EX-99.1B3 5 0005.txt NATL. DATA CORPORATION CON. BALANCE SHEETS Exhibit 99.1(b)3 UNAUDITED CONSOLIDATED BALANCE SHEETS NATIONAL DATA CORPORATION AND SUBSIDIARIES (In thousands, except share and per share data) ================================================================================
November 30, May 31, 2000 2000 ----------- ---------- ASSETS Current assets: Cash and cash equivalents $ 7,286 $ 1,789 Accounts receivable 61,648 73,025 Allowance for doubtful accounts (6,243) (7,316) ----------- ---------- Accounts receivable, net 55,405 65,709 ----------- ---------- Income tax receivable 28,867 1,962 Deferred income taxes 298 20,097 Prepaid expenses and other current assets 17,275 13,857 ----------- ---------- Total current assets 109,131 103,414 ----------- ---------- Property and equipment, net 79,130 69,265 Intangible assets, net 217,275 214,800 Deferred income taxes 15,565 32,247 Investments 36,322 5,948 Other 9,539 4,346 Net assets of discontinued operations 205,702 220,312 ----------- ---------- Total Assets $ 672,664 $ 650,332 =========== ========== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Line of credit $ 57,000 $ 68,500 Current portion of long-term debt 164 159 Obligations under capital leases 5,362 5,803 Accounts payable and accrued liabilities 57,183 55,082 Accrued spinoff related liabilities 10,819 - Deferred income 23,899 23,319 ----------- ---------- Total current liabilities 154,427 152,863 ----------- ---------- Long-term debt 152,425 152,495 Obligations under capital leases 1,607 1,793 Other long-term liabilities 15,016 13,045 ----------- ---------- Total liabilities 323,475 320,196 ----------- ---------- Commitments and contingencies Shareholders' equity: Preferred stock, par value $1.00 per share; 1,000,000 shares authorized, none issued - - Common stock, par value $.125 per share; 200,000,000 shares authorized; 33,953,008 shares issued 4,244 4,244 Capital in excess of par value 348,174 349,387 Treasury stock, at cost, 1,019,859 and 1,211,880 shares, respectively (26,897) (31,960) Retained earnings 38,375 20,763 Deferred compensation (6,798) (7,332) Unrealized holding loss (4,264) (1,727) Cumulative translation adjustment (3,645) (3,239) ----------- ---------- Total shareholders' equity 349,189 330,136 ----------- ---------- Total Liabilities and Shareholders' Equity $ 672,664 $ 650,332 =========== ==========