EX-99.1(B)8 11 dex991b8.txt CONSOLIDATED STATEMENT OF INCOME EXHIBIT 99.1(b)8 Consolidated Statement of Income (Unaudited) NATIONAL DATA CORPORATION (in thousands) -------------------------------------------------------------------------------- FY00 FY01 FY02 ---------- ------------------------------------------------------ ------- Total Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Year Qtr 1 ---------- ------- ------- -------- ------- ---------- ------- Revenue - Information Management $131,229 $31,298 $33,917 $35,342 $37,534 $138,091 $34,513 Revenue - Network Services and Systems 158,051 48,947 49,516 52,890 54,509 205,862 53,843 Revenue - Other 56,393 5,629 233 - - 5,862 - -------- ------- ------- ------- ------- -------- ------- Revenue - NDCHealth 345,673 85,874 83,666 88,232 92,043 349,815 88,356 -------- ------- ------- ------- ------- -------- ------- Operating expenses: Cost of service 181,001 43,340 41,662 45,718 45,693 176,413 41,835 Sales, general and administrative 86,062 20,134 18,385 18,653 20,468 77,640 20,986 Depreciation and amortization 31,834 8,213 8,683 8,686 9,163 34,745 6,581 Non-recurring charges 34,393 - 2,156 - - 2,156 - -------- ------- ------- ------- ------- -------- ------- 333,290 71,687 70,886 73,057 75,324 290,954 69,402 -------- ------- ------- ------- ------- -------- ------- Operating income - NDCHealth 12,383 14,187 12,780 15,175 16,719 58,861 18,954 EBITDA 78,610 22,400 23,619 23,861 25,882 95,762 25,535 Other income/(expense) (11,721) (1,942) (1,781) (1,112) (8,264) (13,099) (1,643) -------- ------- ------- ------- ------- -------- ------- IBIT - Information Management 17,728 3,456 4,646 5,072 4,931 18,105 4,118 IBIT - Network Services and Systems 24,781 8,470 8,544 8,991 10,477 36,482 13,193 IBIT - Other (41,847) 319 (2,191) - (6,953) (8,825) - -------- ------- ------- ------- ------- -------- ------- Income before income taxes - NDCHealth 662 12,245 10,999 14,063 8,455 45,762 17,311 -------- ------- ------- ------- ------- -------- ------- Income Taxes 1,825 4,714 4,310 5,414 3,256 17,694 6,232 -------- ------- ------- ------- ------- -------- ------- Net Income before Discontinued Operations (1,163) 7,531 6,689 8,649 5,199 28,068 11,079 -------- ------- ------- ------- ------- -------- ------- Discontinued Operations (39,002) 8,649 (326) - - 8,323 - -------- ------- ------- ------- ------- -------- ------- Net Income $(40,165) $16,180 $ 6,363 $ 8,649 $ 5,199 $ 36,391 $11,079 ======== ======= ======= ======= ======= ======== ======= Basic Shares 33,232 32,778 32,889 32,992 33,970 33,009 33,937 ======== ======= ======= ======= ======= ======== ======= Basic earnings per share $ (1.21) $ 0.49 $ 0.19 $ 0.26 $ 0.15 $ 1.10 $ 0.33 ======== ======= ======= ======= ======= ======== ======= Diluted Shares 33,232 36,193 34,057 34,348 35,368 34,153 39,670 ======== ======= ======= ======= ======= ======== ======= Diluted earnings per share $ (1.21) $ 0.48 $ 0.19 $ 0.25 $ 0.15 $ 1.07 $ 0.31 ======== ======= ======= ======= ======= ======== =======