Securities and Exchange Commission Washington, D.C. 20549 - ------------------------------------------------------------------------------- Form 10-Q QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended March 30, 1997 Commission File Number 0-12064 - ------------------------------------------------------------------------------- Stratus Computer, Inc. (Exact name of registrant as specified in its Charter) Massachusetts No. 04-2697554 (State of Incorporation) (I.R.S. Employer Identification No.) 55 Fairbanks Boulevard, Marlborough, Massachusetts 01752 (Address of principal executive office) (Zip) (508) 460-2000 (Telephone number, including area code) - ------------------------------------------------------------------------------- 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 Common Shares outstanding at the latest practicable date, May 6, 1997: 26,595,802 This filing is to correct the Additional paid-in capital amount as reported on the Consolidated Balance Sheet as of March 30, 1997. STRATUS COMPUTER, INC. CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share amounts) March 30, December 29, ASSETS 1997 1996 ------------------------------ --------- --------- (Unaudited) Current assets: Cash and cash equivalents $145,640 $131,683 Marketable securities 37,552 43,187 Accounts receivable, net 148,771 175,061 Inventories: Finished products 39,709 35,921 Work-in-process 2,393 1,542 Parts and assemblies 33,927 25,820 Total Inventories --------- --------- 76,029 63,283 Prepaid Expenses 18,513 14,540 Other current assets 13,775 13,773 --------- --------- Total current assets 440,280 441,527 Property, plant and equipment, at cost 359,041 355,097 Less: accumulated depreciation 237,080 232,341 --------- --------- Net property, plant and equipment 121,961 122,756 Other assets, net 72,805 74,638 --------- --------- Total assets $635,046 $638,921 ========= ========= LIABILITIES AND STOCKHOLDERS' EQUITY ----------------------------------- Current liabilities: Accounts payable $34,330 $30,357 Accrued expenses: Payroll 17,247 17,422 Other 29,131 34,204 Income taxes payable 17,061 13,564 Short-term borrowings and obligations 2,342 2,667 Deferred revenue 17,505 17,589 --------- --------- Total current liabilities 117,616 115,803 Long-term obligations and deferrals 1,970 3,634 Stockholders' equity: Common stock, $.01 par value, 150,000,000 shares authorized, 26,461,085 and 26,252,242 shares issued and outstanding, respectively 265 263 Junior common stock, $.01 par value, 500,000 shares authorized - - Additional paid-in capital 223,908 219,237 Retained earnings 406,202 391,424 Cumulative translation adjustment (3,764) (2,826) --------- --------- 626,611 608,098 Less: shares in treasury, at cost, 3,600,000 and 2,934,300 shares, respectively (111,151) (88,614) --------- --------- Total stockholders' equity 515,460 519,484 --------- --------- Total liabilities and stockholders' equity $635,046 $638,921 ========= ========= See accompanying notes. 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 duly authorized. STRATUS COMPUTER, INC. (Registrant) Date May 28, 1997 ROBERT E. DONAHUE - ------------------- ------------------ Robert E. Donahue Vice President, Finance and Administration, Chief Financial Officer and Treasurer, hereunto duly authorized