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HLTH Corporation Announces First Quarter Financial Results
Date:5/6/2008

derives some benefit from such advertising and that such expenses will

recur in the future.

-- Interest Income and Expense. Interest income is associated with the

level of marketable debt securities and other interest bearing accounts

in which HLTH invests, as well as with interest expenses arising from

the capital structure of HLTH. Interest income and expense varies over

time due to a variety of financing transactions and due to acquisitions

and divestitures that HLTH has entered into or may enter into in the

future. HLTH has, in the past several years, issued convertible

debentures and preferred stock, repurchased shares in cash tender

offers and through other repurchase transactions, conducted an initial

public offering of equity in its WebMD subsidiary and completed the

divestiture of certain businesses. HLTH excludes interest income and

interest expense from Adjusted EBITDA (i) because these items are not

directly attributable to the performance of HLTH's business operations

and, accordingly, their exclusion assists management and investors in

making period-to-period comparisons of operating performance and (ii)

to assist management and investors in making comparisons to companies

with different capital structures. Investors should note that interest

income and expense will recur in future periods.

-- Income Tax Provision. HLTH had a net operating loss (NOL) carryforward

of approximately $1.3 billion as of the year ended December 31, 2007.

HLTH maintained a full valuation allowance on these NOL carryforwards

until the fourth quarter of 2007, at which time a portion of the

valuation allowance was reversed after consideration of the relevant

factors. The related valuation allowances are either reversed through

the income stateme
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SOURCE HLTH Corporation
Copyright©2008 PR Newswire.
All rights reserved

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