Balance sheet and income statement:
Informix Corporation
Condensed Consolidated Balance Sheets
(in thousands)
March 31, December 31,
1998 1997
(unaudited)
ASSETS
Current assets:
Cash and short-term investments $ 165,490 $ 155,465
Accounts receivable, net 135,969 142,048
Deferred taxes 13,219 12,249
Other current assets 27,045 26,243
Total current assets 341,723 336,005
Property and equipment, net 86,913 96,012
Software costs, net 38,826 40,854
Deferred taxes 45,906 56,345
Long-term investments -- --
Intangible assets, net 7,068 8,277
Other assets 29,834 25,751
Total assets $ 550,270 $ 563,244
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 30,845 $ 36,155
Accrued expenses 56,125 64,538
Accrued employee compensation 44,309 49,154
Income taxes payable 4,442 3,031
Deferred income taxes -- --
Deferred maintenance revenue 110,171 100,828
Advances on unearned license revenue 156,505 180,048
Accrued restructuring charges 17,344 26,597
Other current liabilities 8,468 15,802
Total current liabilities 428,209 476,153
Other liabilities 6,187 6,311
Deferred taxes 20,903 21,716
Stockholders' equity:
Convertible preferred stock 1 3
Common stock 1,674 1,526
Additional paid-in capital 368,497 347,582
Retained earnings (accumulated
deficit) (271,066) (278,144)
Unrealized gain (loss) on
available-for-sale securities,
net of tax 3,207 (767)
Foreign currency translation
adjustment (7,342) (11,136)
Total stockholders' equity 94,971 59,064
Total liabilities and stockholders'
equity $ 550,270 $ 563,244
Informix Corporation
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
Three Months Ended
March 31, March 30,
1998 1997
(unaudited) (restated)
Net revenues:
Licenses $ 89,462 $ 85,714
Services 77,720 63,509
---------- ----------
167,182 149,223
Costs and expenses:
Cost of software distribution 9,833 29,134
Cost of services 37,425 41,152
Sales and marketing 63,889 131,023
Research and development 36,619 35,289
General and administrative 13,531 28,027
Write-off of goodwill and other
long-term assets -- 30,473
Write-off of acquired research &
development -- 7,000
Restructuring (3,252) --
---------- ----------
158,045 302,098
Operating income (loss) 9,137 (152,875)
Interest income 2,038 1,267
Interest expense (1,882) (1,789)
Other income (expense), net (315) 12,036
Income (loss) before income taxes 8,978 (141,361)
Income taxes 1,900 2,800
---------- ----------
Net income (loss) $ 7,078 $ (144,161)
Preferred stock dividend (603) --
Value assigned to warrants (1,594) --
Net income (loss)applicable to
common stockholders $ 4,881 $ (144,161)
========== ===========
Net income (loss) per common share $ 0.03 $ (0.95)
Net income (loss) per common share
assuming dilution $ 0.03 $ (0.95)
Weighted average number of common
shares outstanding
Basic 160,172 151,049
Diluted 168,653 151,049 |
