UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Cal Dive International, Inc. et al ⁽¹⁾

Case No. 15-10458 (CSS)

Reporting Period: 3/4/15 - 3/31/15

MONTHLY OPERATING REPORT

 

 

Document

Explanation

Affidavit/Supplement Attached

REQUIRED DOCUMENTS

Form No.

Attached

Attached

Schedule of Cash Receipts and Disbursements

MOR-1

X

 

 

     Bank Reconciliation (or copies of debtor's bank reconciliations)

MOR-1a

X

 

     Schedule of Professional Fees Paid

MOR-1b

X

 

 

     Copies of bank statements

 

 

X

 

     Cash disbursements journals

 

 

X

 

Statement of Operations

MOR-2

X

 

 

Balance Sheet

MOR-3

X

 

 

Status of Postpetition Taxes

MOR-4

X

 

 

    Copies of IRS Form 6123 or payment receipt

 

 

X

 

    Copies of tax returns filed during reporting period

 

 

X

 

Summary of Unpaid Postpetition Debts

MOR-4

X

 

 

    Listing of aged accounts payable

MOR-4

X

 

 

Accounts Receivable Reconciliation and Aging

MOR-5

X

 

 

Debtor Questionnaire

MOR-5

X

 

 

 

 

 

 

 

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the

best of my knowledge and belief.

/s/  Quinn J. Hébert__ ____________

Signature of Authorized Individual

Date

Printed Name of Authorized Individual

Title of Authorized Individual

Notes:

(1) The Debtors are Cal Dive International, Inc. 15-10458, Cal Dive Offshore Contractors, Inc. 15-10459,  Affiliated Marine Contractors, Inc. 15-10460, Fleet Pipeline Services, Inc. 15-10461, CDI Renewables, LLC 15-10462 and Gulf Offshore Construction, Inc. 15-10463.

UNITED STATES BANKRUPTCY COURT

DISTRICT OF DELAWARE

In re: Cal Dive International, Inc. et al ⁽¹⁾

Reporting Period:  3/4/15-3/31/15

Debtor‐in‐Possession Financial Statements – The financial statements and supplemental information contained herein are unaudited, preliminary, and may not comply with generally accepted accounting principles in the  United States of America ("U.S. GAAP") in all material respects. In addition, the financial statements and supplemental information contained herein represent the financial information for the Debtors only and exclude certain Non‐Debtor  subsidiaries⁽¹⁾.

American Institute of Certified Public Accountants Statement of Position 90‐7, "Financial Reporting by Entities in Reorganization under the Bankruptcy Code" ("SOP 90‐7"), which is applicable to companies in chapter 11, generally does not change the manner in which financial statements are prepared. It does require, however, that the financial statements for periods subsequent to the filing of the chapter 11 petition distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. The Debtors' financial statements contained herein have been prepared in accordance with the guidance in SOP 90‐7. The unaudited financial statements have been derived from the books and records of the Debtors. This information, however, has not been subject to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP, and upon the application of such procedures, the Debtors believe that the financial information could be subject to changes, and these changes could be material. The information furnished in this report includes primarily normal recurring adjustments, but does not include all of the adjustments that would typically be made in accordance with U.S. GAAP.

The results of operations contained herein are not necessarily indicative of results which may be expected from any other period or for the full year and may not necessarily reflect the results of operations, financial position, and cash  flows of the Debtors in the future.

Intercompany Transactions – Receivables and payables between the Debtors and Non‐Debtors have not been eliminated in the financial statements contained herein. No conclusion as to the legal obligation related to these intercompany transactions is made by the presentation herein.

Liabilities Subject to Compromise – As a result of the chapter 11 filings, the payment of prepetition indebtedness is subject to compromise or other treatment under applicable provisions of the Bankruptcy Code. The determination of  how liabilities will ultimately be settled and treated cannot be made at this time.  Accordingly, the ultimate amount of  such liabilities is not determinable at this time. SOP 90‐7 requires prepetition liabilities that are subject to compromise to be reported at the amounts expected to be allowed, even if they may be settled for lesser amounts. The amounts currently classified as Liabilities Subject to Compromise are preliminary and may be subject to future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured  status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued  reconciliation or other events.  The existing senior secured, super-priority Debtor-In-Possession obligations have not  been classified as Liabilities Subject to Compromise.

