Table of Contents 
  
INFOSPACE, INC. 
  
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS 
(Amounts in thousands, except per share data) 
  
Years Ended December 31, 
  
   
  
2001 
2000 
1999 
  
   
     
     
  
Revenues (including related party revenues of $31,372, $32,095, and $2,921) 
   
$  161,921   
   
$  214,530   
   
$  71,980   
Cost of revenues 
   
  
41,841   
   
  
35,627   
   
  
13,472   
  
   
   
   
Gross profit 
   
  
120,080   
   
  
178,903   
   
  
58,508   
Operating expenses: 
   
     
     
     
     
     
  
Product development 
   
  
39,341   
   
  
40,624   
   
  
15,580   
Sales, general and administrative 
   
  
118,333   
   
  
131,081   
   
  
77,777   
Amortization of intangibles 
   
  
236,714   
   
  
171,336   
   
  
42,761   
Impairment of intangibles 
   
  
107,729   
   
  
8,952   
   
  
      
Acquisition and related charges 
   
  
(3,504 ) 
   
  
123,998   
   
  
13,574   
Other charges 
   
  
11,505   
   
  
4,732   
   
  
11,360   
Restructuring charges 
   
  
17,392   
   
  
2,322   
   
  
      
  
   
   
   
Total operating expenses 
   
  
527,510   
   
  
483,045   
   
  
161,052   
  
   
   
   
Loss from operations 
   
  
(407,430 ) 
   
  
(304,142 ) 
   
  
(102,544 ) 
Loss on investments, net 
   
  
(108,158 ) 
   
  
(588 ) 
   
  
      
Other income, net 
   
  
17,361   
   
  
27,682   
   
  
22,342   
  
   
   
   
Loss from operations before income tax expense, minority interest, cumulative effect of a 
change in accounting principle and preferred stock dividend 
   
  
(498,227 ) 
   
  
(277,048 ) 
   
  
(80,202 ) 
Minority interest 
   
  
(17 ) 
   
  
(3,171 ) 
   
  
      
Income tax expense 
   
  
(664 ) 
   
  
(137 ) 
   
  
      
  
   
   
   
Loss from operations before cumulative effect of change in accounting principle and preferred 
stock dividend 
   
  
(498,908 ) 
   
  
(280,356 ) 
   
  
(80,202 ) 
Cumulative effect of changes in accounting principle 
   
  
(3,171 ) 
   
  
(2,056 ) 
   
  
      
  
   
   
   
Net loss 
   
  
(502,079 ) 
   
  
(282,412 ) 
   
  
(80,202 ) 
Preferred stock dividend 
   
  
      
   
  
      
   
  
(159,931 ) 
  
   
   
   
Net loss applicable to common stockholders 
   
$  (502,079 ) 
   
$  (282,412 ) 
   
$  (240,133 ) 
  
   
   
   
Basic and diluted net loss per share 
   
     
     
     
     
     
  
Loss per share before accounting changes 
   
$ 
(1.57 ) 
   
$ 
(0.92 ) 
   
$ 
(0.93 ) 
Accounting changes 
   
  
(0.01 ) 
   
  
(0.01 ) 
   
  
      
  
   
   
   
Loss per share 
   
$ 
(1.58 ) 
   
$ 
(0.93 ) 
   
$ 
(0.93 ) 
  
   
   
   
Shares used in computing basic and diluted net loss per share 
   
  
318,395   
   
  
304,480   
   
  
257,752   
  
   
   
   
Other comprehensive loss: 
   
     
     
     
     
     
  
Net loss applicable to common stockholders 
   
$  (502,079 ) 
   
$  (282,412 ) 
   
$  (240,133 ) 
Foreign currency translation adjustment 
   
  
(2,116 ) 
   
  
(316 ) 
   
  
36   
Unrealized gain (loss) on equity investments 
   
  
17,469   
   
  
(95,279 ) 
   
  
79,570   
  
   
   
   
Comprehensive loss 
   
$  (486,726 ) 
   
$  (378,007 ) 
   
$  (160,527 ) 
  
   
   
   
  
See notes to consolidated financial statements.  
56  
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