Table of Contents 

ITEM 6.    Selected Consolidated Financial Data 

The following selected consolidated financial data should be read in conjunction with  Management's Discussion and Analysis of 

Financial Condition and Results of Operations,  our consolidated financial statements and notes thereto and other financial information 

included elsewhere in this report. The selected consolidated statements of operations data for the years ended December 31, 1997, 1998, 1999, 

2000 and 2001 are derived from our audited consolidated financial statements which have been audited by Deloitte & Touche LLP, 

independent auditors, as stated in their reports. The consolidated financial statements give retroactive effect to the acquisitions of Go2Net, Inc., 

Prio, Inc., and INEX Corp. which have been accounted for on a pooling of interests basis as described in Note 7 to our consolidated financial 

statements.  

Year Ended December 31, 

1997 

1998 

1999 

2000 

2001 

(In thousands, except per share data) 

Consolidated Statements of Operations Data: 

Revenues 

$  3,445   

$  18,490   

$  71,980   

$  214,530   

$ 161,921   

Cost of revenues 

865   

   4,919   

   13,472   

35,627   

   41,841   

Gross profit 

   2,580   

   13,571   

   58,508   

   178,903   

   120,080   

Operating expenses: 

Product development 

   5,358   

   9,005   

   15,580   

40,624   

   39,341   

Sales, general and administrative 

   8,860   

   23,893   

   77,777   

   131,081   

   118,333   

Amortization of intangibles 

64   

710   

   42,761   

   171,336   

   236,714   

Impairment of intangibles 

398   

8,952   

   107,729   

Acquisition and related charges 

137   

   4,486   

   13,574   

   123,998   

   (3,504 ) 

Other charges 

   4,500   

   11,360   

4,732   

   11,505   

Restructuring charges 

2,322   

   17,392   

Total operating expenses 

   14,419   

   42,992   

   161,052   

   483,045   

   527,510   

Loss from operations 

   (11,839 ) 

   (29,421 ) 

  (102,544 ) 

   (304,142 ) 

  (407,430 ) 

Loss on investments 

(588 ) 

  (108,158 ) 

Other income, net 

288   

946   

   22,342   

27,682   

   17,361   

Minority interest 

(3,171 ) 

(17 ) 

Income tax expense 

(67 ) 

(64 ) 

(137 ) 

(664 ) 

Cumulative effect of change in accounting principle(1) 

(2,056 ) 

   (3,171 ) 

Preferred stock dividend 

  (159,931 ) 

Net loss applicable to common stockholders 

$ (11,618 ) 

$ (28,539 ) 

$ (240,133 ) 

$  (282,412 ) 

$ (502,079 ) 

Basic and diluted net loss per share 

$  (0.10 ) 

$  (0.19 ) 

$ 

(0.93 ) 

$ 

(0.93 ) 

$ 

(1.58 ) 

Shares used in computing basic and diluted net loss per share 

  120,044   

  152,655   

   257,752   

   304,480   

   318,395   

December 31, 

1997 

1998 

1999 

2000 

2001 

(in thousands) 

Consolidated Balance Sheet Data: 

Cash, cash equivalents and short term investments 

$  23,032   

$ 123,152   

$ 414,661   

$  370,148   

$ 198,880   

Working capital 

   21,650   

  118,064   

   418,297   

   366,875   

   199,897   

Total assets 

   27,689   

  146,205   

   953,919   

  1,272,110   

   837,005   

Total stockholders' equity 

   23,882   

  130,702   

   909,020   

  1,168,572   

   782,588   

(1) 

See note 1 to our consolidated financial statements. 

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