Ndchealth (NDC) 8-K Ndchealth Announces Pricing and Increase In Size for Refinancing Plan

EXHIBIT 99.2 (b)

PRO FORMA COMBINED STATEMENT OF OPERATIONS

For the Year Ended May 31, 2002
Unaudited
(in thousands, except per share data)

								PRO FORMA						PRO FORMA
								ADJUSTMENTS			PRO FORMA			ADJUSTMENTS			PRO FORMA
		NDCHEALTH			TECHRX			(A)			NDCHEALTH			(B)			NDCHEALTH
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
			353,381			45,637			(8,876	)		390,142			—			390,142
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
			276,279			69,183			(11,424	)		334,038			—			334,038
Operating income (loss)			77,102			(23,546	)		2,548			56,104			—			56,104
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
			(47,051	)		(1,225	)		8,096			(40,180	)		(21,588	)		(61,768	)
Income (loss) before income taxes and equity in losses of affiliated companies			30,051			(24,771	)		10,644			15,924			(21,588	)		(5,664	)
Provision for income taxes			12,877			60			3,832	(6)		16,769			(7,772	)(3)		8,997
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	)
Net income (loss)		$	15,110		$	(24,831	)	$	8,326		$	(1,395	)	$	(13,816	)	$	(15,211	)
Basic earnings (loss) per share		$	0.44								$	(0.04	)				$	(0.44	)
	Number of shares		34,087									34,489						34,489
Diluted earnings (loss) per share		$	0.43								$	(0.04	)				$	(0.44	)
	Number of shares		35,496									34,489						34,489

See notes to the pro forma Combined Statement of Operations.