EX-99.1 2 g18963exv99w1.htm EX-99.1 EX-99.1
Exhibit 99.1
WebMD Health Corp.
Unaudited Consolidated Statements of Operations of the Registrant
For the Quarters ended March 31, 2008, June 30, 2008, September 30, 2008 and
December 31, 2008 and for the Year ended December 31, 2008
(in thousands, except per share amounts)
                                         
    For the quarter ended,     For the year ended  
    March 31, 2008     June 30, 2008     September 30, 2008     December 31, 2008     December 31, 2008  
 
                                       
Revenue
  $ 80,650     $ 86,004     $ 96,797     $ 110,091     $ 373,542  
 
                                       
Costs and expenses:
                                       
Cost of operations
    30,927       31,968       34,225       38,018       135,138  
Sales and marketing
    25,149       24,898       26,021       30,012       106,080  
General and administrative
    13,480       14,211       14,774       14,170       56,635  
Depreciation and amortization
    6,672       7,087       7,056       7,106       27,921  
Interest income
    3,453       2,350       2,616       2,033       10,452  
Impairment of auction rate securities
    27,406                         27,406  
Restructuring
                      2,910       2,910  
 
                             
Income (loss) from continuing operations
                                       
before income tax provision (benefit)
    (19,531 )     10,190       17,337       19,908       27,904  
Income tax provision (benefit)
    3,432       4,501       7,375       (13,097 )     2,211  
 
                             
Income (loss) from continuing operations
    (22,963 )     5,689       9,962       33,005       25,693  
Income (loss) from discontinued operations
    (372 )     663       804       (86 )     1,009  
 
                             
Net income (loss)
  $ (23,335 )   $ 6,352     $ 10,766     $ 32,919     $ 26,702  
 
                             
 
                                       
Basic income (loss) per share:
                                       
Income (loss) from continuing operations
  $ (0.40 )   $ 0.10     $ 0.17     $ 0.57     $ 0.45  
Income (loss) from discontinued operations
    (0.00 )     0.01       0.02       (0.00 )     0.01  
 
                             
Net income (loss)
  $ (0.40 )   $ 0.11     $ 0.19     $ 0.57     $ 0.46  
 
                             
 
                                       
Diluted income (loss) per share:
                                       
Income (loss) from continuing operations
  $ (0.40 )   $ 0.10     $ 0.17     $ 0.57     $ 0.44  
Income (loss) from discontinued operations
    (0.00 )     0.01       0.01       (0.01 )     0.01  
 
                             
Net income (loss)
  $ (0.40 )   $ 0.11     $ 0.18     $ 0.56     $ 0.45  
 
                             
 
                                       
Weighted-average shares outstanding used in
                                       
computing income (loss) per common share:
                                       
Basic
    57,636       57,693       57,770       57,771       57,717  
 
                             
Diluted
    57,636       59,061       59,111       58,384       58,925