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The Advisory Board Company Reports Fiscal Year 2009 Second Quarter Results

mpensation 6,177 10,032

Total current liabilities 171,576 171,491

Long-term deferred revenue 15,236 9,682

Other long-term liabilities 1,312 1,412

Total liabilities 188,124 182,585

Stockholders' equity:

Common stock 217 215

Additional paid-in capital 228,758 217,170

Retained earnings 124,757 113,024

Accumulated elements of comprehensive

income (118) 1,540

Treasury stock (252,727) (209,420)

Total stockholders' equity 100,887 122,529

Total liabilities and stockholders'

equity $289,011 $305,114



(In thousands)

Six Months Ended

September 30,

2008 2007

Cash flows from operating activities:

Net income $11,733 $15,617

Adjustments to reconcile net income to

net cash provided by operating


Depreciation and amortization 2,410 1,650

Amortization of intangible assets 402 122

Deferred income taxes 797 7,316

Excess tax benefits from stock-based awards (291) (3,140)


SOURCE The Advisory Board Company
Copyright©2008 PR Newswire.
All rights reserved

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