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Exhibit 99
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Stockholders of CheckFree Corporation and
Subsidiaries:
We have audited the consolidated financial statements of CheckFree Corporation
and subsidiaries as of June 30, 2000 and 2001, and for the years ended June 30,
1999, 2000 and 2001, and have issued our report thereon dated August 3, 2001;
such financial statements and report are included in your 2001 annual report to
stockholders and are incorporated herein by reference. Our audits also included
the financial statement schedule of CheckFree Corporation and subsidiaries,
listed in Item 14. This financial statement schedule is the responsibility of
the Corporation's management. Our responsibility is to express an opinion based
on our audits. In our opinion, such financial statement schedule, when
considered in relation to the basic consolidated financial statements taken as a
whole, presents fairly in all material respects the information set forth
therein.
/s/ Deloitte & Touche LLP
Atlanta, Georgia
August 3, 2001
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VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED JUNE 30, 1999, 2000 AND 2001
BALANCE AS AMOUNT CHARGES TO
OF ASSUMED IN COSTS AND CHARGES TO
BEGINNING BUSINESS EXPENSES OTHER BALANCE AS OF END
OF PERIOD COMBINATION DEDUCTIONS DEDUCTIONS OF PERIOD
------------ ----------- ---------- ---------- ---------- -----------------
Allowance for Doubtful Accounts
1999 ................. 3,470 309 1,246 - 595 4,430
2000 ................. 4,430 268 2,615 - 3,310 4,003
2001 ................. 4,003 -- 50 - 1,090 2,963
Reserve for Returns and Chargebacks
1999 ................. 1,944 -- 1,932 - 2,212 1,664
2000 ................. 1,664 -- 4,212 - 3,471 2,405
2001 ................. 2,405 -- 3,847 - 1,589 4,663