Kmart files 10,000 bankruptcy pages

CHICAGO - Kmart Corp. has $19 billion in assets and $11.56 billion in liabilities, according to financial documents filed in federal court Monday. <br> <br> The information was included in about 10,000 pages of financial data that also listed how much money Kmart has paid to its creditors, employees and others and how much it still owes. <br> <br> The filing, delivered to U.S. Bankruptcy Court in four boxes plus several thick piles of loose pages, is required under bankruptcy law. Kmart was to have filed the document by March 25 but received an extension until Monday. <br> <br> Among Kmart&#39;s assets: $4.5 billion in inventory, $2.7 billion in stock and $1.8 billion in office equipment, furnishings and supplies. <br> <br> Kmart reported $27 billion in retailing revenues for the fiscal year ended Jan. 30. <br> <br> The company also owes billions to banks and various suppliers, including $39.5 million to Nintendo of America Inc. and $38.3 million to Mattel Toys. <br> <br> Kmart subsidiaries also filed financial data, including Bluelight.com, which showed $1.14 billion in liabilities versus $1.7 million in assets. Kmart launched BlueLight.com, a stand-alone e-commerce company, in conjunction with Softbank Venture Capital and Yahoo! in 1999. It acquired the remaining shares last year. <br> <br> Troy, Mich.-based Kmart, which had more than $30 billion in sales in 2000, filed for Chapter 11 bankruptcy protection Jan. 22, following disappointing holiday sales and a stock dive. It has struggled to keep up with discount competitors Wal-Mart Stores Inc. and Target Corp. <br> <br> Monday&#39;s filing also included bonuses and salaries paid to various executives. <br> <br> Kmart is to file an annual report April 30. <br> <br> Shares of Kmart closed Monday at $1.40, up 2 cents in trading on the New York Stock Exchange. <br> <br>

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