EX-99.1 3 g76658exv99w1.txt MONTHLY OPERATING REPORT EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MONTHLY OPERATING REPORT

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. ----------------------------------------- ---------------------------------------------------- Signature of Debtor Date ----------------------------------------- ---------------------------------------------------- Signature of Joint Debtor Date /s/ Ezra Shashoua May 30, 2002 ----------------------------------------- ---------------------------------------------------- Signature of Authorized Individual Date Ezra Shashoua Executive Vice President and Chief Financial Officer ----------------------------------------- ---------------------------------------------------- Printed Name of Authorized Individual Title of Authorized Individual

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR - 1 (a) -- SCHEDULE OF CASH DISBURSEMENTS DOLLARS IN THOUSANDS

Note: A detailed listing of disbursements for the current month, by legal entity, is attached in Exhibit B. UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR-1 (b) -- SUMMARY OF BANK AND INVESTMENT ACCOUNTS DOLLARS IN THOUSANDS

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR-1 (b) -- SUMMARY OF BANK AND INVESTMENT ACCOUNTS DOLLARS IN THOUSANDS

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002

MOR-1 (b) -- SUMMARY OF BANK AND INVESTMENT ACCOUNTS DOLLARS IN THOUSANDS (a) This account is an investment account that contains the shares of NationsRent, Inc. common stock that were repurchased prior to January 2001 and have been recorded, at cost, as treasury stock in the Consolidated Balance Sheet set forth in MOR-3. The following tables sets forth the bank accounts that were opened and closed during the reporting period:

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report is true and correct to the best of my knowledge and belief. /s/ Ezra Shashoua May 30, 2002 --------------------------------------- ------------------------------ Signature of Debtor Date UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR - 2 -- UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS DOLLARS IN THOUSANDS

Note: The above statements of operations represent the consolidated results of the debtors (case numbers 01-11628 through 01-11639). Consolidating statements of operations, by debtor, for the current month and cumulative filing to date are attached in Exhibit A. UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR -3 -- UNAUDITED CONSOLIDATED BALANCE SHEET DOLLARS IN THOUSANDS

Note: The above balance sheet represents the consolidated balances of the debtors (Case numbers 01-11628 through 01-11639) UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR - 4 -- SUMMARY OF UNPAID POSTPETITION ACCOUNTS PAYABLE DOLLARS IN THOUSANDS

Note: The above schedule represents the consolidated accounts payable of the debtors (Case numbers 01-11628 through 01-11639). Explain how and when the Debtor intends to pay any past-due postpetition debts: ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR - 5 -- ACCOUNTS RECEIVABLE RECONCILIATION AND AGING DOLLARS IN THOUSANDS

Note: The above schedule represents the consolidated accounts receivable of the debtors (Case numbers 01-11628 through 01-11639). UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

MOR - 5 -- DEBTORS QUESTIONNAIRE

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NOTES (a) The following is a breakdown of the number of stores operating in each debtor as of the end of the reporting period:

There are no stores operating in NationsRent, Inc. (01-11628), NRGP, Inc. (01-11632), Logan Equipment Corp. (01-11634), NR Delaware, Inc. (01-11631), NationsRent Transportation Services, Inc. (01-11630), NR Franchise Company (01-11636), and NR Dealer, Inc. (01-11635). (b) The following sets forth each of the debtors, their operating purpose and current status:

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ~~In re: NationsRent, Inc., et al. Case No. 01-11628 (PJW) Jointly Administered Reporting periods: December 17, 2001 - April 30, 2002~~

NOTES (c) Inventories, which consist of new equipment for resale, tools, parts and merchandise supply items that are owned by the debtors, are stated at the lower of cost or market. The last physical inventory occurred during the first week of January 2002. (d) No provision has been made for income tax benefit during the reporting period. Future provisions for income taxes will be determined by the debtors' analysis of the impact of the Chapter 11 filings and other recent events on its deferred tax assets and liabilities. (e) Interest expense has been recognized by the debtors only to the extent to which payment is expected. (f) The financial statements are prepared assuming that the debtors will continue as a going concern which contemplates the realization of the carrying amounts of assets and the satisfaction of liabilities in the normal course of business. The historical balance of intangible assets related to acquired businesses, net was charged to expense in the pre-petition period. (g) The current year financial statements and other financial information included in this report have not been audited or reviewed by independent accountants and may be subject to future reconciliation and adjustments.

NATIONSRENT INC 8-K