<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
FORM 10-K/A
AMENDMENT NO. 1
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 FOR THE FISCAL YEAR ENDED 31 DECEMBER 1997
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 NUMBER 0-20558
NETWORKS ASSOCIATES, INC.
(Exact name of registrant as specified in its charter)
Delaware 77-0316593
(State of incorporation) (IRS Employer Identification Number)
3965 FREEDOM CIRCLE
SANTA CLARA, CALIFORNIA 95054
(408) 988-3832
(Address, including zip code, and telephone number, including
area code, of Registrant's principal executive offices)
---------------
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: Common Stock,
$.01 par value
Indicate by check mark whether registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Act of 1934 during
the preceding 12 months, 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 the 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. [ ]
The aggregate market value of the voting stock held by non-affiliates of the
issuer as of December 31, 1997 was approximately $3.6 billion. The number of
shares outstanding of the issuer's common stock as of December 31, 1997 was
69,920,883.
Documents incorporated by reference: Items 10, 11, 12, and 13 of Part III are
incorporated by reference from the Registrant's Proxy Statement for the Annual
Meeting of Stockholders to be held May 29, 1998.
<PAGE> 2
EXPLANATORY NOTE
This amendment amends the Annual Report on Form 10-K filed with the
Securities and Exchange Commission on February 17, 1998 by the Registrant. The
cover page, Items 10, 11, 12 and 13 and Exhibit number 27.1 have been amended.
PART III
ITEM 10. DIRECTORS AND OFFICERS OF THE REGISTRANT.
The information required hereunder is incorporated by reference from the
Company's Proxy Statement to be filed in connection with Company's Annual
Meeting of Stockholders to be held May 29, 1998.
ITEM 11. EXECUTIVE COMPENSATION.
The information required hereunder is incorporated by reference from the
Company's Proxy Statement to be filed in connection with Company's Annual
Meeting of Stockholders to be held May 29, 1998.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.
The information required hereunder is incorporated by reference from the
Company's Proxy Statement to be filed in connection with Company's Annual
Meeting of Stockholders to be held May 29, 1998.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
The information required hereunder is incorporated by reference from the
Company's Proxy Statement to be filed in connection with Company's Annual
Meeting of Stockholders to be held May 29, 1998.
2
<PAGE> 3
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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, in the City of
Santa Clara, State of California, on the 2nd day of June, 1998.
NETWORKS ASSOCIATES, INC.
/s/WILLIAM L. LARSON
--------------------------------
William L. Larson
Chief Executive Officer and
Chairman of the Board
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed by the following persons on behalf of the Registrant and
in the capacities indicated on the 2nd day of June, 1998.
.
<TABLE>
<CAPTION>
SIGNATURE TITLE
------------------------- ------------------------------
<S> <C>
/s/WILLIAM L. LARSON Chief Executive Officer and
------------------------- Chairman of the Board (Principal
(William L. Larson) Executive Officer)
* Vice President of Finance and
------------------------- Administration, Chief Financial
(Prabhat K. Goyal) Officer, Treasurer and Secretary
(Principal Financial Officer and
Principal Accounting Officer)
* Director
-------------------------
(Leslie G. Denend)
* Director
-------------------------
(Virginia Gemmell)
* Director
-------------------------
(Edwin L. Harper)
* Director
-------------------------
(Harry J. Saal)
*By: /s/WILLIAM L. LARSON
-------------------------
(William L. Larson)
as Attorney-in Fact
</TABLE>
3
<PAGE> 4
EXHIBIT INDEX
Exhibit Description
