<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
(MARK ONE)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM _________ TO ___________
COMMISSION FILE NUMBER: 1-13107
REPUBLIC INDUSTRIES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 73-1105145
(STATE OF INCORPORATION) (IRS EMPLOYER IDENTIFICATION NO.)
110 S.E. 6TH STREET
FT. LAUDERDALE, FLORIDA 33301
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (954) 769-6000
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 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 90 days. Yes [X] No[ ]
On August 5, 1998 the registrant had 460,138,063 outstanding shares of
common stock, par value $.01 per share.
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EXPLANTORY NOTE TO FORM 10-Q/A
The Registrant is filing this Amendment No. 1 on Form 10-Q/A to amend
the notes to the unaudited financial statements set forth in Part I, Item 1, by
adding Note 16 on page 13 of the Registrant's June 30, 1998 Quarterly Report on
Form 10-Q, as follows:
16. RESTATEMENT
The Company has restated its 1997 quarterly unaudited condensed
consolidated financial statements to include the results of operations and cash
flows of various businesses acquired in 1997 accounted for under the pooling of
interests method of accounting. These acquisitions had been accounted for as
immaterial pooling of interests transactions in the quarter of acquisition and
prior quarters were not restated in the Company's previously issued financial
statements included in the Company's June 30, 1997 Quarterly Report on Form
10-Q. The quarterly restatement has no impact on previously reported 1997 annual
results. The restatement is a result of a change in the Company's evaluation of
the aggregate impact of individually immaterial pooling of interests
transactions on the Company's prior period financial statements. The effect of
the restatement for the three and six months ended June 30, 1997 is as follows:
<TABLE>
<CAPTION>
Diluted
Revenue Net Income Net Income Per Share
-------------------------- --------------------------- ---------------------------
Three Months Six Months Three Months Six Months Three Months Six Months
------------ ---------- ------------ ---------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C>
As previously reported.......... $2,428.4 $4,253.8 $73.3 $110.9 $.18 $.27
Effect of restatement........... 85.5 202.3 1.2 2.3 -- --
-------- -------- ----- ------ ---- ----
As restated..................... $2,513.9 $4,456.1 $74.5 $113.2 $.18 $.27
======== ======== ===== ====== ==== ====
</TABLE>
The Items of Form 10-Q affected by this Amendment No. 1 on Form 10-Q/A are as
follows:
Part I - Item 1. Financial Statements
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant, Republic Industries, Inc., has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
REPUBLIC INDUSTRIES, INC.
By: /s/ Mary E. Wood
------------------------------
Mary E. Wood
VICE PRESIDENT AND
CORPORATE CONTROLLER
(PRINCIPAL ACCOUNTING OFFICER)
Date: September 11, 1998
