<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
FORM 10-K/A
AMENDMENT TO ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
COMMISSION FILE NO. 1-11402
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HFS INCORPORATED
(Exact name of Registrant as specified in its charter)
DELAWARE 22-3059335
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
6 SYLVAN WAY
PARSIPPANY, NEW JERSEY 07054
(Address of principal executive office) (Zip Code)
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(201) 428-9700
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
NAME OF EACH EXCHANGE
TITLE OF EACH CLASS ON WHICH REGISTERED
- ---------------------------------------- ---------------------------
Common Stock, Par Value $.01 New York Stock Exchange
5 7/8% Senior Notes due 1998 New York Stock Exchange
4 1/2% Convertible Senior Notes due 1999 New York Stock Exchange
4 3/4% Convertible Senior Notes due 2003 New York Stock Exchange
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE
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 and 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. [ ]
The aggregate market value of the Common Stock issued and outstanding and
held by nonaffiliates of the Registrant, based upon the closing price for the
Common Stock on the New York Stock Exchange on March 21, 1997, was
$8,313,021,101.
The number of shares outstanding of each of the Registrant's classes of
common stock was 127,628,756 shares of Common Stock outstanding as at March
21, 1997.
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ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
ITEM 14(a)(3) EXHIBITS
EXHIBIT NO. DESCRIPTION
- ----------- -----------------------------------------------------------------
27 Financial Data Schedule
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
HFS INCORPORATED
By: /s/ Henry R. Silverman
-------------------------
Henry R. Silverman
Chairman of the Board and
Chief Executive Officer
Date: March 31, 1997
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, this report has been signed below by the following
persons on behalf of the Registrant and in the capacities and on the dates
indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
- ----------------------------- --------------------------------------------- ------------------
<S> <C> <C>
/s/ Henry R. Silverman Chairman of the Board, Chief Executive March 31, 1997
- ----------------------------- Officer and Director (Principal Executive
Henry R. Silverman Officer)
/s/ Michael P. Monaco Vice Chairman and Chief Financial March 31, 1997
- ----------------------------- Officer (Principal Financial Officer and
Michael P. Monaco Principal Accounting Officer)
/s/ Stephen P. Holmes Vice Chairman and Director March 31, 1997
- -----------------------------
Stephen P. Holmes
/s/ John D. Snodgrass Vice Chairman, President, Chief March 31, 1997
- ----------------------------- Operating Officer and Director
John D. Snodgrass
/s/ James E. Buckman Executive Vice President and General March 31, 1997
- ----------------------------- Counsel and Director
James E. Buckman
/s/ Martin L. Edelman Director March 31, 1997
- -----------------------------
Martin L. Edelman
/s/ Robert E. Nederlander Director March 31, 1997
- -----------------------------
Robert E. Nederlander
/s/ E. John Rosenwald, Jr. Director March 31, 1997
- -----------------------------
E. John Rosenwald, Jr.
/s/ Robert W. Pittman Director March 31, 1997
- -----------------------------
Robert W. Pittman
/s/ Leonard Schutzman Director March 31, 1997
- -----------------------------
Leonard Schutzman
/s/ Robert F. Smith Director March 31, 1997
- -----------------------------
Robert F. Smith
/s/Christel DeHaan Director March 31, 1997
- -----------------------------
Christel DeHaam
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND STATEMENT OF OPERATIONS OF THE COMPANY AS OF AND FOR THE YEAR ENDED
DECEMBER 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BE REFERENCE TO SUCH
FINANCIAL STATEMENTS. AMOUNTS ARE IN WHOLE NUMBERS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<CASH> 55,762,000
<SECURITIES> 22,500,000
<RECEIVABLES> 133,190,000
<ALLOWANCES> 13,248,000
<INVENTORY> 0
<CURRENT-ASSETS> 469,282,000
<PP&E> 271,518,000
<DEPRECIATION> 35,135,000
<TOTAL-ASSETS> 4,288,921,000
<CURRENT-LIABILITIES> 715,458,000
<BONDS> 748,421,000
0
0
<COMMON> 1,299,000
<OTHER-SE> 2,475,202,000
<TOTAL-LIABILITY-AND-EQUITY> 4,288,921,000
<SALES> 799,040,000
<TOTAL-REVENUES> 799,040,000
<CGS> 413,404,000
<TOTAL-COSTS> 413,404,000
<OTHER-EXPENSES> 69,234,000
<LOSS-PROVISION> 8,103,000
<INTEREST-EXPENSE> 32,755,000
<INCOME-PRETAX> 283,647,000
<INCOME-TAX> 144,063,000
<INCOME-CONTINUING> 169,584,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 169,584,000
<EPS-PRIMARY> 1.29
<EPS-DILUTED> 1.29
</TABLE>