Bank Account Reconciliations & Cash Disbursement Journals - The Debtors affirm that bank reconciliations are  prepared for all open and active bank accounts on a monthly basis.  The Debtors affirm that within its financial accounting systems, check registers and/or disbursement journals are maintained for each disbursement account.

Post-Petition Taxes - The Debtors affirm that all necessary federal, state and local tax returns have been filed and all required post petition tax payments in connection therewith have been made on a timely basis.

Notes:

(1) The Debtors are Cal Dive International, Inc. 15-10458, Cal Dive Offshore Contractors, Inc. 15-10459,   Affiliated Marine Contractors, Inc. 15-10460, Fleet Pipeline Services, Inc. 15-10461, CDI Renewables, LLC 15-10462  and Gulf Offshore Construction, Inc. 15-10463.

In re:  Cal Dive International, Inc.

Case No.  15-10458

Debtor

Reporting Period: 3/4/15 - 3/31/15

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS 

 

 

BANK ACCOUNTS

 

 

 CURRENT MONTH  

 

CUMULATIVE FILING TO DATE

 

 

 OPER.

PAYROLL

 

TAX

 

OTHER

 

 

 ACTUAL

 

PROJECTED

 

 

ACTUAL

 

 PROJECTED

CASH BEGINNING  OF MONTH

$

167,935

$

-

$

-

$

-

$

167,935

$

-

$

-

$

-

RECEIPTS

 

CASH  SALES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

ACCOUNTS RECEIVABLE

$

1,981,792

$

-

$

-

$

-

$

1,981,792

$

-

$

-

$

-

DIP BORROWINGS

$

109,000,000

$

-

$

-

$

-

$

109,000,000

$

-

$

-

$

-

SALE  OF  ASSETS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

OTHER

$

119,177

$

-

$

-

$

-

$

119,177

$

-

$

-

$

-

TRANSFERS FROM DEBTORS

$

8,197,005

$

-

$

-

$

-

$

8,197,005

$

-

$

-

$

-

TRANSFERS FROM NON DEBTORS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

    TOTAL  RECEIPTS

$

119,297,974

$

-

$

-

$

-

$

119,297,974

$

-

$

-

$

-

DISBURSEMENTS

DIP REPAYMENTS

$

1,500,000

$

-

$

-

$

-

$

1,500,000

$

-

$

-

$

-

PREPETITION 1ST LIEN FACILITY REPAYMENT

$

99,800,000

$

-

$

-

$

-

$

99,800,000

$

-

$

-

$

-

INSURANCE

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

EMPLOYEE AND BENEFITS

$

196,122

$

-

$

-

$

-

$

196,122

$

-

$

-

$

-

CLOSING FEES

$

3,895,553

$

-

$

-

$

-

$

3,895,553

$

-

$

-

$

-

(1)

OTHER

$

5,166

$

-

$

-

$

-

$

5,166

$

-

$

-

$

-

(2)

TRANSFERS TO DEBTORS

$

12,064,842

$

-

$

-

$

-

$

12,064,842

$

-

$

-

$

-

TRANSFERS TO NON DEBTORS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

PROFESSIONAL FEES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

U.S. TRUSTEE  QUARTERLY FEES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

COURT COSTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

TOTAL DISBURSEMENTS

$

117,461,683

$

-

$

-

$

-

$

117,461,683

$

-

$

-

$

-

 

NET CASH FLOW

$

1,836,291

$

-

$

-

$

-

$

1,836,291

$

-

$

-

$

-

(RECEIPTS LESS DISBURSEMENTS)

 

CASH - END OF MONTH

$

2,004,226

$

-

$

-

$

-

$

2,004,226

$

-

$

-

$

-

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)

TOTAL DISBURSEMENTS

$

117,461,683

    LESS:  TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS

$

12,064,842

    PLUS:   ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)

$

-

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

$

105,396,841

Notes:

(1)  Fees associated with the closing of the DIP Credit Agreement and interest accrued on the prepetition first lien facility.

(2)  Commercial Banking Fees.

In re:  Cal Dive Offshore Contractors, Inc.

