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 number 001-12138
PDV America, Inc.
-----------------
(Exact name of registrant as specified in its charter)
Delaware 51-0297556
-------- ----------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
750 Lexington Avenue, New York, New York 10022
----------------------------------------------
(Address of principal executive office) (Zip Code)
(212) 753-5340
--------------
(Registrant's telephone number, including area code)
N.A.
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(Former name, former address and former fiscal year,
if changed since last report)
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 the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
Common Stock, $1.00 par value 1,000
----------------------------- -----
(Class) (Outstanding at April 30, 1996)
Page 1
<PAGE>
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 10-K
(a) Exhibits:
27 Financial Data Schedule
(b) Reports on Form 8-K:
No reports on Form 8-K were filed during the quarter
for which this report is filed.
Page 2
<PAGE>
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 by the
undersigned thereunto duly authorized.
PDV AMERICA, INC.
Date: July 9, 1996 /s/ ALONSO VELASCO
------------------------------
Alonso Velasco
President, Chief Executive and
Financial Officer
Date: July 9, 1996 /s/ JOSE M. PORTAS
-------------------------------
Jose M. Portas
Secretary
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<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL
INFORMATION EXTRACTED FROM PDV AMERICA, INC.'S
MARCH 31, 1996 CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 60,400
<SECURITIES> 0
<RECEIVABLES> 949,233
<ALLOWANCES> 18,988
<INVENTORY> 784,282
<CURRENT-ASSETS> 1,829,173
<PP&E> 3,067,411
<DEPRECIATION> 509,839
<TOTAL-ASSETS> 6,446,984
<CURRENT-LIABILITIES> 1,320,411
<BONDS> 2,201,310
0
0
<COMMON> 1
<OTHER-SE> 1,987,806
<TOTAL-LIABILITY-AND-EQUITY> 6,446,984
<SALES> 2,607,195
<TOTAL-REVENUES> 2,635,533
<CGS> 2,521,101
<TOTAL-COSTS> 2,565,488
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 3,030
<INTEREST-EXPENSE> 45,860
<INCOME-PRETAX> 23,435
<INCOME-TAX> 8,860
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 14,755
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
