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WebMD Announces Second Quarter Financial Results
Date:7/30/2009
Diluted 58,632 59,061 58,370 57,664 ======= ======= ======= ======= (a) See Annex A - Explanation of Non-GAAP Financial Measures (b) Reconciliation of Adjusted EBITDA to net income (loss) WEBMD HEALTH CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) June 30, 2009 December 31, 2008 ------------- ----------------- ASSETS Current assets: Cash and cash equivalents $246,878 $191,659 Accounts receivable, net 78,674 93,082 Current portion of prepaid advertising - 1,753 Other current assets 11,147 11,358 Assets of discontinued operations 5,111 12,575 ----- ------ Total current assets 341,810 310,427 Investments 126,330 133,563 Property and equipment, net 54,513 54,165 Goodwill 208,967 208,967 Intangible assets, net 22,878 26,237 Other assets 17,956 22,573 ------ ------ $772,454 $755,932 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accrued expenses $29,273 $31,241 Deferred revenue 86,261 79,613 Due to HLTH
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