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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 25, 1999 Commission File Number 34-24802
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EDELBROCK CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 33-0627520
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
2700 California Street, Torrance, California 90503
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(Address of principal executive offices) (Zip Code)
(310)781-2222
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Registrant's telephone number, including area code
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
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As of May 6, 1999, the Company had 5,243,439 shares of Common Stock outstanding.
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AMENDMENT NO. 1
Edelbrock Corporation hereby amends, as set forth below, its Quarterly Report on
Form 10-Q for the quarterly period ended March 25, 1999 filed on May 6, 1999 to
correct typographical errors shown on the line items "Net change in operating
assets and liabilities" and "Net cash provided by (used in) operating
activities" in its Condensed Consolidated Statement of Cash Flows for the Three
Months Ended March 25, 1999."
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EDELBROCK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
<TABLE>
<CAPTION>
Nine months ended
Increase (Decrease) in Cash and Cash Equivalents March 25,
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1999 1998
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<S> <C> <C>
Operating activities
Net income ............................................. $4,566,000 $3,387,000
Write-off of uncollectible receivable .................. 400,000 1,878,000
Depreciation and amortization........................... 3,452,000 3,130,000
Net change in operating assets and liabilities.......... (9,644,000) (5,503,000)
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Net cash provided by (used in) operating activities ......... (1,226,000) 2,892,000
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Investing activities
Capital expenditures.................................... (3,304,000) (6,111,000)
Other .................................................. 411,000 357,000
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Net cash used in investing activities ....................... (2,893,000) (5,754,000)
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Financing activities
Proceeds from issuance of common stock
under stock option plan ............................ 234,000 146,000
Payments to acquire treasury stock ..................... (222,000) -0-
Debt repayments ........................................ (46,000) (42,000)
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Net cash provided by (used in) financing activities .... (34,000) 104,000
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Net decrease in cash and cash equivalents ................... (4,153,000) (2,758,000)
Cash and cash equivalents at beginning of period............. 8,370,000 9,744,000
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Cash and cash equivalents at end of period .................. $4,217,000 $6,986,000
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Supplemental disclosure of cash flow information
Cash paid during the period for
Interest................................................ $ 152,000 $ 206,000
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Income taxes............................................ $3,050,000 $ 1,869,000
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</TABLE>
The accompanying notes are an integral part of the interim financial statements.
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SIGNATURES
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.
EDELBROCK CORPORATION
Registrant
Date: May 12, 1999 ARISTEDES T. FELES
Aristedes T. Feles
Vice President Finance,
Chief Financial Officer and
Director
