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This excerpt taken from the WBMD 10-Q filed May 10, 2007. Charges
from the Company to Emdeon:
Revenue: We sell certain of our products and
services to Emdeon businesses. These amounts are included in
revenue during the three and six months ended June 30,
2006. We charge Emdeon rates comparable to those charged to
third parties for similar products and services.
Advertising Expense: We allocated costs to
Emdeon in 2005 based on its utilization of our advertising
services. We no longer allocate any advertising expense to
Emdeon, or other businesses of Emdeon, related to any
advertising that promotes the WebMD brand. Our portion of the
advertising services utilized is included in sales and marketing
expense within the accompanying consolidated statements of
operations, and is reported net of amounts charged to Emdeon.
Charges from Emdeon to the Company:
Corporate Services: We are charged a services
fee (the “Services Fee”) for costs related to
corporate services provided to us by Emdeon. The services that
Emdeon provides include certain administrative services,
including payroll, accounting, tax planning and compliance,
employee benefit plans, legal matters and information
processing. In addition, we reimburse Emdeon for an allocated
portion of certain expenses that Emdeon incurs for outside
services and similar items, including insurance fees, outside
personnel, facilities costs, professional fees, software
maintenance fees and telecommunications costs. Emdeon has agreed
to make the services available to us for up to 5 years
following the IPO. These expense allocations were determined on
a basis that we and Emdeon consider to be a reasonable
assessment of the cost of providing these services, exclusive of
any profit margin. The basis we and Emdeon used to determine
these expense allocations required management to make certain
judgments and assumptions. These cost allocations are reflected
in the table
Table of Contents
below under the caption “Corporate services —
shared services allocation”. Prior to the IPO, the Services
Fee also included costs identified for dedicated employees
managed centrally by Emdeon for certain of its functions across
all of its segments. This portion of the Services Fee charged
for dedicated employees included a charge for their salaries,
plus an overhead charge for these employees calculated based on
a pro rata portion of their salaries to total salaries within
the function. The amount reflected in the table below under the
caption “Corporate services — specific
identification” reflects the costs for these employees
through their date of transfer. The Services Fee is reflected in
general and administrative expense within our consolidated
statements of operations.
Healthcare Expense: We are charged for our
employees’ participation in Emdeon’s healthcare plans.
Healthcare expense is charged based on the number of our total
employees and reflects Emdeon’s average cost of these
benefits per employee. Healthcare expense is reflected in the
accompanying consolidated statements of operations in the same
expense captions as the related salary costs of those employees.
Stock-Based Compensation Expense: Stock-based
compensation expense is related to stock option issuances and
restricted stock awards of Emdeon’s Common Stock that have
been granted to certain of our employees. Stock-based
compensation expense is allocated on a specific employee
identification basis. The expense is reflected in our
consolidated statements of operations in the same expense
captions as the related salary costs of those employees. The
allocation of stock-based compensation expense related to
Emdeon’s Common Stock is recorded as additional paid-in
capital.
The following table summarizes the allocations reflected in our
consolidated financial statements:
This excerpt taken from the WBMD 10-K filed May 10, 2007. Charges
from the Company to Emdeon:
Revenue: The Company sells certain of its
products and services to Emdeon businesses. These amounts are
included in revenue during the years ended December 31,
2006 and 2005. The Company charges Emdeon rates comparable to
those charged to third parties for similar products and services.
Advertising Expense: During 2004 and 2005, the
Company allocated costs to Emdeon based on its utilization of
the Company’s advertising services. This charge included a
proportional allocation based on the number of Emdeon operating
segments identified in each advertisement and an allocation of
cost to Emdeon for the promotion of the WebMD brand prior to
Emdeon’s name change. On August 5, 2005, Emdeon and
other businesses of Emdeon began to use “Emdeon” as
their primary brand, instead of “WebMD.” Accordingly,
the Company no longer allocates any advertising expense to
Emdeon, or other businesses of
WEBMD
HEALTH CORP.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Emdeon, related to any advertising that promotes the WebMD
brand. The Company’s portion of the advertising services
utilized is included in sales and marketing expense within the
accompanying consolidated statements of operations, and is
reported net of amounts charged to Emdeon.