Case No.  15-10459

Debtor

Reporting Period: 3/4/15 - 3/31/15

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS 

 

 

 BANK ACCOUNTS

 

 

 CURRENT MONTH

 

 

CUMULATIVE FILING TO DATE

 

 

 OPER.

 

 PAYROLL

 

 TAX

 

 OTHER

 

 

 ACTUAL

 

PROJECTED

 

 

ACTUAL

 

 PROJECTED

 CASH BEGINNING  OF MONTH

$

(5,840)

$

(22,313)

$

-

$

-

$

(28,153)

$

-

 

$

-

$

-

 

 

 

 

 RECEIPTS

 

 

 

 CASH  SALES

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 ACCOUNTS RECEIVABLE

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 NOTE RECEIVABLE

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 SALE  OF  ASSETS

$

72,750

$

-

$

-

$

-

$

72,750

$

-

 

$

-

$

-

(1)

 OTHER

$

329,687

$

-

$

-

$

-

$

329,687

$

-

 

$

-

$

-

 TRANSFERS FROM DEBTORS

$

9,682,650

$

2,382,192

$

-

$

-

$

12,064,842

$

-

 

$

-

$

-

 TRANSFERS FROM NON DEBTORS

$

8,361,529

$

-

$

-

$

-

$

8,361,529

$

-

 

$

-

$

-

 

 

 

 

     TOTAL  RECEIPTS

$

18,446,616

$

2,382,192

$

-

$

-

$

20,828,808

$

-

 

$

-

$

-

 

 

 

 

 DISBURSEMENTS

 

 

 

 NET PAYROLL

$

-

$

1,977,089

$

-

$

-

$

1,977,089

$

-

 

$

-

$

-

 PAYROLL TAXES

$

-

$

401,835

$

-

$

-

$

401,835

$

-

 

$

-

$

-

 SALES, USE, & OTHER TAXES

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 INVENTORY PURCHASES

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 SECURED/ RENTAL/ LEASES

$

159,082

$

-

$

-

$

-

$

159,082

$

-

 

$

-

$

-

 INSURANCE

$

193,163

$

-

$

-

$

-

$

193,163

$

-

 

$

-

$

-

 EMPLOYEE and BENEFITS

$

691,596

$

-

$

-

$

-

$

691,596

$

-

 

$

-

$

-

 SELLING

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 OTHER

$

5,084,637

$

-

$

-

$

-

$

5,084,637

$

-

 

$

-

$

-

 TRANSFERS TO DEBTORS

$

8,197,005

$

-

$

-

$

-

$

8,197,005

$

-

 

$

-

$

-

 TRANSFERS TO NON DEBTORS

$

4,527,731

$

-

$

-

$

-

$

4,527,731

$

-

 

$

-

$

-

 PROFESSIONAL FEES

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 U.S. TRUSTEE  QUARTERLY FEES

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 COURT COSTS

$

-

$

-

$

-

$

-

$

-

$

-

 

$

-

$

-

 TOTAL DISBURSEMENTS

$

18,853,213

$

2,378,924

$

-

$

-

$

21,232,137

$

-

 

$

-

$

-

 

 

 

 

 NET CASH FLOW

$

(406,597)

$

3,268

$

-

$

-

$

(403,330)

$

-

 

$

-

$

-

 (RECEIPTS LESS DISBURSEMENTS)

 

 

 

 

 

 

 

 CASH - END OF MONTH

$

(412,437)

$

(19,045)

$

-

$

-

$

(431,483)

$

-

 

$

-

-

(2)

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)

 TOTAL DISBURSEMENTS

$

21,232,137

     LESS:  TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS

$

8,197,005

     PLUS:   ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)

$

-

 TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

$

13,035,132

Notes:

(1)  Miscellaneous asset sales.

(2)  The Operating and Checking and Payroll Accounts of Cal Dive Offshore Contractors, Inc. are zero balance accounts and are funded by the Holding Account of Cal Dive International, Inc.  The negative cash balance represents outstanding checks written on the accounts which will be funded by the Holding Account.

In re: Affiliated Marine Contractors, Inc.

Case No.  15-10460

In re: Fleet Pipeline Services, Inc.

Case No.  15-10461

In re: CDI Renewables, LLC

Case No.  15-10462

Debtor

Reporting Period: 3/4/15 - 3/31/15

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

NO BANK ACCOUNTS OR CASH ACTIVITY FOR THESE DEBTORS

 

 

BANK ACCOUNTS 

 

 

CURRENT MONTH 

 

 

CUMULATIVE FILING TO DATE

 

 

OPER.

