EX-99.3 4 g16321exv99w3.htm EX-99.3 FINANCIAL GUIDELINES SUMMARY EX-99.3 FINANCIAL GUIDELINES SUMMARY
Exhibit 99.3
FINANCIAL GUIDANCE SUMMARY
2008 Financial Guidance
(in millions, except per share amounts)
                                         
    Nine Months Ended     Quarter Ended     Year Ended  
    September 30, 2008     December 31, 2008     December 31, 2008  
    Actual     Range(d)     Range(d)  
Revenue
  $ 271.2     $ 104.0     $ 108.0     $ 375.2     $ 379.2  
 
                                       
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a)
    62.8       30.0       32.0     $ 92.8       94.8  
 
                                       
Adjusted EBITDA per diluted common share
  $ 1.06     $ 0.50     $ 0.53     $ 1.56     $ 1.59  
 
                             
 
                                       
Interest, taxes, depreciation, amortization and other non-cash items (b)
                                       
Interest income
    8.4       2.2       2.4       10.6       10.8  
Depreciation and amortization
    (21.1 )     (7.6 )     (7.3 )     (28.7 )     (28.4 )
Non-cash advertising
    (1.7 )     (3.0 )     (3.0 )     (4.7 )     (4.7 )
Non-cash stock-based compensation
    (10.8 )     (4.5 )     (4.0 )     (15.3 )     (14.8 )
Impairment of auction rate securities
    (27.4 )                 (27.4 )     (27.4 )
Income tax provision
    (16.4 )     (7.4 )     (8.6 )     (23.7 )     (25.0 )
 
                                       
 
                             
Income from continuing operations and net income
  $ (6.2 )   $ 9.7     $ 11.5     $ 3.6   $ 5.3  
 
                             
 
                                       
Income from continuing operations and net income per common share:
                                       
Basic
  $ (0.11 )   $ 0.17     $ 0.20     $ 0.06   $ 0.09  
 
                             
Diluted
  $ (0.11 )   $ 0.16     $ 0.19     $ 0.06   $ 0.09  
 
                             
 
                                       
Weighted-average shares outstanding used in computing Income from continuing operations and net income per common share:
                                       
Basic
    57.7       58.5       58.5       57.9       57.9  
Diluted
    57.7       60.5       60.5       59.4       59.4  
 
(a)   See Annex A — Explanation of Non-GAAP Financial Measures
 
(b)   Reconciliation of Adjusted EBITDA to net income
 
(c)   Income tax rate for Q4’08 is estimated to be approximately 43% of pretax income. The income tax provision excludes any benefit relating to any reversal in 2008 of the valuation allowance against deferred tax assets.
 
(d)   Excludes the impact of the pending acquisition of Marketing Technology Solutions, Inc.

 


 

FINANCIAL GUIDANCE SUMMARY
2009 Preliminary Financial Guidance
(in millions, except per share amounts)
                 
    Year Ended  
    December 31, 2009  
    Range(d)  
Revenue
  $ 420.0     $ 450.0  
 
               
Earnings before interest, taxes, depreciation, amortization and other non-cash items (“Adjusted EBITDA”) (a)
  $ 107.0       122.0  
 
               
Adjusted EBITDA per diluted common share
  $ 1.73     $ 1.97  
 
           
 
               
Interest, taxes, depreciation, amortization and other non-cash items (b)
               
Interest income
    8.0       10.0  
Depreciation and amortization
    (33.0 )     (30.0 )
Non-cash advertising
    (1.5 )     (1.5 )
Non-cash stock-based compensation
    (28.0 )     (25.0
Income tax provision
    (22.6 )     (32.5 )
 
               
 
           
Income from continuing operations and net income
  $ 29.9     $ 43.0  
 
           
 
               
Income from continuing operations and net income per common share:
               
Basic
  $ 0.51     $ 0.73  
 
           
Diluted
  $ 0.48     $ 0.69  
 
           
 
               
Weighted-average shares outstanding used in computing Income from continuing operations and net income per common share:
               
Basic
    59.0       59.0  
Diluted
    62.0       62.0  
 
(a)   See Annex A — Explanation of Non-GAAP Financial Measures
 
(b)   Reconciliation of Adjusted EBITDA to net income
 
(c)   Income tax rate for 2009 is estimated to be approximately 43% of pretax income. The income tax provision excludes any benefit relating to any reversal in 2009 of the valuation allowance against deferred tax assets.
 
(d)   Excludes the impact of the pending acquisition of Marketing Technology Solutions, Inc.