Interleaf, Inc. Exhibit 99 Consolidated Balance Sheets (In thousands) PROFORMA JUNE 30, 1997 ADJUSTMENTS JUNE 30, 1997 ------------- ----------- ------------- (UNAUDITED) (UNAUDITED) ASSETS Current Assets Cash and cash equivalents......................................... $ 18,031 $ 6,962 $ 24,993 Accounts receivable, net of reserve for doubtful accounts......... 7,922 7,922 of $1,377 at June 30, 1997....................................... 0 Prepaid expenses and other current assets......................... 1,532 1,532 ------------- ----------- ------------- Total Current Assets.............................................. 27,485 6,962 34,447 Property and equipment, net....................................... 4,423 4,423 Intangible assets................................................. 1,946 1,946 Other assets...................................................... 444 444 ------------- ----------- ------------- Total Assets...................................................... 34,298 6,962 41,260 ------------- ----------- ------------- ------------- ----------- ------------- LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current Liabilities Accounts payable.................................................. 2,544 50 2,594 Accrued expenses.................................................. 11,845 11,845 Unearned revenue.................................................. 13,819 13,819 Accrued restructuring............................................. 3,598 3,598 ------------- ----------- ------------- Total Current Liabilities......................................... 31,806 50 31,856 Long-term restructuring........................................... 2,744 2,744 ------------- ----------- ------------- Total Liabilities................................................. 34,550 50 34,600 ------------- ----------- ------------- ------------- ----------- ------------- Shareholders' Equity (Deficit) Preferred stock, par value $.10 per authorized 5,000,000 shares: Series A Junior Participating, none issued and outstanding Senior Series B convertible, issued and outstanding, 861,911 at June 30, 1997................................................... 86 86 Senior Series C convertible, issued and outstanding, 1,006,480 at June 30, 1997................................................... 101 -- 101 Series D Convertible, issued and outstanding, 7,625 (proforma) -- 1 1 Common stock, par value $.01 per share, authorized 30,000,000 shares, issued and outstanding, 17,709,719 at June 30, 1997..... 177 177 Additional paid-in capital........................................ 85,747 6,911 92,658 Retained earnings(deficit)........................................ (86,122) (86,122) Cumulative translation adjustment................................. (241) (241) 0 ------------- ----------- ------------- Total Shareholders' Equity (Deficit).............................. (252) 6,912 6,660 ------------- ----------- ------------- Total Liabilities and Shareholders' Equity (Deficit).............. $ 34,298 $ 6,962 $ 41,260 ------------- ----------- ------------- ------------- ----------- -------------