Exhibit 99.2.2
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
NATIONAL DATA CORPORATION
Restatement of Income for Discontinued Operations
(In thousands, except per share data)
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FY 1999 FY 2000
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Qtr1 Qtr 2 Qtr 3 Qtr 4 Total Qtr1 Qtr 2 Qtr 3
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Revenue $163,738 $162,989 $165,437 $176,883 $669,047 $175,548 $169,201 $167,695
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Operating expenses:
Cost of service 79,593 80,696 78,513 82,455 321,259 83,719 87,057 83,101
Sales, general and administrative 50,835 51,385 53,491 53,300 209,009 55,467 64,806 56,843
Non-recurring charge 0 0 0 0 0 0 34,393 0
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130,428 132,081 132,004 135,755 530,268 139,186 186,256 139,944
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Operating income 33,310 30,908 33,433 41,128 138,779 36,362 (17,055) 27,751
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Other income (expense):
Interest and other income 530 844 336 535 2,284 1,669 2,722 600
Interest and other expense (3,597) (3,803) (3,601) (3,892) (14,932) (3,081) (3,402) (3,352)
Minority interest (995) (817) (834) (1,163) (3,809) (1,071) (923) (1,031)
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(4,062) (3,776) (4,099) (4,520) (16,457) (2,483) (1,603) (3,783)
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Income before income taxes and
discontinued operations 29,248 27,132 29,334 36,608 122,322 33,879 (18,658) 23,968
Provision for income taxes 11,408 10,581 11,440 13,697 47,124 13,042 (5,513) 9,228
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Income before discontinued
operations $ 17,840 $ 16,551 $ 17,894 $ 22,911 $ 75,198 $ 20,837 $(13,145) $ 14,740
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Discontinued operations (1,517) (814) 792 (2,220) (3,761) (15,900) (2,323) (13,546)
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Net income $ 16,323 $ 15,737 $ 18,686 $ 20,691 $ 71,437 $ 4,937 $(15,468) $ 1,194
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Basic earnings before discontinued
operations (1) $ 0.53 $ 0.49 $ 0.53 $ 0.68 $ 2.23 $ 0.62 $ (0.39) $ 0.45
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Discontinued operations (1) $ (0.04) $ (0.02) $ 0.02 $ (0.07) $ (0.11) $ (0.47) $ (0.07) $ (0.41)
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Basic earnings per share (1) $ 0.48 $ 0.47 $ 0.55 $ 0.61 $ 2.12 $ 0.15 $ (0.46) $ 0.04
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Diluted earnings before discontinued
operations (1) $ 0.51 $ 0.48 $ 0.50 $ 0.64 $ 2.11 $ 0.58 $ (0.39) $ 0.44
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Discontinued operations (1) $ (0.04) $ (0.02) $ 0.02 $ (0.07) $ (0.11) $ (0.47) $ (0.07) $ (0.41)
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Diluted earnings per share (1) $ 0.47 $ 0.45 $ 0.52 $ 0.58 $ 2.02 $ 0.14 $ (0.46) $ 0.04
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(1) Note: See the specific share counts utilized in earnings per share on
Exhibit 99.2.4