Table of Contents 
  
Quarterly Results of Operations (Unaudited) 
  
The following table presents a summary of our unaudited consolidated results of operations for the eight quarters ended December 31, 
2001. The information for each of these quarters has been prepared on a basis consistent with our audited consolidated financial statements. 
You should read this information in conjunction with our consolidated financial statements and notes thereto included elsewhere in this Annual 
Report on Form 10 K. The operating results for any quarter are not necessarily indicative of results for any future period.  
  
The consolidated financial statements for 2000 give retroactive effect to the acquisitions of Go2Net, Inc., and Prio, Inc., which have been 
accounted for on a pooling of interests basis as described in Note 7 to our consolidated financial statements.  
  
  
March 31, 
June 30, 
September 30, 
December 31, 
March 31, 
June 30, 
September 30, 
December 31, 
  
2000 
2000 
2000 
2000 
2001 
2001 
2001 
2001 
  
     
      
      
     
     
      
      
  
  
  
(in thousands except per share data) 
  
Revenues 
  
$  38,778   
  
$  50,486   
    $ 
59,804   
    $ 
65,462   
  
$  46,565   
  
$  50,942   
    $ 
33,051   
    $ 
31,363   
Cost of Revenues 
  
  
6,134   
  
   8,109   
      
10,293   
      
11,091   
  
  
11,721   
  
   10,614   
      
9,460   
      
10,046   
  
  
  
   
   
  
  
   
   
Gross Profit 
  
  
32,644   
  
   42,377   
      
49,511   
      
54,371   
  
  
34,844   
  
   40,328   
      
23,591   
      
21,317   
Operating expenses: 
  
    
     
    
            
            
     
    
     
    
            
            
  
Product development 
  
  
6,951   
  
   9,507   
      
10,155   
      
14,011   
  
  
11,787   
  
   10,569   
      
9,051   
      
7,934   
Sales, general and 
administrative 
  
  
25,871   
  
   30,827   
      
34,819   
      
39,564   
  
  
36,127   
  
   31,651   
      
27,694   
      
22,861   
Amortization and impairment 
of intangibles 
  
  
28,010   
  
   40,636   
      
47,434   
      
64,208   
  
  
63,897   
  
   59,107   
      
157,140   
      
64,299   
Acquisition and related charges   
  
86,397   
  
  
202   
      
7,609   
      
29,790   
  
  
889   
  
  
111   
      
(4,504 ) 
      
      
Other charges 
  
  
      
  
  
      
      
      
      
4,732   
  
  
(50 ) 
  
  
217   
      
1,660   
      
9,678   
Restructuring charges 
  
  
      
  
   2,171   
      
      
      
151   
  
  
1,717   
  
  
(62 ) 
      
13,755   
      
1,982   
  
  
  
   
   
  
  
   
   
Total operating expenses 
  
  
147,229   
  
   83,343   
      
100,017   
      
152,456   
  
  
114,367   
  
  101,593   
      
204,796   
      
106,754   
  
  
  
   
   
  
  
   
   
Loss from operations 
  
  
(114,585 ) 
  
   (40,966 ) 
      
(50,506 ) 
      
(98,085 ) 
  
  
(79,523 ) 
  
   (61,265 ) 
      
(181,205 ) 
      
(85,437 ) 
Gain (loss) on investments 
  
  
23,597   
  
   (8,447 ) 
      
(6,677 ) 
      
(9,061 ) 
  
  
(47,599 ) 
  
   (14,099 ) 
      
(26,753 ) 
      
(19,707 ) 
Other income, net 
  
  
7,584   
  
   7,123   
      
7,124   
      
5,851   
  
  
5,983   
  
   4,580   
      
3,764   
      
3,035   
Minority interest 
  
  
(9,842 ) 
  
   3,445   
      
2,154   
      
1,072   
  
  
(17 ) 
  
  
      
      
      
      
      
Income tax expense 
  
  
(18 ) 
  
  
(6 ) 
      
(62 ) 
      
(51 ) 
  
  
(50 ) 
  
  
(137 ) 
      
(557 ) 
      
80   
Cumulative effect of change in 
accounting principle 
  
  
(2,056 ) 
  
  
      
      
      
      
      
  
  
(3,171 ) 
  
  
      
      
      
      
      
  
  
  
   
   
  
  
   
   
Net loss 
  
$  (95,320 ) 
  
$ (38,851 ) 
    $ 
(47,967 ) 
    $ 
(100,274 ) 
  
$ (124,377 ) 
  
