selling less than cash value
ZAPATA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
Dec. 31, Dec. 31,
2001 2000
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ASSETS
Current assets:
Cash and cash equivalents $ 62,477 $ 19,237
Short-term investments 33,948 55,384
Accounts receivable, net 22,427 11,971
Inventories, net 37,670 37,032
Prepaid expenses and other current assets 1,979 2,150
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Total current assets 158,501 125,774
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Investments and other assets:
Long-term investments, available-for-sale -- 13,396
Other assets 30,937 33,315
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Total investments and other assets 30,937 46,711
Property and equipment, net 82,239 89,374
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Total assets $ 271,677 $ 261,859
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current maturities of long-term debt $ 1,296 $ 1,227
Accounts payable 1,605 2,766
Accrued liabilities 21,864 21,153
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Total current liabilities 24,765 25,146
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Long-term debt 15,510 14,827
Other liabilities 7,952 4,820
Minority interest 53,599 52,071
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Total liabilities 101,826 96,864
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Commitments and contingencies
Stockholders' equity:
Preferred stock, ($.01 par), 200,000 shares
authorized, 0 shares issued 0 and
outstanding as of December 31, 2001 and
December 31, 2000 -- --
Preference stock, ($.01 par), 1,800,000
shares authorized, 0 shares issued and
outstanding as of December 31, 2001 and
December 31, 2000 -- --
Common stock, ($0.01 par), 16,500,000
shares authorized; 3,069,859 and 3,066,718
shares issued; and 2,390,849 and 2,388,708
shares outstanding on December 31, 2001
and December 31, 2000 31 31
Capital in excess of par value 161,869 161,755
Retained earnings 43,743 39,389
Treasury stock, at cost, 679,010 shares at
December 31, 2001 and December 31, 2000 (31,668) (31,668)
Accumulated other comprehensive loss (4,124) (4,512)
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Total stockholders' equity 169,851 164,995
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Total liabilities and
stockholders' equity $ 271,677 $ 261,859
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