EX-99.1(B)4 7 dex991b4.htm STATEMENTS OF CASH FLOWS Statements of Cash Flows
 
Exhibit 99.1(b)4
 
CONSOLIDATED STATEMENTS OF CASH FLOWS
NDCHealth Corporation and Subsidiaries
 
(In thousands)
    
Six Months Ended
  
    
November 29,
2002
     
November 30,
2001
  
       
Cash flows from operating activities:
                  
Net income
   
$
23,842
 
   
$
19,752
 
Adjustments to reconcile net income to cash provided by operating activities:
                  
Equity in losses of affiliated companies
   
 
625
 
   
 
1,406
 
Non-cash early extinguishment of debt charges
   
 
805
 
   
 
—  
 
Depreciation and amortization
   
 
15,110
 
   
 
12,478
 
Deferred income taxes
   
 
5,342
 
   
 
(186
)
Provision for bad debts
   
 
1,544
 
   
 
984
 
Other, net
   
 
2,300
 
   
 
362
 
Changes in assets and liabilities which provided (used) cash,
net of the effects of acquisitions:
                  
Accounts receivable, net
   
 
(4,029
)
   
 
4,429
 
Prepaid expenses and other assets
   
 
370
 
   
 
(3,473
)
Accounts payable and accrued liabilities
   
 
(3,413
)
   
 
(5,921
)
Deferred income
   
 
(3,922
)
   
 
2,313
 
Income taxes
   
 
2,059
 
   
 
614
 
    
  
Net cash provided by operating activities
   
 
40,633
 
   
 
32,758
 
    
  
Cash flows from investing activities:
                  
Capital expenditures
   
 
(20,804
)
   
 
(14,570
)
Other investing activities
   
 
(7,026
)
   
 
—  
 
Investments and other non-current assets
   
 
(3,218
)
   
 
(7,172
)
    
  
Net cash used in investing activities
   
 
(31,048
)
   
 
(21,742
)
    
  
Cash flows from financing activities:
                  
Net repayments under lines of credit
   
 
(91,000
)
   
 
—  
 
Net principal payments under capital lease arrangements
and other long-term debt
   
 
(1,625
)
   
 
(1,922
)
Net cash from refinancing activities
   
 
165,945
 
   
 
—  
 
Net issuances related to stock activities
   
 
1,227
 
   
 
4,814
 
Dividends paid
   
 
(2,778
)
   
 
(2,723
)
    
  
Net cash provided by financing activities
   
 
71,769
 
   
 
169
 
    
  
Cash flows from discontinued operations:
                  
Cash provided by tax benefits of discontinuedoperations
   
 
6,106
 
   
 
10,984
 
Cash used in discontinued operations
   
 
(3,519
)
   
 
(4,338
)
    
  
Net cash provided by discontinued operations
   
 
2,587
 
   
 
6,646
 
    
  
Increase in cash and cash equivalents
   
 
83,941
 
   
 
17,831
 
Cash and cash equivalents, beginning of period
   
 
13,447
 
   
 
12,420
 
    
  
Cash and cash equivalents, end of period
   
$
97,388
 
   
$
30,251