Exhibit 99.1 (a) 3
Pro Forma Combined Statement of Operations
For the Year Ended May 30, 2003
Unaudited
(in thousands, except per share data)
NDCHealth | ArcLight | Pro Forma Adjustments (b) | Pro Forma NDCHealth | |||||||||||||||
Revenues | $ | 429,606 | $ | 3,405 | $ | (5,429 | )(1,2) | $ | 427,582 | |||||||||
Operating expenses | 339,727 | 29,280 | (10,007 | )(1,2,3) | 359,000 | |||||||||||||
Operating income | 89,879 | (25,875 | ) | 4,578 | 68,582 | |||||||||||||
Other income (expense) | (34,954 | ) | 739 | (739 | )(1) | (34,954 | ) | |||||||||||
Income before income taxes, equity in losses of affiliated companies and discontinued operation | 54,925 | (25,136 | ) | 3,839 | 33,628 | |||||||||||||
Provision for income taxes | 22,975 | — | (7,667 | )(4) | 15,308 | |||||||||||||
Income before equity in losses of affiliated companies and discontinued operations | 31,950 | (25,136 | ) | 11,506 | 18,320 | |||||||||||||
Equity in losses of affiliated companies | (1,348 | ) | — | — | (1,348 | ) | ||||||||||||
Income before discontinued operations | 30,602 | (25,136 | ) | 11,506 | 16,972 | |||||||||||||
Discontinued operations | — | 78,656 | (78,656 | )(1) | — | |||||||||||||
Net income | $ | 30,602 | $ | 53,520 | $ | (67,150 | ) | $ | 16,972 | |||||||||
Basic earnings per share | $ | 0.88 | $ | 0.49 | ||||||||||||||
Number of Shares | 34,591 | (5) | 34,972 | |||||||||||||||
Diluted earnings per share | $ | 0.88 | (5) | $ | 0.48 | |||||||||||||
Number of Shares | 34,941 | 35,322 |
The accompanying notes are an integral part of this Pro Forma Combined Statement of Income.