Exhibit 99 CDN GAAP COGNOS INCORPORATED CONSOLIDATED STATEMENTS OF INCOME (US$000s except share amounts, CDN GAAP) (Unaudited) Three months ended Six months ended August 31, August 31, - ----------------------------------------------------------------------------------------------------------------------------- 2000 1999 2000 1999 - ----------------------------------------------------------------------------------------------------------------------------- Revenue Product license $ 61,485 $44,487 $118,218 $ 83,358 Product support 35,692 28,247 68,975 55,766 Services 21,036 15,394 39,718 30,649 - ----------------------------------------------------------------------------------------------------------------------------- Total revenue 118,213 88,128 226,911 169,773 - ----------------------------------------------------------------------------------------------------------------------------- Operating expenses Cost of product license 1,713 1,001 3,442 2,055 Cost of product support 4,071 3,336 8,345 6,431 Selling, general, and administrative 77,601 56,263 151,896 109,741 Research and development 16,507 12,845 32,361 25,042 Investment tax credits (1,297) (1,163) (2,635) (2,330) - ----------------------------------------------------------------------------------------------------------------------------- Total operating expenses 98,595 72,282 193,409 140,939 - ----------------------------------------------------------------------------------------------------------------------------- Operating income 19,618 15,846 33,502 28,834 Interest expense (156) (201) (310) (333) Interest income 3,097 1,674 5,679 3,405 - ----------------------------------------------------------------------------------------------------------------------------- Income before taxes 22,559 17,319 38,871 31,906 Income tax provision 7,116 5,551 12,513 10,342 - ----------------------------------------------------------------------------------------------------------------------------- Net income $ 15,443 $11,768 $ 26,358 $ 21,564 ============================================================================================================================= Net income per share Basic $ 0.18 $ 0.14 $ 0.30 $ 0.25 ============================================================================================================================= Fully diluted $ 0.17 $ 0.14 $ 0.30 $ 0.25 ============================================================================================================================= Weighted average number of shares (000s) Basic 87,706 85,970 87,349 86,320 ============================================================================================================================= Fully diluted 93,235 91,888 90,960 90,922 ============================================================================================================================= 1 Exhibit 99 CDN GAAP COGNOS INCORPORATED CONSOLIDATED BALANCE SHEETS (US$000s, CDN GAAP) August 31, February 29, 2000 2000 - ------------------------------------------------------------------------------------------------------------- Assets (Unaudited) Current assets Cash and cash equivalents $175,536 $132,435 Short-term investments 47,716 64,284 Accounts receivable 107,032 107,823 Inventories 773 806 Prepaid expenses 10,211 7,840 - ------------------------------------------------------------------------------------------------------------- 341,268 313,188 Fixed assets 61,819 44,835 Intangible assets 34,683 40,158 - ------------------------------------------------------------------------------------------------------------- $437,770 $398,181 ============================================================================================================= Liabilities Current liabilities Accounts payable $ 22,117 $ 22,908 Accrued charges 21,564 17,540 Salaries, commissions, and related items 21,789 24,024 Income taxes payable 6,189 3,548 Current portion of long-term debt 2,091 2,176 Deferred revenue 74,769 76,537 - ------------------------------------------------------------------------------------------------------------- 148,519 146,733 Long-term liabilities 2,940 2,699 Deferred income taxes 20,319 21,730 - ------------------------------------------------------------------------------------------------------------- 171,778 171,162 - ------------------------------------------------------------------------------------------------------------- Stockholders' Equity Capital stock Common shares (August 31, 2000 - 87,923,232; February 29, 2000 - 86,657,578) 122,752 106,936 Retained earnings 150,699 126,316 Accumulated comprehensive items (7,459) (6,233) - ------------------------------------------------------------------------------------------------------------- 265,992 227,019 - ------------------------------------------------------------------------------------------------------------- $437,770 $398,181 ============================================================================================================= 2 Exhibit 99 CDN GAAP COGNOS INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (US$000s, CDN GAAP) (Unaudited) Six months ended August 31, - --------------------------------------------------------------------------------------------------------------------- 2000 1999 - --------------------------------------------------------------------------------------------------------------------- Cash provided by (used in) operating activities Net income $ 26,358 $ 21,564 Non-cash items Depreciation and amortization 14,725 12,322 Deferred income taxes (1,186) 435 Loss on disposal of fixed assets 213 55 - --------------------------------------------------------------------------------------------------------------------- 40,110 34,376 Change in non-cash working capital Increase in accounts receivable (1,814) (1,244) Decrease (increase) in inventory 19 (124) Increase in prepaid expenses (2,595) (1,625) Decrease in accounts payable (166) (3,127) Increase (decrease) in accrued charges 4,333 (117) Decrease in salaries, commissions, and related items (1,644) (5,569) Increase (decrease) in income taxes payable 2,689 (3,941) Increase (decrease) in deferred revenue (63) 1,571 - --------------------------------------------------------------------------------------------------------------------- 40,869 20,200 - --------------------------------------------------------------------------------------------------------------------- Cash provided by (used in) investing activities Additions to fixed assets (26,594) (11,848) Maturity of short-term investments 91,820 116,024 Purchase of short-term investments (75,599) (75,965) Acquisition costs (854) (2,562) - --------------------------------------------------------------------------------------------------------------------- (11,227) 25,649 - --------------------------------------------------------------------------------------------------------------------- Cash provided by (used in) financing activities Issue of common shares (net) 15,882 2,301 Repurchase of shares (2,041) (18,488) Repayment of long-term debt 223 (464) Long-term payments 163 90 - --------------------------------------------------------------------------------------------------------------------- 14,227 (16,561) - --------------------------------------------------------------------------------------------------------------------- Effect of exchange rate changes on cash (768) 687 - --------------------------------------------------------------------------------------------------------------------- Net increase in cash and cash equivalents 43,101 29,975 Cash and cash equivalents, beginning of period 132,435 93,617 Cash and cash equivalents, end of period 175,536 123,592 Short-term investments, end of period 47,716 16,147 - --------------------------------------------------------------------------------------------------------------------- Cash, cash equivalents, and short-term investments, end of period $223,252 $139,739 ===================================================================================================================== 3