Float is 188,386 MM shares
ASCEND COMMUNICATIONS, INC.
PRO FORMA
COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS
Quarter Ended June 30, 1997
Cost of
Ascend Cascade Combined Mergers Combined
Net Sales $212,525 $99,168 $311,693 $ - $311,693
Cost of Sales 73,430 35,247 108,677 - 108,677
Gross Profit 139,095 63,921 203,016 - 203,016
Operating Expenses:
Research and Development 20,682 19,539 40,221 - 40,221
Sales and Marketing 44,678 15,198 59,876 - 59,876
General and Admin. 5,666 3,789 9,455 - 9,455
Cost of Mergers - - - 150,271 150,271
Total Operating Expenses 71,026 38,526 109,552 150,271 259,823
Operating Income (Loss) 68,069 25,395 93,464 (150,271) (56,807)
Interest Income, Net 4,027 2,275 6,302 - 6,302
Inc.(Loss) Bef. Inc. Taxes 72,096 27,670 99,766 (150,271) (50,505)
Prov. (Ben.) for Inc. Taxes 26,675 10,653 37,328 (38,996) (1,668)
Net Income (Loss) $ 45,421 $17,017 $ 62,438 ($111,275) ($48,837)
Net Inc. (Loss) Per Share $ 0.35 $ 0.17 $ 0.31 ($ 0.26)
Total Number of Shares
Before Exchange Ratio 129,022 100,636
Exchange Ratio 0.70
Total Number of Shares
After Exchange Ratio 129,022 70,445 199,467 188,386 |
