EX-99.1(B)2 5 dex991b2.htm STATEMENTS OF INCOME- SIX MONTHS ENDED Statements of Income- Six Months Ended
 
Exhibit 99.1(b)2
 
CONSOLIDATED STATEMENTS OF INCOME
NDCHealth Corporation and Subsidiaries
 
(In thousands, except per share data)
    
Six Months Ended
  
    
November 29, 2002
     
November 30, 2001
  
Revenues:
                  
Information management
   
$
73,674
 
   
$
71,283
 
Network services and systems
   
 
131,694
 
   
 
94,073
 
Divested businesses
   
 
—  
 
   
 
4,253
 
    
  
    
 
205,368
 
   
 
169,609
 
                   
Operating expenses:
                  
Cost of service
   
 
103,751
 
   
 
82,946
 
Sales, general and administrative
   
 
42,214
 
   
 
38,248
 
Depreciation and amortization
   
 
15,110
 
   
 
12,478
 
    
  
    
 
161,075
 
   
 
133,672
 
    
  
Operating income
   
 
44,293
 
   
 
35,937
 
                   
Other income (expense):
                  
Interest and other income
   
 
745
 
   
 
695
 
Interest and other expense
   
 
(6,916
)
   
 
(4,645
)
Minority interest in losses
   
 
1,031
 
   
 
1,073
 
Early extinguishment of debt charges
   
 
(921
)
   
 
—  
 
    
  
    
 
(6,061
)
   
 
(2,877
)
    
  
Income before income taxes and equity in losses of affiliated companies:
                  
Information management
   
 
11,605
 
   
 
10,659
 
Network services and systems
   
 
27,548
 
   
 
22,784
 
Other
   
 
(921
)
   
 
(383
)
    
  
    
 
38,232
 
   
 
33,060
 
    
  
Provision for income taxes
   
 
13,765
 
   
 
11,902
 
                   
Income before equity in losses of affiliated companies
   
 
24,467
 
   
 
21,158
 
Equity in losses of affiliated companies, net of income taxes
   
 
(625
)
   
 
(1,406
)
                   
Net income
   
$
23,842
 
   
$
19,752
 
    
  
Basic earnings per share:
   
$
0.69
 
   
$
0.58
 
    
  
Shares
   
 
34,529
 
   
 
33,946
 
Diluted earnings per share:
   
$
0.68
 
   
$
0.56
 
    
  
Shares
   
 
39,039
 
   
 
39,691