EX-99.2 3 f76243a1ex99-2.txt EXHIBIT 99.2 1 EXHIBIT 99.2 SELECTED CONSOLIDATED FINANCIAL DATA On October 30, 2000, Inktomi Corporation acquired FastForward Networks, Inc. in a transaction accounted for as a pooling of interests. The accompanying consolidated financial statements, attached as Exhibit 99.1 to this Current Report on Form 8-K, give retroactive effect to the acquisition of FastForward Networks, Inc. Generally accepted accounting principles proscribe giving effect to a consummated business combination accounted for by the pooling of interests method in financial statements after the date of consummation. The selected consolidated financial data set forth below should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and the Consolidated Financial Statements of Inktomi Corporation and the notes thereto included elsewhere in this report. The historical results are not necessarily indicative of results to be expected for any future period. CONSOLIDATED STATEMENTS OF OPERATIONS DATA: (IN THOUSANDS, EXCEPT PER SHARE DATA)

SELECTED FINANCIAL DATA FOR THE YEAR ENDED SEPTEMBER 30 --------------------------------------------------------------------- 2000 1999 1998 1997 1996 --------- --------- --------- --------- --------- Revenue Network products ............................. $ 152,850 $ 43,242 $ 8,859 $ 128 $ -- Portal services .............................. 71,367 30,261 12,476 5,725 530 --------- --------- --------- --------- --------- Total revenues ............................. 224,217 73,503 21,335 5,853 530 Operating expenses Cost of revenue .............................. 31,884 13,147 5,030 1,527 239 Sales and marketing .......................... 129,485 56,782 24,692 8,604 898 Research and development ..................... 63,566 31,168 15,851 5,956 1,482 General and administrative ................... 19,121 8,915 5,172 1,995 1,342 Acquisition-related costs .................... 3,999 1,110 1,018 -- -- Purchased in-process research and development ................................ 4,400 -- -- -- -- Amortization of intangibles and other assets ..................................... 13,182 -- -- -- -- --------- --------- --------- --------- --------- Total operating expenses ................... 265,637 111,122 51,763 18,082 3,961 --------- --------- --------- --------- --------- Operating loss .................................. (41,420) (37,619) (30,428) (12,229) (3,431) Other income, net ............................... 15,906 4,591 513 (180) (104) Pretax loss ..................................... (25,514) (33,028) (29,915) (12,409) (3,535) Income tax provision ............................ (1,826) -- -- -- -- --------- --------- --------- --------- --------- Net loss ................................... $ (27,340) $ (33,028) $ (29,915) $ (12,409) $ (3,535) ========= ========= ========= ========= ========= Earnings per share .............................. $ (0.24) $ (0.32) $ (0.38) $ (0.45) $ (0.94) ========= ========= ========= ========= ========= Shares used in calculating basic & diluted net loss per share ............................. 113,030 102,033 79,252 27,609 3,768 ========= ========= ========= ========= =========

2 CONSOLIDATED BALANCE SHEET DATA: (IN THOUSANDS)

SEPTEMBER 30, ------------------------------------------------------------ 2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- Cash and cash equivalents, restricted cash and short-term investments ....... $387,127 $304,214 $ 54,711 $ 7,921 $ 416 Investments in equity securities ......... 126,598 8,180 -- -- -- Working capital .......................... 284,944 298,764 40,949 3,428 (3,599) Total assets ............................. 919,256 385,337 78,946 16,606 2,521 Debt and capital lease obligations, less current portion ....................... 3,748 8,293 9,074 5,094 -- Total stockholders' equity ............... 803,062 343,867 50,184 5,700 (1,659)

----------- In September 1998, we acquired C2B Technologies, Inc. In April 1999, we acquired Impulse! Buy Network, Inc. In October 1999, we acquired WebSpective Software, Inc. In October 2000, we acquired FastForward Networks, Inc. Each of these transactions was accounted for as a pooling of interests. The selected consolidated financial data set forth above gives retroactive effect to all of these acquisitions. -2-