UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS Exhibit 99.1 (b)5
NDCHealth Corporation and Subsidiaries
(In thousands)
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Nine Months Ended
March 1, February 28,
2002 2001
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Cash flows from operating activities:
Net income $ 35,261 $ 31,192
Adjustments to reconcile net income to cash provided by
operating activities:
Equity in losses of affiliated companies 340 -
Non-cash restructuring and impairment charges - 930
Income from discontinued operations - (8,323)
Depreciation and amortization 18,426 25,582
Deferred income taxes 3,908 36,017
Provision for bad debts 1,552 490
Other, net (364) 718
Changes in assets and liabilities which provided (used) cash, net of the
effects of acquisitions:
Accounts receivable, net (2,018) (481)
Prepaid expenses and other assets (4,482) (8,929)
Accounts payable and accrued liabilities (4,459) (6,643)
Deferred income 4,695 760
Income taxes 667 (15,720)
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Net cash provided by operating activities 53,526 55,593
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Cash flows from investing activities:
Capital expenditures (23,398) (25,177)
Business acquisitions, net of acquired cash (2,800) (23,224)
Business divestiture - 20,000
Investments and other non-current assets (17,556) (18,092)
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Net cash used in investing activities (43,754) (46,493)
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Cash flows from financing activities:
Net short-term borrowings (repayments) 50,000 (68,500)
Net principal payments under capital lease arrangements
and other long-term debt (2,135) (2,126)
Net issuances related to stock activities 6,192 5,292
Dividends paid (4,089) (7,409)
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Net cash provided by (used in) financing activities 49,968 (72,743)
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Cash flows from discontinued operations:
Cash provided by tax benefits of discontinued operations 15,596 -
Cash (used in) provided by discontinued operations (6,649) 10,305
Cash dividend from Global Payments Inc. - 77,60
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Net cash provided by discontinued operations 8,947 87,905
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Increase in cash and cash equivalents 68,687 24,262
Cash and cash equivalents, beginning of period 12,420 1,789
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Cash and cash equivalents, end of period $ 81,107 $ 26,051
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