8/8 (ouchie)CheckFree Q4 net shr loss $0.36 vs profit $0.02
First Call/Thomson Financial consensus estimate: loss $0.10
ATLANTA, Aug 8 (Reuters) -
CheckFree Corp. <CKFR.O> and subsidiaries
Consolidated Condensed Statements of Operations
(Unaudited)
(In thousands, except per share data)
Three Months Ended Twelve Months Ended
June 30, June 30,
2000 1999 2000 1999
Revenues:
Processing and servicing
$72,191 $55,591 $261,621 $201,059
License fees 6,523 5,970 16,818 15,975
Maintenance fees5,181 4,432 18,752 17,746
Other 4,605 4,759 13,004 15,351
Total Revenues 88,500 70,752 310,195 250,131
Expenses:
Cost of processing, servicing and support
48,856 39,132 182,540 146,704
Research and development
11,355 4,546 35,631 21,085
Sales, marketing and
royalties 15,260 10,409 44,782 32,354
General and administrative
12,094 9,910 40,931 31,466
Depreciation and
amortization 19,041 6,629 42,830 24,630
In process research and
development 6,900 --- 6,900 2,201
Total Expenses
113,506 70,626 353,614 258,440
Net gain on dispositions of
assets --- 662 --- 4,576
Income (loss) from
operations (25,006) 788 (43,419) (3,733)
Interest, net (255) 483 (338) 2,181
Income (loss) before income
taxes (25,261) 1,271 (43,757) (1,552)
Income tax expense
(benefit) (4,719) 413 (11,437) (12,009)
Net income
(loss) $(20,542) $858 $(32,320) $10,457
Basic earnings (loss) per share:
Net income (loss) per common
share $(0.36) $0.02 $(0.61) $0.20
Equivalent number
of shares 56,721 51,695 53,364 52,444
Diluted earnings (loss) per share:
Net income (loss) per common share
$(0.36) $0.02 $(0.61) $0.18
Equivalent number of shares
56,721 56,839 53,364 56,529
Net income (loss) excluding in process research and
development, charges associated with BlueGill intangible
assets, recalled secondary offering, service disruption, real
estate transactions, corporate entity structuring, losses and
charges related to divested products and net gain on
dispositions of assets
$(5,065) $2,841 $(16,843) $1,994
Diluted net income (loss) per common share excluding items
$(0.09) $0.05 $(0.32) $0.04
Diluted shares outstanding assuming no
anti-dilution 56,721 56,839 53,364 56,529
((--New York Equities desk 212-859-1700))
REUTERS
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