PAYROLL

 

TAX

 

OTHER

 

ACTUAL

PROJECTED

 

 

ACTUAL

PROJECTED

CASH BEGINNING  OF MONTH

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

RECEIPTS

 

CASH  SALES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

ACCOUNTS RECEIVABLE

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

LOANS AND ADVANCES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

SALE  OF  ASSETS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

OTHER

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

TRANSFERS  (FROM  DIP ACCTS)

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

 

 

    TOTAL  RECEIPTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

DISBURSEMENTS

 

NET PAYROLL

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

PAYROLL TAXES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

SALES, USE, & OTHER TAXES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

INVENTORY PURCHASES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

SECURED/ RENTAL/ LEASES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

INSURANCE

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

EMPLOYEE and BENEFITS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

SELLING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

OTHER

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

TRANSFERS (TO DIP ACCTS)

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

PROFESSIONAL FEES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

U.S. TRUSTEE  QUARTERLY FEES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

COURT COSTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

TOTAL DISBURSEMENTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

 

 

NET CASH FLOW

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

(RECEIPTS LESS DISBURSEMENTS)

 

 

 

CASH - END OF MONTH

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)

 

TOTAL DISBURSEMENTS

$

-

    LESS:  TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS

$

-

    PLUS:   ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)

$

-

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

$

-

In re:  Gulf Offshore Construction, Inc.

Case No.  15-10463

Debtor

Reporting Period: 3/4/15 - 3/31/15

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

NO ACTIVITY IN MONTH

 

 

BANK ACCOUNTS 

 

 

CURRENT MONTH 

 

 

CUMULATIVE FILING TO DATE

OPER.

PAYROLL

TAX

OTHER

ACTUAL

PROJECTED

ACTUAL

ROJECTED

CASH BEGINNING  OF MONTH

$

10

$

-

$

-

$

-

$

10

$

-

$

-

$

 -

RECEIPTS

 

CASH  SALES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

ACCOUNTS RECEIVABLE

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

LOANS AND ADVANCES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

SALE  OF  ASSETS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

OTHER

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

TRANSFERS  (FROM  DIP ACCTS)

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

 

 

    TOTAL  RECEIPTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

DISBURSEMENTS

 

NET PAYROLL

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

PAYROLL TAXES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

SALES, USE, & OTHER TAXES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

INVENTORY PURCHASES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

SECURED/ RENTAL/ LEASES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

INSURANCE

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

EMPLOYEE and BENEFITS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

SELLING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

OTHER

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

TRANSFERS (TO DIP ACCTS)

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

PROFESSIONAL FEES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

U.S. TRUSTEE  QUARTERLY FEES

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

COURT COSTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

TOTAL DISBURSEMENTS

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

 

 

NET CASH FLOW

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

 -

(RECEIPTS LESS DISBURSEMENTS)

 

 

 

CASH - END OF MONTH

$

10

$

-

$

-

$

-

$

10

$

-

$

-

$

 -

DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES:   (FROM CURRENT MONTH  ACTUAL COLUMN)

TOTAL DISBURSEMENTS

$

-

    LESS:  TRANSFERS TO DEBTOR IN POSSESSION  ACCOUNTS

$

-

    PLUS:   ESTATE DISBURSEMENTS MADE BY OUTSIDE SOURCES  (i.e. from escrow accounts)

$

-

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE QUARTERLY FEES

$

-

In re: Cal Dive International, Inc.

Case No.  15-10458

In re: Cal Dive Offshore Contractors, Inc.

Case No.  15-10459

In re: Affiliated Marine Contractors, Inc.

Case No.  15-10460

In re: Fleet Pipeline Services, Inc.

Case No.  15-10461

In re: CDI Renewables, LLC

Case No.  15-10462

In re: Gulf Offshore Construction, Inc.

Case No.  15-10463

Debtor

Reporting Period: 3/4/15 - 3/31/15

BANK ACCOUNT INFORMATION 

Continuation Sheet for MOR-1 

Legal Entity

Bank

Bank Account

 

Bank Balance

Cal Dive International, Inc.

