Clarent Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2000	FY 1999	FY 1998	FY 1997	FY 1996
Period Ending	Sep '01 Sep 30, 2001	Dec '00 Dec 31, 2000	Dec '99 Dec 31, 1999	Dec '98 Dec 31, 1998	Dec '97 Dec 31, 1997	Dec '96 Dec 31, 1996
Cash & Equivalents	76.32	185.63	238.72	11.9	0.47	-
Short-Term Investments	9.96	74.99	42.58	-	-	-
Cash & Short-Term Investments	86.28	260.61	281.31	11.9	0.47	-
Cash Growth	-69.90%	-7.36%	2263.31%	2411.18%	-	-
Receivables	8.81	21.17	24.22	6.94	0.78	-
Inventory	11.35	17.66	8.4	3.62	0.89	-
Prepaid Expenses	3.55	5.94	2.83	0.48	0.13	-
Total Current Assets	119.98	305.39	316.75	22.94	2.27	-
Property, Plant & Equipment	12.02	36.94	12.7	2.23	0.54	-
Long-Term Investments	6.89	14.48	2.99	-	-	-
Goodwill	-	93.64	2.56	-	-	-
Other Intangible Assets	-	38.06	-	-	-	-
Long-Term Deferred Tax Assets	-	14.53	-	-	-	-
Other Long-Term Assets	4.83	4.52	0.37	-	0.01	-
Total Assets	148.72	507.56	335.37	25.18	2.82	-
Accounts Payable	10.59	14.34	8.55	2.91	0.51	-
Accrued Expenses	29.12	31.57	7.86	1.59	0.82	-
Short-Term Debt	9.96	-	-	2.5	-	-
Current Unearned Revenue	24.96	8.53	10.12	4.41	0.16	-
Total Current Liabilities	74.64	54.44	26.53	11.41	1.48	-
Long-Term Deferred Tax Liabilities	-	14.53	-	-	-	-
Total Liabilities	108.79	68.97	26.53	11.41	1.48	-
Common Stock	583.28	583.33	353.89	2.75	0.03	-
Retained Earnings	-540.84	-134.68	-38.95	-8.17	-2.34	-
Comprehensive Income & Other	-2.51	-10.07	-6.1	-1.84	-0.04	-
Total Common Equity	39.93	438.58	308.84	-7.26	-2.35	-
Shareholders' Equity	39.93	438.58	308.84	13.76	1.33	-
Total Liabilities & Equity	148.72	507.56	335.37	25.18	2.82	-
Total Debt	9.96	-	-	2.5	-	-
Net Cash (Debt)	76.31	260.61	281.31	9.4	0.47	-
Net Cash Growth	-73.38%	-7.36%	2891.65%	1883.76%	-	-
Net Cash Per Share	1.91	7.43	17.09	2.65	0.49	-
Filing Date Shares Outstanding	41	39.65	30.99	7.13	5.4	-
Total Common Shares Outstanding	41	39.35	30.99	7.13	5.4	-
Working Capital	45.34	250.95	290.23	11.53	0.78	-
Book Value Per Share	0.97	11.15	9.97	-1.02	-0.44	-
Tangible Book Value	39.93	306.88	306.28	-7.26	-2.35	-
Tangible Book Value Per Share	0.97	7.80	9.88	-1.02	-0.44	-
Buildings	-	8.25	4.13	0.22	0.05	-
Machinery	-	41.66	11.89	2.62	0.58	-
Leasehold Improvements	-	8.25	4.13	0.22	0.05	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.