Exhibit 99.1(b)3
UNAUDITED CONSOLIDATED BALANCE SHEETS
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except share and per share data)
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November 30, May 31,
2000 2000
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ASSETS
Current assets:
Cash and cash equivalents $ 7,286 $ 1,789
Accounts receivable 61,648 73,025
Allowance for doubtful accounts (6,243) (7,316)
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Accounts receivable, net 55,405 65,709
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Income tax receivable 28,867 1,962
Deferred income taxes 298 20,097
Prepaid expenses and other current assets 17,275 13,857
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Total current assets 109,131 103,414
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Property and equipment, net 79,130 69,265
Intangible assets, net 217,275 214,800
Deferred income taxes 15,565 32,247
Investments 36,322 5,948
Other 9,539 4,346
Net assets of discontinued operations 205,702 220,312
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Total Assets $ 672,664 $ 650,332
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Line of credit $ 57,000 $ 68,500
Current portion of long-term debt 164 159
Obligations under capital leases 5,362 5,803
Accounts payable and accrued liabilities 57,183 55,082
Accrued spinoff related liabilities 10,819 -
Deferred income 23,899 23,319
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Total current liabilities 154,427 152,863
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Long-term debt 152,425 152,495
Obligations under capital leases 1,607 1,793
Other long-term liabilities 15,016 13,045
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Total liabilities 323,475 320,196
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Commitments and contingencies
Shareholders' equity:
Preferred stock, par value $1.00 per share; 1,000,000 shares authorized, none issued - -
Common stock, par value $.125 per share; 200,000,000 shares authorized; 33,953,008
shares issued 4,244 4,244
Capital in excess of par value 348,174 349,387
Treasury stock, at cost, 1,019,859 and 1,211,880 shares, respectively (26,897) (31,960)
Retained earnings 38,375 20,763
Deferred compensation (6,798) (7,332)
Unrealized holding loss (4,264) (1,727)
Cumulative translation adjustment (3,645) (3,239)
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Total shareholders' equity 349,189 330,136
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Total Liabilities and Shareholders' Equity $ 672,664 $ 650,332
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