-----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, UGF7ETfU574MkdjoFah12tubgqI9omQkYzs+G5/3kS1TbVqm340pNtGXoA9g8/Go cMyHh93SYDswRSrv15g2vg== 0000912057-00-015888.txt : 20000404 0000912057-00-015888.hdr.sgml : 20000404 ACCESSION NUMBER: 0000912057-00-015888 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990215 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WIND RIVER SYSTEMS INC CENTRAL INDEX KEY: 0000833829 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 942873391 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-21342 FILM NUMBER: 592545 BUSINESS ADDRESS: STREET 1: 500 WIND RIVER WAY CITY: ALAMEDA STATE: CA ZIP: 94501 BUSINESS PHONE: 5107484100 MAIL ADDRESS: STREET 1: 1010 ATLANTIC AVE STREET 2: 1010 ATLANTIC AVE CITY: ALAMEDA STATE: CA ZIP: 94501 8-K/A 1 8-K/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report: February 15, 2000 (Date of Earliest Event Reported) WIND RIVER SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 0-21342 94-2873391 (State of jurisdiction) (Commission File No.) (IRS Employer Identification No.) 500 Wind River Way Alameda, CA 94501 (Address of principal executive offices and zip code) Registrant's telephone number, including area code: (510) 748-4100 1 Item 5. Other Events On February 15, 2000, Wind River Systems, Inc. ("Wind River") completed its acquisition of Integrated Systems, Inc. ("ISI") in a stock-for-stock transaction. ISI was acquired pursuant to an Agreement and Plan of Merger and Reorganization, dated as of October 21, 1999 (the "Merger Agreement"), by and among Wind River, ISI and University Acquisition Corp., a wholly owned subsidiary of Wind River ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub was merged with and into ISI, with ISI being the surviving corporation (the "Merger"). As a result of the Merger, ISI became a wholly owned subsidiary of Wind River. In connection with the Merger: (a) each outstanding share of ISI common stock was exchanged for .92 of a share of Wind River common stock, resulting in the issuance of an aggregate of 22,499,895 shares of Wind River common stock for all outstanding shares of ISI common stock, and (b) all options to purchase shares of ISI common stock outstanding immediately prior to the consummation of the Merger were converted into options to purchase shares of Wind River common stock. An aggregate of 4,133,128 Wind River shares have been reserved for the exercise of stock options, determined by multiplying the number of ISI shares subject to stock options by the exchange ratio set forth above. The merger is being accounted for as a pooling of interests. The terms of the transaction were approved by the Boards of Directors of Wind River, ISI and Merger Sub. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits On February 28, 2000, Wind River filed a Form 8-K to report its acquisition of ISI. Pursuant to Item 7 of Form 8-K, Wind River indicated that it would file certain financial information no later than the date required by Item 7 of Form 8-K. This Amendment No. 1 is filed to provide the required financial information. (a) Financial Statements of Business Acquired See Exhibit 99.2 for the audited financial statements of Integrated Systems, Inc. (b) Pro Forma Combined Financial Information The following unaudited pro forma combined financial statements give effect to the merger of Wind River and ISI to be accounted for under the pooling-of-interests method. The accompanying unaudited pro forma combined balance sheet gives effect to the merger of Wind River and ISI as if such transaction occurred on January 31, 2000. The unaudited pro forma combined statements of operations give effect to the merger of Wind River and ISI as of the earliest period presented by combining the results of operations of Wind River for the years ended January 31, 1998 and 1999 with the results of operations of ISI for the years ended February 28, 1998 and 1999, respectively. Prior to the merger of Wind River and ISI, ISI's fiscal year ended on the last day of February. In presenting the merger of Wind River and ISI in these pro forma combined financial statements, ISI's consolidated financial statements as of and for each of the two years in the period ended February 28, 1999 have been combined with Wind River's consolidated financial statements as of and for each of the two years in the period ended January 31, 1999. ISI is expected to change its fiscal year-end to January 31 to conform to Wind River's year-end. As a result, an adjustment has been made to stockholders' equity as of January 31, 1999, to eliminate the effect of including ISI's unaudited results of operations for the month ended February 28, 1999 in the year ended January 31, 2000. 