EXHIBIT 13.1
SELECTED CONSOLIDATED FINANCIAL DATA
SELECTED CONSOLIDATED FINANCIAL DATA - The following table sets forth selected
consolidated financial information of the company for the five years in the
period ended July 31, 1998. This selected financial information should be read
in conjunction with the company's Consolidated Financial Statements and related
Notes.
(in thousands, except per share data)
Years ended July 31,
1998 1997 1996 1995 1994
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Consolidated Statement of Operations Data:
Net revenues $ 91,484 $ 70,607 $ 28,485 $22,293 $19,388
Cost of revenues 78,831 42,152 17,909 13,014 11,329
Research and development expenses 19,709 25,058 6,971 -- --
In-process research and development expenses 19,135 1,312 2,691 -- --
Selling, general and administrative expenses 52,820 55,194 21,488 6,387 4,792
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Operating income (loss) (79,011) (53,109) (20,574) 2,892 3,267
Interest income (expense), net (870) 1,749 2,691 225 (96)
Gain on sale of data warehouse product rights 8,437 -- -- -- --
Gain on sale of Lycos, Inc. common stock 97,158 -- -- -- --
Gain on stock issuance by Lycos, Inc. 28,301 -- 19,575 -- --
Gain on sale of available-for-sale securities 4,174 -- 30,049 4,781 --
Gain on sale of investment in TeleT Communications -- 3,616 -- -- --
Gain on sale of NetCarta Corporation -- 15,111 -- -- --
Gain on dividend distribution of Lycos, Inc. common stock -- 8,413 -- -- --
Other income (expense), net (11,849) (769) (746) (292) --
Income tax benefit (expense) (29,787) 2,962 (16,673) (2,844) (1,211)
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Income (loss) from continuing operations 16,553 (22,027) 14,322 4,762 1,960
Gain (loss) from discontinued operations -- -- -- 23,453 (159)
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Net income (loss) $ 16,553 $(22,027) $ 14,322 $28,215 $ 1,801
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Diluted earnings (loss) per share:
Income (loss) from continuing operations $0.74 $(1.17) $0.74 $ 0.25 $ 0.13
Discontinued operations -- -- -- 1.25 (0.01)
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Net income (loss) $0.74 $(1.17) $0.74 $ 1.50 $ 0.12
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Weighted average shares outstanding - diluted 22,515 18,858 19,364 18,782 15,584
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Consolidated Balance Sheet Data:
Working capital $ 12,784 $ 38,554 $ 72,009 $47,729 $ 5,925
Total assets 237,460 148,354 109,503 80,486 12,740
Long-term obligations 5,801 16,769 555 508 165
Stockholders' equity 117,785 29,448 53,992 55,490 8,867