-----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, NWiHAz0PadiqXKyVrXzBO+H1rIw3H7HFItTjlsRTPqYTV+76uia1eb7tP2JktTed vKg6vRYQkB+ZxPnYs59nEA== 0000016099-98-000013.txt : 19981202 0000016099-98-000013.hdr.sgml : 19981202 ACCESSION NUMBER: 0000016099-98-000013 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980831 FILED AS OF DATE: 19981201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LUBYS CAFETERIAS INC CENTRAL INDEX KEY: 0000016099 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 741335253 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 001-08308 FILM NUMBER: 98762344 BUSINESS ADDRESS: STREET 1: 2211 NE LOOP 410 STREET 2: P O BOX 33069 CITY: SAN ANTONIO STATE: TX ZIP: 78265-3069 BUSINESS PHONE: 2106549000 FORMER COMPANY: FORMER CONFORMED NAME: CAFETERIAS INC DATE OF NAME CHANGE: 19810126 10-K/A 1 FORM 10-K AMENDMENT NO. 1 FORM 10-K/A AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 (Mark One) [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended August 31, 1998 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from _________________ to ______________________ Commission file number: 1-8308 LUBY'S CAFETERIAS, INC. ______________________________________________________________________________ (Exact name of registrant as specified in its charter) Delaware 74-1335253 _________________________ ___________________________________ (State of Incorporation) (I.R.S. Employer Identification No.) 2211 Northeast Loop 410 Post Office Box 33069 San Antonio, Texas 78265-3069 Area Code 210 654-9000 _______________________________________ _______________________________ (Address of principal executive office) (Registrant's telephone number) Securities registered pursuant to Section 12(b) of the Act: Name of exchange on Title of Class which registered ______________ ______________________ Common Stock ($.32 par value) New York Stock Exchange Common Stock Purchase Rights New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None ____ 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 and (2) has been subject to such filing requirements for the past 90 days. Yes X No ___ ___ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ] The aggregate market value of the shares of Common Stock of the registrant held by non-affiliates of the registrant as of November 10, 1998, was approximately $329,676,000 (based upon the assumption that directors and officers are the only affiliates). As of November 10, 1998, there were 22,964,475 shares of the registrant's Common Stock outstanding, exclusive of 4,438,592 treasury shares. Portions of the following documents are incorporated by reference into the designated parts of this Form 10-K: annual report to shareholders for the fiscal year ended August 31, 1998 (in Part II) and proxy statement relating to 1999 annual meeting of shareholders (in Part III). PART II Item 8. Financial Statements and Supplementary Data. Luby's Cafeterias, Inc. Consolidated Statements of Cash Flows Years Ended August 31, 1998 1997 1996 ________ ________ ________ (Thousands of dollars) CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 5,081 $28,447 $ 39,208 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 21,121 20,196 17,693 Provision for asset impairments and store closings 36,852 12,132 - Gain on disposal of property held for sale (704) - - (Gain) loss on disposal of property, plant, and equipment 142 (110) 31 ________ ________ ________ Cash provided by operating activities before changes in operating assets and liabilities 62,492 60,665 56,932 Changes in operating assets and liabilities: (Increase) decrease in trade accounts and other receivables (194) 31 (230) (Increase) decrease in food and supply inventories (565) 10 (483) Increase in prepaid expenses (789) (391) (346) Increase in other assets (1,881) (226) (1,115) Increase (decrease )in accounts payable-trade (1,102) 174 2,441 Increase (decrease) in accrued expenses and other liabilities 3,260 817 (337) Increase (decrease) in income taxes payable (337) (48) 1,263 Increase (decrease) in deferred income taxes and other credits (12,263) (3,664) 2,229 Decrease in reserve for store closings (664) - - _______ ________ ________ Net cash provided by operating activities 47,957 57,368 60,354 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from disposal of property held for sale 4,888 - - Proceeds from disposal of property, plant, and equipment 73 2,803 153 Purchases of land held for future use (933) (11,649) (5,776) Purchases of property, plant, and equipment (25,082) (50,783) (42,753) _______ ________ ________ Net cash used in investing activities (21,054) (59,629) (48,376) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock under stock option plans 42 2,878 16,145 Net payments of short-term borrowings - - (57,000) Proceeds from long-term debt 908,000 979,000 268,000 Reductions of long-term debt (919,000) (936,000) (227,000) Purchases of treasury stock - (21,077) (4,839) Dividends paid (18,615) (18,797) (16,989) _______ _______ _______ Net cash provided by (used in) financing activities (29,573) 6,004 (21,683) _______ _______ _______ Net increase (decrease) in cash and cash equivalents (2,670) 3,743 (9,705) Cash and cash equivalents at beginning of year 6,430 2,687 12,392 ________ ________ ________ Cash and cash equivalents at end of year $ 3,760 $ 6,430 $ 2,687 ________ ________ ________ See accompanying notes. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) 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. Date: November 25, 1998 LUBY'S CAFETERIAS, INC. (Registrant) By: BARRY J.C. PARKER ____________________________ Barry J.C. Parker, President and Chief Executive Officer Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Signature and Date Name and Title __________________ __________________________ DAVID B. DAVISS David B. Daviss, Chairman _______________________________ of the Board November 25, 1998 BARRY J.C. PARKER Barry J.C. Parker, President, _______________________________ Chief Executive Officer, November 25, 1998 and Director LAURA M. BISHOP Laura M. Bishop, Senior Vice ________________________________ President and Chief Financial November 25, 1998 Officer PAULA Y. GOLD-WILLIAMS Paula Gold-Williams, Controller ________________________________ November 25, 1998 RONALD K. CALGAARD Ronald K. Calgaard, Director ________________________________ November 25, 1998 LAURO F. CAVAZOS Lauro F. Cavazos, Director ________________________________ November 25, 1998 JUDITH B. CRAVEN Judith B. Craven, Director ________________________________ November 25, 1998 ARTHUR R. EMERSON Arthur R. Emerson, Director ________________________________ November 25, 1998 ROGER R. HEMMINGHAUS Roger R. Hemminghaus, Director ________________________________ November 25, 1998 JOHN B. LAHOURCADE John B. Lahourcade, Director ________________________________ November 25, 1998 WALTER J. SALMON Walter J. Salmon, Director ________________________________ November 25, 1998 GEORGE H. WENGLEIN George H. Wenglein, Director ________________________________ November 25, 1998 JOANNE WINIK Joanne Winik, Director ________________________________ November 25, 1998 -----END PRIVACY-ENHANCED MESSAGE-----