SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 3, 1998
FEDERATED DEPARTMENT STORES, INC.
151 West 34th St., New York, New York 10001
(212) 494-1602
-and-
7 West Seventh Street, Cincinnati, Ohio 45202
(513) 579-7000
Delaware 1-13536 13-3324058
(State of Incorporation) (Commission File No.) (IRS Id. No.)
Item 5. Other Events
This Current Report on Form 8-K is being filed with the
Securities and Exchange Commission by Federated Department
Stores, Inc. ("Federated") for the purpose of filing, as exhibits
hereto, the Unaudited Consolidated Balance Sheets of Federated as
of October 31, 1998, January 31, 1998 and November 1, 1997 and
the Unaudited Consolidated Statements of Cash Flows for the 39
weeks ended October 31, 1998 and November 1, 1997, which are
concurrently being posted on Federated's website at www.federated-
fds.com. The Unaudited Consolidated Balance Sheets and Unaudited
Consolidated Statements of Cash Flows filed herewith should be
read in conjunction with the consolidated financial statements,
the notes thereto and the other information contained in
Federated's Annual Report on Form 10-K for the fiscal year ended
January 31, 1998. Because of the seasonal nature of the
department store business, the cash flows for the 39 weeks ended
October 31, 1998 and November 1, 1997 (which do not include the
Christmas season) are not indicative of the cash flows for the
entire fiscal year.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
The following exhibits are filed herewith:
99.1 Unaudited Consolidated Balance Sheets of Federated
as of October 31, 1998, January 31,1998 and November 1, 1997.
99.2 Unaudited Consolidated Statements of Cash Flows of
Federated for the 39 weeks ended October 31, 1998 and
November 1, 1997.
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 hereunto duly authorized.
FEDERATED DEPARTMENT STORES, INC.
Date December 3, 1998 /s/ Dennis J. Broderick
Dennis J. Broderick
Senior Vice President, General Counsel
and Secretary
EXHIBIT INDEX
Exhibit
Number
99.1 Unaudited Consolidated Balance Sheets of Federated as
of October 31, 1998, January 31, 1998 and November 1, 1997
99.2 Unaudited Consolidated Statements of Cash Flows of
Federated for the 39 weeks ended October 31, 1998 and
November 1, 1997
Exhibit 99.1
FEDERATED DEPARTMENT STORES, INC.
Consolidated Balance Sheets
(Unaudited)
(millions)
October 31, January 31, November 1,
1998 1998 1997
ASSETS:
Current Assets:
Cash $ 164 $ 142 $ 431
Accounts receivable 2,107 2,640 2,513
Merchandise inventories 4,322 3,239 4,288
Supplies and prepaid expenses 120 115 120
Deferred income tax assets 105 58 116
Total Current Assets 6,818 6,194 7,468
Property and Equipment - net 6,406 6,520 6,423
Intangible Assets - net 670 690 697
Other Assets 323 334 344
Total Assets $ 14,217 $ 13,738 $ 14,932
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current Liabilities:
Short-term debt $ 699 $ 556 $ 1,899
Accounts payable and accrued
liabilities 2,998 2,416 3,048
Income taxes 22 88 28
Total Current Liabilities 3,719 3,060 4,975
Long-Term Debt 3,549 3,919 3,683
Deferred Income Taxes 1,024 939 842
Other Liabilities 557 564 561
Shareholders' Equity 5,368 5,256 4,871
Total Liabilities and
Shareholders' Equity $ 14,217 $ 13,738 $ 14,932
Exhibit 99.2
FEDERATED DEPARTMENT STORES, INC.
Consolidated Statements of Cash Flows
(Unaudited)
(millions)
39 Weeks Ended 39 Weeks Ended
October 31, 1998 November 1, 1997
Cash flows from operating activities:
Net income $ 254 $ 157
Adjustments to reconcile net income
to net cash provided by operating
activities:
Depreciation and amortization of property
and equipment 448 418
Amortization of intangible assets 20 21
Amortization of financing costs 6 17
Amortization of unearned restricted stock 1 1
Loss on early extinguishment of debt 23 39
Changes in assets and liabilities:
Decrease in accounts receivable 335 322
Increase in merchandise inventories (1,083) (1,041)
Increase in supplies and prepaid expenses (5) (10)
Increase in other assets not separately
identified (13) (9)
Increase in accounts payable and accrued
liabilities not separately identified 443 468
Increase (decrease)in current income taxes (51) 44
Increase (decrease)in deferred income taxes 38 (16)
Decrease in other liabilities not separately
identified (7) (3)
Net cash provided by operating activities 409 408
Cash flows from investing activities:
Purchase of property and equipment (377) (411)
Disposition of property and equipment 28 120
Decrease in notes receivable 200 200
Net cash used by investing activities (149) (91)
Cash flows from financing activities:
Debt issued 650 1,284
Financing costs - (6)
Debt repaid (563) (1,445)
Increase in outstanding checks 162 88
Acquisition of treasury stock (531) (2)
Issuance of common stock 44 46
Net cash used by financing activities (238) (35)
FEDERATED DEPARTMENT STORES, INC.
Consolidated Statements of Cash Flows
(Unaudited)
(millions)
39 Weeks Ended 39 Weeks Ended
October 31, 1998 November 1, 1997
Net increase in cash $ 22 $ 282
Cash at beginning of period 142 149
Cash at end of period $ 164 $ 431
Supplemental cash flow information:
Interest paid $ 235 $ 310
Interest received 13 29
Income taxes paid (net of refunds received) 206 97
Schedule of noncash investing and financing
activities:
Conversion of long-term debt to common stock 344 -