- ------- -------------------------------------------------------
27.1 Financial Data Schedule
27.2 Financial Data Schedule
27.3 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C>
<PERIOD-TYPE> YEAR YEAR YEAR
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1996 DEC-31-1997
<PERIOD-START> JAN-01-1995 JAN-01-1996 JAN-01-1997
<PERIOD-END> DEC-31-1995 DEC-31-1996 DEC-31-1997
<CASH> 64,479 125,141 123,494
<SECURITIES> 106,475 134,029 123,882
<RECEIVABLES> 54,935 77,391 125,284
<ALLOWANCES> 0 0 0
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 256,491 367,981 430,272
<PP&E> 47,000 64,973 89,551
<DEPRECIATION> (26,425) (36,610) (60,981)
<TOTAL-ASSETS> 327,350 457,756 601,931
<CURRENT-LIABILITIES> 75,818 121,310 228,986
<BONDS> 0 0 0
653 666 699
0 0 0
<COMMON> 0 0 0
<OTHER-SE> 243,006 328,257 359,060
<TOTAL-LIABILITY-AND-EQUITY> 327,350 457,756 601,931
<SALES> 278,910 421,794 612,193
<TOTAL-REVENUES> 278,910 421,794 612,193
<CGS> 48,722 76,913 108,216
<TOTAL-COSTS> 170,492 239,035 485,756
<OTHER-EXPENSES> 0 0 0
<LOSS-PROVISION> 0 0 0
<INTEREST-EXPENSE> 0 0 0
<INCOME-PRETAX> 68,495 115,394 32,964
<INCOME-TAX> 26,154 51,284 61,320
<INCOME-CONTINUING> 42,341 64,110 (28,356)
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 42,341 64,110 (28,356)
<EPS-PRIMARY> 0.67 0.97 (0.41)
<EPS-DILUTED> 0.62 0.89 (0.41)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS 3-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-START> JAN-01-1997 APR-01-1997 JUL-01-1997 OCT-01-1997
<PERIOD-END> MAR-31-1997 JUN-30-1997 SEP-30-1997 DEC-31-1997
<CASH> 144,116 145,041 155,363 123,494
<SECURITIES> 133,118 129,822 113,853 123,882
<RECEIVABLES> 87,805 103,114 106,705 125,284
<ALLOWANCES> 0 0 0 0
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 398,640 410,502 410,269 430,272
<PP&E> 68,934 76,695 83,993 89,551
<DEPRECIATION> (37,404) (39,225) (43,492) (60,981)
<TOTAL-ASSETS> 505,334 533,637 564,192 601,931
<CURRENT-LIABILITIES> 129,419 116,583 125,620 228,986
<BONDS> 0 0 0 0
675 689 686 699
0 0 0 0
<COMMON> 0 0 0 0
<OTHER-SE> 366,959 407,021 426,709 359,060
<TOTAL-LIABILITY-AND-EQUITY> 505,334 533,837 564,192 601,931
<SALES> 141,362 144,594 152,932 173,305
<TOTAL-REVENUES> 141,362 144,594 152,932 173,305
<CGS> 27,582 22,108 23,555 34,971
<TOTAL-COSTS> 85,595 78,411 105,409 216,341
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 0 0 0 0
<INCOME-PRETAX> 31,082 48,671 27,569 (74,358)
<INCOME-TAX> 17,811 18,023 18,948 6,538
<INCOME-CONTINUING> 13,271 30,648 8,621 (80,896)
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 13,271 30,648 8,621 (80,896)
<EPS-PRIMARY> 0.20 0.45 0.12 (1.16)
<EPS-DILUTED> 0.18 0.42 0.12 (1.16)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS 3-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996
<PERIOD-START> JAN-01-1996 APR-01-1996 JUL-01-1996 OCT-01-1996
<PERIOD-END> MAR-31-1996 JUN-30-1996 SEP-30-1996 DEC-31-1996
<CASH> 102,338 105,452 104,794 118,528
<SECURITIES> 106,075 114,092 112,657 118,703
<RECEIVABLES> 54,519 54,949 63,383 76,193
<ALLOWANCES> 0 0 0 0
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 263,697 297,916 312,602 346,088
<PP&E> 48,198 53,527 56,804 63,180
<DEPRECIATION> (26,975) (31,334) (33,615) (37,299)
<TOTAL-ASSETS> 335,426 359,384 395,854 446,296
<CURRENT-LIABILITIES> 77,261 81,818 83,181 95,519
<BONDS> 0 0 0 0
660 669 690 666
0 0 0 0
<COMMON> 0 0 0 0
<OTHER-SE> 251,518 271,424 305,669 328,257
<TOTAL-LIABILITY-AND-EQUITY> 335,426 359,384 395,854 446,296
<SALES> 87,631 92,447 102,835 124,662
<TOTAL-REVENUES> 87,631 92,447 102,835 124,662
<CGS> 14,633 15,423 16,810 20,949
<TOTAL-COSTS> 53,043 51,178 52,888 61,725
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 0 0 0 0
<INCOME-PRETAX> 22,313 28,182 35,664 44,811
<INCOME-TAX> 10,880 10,097 12,940 16,168
<INCOME-CONTINUING> 11,433 18,085 22,724 28,643
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 11,433 18,085 22,724 28,643
<EPS-PRIMARY> 0.18 0.28 0.34 0.43
<EPS-DILUTED> 0.16 0.25 0.31 0.39
</TABLE>
