-----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, ExNqe0YNXHaEr4vIkQilYkW99P7cnSfNiLhwxKdmGx/O5W5CtJLtTOhHBwaHp3XI 50ox1R8JL9xRpUfy5P8MIQ== 0000914039-98-000224.txt : 19980519 0000914039-98-000224.hdr.sgml : 19980519 ACCESSION NUMBER: 0000914039-98-000224 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980518 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980518 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: OXFORD HEALTH PLANS INC CENTRAL INDEX KEY: 0000865084 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] IRS NUMBER: 061118515 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19442 FILM NUMBER: 98627415 BUSINESS ADDRESS: STREET 1: 800 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 BUSINESS PHONE: 2038521442 MAIL ADDRESS: STREET 1: 800 CONNECTICUT AVE CITY: NORWALK STATE: CT ZIP: 06854 8-K 1 FORM 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MAY 18, 1998 OXFORD HEALTH PLANS, INC. (Exact name of registrant as specified in its charter) Delaware 0-19442 06-1118515 (State or other jurisdiction) (Commission (IRS Employer of incorporation) File Number) Identification No.) 800 Connecticut Avenue, Norwalk, Connecticut 06854 (Address of principal executive offices) (Zip Code) (203) 852-1442 (Registrant's telephone number, including area code) 1 2 ITEM 5. OTHER EVENTS. The Company's March 31, 1998 balance sheet included in a Form 8-K filed on April 30, 1998 has been restated to reflect the purchase of approximately $20.3 million of peripheral computer equipment in a March 1998 capital lease transaction. ITEM 7. Financial Statements and Exhibits (c) Exhibits 99 Restated balance sheet as of March 31, 1998 2 3 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. OXFORD HEALTH PLANS, INC. Date: May 18, 1998 By: /s/ BRENDAN R. SHANAHAN ----------------------------- BRENDAN R. SHANAHAN Vice President and Controller 3 4 OXFORD HEALTH PLANS, INC. AND SUBSIDIARIES EXHIBIT INDEX Exhibit Page Number Description of Document Number - ------ ----------------------- ------ 99 Restated consolidated balance sheet as of March 31, 1998 5 4 EX-99 2 EXHIBIT 99 1 EXHIBIT 99 OXFORD HEALTH PLANS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS MARCH 31, 1998 AND DECEMBER 31, 1997 (IN THOUSANDS, EXCEPT SHARE DATA)
ASSETS MAR. 31, Dec. 31, 1998 1997 ------------ ----------- Current assets: (Unaudited) Cash and cash equivalents $ 61,053 4,141 Short-term investments-available for sale, at market value 635,270 635,743 Premiums receivable 289,549 275,646 Other receivables 53,484 45,418 Prepaid expenses and other current assets 20,849 10,097 Refundable income taxes 71,603 120,439 Deferred income taxes 31,866 38,092 ----------- --------- Total current assets 1,163,674 1,129,576 Property and equipment, at cost, net of accumulated depreciation and amortization of $139,999 in 1998 and $125,926 in 1997 171,801 147,093 Deferred income taxes 117,846 86,406 Other noncurrent assets 38,409 34,914 ----------- --------- Total assets $ 1,491,730 1,397,989 =========== ========= LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Bridge notes payable $ 200,000 -- Current portion of capital lease obligations 6,186 -- Medical costs payable 739,195 762,959 Trade accounts payable and accrued expenses 176,262 152,152 Unearned premiums 46,897 124,603 Deferred income taxes 7,798 9,059 ----------- --------- Total liabilities 1,176,338 1,048,773 ----------- --------- Obligations under capital leases 14,123 -- Shareholders' equity: Common stock, $.01 par value, authorized 400,000,000 shares; issued and outstanding 79,514,037 in 1998 and 79,474,439 in 1997 795 795 Additional paid-in capital 437,983 437,653 Retained earnings (deficit) (140,800) (95,498) Unrealized net appreciation of investments 3,291 6,266 ----------- --------- Total shareholders' equity 301,269 349,216 =========== ========= Total liabilities and shareholders' equity $ 1,491,730 1,397,989 =========== =========
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