Exhibit 99.1 (b) 2
GAAP
CONSOLIDATED STATEMENTS OF INCOME
NDCHealth Corporation and Subsidiaries
(In thousands, except per share data)
Year Ended | ||||||||
May 31, 2002 | May 31, 2001 | |||||||
Revenues: | ||||||||
Information management | $ | 150,399 | $ | 136,616 | ||||
Network services and systems | 198,622 | 176,015 | ||||||
Divested businesses | 4,360 | 24,421 | ||||||
353,381 | 337,052 | |||||||
Operating expenses: | ||||||||
Cost of service | 174,944 | 168,691 | ||||||
Sales, general and administrative | 76,961 | 77,640 | ||||||
Depreciation and amortization | 24,374 | 34,745 | ||||||
Restructuring and impairment charges | — | 2,156 | ||||||
276,279 | 283,232 | |||||||
Operating income | 77,102 | 53,820 | ||||||
Other income (expense): | ||||||||
Interest and other income | 1,779 | 755 | ||||||
Interest and other expense | (9,693 | ) | (8,038 | ) | ||||
Valuation adjustment in Medscape investment | — | (6,953 | ) | |||||
Minority interest in losses | 1,863 | 1,137 | ||||||
(6,051 | ) | (13,099 | ) | |||||
Income before income taxes, equity in losses of affiliated companies, and discontinued operations: | ||||||||
Information management | 25,315 | 18,225 | ||||||
Network services and systems | 46,306 | 31,068 | ||||||
Other | (570 | ) | (8,572 | ) | ||||
71,051 | 40,721 | |||||||
Provision for income taxes | 25,577 | 15,753 | ||||||
Income before equity in losses of affiliated companies and discontinued operations: | 45,474 | 24,968 | ||||||
Equity in losses of affiliated companies, net of income taxes | (2,064 | ) | (751 | ) | ||||
Income before discontinued operations | 43,410 | 24,217 | ||||||
Discontinued operations, net of income taxes | — | 8,323 | ||||||
Net income | $ | 43,410 | $ | 32,540 | ||||
Basic earnings per share: | ||||||||
Income before discontinued operations | $ | 1.27 | $ | 0.73 | ||||
Discontinued operations | $ | — | $ | 0.25 | ||||
Basic earnings per share | $ | 1.27 | $ | 0.99 | ||||
Shares | 34,087 | 33,009 | ||||||
Diluted earnings per share: | ||||||||
Income before discontinued operations | $ | 1.22 | $ | 0.71 | ||||
Discontinued operations | $ | — | $ | 0.24 | ||||
Diluted earnings per share | $ | 1.22 | $ | 0.95 | ||||
Shares | 39,636 | 34,153 |