Exhibit 99.1 (b) 5
CONSOLIDATED BALANCE SHEETS
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except share and per share data)
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May 31, May 31,
2001 2000
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ASSETS
Current assets:
Cash and cash equivalents $ 12,420 $ 1,789
Accounts receivable 70,648 76,325
Allowance for doubtful accounts (6,628) (7,316)
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Accounts receivable, net 64,020 69,009
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Income tax receivable 2,265 1,962
Deferred income taxes 29,539 20,097
Prepaid expenses and other current assets 18,788 13,857
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Total current assets 127,032 106,714
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Property and equipment, net 82,956 69,265
Intangible assets, net 221,757 214,800
Deferred income taxes 9,886 32,247
Investments 35,591 5,948
Other 10,990 4,346
Net assets of discontinued operations - 220,312
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Total Assets $488,212 $653,632
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Line of credit $ - $ 68,500
Current portion of long-term debt 170 159
Obligations under capital leases 2,586 5,803
Accounts payable and accrued liabilities 53,228 55,082
Deferred income 13,624 26,619
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Total current liabilities 69,608 156,163
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Long-term debt 151,567 152,495
Obligations under capital leases 1,108 1,793
Other long-term liabilities 23,044 13,045
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Total liabilities 245,327 323,496
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Commitments and contingencies
Minority interest in equity of subsidiaries 12,418 -
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; 33,875,235
and 33,953,008 shares issued, respectively 4,234 4,244
Capital in excess of par value 188,636 349,387
Treasury stock, at cost, 1,211,880 shares at May 31, 2000 - (31,960)
Retained earnings 48,392 20,763
Deferred compensation (7,101) (7,332)
Unrealized holding loss (111) (1,727)
Cumulative translation adjustment (3,583) (3,239)
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Total shareholders' equity 230,467 330,136
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Total Liabilities and Shareholders' Equity $488,212 $653,632
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Press Release Attachment Page 5