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Previous: INTEGRATED HEALTH SERVICES INC, S-3/A, 1998-06-04 |
Next: FORTUNE BRANDS INC, 8-K, 1998-06-04 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the quarterly period ended September 30, 1997
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 1-9079
U.S. RESTAURANT PROPERTIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 41-1541631
- ------------------------------- -----------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
5310 Harvest Hill Rd., Ste. 270, LB 168, Dallas, Texas 75230
(Address principal executive offices, including zip code)
972 / 387-1487
(Registrant's telephone number, including area code)
Former name, former address and former fiscal year, if changed since last report
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 shares outstanding of each of the issuer's classes of common stock
as of November 10, 1997 (See explanatory note on next page): 12,658,113
Page 1 of 3
<PAGE>
EXPLANATORY NOTE
U.S. Restaurant Properties, Inc. ("USRP"), as successor by merger to U.S.
Restaurant Properties Master L.P. (the "Partnership"), hereby files on behalf of
the Partnership this amendment to the Partnership's Quarterly Report on Form
10-Q dated September 30, 1997 as filed with the Securities and Exchange
Commission on November 12, 1997 as follows:
USRP hereby submits restated Financial Data Schedules (Exhibit 27) of the
Partnership pursuant to statement of Financial Accounting Standards No. 128,
Earnings Per Share ("SFAS No. 128"). This amendment is intended for EDGAR filing
purposes only and has no impact on the previously reported financial statements,
financial condition, business or assets of USRP or the Partnership.
Page 2 of 3
<PAGE>
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.
U.S. RESTAURANT PROPERTIES, INC.
Dated: June 4, 1997 By /s/ Robert J. Stetson
---------------------------------------
Robert J. Stetson
President, Chief Executive Officer
By /s/ Michael D. Warren
---------------------------------------
Michael D. Warren
Director of Finance
Page 3 of 3
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 1996, MARCH 31, 1997, JUNE 30,
1997 AND SEPTEMBER 30, 1997 AND THE CONSOLIDATED STATEMENTS OF INCOME AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. THE
INFORMATION PROVIDED HAS BEEN RESTATED PURSUANT TO STATEMENT OF FINANCIAL
ACCOUNTING STANDARDS NO. 128, EARNINGS PER SHARE ("SFAS NO. 128").
</LEGEND>
<RESTATED>
<CIK> 0000785994
<NAME> U.S. RESTAURANT PROPERTIES MASTER L.P.
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996
<PERIOD-START> JAN-01-1997 JAN-01-1997 JAN-01-1997 JAN-01-1996
<PERIOD-END> SEP-30-1997 JUN-30-1997 MAR-31-1997 DEC-31-1996
<CASH> 1,666 1,777 1,953 381
<SECURITIES> 0 0 0 0
<RECEIVABLES> 2,819 2,480 1,557 2,234
<ALLOWANCES> 137 140 57 117
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 9,284 7,268 9,054 4,345
<PP&E> 182,351 151,297 99,990 83,772
<DEPRECIATION> 10,338 8,256 6,737 5,453
<TOTAL-ASSETS> 313,808 261,515 201,621 177,418
<CURRENT-LIABILITIES> 4,741 3,261 1,829 677
<BONDS> 0 0 0 0
0 0 0 0
0 0 0 0
<COMMON> 0 0 0 0
<OTHER-SE> 0 0 0 0
<TOTAL-LIABILITY-AND-EQUITY> 313,808 261,515 201,621 177,418
<SALES> 0 0 0 0
<TOTAL-REVENUES> 24,596 14,544 6,153 18,324
<CGS> 0 0 0 0
<TOTAL-COSTS> 1,873 1,189 589 2,080
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 6,661 3,425 1,284 2,364
<INCOME-PRETAX> 7,496 4,869 1,958 7,482
<INCOME-TAX> 46 26 6 9
<INCOME-CONTINUING> 7,450 4,843 0 0
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 819 744 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 6,661 4,099 1,952 7,473
<EPS-PRIMARY> .56 .36 .18 .82
<EPS-DILUTED> .56 .36 .18 .80
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 1995, MARCH 31, 1996, JUNE 30,
1996 AND SEPTEMBER 30, 1996 AND THE CONSOLIDATED STATEMENTS OF INCOME AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. THE
INFORMATION PROVIDED HAS BEEN RESTATED PURSUANT TO STATEMENT OF FINANCIAL
ACCOUNTING STANDARDS NO. 128, EARNINGS PER SHARE ("SFAS NO. 128").
</LEGEND>
<RESTATED>
<CIK> 0000785994
<NAME> U.S. RESTAURANT PROPERTIES MASTER L.P.
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS YEAR
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995
<PERIOD-START> JAN-01-1996 JAN-01-1996 JAN-01-1996 JAN-01-1995
<PERIOD-END> SEP-30-1996 JUN-30-1996 MAR-31-1996 DEC-31-1995
<CASH> 18,865 14,216 18,526 7,127
<SECURITIES> 0 0 0 0
<RECEIVABLES> 1,867,370 1,356,221 1,041,293 1,067,986
<ALLOWANCES> 116,890 116,891 116,891 116,891
<INVENTORY> 0 0 0 20,000
<CURRENT-ASSETS> 5,131,949 1,750,043 3,646,247 3,326,620
<PP&E> 69,979,936 67,338,279 21,931,351 9,113,747
<DEPRECIATION> 4,311,875 3,358,000 2,864,387 2,632,820
<TOTAL-ASSETS> 143,858,489 141,968,057 87,350,863 71,482,739
<CURRENT-LIABILITIES> 1,622,332 1,189,687 624,724 1,365,373
<BONDS> 0 0 0 0
0 0 0 0
0 0 0 0
<COMMON> 0 0 0 0
<OTHER-SE> 0 0 0 0
<TOTAL-LIABILITY-AND-EQUITY> 143,858,489 141,968,057 87,350,863 71,482,739
<SALES> 0 0 0 0
<TOTAL-REVENUES> 13,011,653 7,264,173 2,955,469 9,780,289
<CGS> 0 0 0 0
<TOTAL-COSTS> 1,446,482 897,482 411,521 1,405,380
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 1,720,425 1,011,747 333,395 262,403
<INCOME-PRETAX> 5,791,108 3,195,185 1,318,011 5,270,565
<INCOME-TAX> 17,232 11,079 (4,674) 47,977
<INCOME-CONTINUING> 0 0 0 0
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 5,773,876 3,184,106 1,322,685 5,222,588
<EPS-PRIMARY> .66 .41 .18 .74
<EPS-DILUTED> .63 .39 .17 .73
</TABLE>
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