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<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED STATEMENTS OF INCOME
(US$000s except share amounts, CDN GAAP)
(Unaudited)
<TABLE>
<CAPTION>
Three months ended Nine months ended
November 30, November 30,
----------------------------------------------------------------------------------------------------------------------
2000 1999 2000 1999
----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Revenue
Product license $ 64,832 $51,483 $183,050 $134,841
Product support 37,635 29,707 106,610 85,473
Services 22,171 16,563 61,889 47,212
-----------------------------------------------------------------------------------------------------------------------
Total revenue 124,638 97,753 351,549 267,526
-----------------------------------------------------------------------------------------------------------------------
Operating expenses
Cost of product license 1,925 1,456 5,367 3,511
Cost of product support 4,551 3,608 12,896 10,039
Selling, general, and administrative 83,109 63,183 235,005 172,924
Research and development 16,854 13,574 49,215 38,616
Investment tax credits (2,765) (2,177) (5,400) (4,507)
-----------------------------------------------------------------------------------------------------------------------
Total operating expenses 103,674 79,644 297,083 220,583
-----------------------------------------------------------------------------------------------------------------------
Operating income 20,964 18,109 54,466 46,943
Interest expense (230) (148) (540) (481)
Interest income 3,355 1,784 9,034 5,189
-----------------------------------------------------------------------------------------------------------------------
Income before taxes 24,089 19,745 62,960 51,651
Income tax provision 8,697 6,963 21,210 17,305
-----------------------------------------------------------------------------------------------------------------------
Net income $15,392 $12,782 $ 41,750 $ 34,346
=======================================================================================================================
Net income per share
Basic $0.17 $0.15 $0.48 $0.40
=======================================================================================================================
Fully diluted $0.17 $0.15 $0.47 $0.40
=======================================================================================================================
Weighted average number of shares (000s)
Basic 88,249 85,262 87,647 85,970
=======================================================================================================================
Fully diluted 93,815 92,546 92,068 91,468
=======================================================================================================================
</TABLE>
29
<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED BALANCE SHEETS
(US$000s, CDN GAAP)
<TABLE>
<CAPTION>
November 30, February 29,
2000 2000
--------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Assets (Unaudited)
Current assets
Cash and cash equivalents $ 89,854 $132,435
Short-term investments 116,534 64,284
Accounts receivable 129,330 107,823
Inventories 820 806
Prepaid expenses 9,518 7,840
--------------------------------------------------------------------------------------------------------------
346,056 313,188
Fixed assets 71,465 44,835
Other assets 53,437 40,158
--------------------------------------------------------------------------------------------------------------
$470,958 $398,181
==============================================================================================================
Liabilities
Current liabilities
Accounts payable $ 24,741 $ 22,908
Accrued charges 24,456 17,540
Salaries, commissions, and related items 24,650 24,024
Income taxes payable 6,783 3,548
Current portion of long-term debt 36 2,176
Deferred revenue 74,030 76,537
--------------------------------------------------------------------------------------------------------------
154,696 146,733
Long-term liabilities 4,348 2,699
Deferred income taxes 22,969 21,730
--------------------------------------------------------------------------------------------------------------
182,013 171,162
--------------------------------------------------------------------------------------------------------------
Stockholders' Equity
Capital stock
Common shares (November 30, 2000 - 88,485,818;
February 29, 2000 - 86,657,578) 133,298 106,936
Retained earnings 166,091 126,316
Other accumulated comprehensive items (10,444) (6,233)
--------------------------------------------------------------------------------------------------------------
288,945 227,019
--------------------------------------------------------------------------------------------------------------
$470,958 $398,181
==============================================================================================================
</TABLE>
30
<PAGE>
Exhibit 99
CDN GAAP
COGNOS INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(US$000s, CDN GAAP)
(Unaudited)
<TABLE>
<CAPTION>
Nine months ended
November 30,
-------------------------
2000 1999
--------- ----------
<S> <C> <C>
Cash provided by (used in) operating activities
Net income $ 41,750 $ 34,346
Non-cash items
Depreciation and amortization 23,119 19,085
Deferred income taxes 178 (55)
Loss on disposal of fixed assets 215 100
--------- ----------
65,262 53,476
Change in non-cash working capital
Increase in accounts receivable (25,579) (11,600)
Increase in inventory (58) (64)
Decrease (increase) in prepaid expenses (2,297) 425
Increase (decrease) in accounts payable 3,131 (1,990)
Increase in accrued charges 5,993 221
Increase (decrease) in salaries, commissions, and related items 1,736 (3,995)
Increase (decrease) in income taxes payable 3,607 (924)
Increase in deferred revenue 71 4,557
--------- ----------
51,866 40,106
--------- ----------
Cash provided by (used in) investing activities
Additions to fixed assets (42,998) (19,180)
Maturity of short-term investments 139,069 132,394
Purchase of short-term investments (193,207) (140,506)
Acquisition costs (11,260) (2,562)
Proceeds from the sale of fixed assets - -
--------- ----------
(108,396) (29,854)
--------- ----------
Cash provided by (used in) financing activities
Issue of common shares (net) 20,014 4,883
Repurchase of shares (2,041) (26,014)
Repayment of long-term debt (1,757) (483)
Long-term payments (657) 67
--------- ----------
15,559 (21,547)
--------- ----------
Effect of exchange rate changes on cash (1,610) 1,474
--------- ----------
Net decrease in cash and cash equivalents (42,581) (9,821)
Cash and cash equivalents, beginning of period 132,435 93,617
--------- ----------
Cash and cash equivalents, end of period 89,854 83,796
Short-term investments, end of period 116,534 64,488
--------- ----------
Cash, cash equivalents, and short-term investments, end of period $206,388 $148,284
========= ==========
</TABLE>
31
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