<PAGE>
FORM 10-Q/A
(AMENDMENT NO. 1)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: MARCH 30, 1996 Commission file no. 0-15338
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SEATTLE FILMWORKS, INC.
-----------------------
(Exact name of registrant as specified in its charter)
WASHINGTON 91-0964899
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(State or other jurisdiction of (I.R.S. Employer Identification No.
incorporation or organization)
1260 16TH AVENUE WEST, SEATTLE, WA 98119
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (206) 281-1390
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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 the
filing requirements for the past 90 days.
Yes X No
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As of April 30, 1996, there were issued and outstanding 10,809,951 shares
of common stock, par value $.01 per share.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this amended report to be signed on
its behalf by the undersigned, thereunto duly authorized.
SEATTLE FILMWORKS, INC.
(REGISTRANT)
DATED: May 31, 1996 By: //s// Case H. Kuehn
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Case H. Kuehn
Vice President-Finance
Chief Financial Officer
(Principal Financial and
Accounting Officer)
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEATTLE
FILMWORKS INC. SECOND QUARTER 1996 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-28-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-30-1996
<CASH> 7114
<SECURITIES> 0
<RECEIVABLES> 1286<F1>
<ALLOWANCES> 0
<INVENTORY> 6992
<CURRENT-ASSETS> 16334
<PP&E> 4329<F1>
<DEPRECIATION> 0
<TOTAL-ASSETS> 31492
<CURRENT-LIABILITIES> 8727
<BONDS> 0
0
0
<COMMON> 108
<OTHER-SE> 19531
<TOTAL-LIABILITY-AND-EQUITY> 31492
<SALES> 0
<TOTAL-REVENUES> 34510
<CGS> 20907
<TOTAL-COSTS> 11537
<OTHER-EXPENSES> (161)
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1
<INCOME-PRETAX> 2226
<INCOME-TAX> 772
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1454
<EPS-PRIMARY> .12
<EPS-DILUTED> .12
<FN>
<F1>ASSET VALUES REPRESENT NET AMOUNTS
</FN>
</TABLE>
