SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT TO APPLICATION OR REPORT
Filed pursuant to Sections 12, 13, or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
COMDISCO, INC.
(Exact name of Registrant as Specified in Charter)
AMENDMENT NO. 1
The undersigned Registrant hereby amends the following financial statements of
its Quarterly Report on Form 10-Q for the quarter ended June 30, 1996 as set
forth below:
Part I, Item 1. Financial Statements
Consolidated Balance Sheets - June 30, 1996 and September 30, 1995.
Amended to correct amount of Other Liabilities for September 30, 1995
Pursuant to the requirements of the Securities Exchange Act of 1934 the
Registrant has duly caused this Amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
COMDISCO, INC.
BY: \s\ John J. Vosicky
-----------------------
John J. Vosicky
Executive Vice President and
Chief Financial Officer
August 15, 1996
<PAGE>
Comdisco, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(in millions except number of shares)
<TABLE>
<CAPTION>
June 30 September 30
1996 1995
(unaudited) (audited)
ASSETS
<S> <C> <C>
Cash and cash equivalents ................................................................. $ 24 $ 85
Cash - legally restricted ................................................................. 20 30
Receivables, net .......................................................................... 163 176
Inventory of equipment .................................................................... 155 133
Leased assets:
Direct financing and sales-type ......................................................... 1,748 1,968
Operating (net of accumulated depreciation) ............................................. 2,601 2,107
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Net leased assets ..................................................................... 4,349 4,075
Buildings, furniture and other, net ....................................................... 150 163
Other assets .............................................................................. 407 377
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$ 5,268 $ 5,039
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LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable ............................................................................. $ 1,077 $ 661
Term notes payable ........................................................................ 275 507
Senior and subordinated debt .............................................................. 1,541 1,289
Accounts payable .......................................................................... 166 111
Income taxes .............................................................................. 275 244
Other liabilities ......................................................................... 293 327
Discounted lease rentals .................................................................. 850 1,124
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4,477 4,263
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Stockholders' equity:
Preferred stock $.10 par value ..........................................................
Authorized 100,000,000 shares:
8.75% Cumulative Preferred Stock, Series A and B ...................................
$25 stated value and liquidation preference ........................................
3,562,600 shares issued
(3,625,800 at September 30, 1995) ................................................... 89 91
Common stock $.10 par value .............................................................
Authorized 200,000,000 shares issued 72,476,480 shares
(71,936,982 at September 30, 1995) .................................................... 7 5
Additional paid-in capital .............................................................. 162 154
Deferred compensation (ESOP) ............................................................ (5) (8)
Deferred translation adjustment ......................................................... 5 13
Retained earnings ....................................................................... 831 764
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1,089 1,019
Common stock held in treasury, at cost; 22,104,969 shares
(19,666,386 shares at September 30, 1995) .............................................. (298) (243)
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Total stockholders' equity .......................................................... 791 776
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$ 5,268 $ 5,039
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</TABLE>
See accompanying notes to consolidated financial statements.
