EXHIBIT 99.2
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)
NATIONAL DATA CORPORATION
(in thousands)
FY00 FY01 FY02
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Total Total
Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Year Qtr 1
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Revenue--Information
Management............. $131,229 $31,298 $33,917 $35,342 $37,534 $138,091 $34,513
Revenue--Network
Services and Systems... 158,051 48,947 49,516 52,890 54,509 205,862 53,843
Revenue--Other.......... 56,393 5,629 233 -- -- 5,862 --
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Revenue--NDCHealth...... 345,673 85,874 83,666 88,232 92,043 349,815 88,356
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Operating expenses:
Cost of service........ 181,001 43,340 41,662 45,718 45,693 176,413 41,835
Sales, general and
administrative........ 86,062 20,134 18,385 18,653 20,468 77,640 20,986
Depreciation and
amortization.......... 31,834 8,213 8,683 8,686 9,163 34,745 6,581
Non-recurring charges.. 34,393 -- 2,156 -- -- 2,156 --
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333,290 71,687 70,886 73,057 75,324 290,954 69,402
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Operating income--
NDCHealth.............. 12,383 14,187 12,780 15,175 16,719 58,861 18,954
EBITDA.................. 78,610 22,400 23,619 23,861 25,882 95,762 25,535
Other expense........... (11,721) (1,942) (1,781) (1,112) (8,264) (13,099) (1,643)
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IBIT--Information
Management............. 17,728 3,456 4,646 5,072 4,931 18,105 4,118
IBIT--Network Services
and Systems............ 24,781 8,470 8,544 8,991 10,477 36,482 13,193
IBIT--Other............. (41,847) 319 (2,191) -- (6,953) (8,825) --
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Income before income
taxes--NDCHealth....... 662 12,245 10,999 14,063 8,455 45,762 17,311
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Income Taxes............ 1,825 4,714 4,310 5,414 3,256 17,694 6,232
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Net Income before
Discontinued
Operations............. (1,163) 7,531 6,689 8,649 5,199 28,068 11,079
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Discontinued
Operations............. (39,002) 8,649 (326) -- -- 8,323 --
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Net Income.............. $(40,165) $16,180 $ 6,363 $ 8,649 $ 5,199 $ 36,391 $11,079
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Basic Shares............ 33,232 32,778 32,889 32,992 33,970 33,009 33,937
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Basic earnings per
share.................. $ (1.21) $ 0.49 $ 0.19 $ 0.26 $ 0.15 $ 1.10 $ 0.33
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Diluted Shares.......... 33,232 36,193 34,057 34,348 35,368 34,153 39,670
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Diluted earnings per
share.................. $ (1.21) $ 0.48 $ 0.19 $ 0.25 $ 0.15 $ 1.07 $ 0.31
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