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BEYOND.COM CORPORATION
CONDENSED UNAUDITED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
ASSETS
<TABLE>
<CAPTION>
JUNE 30, 2000
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ACTUAL PRO FORMA UNAUDITED
ADJUSTMENTS PRO FORMA
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<S> <C> <C> <C>
Current assets:
Cash, cash equivalents and short-term investments................. $ 42,599 $ -- $ 42,599
Accounts receivable, net ......................................... 20,970 -- 20,970
Prepaid partnership agreements ................................... 845 -- 845
Prepaid expenses and other current assets ........................ 2,318 -- 2,318
Cost of deferred revenue ......................................... 18,892 -- 18,892
--------- --------- ---------
Total current assets ............................................... 85,624 -- 85,624
Non-current assets:
Property and equipment, net ........................................ 13,101 -- 13,101
Deposits and other non-current assets .............................. 7,274 -- 7,274
Goodwill and other intangible assets, net .......................... 80,626 -- 80,626
--------- --------- ---------
Total assets ....................................................... $ 186,625 $ -- $ 186,625
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable ................................................. $ 30,656 $ -- $ 30,656
Accrued employee expenses ........................................ 3,443 -- 3,443
Other accrued liabilities ........................................ 5,010 -- 5,010
Current obligation under capital leases .......................... 28 -- 28
Deferred revenue ................................................. 20,113 -- 20,113
--------- --------- ---------
Total current liabilities .......................................... 59,250 -- 59,250
Non-current obligations under capital leases ....................... -- -- --
Convertible notes payable:
10 7/8 Convertible Subordinated Notes due 2003 ................... -- 17,167 (1) 17,167
7 1/4 Convertible Subordinated Notes due 2003 ................... 63,250 (62,343)(1) 907
Stockholders' equity:
Common stock ..................................................... 296,672 -- 296,672
Donated Capital .................................................. 1,038 -- 1,038
Deferred compensation ............................................ (427) -- (427)
Other comprehensive income ....................................... 44 -- 44
Accumulated deficit .............................................. (233,202) 45,176 (1) (188,026)
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Total stockholders' equity ......................................... 64,125 45,176 (1) 109,301
--------- --------- ---------
Total liabilities and stockholders' equity ......................... $ 186,625 $ -- $ 186,625
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(1) Adjustments relate to the exchange of 10 7/8% Convertible Subordinated Notes
due December 1, 2003 for 7 1/4% Convertible Subordinated Notes due December
1, 2003 resulting in an extraordinary gain of approximately $45,176,000
which is reflected in the decrease in accumulated deficit. The fair market
value of the 10 7/8% Convertible Subordinated Notes was derived using the
closing stock price of $1.1875 on September 11, 2000.
