SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 for the fiscal quarter ended
November 1, 1997.
FEDERATED DEPARTMENT STORES, INC.
151 West 34th Street
New York, New York 10001
(212) 695-4400
and
7 West Seventh St.
Cincinnati, Ohio 45202
(513) 579-7000
Delaware 1-13536 13-3324058
(State of (Commission File No.) (I.R.S. Employer
Incorporation) Identification Number)
The Registrant has filed all reports required to be filed by
Section 12, 13 or 15 (d) of the Act during the preceding 12
months and has been subject to such filing requirements for the
past 90 days.
209,811,821 shares of the Registrant's Common Stock, $.01 par
value, were outstanding as of November 29, 1997.
PART I -- FINANCIAL INFORMATION
<TABLE>
FEDERATED DEPARTMENT STORES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(THOUSANDS)
<CAPTION>
39 Weeks Ended 39 Weeks Ended
November 1, 1997 November 2, 1996
<S> <C> <C>
Cash flows from operating activities:
Net income (loss) $ 156,870 $ (23,338)
Adjustments to reconcile net income
(loss) to net cash provided by operating
activities:
Depreciation and amortization of
property and equipment 417,474 379,816
Amortization of intangible assets 20,464 20,464
Amortization of financing costs 16,905 20,790
Amortization of unearned restricted stock 896 1,629
Loss on early extinguishment of debt 38,673 -
Changes in assets and liabilities:
Decrease in accounts receivable 321,733 220,041
Increase in merchandise inventories (1,041,333) (1,076,012)
(Increase) decrease in supplies and
prepaid expenses (10,007) 6,879
(Increase) decrease in other assets not
separately identified (6,995) 20,342
Increase in accounts payable and accrued
liabilities not separately identified 467,991 652,942
Increase (decrease) in current
income taxes 44,055 (2,861)
Decrease in deferred income taxes (16,489) (21,536)
(Decrease) increase in other liabilities
not separately identified (2,184) 6,179
Net cash provided by operating
activities 408,053 205,335
Cash flows from investing activities:
Purchase of property and equipment (410,547) (523,540)
Disposition of property and equipment 120,113 137,464
Decrease in notes receivable 199,997 -
Net cash used by investing activities (90,437) (386,076)
Cash flows from financing activities:
Debt issued 1,284,049 688,665
Financing costs (6,351) (11,096)
Debt repaid (1,445,080) (689,172)
Decrease in outstanding checks 87,724 47,842
Acquisition of treasury stock (1,803) (646)
Issuance of common stock 46,207 125,226
Net cash (used) provided by financing
activities (35,254) 160,819
</TABLE>
(Continued)
<TABLE>
FEDERATED DEPARTMENT STORES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(THOUSANDS)
<CAPTION>
39 Weeks Ended 39 Weeks Ended
November 1, 1997 November 2, 1996
<S> <C> <C>
Net increase (decrease) in cash $ 282,362 $ (19,922)
Cash at beginning of period 148,794 172,518
Cash at end of period $ 431,156 $ 152,596
Supplemental cash flow information:
Interest paid $ 310,052 $ 337,553
Interest received 28,889 33,875
Income taxes paid (net of refunds received) 96,587 18,604
The accompanying notes are an integral part of these unaudited
Consolidated Financial Statements.
</TABLE>
FEDERATED DEPARTMENT STORES, INC.
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 thereunder duly authorized.
FEDERATED DEPARTMENT STORES, INC.
Date December 16, 1997 /s/ Dennis J. Broderick
Dennis J. Broderick
Senior Vice President, General Counsel
and Secretary
/s/ Joel A. Belsky
Joel A. Belsky
Vice President and Controller
(Principal Accounting Officer)
