EX - 99.1
Unaudited Restated Income Statement Information
Consolidated Concord EFS, Inc.
(in thousands, except earnings per share data)
3 months 3 months 3 months 3 months Year
ended ended ended ended ended
3/31/99 6/30/99 9/30/99 12/31/99 12/31/99
--------- --------- --------- --------- ---------
Revenue $182,335 $208,217 $231,253 $268,136 $889,941
Cost of Operations 128,484 146,974 162,838 193,445 631,741
Selling, General
& Administrative 14,941 15,194 15,988 15,202 61,325
Merger &
Acquisition Charges 34,810 - - 1,379 36,189
--------- --------- --------- --------- ---------
OPERATING INCOME 4,100 46,049 52,427 58,110 160,686
Interest income 5,282 5,521 7,071 9,856 27,730
Interest expense (3,533) (3,611) (1,484) (2,781) (11,409)
--------- --------- --------- --------- ---------
INCOME BEFORE TAXES 5,849 47,959 58,014 65,185 177,007
Income taxes 7,051 16,862 20,442 22,682 67,037
--------- --------- --------- --------- ---------
NET INCOME (LOSS) $ (1,202) $ 31,097 $ 37,572 $ 42,503 $109,970
========= ========= ========= ========= =========
Per Share Data:
Basic earnings
(loss) per share ($0.01) $0.15 $0.18 $0.20 $0.53
========= ========= ========= ========= =========
Diluted earnings
(loss) per share ($0.01) $0.15 $0.17 $0.19 $0.51
========= ========= ========= ========= =========
Weighted average
basic shares
outstanding 200,746 202,339 213,884 214,521 207,872
========= ========= ========= ========= =========
Weighted average
diluted shares
outstanding 208,350 209,823 220,660 221,589 215,117
========= ========= ========= ========= =========
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Unaudited Restated Income Statement Information
Consolidated Concord EFS, Inc.
(in thousands, except earnings per share data)
3 months 3 months
ended ended
3/31/00 6/30/00
--------- ---------
Revenue $262,444 $294,941
Cost of Operations 195,490 216,680
Selling, General
& Administrative 14,508 14,024
Merger &
Acquisition Charges 776 -
--------- ---------
OPERATING INCOME 51,670 64,237
Interest income 9,210 10,255
Interest expense (2,064) (2,236)
--------- ---------
INCOME BEFORE TAXES 58,816 72,256
--------- ---------
Income taxes 20,898 25,782
--------- ---------
NET INCOME $ 37,918 $ 46,474
========= =========
Per Share Data:
Basic earnings
per share $0.18 $0.22
========= =========
Diluted earnings
per share $0.17 $0.21
========= =========
Weighted average
basic shares
outstanding 214,665 214,811
========= =========
Weighted average
diluted shares
outstanding 219,998 221,570
========= =========