2 The accompanying pro forma combined financial statements do not extend through the date of consummation of the business combination; however, they will become the historical consolidated financial statements of the combined company after financial statements covering the date of consummation of the business combination are issued. The unaudited pro forma information is presented for illustrative purposes only and is not necessarily indicative of the operating results or financial position that would have occurred if the merger had been consummated at the beginning of the periods presented, nor is it necessarily indicative of future operating results or financial position. 3 WIND RIVER SYSTEMS, INC. UNAUDITED SUPPLEMENTAL COMBINED BALANCE SHEET (IN THOUSANDS)
INTEGRATED WIND RIVER SYSTEMS ----------- ------------ PRO FORMA PRO FORMA JANUARY 31, 2000 ADJUSTMENTS COMBINED ------------------------- ---------- --------- ASSETS Current Assets: Cash and Cash Equivalents........................................... $ 58,621 $ 19,906 $ (598) $ 77,929 Short-Term Investments.............................................. 25,383 328 25,711 Accounts Receivable, net of allowances.............................. 48,621 31,111 (146) 79,586 Prepaid and Other Current Assets.................................... 21,893 13,482 35,375 --------- ---------- ---------- --------- Total Current Assets........................................... 154,518 64,827 (744) 218,601 Investments.......................................................... 184,572 24,345 208,917 Land and Equipment, net.............................................. 35,755 20,576 56,331 Other Assets......................................................... 8,621 37,710 (834) 45,497 Restricted Cash...................................................... 39,744 -- 39,744 --------- ---------- ---------- --------- Total Assets................................................... $ 423,210 $ 147,458 $ (1,578) $ 569,090 ========= ========== ========== ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts Payable................................................... $ 6,393 $ 4,158 $10,551 Line of Credit..................................................... 5,094 -- 5,094 Accrued Liabilities................................................ 11,059 11,228 22,287 Accrued Compensation............................................... 10,335 7,575 17,910 Income Taxes Payable............................................... 9,862 -- (281) 9,581 Deferred Revenue................................................... 24,476 24,925 49,401 --------- ---------- ---------- --------- Total Current Liabilities...................................... 67,219 47,886 (281) 114,824 Deferred Taxes Payable............................................... 12,408 -- (834) 11,574 Long-Term Debt....................................................... -- 598 598 Convertible Subordinated Notes....................................... 140,000 -- 140,000 --------- ---------- ---------- --------- Total Liabilities.............................................. 219,627 48,484 (1,115) 266,996 --------- ---------- ---------- --------- Minority Interest in Consolidated Subsidiary......................... 878 -- 878 Stockholders' Equity: Common Stock....................................................... 43 -- 43 Additional Paid in Capital......................................... 140,715 75,457 216,172 Loan to Stockholder................................................ (1,900) -- (1,900) Treasury Stock at Cost............................................. (29,488) -- (29,488) Accumulated Other Comprehensive Income (Loss)...................... 18,300 (1,801) 16,499 Retained Earnings.................................................. 75,035 25,318 (463) 99,890 --------- ---------- ---------- --------- Total Stockholders' Equity..................................... 202,705 98,974 (463) 301,216 --------- ---------- ---------- --------- Total Liabilities and Stockholders' Equity................... $ 423,210 $ 147,458 $ (1,578) $ 569,090 ========= ========== ========== =========
See the accompanying notes to unaudited pro forma combined financial statements. 4 WIND RIVER SYSTEMS, INC. UNAUDITED PRO FORMA COMBINED BALANCE SHEET (IN THOUSANDS)
