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Previous: UNION BANKSHARES CORP, 10-K, 1998-03-31 |
Next: CYTOTHERAPEUTICS INC/DE, 10-K405, 1998-03-31 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K/A
Amended March 31, 1998 to Restate Financial Data Schedules
MARK ONE
[x] ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1997
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number 0-19931
HALLWOOD CONSOLIDATED RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 84-1176750
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
4582 South Ulster Street Parkway
Suite 1700
Denver, Colorado 80237
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 850-7373
Securities Registered Pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange
None on which registered
None
Securities Registered Pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value
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 [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein and will not be contained, to the best
of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]
The aggregate market value of the voting stock held by nonaffiliates of the
registrant as of February 27, 1998 was approximately $24,581,000.
Shares of Common Stock outstanding at February 27, 1998: 3,001,352 Shares.
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains restated summary financial information extracted from
Form 10-K for the year ended December 31, 1996 and Forms 10-Q for the quarters
ended June 30, 1996 and March 31, 1996 for Hallwood Consolidated Resources
Corporation and is qualified in its entirety by reference to such Form 10-K and
Forms 10-Q.
</LEGEND>
<RESTATED>
<CIK> 0000883953
<NAME> HALLWOOD CONSOLIDATED RESOURCES CORPORATION
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 6-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996
<PERIOD-END> DEC-31-1996 JUN-30-1996 MAR-31-1996
<CASH> 628 535 91
<SECURITIES> 0 0 0
<RECEIVABLES> 5,705 5,184 3,249
<ALLOWANCES> 0 0 0
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 10,802 10,549 8,344
<PP&E> 279,821 271,258 270,839
<DEPRECIATION> 212,536 208,197 205,847
<TOTAL-ASSETS> 78,468 73,672 73,533
<CURRENT-LIABILITIES> 10,849 6,667 6,472
<BONDS> 0 0 0
0 0 0
0 0 0
<COMMON> 111 111 111
<OTHER-SE> 43,061 38,441 36,927
<TOTAL-LIABILITY-AND-EQUITY> 78,468 73,762 73,533
<SALES> 34,308 16,227 8,550
<TOTAL-REVENUES> 34,445 16,999 8,577
<CGS> 0 0 0
<TOTAL-COSTS> 10,383 11,758 6,055
<OTHER-EXPENSES> 114 116 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 2,530 1,344 740
<INCOME-PRETAX> 8,161 3,781 1,782
<INCOME-TAX> (49) 68 32
<INCOME-CONTINUING> 8,210 3,713 1,750
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 8,210 3,713 1,750
<EPS-PRIMARY> 3.00 1.35 1.85
<EPS-DILUTED> 2.91 1.32 1.83
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains restated summary financial information extracted from
Forms 10-Q for Hallwood Consolidated Resources Corporation for the quarters
ended March 31, 1997, June 30, 1997 and September 30, 1997 and is
qualified in its entirety by reference to such Forms 10-Q.
</LEGEND>
<RESTATED>
<CIK> 0000883953
<NAME> HALLWOOD CONSOLIDATED RESOURCES CORPORATION
<MULTIPLIER> 1,000
<S> <C> <C> <C>
<PERIOD-TYPE> 9-MOS 6-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-END> SEP-30-1997 JUN-30-1997 MAR-31-1997
<CASH> 372 987 3,017
<SECURITIES> 0 0 0
<RECEIVABLES> 4,973 4915 4,584
<ALLOWANCES> 0 0 0
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 8,717 9,167 13,140
<PP&E> 292,037 286,588 281,714
<DEPRECIATION> 218,808 216,537 214,603
<TOTAL-ASSETS> 82,416 79,591 80,629
<CURRENT-LIABILITIES> 9,233 8,726 12,911
<BONDS> 0 0 0
0 0 0
0 0 0
<COMMON> 30 30 111
<OTHER-SE> 48,056 47,137 45,912
<TOTAL-LIABILITY-AND-EQUITY> 82,416 79,591 80,629
<SALES> 23,509 16,027 8,688
<TOTAL-REVENUES> 23,664 16,159 9,135
<CGS> 0 0 0
<TOTAL-COSTS> 16,379 10,733 5,483
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 1,668 1,162 596
<INCOME-PRETAX> 5,617 4,246 3,056
<INCOME-TAX> 575 147 91
<INCOME-CONTINUING> 5,042 4,117 2,965
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 5,042 4,117 2,965
<EPS-PRIMARY> 1.80 1.47 3.18
<EPS-DILUTED> 1.78 1.45 3.13
</TABLE>
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