Exhibit 99.1 (b) 2
CONSOLIDATED STATEMENTS OF OPERATIONS
NDCHealth Corporation and Subsidiaries
(In thousands, except per share data)
Year Ended | ||||||||
May 30, 2003 | May 31, 2002 | |||||||
Revenues: | ||||||||
Information management | $ | 156,753 | $ | 150,399 | ||||
Network services and systems | 272,853 | 198,622 | ||||||
Divested businesses | — | 4,360 | ||||||
429,606 | 353,381 | |||||||
Operating expenses: | ||||||||
Cost of service | 214,574 | 174,944 | ||||||
Sales, general and administrative | 89,214 | 76,961 | ||||||
Depreciation and amortization | 30,881 | 24,374 | ||||||
Restructuring, impairment and other charges | 2,283 | — | ||||||
Acquisition related expense | 2,775 | — | ||||||
339,727 | 276,279 | |||||||
Operating income | 89,879 | 77,102 | ||||||
Other income (expense): | ||||||||
Interest and other income | 1,534 | 1,779 | ||||||
Interest and other expense | (22,108 | ) | (9,693 | ) | ||||
Minority interest in losses | 2,434 | 1,863 | ||||||
Loss related to investments | (14,455 | ) | (41,000 | ) | ||||
Early extinguishment of debt charges | (2,359 | ) | — | |||||
(34,954 | ) | (47,051 | ) | |||||
Income (loss) before income taxes and equity in losses of affiliated companies: | ||||||||
Information management | 24,687 | 25,315 | ||||||
Network services and systems | 47,052 | 46,306 | ||||||
Other | (16,814 | ) | (41,570 | ) | ||||
54,925 | 30,051 | |||||||
Provision for income taxes | 22,975 | 12,877 | ||||||
Income before equity in losses of affiliated companies | 31,950 | 17,174 | ||||||
Equity in losses of affiliated companies | (1,348 | ) | (2,064 | ) | ||||
Net income | $ | 30,602 | $ | 15,110 | ||||
Basic earnings per share: | $ | 0.88 | $ | 0.44 | ||||
Shares | 34,591 | 34,087 | ||||||
Diluted earnings per share: | $ | 0.88 | $ | 0.43 | ||||
Shares | 34,941 | 35,496 |