<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Amendment on Form 10-Q/A to
Quarterly Report on FORM 10-Q
Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
For the quarterly period ended: August 2, 1997
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Commission File Number: 0-17586
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STAPLES, INC.
(Exact name of registrant as specified in its charter)
Delaware 04-2896127
- ------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Research Drive, Westborough, MA 01581
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(Address of principal executive office and zip code)
508-370-8500
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(Registrant's telephone number, including area code)
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
----- -----
The registrant had 163,778,780 shares of Common Stock, par value $.0006,
outstanding as of August 29, 1997.
<PAGE> 2
Item 6 - Exhibits and Reports on Form 8-K.
- ------------------------------------------
A. Exhibits
10.1 Indentures dated as of August 12, 1997 between Staples, Inc. and
The Chase Manhattan Bank, as Trustee, regarding Senior Debt
Securities and Subordinated Debt Securities.
12.1 Computation of Ratio of Earnings to Fixed Charges.
27 Financial Data Schedule.
B. Reports on Form 8-K.
The Company filed the following reports on Form 8-K during the fiscal
quarter ended August 2, 1997.
1. Report on Form 8-K dated May 27, 1997, reporting Amendment No. 2 dated
as of May 27, 1997 to Agreement and Plan of Merger dated September 4,
1996 by and among Staples, Inc., Marlin Acquisition Corp., and Office
Depot, Inc.
2. Report on Form 8-K dated June 26, 1997, reporting June 26, 1997
agreement between Staples, Inc. and Office Depot, Inc. that neither
party would exercise its right to terminate the Agreement and Plan of
Merger prior to July 15, 1997 without written consent of the other
party.
3. Report on Form 8-K dated July 2, 1997, reporting the Termination
Agreement between Staples, Inc. and Office Depot, Inc.
Page 14
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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.
Date: September 16, 1997 /s/ John J. Mahoney
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John J. Mahoney
Executive Vice President and
Chief Financial Officer
Page 15
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF STAPLES, INC. FOR THE SIX MONTHS ENDED AUGUST 2, 1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-START> FEB-01-1997
<PERIOD-END> AUG-02-1997
<CASH> 99,170
<SECURITIES> 2,169
<RECEIVABLES> 177,493
<ALLOWANCES> 3,681
<INVENTORY> 1,012,623
<CURRENT-ASSETS> 1,356,169
<PP&E> 730,331
<DEPRECIATION> 221,696
<TOTAL-ASSETS> 2,088,092
<CURRENT-LIABILITIES> 795,072
<BONDS> 459,696
0
0
<COMMON> 100
<OTHER-SE> 797,802
<TOTAL-LIABILITY-AND-EQUITY> 2,088,092
<SALES> 2,216,861
<TOTAL-REVENUES> 2,216,861
<CGS> 1,692,594
<TOTAL-COSTS> 2,045,752
<OTHER-EXPENSES> 123,025
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<INTEREST-EXPENSE> 10,436
<INCOME-PRETAX> 37,648
<INCOME-TAX> 14,495
<INCOME-CONTINUING> 23,209
<DISCONTINUED> 0
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<NET-INCOME> 23,209
<EPS-PRIMARY> .14
<EPS-DILUTED> .14
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<F1>
<INCOME-BEFORE MINORITY INTEREST> 23,153
<MINORITY INTEREST> 56
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