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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1 TO
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended SEPTEMBER 30, 2000
Commission File Number 0-11936
LAFARGE CORPORATION
Incorporated in Maryland
12950 Worldgate Dr., Suite 500
Herndon, Virginia 20170
(703) 480-3600
I.R.S. Employer Identification No.
58-1290226
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 [ ]
There were 68,186,802 shares of our Common Stock and 4,519,010 Exchangeable
Preference Shares of our subsidiary, Lafarge Canada Inc., outstanding as of
October 31, 2000, the latest practicable date. The Exchangeable Preference
Shares are exchangeable at any time into our Common Stock on a one-for-one
basis, entitle their holders to dividend and other rights economically
equivalent to those of the Common Stock, and through a voting trust, vote at
meetings of our stockholders.
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Lafarge Corporation hereby amends its Quarterly Report on Form 10Q for
the quarter ended September 30, 2000 initially filed with the Securities and
Exchange Commission on November 9, 2000 by amending Item 1. of Part I to correct
a typographical error in reporting "Net Income Per Share - Diluted" within the
Condensed Consolidated Statement of Income for the Three Months Ended September
30, 2000. The information reported below is made as of the date of the original
filing.
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
LAFARGE CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED AND IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
THREE MONTHS NINE MONTHS
ENDED SEPTEMBER 30 ENDED SEPTEMBER 30
---------------------------- ---------------------------
2000 1999 2000 1999
------------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
NET SALES $ 892,254 $ 872,416 $2,074,050 $1,962,411
---------- ---------- ----------- -----------
Costs and expenses
Cost of goods sold 619,307 585,434 1,535,712 1,440,661
Selling and administrative 67,575 59,105 197,708 170,213
Amortization of goodwill 4,230 4,388 12,700 13,221
Other income, net (12,918) (6,968) (14,965) (12,175)
---------- ---------- ----------- -----------
Earnings from operations 214,060 230,457 342,895 350,491
Interest expense 14,054 14,622 38,232 45,534
Interest income (2,290) (3,012) (9,905) (10,229)
---------- ---------- ----------- -----------
Earnings before income taxes 202,296 218,847 314,568 315,186
Income tax expense (75,014) (79,816) (116,116) (116,598)
---------- ---------- ----------- -----------
NET INCOME $ 127,282 $ 139,031 $ 198,452 $ 198,588
========= ========== ========== ==========
NET INCOME PER SHARE - BASIC $ 1.73 $ 1.91 $ 2.70 $ 2.74
========= ========= ========== ==========
NET INCOME PER SHARE - DILUTED $ 1.72 $ 1.90 $ 2.69 $ 2.72
========= ========= ========== ==========
DIVIDENDS PER SHARE $ 0.15 $ 0.15 $ 0.45 $ 0.45
========= ========= ========== ==========
</TABLE>
---------------------------
See Notes to Condensed Consolidated Financial Statements.
1
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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.
LAFARGE CORPORATION
Date: November 13, 2000 By: /s/ Larry J. Waisanen
---------------------
Larry J. Waisanen
Executive Vice President
and Chief Financial Officer
(Duly Authorized Officer and
Principal Financial Officer)
