CONSOLIDATED BALANCE SHEETS Exhibit 99.1(b)4
NDCHealth Corporation and Subsidiaries
(In thousands, except share data)
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March 1, May 31,
2002 2001
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ASSETS (Unaudited)
Current assets:
Cash and cash equivalents $ 81,107 $ 12,420
Accounts receivable 67,168 70,648
Allowance for doubtful accounts (5,233) (6,628)
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Accounts receivable, net 61,935 64,020
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Income tax receivable 1,605 2,265
Deferred income taxes 16,736 29,539
Prepaid expenses and other current assets 21,534 18,788
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Total current assets 182,917 127,032
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Property and equipment, net 86,231 82,956
Intangible assets, net 190,828 221,757
Deferred income taxes 10,523 9,886
Investments 89,403 35,591
Other 16,626 10,990
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Total Assets $ 576,528 $ 488,212
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LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term borrowings $ 50,000 $ -
Current portion of long-term debt 178 170
Obligations under capital leases 1,189 2,586
Accounts payable and accrued liabilities 55,009 53,228
Deferred income 18,520 13,624
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Total current liabilities 124,896 69,608
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Long-term debt 151,433 151,567
Obligations under capital leases 2,647 1,108
Other long-term liabilities 18,995 23,044
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Total liabilities 297,971 245,327
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Commitments and contingencies
Minority interest in equity of subsidiaries 10,858 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;
34,155,388 and 33,875,235 shares issued, respectively. 4,269 4,234
Capital in excess of par value 194,638 188,636
Retained earnings 79,564 48,392
Deferred compensation and other (6,076) (7,212)
Cumulative translation adjustment (4,696) (3,583)
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Total shareholders' equity 267,699 230,467
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Total Liabilities and Shareholders' Equity $ 576,528 $ 488,212
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