SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A For the fiscal year ended April 1, 2000 Commission File Number 1-7138 Cagle's, Inc. Exact Name of Registrant Georgia 58-0625713 State of Incorporation IRS Employer Identified Number Securities Registered pursuant to Section 12(B) of the act. Part IV Item 14. Exhibits Financial statement schedules and reports on Form 8-K The purpose of this Form 10K/A is to correct clerical errors discovered in Note #6 to the financial statements. Note 6(Amended) 6. INVESTMENTS IN AND RECEIVABLE FROM UNCONSOLIDATED AFFILIATES On March 26, 1993, the Company acquired a 50% equity interest in Cagle Foods JV LLC ("Cagle Foods"), a joint venture formed with an unrelated party to own and operate the Company's processing facility at Camilla, Georgia. The Company occasionally sells eggs and broilers to and purchases processed products from the joint venture. In addition, the Company performs certain management and administrative services for the joint venture. Sales to, purchases from, accounts payable to and receivable from, and service fees charged to the joint venture are based on terms consistent with those of unrelated parties and are summarized as follows (in thousands): . 2000 1999 1998 . -------- -------- --------- Sales $ 3,024 $ 2,429 $ 930 Purchases 5,425 20,441 24,869 Accounts receivable 62 5 606 Accounts payable 0 1,047 813 Administrative service fees 1,683 1,756 1,627 On November 14, 1997, the Company acquired a 30% equity interest in a joint venture with its joint venture partner in Cagle Foods. During 1998, the Company contributed certain property, plant, and equipment and other assets in exchange for its equity interest in the new joint venture. This joint venture built a processing facility in Albany, Kentucky, which began limited operations in November 1998. The Company accounts for its investments in affiliates using the equity method. The Company's share of affiliates' earnings and management fees was $7,248,000, $6,110,000, and $7,484,000 for the years ended April 1, 2000, April 3, 1999, and March 28, 1998, respectively, and is included in other income, net in the accompanying statements of income. At April 1, 2000, undistributed retained earnings from affiliates were approximately $20,423. The Company's share of Cagle Foods' earnings are based on the audited results for the year ended January 1, 2000, adjusted for the unaudited results for interim periods. Summarized combined unaudited balance sheet information for unconsolidated affiliates as of April 1, 2000 and April 3, 1999 is as follows (in thousands): . 2000 1999 . --------- --------- Current assets...................... $ 77,872 $ 59,012 Noncurrent assets................... 151,396 153,808 . --------- --------- Total assets........................ 229,268 212,820 . ========= ========= Current liabilities................. 35,150 26,510 Noncurrent liabilities.............. 105,405 110,150 Owners' equity...................... 88,713 76,160 . --------- --------- Total liabilities and owners' equity. $229,268 $212,820 . ========= ========= Summarized combined unaudited statements of income information for unconsolidated affiliates for the years ended April 1, 2000, April 3, 1999, and March 28, 1998 is as follows (in thousands): . 2000 1999 1998 . --------- --------- --------- Net sales.............................. $ 332,824 $ 240,867 $ 241,831 Gross profit........................... 24,079 23,953 25,289 Operating income.......................	 20,843 16,063 24,321 Income before taxes.................... 14,894 10,502 20,302 . Signature /S/ Kenneth R. Barkley Date	7/28/00