Amegy

xxxx3955

$

1,903,672

Cal Dive International, Inc.

Wells Fargo

xxxx5186

$

100,000

Cal Dive International, Inc.

Wells Fargo

xxxx8915

$

553

$

2,004,225

Cal Dive Offshore Contractors, Inc.

Amegy

xxxx5492

$

-

Cal Dive Offshore Contractors, Inc.

Amegy

xxxx7557

$

-

Cal Dive Offshore Contractors, Inc.

Amegy

xxxx5876

$

-

$

-

(1)

Affiliated Marine Contractors

N/A

N/A

N/A

Fleet Pipeline Services, Inc.

N/A

N/A

N/A

CDI Renewables, LLC

N/A

N/A

N/A

Gulf Offshore Construction, Inc.

Amegy

xxxx9900

$

10

$

10

Notes:

(1)  Cal Dive Offshore Contractors, Inc. accounts are zero balance accounts. 

In re: Cal Dive International, Inc.

Case No.  15-10458

In re: Cal Dive Offshore Contractors, Inc.

Case No.  15-10459

In re: Affiliated Marine Contractors, Inc.

Case No.  15-10460

In re: Fleet Pipeline Services, Inc.

Case No.  15-10461

In re: CDI Renewables, LLC

Case No.  15-10462

In re: Gulf Offshore Construction, Inc.

Case No.  15-10463

Debtor

Reporting Period: 3/4/15 - 3/31/15

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID - CASH BASIS ONLY ⁽¹⁾ 

This schedule includes all retained professional payments from case inception to current month. 

Period

Amount

Check

Amount Paid

Year-To-Date

Payee

Service

Covered

Approved

Payor

Number

Date

Fees

Expenses

Fees

Expenses

CARL MARKS ADVISORY GROUP LLC

Crisis Managers & C.R.O.

$

-

$

-

$

-

$

-

 

 

JONES,WALKER,WAECHTR,POITEVENT, CARRERE & DENEGRE LLP

Corporate Counsel

$

-

$

-

$

-

$

-

 

 

KURTZMAN CARSON CONSULTANTS LLC

Claims, noticing, and administrative agent

$

-

$

-

$

-

$

-

 

 

O'MELVENY & MYERS LLP

Debtors' Co-Counsel

$

-

$

-

$

-

$

-

 

 

RICHARDS, LAYTON & FINGER P A

Debtors' Co-Counsel

$

-

$

-

$

-

$

-

 

 

$

-

$

-

$

-

$

-

Notes:

(1) This schedule includes only professional firms retained by debtors' estate and schedule is on a cash basis only.

      The Debtors will report compensation paid to ordinary course professionals within 30 days after the conclusion of each fiscal quarter, per the terms of the Court's order authorizing retention of ordinary course professionals [D.I. 197].

In re: Cal Dive International, Inc.

Case No.  15-10458

Debtor

Reporting Period: 3/4/15 - 3/31/15

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is  prepared on an accrual basis.

 

 

 

 

Cumulative

REVENUES

 

Month

 

Filing to Date

Gross Revenues

$

-

$

-

Net Revenue

$

-

$

-

COST OF SALES

Direct Costs

$

-

$

-

Operations Support

$

-

$

-

Gross Profit (Loss)

$

-

$

-

OPERATING EXPENSES

General and administrative expenses

$

23,682

$

23,682

Other items

$

-

$

-

Provision for doubtful accounts

$

-

$

-

Asset impairment

$

-

$

-

(Gain) loss on sale of assets, net

$

-

$

-

Operating Profit (Loss)

$

(23,682)

$

(23,682)

OTHER INCOME AND EXPENSES

Interest expense, net

$

3,331,555

$

3,331,555

Loss on early extinguishment of debt

$

349,747

$

349,747

Other (income) & expense, net

$

-

$

-

Profit (Loss) before income taxes

$

(3,704,984)

$

(3,704,984)

INCOME TAXES

Income tax (benefit) expense

$

(1,345,482)

$

(1,345,482)

Net Profit (Loss)

$

(2,359,502)

$

(2,359,502)

In re: Cal Dive Offshore Contractors, Inc.

Case No.  15-10459

Debtor

Reporting Period: 3/4/15 - 3/31/15

STATEMENT OF OPERATIONS 

(Income Statement) 

The Statement of Operations is prepared on an accrual basis.

