Exhibit 99.1 (b) 8
Consolidated Statement of Income (Unaudited)
NATIONAL DATA CORPORATION
(in thousands)
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FY99 FY 00 FY01
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Total Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Year
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Revenues:
Information
management $135,658 $32,410 $ 35,621 $33,746 $ 35,359 $137,136 $32,988 $35,005 $37,195 $39,144 $144,332
Network services
and systems 135,135 38,749 35,590 37,957 39,848 152,144 47,257 48,428 51,037 52,899 199,621
Divested
businesses 68,203 14,561 13,816 14,165 13,851 56,393 5,629 233 - - 5,862
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338,996 85,720 85,027 85,868 89,058 345,673 85,874 83,666 88,232 92,043 349,815
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Operating expenses:
Cost of service 179,654 43,878 47,332 44,893 44,898 181,001 43,340 41,662 45,718 45,693 176,413
Sales, general and
administrative 67,577 17,879 27,620 19,654 20,909 86,062 20,134 18,385 18,653 20,468 77,640
Depreciation and
amortization 29,661 8,140 8,012 6,990 8,692 31,834 8,213 8,683 8,686 9,163 34,745
Non-recurring
charges - - 34,393 - - 34,393 - 2,156 - - 2,156
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276,892 69,897 117,357 71,537 74,499 333,290 71,687 70,886 73,057 75,324 290,954
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Operating income
(loss) 62,104 15,823 (32,330) 14,331 14,559 12,383 14,187 12,780 15,175 16,719 58,861
EBITDA 91,765 23,963 10,075 21,321 23,251 78,610 22,400 23,619 23,861 25,882 95,762
Other income/
(expense) (6,383) (173) 616 (1,639) (10,525) (11,721) (1,942) (1,781) (1,112) (8,264) (13,099)
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Income before
income taxes 55,721 15,650 (31,714) 12,692 4,034 662 12,245 10,999 14,063 8,455 45,762
Income Taxes 21,858 6,017 (10,546) 4,882 1,472 1,825 4,714 4,310 5,414 3,256 17,694
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Net Income
before
Discontinued
Operations 33,863 9,633 (21,168) 7,810 2,562 (1,163) 7,531 6,689 8,649 5,199 28,068
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Discontinued
Operations 37,575 (4,696) 5,700 (6,616) (33,390) (39,002) 8,649 (326) - - 8,323
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Net Income $ 71,438 $ 4,937 $(15,468) $ 1,194 $(30,828) $(40,165) $16,180 $ 6,363 $ 8,649 $ 5,199 $ 36,391
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Basic Shares 33,725 33,876 33,376 32,920 32,755 33,232 32,778 32,889 32,992 33,970 33,009
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Basic earnings
per share $ 2.12 $ 0.15 $ (0.46) $ 0.04 $ (0.94) $ (1.21) $ 0.49 $ 0.19 $ 0.26 $ 0.15 $ 1.10
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Diluted Shares 37,823 35,265 33,376 33,810 32,755 33,232 36,193 34,057 34,348 35,368 34,153
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Diluted earnings
per share $ 2.02 $ 0.14 $ (0.46) $ 0.04 $ (0.94) $ (1.21) $ 0.48 $ 0.19 $ 0.25 $ 0.15 $ 1.07
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