INTEGRATED WIND RIVER SYSTEMS ----------- ------------ JANUARY 31, FEBRUARY 28, PRO FORMA 1999 1999 COMBINED ----------- ------------ ---------- ASSETS Current Assets: Cash and Cash Equivalents............................................... $ 42,837 $ 19,079 $ 61,916 Short-Term Investments.................................................. 11,043 9,554 20,597 Accounts Receivable, net of allowances.................................. 30,926 28,431 59,357 Prepaid and Other Current Assets........................................ 10,598 7,615 18,213 --------- ---------- ---------- Total Current Assets................................................ 95,404 64,679 160,083 Investments............................................................... 158,628 49,698 208,326 Land and Equipment, net................................................... 31,513 18,633 50,146 Other Assets.............................................................. 10,011 10,025 20,036 Restricted Cash........................................................... 34,157 -- 34,157 --------- ---------- ---------- Total Assets........................................................ $ 329,713 $ 143,035 $ 472,748 ========= ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts Payable........................................................ $ 3,472 $ 4,761 $ 8,233 Accrued Liabilities..................................................... 10,005 10,668 20,673 Accrued Compensation.................................................... 6,030 6,250 12,280 Income Taxes Payable.................................................... 445 2,562 3,007 Deferred Revenue........................................................ 17,318 18,003 35,321 --------- ---------- ---------- Total Current Liabilities........................................... 37,270 42,244 79,514 Convertible Subordinated Notes............................................ 140,000 -- 140,000 --------- ---------- ---------- Total Liabilities................................................... 177,270 42,244 219,514 --------- ---------- ---------- Minority Interest in Consolidated Subsidiary.............................. 551 -- 551 Stockholders' Equity: Common Stock............................................................ 42 -- 42 Additional Paid in Capital.............................................. 126,855 59,848 186,703 Treasury Stock at Cost.................................................. (25,491) -- (25,491) Accumulated Other Comprehensive Income (Loss)........................... (2,155) (759) (2,914) Retained Earnings....................................................... 52,641 41,702 94,343 --------- ---------- ---------- Total Stockholders' Equity.......................................... 151,892 100,791 252,683 --------- ---------- ---------- Total Liabilities and Stockholders' Equity........................ $ 329,713 $ 143,035 $ 472,748 ========= ========== ==========
See the accompanying notes to unaudited pro forma combined financial statements. 5 WIND RIVER SYSTEMS, INC. UNAUDITED SUPPLEMENTAL COMBINED STATEMENT OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
INTEGRATED WIND RIVER SYSTEMS ----------- ------------ YEAR ENDED PRO FORMA PRO FORMA JANUARY 31, 2000 ADJUSTMENTS COMBINED ------------------------- ------------ ---------- Revenues: Products................................................... $ 125,529 $ 86,042 $ (893) $ 210,678 Services................................................... 45,581 59,803 (8) 105,376 --------- ---------- --------- --------- Total Revenues......................................... 171,110 145,845 (901) 316,054 Cost of Revenues: Products................................................... 11,796 16,782 (180) 28,398 Services................................................... 20,508 22,854 43,362 --------- ---------- --------- --------- Total Cost of Revenues................................. 32,304 39,636 (180) 71,760 Gross Profit........................................... 138,806 106,209 (721) 244,966 Operating Expenses: Selling and Marketing...................................... 60,962 62,280 23 123,265 Product Development and Engineering........................ 29,659 25,642 55,301 General and Administrative................................. 17,544 17,982 (1,580) 33,946 Acquisition-Related and Other.............................. -- 8,462 1,436 9,898 Amortization of Intangible Assets.......................... -- 5,528 144 5,672 --------- ---------- --------- --------- Total Operating Expenses............................... 108,165 119,894 23 228,082 Income (Loss)from Operations................................. 30,641 (13,685) (744) 16,212 Other Income (Expense): Interest Income............................................ 15,378 3,557 18,935 Interest Expense and Other................................. (9,112) -- (9,112) Minority Interest in Consolidated Subsidiary............... (327) -- (327) --------- ---------- --------- --------- Total Other Income..................................... 