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HLTH Corporation Announces Fourth Quarter Financial Results
Date:2/19/2009

(In thousands, unaudited) Years Ended December 31, ------------------- 2008 2007 -------- -------- Cash flows from operating activities: Net income $565,289 $19,879 Adjustments to reconcile net income to net cash provided by operating activities: (Income) loss from discontinued operations, net of tax (93,492) 22,198 Depreciation and amortization 28,780 28,256 Minority interest in WHC 1,032 10,667 Equity in earnings of EBS Master LLC (4,007) (28,566) Non-cash interest expense, net 1,944 2,916 Non-cash advertising 5,097 5,264 Non-cash stock-based compensation 24,790 32,652 Deferred income taxes 10,617 (10,136) Gain on sale of EBS Master LLC (538,024) - Gain on 2006 EBS Sale - (399) Impairment of auction rate securities 60,108 - Changes in operating assets and liabilities: Accounts receivable (8,059) 3,840 Prepaid expenses and other, net 1,892 5,329 Accrued expenses and other long-term liabilities 5,908 (44,318) Deferred revenue 4,088 314
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