-----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, VrKZk45nhSYu2cBipogx49z8CpPohlHjXp1ceo9Cvo26gIxaOzJBdu54eS9pmVAB myBCNHBrCi+lbZVXTgfPVg== 0000030554-98-000056.txt : 19981207 0000030554-98-000056.hdr.sgml : 19981207 ACCESSION NUMBER: 0000030554-98-000056 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981204 FILED AS OF DATE: 19981204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUPONT E I DE NEMOURS & CO CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MAIL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] IRS NUMBER: 510014090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 001-00815 FILM NUMBER: 98764120 BUSINESS ADDRESS: STREET 1: 1007 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19898 BUSINESS PHONE: 3027741000 10-Q/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A AMENDMENT NO. 1 THE PURPOSE OF THIS AMENDMENT IS TO CORRECT ON PAGE 18 THE PERCENTAGE "CASH FLOW TO TOTAL DEBT (PREVIOUS 12 MONTHS CASH PROVIDED BY OPERATIONS TO TOTAL DEBT) AT 12/31/97" TO READ 33.4% IN THE REGISTRANT'S FORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 1998, WHICH WAS FILED ORIGINALLY ON NOVEMBER 13, 1998, IN THE SECURITIES AND EXCHANGE COMMISSION'S ELECTRONIC DATA GATHERING, ANALYSIS AND RETRIEVAL (EDGAR) SYSTEM. NO OTHER CHANGES HAVE BEEN MADE TO THE NOVEMBER 13, 1998, FILING. (X) QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1998 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-815 E. I. du Pont de Nemours and Company (Exact Name of Registrant as Specified in Its Charter) Delaware 51-0014090 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 1007 Market Street, Wilmington, Delaware 19898 (Address of Principal Executive Offices) (302) 774-1000 (Registrant's Telephone Number) 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 1,125,861,433 shares (excludes 14,492,721 shares held by DuPont's Flexitrust) of common stock, $0.30 par value, were outstanding at October 30, 1998. Page 1 of 3 Form 10-Q/A Form 10-Q In September, the company recorded a $201 million after tax extraordinary charge related to early retirement of debt. Total debt, including capital lease obligations, at September 30, 1998, was $17.1 billion versus $12.1 billion at year-end 1997. The $5.0 billion increase in total debt reflects primarily the issuance of commercial paper. These funds were used primarily to finance the $1.1 billion increase in operating assets and liabilities, the ICI and DuPont Merck acquisitions totaling $3.3 billion. In addition, $1.8 billion of commercial paper was used to finance the retirement of $1.6 billion of long-term debt. Certain Statistics - Continuing Operations ------------------------------------------ At 9/30/98 At 12/31/97 ---------- ----------- Cash Flow to Total Debt (previous 12 months cash provided by operations to total debt) .................. 26.9% 33.4% Current Ratio (current assets to current liabilities) ...... 0.6:1 0.8:1 Earnings to Fixed Charges ...... 2.6 5.1 Earnings to Fixed Charges - Pro Forma*.................... 3.3 7.4 ------------------ *Pro Forma statistics exclude interest and debt expense which has been allocated to discontinued operations. The Cash Flow to Total Debt ratio was down in third quarter 1998 versus year-end primarily due to the $5.0 billion increase in total debt in the first nine months. The company expects this ratio to improve as a result of the Conoco divestiture. Days' sales outstanding averaged 58 days in the third quarter, an increase of six days from second quarter 1998, and up six days from the third quarter of 1997. (c) Other Items Year 2000 --------- The Year 2000 Problem concerns potential exposures related to the automated generation of financial and business misinformation resulting from the application of computer programs written using six (e.g., 12-31-99) versus eight (e.g., 12-31-1999) digits to define the applicable date. This could result in, among other things, computer systems recognizing "00" as the year 1900 rather than the year 2000. 18 Page 2 of 3 Form 10-Q/A SIGNATURE 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. E. I. DU PONT DE NEMOURS AND COMPANY (Registrant) Date: December 4, 1998 ----------------------------------------- By /S/ G. M. Pfeiffer ----------------------------------------- G. M. Pfeiffer Senior Vice President - DuPont Finance (As Duly Authorized Officer and Principal Financial and Accounting Officer) Page 3 of 3 -----END PRIVACY-ENHANCED MESSAGE-----