The following selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and with the consolidated financial statements and notes thereto, which are included in Exhibits 99.2 and 99.3.
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| | Years Ended December 31,(1)(5) | |
| | 2008 | | | 2007 | | | 2006(2)(3)(4) | | | 2005 | | | 2004 | |
| | (In thousands, except per share data) | |
|
Consolidated Statements of Operations Data: | | | | | | | | | | | | | | | | | | | | |
Revenue | | $ | 373,462 | | | $ | 319,232 | | | $ | 899,585 | | | $ | 842,660 | | | $ | 802,444 | |
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Cost of operations | | | 135,138 | | | | 114,000 | | | | 542,723 | | | | 525,405 | | | | 510,661 | |
Sales and marketing | | | 106,080 | | | | 91,035 | | | | 116,258 | | | | 101,939 | | | | 111,834 | |
General and administrative | | | 88,053 | | | | 102,661 | | | | 130,056 | | | | 116,589 | | | | 105,042 | |
Depreciation and amortization | | | 28,410 | | | | 27,808 | | | | 44,073 | | | | 43,013 | | | | 38,611 | |
Interest income | | | 35,300 | | | | 42,035 | | | | 32,339 | | | | 21,527 | | | | 18,708 | |
Interest expense | | | 26,428 | | | | 25,887 | | | | 25,472 | | | | 18,442 | | | | 19,249 | |
Gain on sale of EBS Master LLC | | | 538,024 | | | | — | | | | — | | | | — | | | | — | |
Impairment of auction rate securities | | | 60,108 | | | | — | | | | — | | | | — | | | | — | |
Restructuring | | | 7,416 | | | | — | | | | — | | | | — | | | | — | |
Gain on 2006 EBS Sale | | | — | | | | 399 | | | | 352,297 | | | | — | | | | — | |
Other (expense) income, net | | | (5,949 | ) | | | 3,406 | | | | (4,252 | ) | | | (27,965 | ) | | | (13,308 | ) |
| | | | | | | | | | | | | | | | | | | | |
Income from continuing operations before income tax provision (benefit) | | | 489,204 | | | | 3,681 | | | | 421,387 | | | | 30,834 | | | | 22,447 | |
Income tax provision (benefit) | | | 26,638 | | | | (9,053 | ) | | | 50,033 | | | | (2,461 | ) | | | 3,995 | |
Equity in earnings of EBS Master LLC | | | 4,007 | | | | 28,566 | | | | 763 | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | |
Consolidated income from continuing operations | | | 466,573 | | | | 41,300 | | | | 372,117 | | | | 33,295 | | | | 18,452 | |
Consolidated income (loss) from discontinued operations, net of tax | | | 94,682 | | | | (18,048 | ) | | | 393,527 | | | | 34,170 | | | | 18,159 | |
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Consolidated net income inclusive of noncontrolling interest | | | 561,255 | | | | 23,252 | | | | 765,644 | | | | 67,465 | | | | 36,611 | |
Income attributable to noncontrolling interest | | | (1,032 | ) | | | (10,667 | ) | | | (405 | ) | | | (775 | ) | | | — | |
| | | | | | | | | | | | | | | | | | | | |
Net income attributable to HLTH stockholders | | $ | 560,223 | | | $ | 12,585 | | | $ | 765,239 | | | $ | 66,690 | | | $ | 36,611 | |
| | | | | | | | | | | | | | | | | | | | |
Amounts attributable to HLTH stockholders: | | | | | | | | | | | | | | | | | | | | |
Income from continuing operations | | $ | 465,725 | | | $ | 31,845 | | | $ | 371,844 | | | $ | 32,725 | | | $ | 18,452 | |
Income (loss) from discontinued operations | | | 94,498 | | | | (19,260 | ) | | | 393,395 | | | | 33,965 | | | | 18,159 | |
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Net income attributable to HLTH stockholders | | $ | 560,223 | | | $ | 12,585 | | | $ | 765,239 | | | $ | 66,690 | | | $ | 36,611 | |
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Basic income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
Income from continuing operations | | $ | 2.66 | | | $ | 0.18 | | | $ | 1.33 | | | $ | 0.10 | | | $ | 0.06 | |
Income (loss) from discontinued operations | | | 0.54 | | | | (0.11 | ) | | | 1.41 | | | | 0.10 | | | | 0.05 | |
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Net income attributable to HLTH stockholders | | $ | 3.20 | | | $ | 0.07 | | | $ | 2.74 | | | $ | 0.20 | | | $ | 0.11 | |
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Diluted income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
Income from continuing operations | | $ | 2.19 | | | $ | 0.16 | | | $ | 1.20 | | | $ | 0.09 | | | $ | 0.06 | |
Income (loss) from discontinued operations | | | 0.42 | | | | (0.10 | ) | | | 1.18 | | | | 0.10 | | | | 0.05 | |
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Net income attributable to HLTH stockholders | | $ | 2.61 | | | $ | 0.06 | | | $ | 2.38 | | | $ | 0.19 | | | $ | 0.11 | |
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Weighted-average shares outstanding used in computing net income (loss) per common share: | | | | | | | | | | | | | | | | | | | | |
Basic | | | 174,928 | | | | 179,330 | | | | 279,234 | | | | 341,747 | | | | 320,080 | |
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Diluted | | | 220,127 | | | | 188,763 | | | | 331,642 | | | | 352,852 | | | | 333,343 | |
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