UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Mark One)
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934. For the quarterly period ended: December 31, 1999
or
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934.
Commission file number 0-22558
IWERKS ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 95-4439361
------------------------------ ----------------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
4540 West Valerio Street
Burbank, California 91505-1046
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(818) 841-7766
(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 number of shares outstanding of the registrant's Common Stock, $0.001 par
value, at February 11, 2000 was 3,541,001 shares.
<PAGE>
Iwerks Entertainment, Inc. hereby amends its Quarterly Report on Form 10-Q
for the quarter ended December 31, 1999, by amending and restating, as set forth
in this Amendment No. 1 to Form 10-Q, (i) its responses for Item 6 of Part
II-Other Information, (ii) its Exhibit 27.1 (Financial Data Schedule) and (iii)
the signature page, contained in its Quarterly Report on Form 10-Q filed
February 14, 2000.
<PAGE>
PART II - OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
A. EXHIBITS:
i) Exhibit 27.1 Financial Data Schedule
B. REPORTS ON FORM 8-K FILED DURING THE QUARTER ENDED DECEMBER 31, 1999:
none
<PAGE>
SIGNATURES
Pursuant to the requirements of Sections 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has caused this report to be signed on its
behalf by the undersigned thereunto duly authorized, in the city of Burbank,
State of California on the 14th day of February, 2000.
IWERKS ENTERTAINMENT, INC.
(Registrant)
By: /S/ JEFFREY M. DAHL
---------------------
Senior Vice President
Chief Financial Officer
(Principal Finance Officer)
By: /S/ BRUCE E. PALMORE
---------------------
Vice President / Controller
(Principal Accounting Officer)
DATE: FEBRUARY 14, 2000
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FROM THE ACCOMPANYING
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS. (AMOUNTS IN THOUSANDS)
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-1-1999
<PERIOD-END> DEC-31-1999
<CASH> 1,746
<SECURITIES> 0
<RECEIVABLES> 4,843
<ALLOWANCES> (2,162)
<INVENTORY> 4,380
<CURRENT-ASSETS> 15,818 <F1>
<PP&E> 37,834 <F2>
<DEPRECIATION> (27,266) <F3>
<TOTAL-ASSETS> 45,497 <F4>
<CURRENT-LIABILITIES> 16,277
<BONDS> 0
0
0
<COMMON> 78,050
<OTHER-SE> 49,478
<TOTAL-LIABILITY-AND-EQUITY> 45,497
<SALES> 16,768
<TOTAL-REVENUES> 16,917 <F5>
<CGS> 14,268
<TOTAL-COSTS> 14,268
<OTHER-EXPENSES> 5,951
<LOSS-PROVISION> 365
<INTEREST-EXPENSE> 152
<INCOME-PRETAX> (3,454)
<INCOME-TAX> 0
<INCOME-CONTINUING> (3,454)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (3,454)
<EPS-BASIC> (1.00)
<EPS-DILUTED> (1.00)
<FN>
<F1> Includes Costs and estimated earnings in excess of billings on uncompleted
contracts of $2,216, assets held for sale of $1,655 and other current assets of
$978.
<F2> Includes film inventory of $22,755.
<F3> Includes film inventory of $18,019.
<F4> Includes long-term portion of assets held for sale of $967.
<F5> Includes interest income of $149.
</FN>
</TABLE>
