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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from February 1, 1996 to June 30, 1996
Commission file number 1-2275
THE SEAGRAM COMPANY LTD.
(Exact name of registrant as specified in its charter)
Canada None
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1430 Peel Street, Montreal, Quebec, Canada 1S9 H3A
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (514) 849-5271
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Annual Report on Form 10-K for the
transition period ended June 30, 1996 (the "Form 10-K") as set forth below and
in the page attached hereto:
Item 14. Exhibits, Financial Statement Schedules and Reports on
Form 8-K
Item 14 is hereby amended by deleting Exhibit 99 to the Form
10-K and substituting therefor the Exhibit 99 attached
hereto which reflects a decrease in Interest, Net and Other
for the quarter ended September 30, 1995 and a corresponding
increase in Interest, Net and Other for the quarter ended
June 30, 1996.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE SEAGRAM COMPANY LTD.
By /s/ Edward Falkenberg
------------------------------------
Edward Falkenberg
Vice President and Controller
Date: October 29, 1996
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EXHIBIT 99
Set forth below is certain financial information which has been restated on the
new fiscal year basis. The fiscal quarters ended July 31, 1996, April 30, 1996,
January 31, 1996 and October 31, 1995 of the Company have been restated to
reflect the fiscal quarters ended June 30, 1996, March 31, 1996, December 31,
1995, and September 30, 1995, respectively.
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<CAPTION>
Three Months Ended
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June 30, March 31, December 31, September 30,
1996 1996 1995 1995
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(U.S. dollars in millions, except per share amounts)
<S> <C> <C> <C> <C>
REVENUES
Beverages
Spirits and Wines $ 1,179 $ 1,061 $ 1,724 $ 1,235
Fruit Juices and Other 548 496 486 505
------- ------- ------- -------
Total Attributed Beverages 1,727 1,557 2,210 1,740
------- ------- ------- -------
Entertainment
Filmed Entertainment 846 894 1,009 922
Music Entertainment 309 228 329 339
Recreation 131 100 97 142
Publishing and Other 144 120 202 139
------- ------- ------- -------
Total Attributed Entertainment 1,430 1,342 1,637 1,542
------- ------- ------- -------
Total Attributed Revenues 3,157 2,899 3,847 3,282
------- ------- ------- -------
Adjustment for Equity Companies:
Beverages (66) (64) (82) (89)
Entertainment (212) (200) (205) (222)
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Total Reported Revenues $ 2,879 $ 2,635 $ 3,560 $ 2,971
======= ======= ======= =======
EBITDA
Beverages
Spirits and Wine 160 131 290 169
Fruit Juices and Other 51 43 57 55
Reengineering Charge -- -- (290) --
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Total Beverages 211 174 57 224
------- ------- ------- -------
Entertainment
Filmed Entertainment 67 109 64 139
Music Entertainment (11) (13) 27 21
Recreation 24 13 19 50
Publishing and Other 8 (1) 23 11
------- ------- ------- -------
Total Entertainment 88 108 133 221
------- ------- ------- -------
Total EBITDA $ 299 $ 282 $ 190 $ 445
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Adjustment for Equity
Companies - Beverages (3) (1) (4) (2)
Adjustment for Equity
Companies - Entertainment (26) (22) (23) (21)
Depreciation and Amortization (138) (120) (127) (120)
Corporate Expenses (27) (31) (32) (12)
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Operating Income 105 108 4 290
------- ------- ------- -------
Interest, Net and Other 70 66 70 70
Provision for Income Taxes (49) 28 (44) 140
Minority Interest (5) 1 4 14
------- ------- ------- -------
Net Income $ 89 $ 13 $ (26) $ 66
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Net Income Per Share $ 0.22 $ 0.04 $ (0.07) $ 0.18
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