Exhibit 99.1 (b) 6
CONSOLIDATED STATEMENTS OF CASH FLOWS
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands)
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Year Ended May 31,
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2001 2000
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Cash flows from operating activities:
Net income (loss) $ 36,391 $(40,165)
Adjustments to reconcile net income (loss) to cash provided by
operating activities before changes in assets and liabilities:
Non-cash restructuring and impairment charges 930 23,880
(Income) loss from discontinued operations (8,323) 39,002
Depreciation and amortization 34,745 31,834
Deferred income taxes 12,919 (33,106)
Provision for bad debts 846 10,198
Non-cash valuation adjustment in Medscape investment 6,953 9,738
Other, net 54 137
Changes in assets and liabilities which provided (used) cash,
net of the effects of acquisitions:
Accounts receivable, net (3,645) 4,789
Prepaid expenses and other assets (15,539) (325)
Accounts payable and accrued liabilities 10,018 16,712
Deferred income (9,114) (2,685)
Income taxes 1,857 (1,968)
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Net cash provided by operating activities 68,092 58,041
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Cash flows from investing activities:
Capital expenditures (32,915) (26,517)
Business acquisitions, net of acquired cash (23,224) (38,098)
Business divestiture and sale of marketable securities 20,000 6,474
Purchase of investment (18,831) (10,045)
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Net cash used in investing activities (54,970) (68,186)
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Cash flows from financing activities:
Net repayments under lines of credit (68,500) 26,750
Net principal payments under capital lease arrangements
and other long-term debt (4,814) (11,469)
Net issuances (purchases) related to stock activities 7,360 (25,680)
Dividends paid (8,762) (9,937)
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Net cash used in financing activities (74,716) (20,336)
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Net cash provided (used) by discontinued operations (5,375) 30,212
Cash dividend from Global Payments Inc. 77,600 -
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Increase in cash and cash equivalents 10,631 (269)
Cash and cash equivalents, beginning of period 1,789 2,058
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Cash and cash equivalents, end of period $ 12,420 $ 1,789
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