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WebMD Announces Fourth Quarter Financial Results
Date:2/18/2010

(a) See Annex A-Explanation of Non-GAAP Financial Measures. (b) Reconciliation of Adjusted EBITDA to consolidated income from continuing operations. For the prior year periods, weighted-average shares outstanding used in computing income per common share have been adjusted by multiplying the historical weighted-average shares outstanding for HLTH Corporation by the 0.4444 exchange ratio in the Merger. Additionally, basic and diluted income per common share have been recalculated to reflect the adjusted weighted-average shares outstanding for the prior year periods presented. For the 2009 periods, these adjustments apply to the portion of each period prior to the completion of the Merger on October 23, 2009 and the actual outstanding shares were used following the completion of the Merger. WEBMD HEALTH CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) December 31, --------------- 2009 2008 ---- ---- Assets ------ Cash and cash equivalents $459,766 $629,848 Accounts receivable, net 118,155 93,082 Prepaid expenses and other current assets 11,419 18,644 Investments 9,932 - Deferred tax asset -
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