Exhibit 99.1(b) 3
CONSOLIDATED BALANCE SHEETS
NDCHealth Corporation and Subsidiaries
(In thousands, except share data)
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| February 28, |
| May 31, |
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ASSETS |
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Current assets: |
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Cash and cash equivalents |
| $ | 112,138 |
| $ | 13,447 |
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Accounts receivable |
| 81,087 |
| 76,161 |
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Allowance for doubtful accounts |
| (8,631 | ) | (5,710 | ) | ||
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Accounts receivable, net |
| 72,456 |
| 70,451 |
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Income tax receivable |
| 4,369 |
| 2,229 |
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Deferred income taxes |
| 5,294 |
| 19,987 |
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Prepaid expenses and other current assets |
| 27,099 |
| 23,258 |
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Total current assets |
| 221,356 |
| 129,372 |
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Property and equipment, net |
| 116,690 |
| 101,566 |
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Intangible assets, net |
| 380,813 |
| 377,322 |
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Deferred income taxes |
| 13,607 |
| 21,403 |
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Investments |
| 8,100 |
| 13,497 |
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Other |
| 30,226 |
| 15,024 |
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Total Assets |
| $ | 770,792 |
| $ | 658,184 |
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LIABILITIES AND STOCKHOLDERS’ EQUITY |
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Current liabilities: |
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Line of credit |
| $ | — |
| $ | 91,000 |
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Short-term borrowings |
| — |
| 11,906 |
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Current portion of long-term debt |
| 9,819 |
| 963 |
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Obligations under capital leases |
| 1,534 |
| 1,296 |
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Accounts payable and accrued liabilities |
| 79,660 |
| 76,047 |
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Deferred income |
| 20,739 |
| 21,089 |
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Total current liabilities |
| 111,752 |
| 202,301 |
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Long-term debt |
| 322,903 |
| 151,910 |
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Obligations under capital leases |
| 847 |
| 1,779 |
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Deferred income |
| 8,432 |
| — |
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Other long-term liabilities |
| 21,885 |
| 22,592 |
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Total liabilities |
| 465,819 |
| 378,582 |
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Commitments and contingencies |
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Minority interest in equity of subsidiaries |
| 22,463 |
| 21,856 |
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Stockholders’ equity: |
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Preferred stock, par value $1.00 per share; 1,000,000 shares authorized, none issued |
| — |
| — |
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Common stock, par value $.125 per share; 200,000,000 shares authorized;34,828,992 and 34,643,922 shares issued, respectively. |
| 4,354 |
| 4,330 |
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Capital in excess of par value |
| 213,996 |
| 212,026 |
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Retained earnings |
| 70,166 |
| 54,194 |
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Deferred compensation and other |
| (5,874 | ) | (6,743 | ) | ||
Other comprehensive income |
| (132 | ) | (6,061 | ) | ||
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Total stockholders’ equity |
| 282,510 |
| 257,746 |
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Total Liabilities and Stockholders’ Equity |
| $ | 770,792 |
| $ | 658,184 |
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