CMGI Q2 shr loss $0.74
ANDOVER, Mass., March 9 (Reuters) -
(In thousands except per share amounts)
(Unaudited)
Three months ended Six months ended
Jan. 31, Oct. 31, Jan. 31, Jan. 31, Jan. 31,
2000 1999 1999 2000 1999
Net revenues $153,469 $123,731 $38,972 $277,200 $76,377
Operating expenses:
Cost of revenues 121,749 108,173 37,121 229,922 72,744
Research and
development 31,424 20,188 5,194 51,612 10,502
In-process research
and development 4,717 -- -- 4,717 --
Selling 112,737 72,501 6,918 185,238 15,142
General and
administrative 40,868 27,357 9,310 68,225 16,049
Amortization of
intangibles and
stock-based
compensation 253,831 170,039 1,498 423,870 3,137
Total operating
expenses 565,326 398,258 60,041 963,584 117,574
Operating loss (411,857) (274,527) (21,069) (686,384) (41,197)
Other income (deductions):
Gains on issuance
of stock by
subsidiaries
and affiliates 5,571 46,368 4,261 51,939 48,767
Other gains, net 166,149 48,349 50,598 214,498 94,692
Minority interest 31,576 23,288 103 54,864 204
Equity in losses
of affiliates (3,633) (1,796) (6,189) (5,429) (9,548)
Interest income 10,649 5,871 748 16,520 1,307
Interest expense (7,830) (5,700) (1,165) (13,530) (2,233)
Total 202,482 116,380 48,356 318,862 133,189
Income (loss) from
continuing operations
before income taxes (209,375) (158,147) 27,287 (367,522) 91,992
Income tax
expense (benefit) (23,800) (40,735) 14,138 (64,535) 40,454
Income (loss)
from continuing
operations (185,575) (117,412) 13,149 (302,987) 51,538
Discontinued operations,
net of income taxes:
Loss from operations
of lists and database
services segment -- -- (148) -- (279)
Net income (loss) (185,575) (117,412) 13,001 (302,987) 51,259
Preferred stock
accretion and
amortization
of discount (2,228) (4,935) -- (7,163) --
Net income (loss)
available to
common
stockholders $(187,803)$(122,347) $13,001 $(310,150) $51,259
Basic income
(loss) per share
available to
common
stockholders $(0.74) $(0.54) $0.07 $(1.31) $0.28
Diluted income
(loss) per share
available to
common
stockholders $(0.74) $(0.54) $0.06 $(1.31) $0.25
Shares used in
computing
earnings (loss)
per share:
Basic 252,515 226,372 185,040 237,519 184,640
Diluted 252,515 226,372 205,028 237,519 202,600
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