1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------------- FORM 10-Q/A (Mark One) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2000 ------------------------------------------- OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Not Applicable to -------------------- ------------------------ Commission file number 0-25890 ---------------------------------------------------------- CENTURY BUSINESS SERVICES, INC. ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 22-2769024 - ------------------------------- -------------------------------------- (State or Other Jurisdiction of (I.R.S. Employer Identification No.) Incorporation or Organization) 6480 Rockside Woods Boulevard South, Suite 330, Cleveland, Ohio 44131 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (Registrant's Telephone Number, Including Area Code) 216-447-9000 --------------------------- - -------------------------------------------------------------------------------- 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 proceeding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ] Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: Outstanding at Class of Common Stock April 30, 2000 --------------------- -------------- Par value $.01 per share 95,423,629 ---------- 1
2 Discussion of Form 10-Q/A, Amended Quarterly Report, Filing As a result of changes to the data included in the table in Footnote 9 to the condensed consolidated financial statements, the following replaces, in its entirety, Footnote 9 included in Century's previously filed quarterly report on Form 10-Q for the period ended March 31, 2000. 9. SEGMENT REPORTING Statement of Financial Accounting Standards No. 131, "Disclosures about Segments of an Enterprise and Related Information," established standards for reporting selected information about operating segments, products and services, geographic areas and major customers. Century's business units have been aggregated into four reportable segments: business solutions; benefits and insurance; performance consulting and technology solutions services. Segment information for the three-month periods ended March 31, 2000 and 1999 is as follows: For the Three Months Ended March 31, 2000 Business Benefits & Performance Technology Corporate Total Solutions Insurance Consulting Solutions and Other ---------- ------------- -------------- ------------- ----------- ------------- Revenue $ 108,010 $ 46,873 $ 5,224 $ 12,013 $ - $ 172,120 Operating income (1) 31,425 9,814 1,692 (229) - 42,702 Corporate gen. and admin. (1) - - - - 8,519 8,519 Depreciation and amortization 1,588 581 38 119 8,438 10,764 Interest expense 66 68 8 (2) 2,555 2,695 Other income, net (173) (297) (8) (56) (368) (902) Pre-tax income (loss) $ 29,944 $ 9,462 $ 1,654 $ (290) $ (19,144) $ 21,626 For the Three Months Ended March 31, 1999 Business Benefits & Performance Technology Corporate Total Solutions Insurance Consulting Solutions and Other ---------- ------------- -------------- ------------- ----------- ------------- Revenue $ 86,740 $ 36,365 $ 3,957 $ 11,310 $ - $ 138,372 Operating income 25,400 5,689 1,570 1,083 - 33,742 Corporate gen. and admin. - - - - 3,100 3,100 Merger-related - - - - 1,518 1,518 Depreciation and amortization 1,172 698 25 84 2,404 4,383 Interest expense 113 158 - 86 940 1,297 Other income, net (302) (596) (69) (88) (329) (1,384) Pre-tax income (loss) $ 24,417 $ 5,429 $ 1,614 $ 1,001 $ (7,633) $ 24,828
(1) includes unusual expenses and credits as discussed in Footnote 7 to the condensed consolidated financial statements. 2 3 SIGNATURE --------- 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. Century Business Services, Inc. ------------------------------- (Registrant) Date: May 22, 2000 By: /s/ Jerome P. Grisko, Jr. ------------------- ------------------------------- Jerome P. Grisko, Jr President 3