EX-99.2.(B) 5 g79481exv99w2wxby.htm PRO FORMA COMBINED STATEMENT OF OPERATIONS Pro Forma Combined Statement of Operations
 

EXHIBIT 99.2 (b)

PRO FORMA COMBINED STATEMENT OF OPERATIONS

For the Year Ended May 31, 2002
Unaudited
(in thousands, except per share data)

                                                     
                        PRO FORMA           PRO FORMA        
                        ADJUSTMENTS   PRO FORMA   ADJUSTMENTS   PRO FORMA
        NDCHEALTH   TECHRX   (A)   NDCHEALTH   (B)   NDCHEALTH
       
 
 
 
 
 
Revenues:
                                               
 
Information management
  $ 150,399     $     $     $ 150,399     $     $ 150,399  
 
Network services and systems
    198,622       45,637       (8,876 )(1)     235,383             235,383  
 
Divested businesses
    4,360                   4,360             4,360  
 
   
     
     
     
     
     
 
 
    353,381       45,637       (8,876 )     390,142             390,142  
 
   
     
     
     
     
     
 
Operating expenses:
                                               
 
Cost of service
    174,944       38,154       (6,840 )(1)     206,258             206,258  
 
Sales, general and administrative
    76,961       12,545             89,506             89,506  
 
Depreciation and amortization
    24,374       7,996       (4,584 )(1,5)     27,786             27,786  
 
Restructuring and impairment charges
          10,488             10,488             10,488  
 
   
     
     
     
     
     
 
 
    276,279       69,183       (11,424 )     334,038             334,038  
 
   
     
     
     
     
     
 
Operating income (loss)
    77,102       (23,546 )     2,548       56,104             56,104  
 
   
     
     
     
     
     
 
Other income (expense):
                                               
 
Interest and other income
    1,779       168       (352 )(1)     1,595             1,595  
 
Interest and other expense
    (9,693 )     (1,393 )     (762 )(1,4)     (11,848 )     (21,588 )(1,2)     (33,436 )
 
Valuation adjustment
    (41,000 )                 (41,000 )           (41,000 )
 
Minority interest in losses
    1,863             9,210 (2)     11,073             11,073  
 
   
     
     
     
     
     
 
 
    (47,051 )     (1,225 )     8,096       (40,180 )     (21,588 )     (61,768 )
 
   
     
     
     
     
     
 
Income (loss) before income taxes and equity in losses of affiliated companies
    30,051       (24,771 )     10,644       15,924       (21,588 )     (5,664 )
 
   
     
     
     
     
     
 
Provision for income taxes
    12,877       60       3,832 (6)     16,769       (7,772 )(3)     8,997  
 
   
     
     
     
     
     
 
Income (loss) before equity in losses of affiliated companies
    17,174       (24,831 )     6,812       (845 )     (13,816 )     (14,661 )
Equity in losses of affiliated companies
    (2,064 )           1,514 (3)     (550 )           (550 )
 
   
     
     
     
     
     
 
Net income (loss)
  $ 15,110     $ (24,831 )   $ 8,326     $ (1,395 )   $ (13,816 )   $ (15,211 )
 
   
     
     
     
     
     
 
Basic earnings (loss) per share
  $ 0.44                     $ (0.04 )           $ (0.44 )
 
   
                     
             
 
 
Number of shares
    34,087                       34,489               34,489  
Diluted earnings (loss) per share
  $ 0.43                     $ (0.04 )           $ (0.44 )
 
   
                     
             
 
 
Number of shares
    35,496                       34,489               34,489  

See notes to the pro forma Combined Statement of Operations.