-----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, KdiKF0KsVIBvVtX+voIqSu+azfzV5hKNN4HrhKEUW5bz5RqlJSkqaMj+DNbF8Mpc is8qryLtWFXMAWoA8fpRvw== 0000950131-99-002269.txt : 19990414 0000950131-99-002269.hdr.sgml : 19990414 ACCESSION NUMBER: 0000950131-99-002269 CONFORMED SUBMISSION TYPE: 10-K405/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DONNELLEY R R & SONS CO CENTRAL INDEX KEY: 0000029669 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL PRINTING [2750] IRS NUMBER: 361004130 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K405/A SEC ACT: SEC FILE NUMBER: 001-04694 FILM NUMBER: 99592859 BUSINESS ADDRESS: STREET 1: 77 W WACKER DR CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3123268000 MAIL ADDRESS: STREET 1: 77 W WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60601 10-K405/A 1 FORM 10-K - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K/A [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1998 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 1-4694 R. R. DONNELLEY & SONS COMPANY (Exact name of registrant as specified in its charter) Delaware 36-1004130 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 77 West Wacker Drive, Chicago, Illinois 60601 (Address of principal executive (ZIP Code) offices) Registrant's telephone number--(312) 326-8000 Securities registered pursuant to Section 12(b) of the Act: Title of each Class Name of each exchange on which registered ----------------------------- ---------------------------------------------- Common (Par Value $1.25) New York, Chicago and Pacific Stock Exchanges Preferred Stock Purchase Rights New York, Chicago and Pacific Stock Exchanges 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 the 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 state- ments incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X] As of January 31, 1999, 133,657,005 shares of common stock were outstanding, and the aggregate market value of the shares of common stock (based on the closing price of these shares on the New York Stock Exchange--Composite Trans- actions on January 31, 1999) held by nonaffiliates was $4,795,177,263. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive Proxy Statement dated February 18, 1999, are incorporated by reference into Part III of this Form 10-K. - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- SIGNATURE The undersigned registrant hereby amends the following items, financial statements, exhibits or other portions of its Annual Report on Form 10-K for 1998 as set forth in the pages attached hereto: (a) Exhibit 12, Computation of Ratio of Earnings to Fixed Charges, is filed herewith. Pursuant to the requirement 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, on the 13th day of April, 1999. R. R. DONNELLEY & SONS COMPANY /s/ Gregory A. Stoklosa By __________________________________ Gregory A. Stoklosa, Vice President and Controller 2 EX-12 2 COMP. OF RATIO OF EARNINGS Exhibit 12 R.R. Donnelley & Sons Company Ratio of Earnings to Fixed Charges
(In thousands except ratios) Year ended December 31: 1998 1997 1996 1995 1994 ------------------------------------------------------ Earnings available for fixed charges: Earnings (loss) before income taxes $509,305 $190,171 $(110,480) (1) $439,532 $395,004 Less: Equity earnings of minority-owned companies (3,665) (3,266) (8,560) (5,405) (162) Add: Dividends received from investees under the equity method 3,349 2,614 2,370 2,298 1,942 Add: Minority interest expense in majority-owned subsidiaries 4,475 5,732 (1,720) 5,445 2,493 Add: Fixed charges before capitalized interest 92,919 102,098 104,343 127,056 74,264 Add: Amortization of capitalized interest 8,335 7,969 7,354 6,731 6,129 ------------------------------------------------------ Total earnings available for fixed charges 614,718 305,318 (6,693) 575,657 479,670 Fixed charges: Interest expense 78,166 90,765 95,482 109,810 53,468 Interest portion of rental expense 13,999 10,421 7,825 16,400 20,267 Amortization of discount related to indebtedness 754 912 1,036 846 529 ------------------------------------------------------ Total fixed charges before capitalized interest 92,919 102,098 104,343 127,056 74,264 Capitalized interest 4,996 9,959 11,716 10,899 10,233 ------------------------------------------------------ Total fixed charges $ 97,915 $112,057 $116,059 $137,955 $84,497 Ratio of earnings to fixed charges 6.28 2.72 (0.06) (2) 4.17 5.68
(1) Includes restructuring and impairment pre-tax charges of $442 million and a pre-tax loss from operations of businesses held for sale of $123 million. (2) Dollar amount of deficiency relating to less than one-to-one coverage is $123 million. -----END PRIVACY-ENHANCED MESSAGE-----