EX-99.1(B)6 9 dex991b6.htm CONSOLIDATED STATEMENTS OF CASH FLOWS Prepared by R.R. Donnelley Financial -- Consolidated Statements of Cash Flows
 
Exhibit 99.1(b)6
 
CONSOLIDATED STATEMENTS OF CASH FLOWS
NDCHealth Corporation and Subsidiaries
 
(In thousands)
    
Year Ended May 31,
  
    
2002
     
2001
  
Cash flows from operating activities:
                  
Net income
   
$
43,410
 
   
$
32,540
 
Adjustments to reconcile net income to cash provided by operating activities:
                  
Equity in losses of affiliated companies
   
 
2,064
 
   
 
751
 
Non-cash restructuring and impairment charges
   
 
—  
 
   
 
930
 
Income from discontinued operations
   
 
—  
 
   
 
(8,323
)
Depreciation and amortization
   
 
24,374
 
   
 
34,745
 
Deferred income taxes
   
 
4,080
 
   
 
10,977
 
Provision for bad debts
   
 
1,619
 
   
 
1,322
 
Valuation adjustment in Medscape investment
   
 
—  
 
   
 
6,953
 
Other, net
   
 
269
 
   
 
54
 
Changes in assets and liabilities which provided (used) cash, net of the effects of acquisitions:
                  
Accounts receivable, net
   
 
(6,429
)
   
 
(4,121
)
Prepaid expenses and other assets
   
 
(3,492
)
   
 
(15,539
)
Accounts payable and accrued liabilities
   
 
(1,812
)
   
 
10,018
 
Deferred income
   
 
636
 
   
 
(9,114
)
Income taxes
   
 
(2,067
)
   
 
1,857
 
    
  
Net cash provided by operating activities
   
 
62,652
 
   
 
63,050
 
    
  
Cash flows from investing activities:
                  
Capital expenditures
   
 
(30,985
)
   
 
(32,915
)
Business acquisitions, net of acquired cash
   
 
(119,626
)
   
 
(23,224
)
Business divestiture
   
 
—  
 
   
 
20,000
 
Investments and other non-current assets
   
 
(14,310
)
   
 
(13,789
)
    
  
Net cash used in investing activities
   
 
(164,921
)
   
 
(49,928
)
    
  
Cash flows from financing activities:
                  
Net short-term borrowings (repayments)
   
 
91,000
 
   
 
(68,500
)
Credit facility fees
   
 
(889
)
   
 
—  
 
Net principal payments under capital lease arrangements and other long-term debt
   
 
(2,371
)
   
 
(4,814
)
Net issuances related to stock activities
   
 
6,559
 
   
 
7,360
 
Dividends paid
   
 
(5,457
)
   
 
(8,762
)
    
  
Net cash provided by (used in) financing activities
   
 
88,842
 
   
 
(74,716
)
    
  
Cash flows from discontinued operations:
                  
Cash provided by tax benefits of discontinued operations
   
 
21,233
 
   
 
—  
 
Cash used in discontinued operations
   
 
(6,779
)
   
 
(5,375
)
Cash dividend from Global Payments Inc.
   
 
—  
 
   
 
77,600
 
    
  
Net cash provided by discontinued operations
   
 
14,454
 
   
 
72,225
 
    
  
Increase in cash and cash equivalents
   
 
1,027
 
   
 
10,631
 
Cash and cash equivalents, beginning of period
   
 
12,420
 
   
 
1,789
 
    
  
Cash and cash equivalents, end of period
   
$
13,447
 
   
$
12,420