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Previous: AXIOHM TRANSACTION SOLUTIONS INC, 10-K, 1998-03-31 |
Next: WENDT BRISTOL HEALTH SERVICES CORP, NT 10-K, 1998-03-31 |
FORM 10-K/A-1
SECURlTlES AND EXCHANGE COMMlSSlON
WASHINGTON, D. C. 20549
[X] Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the fiscal year ended
December 31, 1997 Commission File Number 1-8644
IPALCO ENTERPRISES, INC.
(Exact name of Registrant as specified in its charter)
Indiana 35-1575582
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
One Monument Circle
Indianapolis, Indiana 46204
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 317-261-8261
Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange on Which Registered
------------------- -----------------------------------------
IPALCO Enterprises, Inc. New York Stock Exchange
Common Stock (without par value) Chicago Stock Exchange
Common Share Purchase Rights New York Stock Exchange
Chicago 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 the
filing requirements for at least the past 90 days. Yes X No
--- ---
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. (X)
As of January 31, 1998, the aggregate market value of the voting stock held
by non-affiliates of the registrant was: $1,635,286,835 based on the average
of the high and low price of the common stock on such date. As of
January 31, 1998, there were 44,863,302 shares of the registrant's common
stock (without par value)outstanding.
-------------------------------------
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the IPALCO Enterprises, Inc. definitive Proxy Statement for the
Annual Meeting of Shareholders to be held on April 15, 1998, are incorporated by
reference into Part III of this Report.
<PAGE>
We hereby file an amendment to our Form 10-K for the year ended
December 31, 1997. The amendment includes financial data schedules for fiscal
year ends 1995 and 1996 as well as for each of the first three quarters
of 1996 and 1997. These financial data schedules have been restated due
to the issuance of Statement of Financial Standards No. 128 "Earnings per
Share".
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
IPALCO Enterprises, Inc.
By /s/ Stephen J. Plunkett
-----------------------
Stephen J. Plunkett (Controller)
Date: March 31, 1998
--------------
<TABLE> <S> <C>
<ARTICLE> UT
<CIK> 0000728391
<NAME> IPALCO ENTERPRISES, INC.
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<C>
<PERIOD-TYPE> YEAR YEAR 3-MOS 6-MOS
9-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996 DEC-31-1996 DEC-31-1996
DEC-31-1996
<PERIOD-END> DEC-31-1995 DEC-31-1996 MAR-31-1996 JUN-30-1996
SEP-30-1996
<BOOK-VALUE> PER-BOOK PER-BOOK PER-BOOK PER-BOOK
PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,792,007 1,787,969 1,796,304 1,800,577
1,794,286
<OTHER-PROPERTY-AND-INVEST> 114,587 113,661 114,397 114,243
112,791
<TOTAL-CURRENT-ASSETS> 162,894 123,699 177,192 168,270
173,263
<TOTAL-DEFERRED-CHARGES> 161,709 157,740 162,744 162,809
159,377
<OTHER-ASSETS> 0 0 0 0
0
<TOTAL-ASSETS> 2,231,197 2,183,069 2,250,637 2,245,899
2,239,717
<COMMON> 385,032 389,966 387,288 387,206
388,047
<CAPITAL-SURPLUS-PAID-IN> 0 0 0 0
0
<RETAINED-EARNINGS> 436,408 466,397 450,900 454,301
470,398
<TOTAL-COMMON-STOCKHOLDERS-EQ> 822,803 857,726 839,551 842,870
