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<PAGE>
FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended JUNE 27, 1999
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 1-9573
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UNO RESTAURANT CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 04-2953702
------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
100 CHARLES PARK ROAD, WEST ROXBURY, MASSACHUSETTS 02132
--------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(617) 323-9200
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(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year,
----------------------------------------------------
if changed since last report)
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
--- ---
As of July 30, 1999, 10,173,378 shares of the registrant's Common
Stock, $.01 par value, were outstanding.
<PAGE>
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands except share data)
<TABLE>
<CAPTION>
June 27, Sept.27,
1999 1998
-------- --------
(Unaudited)
ASSETS
<S> <C> <C>
CURRENT ASSETS
Cash $ 1,311 $ 2,030
Accounts receivable, net 1,804 1,784
Inventory 2,449 2,296
Prepaid expenses and other assets 289 815
-------- --------
TOTAL CURRENT ASSETS 5,853 6,925
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS
Land 18,373 16,874
Buildings 30,115 27,823
Leasehold improvements 99,526 93,324
Equipment 56,962 52,536
Construction in progress 1,964 3,309
-------- --------
206,940 193,866
Less allowance for depreciation and amortization 77,858 68,543
-------- --------
129,082 125,323
OTHER ASSETS
Deferred income taxes 8,810 7,450
Royalty fee 93 157
Liquor licenses and other assets 3,515 3,340
-------- --------
$147,353 $143,195
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 6,430 $ 6,589
Accrued expenses 9,452 7,949
Accrued compensation and taxes 3,051 2,666
Income taxes payable 1,355 995
Current portion of long-term debt and capital
lease obligations 4,090 4,081
-------- --------
TOTAL CURRENT LIABILITIES 24,378 22,280
Long-term debt, net of current portion 38,958 38,676
Capital lease obligations, net of current portion 521 666
Other liabilities 8,427 7,904
SHAREHOLDERS' EQUITY
Preferred Stock, $1.00 par value, 1,000 shares
authorized, none issued
Common Stock, $.01 par value, 25,000 shares authorized, 13,807 and 13,776
shares issued and out-
standing in Fiscal Years 1999 and 1998, respectively 138 138
Additional paid-in capital 54,129 53,944
Retained earnings 47,628 42,203
-------- --------
101,895 96,285
Treasury Stock (3,728 and 3,175 shares at cost,in
Fiscal Years 1999 and 1998, respectively) (26,826) (22,616)
-------- --------
TOTAL SHAREHOLDERS' EQUITY 75,069 73,669
-------- --------
$147,353 $143,195
-------- --------
-------- --------
</TABLE>
3
<PAGE>
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
<TABLE>
<CAPTION>
THIRTY-NINE WEEKS ENDED
-----------------------
June 27, June 28,
1999 1998
-------- --------
<S> <C> <C>
OPERATING ACTIVITIES
Net Income $ 5,425 $ 3,193
Adjustments to reconcile net income to net cash
provided by operating activities:
Cumulative effect of change in accounting principle 636
Depreciation and amortization 9,530 9,222
Deferred income taxes (1,360) (904)
Provision for deferred rent 266 396
(Gain)Loss on disposal of equipment (7) (6)
Changes in operating assets and liabilities, net of effects from business
acquisitions:
Accounts receivable (20) 1,010
Inventory (153) 81
Prepaid expenses and other assets 323 (942)
Accounts payable and other liabilities 2,070 (882)
Income taxes payable 360 (1,037)
-------- --------
NET CASH PROVIDED BY OPERATING ACTIVITIES 16,434 10,767
INVESTMENT ACTIVITIES
Additions to property, equipment and
leasehold improvements (13,281) (8,574)
Proceeds from sale of fixed assets 7 8
-------- --------
NET CASH USED FOR INVESTING ACTIVITIES (13,274) (8,566)
FINANCING ACTIVITIES
Proceeds from revolving credit agreement 59,223 41,565
Principal payments on revolving credit agreement
and capital lease obligations (59,077) (42,222)
Purchase of Treasury Stock (4,210) (898)
Exercise of stock options 185 95
-------- --------
NET CASH USED BY FINANCING ACTIVITIES (3,879) (1,460)
-------- --------
INCREASE (DECREASE) IN CASH (719) 741
CASH AT BEGINNING OF PERIOD 2,030 1,486
-------- --------
CASH AT END OF PERIOD $ 1,311 $ 2,227
-------- --------
-------- --------
</TABLE>
Certain amounts in fiscal 1998 have been reclassified to permit comparison.
5
<PAGE>
This amendment is being submitted for the purpose of correcting a clerical error
affecting the Consolidated Balance Sheet on page 3 and the Consolidated
Statements of Cash Flow on page 5 of the registrant's quarterly report on Form
10-Q for the fiscal quarter ended June 27, 1999.
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 thereunto duly authorized.
UNO RESTAURANT CORPORATION
(Registrant)
Date: SEPTEMBER 7, 1999 By: /s/ ROBERT M. VINCENT
--------------------- ---------------------------------
Robert M. Vincent
Senior Vice President-Finance,
Chief Financial Officer and Treasurer
(Principal Financial Officer)
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