Exhibit 99.1(b)3
GAAP
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
NDCHealth Corporation and Subsidiaries
(In thousands, except per share data)
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Nine Months Ended
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March 1, February 28,
2002 2001
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Revenues:
Information management $ 110,957 $ 100,557
Network services and systems 166,568 151,353
Divested businesses - 5,862
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277,525 257,772
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Operating expenses:
Cost of service 134,011 130,720
Sales, general and administrative 65,126 57,172
Depreciation and amortization 18,426 25,582
Restructuring and impairment charges - 2,156
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217,563 215,630
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Operating income 59,962 42,142
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Other income (expense):
Interest and other income 1,140 131
Interest and other expense (7,156) (5,690)
Minority interest in losses 1,680 724
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(4,336) (4,835)
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Income before income taxes, equity in losses of affiliated companies, and
discontinued operations:
Information management 16,762 13,174
Network services and systems 38,864 26,005
Other - (1,872)
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55,626 37,307
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Provision for income taxes 20,025 14,438
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Income before equity in losses of affiliated companies
and discontinued operations 35,601 22,869
Equity in losses of affiliated companies (340) -
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Income before discontinued operations 35,261 22,869
Discontinued operations, net of income taxes - 8,323
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Net income $ 35,261 $ 31,192
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Basic earnings per share:
Income before discontinued operations $ 1.04 $ 0.70
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Discontinued operations $ - $ 0.25
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Basic earnings per share $ 1.04 $ 0.95
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Shares 34,045 32,879
Diluted earnings per share:
Income before discontinued operations $ 0.98 $ 0.67
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Discontinued operations $ - $ 0.25
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Diluted earnings per share $ 0.98 $ 0.92
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Shares 39,735 33,936