SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For Quarter Ended March 31, 1995
Commission File Number 1-4929
COMSAT CORPORATION
6560 Rock Spring Drive
Bethesda, MD 20817
(301) 214-3000
District of Columbia 52-0781863
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Indicate by check mark whether the Registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding twelve (12)
months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such
filing requirements for the past ninety (90) days. Yes X No
47,143,000 shares of the Registrant's common stock were
outstanding as of March 31, 1995.
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Part II
OTHER INFORMATION
Item 6. (a) Exhibits
No.10 - Material Contracts
a. Agreement dated November 30, 1993, between Registrant and
Sprint Communications Company L.P. relating to space
segment. (Incorporated by reference to Exhibit 10(ee) to
Registrant's Report on Form 10-K for the fiscal year
ended December 31, 1993.)
(i) Amendment to Agreement, dated April 1995
No. 11 - Computation of Earnings Per Share
No. 27 - Financial Data Schedule
(b) Reports on Form 8-K
None
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SIGNATURES
Pursuant to the requirements on the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
COMSAT Corporation
By /s/Allen E. Flower
Allen E. Flower
Controller
Date: May 30, 1995
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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements for the quarter ended March 31, 1995 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000022698
<NAME> COMSAT CORPORATION
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 16,322
<SECURITIES> 0
<RECEIVABLES> 216,619
<ALLOWANCES> 0
<INVENTORY> 24,380
<CURRENT-ASSETS> 287,972
<PP&E> 2,483,786
<DEPRECIATION> 1,022,449
<TOTAL-ASSETS> 2,017,219
<CURRENT-LIABILITIES> 291,200
<BONDS> 569,440
<COMMON> 314,916
0
0
<OTHER-SE> 522,797
<TOTAL-LIABILITY-AND-EQUITY> 2,017,219
<SALES> 0
<TOTAL-REVENUES> 207,883
<CGS> 0
<TOTAL-COSTS> 121,213
<OTHER-EXPENSES> 56,913
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 8,875
<INCOME-PRETAX> 22,911
<INCOME-TAX> 8,338
<INCOME-CONTINUING> 14,573
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 14,573
<EPS-PRIMARY> 0.31
<EPS-DILUTED> 0.00
</TABLE>
