Exhibit 99.1 (b) 2
Q4 GAAP RESULTS
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except per share data)
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Three Months Ended May 31,
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2001 2000
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Revenues:
Information management $39,144 $ 35,359
Network services and systems 52,899 39,848
Divested businesses - 13,851
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92,043 89,058
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Operating expenses:
Cost of service 45,693 44,898
Sales, general and administrative 20,468 20,909
Depreciation and amortization 9,163 8,692
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75,324 74,499
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Operating income 16,719 14,559
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Other income (expense):
Interest and other income 624 719
Interest and other expense (2,348) (1,506)
Non-cash valuation adjustment in Medscape investment (6,953) (9,738)
Minority interest in loss 413 -
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(8,264) (10,525)
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Income before income taxes and discontinued operations 8,455 4,034
Provision for income taxes 3,256 1,472
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Income before discontinued operations 5,199 2,562
Discontinued operations - net of tax - (33,390)
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Net income (loss) $ 5,199 $ (30,828)
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Basic earnings (loss) per share:
Income before discontinued operations $ 0.15 $ 0.08
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Discontinued operations - net of tax $ - $ (1.02)
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Basic earnings (loss) per share $ 0.15 $ (0.94)
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Diluted earnings (loss) per share:
Income before discontinued operations $ 0.15 $ 0.08
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Discontinued operations - net of tax $ - $ (1.02)
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Diluted earnings (loss) per share $ 0.15 $ (0.94)
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Basic shares 33,970 32,755
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Diluted shares 35,368 32,755
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