5,939 3,557 -- 9,496 --------- ---------- --------- --------- Income (Loss) before Provision (Benefit) for Income Taxes.... 36,580 (10,128) (744) 25,708 Provision (Benefit) for Income Taxes......................... 14,109 1,517 (281) 15,345 --------- ---------- --------- --------- Net Income (Loss).................................... $ 22,471 $ (11,645) $ (463) $ 10,363 ========= ========== ========= ========= Net Income (Loss) per Share: Basic...................................................... 0.53 (0.50) $ 0.16 Diluted.................................................... 0.49 (0.50) $ 0.15 Weighted average common and common equivalent shares: Basic...................................................... 41,674 23,285 63,096 Diluted.................................................... 44,778 23,285 67,029
See the accompanying notes to unaudited pro forma combined financial statements. 6 WIND RIVER SYSTEMS, INC. UNAUDITED PRO FORMA COMBINED STATEMENT OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
INTEGRATED WIND RIVER SYSTEMS ----------- ----------- YEAR ENDED ------------------------- JANUARY 31, FEBRUARY 28, PRO FORMA PRO FORMA 1999 1999 ADJUSTMENTS COMBINED ------------ ----------- ------------ ---------- Revenues: Products................................................... $ 98,844 $ 76,622 $ (3,674) $ 171,792 Services................................................... 33,058 56,882 3,424 93,364 --------- ---------- --------- --------- Total Revenues......................................... 131,902 133,504 (250) 265,156 Cost of Revenues: Products................................................... 8,896 16,169 (866) 24,199 Services................................................... 12,999 22,323 616 35,938 --------- ---------- --------- --------- Total Cost of Revenues................................. 21,895 38,492 (250) 60,137 Gross Profit........................................... 110,007 95,012 -- 205,019 Operating Expenses: Selling and Marketing...................................... 45,968 48,743 (1,025) 93,686 Product Development and Engineering........................ 19,147 18,625 37,772 General and Administrative................................. 8,282 12,940 917 22,139 Acquisition-Related and Other.............................. -- 8,507 8,507 Amortization of Intangible Assets.......................... -- 523 108 631 --------- ---------- --------- --------- Total Operating Expenses............................... 73,397 89,338 -- 162,735 Income from Operations....................................... 36,610 5,674 -- 42,284 Other Income (Expense): Interest Income............................................ 13,679 4,962 18,641 Interest Expense and Other................................. (8,727) -- (8,727) Minority Interest in Consolidated Subsidiary............... (151) -- (151) --------- ---------- --------- --------- Total Other Income..................................... 4,801 4,962 -- 9,763 --------- ---------- --------- --------- Income before Provision for Income Taxes..................... 41,411 10,636 -- 52,047 Provision for Income Taxes................................... 15,788 1,003 16,791 --------- ---------- --------- --------- Net Income............................................. $ 25,623 $ 9,633 $ -- $ 35,256 ========= ========== ========= ========= Net Income per Share: Basic...................................................... 0.64 0.42 $ 0.57 Diluted.................................................... 0.58 0.40 $ 0.54 Weighted average common and common equivalent shares: Basic...................................................... 40,267 23,138 61,554 Diluted.................................................... 43,843 23,840 65,776
See the accompanying notes to unaudited pro forma combined financial statements. 7 WIND RIVER SYSTEMS, INC. UNAUDITED PRO FORMA COMBINED STATEMENT OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
INTEGRATED WIND RIVER SYSTEMS ----------- ------------ YEAR ENDED ------------------------- JANUARY 31, FEBRUARY 28, PRO FORMA PRO FORMA 1998 1998 ADJUSTMENTS COMBINED ----------- ------------ ------------- ----------- Revenues: Products................................................... $ 68,380 $ 68,619 $ (5,448) $ 131,551 Services................................................... 25,390 51,850 5,228 82,468 --------- ---------- --------- --------- Total Revenues......................................... 93,770 120,469 (220) 214,019 Cost of Revenues: Products................................................... 6,349 14,373 (220) 20,502 Services................................................... 