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HLTH Corporation Announces Third Quarter Financial Results
Date:10/30/2008
cquired through
business combinations. The timing of such reversals has not been
consistent and as a result, HLTH's income tax expense can fluctuate
significantly from period to period in a manner not directly related to
HLTH's operating performance. HLTH excludes the income tax
provision from Adjusted EBITDA (i) because it believes that the income
tax provision is not directly attributable to the underlying performance
of HLTH's business operations and, accordingly, its 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 tax attributes.
Investors should note that income tax provision will recur in future
periods.
-- Minority Interest in WHC. This represents the minority
stockholders' proportionate share of net income or loss of
HLTH's majority-owned WebMD Health Corp. subsidiary (which we refer
to as WHC). The size of this Minority Interest is related to
HLTH's percentage ownership of WHC. Changes in that percentage
ownership may result from changes in WHC's capital structure,
including as a result of sales of WHC equity securities by WHC or HLTH
or as a result of exercise of WHC employee stock options. HLTH excludes
Minority Interest from Adjusted EBITDA (i) because it believes that the
size of the Minority Interest can vary for reasons not attributable to
the underlying performance of HLTH's business operations and,
accordingly, its 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 str
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| SOURCE HLTH Corporation Copyright©2008 PR Newswire. All rights reserved |
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