EXHIBIT 99.2 (b)
PRO FORMA COMBINED STATEMENT OF OPERATIONS
For the Year Ended May 31, 2002
Unaudited
(in thousands, except per share data)
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| | | | | | | | | | | | PRO FORMA | | | | | | PRO FORMA | | | | |
| | | | | | | | | | | | ADJUSTMENTS | | PRO FORMA | | ADJUSTMENTS | | PRO FORMA |
| | | | NDCHEALTH | | TECHRX | | (A) | | NDCHEALTH | | (B) | | NDCHEALTH |
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Revenues: | | | | | | | | | | | | | | | | | | | | | | | | |
| Information management | | $ | 150,399 | | | $ | — | | | $ | — | | | $ | 150,399 | | | $ | — | | | $ | 150,399 | |
| Network services and systems | | | 198,622 | | | | 45,637 | | | | (8,876 | )(1) | | | 235,383 | | | | — | | | | 235,383 | |
| Divested businesses | | | 4,360 | | | | — | | | | — | | | | 4,360 | | | | — | | | | 4,360 | |
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| | | 353,381 | | | | 45,637 | | | | (8,876 | ) | | | 390,142 | | | | — | | | | 390,142 | |
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Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | |
| Cost of service | | | 174,944 | | | | 38,154 | | | | (6,840 | )(1) | | | 206,258 | | | | — | | | | 206,258 | |
| Sales, general and administrative | | | 76,961 | | | | 12,545 | | | | — | | | | 89,506 | | | | — | | | | 89,506 | |
| Depreciation and amortization | | | 24,374 | | | | 7,996 | | | | (4,584 | )(1,5) | | | 27,786 | | | | — | | | | 27,786 | |
| Restructuring and impairment charges | | | — | | | | 10,488 | | | | — | | | | 10,488 | | | | — | | | | 10,488 | |
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| | | 276,279 | | | | 69,183 | | | | (11,424 | ) | | | 334,038 | | | | — | | | | 334,038 | |
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Operating income (loss) | | | 77,102 | | | | (23,546 | ) | | | 2,548 | | | | 56,104 | | | | — | | | | 56,104 | |
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Other income (expense): | | | | | | | | | | | | | | | | | | | | | | | | |
| Interest and other income | | | 1,779 | | | | 168 | | | | (352 | )(1) | | | 1,595 | | | | — | | | | 1,595 | |
| Interest and other expense | | | (9,693 | ) | | | (1,393 | ) | | | (762 | )(1,4) | | | (11,848 | ) | | | (21,588 | )(1,2) | | | (33,436 | ) |
| Valuation adjustment | | | (41,000 | ) | | | — | | | | — | | | | (41,000 | ) | | | — | | | | (41,000 | ) |
| Minority interest in losses | | | 1,863 | | | | — | | | | 9,210 | (2) | | | 11,073 | | | | — | | | | 11,073 | |
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| | | (47,051 | ) | | | (1,225 | ) | | | 8,096 | | | | (40,180 | ) | | | (21,588 | ) | | | (61,768 | ) |
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Income (loss) before income taxes and equity in losses of affiliated companies | | | 30,051 | | | | (24,771 | ) | | | 10,644 | | | | 15,924 | | | | (21,588 | ) | | | (5,664 | ) |
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Provision for income taxes | | | 12,877 | | | | 60 | | | | 3,832 | (6) | | | 16,769 | | | | (7,772 | )(3) | | | 8,997 | |
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Income (loss) before equity in losses of affiliated companies | | | 17,174 | | | | (24,831 | ) | | | 6,812 | | | | (845 | ) | | | (13,816 | ) | | | (14,661 | ) |
Equity in losses of affiliated companies | | | (2,064 | ) | | | — | | | | 1,514 | (3) | | | (550 | ) | | | — | | | | (550 | ) |
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Net income (loss) | | $ | 15,110 | | | $ | (24,831 | ) | | $ | 8,326 | | | $ | (1,395 | ) | | $ | (13,816 | ) | | $ | (15,211 | ) |
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Basic earnings (loss) per share | | $ | 0.44 | | | | | | | | | | | $ | (0.04 | ) | | | | | | $ | (0.44 | ) |
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| Number of shares | | | 34,087 | | | | | | | | | | | | 34,489 | | | | | | | | 34,489 | |
Diluted earnings (loss) per share | | $ | 0.43 | | | | | | | | | | | $ | (0.04 | ) | | | | | | $ | (0.44 | ) |
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| Number of shares | | | 35,496 | | | | | | | | | | | | 34,489 | | | | | | | | 34,489 | |
See notes to the pro forma Combined Statement of Operations.