Table of Contents 
INFOSPACE, INC. 
  
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 
  
Years Ended December 31, 2001, 2000 and 1999 
fees and/or integration fees when the service was completed. If this revenue were recognized on a straight lined basis over the term of the 
related service agreements, in accordance with SAB No. 101, the Company would have deferred revenue of $2.1 million as of January 1, 2000 
originally recorded in prior years. In accordance with SAB No. 101, the Company recorded a cumulative effect of change in accounting 
principle of $2.1 million. The Company recognized $100,000 and $2.0 million in revenue in the year ended December 31, 2001 and the year 
ended December 31, 2000, respectively, related to this deferred revenue.  
  
Pro forma amounts assuming SAB No. 101 is applied retroactively (amounts in thousands, except per share data):  
  
Year ended December 31, 
  
   
  
2000 
1999 
  
   
      
  
Net loss applicable to common stockholders 
   
($ 
280,356 ) 
   
($ 
242,187 ) 
Net loss per share 
   
($ 
0.92 ) 
   
($ 
0.94 ) 
  
Net loss per share:     
Basic earnings per share is computed using the weighted average number of common shares outstanding during the 
period. Diluted earnings per share is computed using the weighted average number of common and potentially dilutive shares outstanding 
during the period. Potentially dilutive shares consist of the incremental common shares issuable upon conversion of the exercise of stock 
options and warrants (using the treasury stock method). Potentially dilutive shares are excluded from the computation if their effect is 
antidilutive. The Company had a net loss for all periods presented herein; therefore, none of the options and warrants outstanding during each 
of the periods presented, as discussed in Note 6, were included in the computation of diluted loss per share as they were antidilutive. Options, 
restricted stock and warrants to purchase a total of 83,216,998, 86,288,915 and 71,497,417 shares of common stock were excluded from the 
calculations of diluted loss per share for the years ended December 31, 2001, 2000 and 1999, respectively.  
  
Foreign currencies 
:    Assets and liabilities denominated in foreign currencies are translated at the exchange rate on the balance sheet 
date. Translation adjustments resulting from this process are charged or credited to other comprehensive income. Revenue and expenses are 
translated at average rates of exchange prevailing during the period. Realized gains and losses on foreign currency transactions are included in 
Other income, net.  
  
Concentration of credit risk 
:    Financial instruments that potentially subject the Company to concentrations of credit risk consist 
primarily of cash equivalents, short term and long term investments and trade receivables. These instruments are generally unsecured and 
uninsured. The Company places its cash equivalents and investments with major financial institutions. The Company operates in one business 
segment and sells consumer and commerce services to various companies across several industries. Accounts receivable are typically 
unsecured and are derived from revenues earned from customers primarily located in the United States operating in a wide variety of industries 
and geographic areas. The Company performs ongoing credit evaluations of its customers and maintains allowances for potential credit losses. 
For the years ended December 31, 2001 and 2000, no one customer accounted for more than 10% of revenues. For the year ended December 
31, 1999, one customer accounted for approximately 11% of revenues. At December 31, 2001, one customer accounted for 18% of accounts 
receivable and another customer accounted for approximately 12% of accounts receivable. At December 31, 2000, one customer accounted for 
approximately 18% of accounts receivable and another customer accounted for approximately 15% of accounts receivable. Both of these 
balances were collected subsequent to December 31, 2000. At December 31, 1999, no one customer accounted for more than 10% of accounts 
receivable.  
  
Fair value of financial instruments 
:    Financial instruments consist primarily of cash and cash equivalents, investments, trade and notes 
receivables, prepaid expenses and other assets, accounts payable, accrued expenses  
64  
<





New Page 1








Home : About Us : Network : Services : Support : FAQ : Control Panel : Order Online : Sitemap : Contact : Terms Of Service

 

Our web partners:  Jsp Web Hosting  Unlimited Web Hosting  Cheapest Web Hosting  Java Web Hosting  Web Templates  Best Web Templates  Web Design Templates  Interland Web Hosting  Cheap Web Hosting  Filemaker Web Hosting  Tomcat Web Hosting  Quality Web Hosting  Best Web Hosting  Mac Web Hosting

 
 

Virtualwebstudio. Business web hosting division of Vision Web Hosting Inc. All rights reserved

Interland Web Hosting