Securities and Exchange Commission
Washington, D.C. 20549
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Form 10-Q
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarter Ended March 30, 1997 Commission File
Number 0-12064
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Stratus Computer, Inc.
(Exact name of registrant as specified in its Charter)
Massachusetts No. 04-2697554
(State of Incorporation) (I.R.S. Employer Identification No.)
55 Fairbanks Boulevard, Marlborough, Massachusetts 01752
(Address of principal executive office) (Zip)
(508) 460-2000
(Telephone number, including area code)
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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.
Number of Common Shares outstanding at the latest practicable date,
May 6, 1997: 26,595,802
This filing is to correct the Additional paid-in capital amount as reported on
the Consolidated Balance Sheet as of March 30, 1997.
STRATUS COMPUTER, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
March 30, December 29,
ASSETS 1997 1996
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(Unaudited)
Current assets:
Cash and cash equivalents $145,640 $131,683
Marketable securities 37,552 43,187
Accounts receivable, net 148,771 175,061
Inventories:
Finished products 39,709 35,921
Work-in-process 2,393 1,542
Parts and assemblies 33,927 25,820
Total Inventories --------- ---------
76,029 63,283
Prepaid Expenses 18,513 14,540
Other current assets 13,775 13,773
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Total current assets 440,280 441,527
Property, plant and equipment, at cost 359,041 355,097
Less: accumulated depreciation 237,080 232,341
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Net property, plant and
equipment 121,961 122,756
Other assets, net 72,805 74,638
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Total assets $635,046 $638,921
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
Accounts payable $34,330 $30,357
Accrued expenses:
Payroll 17,247 17,422
Other 29,131 34,204
Income taxes payable 17,061 13,564
Short-term borrowings and obligations 2,342 2,667
Deferred revenue 17,505 17,589
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Total current liabilities 117,616 115,803
Long-term obligations and deferrals 1,970 3,634
Stockholders' equity:
Common stock, $.01 par value, 150,000,000
shares authorized, 26,461,085 and
26,252,242 shares issued and outstanding,
respectively 265 263
Junior common stock, $.01 par value,
500,000 shares authorized - -
Additional paid-in capital 223,908 219,237
Retained earnings 406,202 391,424
Cumulative translation adjustment (3,764) (2,826)
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626,611 608,098
Less: shares in treasury, at cost, 3,600,000
and 2,934,300 shares, respectively (111,151) (88,614)
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Total stockholders' equity 515,460 519,484
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Total liabilities and stockholders' equity $635,046 $638,921
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See accompanying notes.
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 duly authorized.
STRATUS COMPUTER, INC.
(Registrant)
Date May 28, 1997 ROBERT E. DONAHUE
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Robert E. Donahue
Vice President, Finance and
Administration, Chief Financial
Officer and Treasurer, hereunto
duly authorized
