-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FWQDNaFOOWoF1O3SkkVH45SI73MFIFX2V49OSPW8bd/fyjKH9n2CBXqKFz3N9M1m eq0JdAz2EGVVorTemRx34Q== 0001009675-97-000007.txt : 19970424 0001009675-97-000007.hdr.sgml : 19970424 ACCESSION NUMBER: 0001009675-97-000007 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970330 FILED AS OF DATE: 19970423 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAWTEK INC \FL\ CENTRAL INDEX KEY: 0001009675 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 591864440 STATE OF INCORPORATION: FL FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-28276 FILM NUMBER: 97585959 BUSINESS ADDRESS: STREET 1: 1818 SOUTH HIGHWAY 441 CITY: APOPKA STATE: FL ZIP: 32703 BUSINESS PHONE: 4078868860 MAIL ADDRESS: STREET 1: 1818 SOUTH HIGHWAY 441 CITY: APOPKA STATE: FL ZIP: 32703 10-Q/A 1 AMENDMENT 1 TO PAGE 5 OF FORM 10-Q FOR SAWTEK INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 -------------------- FORM 10-Q/A -------------------- (Mark One) X Quarterly report pursuant to Section 13 or 15(d) of the Securities - ----- Exchange Act of 1934 For the quarterly period ended March 30, 1997 OR - ----- Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 000-28276 SAWTEK INC. (Exact name of registrant as specified in its charter) Florida 59-1864440 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1818 South Highway 441 Apopka, Florida 32703 (Address of principal executive offices) Telephone Number (407) 886-8860 (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 ______ As of April 15, 1997, there were 20,362,566 shares of the Registrant's Common Stock outstanding, par value $.0005. SAWTEK INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
Six Months Ended March 31, 1997 1996 (in thousands) Operating activities: Net income (loss) $ 9,245 $ (5,629) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 1,800 732 Deferred income taxes 3,120 34 Compensatory stock options 553 0 ESOP allocation 196 11,079 Loss on sale of fixed assets 269 0 Changes in operating assets and liabilities: (Increase) decrease in assets: Accounts receivable 285 518 Inventories (585) (2,025) Other current assets (187) (390) Increase (decrease) in liabilities: Accounts payable 73 1,422 Accrued liabilities (221) (635) Income taxes payable 1,787 16 ------ ------- Net cash provided by operating activities 16,335 5,122 Investing activities: Purchase of property, plant and equipment, net (8,436) (15,254) Reduction in industrial revenue bond assets 0 2,606 Proceeds from sale of fixed assets 54 0 ------ ------ Net cash used in investing activities (8,382) (12,648) Financing activities: Proceeds from long-term debt 0 8,200 Principal payments on long-term debt (636) (3,128) Net proceeds from sale of common stock 654 358 Purchase of common stock 0 (191) Redemption of preferred stock 0 (100) Preferred stock dividends paid 0 (27) ------ ------ Net cash provided by financing activities 18 5,112 ------ ------ Increase (decrease) in cash and cash equivalents 7,971 (2,414) Cash and cash equivalents at beginning of period 27,743 2,819 ------ ------ Cash and cash equivalents at end of period $ 35,714 $ 405 ====== ====== Interest paid $ 169 $ 289 Income taxes paid 765 2,660
See accompanying notes to consolidated financial statements. 5
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