LHS GROUP INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
JUNE 30, DECEMBER 31,
1999 1998
(UNAUDITED)
----------- -----------
ASSETS
Cash and cash equivalents $ 57,433 $ 46,794
Short-term investments 56,962 62,218
Trade accounts receivable, net of allowances
of $4,227 and $3,716 90,461 68,189
Inventory 5,637 4,007
Prepaid expenses and other current assets 6,911 4,244
----------- -----------
Total current assets 217,404 185,452
Property, plant & equipment, net 19,948 19,133
Deferred taxes 914 914
Other 7,871 4,825
----------- -----------
Total Assets $ 246,137 $ 210,324
=========== ===========
LIABILITIES
Accounts and notes payable 7,809 10,253
Accrued expenses and other liabilities 32,986 20,798
Income taxes payable 19,693 8,907
Deferred income taxes 4,127 4,127
Deferred revenues 14,965 7,712
----------- -----------
Total current liabilities 79,580 51,797
Long-term obligations 1,898 2,772
----------- -----------
Total Liabilities 81,478 54,569
STOCKHOLDERS' EQUITY Common stock ($.01 par value), 200,000 shares
authorized; 57,233 and 56,063 shares issued
and outstanding 571 567
Additional paid-in-capital 128,872 125,103
Retained earnings 44,578 30,194
Accumulated translation adjustments (9,362) (109)
----------- -----------
Total Stockholders' Equity 164,659 155,755
----------- -----------
Total Liabilities and Stockholders' Equity $ 246,137 $ 210,324
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
JUNE 30, DECEMBER 31,
1999 1998
(UNAUDITED)
----------- -----------
ASSETS
Cash and cash equivalents $ 57,433 $ 46,794
Short-term investments 56,962 62,218
Trade accounts receivable, net of allowances
of $4,227 and $3,716 90,461 68,189
Inventory 5,637 4,007
Prepaid expenses and other current assets 6,911 4,244
----------- -----------
Total current assets 217,404 185,452
Property, plant & equipment, net 19,948 19,133
Deferred taxes 914 914
Other 7,871 4,825
----------- -----------
Total Assets $ 246,137 $ 210,324
=========== ===========
LIABILITIES
Accounts and notes payable 7,809 10,253
Accrued expenses and other liabilities 32,986 20,798
Income taxes payable 19,693 8,907
Deferred income taxes 4,127 4,127
Deferred revenues 14,965 7,712
----------- -----------
Total current liabilities 79,580 51,797
Long-term obligations 1,898 2,772
----------- -----------
Total Liabilities 81,478 54,569
STOCKHOLDERS' EQUITY Common stock ($.01 par value), 200,000 shares
authorized; 57,233 and 56,063 shares issued
and outstanding 571 567
Additional paid-in-capital 128,872 125,103
Retained earnings 44,578 30,194
Accumulated translation adjustments (9,362) (109)
----------- -----------
Total Stockholders' Equity 164,659 155,755
----------- -----------
Total Liabilities and Stockholders' Equity $ 246,137 $ 210,324
