EX-99.2 5 f75227ex99-2.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)

FOR THE YEAR ENDED SEPTEMBER 30, ----------------------------------------- 2000 1999 1998 --------- --------- --------- Revenues: Network products ...................................................... $ 152,850 $ 43,242 $ 8,859 Portal services ....................................................... 71,367 30,261 12,476 --------- --------- --------- Total revenues ...................................................... 224,217 73,503 21,335 Operating expenses: Cost of revenues ...................................................... 31,884 13,147 5,030 Sales and marketing ................................................... 129,485 56,782 24,692 Research and development .............................................. 63,566 31,168 15,851 General and administrative ............................................ 19,121 8,915 5,172 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 --------- --------- --------- Operating loss ........................................................... (41,420) (37,619) (30,428) Other income, net ........................................................ 15,906 4,591 513 --------- --------- --------- Pretax loss .............................................................. (25,514) (33,028) (29,915) Income tax provision ..................................................... (1,826) -- -- --------- --------- --------- Net loss .............................................................. $ (27,340) $ (33,028) $ (29,915) ========= ========= ========= Earnings per share: Basic and diluted net loss per share .................................. $ (0.24) $ (0.32) $ (0.38) ========= ========= ========= Weighted average shares outstanding Shares used in calculating basic and diluted net loss per share ....... 113,030 102,033 79,252 ========= ========= ========= Cash and cash equivalents, restricted cash and short-term investments .... $ 338,127 $ 304,214 $ 54,711 Investments in equity securities ......................................... 126,598 8,180 -- Working capital .......................................................... 284,944 298,764 40,949 Total assets ............................................................. 919,256 385,337 78,946 Debt and capital lease obligations, less current portion ................. 3,748 8,293 9,074 Total stockholders' equity ............................................... 803,062 343,867 50,184