EX-99.2 3 g18963exv99w2.htm EX-99.2 EX-99.2
Exhibit 99.2
WebMD Health Corp.
Supplemental Non-GAAP Financial Information 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)
                                         
    For the quarter ended,     For the year ended  
    March 31, 2008     June 30, 2008     September 30, 2008     December 31, 2008     December 31, 2008  
 
                                       
Revenue:
                                       
Advertising and sponsorship
  $ 56,482     $ 62,728     $ 72,438     $ 85,576     $ 277,224  
Licensing
    21,923       21,866       22,139       23,198       89,126  
Print
    2,245       1,410       2,220       1,317       7,192  
 
                             
 
  $ 80,650     $ 86,004     $ 96,797     $ 110,091     $ 373,542  
 
                             
 
                                       
Earnings before interest, taxes, non-cash and other items (“Adjusted EBITDA”) (a)
  $ 16,332     $ 18,392     $ 25,467     $ 33,909     $ 94,100  
 
                                       
Interest, taxes, non-cash and other items (b)
                                       
Interest income
    3,453       2,350       2,616       2,033       10,452  
Depreciation and amoritization
    (6,672 )     (7,087 )     (7,056 )     (7,106 )     (27,921 )
Non-cash advertising
    (1,558 )           (178 )     (3,361 )     (5,097 )
Non-cash stock-based compensation
    (3,680 )     (3,465 )     (3,512 )     (2,657 )     (13,314 )
Impairment of auction rate securities
    (27,406 )                       (27,406 )
Restructuring
                      (2,910 )     (2,910 )
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  
 
                             
 
(a)   See Annex A — Explanation of Non-GAAP Financial Measures
 
(b)   Reconciliation of Non-GAAP measure to net income (loss)