EX-99.1A4 6 dex991a4.htm PRO FORMA COMBINED STATEMENT OF OPERATIONS FOR THE SIX MONTHS Pro Forma Combined Statement of Operations for the Six Months

Exhibit 99.1 (a) 4

 

Pro Forma Combined Statement of Operations

For the Six Months Ended November 28, 2003

Unaudited

(in thousands, except per share data)

 

          NDCHealth
     ArcLight
    

Pro Forma

Adjustments (b)

    

Pro Forma

NDCHealth

  

Revenues

         $ 224,125     $ 238     $ (886 )(2)   $ 223,477  

Operating expenses

           183,099       16,834       (5,309 )     194,624  
         
 
 
 

Operating income

           41,026       (16,596 )     4,423  (1,2,3)     28,853  
         
 
 
 

Other income (expense)

           (14,369 )     260       (260 )(1)     (14,369 )
         
 
 
 

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

           26,657       (16,336 )     4,163       14,484  

Provision for income taxes

           9,986       —         (4,565 )(4)     5,421  
         
 
 
 

Income before equity in losses of affiliated companies and discontinued operations

           16,671       (16,336 )     8,728       9,063  

Equity in losses of affiliated companies

           (583 )     —         —         (583 )
         
 
 
 

Income before discontinued operations

           16,088       (16,336 )     8,728       8,480  
         
 
 
 

Discontinued operations

           —         674       (674 )(1)     —    
         
 
 
 

Net income

         $ 16,088     $ (15,662 )   $ 8,054     $ 8,480  
         
 
 
 

Basic earnings per share

         $ 0.46                     $ 0.24  
         
                 

Number of Shares

           34,785                  (5)     35,166  

Diluted earnings per share

         $ 0.45                     $ 0.24  
         
                 

Number of Shares

           35,367                  (5)     35,748  

 

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