9,633 27,430 37,063 --------- ---------- --------- --------- Total Cost of Revenues................................. 15,982 41,803 (220) 57,565 Gross Profit........................................... 77,788 78,666 -- 156,454 Operating Expenses: Selling and Marketing...................................... 33,226 42,701 (1,977) 73,950 Product Development and Engineering........................ 12,898 18,823 31,721 General and Administrative................................. 6,792 11,161 1,977 19,930 Acquired in-process Research and Development............... 15,159 -- 15,159 Amortization of Intangible Assets.......................... -- 688 688 --------- ---------- --------- --------- Total Operating Expenses............................... 68,075 73,373 -- 141,448 Income from Operations....................................... 9,713 5,293 -- 15,006 Other Income (Expense): Interest Income............................................ 7,743 3,908 11,651 Interest Expense and Other................................. (4,213) -- (4,213) Minority Interest in Consolidated Subsidiary............... (88) -- (88) --------- ---------- --------- --------- Total Other Income..................................... 3,442 3,908 -- 7,350 --------- ---------- --------- --------- Income before Provision for Income Taxes..................... 13,155 9,201 -- 22,356 Provision for Income Taxes................................... 8,829 3,128 11,957 --------- ---------- --------- --------- Net Income............................................. $ 4,326 $ 6,073 $ -- $ 10,399 ========= ========== ========= ========= Net Income per Share: Basic...................................................... 0.11 0.26 $ 0.17 Diluted.................................................... 0.10 0.25 $ 0.16 Weighted average common and common equivalent shares: Basic...................................................... 38,915 23,237 60,293 Diluted.................................................... 43,567 24,078 65,719
See the accompanying notes to unaudited pro forma combined financial statements. 8 Wind River Systems, Inc. Notes to Unaudited Pro Forma Combined Financial Statements 1. Basis of Presentation The accompanying condensed combined financial statements and related notes of Wind River Systems, Inc. ("Wind River") are unaudited. However, in the opinion of management, all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. These condensed combined financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended January 31, 1999 included in Wind River's Annual Report on Form 10-K. In accordance with the rules and regulations of the Securities and Exchange Commission, unaudited condensed combined financial statements may omit or condense certain information and disclosures normally required for a complete set of financial statements prepared in accordance with generally accepted accounting principles. However, Wind River believes that the notes to the condensed combined financial statements contain disclosures adequate to make the information presented not misleading. The condensed combined financial statements include the accounts of Wind River and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the recorded amounts reported in the unaudited condensed combined financial statements and accompanying notes. A change in the facts and circumstance surrounding these estimates could result in a change to the estimates and impact future operating results. Certain amounts in the fiscal year 1999 condensed combined financial statements have been reclassified to conform to the fiscal year 2000 presentation. 2. Periods Presented Wind River's fiscal year ends on January 31. Prior to the merger, ISI's fiscal year ended on the last day of February. ISI changed its year-end to January 31 to conform to Wind River's year-end. The accompanying unaudited pro forma statements of operations information gives effect to the merger of Wind River and ISI as if such merger occurred as of the beginning of the earliest period presented. The pro forma combined statement of operations for the year ending January 31, 1998 reflect the results of operations of Wind River for the year ended January 31, 1998, combined with the results of operations of ISI for the year ended February 28, 1998. The pro forma combined statement of operations for the year ending January 31, 1999 reflect the results of operations of Wind River for the year ended January 31, 1999, combined with the results of operations of ISI for the year ended February 28, 1999. The supplemental combined statement of operations for the year ending January 31, 2000 reflect the results of operations of Wind River for the year ended January 31, 2000, which includes