| Coinstar, Inc. | |||
| Ticker: | CSTR | 13231 SE 36th Street, Suite 200 | |
| Exchange: | NASDAQ-National Market | Bellevue, WA 98006 | |
| Industry: | Service (SIC Code 7299) | (206) 644-6789 | |
| Type of Shares: | Common Shares | Filing Date: | 5/9/97 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 7/2/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $10.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.74 | |
| Offering Amount: | $42,000,000 | Selling: | $0.44 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (212) 723-7300 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 439-3626 |
| Issuer's Law Firm: | Cooley Godward Castro Huddleson & Tatum |
| Bank's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | American Securities Transfer, Inc |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $8.31 | $4.00 | $0.75 | Assets: | $81.54 |
| Net Income: | -$15.97 | -$7.50 | -$2.31 | Curr Assets: | |
| EPS: | Liabilities: | $86.02 | |||
| Prior EPS: | -$0.68 | $0.56 | Curr Liabilities: | ||
| Cash Flow/Oper: | -$3.35 | Equity: | -$4.48 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops, owns and operates a network of automated, self-service coin counting and processing machines that provide consumers with a convenient means to convert loose coins into cash. The Coinstar units located in supermarkets nationwide, accept and count accumulated loose coins deposited by consumers and issue vouchers listing the total number denominations and dollar value of coins processed less a processing fee of 7.5% charged by the company. The vouchers are redeemable by customers at store cashiers for either credit towards retail purchases or cash, regardless of whether a purchase is made. The company believes its service addresses a significant consumer need for a convenient and reliable coin processing method. The Coinstar service provides consumers with a means of redeeming accumulated loose coins and an alternative to manually presorting, counting and wrapping coins typically required for cash redemption at a bank. Since inception, the Coinstar network has processed over 7 million customer transactions consisting of over 5 billion coins worth over $190 million. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the continued expansion of the Coinstar network; for working capital, product research and development activities and general corporate purposes. |