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WebMD Announces First Quarter Financial Results
Date:5/6/2008

Year Ended

March 31,

2008 2007

Cash flows from operating activities:

Net income (loss) $(23,335) $706

Adjustments to reconcile net income to

net cash provided by operating activities:

Loss from discontinued operations, net

of tax - 29

Depreciation and amortization 6,785 5,991

Non-cash advertising 1,558 2,320

Non-cash stock-based compensation 3,712 5,363

Deferred income taxes 2,415 78

Impairment of auction rate securities 27,406 -

Changes in operating assets and

liabilities:

Accounts receivable 12,220 2,185

Other assets (164) (66)

Accrued expenses and other

long-term liabilities (8,949) (11,545)

Due to HLTH 1,329 228

Deferred revenue 11,714 7,678

Net cash provided by

continuing operations 34,691 12,967

Net cash provided by

discontinued operations - 54

Net cash provided by

operating activities 34,691 13,021

Cash flows from investing activities:

Proceeds from maturities and sales

of available-for-sale securities 40,350 28,122

Purchases of available-for-sale

securities
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SOURCE WebMD Health Corp.
Copyright©2008 PR Newswire.
All rights reserved

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