 

 

 

 

Cumulative

REVENUES

 

Month

 

Filing to Date

Gross Revenues

$

696,194

$

696,194

Net Revenue

$

696,194

$

696,194

COST OF SALES

Direct Costs

$

3,217,844

$

3,217,844

Operations Support

$

436,735

$

436,735

Gross Profit (Loss)

$

(2,958,385)

$

(2,958,385)

OPERATING EXPENSES

General and administrative expenses

$

1,603,341

$

1,603,341

Other items

$

-

$

-

Provision for doubtful accounts

$

-

$

-

Asset impairment

$

-

$

-

(Gain) loss on sale of assets, net

$

(72,750)

$

(72,750)

Operating Profit (Loss)

$

(4,488,976)

$

(4,488,976)

OTHER INCOME AND EXPENSES

Interest expense, net

$

4,526

$

4,526

Loss on early extinguishment of debt

$

-

$

-

Other (income) & expense, net

$

1,895,964

$

1,895,964

(1)

Profit (Loss) before income taxes

$

(6,389,466)

$

(6,389,466)

INCOME TAXES

Income tax (benefit) expense

$

-

$

-

Net Profit (Loss)

$

(6,389,466)

$

(6,389,466)

Notes:

(1)  Includes $1.75 million in accrued professional fees associated with the bankruptcy.

In re: Affiliated Marine Contractors, Inc.

Case No.  15-10460

Debtor

Reporting Period: 3/4/15 - 3/31/15

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is prepared on an accrual basis.

 

 

 

 

Cumulative

REVENUES

 

Month

 

Filing to Date

Gross Revenues

$

-

$

-

Net Revenue

$

-

$

-

COST OF SALES

Direct Costs

$

-

$

-

Operations Support

$

-

$

-

Gross Profit (Loss)

$

-

$

-

OPERATING EXPENSES

General and administrative expenses

$

-

$

-

Other items

$

-

$

-

Provision for doubtful accounts

$

-

$

-

Asset impairment

$

-

$

-

(Gain) loss on sale of assets, net

$

-

$

-

Operating Profit (Loss)

$

-

$

-

OTHER INCOME AND EXPENSES

Interest expense, net

$

-

$

-

Loss on early extinguishment of debt

$

-

$

-

Other (income) & expense, net

$

-

$

-

Profit (Loss) before income taxes

$

-

$

-

INCOME TAXES

Income tax (benefit) expense

$

-

$

-

Net Profit (Loss)

$

-

$

-

In re: Fleet Pipeline Services, Inc.

Case No.  15-10461

Debtor

Reporting Period: 3/4/15 - 3/31/15

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is prepared on an accrual basis.

 

 

 

 

Cumulative

REVENUES

 

Month

 

Filing to Date

Gross Revenues

$

-

$

-

Net Revenue

$

-

$

-

COST OF SALES

Direct Costs

$

-

$

-

Operations Support

$

-

$

-

Gross Profit (Loss)

$

-

$

-

OPERATING EXPENSES

General and administrative expenses

$

-

$

-

Other items

$

-

$

-

Provision for doubtful accounts

$

-

$

-

Asset impairment

$

-

$

-

(Gain) loss on sale of assets, net

$

-

$

-

Operating Profit (Loss)

$

-

$

-

OTHER INCOME AND EXPENSES

Interest expense, net

$

-

$

-

Loss on early extinguishment of debt

$

-

$

-

Other (income) & expense, net

$

-

$

-

Profit (Loss) before income taxes

$

-

$

-

INCOME TAXES

Income tax (benefit) expense

$

-

$

-

Net Profit (Loss)

$

-

$

-

In re: CDI Renewables, Inc.

Case No.  15-10462

Debtor

Reporting Period: 3/4/15 - 3/31/15

STATEMENT OF OPERATIONS

(Income Statement)

The Statement of Operations is prepared on an accrual basis.

 

 

 

 

Cumulative

REVENUES

 

Month

 

Filing to Date

Gross Revenues

$

-

$

-

Net Revenue

$

-

$

-

COST OF SALES

Direct Costs

$

-

$

-

Operations Support

$

-

$

-

Gross Profit (Loss)

$

-

$