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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1 to
Quarterly Report on Form 10-Q
for the fiscal quarter ended November 30, 1993
Filed pursuant to Section 13, or 15(d) of the Securities Exchange Act of 1934
ICF KAISER INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Commission File No. 1-12248
Delaware 54-1437073
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
9300 Lee Highway, Fairfax, Virginia 22031-1207
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (703) 934-3600
The undersigned Registrant hereby amends the consolidated statements of
cash flows filed in connection with its Quarterly Report for the fiscal quarter
ended November 30, 1993, on Form 10-Q as set forth on the replacement page
attached hereto.
This Amendment changes the "Earnings less than (in excess of) cash
distributions from joint ventures and affiliated companies" from 1,943 to
(1,943).
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Amendment No. 1 to be signed on its behalf by
the undersigned, thereto duly authorized.
ICF KAISER INTERNATIONAL, INC.
(Registrant)
/s/
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Cynthia L. Hathaway
Vice President, Assistant General
Counsel and Assistant Secretary
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Consolidated Statements of Cash Flows (Unaudited)
ICF Kaiser International, Inc. and Subsidiaries
(In thousands)
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<CAPTION>
Nine Months Ended
November 30,
1993 1992
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Operating Activities
Net income $ 2,039 $ 7,121
Adjustments to reconcile net income to net cash
provided by (used in) operating activities:
Depreciation and amortization 7,352 8,294
Provision for losses on accounts receivable 1,677 1,244
Provision for deferred income taxes 508 5,157
Earnings less than (in excess of) cash distributions
from joint ventures and affiliated companies (1,943) (4,029)
Decrease in provision for restructuring
and disposal of businesses, net of cash -- (6,551)
Other operating activities -- 1,400
Changes in operating assets and liabilities related to
operating activities, net of dispositions:
Contract receivables 25,021 (8,773)
Prepaid expenses and other current assets 2,432 51
Other assets (902) 54
Accounts payable and accrued expenses (16,501) (17,858)
Income taxes payable (290) 271
Deferred revenue (1,030) 2,339
Other liabilities (4,042) (9,024)
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Net Cash Provided by (Used in) Operating Activities 14,321 (20,304)
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Investing Activities
Investments in subsidiaries and affiliates, net of cash (2,381) (1,146)
Purchases of fixed assets, net (876) (3,563)
Sales of subsidiaries -- 5,894
Other investing activities -- 439
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Net Cash Provided by (Used in) Investing Activities (3,257) 1,624
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Financing Activities
Proceeds from borrowings 10,000 34,748
Principal payments (1,734) (14,590)
Proceeds from (uses in) common stock transactions (1,814) 132
Redemption of redeemable preferred stock (800) (800)
Preferred stock dividends (2,513) (2,623)
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Net Cash Provided by Financing Activities 3,139 16,867
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Effect of Exchange Rate Changes on Cash (232) (275)
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Increase (Decrease) in Cash and Cash Equivalents 13,971 (2,088)
Cash and Cash Equivalents at Beginning of Period 8,445 8,516
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Cash and Cash Equivalents at End of Period $ 22,416 $ 6,428
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Supplemental Information:
Cash payments for interest $ 9,242 $ 7,456
Cash payments (refunds) for income taxes 14 (176)
Decrease of ESOP guaranteed bank loan (3,333) (3,333)
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See notes to consolidated financial statements.
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