-----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, Oejh07rj1fYVYFrI6oJDEVU+qTxRWEeCnl3lszqD4372zzRSTqtF6vELqaXLpSMv XHsNaP7D6lA1OSmzmMI2bw== /in/edgar/work/0000950152-00-005361/0000950152-00-005361.txt : 20000720 0000950152-00-005361.hdr.sgml : 20000720 ACCESSION NUMBER: 0000950152-00-005361 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000331 FILED AS OF DATE: 20000719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LUBRIZOL CORP CENTRAL INDEX KEY: 0000060751 STANDARD INDUSTRIAL CLASSIFICATION: [2860 ] IRS NUMBER: 340367600 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: SEC FILE NUMBER: 001-05263 FILM NUMBER: 675391 BUSINESS ADDRESS: STREET 1: 29400 LAKELAND BLVD CITY: WICKLIFFE STATE: OH ZIP: 44092 BUSINESS PHONE: 2169434200 MAIL ADDRESS: STREET 1: 29400 LAKELAND BLVD CITY: WICKLIFFE STATE: OH ZIP: 44092 10-Q/A 1 e10-qa.txt THE LUBRIZOL CORPORATION 10-Q/A 1 UNITED STATES 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, 2000 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 1-5263 THE LUBRIZOL CORPORATION (Exact name of registrant as specified in its charter) Ohio 34-0367600 (State or other jurisdiction of (I.R.S.Employer incorporation or organization) Identification No.) 29400 Lakeland Boulevard Wickliffe, Ohio 44092-2298 (Address of principal executive offices) (Zip Code) (440) 943-4200 (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 and 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 [ ] Number of the registrant's common shares, without par value, outstanding, as of April 30, 2000: 53,680,643. 2 THE LUBRIZOL CORPORATION ======================== CONSOLIDATED STATEMENTS OF CASH FLOWS
- --------------------------------------------------------------------------------------- Three Months Ended March 31 --------------------------- (In Thousands of Dollars) 2000 1999 - --------------------------------------------------------------------------------------- Cash provided from (used for): Operating activities: Net income ............................................... $ 30,105 $ 39,094 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization ........................ 24,099 24,253 Deferred income taxes ................................ 1,805 4,106 Special charge ....................................... 3,136 Change in current assets and liabilities: Receivables ........................................ (23,621) (28,749) Receivable from litigation settlement .............. (16,800) Inventories ........................................ (13,839) 7,668 Accounts payable and accrued expenses .............. 6,987 31,785 Other current assets ............................... 3,272 15,333 Other items - net .................................... (4,775) 2,775 --------- --------- Total operating activities ..................... 24,033 82,601 Investing activities: Capital expenditures ................................... (17,774) (18,327) Acquisitions and investments in nonconsolidated companies ............................................ (35,741) Other - net ............................................ 183 547 --------- --------- Total investing activities ..................... (53,332) (17,780) Financing activities: Short-term borrowings (repayment) ...................... 19 (8,122) Long-term repayments ................................... (14) (422) Dividends paid ......................................... (14,152) (14,183) Common shares purchased ................................ (15,850) Stock options exercised ................................ 1,201 23 --------- --------- Total financing activities ..................... (28,796) (22,704) Effect of exchange rate changes on cash .................. (799) (3,495) --------- --------- Net increase (decrease) in cash and short term investments (58,894) 38,622 Cash and short-term investments at the beginning of period .............................................. 185,465 53,639 --------- --------- Cash and short-term investments at end of period ......... $ 126,571 $ 92,261 ========= =========
Amounts shown are unaudited. -4- 3 THE LUBRIZOL CORPORATION ------------------------ PART II. OTHER INFORMATION Item 2. Changes in Securities and Use of Proceeds ----------------------------------------- (c) On January 31, 2000, we issued 951 common shares in a private placement transaction exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) of that Act. We issued the shares to a former officer pursuant to a deferred compensation program for executive officers. On February 1, 2000, we issued 225 common shares in a private placement transaction exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) of that Act. We issued the shares to a former director pursuant to a deferred compensation plan for directors. Item 6. Exhibits and Reports on Form 8-K -------------------------------- (a) Exhibits (10)(b)* The Lubrizol Corporation Amended Deferred Compensation Plan for Directors. (10)(h)* The Lubrizol Corporation 1991 Stock Incentive Plan, as amended. (10)(i)* The Lubrizol Corporation Deferred Stock Compensation Plan for Outside Directors. (10)(k)* The Lubrizol Corporation Deferred Compensation Plan for Officers (Amended as of March 11, 2000). (10)(l)* The Lubrizol Corporation Executive Council Deferred Compensation Plan, as amended. * Indicates management contract or compensatory plan or arrangement. (27) Financial Data Schedule. (b) Reports on Form 8-K There were no reports on Form 8-K filed during the quarter ended March 31, 2000. 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. THE LUBRIZOL CORPORATION /s/John R. Ahern ------------------------------- John R. Ahern Chief Accounting Officer and Duly Authorized Signatory of The Lubrizol Corporation Date: July 19, 2000 14 -----END PRIVACY-ENHANCED MESSAGE-----