Exhibit 99.1(b) 5
UNAUDITED CONSOLIDATED BALANCE SHEETS
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except share and per share data)
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February 28, May 31,
2001 2000
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ASSETS
Current assets:
Cash and cash equivalents $ 26,051 $ 1,789
Accounts receivable 65,138 73,025
Allowance for doubtful accounts (6,908) (7,316)
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Accounts receivable, net 58,230 65,709
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Income tax receivable 21,744 1,962
Deferred income taxes - 20,097
Prepaid expenses and other current assets 19,895 13,857
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Total current assets 125,920 103,414
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Property and equipment, net 80,313 69,265
Intangible assets, net 226,480 214,800
Deferred income taxes 16,327 32,247
Investments 36,449 5,948
Other 7,740 4,346
Net assets of discontinued operations - 220,312
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Total Assets $493,229 $650,332
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current
liabilities:
Line of credit $ - $ 68,500
Current portion of long-term debt 168 159
Obligations under capital leases 4,118 5,803
Accounts payable and accrued liabilities 53,673 55,082
Accrued spinoff related liabilities 6,484 -
Deferred income taxes 464 -
Deferred income 20,208 23,319
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Total current liabilities 85,115 152,863
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Long-term debt 152,384 152,495
Obligations under capital leases 1,450 1,793
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Other long-term liabilities 15,395 13,045
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Total liabilities 254,344 320,196
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Commitments and contingencies
Minority interest in equity of subsidiaries 12,830 -
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; 33,827,690
and 33,953,008 shares issued, respectively 4,228 4,244
Capital in excess of par value 208,589 349,387
Treasury stock, at cost, 868,426 and 1,211,880 shares, respectively (22,903) (31,960)
Retained earnings 44,546 20,763
Deferred compensation (2,626) (7,332)
Unrealized holding loss (4,137) (1,727)
Cumulative translation adjustment (1,642) (3,239)
Total shareholders' equity 226,055 330,136
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Total Liabilities and Shareholders' Equity $493,229 $650,332
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Press Release Attachment Page 5