<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED STATEMENTS OF INCOME
(US$000s except share amounts, CDN GAAP)
(Unaudited)
<TABLE>
<CAPTION>
Three months ended
May 31,
--------------------------------------------------------------------------
2000 1999
--------------------------------------------------------------------------
<S> <C> <C>
Revenue
Product license $ 56,733 $38,871
Product support 33,283 27,519
Services 18,682 15,255
--------------------------------------------------------------------------
Total revenue 108,698 81,645
--------------------------------------------------------------------------
Operating expenses
Cost of product license 1,729 1,054
Cost of product support 4,274 3,095
Selling, general, and administrative 74,295 53,478
Research and development 15,854 12,197
Investment tax credits (1,338) (1,167)
--------------------------------------------------------------------------
Total operating expenses 94,814 68,657
--------------------------------------------------------------------------
Operating income 13,884 12,988
Interest expense (154) (132)
Interest income 2,582 1,731
--------------------------------------------------------------------------
Income before taxes 16,312 14,587
Income tax provision 5,397 4,791
--------------------------------------------------------------------------
Net income $ 10,915 $ 9,796
==========================================================================
Net income per share
Basic $ 0.13 $ 0.11
==========================================================================
Diluted $ 0.13 $ 0.11
==========================================================================
Weighted average number of shares (000s)
Basic 86,993 86,670
==========================================================================
Diluted 88,686 89,960
==========================================================================
</TABLE>
24
<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(US$000s, CDN GAAP)
<TABLE>
<CAPTION>
May 31, February 29,
2000 2000
-------------------------------------------------------------------------------------------
<S> <C>
Assets (Unaudited)
Current assets
Cash and cash equivalents $182,333 $132,435
Short-term investments 31,662 64,284
Accounts receivable 91,609 107,823
Inventories 689 806
Prepaid expenses 10,263 7,840
-------------------------------------------------------------------------------------------
316,556 313,188
Fixed assets 53,103 44,835
Intangible assets 37,015 40,158
-------------------------------------------------------------------------------------------
$406,674 $398,181
===========================================================================================
Liabilities
Current liabilities
Accounts payable $ 21,548 $ 22,908
Accrued charges 18,081 17,540
Salaries, commissions, and related items 19,190 24,024
Income taxes payable 4,184 3,548
Current portion of long-term debt 2,082 2,176
Deferred revenue 73,173 76,537
-------------------------------------------------------------------------------------------
138,258 146,733
Long-term liabilities 2,669 2,699
Deferred income taxes 20,614 21,730
-------------------------------------------------------------------------------------------
161,541 171,162
-------------------------------------------------------------------------------------------
Stockholders' Equity
Capital stock
Common shares (May 31, 2000 - 87,436,045;
February 29, 2000 - 86,657,578) 115,939 106,936
Retained earnings 137,231 126,316
Other accumulated comprehensive items (8,037) (6,233)
-------------------------------------------------------------------------------------------
245,133 227,019
-------------------------------------------------------------------------------------------
$406,674 $398,181
===========================================================================================
</TABLE>
25
<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(US$000s, CDN GAAP)
(Unaudited)
<TABLE>
<CAPTION>
Three months ended
May 31,
--------------------------------------------------------------------------------------------------
2000 1999
--------------------------------------------------------------------------------------------------
<S> <C> <C>
Cash provided by (used in) operating activities
Net income $ 10,915 $ 9,796
Non-cash items
Depreciation and amortization 7,236 5,996
Deferred income taxes (598) 438
Loss on disposal of fixed assets 194 23
--------------------------------------------------------------------------------------------------
17,747 16,253
Change in non-cash working capital
Decrease in accounts receivable 14,633 5,756
Decrease in inventories 97 18
Increase in prepaid expenses (2,667) (966)
Decrease in accounts payable (775) (2,290)
Increase (decrease) in accrued charges 747 (91)
Decrease in salaries, commissions, and related items (4,315) (6,278)
Increase (decrease) in income taxes payable 739 (3,772)
Decrease in deferred revenue (2,259) (473)
--------------------------------------------------------------------------------------------------
23,947 8,157
--------------------------------------------------------------------------------------------------
Cash provided by (used in) investing activities
Maturity of short-term investments 64,566 56,595
Purchase of short-term investments (32,861) (53,417)
Acquisition costs - (874)
Additions to fixed assets (13,944) (4,592)
--------------------------------------------------------------------------------------------------
17,761 (2,288)
--------------------------------------------------------------------------------------------------
Cash provided by (used in) financing activities
Issue of common shares 9,003 1,336
Repurchase of shares - (6,304)
Repayment of long-term debt 251 (107)
--------------------------------------------------------------------------------------------------
9,254 (5,075)
--------------------------------------------------------------------------------------------------
Effect of exchange rate changes on cash (1,064) 781
--------------------------------------------------------------------------------------------------
Net increase (decrease) in cash and cash equivalents 49,898 1,575
Cash and cash equivalents, beginning of period 132,435 93,617
--------------------------------------------------------------------------------------------------
Cash and cash equivalents, end of period 182,333 95,192
Short-term investments, end of period 31,662 53,565
--------------------------------------------------------------------------------------------------
Cash, cash equivalents, and short-term investments, end of period $213,995 $148,757
==================================================================================================
</TABLE>
26
