8-K/A 1 a04-12117_28ka.htm 8-K/A

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported)    October 28, 2004

 

Alliant Techsystems Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

 

1-10582

 

41-1672694

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

5050 Lincoln Drive
Edina, Minnesota

 

55436-1097

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code:              (952) 351-3000

 

 

 

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 8.01.  Other Events

 

Effective April 1, 2004 (fiscal 2005), Alliant Techsystems Inc. (ATK or registrant) realigned its business operations and subsequently filed a Current Report on Form 8-K dated June 10, 2004 with quarterly results by segment reflecting this realignment. ATK has subsequently determined that the elimination of profit recognized on intercompany transactions relating to the Advanced Propulsion and Space Systems segment for each quarter in fiscal 2004 was calculated in error.

 

The following summarizes ATK’s results by operating segment taking into account the realignment for each quarter in the years ended March 31, 2004 and 2003 (in thousands):

 

 

 

Fiscal 2004 Quarter Ended

 

Fiscal 2004

 

 

 

June 29

 

September 28

 

December 28

 

March 31

 

Total Year

 

Sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

ATK Thiokol

 

$

217,956

 

$

200,922

 

$

184,463

 

$

195,886

 

$

799,227

 

Ammunition

 

172,816

 

191,351

 

184,279

 

217,176

 

765,622

 

Precision Systems

 

109,267

 

119,138

 

126,571

 

168,565

 

523,541

 

Advanced Propulsion and Space Systems

 

59,099

 

55,140

 

68,504

 

88,521

 

271,264

 

ATK Mission Research

 

 

 

 

6,539

 

6,539

 

Total external sales

 

559,138

 

566,551

 

563,817

 

676,687

 

2,366,193

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

ATK Thiokol

 

720

 

579

 

629

 

474

 

2,402

 

Ammunition

 

3,141

 

5,788

 

2,858

 

8,309

 

20,096

 

Precision Systems

 

2,376

 

3,221

 

2,720

 

4,689

 

13,006

 

Advanced Propulsion and Space Systems

 

9,168

 

7,787

 

7,410

 

10,615

 

34,980

 

Corporate

 

(15,405

)

(17,375

)

(13,617

)

(24,087

)

(70,484

)

Total intercompany sales

 

 

 

 

 

 

Total sales

 

$

559,138

 

$

566,551

 

$

563,817

 

$

676,687

 

$

2,366,193

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before interest, income taxes and minority interest:

 

 

 

 

 

 

 

 

 

 

 

ATK Thiokol

 

$

34,082

 

$

36,517

 

$

31,058

 

$

34,311

 

$

135,968

 

Ammunition

 

15,896

 

19,371

 

19,938

 

15,678

 

70,883

 

Precision Systems

 

11,714

 

12,686

 

14,962

 

18,481

 

57,843

 

Advanced Propulsion and Space Systems

 

10,729

 

5,757

 

8,186

 

5,008

 

29,680

 

ATK Mission Research

 

 

 

 

415

 

415

 

Corporate

 

(4,409

)

(4,651

)

(3,693

)

(4,973

)

(17,726

)

Income from continuing operations before interest, income taxes and minority interest

 

$

68,012

 

$

69,680

 

$

70,451

 

$

68,920

 

$

277,063

 

 

2



 

 

 

Fiscal 2003 Quarter Ended

 

Fiscal 2003

 

 

 

June 30

 

September 29

 

December 29

 

March 31

 

Total Year

 

Sales to external customers:

 

 

 

 

 

 

 

 

 

 

 

ATK Thiokol

 

$

226,401

 

$

190,803

 

$

202,076

 

$

211,009

 

$

830,289

 

Ammunition

 

164,647

 

164,989

 

163,905

 

188,221

 

681,762

 

Precision Systems

 

88,445

 

121,654

 

114,407

 

155,480

 

479,986

 

Advanced Propulsion and Space Systems

 

40,397

 

35,699

 

39,370

 

64,632

 

180,098

 

Total external sales

 

519,890

 

513,145

 

519,758

 

619,342

 

2,172,135

 

Intercompany sales:

 

 

 

 

 

 

 

 

 

 

 

ATK Thiokol

 

943

 

413

 

879

 

574

 

2,809

 

Ammunition

 

6,919

 

2,213

 

3,283

 

11,504

 

23,919

 

Precision Systems

 

82

 

130

 

340

 

3,899

 

4,451

 

Advanced Propulsion and Space Systems

 

9,518

 

8,367

 

9,795

 

10,348

 

38,028

 

Corporate

 

(17,462

)

(11,123

)

(14,297

)

(26,325

)

(69,207

)

Total intercompany sales

 

 

 

 

 

 

Total sales

 

$

519,890

 

$

513,145

 

$

519,758

 

$

619,342

 

$

2,172,135

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before interest and income taxes:

 

 

 

 

 

 

 

 

 

 

 

ATK Thiokol

 

$

42,743

 

$

28,619

 

$

28,503

 

$

38,342

 

$

138,207

 

Ammunition

 

12,324

 

17,723

 

25,039

 

18,095

 

73,181

 

Precision Systems

 

6,555

 

13,764

 

14,433

 

14,028

 

48,780

 

Advanced Propulsion and Space Systems

 

5,975

 

5,711

 

7,131

 

9,298

 

28,115

 

Corporate

 

(1,005

)

(1,710

)

(3,641

)

(6,384

)

(12,740

)

Income from continuing operations before interest and income taxes

 

$

66,592

 

$

64,107

 

$

71,465

 

$

73,379

 

$

275,543

 

 

3



 

SIGNATURE

 

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 hereunto duly authorized.

 

 

ALLIANT TECHSYSTEMS INC.

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ Eric S. Rangen

 

Name:

 

Eric S. Rangen

 

Title:

 

Executive Vice President and Chief Financial Officer

 

 

 

 

Date:

October 28, 2004

 

 

 

 

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