Consolidated Statements of Operations. 3 Consolidated Statements of Stockholders' Equity (Deficit).................. 4
Consolidated Statements of Operations. ... 47 Consolidated Statements of Comprehensive Income............. 48 Consolidated Balance Sheets................................. 49 Consolidated Statements of Stockholders' Equity............. 50 Consolidated Statements of Cash Flows....................... 51 Notes to Consolidated Financial Statements.................. 52-91 Selected Quarterly Financial Data (unaudited)............... 92-93 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Directors and Stockholders of Xxxxxx Xxxxxx, Inc. In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial position of Xxxxxx Xxxxxx, Inc. (formerly K N Energy, Inc.) and its subsidiaries at December 31, 2001 and 2000, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2001 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule appearing under Item 14(a)(2) on page 95 presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedule are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements and financial statement schedule based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. As discussed in Note 15 to the financial statements, the Company changed its method of accounting for derivative instruments and hedging activities effective January 1, 2001. /s/ PRICEWATERHOUSECOOPERS LLP Houston, Texas February 15, 2002 CONSOLIDATED STATEMENTS OF OPERATIONS XXXXXX XXXXXX, INC. AND SUBSIDIARIES
Consolidated Statements of Operations. Years Ended June 30, 1998, 1997 and 1996....................... 31 Consolidated Statements of Cash Flows -- Years Ended June 30, 1998, 1997 and 1996....................... 32
Consolidated Statements of Operations. (In thousands, except per share data) (Unaudited) The accompanying notes are an integral part of these Unaudited Consolidated Financial Statements. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue $ 1,020 $ 1,410 $ 2,004 $ 2,468 Cost of revenue 412 699 864 1,390 Gross profit 608 711 1,140 1,078 Operating expenses: Sales and marketing 295 390 703 845 Product development and technical operations 631 1,217 1,333 2,417 General and administrative 477 999 807 1,641 Restructuring charge 217 7 293 16 Total operating expenses 1,620 2,613 3,136 4,919 Loss from operations (1,012 ) (1,902 ) (1,996 ) (3,841 ) Non-operating income (expense), net Interest income — 27 — 74 Interest expense (1 ) (4 ) (1 ) (7 ) Other income (expense), net 20 18 16 17 Loss from operations before income taxes (993 ) (1,861 ) (1,981 ) (3,757 ) Income tax expense — — — — Net loss $ (993 ) $ (1,861 ) $ (1,981 ) $ (3,757 ) Net loss per share - Basic and Diluted $ (0.17 ) $ (0.32 ) $ (0.35 ) $ (0.65 ) Weighted average shares outstanding used in computing basic and diluted net loss per share 5,722 5,732 5,709 5,747 LOOKSMART, LTD. CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (In thousands) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net loss $ (993 ) $ (1,861 ) $ (1,981 ) $ (3,757 ) Other comprehensive income (loss): Foreign currency translation adjustments (59 ) 90 78 — Unrealized loss on investments — (29 ) — (32 ) Change in accumulated other comprehensive loss (59 ) 61 78 (32 ) Comprehensive loss $ (1,052 ) $ (1,800 ) $ (1,903 ) $ (3,789 ) The accompanying notes are an integral part of these Unaudited Consolidated Financial Statements. LOOKSMART, LTD.
Consolidated Statements of Operations. 24 Consolidated Statements of Comprehensive Income (Loss)...... 25
Consolidated Statements of Operations for Years Ended June 30, 1996, 1995, and 1994......................................................... 24
Consolidated Statements of Operations. 35 Consolidated Statements of Stockholders' Equity............. 36
Consolidated Statements of Operations. The redemption was financed with proceeds from the issuance of the 2023 Notes.
Consolidated Statements of Operations. December 31 1999 1998 1997 ----------------------------------------- (In Thousands, except per share data) Revenue $ 22,138 $ 6,953 $ 43 Cost of revenue 22,006 8,765 83 ---------------------------------------- Gross margin (loss) 132 (1,812) (40) Expenses: Selling, general and administrative 53,667 27,873 12,788 Depreciation and amortization 3,060 1,455 235 ---------------------------------------- Loss from operations (56,595) (31,140) (13,063)
Consolidated Statements of Operations. (In thousands of U.S. dollars, except per share data) NINE MONTHS ENDED THREE MONTHS ENDED YEAR ENDED SEPTEMBER 30, SEPTEMBER 30, DECEMBER 31, 2003 2002 2003 2002 2002 ----------- ----------- ----------- ----------- ------------ (UNAUDITED) (UNAUDITED) (AUDITED) ------------------------- -------------------------- ------------ Revenues $ 635,223 $ 589,143 $ 214,275 $ 210,155 $ 827,456 Cost of revenues (464,882) (424,415) (158,078) (150,738) (595,512) Chief Scientist ("OCS") - (9,801) - - (9,801) ----------- ----------- ----------- ----------- ------------ Gross profit 170,341 154,927 56,197 59,417 222,143 ----------- ----------- ----------- ----------- ------------ Research and development costs, net 43,006 39,710 14,518 14,785 57,010 Marketing and selling expenses 50,696 47,289 15,573 17,346 65,691 General and administrative expenses 33,924 30,741 11,035 10,760 41,651 ----------- ----------- ----------- ----------- ------------ 127,626 117,740 41,126 42,891 164,352 ----------- ----------- ----------- ----------- ------------ Operating income 42,715 37,187 15,071 16,526 57,791 Financial expenses, net (3,467) (690) (161) (595) (3,035) Other income (expenses), net 332 (524) 241 (115) (462) ----------- ----------- ----------- ----------- ------------ Income before taxes on income 39,580 35,973 15,151 15,816 54,294 Taxes on income 10,502 6,810 3,900 1,565 9,348 ----------- ----------- ----------- ----------- ------------ 29,078 29,163 11,251 14,251 44,946 Equity in net earnings of affiliated companies and partnership 3,938 2,554 989 1,114 675 Minority interest 456 269 (234) 139 (508) ----------- ----------- ----------- ----------- ------------ Net income $ 33,472 $ 31,986 $ 12,006 $ 15,504 $ 45,113 =========== =========== =========== =========== ============ Earnings per share Basic earnings per share $ 0.86 $ 0.83 $ 0.31 $ 0.40 $ 1.17 =========== =========== =========== =========== ============ Weighted average number of shares used in computation (in thousands) 38,994 38,459 39,168 38,515 38,489 =========== =========== =========== =========== ============ Diluted earnings per share $ 0.83 $ 0.80 $ 0.30 $ 0.39 $ 1.13 =========== =========== =========== =========== ============ Weighted average number of shares used in computation (in thousands) 40,198 39,896 40,406 39,772 39,863 =========== =========== =========== =========== ============ THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONSOLIDATED FINANCIAL STATEMENTS. ELBIT SYSTEMS LTD. AND ITS SUBSIDIAR...
