EX-99.2 3 g00923exv99w2.htm EX-99.2 SCHEDULES ACCOMPANYING EXHIBIT 99.1 EX-99.2 SCHEDULES ACCOMPANYING EXHIBIT 99.1
 

EXHIBIT 99.2
Q1 2006 Preliminary Consolidated Financial Results
(in millions, except per share amounts)
                 
    Range for Q1 2006  
Revenue
  $ 338.0     $ 339.0  
 
               
Adjusted EBITDA per diluted share
  $ 0.18     $ 0.18  
 
               
Reconciliation of Adjusted EBITDA per diluted share to Net Income per diluted share:
               
Interest expense
  $     $  
Depreciation and amortization
    0.06       0.06  
Non-cash stock-based compensation
    0.04       0.04  
Non-cash advertising
    0.01       0.01  
Income tax provision
    0.02       0.01  
Minority interest in WebMD Health Corp.
           
 
               
     
Net income per diluted share
  $ 0.05     $ 0.06  
     

 


 

2006 Consolidated Financial Guidance Summary
(in millions, except per share amounts)
                 
    Range for FY 2006  
Revenue
  $ 1,380.0     $ 1,430.0  
 
               
Earnings before interest, taxes, non-cash and other items (“Adjusted EBITDA”)
  $ 225.0     $ 255.0  
 
               
Reconciliation of Adjusted EBITDA per diluted share to Net Income per diluted share:
               
Interest expense
  $ 3.0     $ 4.0  
Depreciation and amortization
    75.5       80.1  
Non-cash stock-based compensation
    48.0       50.0  
Non-cash advertising
    7.3       7.5  
Income tax provision
    21.0       22.6  
Legal expense
    0.5       0.5  
Minority interest in WebMD Health Corp.
    (0.3 )     0.3  
     
Net income
  $ 70.0     $ 90.0  
     
 
               
Adjusted EBITDA per diluted share
  $ 0.75     $ 0.85  
 
               
Net income per diluted share
  $ 0.23     $ 0.30  
Notes:
  *   The 2006 guidance includes estimated expenses for Q1 2006, but does not reflect any projected expenses related to the on-going Department of Justice Investigation.
 
  *   Adjusted EBITDA per diluted share and net income per diluted share are both calculated on an assumed share count of approximately 299 million.
 
  *   Non-cash stock-based compensation expense considers the January 1, 2006 adoption of SFAS 123R, “Share-Based Payment.”
 
  *   The 2006 Guidance does not include the impact of the acquisition of Summex Corp. announced by WebMD Health on Monday, April 17, 2006.