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 |