EX-99.1(B)1 4 dex991b1.txt UNAUDITED CONSOLIDATED STATEMENTS OF INCOME-NORM EXHIBIT 99.1(b)1 NORMALIZED UNAUDITED CONSOLIDATED STATEMENTS OF INCOME NATIONAL DATA CORPORATION AND SUBSIDIARIES (In thousands, except per share data) -------------------------------------------------------------------------------- Three Months Ended August 31, ----------------------------- 2001 2000 GAAP Normalized ------- ---------- Revenues - Information Management $34,513 $31,298 Revenues - Network Services and Systems 53,843 48,947 ------- ------- Revenues 88,356 80,245 ------- ------- Operating expenses: Cost of service 41,835 38,462 Sales, general and administrative 20,986 19,926 Depreciation and amortization 6,581 7,989 ------- ------- 69,402 66,377 ------- ------- Operating income 18,954 13,868 ------- ------- Other income (expense): Interest and other income 351 17 Interest and other expense (2,320) (1,959) Minority interest in earnings 326 - ------- ------- (1,643) (1,942) ------- ------- Income before income taxes 17,311 11,926 Provision for income taxes 6,232 4,592 ------- ------- Net income $11,079 $ 7,334 ======= ======= Basic earnings per share $ 0.33 $ 0.22 ------- ------- Shares 33,937 32,778 Diluted earnings per share: $ 0.31 $ 0.22 ------- ------- Shares 39,670 33,441
Normalized results for the three months ended August 31, 2000 exclude revenues and operating expenses related to divested businesses of $5.6 million and $5.3 million, respectively, and discontinued operations.