Exhibit 99.1 (b)1
CONSOLIDATED STATEMENTS OF OPERATIONS
NDCHealth Corporation and Subsidiaries
(In thousands, except per share data)
Quarter Ended | ||||||||
May 30, 2003 | May 31, 2002 | |||||||
Revenues: | ||||||||
Information management | $ | 42,059 | $ | 40,173 | ||||
Network services and systems | 73,172 | 54,331 | ||||||
115,231 | 94,504 | |||||||
Operating expenses: | ||||||||
Cost of service | 57,693 | 47,588 | ||||||
Sales, general and administrative | 24,659 | 19,369 | ||||||
Depreciation and amortization | 7,929 | 5,948 | ||||||
Acquisition related expense | 2,775 | — | ||||||
93,056 | 72,905 | |||||||
Operating income | 22,175 | 21,599 | ||||||
Other income (expense): | ||||||||
Interest and other income | 446 | 639 | ||||||
Interest and other expense | (7,426 | ) | (2,537 | ) | ||||
Minority interest in losses | 1,218 | 183 | ||||||
Gain (loss) related to investments | 500 | (41,000 | ) | |||||
(5,262 | ) | (42,715 | ) | |||||
Income (loss) before income taxes and equity in losses of affiliated companies: | ||||||||
Information management | 6,333 | 7,753 | ||||||
Network services and systems | 10,080 | 12,131 | ||||||
Other | 500 | (41,000 | ) | |||||
16,913 | (21,116 | ) | ||||||
Provision for income taxes | 6,089 | (5,543 | ) | |||||
Income before equity in losses of affiliated companies | 10,824 | (15,573 | ) | |||||
Equity in losses of affiliated companies | (364 | ) | (314 | ) | ||||
Net income (loss) | $ | 10,460 | $ | (15,887 | ) | |||
Basic earnings (loss) per share: | $ | 0.30 | $ | (0.46 | ) | |||
Shares | 34,682 | 34,260 | ||||||
Diluted earnings (loss) per share: | $ | 0.30 | $ | (0.46 | ) | |||
Shares | 34,992 | 34,260 |