Exhibit 99.1 (b) 4
YEAR TO DATE GAAP RESULTS
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except per share data)
- ---------------------------------------------------------------------------------------
Year Ended May 31,
----------------------
2001 2000
----------------------
Revenues:
Information management $144,332 $137,136
Network services and systems 199,621 152,144
Divested businesses 5,862 56,393
---------------------
349,815 345,673
- ---------------------------------------------------------------------------------------
Operating expenses:
Cost of service 176,413 181,001
Sales, general and administrative 77,640 86,062
Depreciation and amortization 34,745 31,834
Restructuring and impairment charges 2,156 34,393
---------------------
290,954 333,290
---------------------
Operating income (loss) 58,861 12,383
- ---------------------------------------------------------------------------------------
Other income (expense):
Interest and other income 755 4,549
Interest and other expense (8,038) (6,532)
Non-cash valuation adjustment in Medscape investment (6,953) (9,738)
Minority interest in loss 1,137 -
---------------------
(13,099) (11,721)
---------------------
Income (loss) before income taxes and discontinued operations 45,762 662
Provision (benefit) for income taxes 17,694 1,825
- ---------------------------------------------------------------------------------------
Income (loss) before discontinued operations 28,068 (1,163)
Discontinued operations - net of tax 8,323 (39,002)
- ---------------------------------------------------------------------------------------
Net income (loss) $ 36,391 $(40,165)
=====================
Basic earnings (loss) per share:
Income (loss) before discontinued operations $ 0.85 $ (0.03)
=====================
Discontinued operations - net of tax $ 0.25 $ (1.17)
=====================
Basic earnings (loss) per share $ 1.10 $ (1.21)
=====================
Diluted earnings (loss) per share:
Income (loss) before discontinued operations $ 0.82 $ (0.03)
=====================
Discontinued operations - net of tax $ 0.24 $ (1.17)
=====================
Diluted earnings (loss) per share $ 1.07 $ (1.21)
=====================
Basic shares 33,009 33,232
=====================
Diluted shares 34,153 33,232
=====================
Press Release Attachment Page 4