the results of operations for the year ending December 31, 1999 of Wind River's international subsidiaries, combined with the results of operations of ISI for the year ended January 31, 2000, which includes the results of operations for the year ending December 31, 1999 of ISI's international subsidiaries. An adjustment has been made to stockholders' equity as of January 31, 1999, to eliminate the effect of including ISI's unaudited results of operations for the month ended February 28, 1999 in the year ended January 31, 2000. The pro forma combined balance sheet as of January 31, 1999, combines the assets, liabilities and stockholders' equity of Wind River at January 31, 1999 with the assets, liabilities and stockholders' equity of ISI as of February 28, 1999. The supplemental combined balance sheets as of January 31, 2000, combine the assets, liabilities and stockholders' equity of Wind River at January 31, 2000 with the assets, liabilities and stockholders' equity of ISI as of January 31, 2000. 9 Wind River Systems, Inc. Notes to Unaudited Pro Forma Combined Financial Statements The supplemental combined financial statements reflect the issuance of a total of approximately 22,499,895 shares of Wind River's common stock for all of the outstanding shares of ISI's outstanding common stock as of February 15, 2000, which reflects an exchange ratio of .92 of a share of Wind River's common stock for each share of ISI's common stock. 3. Merger & Transition Costs Wind River and ISI incurred approximately $4.0 million of costs associated with the merger, including $3.0 million for legal, accounting and other professional consulting fees and $1.0 million for investment banking fees, which have been recorded in Prepaid and Other Current Assets at January 31, 2000 and will be charged to operations in the first quarter of fiscal year 2001. An additional $11.0 million of transaction costs have been incurred in the first quarter of fiscal year 2001, of which $9.4 million was associated with investment banking fees. It is estimated that a further $6.0 million of merger costs will be incurred in the first quarter of fiscal year 2001, primarily relating to severance payments. The foregoing estimate is a forward looking statement that involves risks and uncertainties. Actual results could differ materially due to factors such as timing and number of employee terminations, consolidation and relocation of operations and associated costs. 4. Pro Forma Adjustments The following pro forma adjustments have been made to the historical financial statements of Wind River and ISI based upon assumptions made by management for the purpose of preparing the unaudited pro forma combined condensed financial statements. (a) To eliminate intercompany royalties and costs associated with product sold to Wind River by ISI. (b) To reclass revenues, bad debt expense and international general and administrative expenses to conform to Wind River's presentation, for the years ended January 31, 1999 and 1998, and amortization of intangibles for the years ended January 31, 2000 & 1999. (c) To align the international entity year ends. (d) To reclass tax asset for appropriate GAAP presentation. 5. Pro Forma Net Income Per Share The pro forma combined basic net income per share is based on the combined weighted average number of common shares of Wind River's common stock and ISI's common stock outstanding for each period, calculated using the exchange ratio that resulted in the issuance of 22,499,895 shares of Wind River common stock for all of the outstanding shares of ISI as of February 15, 2000. All employee stock options have been included in the computation of pro forma combined diluted net income per share using the treasury stock method to the extent such instruments were dilutive for the periods presented. 10 Wind River Systems, Inc. Notes to Unaudited Pro Forma Combined Financial Statements 6. Segment and Geographic Information Wind River operates in one industry segment - technology for embedded operating systems. Management uses one measure of profitability for its business. Wind River markets its products and related services to customers in the United States, Canada, Europe and Asia Pacific. Internationally, Wind River markets its products and services primarily through its subsidiaries and various distributors. Revenues are attributed to geographic areas based on the country in which the customer is domiciled. The distribution of revenues and assets by geographic location is as follows:
