EX-99.1(B)2 5 dex991b2.htm CONSOLIDATED STATEMENTS OF OPERATIONS Consolidated Statements of Operations

Exhibit 99.1(b) 2

CONSOLIDATED STATEMENTS OF OPERATIONS
NDCHealth Corporation and Subsidiaries

(In thousands, except per share data)

 

 

 

Nine Months Ended

 

 

 


 

 

 

February 28,
2003

 

March 1,
2002

 

 

 


 


 

Revenues:

 

 

 

 

 

Information management

 

$

114,694

 

$

110,226

 

Network services and systems

 

199,681

 

144,291

 

Divested businesses

 

 

4,360

 

 

 


 


 

 

 

314,375

 

258,877

 

 

 


 


 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

Cost of service

 

156,881

 

127,356

 

Sales, general and administrative

 

64,555

 

57,592

 

Depreciation and amortization

 

22,952

 

18,426

 

Restructuring, impairment and other charges

 

2,283

 

 

 

 


 


 

 

 

246,671

 

203,374

 

 

 


 


 

 

 

 

 

 

 

Operating income

 

67,704

 

55,503

 

 

 


 


 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

Interest and other income

 

1,088

 

1,140

 

Interest and other expense

 

(14,682

)

(7,156

)

Minority interest in losses

 

1,216

 

1,680

 

Loss related to investments

 

(14,955

)

 

Early extinguishment of debt charges

 

(2,359

)

 

 

 


 


 

 

 

(29,692

)

(4,336

)

 

 


 


 

 

 

 

 

 

 

Income (loss) before income taxes and equity in losses of affiliated companies:

 

 

 

 

 

Information management

 

18,354

 

17,562

 

Network services and systems

 

36,972

 

34,175

 

Other

 

(17,314

)

(570

)

 

 


 


 

 

 

38,012

 

51,167

 

 

 


 


 

 

 

 

 

 

 

Provision for income taxes

 

16,886

 

18,420

 

 

 


 


 

Income (loss) before equity in losses of affiliated companies

 

21,126

 

32,747

 

Equity in losses of affiliated companies

 

(984

)

(1,750

)

 

 


 


 

Net income

 

$

20,142

 

$

30,997

 

 

 



 



 

 

 

 

 

 

 

Basic earnings per share:

 

$

0.58

 

$

0.91

 

 

 



 



 

Shares

 

34,561

 

34,045

 

 

 

 

 

 

 

Diluted earnings per share:

 

$

0.58

 

$

0.87

 

 

 



 



 

Shares

 

 

34,923

 

 

35,595