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Previous: GATEWAY INDUSTRIES INC /CA/, 10QSB/A, 1996-10-11 |
Next: ELECTRO SCIENTIFIC INDUSTRIES INC, 10-Q, 1996-10-11 |
FORM 10-Q/A
(Amendment No. 1)
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from ________ to ___________
Commission file number: 0-11749
Scios Inc.
State or other jurisdiction of (IRS Employer
incorporation or organization Identification No.)
Delaware 95-3701481
Scios Inc.
2450 Bayshore Parkway, Mountain View, California 94040
(415) 940-6656
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
ofv1934 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 ____
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.
Title Outstanding
Common Stock, $.001 par value 35,931,277
<PAGE>
1. The Consolidated Statements of Cash Flows contained in Part I, Item 1 is
hereby amended in its entirety by substituting the following Consolidated
Statements of Cash Flows:
<PAGE>
SCIOS INC.
AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(In thousands)
<TABLE>
<CAPTION>
Six months ended
June 30,
1996 1995
------------ -----------
(Unaudited)
<S> <C> <C>
Cash flows from operating activities:
Net loss $(15,033) $(13,223)
Adjustments to reconcile net loss to net
cash used by operating activities:
Depreciation and amortization 2,301 1,749
Deferred contract revenue (1,859) 3,672
Equity in net loss of affiliates 1,375 1,658
Change in assets and liabilities:
Accounts receivable (299) (153)
Prepaid expenses 104 402
Other assets 358 88
Accounts payable (2,585) (1,787)
Other accrued liabilities (673) (2,307)
------------ -----------
Net cash used by operating activities (16,311) (9,901)
------------ -----------
Cash flows from investing activities:
Payments for property and equipment, net (2,070) (3,964)
Sales/maturities of marketable securities 97,306 87,266
Purchases of marketable securities (76,544) (93,220)
------------ -----------
Net cash provided (used) by investing activities 18,692 (9,918)
------------ -----------
Cash flows from financing activities:
Issuance of common stock and collection
of notes receivable from stockholders, net 399 357
Purchase of treasury stock (1,455) --
Debt repayments (348) (322)
------------ -----------
Net cash provided (used) by financing activities (1,404) 35
------------ -----------
Net increase in cash and cash equivalents 977 (19,784)
Cash and cash equivalents at beginning of period 2,847 29,674
------------ -----------
Cash and cash equivalents at end of period $ 3,824 $ 9,890
------------ -----------
Supplemental cash flow data:
Cash paid during the period for interest ($307) ($106)
Supplemental disclosure of non-cash investing
and financing:
Net unrealized securities gains (losses) (821) 2,918
Investment in affiliate $ 4,708 $ 3,618
</TABLE>
See notes to consolidated financial statements.
<PAGE>
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.
SCIOS INC.
/s/ Kevin McPherson
By:________________________________________________
Kevin McPherson
Director of Finance (Acting Chief Accounting Officer)
Date: October 9, 1996
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