EX-99.1(B)2 5 dex991b2.htm CONSOLIDATED STATEMENTS OF OPERATIONS Consolidated Statements of Operations

Exhibit 99.1(b) 2

CONSOLIDATED STATEMENTS OF OPERATIONS
NDCHealth Corporation and Subsidiaries

(In thousands, except per share data)

 

 

 

Nine Months Ended

 

 

 


 

 

 

February 28,
2003

 

March 1,
2002

 

 

 


 


 

Revenues:

 

 

 

 

 

Information management

 

$

114,694

 

$

110,226

 

Network services and systems

 

199,681

 

144,291

 

Divested businesses

 

—

 

4,360

 

 

 


 


 

 

 

314,375

 

258,877

 

 

 


 


 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

Cost of service

 

156,881

 

127,356

 

Sales, general and administrative

 

64,555

 

57,592

 

Depreciation and amortization

 

22,952

 

18,426

 

Restructuring, impairment and other charges

 

2,283

 

—

 

 

 


 


 

 

 

246,671

 

203,374

 

 

 


 


 

 

 

 

 

 

 

Operating income

 

67,704

 

55,503

 

 

 


 


 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

Interest and other income

 

1,088

 

1,140

 

Interest and other expense

 

(14,682

)

(7,156

)

Minority interest in losses

 

1,216

 

1,680

 

Loss related to investments

 

(14,955

)

—

 

Early extinguishment of debt charges

 

(2,359

)

—

 

 

 


 


 

 

 

(29,692

)

(4,336

)

 

 


 


 

 

 

 

 

 

 

Income (loss) before income taxes and equity in losses of affiliated companies:

 

 

 

 

 

Information management

 

18,354

 

17,562

 

Network services and systems

 

36,972

 

34,175

 

Other

 

(17,314

)

(570

)

 

 


 


 

 

 

38,012

 

51,167

 

 

 


 


 

 

 

 

 

 

 

Provision for income taxes

 

16,886

 

18,420

 

 

 


 


 

Income (loss) before equity in losses of affiliated companies

 

21,126

 

32,747

 

Equity in losses of affiliated companies

 

(984

)

(1,750

)

 

 


 


 

Net income

 

$

20,142

 

$

30,997

 

 

 



 



 

 

 

 

 

 

 

Basic earnings per share:

 

$

0.58

 

$

0.91

 

 

 



 



 

Shares

 

34,561

 

34,045

 

 

 

 

 

 

 

Diluted earnings per share:

 

$

0.58

 

$

0.87

 

 

 



 



 

Shares

 

 

34,923

 

 

35,595