This excerpt taken from the WBMD 10-Q filed May 10, 2007. Charges
from Emdeon to the Company:
Corporate Services: We are charged a services
fee (the “Services Fee”) for costs related to
corporate services provided to us by Emdeon. The services that
Emdeon provides include certain administrative services,
including payroll, accounting, tax planning and compliance,
employee benefit plans, legal matters and information
processing. In addition, we reimburse Emdeon for an allocated
portion of certain expenses that Emdeon incurs for outside
services and similar items, including insurance fees, outside
personnel, facilities costs, professional fees, software
maintenance fees and telecommunications costs. Emdeon has agreed
to make
Table of Contents
the services available to us for up to 5 years following
the IPO. These expense allocations were determined on a basis
that we and Emdeon consider to be a reasonable assessment of the
cost of providing these services, exclusive of any profit
margin. The basis we and Emdeon used to determine these expense
allocations required management to make certain judgments and
assumptions. These cost allocations are reflected in the table
below under the caption “Corporate services —
shared services allocation”. Prior to the IPO, the Services
Fee also included costs identified for dedicated employees
managed centrally by Emdeon for certain of its functions across
all of its segments. This portion of the Services Fee charged
for dedicated employees included a charge for their salaries,
plus an overhead charge for these employees calculated based on
a pro rata portion of their salaries to total salaries within
the function. The amount reflected in the table below under the
caption “Corporate services — specific
identification” reflects the costs for these employees
through their date of transfer. The Services Fee is reflected in
general and administrative expense within our consolidated
statements of operations.
Healthcare Expense: We are charged for our
employees’ participation in Emdeon’s healthcare plans.
Healthcare expense is charged based on the number of our total
employees and reflects Emdeon’s average cost of these
benefits per employee. Healthcare expense is reflected in the
accompanying consolidated statements of operations in the same
expense captions as the related salary costs of those employees.
Stock-Based Compensation Expense: Stock-based
compensation expense is related to stock option issuances and
restricted stock awards of Emdeon’s Common Stock that have
been granted to certain of our employees. Stock-based
compensation expense is allocated on a specific employee
identification basis. The expense is reflected in our
consolidated statements of operations in the same expense
captions as the related salary costs of those employees. The
allocation of stock-based compensation expense related to
Emdeon’s Common Stock is recorded as additional paid-in
capital.
The following table summarizes the allocations reflected in our
consolidated financial statements:
This excerpt taken from the WBMD 10-Q filed May 10, 2007. Charges
from Emdeon to the Company:
Corporate Services: We are charged a services
fee (the “Services Fee”) for costs related to
corporate services provided to us by Emdeon. The services that
Emdeon provides include certain administrative services,
including payroll, accounting, tax planning and compliance,
employee benefit plans, legal matters and information
processing. In addition, we reimburse Emdeon for an allocated
portion of certain expenses that Emdeon incurs for outside
services and similar items, including insurance fees, outside
personnel, facilities costs, professional fees, software
maintenance fees and telecommunications costs. Emdeon has agreed
to make the services available to us for up to 5 years
following the IPO. These expense allocations were determined on
a basis that we and Emdeon consider to be a reasonable
assessment of the cost of providing these services, exclusive of
any profit margin. The basis we and Emdeon used to determine
these expense allocations required management to make certain
judgments and assumptions. These cost allocations are reflected
in the table below under the caption “Corporate
services — shared services allocation”. The
Services Fee is reflected in general and administrative expense
within our consolidated statements of operations.
Healthcare Expense: We are charged for our
employees’ participation in Emdeon’s healthcare plans.
Healthcare expense is charged based on the number of our total
employees and reflects Emdeon’s average cost of these
benefits per employee. Healthcare expense is reflected in the
accompanying consolidated statements of operations in the same
expense captions as the related salary costs of those employees.
Stock-Based Compensation Expense: Stock-based
compensation expense is related to stock option issuances and
restricted stock awards of Emdeon’s Common Stock that have
been granted to certain of our employees. Stock-based
compensation expense is allocated on a specific employee
identification basis. The expense is reflected in our
consolidated statements of operations in the same expense
captions as the related salary costs of those employees. The
allocation of stock-based compensation expense related to
Emdeon’s Common Stock is recorded as a capital contribution
in additional paid-in capital.
The following table summarizes the allocations reflected in our
consolidated financial statements:
This excerpt taken from the WBMD 10-K filed Mar 2, 2007. Charges
from the Company to Emdeon:
Revenue: The Company sells certain of its
products and services to Emdeon businesses. These amounts are
included in revenue during the years ended December 31,
2006 and 2005. The Company charges Emdeon rates comparable to
those charged to third parties for similar products and services.