$ (70,921 ) 
    $ 
(204,751 ) 
    $ 
(102,029 ) 
  
  
  
   
   
  
  
   
   
Basic and diluted net loss per 
share 
  
$ 
(0.33 ) 
  
$  (0.13 ) 
    $ 
(0.16 ) 
    $ 
(0.32 ) 
  
$ 
(0.38 ) 
  
$  (0.22 ) 
    $ 
(0.64 ) 
    $ 
(0.33 ) 
  
  
  
   
   
  
  
   
   
Shares used in computing basic 
and diluted net loss per share 
  
  
289,461   
  
  303,992   
      
308,996   
      
315,301   
  
  
323,299   
  
  325,027   
      
320,721   
      
304,713   
  
  
  
   
   
  
  
   
   
March 31, 
June 30, 
September 30, 
December 31, 
March 31, 
June 30, 
September 30, 
December 31, 
  
2000 
2000 
2000 
2000 
2001 
2001 
2001 
2001 
  
     
      
      
     
     
      
      
  
Revenues. 
  
  
100.0 % 
  
   100.0 % 
      
100.0 % 
      
100.0 % 
  
  
100.0 % 
  
   100.0 % 
      
100.0 %       
100.0 % 
Cost of Revenues 
  
  
15.8   
  
  
16.1   
      
17.2   
      
16.9   
  
  
25.2   
  
  
20.8   
      
28.6   
      
32.0   
  
  
  
   
   
  
  
   
   
Gross Profit 
  
  
84.2   
  
  
83.9   
      
82.8   
      
83.1   
  
  
74.8   
  
  
79.2   
      
71.4   
      
68.0   
Operating expenses: 
  
    
     
    
            
            
     
    
     
    
            
            
  
Product Development 
  
  
17.9   
  
  
18.8   
      
17.0   
      
21.4   
  
  
25.3   
  
  
20.7   
      
27.4   
      
25.3   
Sales, general and 
administrative 
  
  
66.7   
  
  
61.1   
      
58.2   
      
60.4   
  
  
77.6   
  
  
62.1   
      
83.8   
      
72.9   
Amortization and impairment 
of intangibles 
  
  
72.2   
  
  
80.5   
      
79.3   
      
98.1   
  
  
137.2   
  
   116.0   
      
475.4   
      
205.0   
Acquisition and related charges   
  
222.8   
  
  
0.4   
      
12.7   
      
45.5   
  
  
1.9   
  
  
0.2   
      
(13.6 ) 
      
      
Other charges 
  
  
      
  
  
      
      
      
      
7.2   
  
  
(0.1 ) 
  
  
0.4   
      
5.0   
      
30.9   
Restructuring charges 
  
  
      
  
  
4.3   
      
      
      
0.2   
  
  
3.7   
  
  
(0.1 ) 
      
41.6   
      
6.3   
  
  
  
   
   
  
  
   
   
Total operating expenses 
  
  
379.7   
  
   165.1   
      
167.2   
      
232.9   
  
  
245.6   
  
   199.4   
      
619.6   
      
340.4   
  
  
  
   
   
  
  
   
   
Loss from operations 
  
  
(295.5 ) 
  
  
(81.1 ) 
      
(84.5 ) 
      
(149.8 ) 
  
  
(170.8 ) 
  
   (120.3 ) 
      
(548.3 ) 
      
(272.4 ) 
Gain (loss) on investments 
  
  
60.9   
  
  
(16.7 ) 
      
(11.2 ) 
      
(13.8 ) 
  
  
(102.2 ) 
  
  
(27.7 ) 
      
(80.9 ) 
      
(62.8 ) 
Other income, net 
  
  
19.6   
  
  
14.1   
      
11.9   
      
8.9   
  
  
12.8   
  
  
9.0   
      
11.4   
      
9.7   
Minority interest 
  
  
(25.4 ) 
  
  
6.8   
      
3.6   
      
1.6   
  
  
0.0   
  
  
      
      
      
      
      
Income tax expense 
  
  
0.0   
  
  
0.0   
      
(0.1 ) 
      
(0.1 ) 
  
  
(0.1 ) 
  
  
(0.3 ) 
      
(1.7 ) 
      
0.3   
Cumulative effect of change in 
accounting principle 
  
  
(5.3 ) 
  
  
        
      
      
      
      
  
  
(6.8 ) 
  
  
      
      
      
      
      
Net loss 
  
  
(245.8 )%   
  
(77.0 )%       
(80.2 )%       
(153.2 )%   
  
(267.1 )%   
   (139.2 )%       
619.5 %       
(325.3 %) 
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