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The Advisory Board Company Reports Results For Quarter Ended 12/31/09
Date:2/4/2010

30, 2009.  The Company has recorded all these expenses in the same line items as other compensation paid to the relevant categories of employees.
    
    
                           THE ADVISORY BOARD COMPANY
                          CONSOLIDATED BALANCE SHEETS 
                                 (In thousands) 
    
    
                                                    December 31,    March 31,
                                                        2009          2009
                                                        ----          ----
                                                     (unaudited)
     ASSETS
     Current assets:
       Cash and cash equivalents                       $38,901       $23,746
       Marketable securities                            11,417         8,385
       Membership fees receivable, net                 145,094       116,739
       Prepaid expenses and other current
        assets                                           3,716         5,113
       Deferred income taxes, net                        4,516         3,083
                                                         -----         -----
    
         Total current assets                          203,644       157,066
    
     Property and equipment, net                        22,703        34,156
     Intangible assets, net                              9,868         4,463
     Restricted Cash                                     2,500             -
     Goodwill                                           36,974        24,563
     Deferred incentive compensation and
      other charges                                     36,867        26,737
     Deferred income taxes, net of current
      portion                                           10,926         7,555
     Other non-current assets                            5,000             -
     Marketable securities                              47,768        61,718
                           
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SOURCE The Advisory Board Company
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