Exhibit 99.1(b) 1
CONSOLIDATED STATEMENTS OF OPERATIONS
NDCHealth Corporation and Subsidiaries
(In thousands, except per share data)
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| Three Months Ended |
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| February 28, |
| March 1, |
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Revenues: |
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Information management |
| $ | 41,020 |
| $ | 38,943 |
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Network services and systems |
| 67,987 |
| 50,218 |
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Divested businesses |
| — |
| 107 |
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| 109,007 |
| 89,268 |
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Operating expenses: |
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Cost of service |
| 53,130 |
| 44,410 |
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Sales, general and administrative |
| 22,341 |
| 19,344 |
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Depreciation and amortization |
| 7,842 |
| 5,948 |
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Restructuring, impairment and other charges |
| 2,283 |
| — |
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| 85,596 |
| 69,702 |
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Operating income |
| 23,411 |
| 19,566 |
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Other income (expense): |
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Interest and other income |
| 343 |
| 445 |
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Interest and other expense |
| (7,766 | ) | (2,511 | ) | ||
Minority interest in losses |
| 185 |
| 607 |
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Loss related to investments |
| (14,955 | ) | — |
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Early extinguishment of debt charges |
| (1,438 | ) | — |
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| (23,631 | ) | (1,459 | ) | ||
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Income (loss) before income taxes and equity in losses of affiliated companies: |
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Information management |
| 6,749 |
| 6,903 |
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Network services and systems |
| 9,424 |
| 11,391 |
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Other |
| (16,393 | ) | (187 | ) | ||
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|
| (220 | ) | 18,107 |
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Provision for income taxes |
| 3,121 |
| 6,518 |
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Income (loss) before equity in losses of affiliated companies |
| (3,341 | ) | 11,589 |
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Equity in losses of affiliated companies |
| (359 | ) | (344 | ) | ||
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Net income (loss) |
| $ | (3,700 | ) | $ | 11,245 |
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Basic earnings (loss) per share: |
| $ | (0.11 | ) | $ | 0.33 |
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Shares |
| 34,623 |
| 34,135 |
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Diluted earnings (loss) per share: |
| $ | (0.11 | ) | $ | 0.31 |
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Shares |
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| 34,623 |
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| 39,721 |
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