<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED STATEMENTS OF INCOME
(US$000s except share amounts, CDN GAAP)
(Unaudited)
<TABLE>
<CAPTION>
Three months ended Six months ended
August 31, August 31,
-----------------------------------------------------------------------------------------------------------------------------
2000 1999 2000 1999
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Revenue
Product license $ 61,485 $44,487 $118,218 $ 83,358
Product support 35,692 28,247 68,975 55,766
Services 21,036 15,394 39,718 30,649
-----------------------------------------------------------------------------------------------------------------------------
Total revenue 118,213 88,128 226,911 169,773
-----------------------------------------------------------------------------------------------------------------------------
Operating expenses
Cost of product license 1,713 1,001 3,442 2,055
Cost of product support 4,071 3,336 8,345 6,431
Selling, general, and administrative 77,601 56,263 151,896 109,741
Research and development 16,507 12,845 32,361 25,042
Investment tax credits (1,297) (1,163) (2,635) (2,330)
-----------------------------------------------------------------------------------------------------------------------------
Total operating expenses 98,595 72,282 193,409 140,939
-----------------------------------------------------------------------------------------------------------------------------
Operating income 19,618 15,846 33,502 28,834
Interest expense (156) (201) (310) (333)
Interest income 3,097 1,674 5,679 3,405
-----------------------------------------------------------------------------------------------------------------------------
Income before taxes 22,559 17,319 38,871 31,906
Income tax provision 7,116 5,551 12,513 10,342
-----------------------------------------------------------------------------------------------------------------------------
Net income $ 15,443 $11,768 $ 26,358 $ 21,564
=============================================================================================================================
Net income per share
Basic $ 0.18 $ 0.14 $ 0.30 $ 0.25
=============================================================================================================================
Fully diluted $ 0.17 $ 0.14 $ 0.30 $ 0.25
=============================================================================================================================
Weighted average number of shares (000s)
Basic 87,706 85,970 87,349 86,320
=============================================================================================================================
Fully diluted 93,235 91,888 90,960 90,922
=============================================================================================================================
</TABLE>
1
<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(US$000s, CDN GAAP)
<TABLE>
<CAPTION>
August 31, February 29,
2000 2000
-------------------------------------------------------------------------------------------------------------
Assets (Unaudited)
<S> <C> <C>
Current assets
Cash and cash equivalents $175,536 $132,435
Short-term investments 47,716 64,284
Accounts receivable 107,032 107,823
Inventories 773 806
Prepaid expenses 10,211 7,840
-------------------------------------------------------------------------------------------------------------
341,268 313,188
Fixed assets 61,819 44,835
Intangible assets 34,683 40,158
-------------------------------------------------------------------------------------------------------------
$437,770 $398,181
=============================================================================================================
Liabilities
Current liabilities
Accounts payable $ 22,117 $ 22,908
Accrued charges 21,564 17,540
Salaries, commissions, and related items 21,789 24,024
Income taxes payable 6,189 3,548
Current portion of long-term debt 2,091 2,176
Deferred revenue 74,769 76,537
-------------------------------------------------------------------------------------------------------------
148,519 146,733
Long-term liabilities 2,940 2,699
Deferred income taxes 20,319 21,730
-------------------------------------------------------------------------------------------------------------
171,778 171,162
-------------------------------------------------------------------------------------------------------------
Stockholders' Equity
Capital stock
Common shares (August 31, 2000 - 87,923,232;
February 29, 2000 - 86,657,578) 122,752 106,936
Retained earnings 150,699 126,316
Accumulated comprehensive items (7,459) (6,233)
-------------------------------------------------------------------------------------------------------------
265,992 227,019
-------------------------------------------------------------------------------------------------------------
$437,770 $398,181
=============================================================================================================
</TABLE>
2
<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(US$000s, CDN GAAP)
(Unaudited)
<TABLE>
<CAPTION>
Six months ended
August 31,
---------------------------------------------------------------------------------------------------------------------
2000 1999
---------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Cash provided by (used in) operating activities
Net income $ 26,358 $ 21,564
Non-cash items
Depreciation and amortization 14,725 12,322
Deferred income taxes (1,186) 435
Loss on disposal of fixed assets 213 55
---------------------------------------------------------------------------------------------------------------------
40,110 34,376
Change in non-cash working capital
Increase in accounts receivable (1,814) (1,244)
Decrease (increase) in inventory 19 (124)
Increase in prepaid expenses (2,595) (1,625)
Decrease in accounts payable (166) (3,127)
Increase (decrease) in accrued charges 4,333 (117)
Decrease in salaries, commissions, and related items (1,644) (5,569)
Increase (decrease) in income taxes payable 2,689 (3,941)
Increase (decrease) in deferred revenue (63) 1,571
---------------------------------------------------------------------------------------------------------------------
40,869 20,200
---------------------------------------------------------------------------------------------------------------------
Cash provided by (used in) investing activities
Additions to fixed assets (26,594) (11,848)
Maturity of short-term investments 91,820 116,024
Purchase of short-term investments (75,599) (75,965)
Acquisition costs (854) (2,562)
---------------------------------------------------------------------------------------------------------------------
(11,227) 25,649
---------------------------------------------------------------------------------------------------------------------
Cash provided by (used in) financing activities
Issue of common shares (net) 15,882 2,301
Repurchase of shares (2,041) (18,488)
Repayment of long-term debt 223 (464)
Long-term payments 163 90
---------------------------------------------------------------------------------------------------------------------
14,227 (16,561)
---------------------------------------------------------------------------------------------------------------------
Effect of exchange rate changes on cash (768) 687
---------------------------------------------------------------------------------------------------------------------
Net increase in cash and cash equivalents 43,101 29,975
Cash and cash equivalents, beginning of period 132,435 93,617
Cash and cash equivalents, end of period 175,536 123,592
Short-term investments, end of period 47,716 16,147
---------------------------------------------------------------------------------------------------------------------
Cash, cash equivalents, and short-term investments, end of period $223,252 $139,739
=====================================================================================================================
</TABLE>
3
