EX-99.B.5 7 dex99b5.txt CONSOLIDATED BALANCE SHEETS Exhibit 99.1 (b) 5 CONSOLIDATED BALANCE SHEETS NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except share and per share data) --------------------------------------------------------------------------------------------------------------- May 31, May 31, 2001 2000 -------- -------- ASSETS Current assets: Cash and cash equivalents $ 12,420 $ 1,789 Accounts receivable 70,648 76,325 Allowance for doubtful accounts (6,628) (7,316) -------- -------- Accounts receivable, net 64,020 69,009 -------- -------- Income tax receivable 2,265 1,962 Deferred income taxes 29,539 20,097 Prepaid expenses and other current assets 18,788 13,857 -------- -------- Total current assets 127,032 106,714 -------- -------- Property and equipment, net 82,956 69,265 Intangible assets, net 221,757 214,800 Deferred income taxes 9,886 32,247 Investments 35,591 5,948 Other 10,990 4,346 Net assets of discontinued operations - 220,312 -------- -------- Total Assets $488,212 $653,632 ======== ======== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Line of credit $ - $ 68,500 Current portion of long-term debt 170 159 Obligations under capital leases 2,586 5,803 Accounts payable and accrued liabilities 53,228 55,082 Deferred income 13,624 26,619 -------- -------- Total current liabilities 69,608 156,163 -------- -------- Long-term debt 151,567 152,495 Obligations under capital leases 1,108 1,793 Other long-term liabilities 23,044 13,045 -------- -------- Total liabilities 245,327 323,496 -------- -------- Commitments and contingencies Minority interest in equity of subsidiaries 12,418 - 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; 33,875,235 and 33,953,008 shares issued, respectively 4,234 4,244 Capital in excess of par value 188,636 349,387 Treasury stock, at cost, 1,211,880 shares at May 31, 2000 - (31,960) Retained earnings 48,392 20,763 Deferred compensation (7,101) (7,332) Unrealized holding loss (111) (1,727) Cumulative translation adjustment (3,583) (3,239) -------- -------- Total shareholders' equity 230,467 330,136 -------- -------- Total Liabilities and Shareholders' Equity $488,212 $653,632 ======== ========
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