| C. Purpose (Type) | ||||||||||||||||||
| 1 Balance Per Bank Statement | $ | 4,038,999.84 | ||||||||||||||||
| 2 Add:Total Deposits Not Credited | +$ | 4,136,000.16 | ||||||||||||||||
| 3 Subtract:Outstanding Checks | $ | 0.00 | ||||||||||||||||
| 4 Other Reconciling Items | $ | 0.00 | ||||||||||||||||
| 5 Month End Balance Per Books | =$ | 8,175,000.00 | ||||||||||||||||
| 6 Number of Last Check Written | ||||||||||||||||||
| 7 Cash: Currency on Hand | +$ | 0.00 | ||||||||||||||||
| 8 Total Cash - End Of Month | $ | 8,175,000.00 |
CASH IN: INVESTMENT ACCOUNTS
| Date of | Type of | |||||||||||||||
| Bank, Account Name & Number | Purchase | Instrument | Value | |||||||||||||
| 9 Signature Bank ***4664 - GUC Escrow Account | +$ | 46,252,962.43 | ||||||||||||||
| 10 Signature Bank ***4672 - Allowed Claims Disbursement Account | +$ | 11,316,267.02 | ||||||||||||||
| 11 Wells Fargo ***2400 - Professional Fee Escrow Account | +$ | 9,315,145.74 | ||||||||||||||
| 12 | + | |||||||||||||||
| 13 Total Cash Investments | =$ | 66,884,375.19 | ||||||||||||||
| 14 TOTAL CASH |
LINE 8 - PLUS LINE 13 = LINE 14 **** |
$ | 75,059,375.19 | |||||||||||||
| **** |
| **** Must tie to Line 4, Quarterly Operating Report |
| POST CONFIRMATION | |
|
QUARTERLY BANK RECONCILEMENT |
|
| CASE NAME: Tuesday Morning Corporation, et al. | |
| CASE NUMBER: 20-31476 (Jointly Administered) |
The reorganized debtor must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposits, governmental obligations, etc. Accounts'with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets for each bank reconcilement if necessary.
QUARTER ENDING:
| GL | Bank Name | Acct Number | Nature of Account | 3/31 Bank Balance | |||||
| 1013 | Wells Fargo | ***3007 | TMI - AP - NACHA ACH | - | |||||
| 1013 | Wells Fargo | ***3015 | TMP - AP - NACHA ACH | - | |||||
| 1015 | Wells Fargo | ***4381 | TMI - Property Tax | - | |||||
| 1018 | Wells Fargo | ***3495 | TMI - Sale Tax II | 168,733.65 | |||||
| 1020 | Wells Fargo | ***7526 | TMI Main Disbursement | 162,008.15 | |||||
| 1025 | Wells Fargo | ***1036 | Friday Morning, Inc. | - | |||||
| 1025 | Wells Fargo | ***5063 | TMI - Main Cash Concentration | 14,200.03 | |||||
| 1025 | Wells Fargo | ***0097 | TMP - Main | 103,367.06 | |||||
| 1025 | Bank of America | ***5718 | TMP - DP Payments | - | |||||
| 1032 | Wells Fargo | ***8307 | TMI - Visa/MC | - | |||||
| 1033 | Wells Fargo | ***8299 | TMI - Discover | - | |||||
| 1034 | Wells Fargo | ***7708 | TMI - American Express | - | |||||
| 1045 | Community First National | ***9812 | Store #863 Depository Account | - | |||||
| 1045 | People Bank | ***1340 | Store #984 Depository Account | 4,135.85 | |||||
| 1045 | Hancock Bank | ***0914 | Store #598 Depository Account | 14,030.90 | |||||
| 1045 | BBVA/Compass Bank | ***9325 | Stores Depository Account | 45,361.27 | |||||
| 1045 | Fifth Third Bank | ***5683 | Stores Depository Account | 10,879.64 | |||||
| 1045 | Regions Bank | ***0300 | Stores Depository Account | 42,053.77 | |||||
| 1045 | Chase Bank | ***3000 | Stores Depository Account | 71,566.78 | |||||
| 1045 | PNC Bank | ***0704 | Stores Depository Account | 26,877.04 | |||||
| 1045 | Wells Fargo | ***4140 | Stores Depository Account | - | |||||
| 1045 | Wells Fargo | ***4488 | Stores Depository Account | - | |||||
| 1045 | Bank of America | ***1681 | Stores Depository Account | 42,213.15 | |||||
| 1045 | BB&T Bank | ***5675 | Stores Depository Account | 39,116.40 | |||||
| 1045 | BancFirst Bank | ***6246 | Store #481 Depository Account | 2,556.25 | |||||
| 1045 | International Bank of Commerce | ***4877 | Stores #953,#1017, #1077 & #1191 Depository Account | 3,260.58 | |||||
| 1045 | Citizens Bank | ***5872 | Stores Depository Account | - | |||||
| 1045 | US Bank | ***1357 | Stores Depository Account | 13,498.37 | |||||
| 1045 | Key Bank | ***4743 | Stores Depository Account | 4,129.37 | |||||
| 1056 | Wells Fargo | ***5892 | TMI - ADP - PR Tax & Garnishment | 591,838.11 | |||||
| 1056 | Wells Fargo | ***5792 | TMP - ADP - PR Tax & Garnishment | 33,867.83 | |||||
| 1062 | Wells Fargo | ***2195 | TMI - Postage | 28,728.17 | |||||
| 1070 | Wells Fargo | ***3193 | TMI - Workers Comp | 552.43 | |||||
| 1082 | Wells Fargo | ***0415 | TMI - UHC Medical | 73,683.00 | |||||
| 1091 | Wells Fargo | ***6906 | TMI - CIGNA Dental/STD | 118,447.74 | |||||
| 1094 | Wells Fargo | ***1184 | TMI - Tax Saver - FSA | - | |||||
| 1099 | JPMorgan Chase Bank | ***7366 | Cash Holding Account | 2,423,894.30 | |||||
| 1100 | Wells Fargo | ***6142 | Wells Fargo Brokerage Services | - | |||||
| TOTAL: | 4,038,999.84 |