Here are the actual balance sheet numbers (for you bean counters) from
the press release:
(I'm doing this in Fixed Font, hope the formatting comes out OK....)
WIND RIVER SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Three Months Ended Six Months Ended
July 31, July 31,
1996 1995 1996 1995
(In thousands, except per share amounts)
Revenues:
Product $10,700 $ 7,002 $ 19,231 $ 13,034
Services 4,300 3,098 8,369 5,766
Total revenues 15,000 10,100 27,600 18,800
Costs and expenses:
Cost of product 1,246 749 2,335 1,423
Cost of services 1,744 1,233 3,305 2,420
Selling and marketing 5,767 4,234 10,906 8,169
Product development and
engineering 1,913 1,332 3,508 2,567
General and administrative 1,133 819 2,151 1,575
Total cost and expenses 11,803 8,367 22,205 16,154
Operating income 3,197 1,733 5,395 2,646
Other income (expense):
Interest income 263 196 464 388
Interest expense (8) (11) (19) (24)
Minority interest in
consolidated subsidiary
and other (62) 28 (60) 11
Total other income 193 213 385 375
Income before income taxes 3,390 1,946 5,780 3,021
Provision for income taxes 1,300 739 2,220 1,148
Net income $ 2,090 $ 1,207 $ 3,560 $ 1,873
Net income per share $0.13 $0.08 $0.22 $0.12
Weighted average common
and common equivalent shares
outstanding 16,485 15,456 16,239 15,261
WIND RIVER SYSTEMS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
July 31, Jan. 31,
1996 1996
(Unaudited)
ASSETS
Current assets:
Cash $ 7,484 $ 9,205
Short term investments 57,240 20,632
Accounts receivable, net of
allowance for doubtful accounts
of $473 and $378, respectively 10,526 9,216
Prepaids and other current assets 1,298 1,108
Total current assets 76,548 40,161
Equipment and furniture, net
accumulated depreciation of $5,977
and $5,048, respectively 6,107 4,059
Computer software development costs,
net of accumulated amortization of
$2,095 and $1,782, respectively 768 721
Deposits and prepaid assets 718 539
Long-term investments 27,676 0
------- -------
$111,817 $45,480
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $1,211 $1,345
Accrued liabilities 3,464 2,374
Accrued compensation 2,911 2,642
Accrued taxes 1,650 1,271
Deferred tax liabilities, net 484 498
Deferred software support and
development revenue 5,077 4,214
Total current liabilities 14,797 12,344
Deferred rent 128 116
Total liabilities 14,925 12,460
Minority interest in consolidated
subsidiary 273 207
Stockholders' equity:
Common stock, par value $.001,
75,000 and 20,000 shares
authorized, respectively,
16,556 and 14,117 shares issued
respectively, and 16,556 and
13,892 shares outstanding,
respectively 17 9
Additional paid in capital 82,123 24,805
Cumulative translation adjustments (419) (74)
Retained earnings 14,898 11,338
Less treasury stock, 0 and 225
shares, at cost, respectively 0 (3,265)
Total stockholders' equity 96,619 32,813
------- -------
$111,817 $45,480
CONTACT: Wind River Systems, Inc.
Richard Kraber, 510/748-4100 |
