EX-99.1A3 5 dex991a3.htm PRO FORMA COMBINED STATEMENT OF OPERATIONS Pro Forma Combined Statement of Operations

Exhibit 99.1 (a) 3

 

Pro Forma Combined Statement of Operations

For the Year Ended May 30, 2003

Unaudited

(in thousands, except per share data)

 

          NDCHealth

    ArcLight

   

Pro Forma

Adjustments (b)


   

Pro Forma

NDCHealth


 

Revenues

        $ 429,606     $ 3,405     $ (5,429 )(1,2)   $ 427,582  

Operating expenses

          339,727       29,280       (10,007 )(1,2,3)     359,000  
         


 


 


 


Operating income

          89,879       (25,875 )     4,578       68,582  
         


 


 


 


Other income (expense)

          (34,954 )     739       (739 )(1)     (34,954 )
         


 


 


 


Income before income taxes, equity in losses of affiliated companies and discontinued operation

          54,925       (25,136 )     3,839       33,628  

Provision for income taxes

          22,975       —         (7,667 )(4)     15,308  
         


 


 


 


Income before equity in losses of affiliated companies and discontinued operations

          31,950       (25,136 )     11,506       18,320  

Equity in losses of affiliated companies

          (1,348 )     —         —         (1,348 )
         


 


 


 


Income before discontinued operations

          30,602       (25,136 )     11,506       16,972  
         


 


 


 


Discontinued operations

          —         78,656       (78,656 )(1)     —    
         


 


 


 


Net income

        $ 30,602     $ 53,520     $ (67,150 )   $ 16,972  
         


 


 


 


Basic earnings per share

        $ 0.88                     $ 0.49  
         


                 


Number of Shares

          34,591                 (5)     34,972  

Diluted earnings per share

        $ 0.88                 (5)   $ 0.48  
         


                 


Number of Shares

          34,941                       35,322  

 

The accompanying notes are an integral part of this Pro Forma Combined Statement of Income.