Exhibit 99.1(b)5
CONSOLIDATED BALANCE SHEETS
NDCHealth Corporation and Subsidiaries
(In thousands, except share data)
May 31, 2002 | May 31, 2001 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 13,447 | $ | 12,420 | ||||
Accounts receivable | 76,161 | 70,648 | ||||||
Allowance for doubtful accounts | (5,710 | ) | (6,628 | ) | ||||
Accounts receivable, net | 70,451 | 64,020 | ||||||
Income tax receivable | 2,229 | 2,265 | ||||||
Deferred income taxes | 19,987 | 29,539 | ||||||
Prepaid expenses and other current assets | 23,258 | 18,788 | ||||||
Total current assets | 129,372 | 127,032 | ||||||
Property and equipment, net | 101,566 | 82,956 | ||||||
Intangible assets, net | 377,322 | 221,757 | ||||||
Deferred income taxes | 8,703 | 11,828 | ||||||
Investments | 54,497 | 29,798 | ||||||
Other | 15,024 | 10,990 | ||||||
Total Assets | $ | 686,484 | $ | 484,361 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Line of credit | $ | 91,000 | $ | — | ||||
Short-term borrowings | 11,906 | — | ||||||
Current portion of long-term debt | 593 | 170 | ||||||
Obligations under capital leases | 1,666 | 2,586 | ||||||
Accounts payable and accrued liabilities | 76,047 | 53,228 | ||||||
Deferred income | 21,089 | 13,624 | ||||||
Total current liabilities | 202,301 | 69,608 | ||||||
Long-term debt | 151,910 | 151,567 | ||||||
Obligations under capital leases | 1,779 | 1,108 | ||||||
Other long-term liabilities | 22,592 | 23,044 | ||||||
Total liabilities | 378,582 | 245,327 | ||||||
Commitments and contingencies | ||||||||
Minority interest in equity of subsidiaries | 21,856 | 12,418 | ||||||
Shareholders' equity: | ||||||||
Preferred stock, par value $1.00 per share; 1,000,000 shares authorized, none issued | — | — | ||||||
Common stock, par value $.125 per share; 200,000,000 shares authorized; 34,643,922 and 33,875,235 shares issued, respectively. | 4,330 | 4,234 | ||||||
Capital in excess of par value | 212,026 | 188,636 | ||||||
Retained earnings | 82,494 | 44,541 | ||||||
Deferred compensation and other | (6,743 | ) | (7,101 | ) | ||||
Other comprehensive income | (6,061 | ) | (3,694 | ) | ||||
Total shareholders' equity | 286,046 | 226,616 | ||||||
Total Liabilities and Shareholders' Equity | $ | 686,484 | $ | 484,361 | ||||