859,808
0 0 0 0
0
51,898 51,898 51,898 51,898
51,898
<LONG-TERM-DEBT-NET> 698,600 662,591 702,559 688,569
687,780
<SHORT-TERM-NOTES> 69,122 46,000 56,500 78,400
77,733
<LONG-TERM-NOTES-PAYABLE> 0 0 0 0
0
<COMMERCIAL-PAPER-OBLIGATIONS> 0 0 0 0
0
<LONG-TERM-DEBT-CURRENT-PORT> 17,500 11,250 15,150 11,250
11,250
0 0 0 0
0
<CAPITAL-LEASE-OBLIGATIONS> 0 0 0 0
0
<LEASES-CURRENT> 0 0 0 0
0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 571,274 553,604 584,979 572,912
551,248
<TOT-CAPITALIZATION-AND-LIAB> 2,231,197 2,183,069 2,250,637 2,245,899
2,239,717
<GROSS-OPERATING-REVENUE> 709,206 762,503 196,446 374,067
579,739
<INCOME-TAX-EXPENSE> 53,975 68,248 20,859 34,402
57,786
<OTHER-OPERATING-EXPENSES> 507,119 531,036 130,743 258,699
389,824
<TOTAL-OPERATING-EXPENSES> 561,094 599,284 151,602 293,101
447,610
<OPERATING-INCOME-LOSS> 148,112 163,219 44,844 80,966
132,129
<OTHER-INCOME-NET> 1,169 1,556 2,422 2,633
2,103
<INCOME-BEFORE-INTEREST-EXPEN> 149,281 164,775 47,266 83,599
134,232
<TOTAL-INTEREST-EXPENSE> 50,503 50,500 11,718 23,592
37,057
<NET-INCOME> 98,778 114,275 35,548 60,007
97,175
3,182 3,182 795 1,591
2,386
<EARNINGS-AVAILABLE-FOR-COMM> 98,778 114,275 35,548 60,007
97,175
<COMMON-STOCK-DIVIDENDS> 81,289 83,630 20,449 41,504
62,559
<TOTAL-INTEREST-ON-BONDS> 46,170 45,110 0 0
0
<CASH-FLOW-OPERATIONS> 208,874 251,124 71,427 107,219
148,832
<EPS-PRIMARY> 1.74 2.01 .63 1.05
1.70
<EPS-DILUTED> 1.74 2.00 .62 1.05
1.70
</TABLE>
<TABLE> <S> <C>
<ARTICLE> UT
<CIK> 0000728391
<NAME> IPALCO ENTERPRISES, INC.
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-END> MAR-31-1997 JUN-30-1997 SEP-30-1997
<BOOK-VALUE> PER-BOOK PER-BOOK PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,777,887 1,771,475 1,765,048
<OTHER-PROPERTY-AND-INVEST> 112,949 112,787 112,744
<TOTAL-CURRENT-ASSETS> 128,010 103,783 119,642
<TOTAL-DEFERRED-CHARGES> 152,259 160,751 157,851
<OTHER-ASSETS> 0 0 0
<TOTAL-ASSETS> 2,171,105 2,148,796 2,155,285
<COMMON> 390,367 392,190 393,604
<CAPITAL-SURPLUS-PAID-IN> 0 0 0
<RETAINED-EARNINGS> 488,244 498,192 524,552
<TOTAL-COMMON-STOCKHOLDERS-EQ> 879,974 490,483 518,257
0 0 0
51,898 51,898 51,898
<LONG-TERM-DEBT-NET> 662,603 1,033,416 1,033,134
<SHORT-TERM-NOTES> 8,000 6,000 10,000
<LONG-TERM-NOTES-PAYABLE> 0 0 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0 0 0
<LONG-TERM-DEBT-CURRENT-PORT> 11,250 30,200 12,794
0 0 0
<CAPITAL-LEASE-OBLIGATIONS> 0 0 0
<LEASES-CURRENT> 0 0 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 557,380 536,799 529,202
<TOT-CAPITALIZATION-AND-LIAB> 2,171,105 2,148,796 2,155,285
<GROSS-OPERATING-REVENUE> 195,299 379,076 582,948
<INCOME-TAX-EXPENSE> 19,827 36,324 59,353
<OTHER-OPERATING-EXPENSES> 130,938 259,126 391,149
<TOTAL-OPERATING-EXPENSES> 150,765 295,450 450,502
<OPERATING-INCOME-LOSS> 44,534 83,626 132,446
<OTHER-INCOME-NET> 695 3,426 6,342
<INCOME-BEFORE-INTEREST-EXPEN> 45,229 87,052 138,788
<TOTAL-INTEREST-EXPENSE> 12,181 29,815 48,136
<NET-INCOME> 51,395 75,584 108,999
795 1,591 2,386
<EARNINGS-AVAILABLE-FOR-COMM> 51,395 75,584 108,999
<COMMON-STOCK-DIVIDENDS> 21,103 35,363 46,514
<TOTAL-INTEREST-ON-BONDS> 0 0 0
<CASH-FLOW-OPERATIONS> 90,661 124,331 179,713
<EPS-PRIMARY> .90 1.43 2.18
<EPS-DILUTED> .90 1.43 2.17
</TABLE>
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