FORM 10-Q/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended JUNE 27, 1999 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to_________________ Commission file number 1-9573 ----------------------------------------------- UNO RESTAURANT CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 04-2953702 ------------------------------- ------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 100 CHARLES PARK ROAD, WEST ROXBURY, MASSACHUSETTS 02132 -------------------------------------------------------- (Address of principal executive offices) (Zip Code) (617) 323-9200 ---------------------------------------------------- (Registrant's telephone number, including area code) (Former name, former address and former fiscal year, ---------------------------------------------------- if changed since last report) 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 --- --- As of July 30, 1999, 10,173,378 shares of the registrant's Common Stock, $.01 par value, were outstanding. CONSOLIDATED BALANCE SHEETS (Amounts in thousands except share data) June 27, Sept.27, 1999 1998 -------- -------- (Unaudited) ASSETS CURRENT ASSETS Cash $ 1,311 $ 2,030 Accounts receivable, net 1,804 1,784 Inventory 2,449 2,296 Prepaid expenses and other assets 289 815 -------- -------- TOTAL CURRENT ASSETS 5,853 6,925 PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS Land 18,373 16,874 Buildings 30,115 27,823 Leasehold improvements 99,526 93,324 Equipment 56,962 52,536 Construction in progress 1,964 3,309 -------- -------- 206,940 193,866 Less allowance for depreciation and amortization 77,858 68,543 -------- -------- 129,082 125,323 OTHER ASSETS Deferred income taxes 8,810 7,450 Royalty fee 93 157 Liquor licenses and other assets 3,515 3,340 -------- -------- $147,353 $143,195 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 6,430 $ 6,589 Accrued expenses 9,452 7,949 Accrued compensation and taxes 3,051 2,666 Income taxes payable 1,355 995 Current portion of long-term debt and capital lease obligations 4,090 4,081 -------- -------- TOTAL CURRENT LIABILITIES 24,378 22,280 Long-term debt, net of current portion 38,958 38,676 Capital lease obligations, net of current portion 521 666 Other liabilities 8,427 7,904 SHAREHOLDERS' EQUITY Preferred Stock, $1.00 par value, 1,000 shares authorized, none issued Common Stock, $.01 par value, 25,000 shares authorized, 13,807 and 13,776 shares issued and out- standing in Fiscal Years 1999 and 1998, respectively 138 138 Additional paid-in capital 54,129 53,944 Retained earnings 47,628 42,203 -------- -------- 101,895 96,285 Treasury Stock (3,728 and 3,175 shares at cost,in Fiscal Years 1999 and 1998, respectively) (26,826) (22,616) -------- -------- TOTAL SHAREHOLDERS' EQUITY 75,069 73,669 -------- -------- $147,353 $143,195 -------- -------- -------- -------- 3 CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) THIRTY-NINE WEEKS ENDED ----------------------- June 27, June 28, 1999 1998 -------- -------- OPERATING ACTIVITIES Net Income $ 5,425 $ 3,193 Adjustments to reconcile net income to net cash provided by operating activities: Cumulative effect of change in accounting principle 636 Depreciation and amortization 9,530 9,222 Deferred income taxes (1,360) (904) Provision for deferred rent 266 396 (Gain)Loss on disposal of equipment (7) (6) Changes in operating assets and liabilities, net of effects from business acquisitions: Accounts receivable (20) 1,010 Inventory (153) 81 Prepaid expenses and other assets 323 (942) Accounts payable and other liabilities 2,070 (882) Income taxes payable 360 (1,037) -------- -------- NET CASH PROVIDED BY OPERATING ACTIVITIES 16,434 10,767 INVESTMENT ACTIVITIES Additions to property, equipment and leasehold improvements (13,281) (8,574) Proceeds from sale of fixed assets 7 8 -------- -------- NET CASH USED FOR INVESTING ACTIVITIES (13,274) (8,566) FINANCING ACTIVITIES Proceeds from revolving credit agreement 59,223 41,565 Principal payments on revolving credit agreement and capital lease obligations (59,077) (42,222) Purchase of Treasury Stock (4,210) (898) Exercise of stock options 185 95 -------- -------- NET CASH USED BY FINANCING ACTIVITIES (3,879) (1,460) -------- -------- INCREASE (DECREASE) IN CASH (719) 741 CASH AT BEGINNING OF PERIOD 2,030 1,486 -------- -------- CASH AT END OF PERIOD $ 1,311 $ 2,227 -------- -------- -------- -------- Certain amounts in fiscal 1998 have been reclassified to permit comparison. 5 This amendment is being submitted for the purpose of correcting a clerical error affecting the Consolidated Balance Sheet on page 3 and the Consolidated Statements of Cash Flow on page 5 of the registrant's quarterly report on Form 10-Q for the fiscal quarter ended June 27, 1999. 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. UNO RESTAURANT CORPORATION (Registrant) Date: SEPTEMBER 7, 1999 By: /s/ ROBERT M. VINCENT --------------------- --------------------------------- Robert M. Vincent Senior Vice President-Finance, Chief Financial Officer and Treasurer (Principal Financial Officer)