EX-99 4 ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 NCO GROUP, INC. Consolidating Statement of Income (Unaudited) (Amounts in thousands)
For the Three Months Ended September 30, 2002 ------------------------------------------------------------------------------- Intercompany NCO Group NCO Portfolio Eliminations Consolidated -------------- ------------------ ------------------ ----------------- Revenue $ 163,136 $ 16,338 $ (8,932) $ 170,542 Operating costs and expenses: Payroll and related expenses 81,541 328 - 81,869 Selling, general and administrative expenses 62,098 10,045 (8,932) 63,211 Depreciation and amortization expense 6,953 78 - 7,031 --------- -------- -------- --------- 150,592 10,451 (8,932) 152,111 --------- -------- -------- --------- 12,544 5,887 - 18,431 Other income (expense): Interest and investment income 662 135 (107) 690 Interest expense (3,260) (2,143) 107 (5,296) --------- -------- -------- --------- (2,598) (2,008) - (4,606) --------- -------- -------- --------- Income before income tax expense 9,946 3,879 - 13,825 Income tax expense 3,782 1,455 - 5,237 --------- -------- -------- --------- Income from operations before minority interest 6,164 2,424 - 8,588 Minority interest (1) - - (887) (887) --------- -------- -------- --------- Net income $ 6,164 $ 2,424 $ (887) $ 7,701 ========= ======== ======== =========
(1) NCO Group owns 63% percent of the outstanding common stock of NCO Portfolio Management, Inc. NCO GROUP, INC. Consolidating Statement of Income (Unaudited) (Amounts in thousands)
For the Nine Months Ended September 30, 2002 ------------------------------------------------------------------------------- Intercompany NCO Group NCO Portfolio Eliminations Consolidated -------------- ------------------ ------------------ --------------- Revenue $ 505,707 $ 46,716 $(25,296) $ 527,127 Operating costs and expenses: Payroll and related expenses 250,038 1,431 - 251,469 Selling, general and administrative expenses 181,944 28,979 (25,296) 185,627 Depreciation and amortization expense 19,550 228 - 19,778 --------- -------- -------- --------- 451,532 30,638 (25,296) 456,874 --------- -------- -------- --------- 54,175 16,078 - 70,253 Other income (expense): Interest and investment income 1,916 569 (341) 2,144 Interest expense (9,824) (5,762) 341 (15,245) (290) - (290) --------- -------- -------- --------- (8,198) (5,193) - (13,391) --------- -------- -------- --------- Income before income tax expense 45,977 10,885 - 56,862 Income tax expense 17,473 4,083 - 21,556 --------- -------- -------- --------- Income from operations before minority interest 28,504 6,802 - 35,306 Minority interest (1) - - (2,492) (2,492) --------- -------- -------- --------- Net income $ 28,504 $ 6,802 $ (2,492) $ 32,814 ========= ======== ======== =========
(1) NCO Group owns 63% percent of the outstanding common stock of NCO Portfolio Management, Inc.