EX-99.2 3 d86324ex99-2.txt SUPPLEMENTAL INFORMATION DATED APRIL 16,2001 1 EXHIBIT 99.2 [infoUSA LETTERHEAD] TO infoUSA INVESTORS AND ANALYSTS: The following "Consolidated Statement of Operations" contains supplementary information. It clarifies the previous consolidated statement of operations, which was included in the company's First Quarter 2001 press release, dated April 16, 2001. The following statement provides additional detail on the company's goodwill amortization and basic earnings per share. This information is being provided for clarification purposes only - none of the reported numbers have been changed or restated. 2 INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
FOR THE QUARTERS ENDED ------------------------ MARCH 31, MARCH 31, 2000 2001 ---------- ---------- (UNAUDITED) Net sales $ 81,521 $ 73,853 Costs and expenses: Database and production costs 25,683 21,387 Selling, general and administrative 37,244 27,261 Depreciation and amortization of software development costs 4,199 4,949 Amortization of goodwill 7,959 7,784 Non-cash stock compensation expense 1,222 77 Restructuring costs -- 876 Acquisition costs 1,380 -- ---------- ---------- 77,687 62,334 ---------- ---------- Operating income including goodwill amortization 3,834 11,519 Operating income excluding goodwill amortization 11,793 19,303 Other income (expense): Investment income 204 245 Gain on sale of subsidiary stock 2,429 -- Minority interest in subsidiary 274 (60) Interest expense (6,784) (6,914) ---------- ---------- Income (loss) from continuing operations before income taxes, extraordinary item and cumulative effect of change in accounting principle (43) 4,790 Income taxes 247 2,936 ---------- ---------- Income (loss) from continuing operations before extraordinary item and cumulative effect of change in accounting principle (290) 1,854 Discontinued operations, net of tax (1,004) -- Cumulative effect of accounting change, net of tax (10,266) -- ---------- ---------- Net income (loss) $ (11,560) $ 1,854 ========== ========== BASIC & DILUTED EARNINGS PER SHARE: Income (loss) from continuing operations $ (0.01) $ 0.04 Discontinued operations and cumulative effect of change in accounting principle (0.22) -- ---------- ---------- Earnings (loss) per share $ (0.23) $ 0.04 ========== ========== Basic weighted average shares outstanding 49,610 50,609 ========== ========== Diluted weighted average shares outstanding 49,610 50,609 ========== ========== Cash basis earnings per share, fully diluted $ (0.07) $ 0.19 ========== ========== EBITDA, as adjusted $ 18,594 $ 25,205 ========== ==========