-----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, I4X9sc4R37EMEvfj7UM4FwdToaMJygFwM5oYN7RPvQSoAn8mzHAEzGGofBeJ0ePl pp6wUFEsK7IJ3VB4IwmTwg== 0000916457-02-000008.txt : 20020415 0000916457-02-000008.hdr.sgml : 20020415 ACCESSION NUMBER: 0000916457-02-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020313 ITEM INFORMATION: Other events FILED AS OF DATE: 20020313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CALPINE CORP CENTRAL INDEX KEY: 0000916457 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 770212977 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12079 FILM NUMBER: 02574134 BUSINESS ADDRESS: STREET 1: 50 WEST SAN FERNANDO ST CITY: SAN JOSE STATE: CA ZIP: 95113 BUSINESS PHONE: 4089955115 MAIL ADDRESS: STREET 1: 50 W SAN FERNANDO STREET 2: SUITE 500 CITY: SAN JOSE STATE: CA ZIP: 95113 8-K 1 o31302.txt 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): March 13, 2002 CALPINE CORPORATION (A Delaware Corporation) Commission File Number: 001-12079 I.R.S. Employer Identification No. 77-0212977 50 West San Fernando Street San Jose, California 95113 Telephone: (408) 995-5115 ITEM 5. OTHER EVENTS After filing our amended Form 10-Q for Q3 2001, we became aware of inadvertent errors in the derivation of the "comprehensive gain (loss) on cash flow hedges before reclassification adjustment" in the Derivative Instruments footnote to our financial statements for each of the three-month periods ended March 31, June 30 and September 30, 2001. In each case, the disclosures correctly stated the total pre-tax unrealized comprehensive loss on cash flow hedges for the periods in question, but disclosed incorrect numbers in the entries above this total. Set forth below is a table demonstrating the disclosure as reported and as revised. None of the revisions described in the table affects (positively or negatively) any of the numbers in our statement of operations, balance sheet or statement of cash flows for any of the periods in question. In particular, there is no impact on our net income, stockholders' equity or cash flow as disclosed in our quarterly unaudited financial statements. In addition to this filing, Calpine will provide the information set forth below in its Annual Report on Form 10-K for the fiscal year ended December 31, 2001, which is due to be filed by April 1, 2002.
-------------------------------------- ------------------------------------- As Reported Revised -------------------------------------- ------------------------------------- Interest Interest Rate Commodity Total Rate Commodity Total ($ in thousands) Derivative Derivative Derivative Derivative Derivative Derivative Instruments Instruments Instruments Instruments Instruments Instruments --------------------------------------- ------------------------------------- YTD 9/30/01 - Footnote 8 - Derivative Instruments Comprehensive gain (loss) on cash flow hedges before reclassification adjustment (84,585) (354,011) (438,596) (84,585) (108,393) (192,978) Reclassification adjustment for (gain) loss included in net income 9,085 122,809 131,894 9,085 (122,809) (113,724) -------- --------- --------- -------- --------- --------- Total pre-tax unrealized comprehensive gain (loss) on cash flow hedges (75,500) (231,202) (306,702) (75,500) (231,202) (306,702) YTD 6/30/01 - Footnote 3 - Derivative Instruments Comprehensive gain (loss) on cash flow hedges before reclassification adjustment (25,937) 176,933 150,996 (25,937) 220,517 194,580 Reclassification adjustment for (gain) loss included in net income - 21,792 21,792 - (21,792) (21,792) -------- --------- --------- -------- --------- --------- Total pre-tax unrealized comprehensive gain (loss) on cash flow hedges (25,937) 198,725 172,788 (25,937) 198,725 172,788 YTD 3/31/01 - Footnote 2 - Summary of significant accounting principles Comprehensive gain (loss) on cash flow hedges before reclassification adjustment (35,898) (67,330) (103,228) (35,898) (33,236) (69,134) Reclassification adjustment for (gain) loss included in net income - 17,047 17,047 - (17,047) (17,047) -------- --------- --------- -------- --------- --------- Total pre-tax unrealized comprehensive gain (loss) on cash flow hedges (35,898) (50,283) (86,181) (35,898) (50,283) (86,181)
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 hereunto duly authorized. CALPINE CORPORATION By: /s/ Charles B. Clark, Jr. ------------------------- Charles B. Clark, Jr. Senior Vice President and Controller Chief Accounting Officer Date: March 13, 2002 -----END PRIVACY-ENHANCED MESSAGE-----