EX-99 3 0003.txt EXHIBIT 99 Exhibit 99 CDN GAAP COGNOS INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (US$000s except share amounts, CDN GAAP) (Unaudited)
Three months ended May 31, -------------------------------------------------------------------------- 2000 1999 -------------------------------------------------------------------------- Revenue Product license $ 56,733 $38,871 Product support 33,283 27,519 Services 18,682 15,255 -------------------------------------------------------------------------- Total revenue 108,698 81,645 -------------------------------------------------------------------------- Operating expenses Cost of product license 1,729 1,054 Cost of product support 4,274 3,095 Selling, general, and administrative 74,295 53,478 Research and development 15,854 12,197 Investment tax credits (1,338) (1,167) -------------------------------------------------------------------------- Total operating expenses 94,814 68,657 -------------------------------------------------------------------------- Operating income 13,884 12,988 Interest expense (154) (132) Interest income 2,582 1,731 -------------------------------------------------------------------------- Income before taxes 16,312 14,587 Income tax provision 5,397 4,791 -------------------------------------------------------------------------- Net income $ 10,915 $ 9,796 ========================================================================== Net income per share Basic $ 0.13 $ 0.11 ========================================================================== Diluted $ 0.13 $ 0.11 ========================================================================== Weighted average number of shares (000s) Basic 86,993 86,670 ========================================================================== Diluted 88,686 89,960 ==========================================================================
24 Exhibit 99 CDN GAAP COGNOS INCORPORATED CONSOLIDATED BALANCE SHEETS (US$000s, CDN GAAP)
May 31, February 29, 2000 2000 ------------------------------------------------------------------------------------------- Assets (Unaudited) Current assets Cash and cash equivalents $182,333 $132,435 Short-term investments 31,662 64,284 Accounts receivable 91,609 107,823 Inventories 689 806 Prepaid expenses 10,263 7,840 ------------------------------------------------------------------------------------------- 316,556 313,188 Fixed assets 53,103 44,835 Intangible assets 37,015 40,158 ------------------------------------------------------------------------------------------- $406,674 $398,181 =========================================================================================== Liabilities Current liabilities Accounts payable $ 21,548 $ 22,908 Accrued charges 18,081 17,540 Salaries, commissions, and related items 19,190 24,024 Income taxes payable 4,184 3,548 Current portion of long-term debt 2,082 2,176 Deferred revenue 73,173 76,537 ------------------------------------------------------------------------------------------- 138,258 146,733 Long-term liabilities 2,669 2,699 Deferred income taxes 20,614 21,730 ------------------------------------------------------------------------------------------- 161,541 171,162 ------------------------------------------------------------------------------------------- Stockholders' Equity Capital stock Common shares (May 31, 2000 - 87,436,045; February 29, 2000 - 86,657,578) 115,939 106,936 Retained earnings 137,231 126,316 Other accumulated comprehensive items (8,037) (6,233) ------------------------------------------------------------------------------------------- 245,133 227,019 ------------------------------------------------------------------------------------------- $406,674 $398,181 ===========================================================================================
25 Exhibit 99 CDN GAAP COGNOS INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (US$000s, CDN GAAP) (Unaudited)
Three months ended May 31, -------------------------------------------------------------------------------------------------- 2000 1999 -------------------------------------------------------------------------------------------------- Cash provided by (used in) operating activities Net income $ 10,915 $ 9,796 Non-cash items Depreciation and amortization 7,236 5,996 Deferred income taxes (598) 438 Loss on disposal of fixed assets 194 23 -------------------------------------------------------------------------------------------------- 17,747 16,253 Change in non-cash working capital Decrease in accounts receivable 14,633 5,756 Decrease in inventories 97 18 Increase in prepaid expenses (2,667) (966) Decrease in accounts payable (775) (2,290) Increase (decrease) in accrued charges 747 (91) Decrease in salaries, commissions, and related items (4,315) (6,278) Increase (decrease) in income taxes payable 739 (3,772) Decrease in deferred revenue (2,259) (473) -------------------------------------------------------------------------------------------------- 23,947 8,157 -------------------------------------------------------------------------------------------------- Cash provided by (used in) investing activities Maturity of short-term investments 64,566 56,595 Purchase of short-term investments (32,861) (53,417) Acquisition costs - (874) Additions to fixed assets (13,944) (4,592) -------------------------------------------------------------------------------------------------- 17,761 (2,288) -------------------------------------------------------------------------------------------------- Cash provided by (used in) financing activities Issue of common shares 9,003 1,336 Repurchase of shares - (6,304) Repayment of long-term debt 251 (107) -------------------------------------------------------------------------------------------------- 9,254 (5,075) -------------------------------------------------------------------------------------------------- Effect of exchange rate changes on cash (1,064) 781 -------------------------------------------------------------------------------------------------- Net increase (decrease) in cash and cash equivalents 49,898 1,575 Cash and cash equivalents, beginning of period 132,435 93,617 -------------------------------------------------------------------------------------------------- Cash and cash equivalents, end of period 182,333 95,192 Short-term investments, end of period 31,662 53,565 -------------------------------------------------------------------------------------------------- Cash, cash equivalents, and short-term investments, end of period $213,995 $148,757 ==================================================================================================
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