EXHIBIT 99.1 UNAUDITED COMBINED STATEMENT OF INCOME (1) NDC eCOMMERCE BUSINESS SEGMENT (TO BE REORGANIZED AS GLOBAL PAYMENTS INC.) (in thousands)
- ----------------------------------------------------------------------------------------------------------------------------------- FY 00 ACTUAL FY 00 PROFORMA -------------------------------------------- ---------------------------------------------- Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total Year -------------------------------------------- ---------------------------------------------- Revenue Merchant Services $84,201 $78,834 $76,325 $78,902 $318,262 $84,201 $78,834 $76,325 $78,902 $318,262 Funds Transfer 5,627 5,340 5,502 5,302 21,771 5,627 5,340 5,502 5,302 21,771 ------- ------- ------- ------- -------- ------- ------- ------- ------- -------- Total 89,828 84,174 81,827 84,204 340,033 89,828 84,174 81,827 84,204 340,033 Operating expenses: Cost of Service 46,022 45,891 44,541 45,025 181,479 46,022 45,891 44,541 45,025 181,479 Sales, general and administrative 23,267 23,008 23,866 25,201 95,342 24,255 24,048 24,777 25,959 99,039 ------- ------- ------- ------- -------- ------- ------- ------- ------- -------- 69,289 68,899 68,407 70,226 276,821 70,277 69,939 69,318 70,984 280,518 ------- ------- ------- ------- -------- ------- ------- ------- ------- -------- Operating income 20,539 15,275 13,420 13,978 63,212 19,551 14,235 12,509 13,220 59,515 EBITDA 25,668 20,375 18,074 19,123 83,240 24,680 19,335 17,163 18,365 79,543 Other income/(expense) Interest and other income 283 361 513 (361) 796 283 361 513 (361) 796 Interest and other expense (1,522) (1,657) (1,626) (1,314) (6,119) (1,680) (1,815) (1,784) (1,473) (6,752) Minority interest in earnings (1,071) (923) (1,031) (1,092) (4,117) (1,071) (923) (1,031) (1,092) (4,117) ------- ------- ------- ------- -------- ------- ------- ------- ------- -------- (2,310) (2,219) (2,144) (2,767) (9,440) (2,468) (2,377) (2,302) (2,926) (10,073) ------- ------- ------- ------- -------- ------- ------- ------- ------- -------- Income before income taxes 18,229 13,056 11,276 11,211 53,772 17,083 11,858 10,207 10,294 49,442 Income Taxes 7,025 5,033 4,346 4,321 20,725 6,583 4,571 3,936 3,968 19,058 ------- ------- ------- ------- -------- ------- ------- ------- ------- -------- Net Income $11,204 $ 8,023 $ 6,930 $ 6,890 $ 33,047 $10,500 $ 7,287 $ 6,271 $ 6,326 $ 30,384 ======= ======= ======= ======= ======== ======= ======= ======= ======= ======== Basic Shares 27,101 26,701 26,336 26,204 26,586 27,101 26,701 26,336 26,204 26,586 Basic Earnings per Share $ 0.41 $ 0.30 $ 0.26 $ 0.26 $ 1.24 $ 0.39 $ 0.27 $ 0.24 $ 0.24 $ 1.14 ======= ======= ======= ======= ======== ======= ======= ======= ======= ======== (1) - Summary Financial Data included in our latest Registration Statement on Form 10 filed on December 28, 2000