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)


 

     Year Ended

 
     May 30,
2003


    May 31,
2002


 

Revenues:

                

Information management

   $ 156,753     $ 150,399  

Network services and systems

     272,853       198,622  

Divested businesses

     —         4,360  
    


 


       429,606       353,381  
    


 


Operating expenses:

                

Cost of service

     214,574       174,944  

Sales, general and administrative

     89,214       76,961  

Depreciation and amortization

     30,881       24,374  

Restructuring, impairment and other charges

     2,283       —    

Acquisition related expense

     2,775       —    
    


 


       339,727       276,279  
    


 


Operating income

     89,879       77,102  
    


 


Other income (expense):

                

Interest and other income

     1,534       1,779  

Interest and other expense

     (22,108 )     (9,693 )

Minority interest in losses

     2,434       1,863  

Loss related to investments

     (14,455 )     (41,000 )

Early extinguishment of debt charges

     (2,359 )     —    
    


 


       (34,954 )     (47,051 )
    


 


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

                

Information management

     24,687       25,315  

Network services and systems

     47,052       46,306  

Other

     (16,814 )     (41,570 )
    


 


       54,925       30,051  
    


 


Provision for income taxes

     22,975       12,877  
    


 


Income before equity in losses of affiliated companies

     31,950       17,174  

Equity in losses of affiliated companies

     (1,348 )     (2,064 )
    


 


Net income

   $ 30,602     $ 15,110  
    


 


Basic earnings per share:

   $ 0.88     $ 0.44  
    


 


Shares

     34,591       34,087  

Diluted earnings per share:

   $ 0.88     $ 0.43  
    


 


Shares

     34,941       35,496