(In thousands) REVENUE - --------------------------------------------------------------------------------- PRO FORMA PRO FORMA WIND RIVER ISI ADJUSTMENTS COMBINED ---------- --- ----------- --------- Fiscal year ended January 31, 2000: North America $113,799 $ 85,117 $ (180) $198,736 Japan 26,411 16,469 42,880 Other International 30,900 44,259 (721) 74,438 - ---------------------------------------------------------------------------------- Total $171,110 $145,845 $ (901) $ 316,054 - ---------------------------------------------------------------------------------- Fiscal year ended January 31, 1999: North America $ 90,289 $ 77,063 $ (250) $167,102 Japan 17,018 16,916 33,934 Other International 24,595 39,525 64,120 - ---------------------------------------------------------------------------------- Total $131,902 $133,504 $ (250) $265,156 - ---------------------------------------------------------------------------------- Fiscal year ended January 31, 1998: North America $ 66,845 $ 70,559 $ (220) $137,184 Japan 8,504 18,473 26,977 Other International 18,421 31,437 49,858 - ---------------------------------------------------------------------------------- Total $ 93,770 $120,469 $ (220) $214,019 - ----------------------------------------------------------------------------------
11 Wind River Systems, Inc. Notes to Unaudited Pro Forma Combined Financial Statements
(In thousands) ASSETS - --------------------------------------------------------------------- PRO FORMA PRO FORMA WIND RIVER ISI ADJUSTMENTS COMBINED ---------- --- ----------- --------- January 31, 2000: North America $355,751 $116,282 $ (834) $471,199 Japan 25,596 6,121 31,717 Other International 41,863 25,055 (744) 66,174 - -------------------------------------------------------------------------------- Total $423,210 $147,458 $ (1,578) $569,090 - -------------------------------------------------------------------------------- January 31, 1999: North America $298,739 $123,029 $421,768 Japan 12,043 6,301 18,344 Other International 18,931 13,705 32,636 - -------------------------------------------------------------------------------- Total $329,713 $143,035 -- $472,748 - -------------------------------------------------------------------------------- January 31, 1998: North America $270,003 $108,838 $378,841 Japan 7,196 6,950 14,146 Other International 13,642 12,332 25,974 - -------------------------------------------------------------------------------- Total $290,841 $128,120 -- $418,961 - --------------------------------------------------------------------------------
Other International consists of the revenues and assets of operations in Europe and Asia Pacific, excluding Japan. 12 (c) Exhibits The following exhibits are filed herewith or are incorporated by reference to exhibits previously filed with the Commission. EXHIBIT NUMBER DESCRIPTION - -------------------------------------------------------------------------------- 2.1* Agreement and Plan of Merger and Reorganization, dated as of October 21, 1999, among Wind River Systems, Inc., University Acquisition Corp. and Integrated Systems, Inc. (incorporated by reference to Exhibit 2.1 to Wind River System's Inc's Registration Statement on Form S-4 (No. 333-91545) filed November 23, 1999, as amended). 99.1* Press release titled "Wind River Announces the Completion of its Acquisition of Integrated Systems", dated February 15, 2000. 99.2* Integrated Systems, Inc. Annual Report on Form 10-K/405 for the year ended February 28, 1999, dated as of May 26, 1999 (incorporated by reference, File No. 000-18268, filed by Integrated Systems, Inc. on May 28, 1999.) ---------------------------- * Previously filed. 13 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 hereunto duly authorized. WIND RIVER SYSTEMS, INC. Dated: March 31, 2000 By: /s/ RICHARD W. KRABER ------------------------------- Richard W. Kraber Chief Financial Officer 14 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - -------------------------------------------------------------------------------- 2.1* Agreement and Plan of Merger and Reorganization, dated as of October 21, 1999, among Wind River Systems, Inc., University Acquisition Corp. and Integrated Systems, Inc. (incorporated by reference to Exhibit 2.1 to Wind River System's Inc's Registration Statement on Form S-4 (No. 333-91545) filed November 23, 1999, as amended). 99.1* Press release titled "Wind River Announces the Completion of its Acquisition of Integrated Systems", dated February 15, 2000. 99.2* Integrated Systems, Inc. Annual Report on Form 10-K/405 for the year ended February 28, 1999, dated as of May 26, 1999 (incorporated by reference, File No. 000-18268, filed by Integrated Systems, Inc. on May 28, 1999.) ---------------------------- * Previously filed. -----END PRIVACY-ENHANCED MESSAGE-----