Exhibit 99.1 (a) 4
Pro Forma Combined Statement of Operations
For the Six Months Ended November 28, 2003
Unaudited
(in thousands, except per share data)
NDCHealth | ArcLight | Pro Forma Adjustments (b) | Pro Forma NDCHealth | |||||||||||||||
Revenues | $ | 224,125 | $ | 238 | $ | (886 | )(2) | $ | 223,477 | |||||||||
Operating expenses | 183,099 | 16,834 | (5,309 | ) | 194,624 | |||||||||||||
Operating income | 41,026 | (16,596 | ) | 4,423 | (1,2,3) | 28,853 | ||||||||||||
Other income (expense) | (14,369 | ) | 260 | (260 | )(1) | (14,369 | ) | |||||||||||
Income before income taxes, equity in losses of affiliated companies and discontinued operation | 26,657 | (16,336 | ) | 4,163 | 14,484 | |||||||||||||
Provision for income taxes | 9,986 | — | (4,565 | )(4) | 5,421 | |||||||||||||
Income before equity in losses of affiliated companies and discontinued operations | 16,671 | (16,336 | ) | 8,728 | 9,063 | |||||||||||||
Equity in losses of affiliated companies | (583 | ) | — | — | (583 | ) | ||||||||||||
Income before discontinued operations | 16,088 | (16,336 | ) | 8,728 | 8,480 | |||||||||||||
Discontinued operations | — | 674 | (674 | )(1) | — | |||||||||||||
Net income | $ | 16,088 | $ | (15,662 | ) | $ | 8,054 | $ | 8,480 | |||||||||
Basic earnings per share | $ | 0.46 | $ | 0.24 | ||||||||||||||
Number of Shares | 34,785 | (5) | 35,166 | |||||||||||||||
Diluted earnings per share | $ | 0.45 | $ | 0.24 | ||||||||||||||
Number of Shares | 35,367 | (5) | 35,748 |
The accompanying notes are an integral part of this Pro Forma Combined Statement of Income.