-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, cCx5s7YJznUYLa2c79EuScj7gN90FP/PTRQ7sztuEdVsCO5JmNXRwjWIthAxFqJG QVlZkG82FQchhnS/n8ToJg== 0000006207-95-000004.txt : 19950209 0000006207-95-000004.hdr.sgml : 19950209 ACCESSION NUMBER: 0000006207-95-000004 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19941031 FILED AS OF DATE: 19950208 SROS: MSE SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMREP CORP CENTRAL INDEX KEY: 0000006207 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 590936128 STATE OF INCORPORATION: OK FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-04702 FILM NUMBER: 95506342 BUSINESS ADDRESS: STREET 1: 10 COLUMBUS CIRCLE STREET 2: SUITE 1300 CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125417300 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN REALTY & PETROLEUM CORP DATE OF NAME CHANGE: 19671019 10-Q/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q/A-1 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 1994 ------------------------------------ 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 1-4702 -------- AMREP Corporation ------------------------------------------------------------------ (Exact name of registrant as specified in its charter) Oklahoma 59-0936128 ------------------------------------------------------------------ (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 641 Lexington Avenue, Sixth Floor, New York, New York 10022 ------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 705-4700 ---------------- 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 -------- ------- Number of Shares of Common Stock, par value $.10 per share, outstanding at December 13, 1994 - 7,387,275. The registrant hereby amends the following items, financial statements, exhibits or other portions of its Form 10-Q for the quarter ended October 31, 1994, as set forth in the pages attached hereto: PART I. - FINANCIAL INFORMATION Item 1. - Financial Statements Statements of Cash Flows (Unaudited) FORM 10-Q/A-1 AMREP CORPORATION AND SUBSIDIARIES Statements of Cash Flows (Unaudited) (Page 1 of 2) Six Months Ended October 31, 1994 and 1993 (Thousands) 1994 1993 ---------- ---------- CASH FLOWS FROM OPERATING ACTIVITIES: Cash received from real estate operations and other $ 54,922 $ 42,610 Cash received from magazine circulation operations, net of publisher payments 23,420 11,144 Interest received 619 560 Cash paid to suppliers and employees (69,228) (47,725) Cash paid to acquire land (43) - Interest paid (2,222) (2,642) Income taxes paid (58) (119) ---------- ---------- Net cash provided by operating activities 7,410 3,828 ---------- ---------- CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (1,120) (1,219) Other, net 600 (127) ---------- ---------- Net cash used by investing activities (520) (1,346) ---------- ---------- CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from debt financing 10,451 6,272 Principal debt payments (17,026) (12,633) Proceeds from exercise of stock options 250 98 Proceeds from sale of stock 4 - ---------- ---------- Net cash used by financing activities (6,321) (6,263) ---------- ---------- Increase (decrease) in cash and temporary cash investments 569 (3,781) CASH AND TEMPORARY CASH INVESTMENTS, beginning of period 6,623 6,856 ---------- ---------- CASH AND TEMPORARY CASH INVESTMENTS, end of period $ 7,192 $ 3,075 ========== ========== -4- FORM 10-Q/A-1 AMREP CORPORATION AND SUBSIDIARIES Statements of Cash Flows (Unaudited) (Page 2 of 2) Six Months Ended October 31, 1994 and 1993 (Thousands) 1994 1993 ----------- ----------- RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Net income $ 1,725 $ 798 ---------- ---------- Adjustments to reconcile net income to net cash provided by operating activities - Depreciation and amortization 3,008 2,590 Changes in assets and liabilities - Receivables 4,961 (5,961) Real estate inventory 2,361 (2,985) Rental and other real estate projects 1,652 3,302 Investment property (166) 466 Other assets (2,557) (2,223) Accounts payable, deposits and accrued expenses (4,667) 7,562 Deferred income taxes 1,093 279 ---------- ---------- Total adjustments 5,685 3,030 ---------- ---------- Net cash provided by operating activities $ 7,410 $ 3,828 ========== ========== Supplemental schedule of noncash investing activities (dollars in thousands per share amount): Purchase of Capital Distribution Company assets with 575,593 shares of AMREP Corporation stock valued at $7.125 per share. $ - $ 4,101 =========== ========== See notes to consolidated financial statements. -5- 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. AMREP CORPORATION (Registrant) Dated: February 6, 1995 By: /s/ Anthony B. Gliedman ----------------------- Chairman of the Board, Chief Executive Officer and President Dated: February 6, 1995 By: /s/ Rudolph J. Skalka ----------------------- Vice President, Finance and Principal Accounting Officer -10- -----END PRIVACY-ENHANCED MESSAGE-----