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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 3
(MARK ONE)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934 [FEE REQUIRED]
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997
[ ] TRANSACTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
FOR THE TRANSITION PERIOD FROM TO
COMMISSION FILE NUMBER: 1-4014
FINA, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 13-1820692
State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
FINA PLAZA, DALLAS, TEXAS 75206
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number Including Area Code: (214) 750-2400
Securities registered pursuant to Section 12(b) of the Act:
NAME OF EACH EXCHANGE
TITLE OF EACH CLASS ON WHICH REGISTERED
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Class A Common Stock $.50 par value American Stock Exchange
Securities registered pursuant to Section 12(g) of the Act:
None
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
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The aggregate market value of the Class A Common voting stock held by
non-affiliates of the Registrant as of February 11, 1998 was $162,562,360 based
on the highest price of $59.8125 per share as recorded by the American Stock
Exchange.
The number of shares outstanding of each of the issuer's classes of common
stock, as of March 6, 1997:
CLASS A COMMON STOCK -- 29,231,972
CLASS B COMMON STOCK -- 2,000,000
Documents Incorporated by Reference: Part III: The Company's Proxy
Statement for Annual Meeting of Stockholders of April 15, 1998
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The following item of Fina, Inc.'s Annual Report on Form 10-K for the
fiscal year ended December 31, 1997 is hereby amended. No exhibits are filed
with this amendment. The amended item is set forth herein in its entirety.
ITEM 6 SELECTED FINANCIAL DATA
FINA, INC. AND SUBSIDIARIES
SUMMARY OF FINANCIAL AND OPERATING DATA
<TABLE>
<CAPTION>
1997 1996 1995 1994 1993
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(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS AND EMPLOYEES)
<S> <C> <C> <C> <C> <C>
FINANCIAL
Sales and other operating revenues..................... $4,462,477 $4,081,244 $3,606,637 $3,421,112 $3,416,223
Depreciation, depletion, amortization, and lease
impairment........................................... 201,854 171,029 213,964* 185,961 198,341
Net earnings:
Earnings before cumulative effect of accounting
change............................................. 126,401 153,206 104,425 102,041 70,353
Net earnings (loss).................................. 126,401 153,206 104,425 102,041 70,353
Earnings per common share:
Earnings before cumulative effect of accounting
change............................................. 4.05 4.91 3.35 3.27 2.26
Net earnings (loss).................................. 4.05 4.91 3.35 3.27 2.26
Capital expenditures................................... 340,716 263,330 218,436 136,381 125,472
Long-term debt......................................... 593,532 584,983 496,331 531,162 740,058
Total long-term obligations............................ 594,988 587,290 498,446 532,148 766,476
Total assets........................................... 3,014,674 2,855,822 2,487,718 2,493,862 2,511,353
Stockholders' equity................................... 1,277,112 1,247,285 1,178,057 1,144,807 1,098,827
Cash dividends per share............................... 3.10 2.70 2.30 1.80 1.60
Average shares outstanding............................. 31,218 31,214 31,198 31,188 31,180
OPERATIONS
Crude oil, condensate, and natural gas liquids produced
(in thousands of net barrels)........................ 3,806 3,808 3,749 4,556 5,905
Natural gas produced (in millions of cubic feet)....... 69,698 56,719 52,119 52,864 67,924
Natural gas sold (in millions of cubic feet)........... 293,531 193,682 190,926 259,515 204,449
Total refinery throughput (barrels per day)............ 232,000 211,000 220,000 215,000 198,000
Major petrochemicals and plastics sold (millions of
pounds).............................................. 4,104 3,700 3,000 3,200 3,000
Company-branded service stations....................... 2,659 2,578 2,702 2,607 2,675
Undeveloped leasehold acreage (net).................... 242,686 212,625 209,167 189,723 203,734
Fee, mineral, and royalty acreage (net)................ 1,045,771 1,036,180 1,035,922 1,036,342 1,045,108
Employees (year-end)................................... 2,873 2,664 2,693 2,770 3,224
</TABLE>
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* Includes a $58,723,000 charge for adoption of Financial Accounting Standard
No. 121 (FAS 121)
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SIGNATURE
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.
FINA, Inc.
(Registrant)
By: /s/ CULLEN M. GODFREY
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Cullen M. Godfrey
Senior Vice President, Secretary and
General Counsel
Date: May 15, 1998
