Exhibit 99.1(b) 2
CONSOLIDATED STATEMENTS OF OPERATIONS
NDCHealth Corporation and Subsidiaries
(In thousands, except per share data)
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| Nine Months Ended |
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| February 28, |
| March 1, |
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Revenues: |
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Information management |
| $ | 114,694 |
| $ | 110,226 |
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Network services and systems |
| 199,681 |
| 144,291 |
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Divested businesses |
| — |
| 4,360 |
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|
| 314,375 |
| 258,877 |
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Operating expenses: |
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Cost of service |
| 156,881 |
| 127,356 |
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Sales, general and administrative |
| 64,555 |
| 57,592 |
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Depreciation and amortization |
| 22,952 |
| 18,426 |
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Restructuring, impairment and other charges |
| 2,283 |
| — |
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|
| 246,671 |
| 203,374 |
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Operating income |
| 67,704 |
| 55,503 |
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Other income (expense): |
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Interest and other income |
| 1,088 |
| 1,140 |
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Interest and other expense |
| (14,682 | ) | (7,156 | ) | ||
Minority interest in losses |
| 1,216 |
| 1,680 |
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Loss related to investments |
| (14,955 | ) | — |
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Early extinguishment of debt charges |
| (2,359 | ) | — |
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| (29,692 | ) | (4,336 | ) | ||
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Income (loss) before income taxes and equity in losses of affiliated companies: |
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Information management |
| 18,354 |
| 17,562 |
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Network services and systems |
| 36,972 |
| 34,175 |
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Other |
| (17,314 | ) | (570 | ) | ||
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|
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| 38,012 |
| 51,167 |
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Provision for income taxes |
| 16,886 |
| 18,420 |
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Income (loss) before equity in losses of affiliated companies |
| 21,126 |
| 32,747 |
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Equity in losses of affiliated companies |
| (984 | ) | (1,750 | ) | ||
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Net income |
| $ | 20,142 |
| $ | 30,997 |
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Basic earnings per share: |
| $ | 0.58 |
| $ | 0.91 |
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Shares |
| 34,561 |
| 34,045 |
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Diluted earnings per share: |
| $ | 0.58 |
| $ | 0.87 |
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Shares |
|
| 34,923 |
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| 35,595 |
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