EXHIBIT 99.1(b)2
GAAP
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
NATIONAL DATA CORPORATION AND SUBSIDIARIES
(In thousands, except per share data)
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Three Months Ended August 31,
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2001 2000
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Revenues:
Information management $34,513 $31,298
Network services and systems 53,843 48,947
Divested businesses - 5,629
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88,356 85,874
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Operating expenses:
Cost of service 41,835 43,340
Sales, general and administrative 20,986 20,134
Depreciation and amortization 6,581 8,213
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69,402 71,687
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Operating income 18,954 14,187
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Other income (expense):
Interest and other income 351 17
Interest and other expense (2,320) (1,959)
Minority interest in loss 326 -
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(1,643) (1,942)
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Income before income taxes and discontinued operations 17,311 12,245
Provision for income taxes 6,232 4,714
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Income before discontinued operations 11,079 7,531
Discontinued operations, net of income taxes - 8,649
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Net income $11,079 $16,180
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Basic earnings per share:
Income before discontinued operations $ 0.33 $ 0.23
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Discontinued operations $ - $ 0.26
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Basic earnings per share $ 0.33 $ 0.49
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Shares 33,937 32,778
Diluted earnings per share:
Income before discontinued operations $ 0.31 $ 0.23
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Discontinued operations $ - $ 0.26
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Diluted earnings per share $ 0.31 $ 0.48
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Shares 39,670 36,193