Estate of Richard R. Simplot - Page 19





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          LIABILITIES & SHAREHOLDERS' EQUITY                                          
          CURRENT LIABILITIES                                                         
          Accounts payable & accrued                                                  
          expenses                          $223,024       $193,987       $174,058    
          Income taxes payable                  1,592            775            917   
          Long-term debt, current portion       3,440          4,126          2,571   
          Total current liabilities           228,056        198,888        177,546   
          LONG-TERM DEBT, less current portion   433,924        380,921        382,554
          OTHER LIABILITIES & DEFERRED CREDITS    15,375         14,495         21,283
          DEFERRED INCOME TAXES                   54,350         61,694         62,734
          731,705        655,998        644,117                                       
          SHAREHOLDERS' EQUITY                                                        
          Class A capital stock, voting,                                              
          $10 par value, authorized 100                                               
          shares, issued 76.445 shares              1             1              1    
          Class B capital stock, nonvoting,                                           
          $10 par value, authorized 249,900                                           
          shares, issued 161,310.269 shares     1,313         1,324          1,336    
          Additional paid-in capital             6,931         6,931          6,931   
          Retained Earnings                    482,660       453,242        438,516   
                                                                                     
          490,905       461,498        446,784                                        
          1,222,610     1,117,496      1,090,901                                      
               The consolidated statements of cash-flow for J.R. Simplot Co.          

          and subsidiaries for their fiscal years ended August 31, 1991,              

          1992, and 1993, reveal:                                                     

                            J.R. SIMPLOT COMPANY & SUBSIDIARIES                       
                           CONSOLIDATED STATEMENTS OF CASH FLOWS                      
                          YEARS ENDED AUG. 31, 1993, 1992 and 1991                    
                                     (in thousands)                                   
          1993          1992            1991                                          
          CASH FLOWS FROM OPERATING ACTIVITIES                                        
          Net Income                           $37,825        $20,545         $5,281  
          Adjustments to reconcile net income                                         
          to net cash provided by operating                                           
          activities:                                                                 
          Depreciation                      52,600         62,129         58,319      
          Deferred income taxes             (6,089)           580         (2,671)     
          Equity investment earnings       (16,378)          (119)        (3,112)     
          Other items, net                   6,842             14          4,190      
          Changes in assets & liabilities:                                            
          Notes & accounts receivable,                                                
          net                             (22,771)       (23,940)        (2,784)      
          Inventories                      (27,335)        63,437         13,180      



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