SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
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 No. 0-19666
PHYSICIAN COMPUTER NETWORK, INC.
(Exact name of Registrant as specified in its charter)
New Jersey 22-2485688
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1200 The American Road
Morris Plains, N.J. 07950
(Address of principal executive offices) (Zip Code)
(201) 490-3100
(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 Registrant's Common Stock, $.01 par
value, as of May 13, 1996 is 51,172,125
Page 1 of 4 Pages
Exhibit Index page 3
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 of the
undersigned thereunto duly authorized.
PHYSICIAN COMPUTER NETWORK, INC.
(Registrant)
Date: July 16, 1996 By: /s/ Thomas Wraback
Thomas Wraback
INDEX TO EXHIBITS
All exhibits listed below are filed with this Amendment to Quarterly Report
on Form 10-Q:
EXHIBIT NO. PAGE
11 Computation of Income Per Share *
27 Financial Data Schedule 3
* Previously filed with Form 10-Q of Registrant filed with the Securities
and Exchange Commission on May 15, 1996.
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 9,814,855
<SECURITIES> 0
<RECEIVABLES> 22,330,925
<ALLOWANCES> 864,000
<INVENTORY> 4,622,647
<CURRENT-ASSETS> 39,161,603
<PP&E> 29,012,301
<DEPRECIATION> 25,035,552
<TOTAL-ASSETS> 102,909,665
<CURRENT-LIABILITIES> 46,099,804
<BONDS> 32,312,192
0
64
<COMMON> 447,952
<OTHER-SE> 33,563,224
<TOTAL-LIABILITY-AND-EQUITY> 102,909,665
<SALES> 21,026,948
<TOTAL-REVENUES> 21,026,948
<CGS> 8,794,892
<TOTAL-COSTS> 8,794,892
<OTHER-EXPENSES> 6,900,787
<LOSS-PROVISION> 100,000
<INTEREST-EXPENSE> 635,610
<INCOME-PRETAX> 4,695,659
<INCOME-TAX> 986,000
<INCOME-CONTINUING> 3,314,659
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,314,659
<EPS-PRIMARY> .07
<EPS-DILUTED> .07
</TABLE>
