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FORM 10-QA
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
February 29, 1996
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period to
MANOR CARE, INC.
COMMISSION FILE NUMBER 1-8195
Incorporated in Delaware E.I.#52-1200376
10750 Columbia Pike, Silver Spring, Maryland 20901
Telephone: (301) 681-9400
Indicate by check mark whether the registrant (l) 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 months, and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
---- ----
62,621,234 Common Shares were outstanding as of April 10, 1996.
This report contains 12 pages.
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MANOR CARE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands)
<TABLE>
<CAPTION>
February 29, 1996 May 31, 1995
(Unaudited) (Note)
<S> <C> <C>
ASSETS
Current assets
Cash and cash equivalents $ 25,600 $ 72,972
Receivables (net of allowances
of $24,783 and $18,797) 93,130 74,203
Inventories 18,445 16,849
Current deferred income tax benefit 30,227 28,005
Other 12,916 10,895
----------- -----------
Total current assets 180,318 202,924
----------- -----------
Property and equipment, at cost
Land 91,851 78,092
Building and improvements 864,203 746,961
Capitalized leases 12,747 12,747
Furniture, fixtures and equipment 202,394 163,278
Facilities in progress 44,083 23,956
----------- -----------
1,215,278 1,025,034
Less accumulated depreciation (317,219) (288,399)
----------- -----------
Net property and equipment 898,059 736,635
----------- -----------
Advances to discontinued lodging segment 225,723 198,522
----------- -----------
Net investment in discontinued operations 127,424 65,829
----------- -----------
Other assets 143,711 85,907
----------- -----------
Total assets $ 1,575,235 $ 1,289,817
=========== ===========
</TABLE>
NOTE: The balance sheet at May 31, 1995 has been taken from the audited
financial statements at that date.
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MANOR CARE, INC. AND SUBSIDIARIES
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MANOR CARE, INC.
(Registrant)
Date: April 10, 1996 By: James A. MacCutcheon
Senior Vice President
and Chief Financial Officer
Date: April 10, 1996 By: James H. Rempe
Senior Vice President
General Counsel and Secretary
Date: April 10, 1996 By: Margarita Schoendorfer
Vice President and
Corporate Controller
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