Financial Highlights 1 In fiscal 1999, these amounts exclude the effect of $1.1 million for the amortization of acquisition-related intangibles. 2 In fiscal 2000, these amounts exclude the effect of non-recurring charges to operations of $3.0 million in connection with the write-off of in process research and development and acquisition-related expenses; and $1.2 million for the amortization of acquisition-related intangibles.  3 In fiscal 2001, these amounts exclude the effect of the $4.3 million reserve against revenues for a bankrupt customer; and $5.2 million for the amortization of acquisition-related intangibles. 4 In fiscal 2002, these amounts exclude the effect of non-recurring charges to operations of $1.5 million in connection with the write-off of in- process research and development; $1.8 million for the amortization of acquisition-related intangibles; and the $2.3 million recovery relating to the bankrupt customer. 5 In fiscal 2003, these amounts exclude the effect of non-recurring charges to operations of $0.9 million in connection with a restructuring charge and $0.9 million for acquisition-related expenses; $3.4 million for the amortization of acquisition-related intangibles; and the $0.8 million recovery relating to the bankrupt customer. Manhattan Associates Annual Report 2003 1 (IN THOUSANDS) 1999 2000 2001 2002 2003 Statement of Income Data: Revenues $ 85,298  $ 138,619  $ 156,378  $ 175,721  $ 196,814  Net income 1,101  16,268  16,187  25,196  21,845  Adjusted net income  (1) (2) (3) (4) (5) 1,834 (1) 18,872 (2) 22,215 (3)  25,798 (4) 24,709 (5)  Balance Sheet Data: Cash, cash equivalent and Investments $ 39,915 $ 67,667 $ 104,189 $ 121,857 $ 155,403  Working capital 46,948 70,192  101,224  124,679  158,366  Total assets 80,943 152,406  180,720  220,196  264,019  Total shareholders' equity 58,626 110,032 141,204  185,286  228,242  $196.8 $175.7 $156.4 $138.6 $85.3 99 00 01 02 03 $24.7 $25.8 $22.2 $18.9 $1.8 99 00 01 02 03 $21.8 $25.2 $16.2 $16.3 $1.1 99 00 01 02 03 Revenues (in millions) Net income (in millions) Adjusted net income (in millions)