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Previous: SYSTEM SOFTWARE ASSOCIATES INC, SC 13G, 1998-05-08 |
Next: TELESERVICES INTERNATIONAL GROUP INC, S-8, 1998-05-08 |
PAGE 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
( X ) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 31, 1998
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 1-9618
NAVISTAR INTERNATIONAL CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 36-3359573
------------------------------ -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
455 North Cityfront Plaza Drive, Chicago, Illinois 60611
-------------------------------------------------- -------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 836-2000
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 and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
--- ---
APPLICABLE ONLY TO ISSUERS INVOLVED
IN BANKRUPTCY PROCEEDINGS DURING
THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court. Yes No
--- ---
APPLICABLE ONLY TO CORPORATE ISSUERS:
As of March 9, 1998, the number of shares outstanding of the registrant's
common stock was 49,113,774 and the Class B Common was 19,894,103.
<PAGE>
PAGE 2
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
AMENDMENT TO APPLICATION OR REPORT
Filed Pursuant to Section 12, 13 or 15(d) of
THE SECURITIES EXCHANGE ACT of 1934
Commission File Number 1-9618
NAVISTAR INTERNATIONAL CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends its Quarterly Report on Form 10-Q
for the quarter ended January 31, 1998, solely for the purpose of filing
restated Financial Data Schedules as listed in the Exhibit Index following the
signature page for this Amendment.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
Navistar International Corporation
----------------------------------
(Registrant)
/s/ J. Steven Keate
-------------------
J. Steven Keate
Vice President and Controller
(Principal Accounting Officer)
May 7, 1998
<PAGE>
PAGE 3
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits:
Exhibit No. Description Page
----------- ----------- ----
27.1 Restated Financial Data E-1
Schedule 1997 Fiscal
Year End and Quarter
ended April 30, 1997
27.2 Restated Financial Data E-2
Schedule 1995 Fiscal
Year End and Quarters
ended April 30, 1996 and
July 31, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000,000
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 6-MOS
<FISCAL-YEAR-END> OCT-31-1997 OCT-31-1997
<PERIOD-END> OCT-31-1997 APR-30-1997
<CASH> 609 237
<SECURITIES> 356 533
<RECEIVABLES> 1786 1649
<ALLOWANCES> (31) (31)
<INVENTORY> 483 473
<CURRENT-ASSETS> 0<F1> 0<F1>
<PP&E> 1682 1617
<DEPRECIATION> (847) (869)
<TOTAL-ASSETS> 5516 5204
<CURRENT-LIABILITIES> 0<F1> 0<F1>
<BONDS> 1316 1322
0 0
244 244
<COMMON> 2130 2133
<OTHER-SE> (1354) (1418)
<TOTAL-LIABILITY-AND-EQUITY> 5516 5204
<SALES> 6147 2733
<TOTAL-REVENUES> 6371 2847
<CGS> 5292 2368
<TOTAL-COSTS> 6129 2774
<OTHER-EXPENSES> 215 108
<LOSS-PROVISION> 14 7
<INTEREST-EXPENSE> 74 37
<INCOME-PRETAX> 242 73
<INCOME-TAX> (92) (28)
<INCOME-CONTINUING> 150 45
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 150 45
<EPS-PRIMARY> 1.66<F2> 0.41<F2>
<EPS-DILUTED> 1.65 0.41
<FN>
<F1>The company has adopted an unclassified presentation in the Statement of
Financial Condition.
<F2>Amount represents Basic Earnings Per Share as restated under Statement of
Financial Accounting Standards No. 128.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<MULTIPLIER> 1,000,000
<S> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> OCT-31-1995 OCT-31-1996 OCT-31-1996
<PERIOD-END> OCT-31-1995 APR-30-1996 JUL-31-1996
<CASH> 485 223 201
<SECURITIES> 555 528 386
<RECEIVABLES> 1882 1833 1527
<ALLOWANCES> (28) (28) (24)
<INVENTORY> 416 600 549
<CURRENT-ASSETS> 0<F1> 0<F1> 0<F1>
<PP&E> 1447 1506 1527
<DEPRECIATION> (764) (803) (824)
<TOTAL-ASSETS> 5566 5443 4908
<CURRENT-LIABILITIES> 0<F1> 0<F1> 0<F1>
<BONDS> 1457 1504 1118
0 0 0
244 244 244
<COMMON> 2132 2132 2133
<OTHER-SE> (1506) (1478) (1471)
<TOTAL-LIABILITY-AND-EQUITY> 5566 5443 4908
<SALES> 6125 2785 4110
<TOTAL-REVENUES> 6342 2912 4303
<CGS> 5288 2429 3588
<TOTAL-COSTS> 5782 2835 4198
<OTHER-EXPENSES> 206 111 163
<LOSS-PROVISION> 5 6 15
<INTEREST-EXPENSE> 87 41 63
<INCOME-PRETAX> 262 77 105
<INCOME-TAX> (98) (29) (40)
<INCOME-CONTINUING> 164 48 65
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 164 48 65
<EPS-PRIMARY> 1.83<F2> .46<F2> .59<F2>
<EPS-DILUTED> 1.83 .46 .59
<FN>
<F1>The Company has adopted an unclassified presentation in the Statement of
Financial Condition.
<F2>Amount represents Basic Earnings Per Share as defined in Statement of Financial
Accounting Standards No. 128.
</FN>
</TABLE>
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