Advertising Expense: During 2004 and 2005, the
Company allocated costs to Emdeon based on its utilization of
the Company’s advertising services. This charge included a
proportional allocation based on the number of Emdeon operating
segments identified in each advertisement and an allocation of
cost to Emdeon for the promotion of the WebMD brand prior to
Emdeon’s name change. On August 5, 2005, Emdeon and
other businesses of Emdeon began to use “Emdeon” as
their primary brand, instead of “WebMD.” Accordingly,
the Company no longer allocates any advertising expense to
Emdeon, or other businesses of Emdeon, related to any
advertising that promotes the WebMD brand. The Company’s
portion of the
Table of Contents
WEBMD
HEALTH CORP.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
advertising services utilized is included in sales and marketing
expense within the accompanying consolidated statements of
operations, and is reported net of amounts charged to Emdeon.
This excerpt taken from the WBMD 10-Q filed Nov 13, 2006. Charges
from Emdeon to the Company:
Corporate Services: We are charged a services
fee (the “Services Fee”) for costs related to
corporate services provided to us by Emdeon. The services that
Emdeon provides include certain administrative services,
including payroll, accounting, tax planning and compliance,
employee benefit plans, legal matters and information
processing. In addition, we reimburse Emdeon for an allocated
portion of certain expenses that Emdeon incurs for outside
services and similar items, including insurance fees, outside
personnel, facilities costs, professional fees, software
maintenance fees and telecommunications costs. Emdeon has agreed
to make the services available to us for up to 5 years
following the IPO. These expense allocations were determined on
a basis that we and Emdeon consider to be a reasonable
assessment of the cost of providing these services, exclusive of
any profit margin. The basis we and Emdeon used to determine
these expense allocations required management to make certain
judgments and assumptions. These cost allocations are reflected
in the table
Table of Contents
below under the caption “Corporate services —
shared services allocation”. Prior to the IPO, the Services
Fee also included costs identified for dedicated employees
managed centrally by Emdeon for certain of its functions across
all of its segments. This portion of the Services Fee charged
for dedicated employees included a charge for their salaries,
plus an overhead charge for these employees calculated based on
a pro rata portion of their salaries to total salaries within
the function. The amount reflected in the table below under the
caption “Corporate services — specific
identification” reflects the costs for these employees
through their date of transfer. The Services Fee is reflected in
general and administrative expense within our consolidated
statements of operations.
Healthcare Expense: We are charged for our
employees’ participation in Emdeon’s healthcare plans.
Healthcare expense is charged based on the number of our total
employees and reflects Emdeon’s average cost of these
benefits per employee. Healthcare expense is reflected in the
accompanying consolidated statements of operations in the same
expense captions as the related salary costs of those employees.
Stock-Based Compensation Expense: Stock-based
compensation expense is related to stock option issuances and
restricted stock awards of Emdeon’s Common Stock that have
been granted to certain of our employees. Stock-based
compensation expense is allocated on a specific employee
identification basis. The expense is reflected in our
consolidated statements of operations in the same expense
captions as the related salary costs of those employees. The
allocation of stock-based compensation expense related to
Emdeon’s Common Stock is recorded as additional paid-in
capital.
The following table summarizes the allocations reflected in our
consolidated financial statements:
This excerpt taken from the WBMD 10-Q filed Aug 9, 2006. Charges
from the Company to Emdeon:
Revenue: We sell certain of our products and
services to Emdeon businesses. These amounts are included in
revenue during the three and six months ended June 30,
2006. We charge Emdeon rates comparable to those charged to
third parties for similar products and services.
Advertising Expense: We allocated costs to
Emdeon in 2005 based on its utilization of our advertising
services. We no longer allocate any advertising expense to
Emdeon, or other businesses of Emdeon, related to any
advertising that promotes the WebMD brand. Our portion of the
advertising services utilized is included in sales and marketing
expense within the accompanying consolidated statements of
operations, and is reported net of amounts charged to Emdeon.
Charges from Emdeon to the Company:
Corporate Services: We are charged a services
fee (the “Services Fee”) for costs related to
corporate services provided to us by Emdeon. The services that
Emdeon provides include certain administrative services,
including payroll, accounting, tax planning and compliance,
employee benefit plans, legal matters and information
processing. In addition, we reimburse Emdeon for an allocated
portion of certain expenses that Emdeon incurs for outside
services and similar items, including insurance fees, outside
personnel, facilities costs, professional fees, software
maintenance fees and telecommunications costs. Emdeon has agreed
to make the services available to us for up to 5 years
following the IPO. These expense allocations were determined on
a basis that we and Emdeon consider to be a reasonable
assessment of the cost of providing these services, exclusive of
any profit margin. The basis we and Emdeon used to determine
these expense allocations required management to make certain
judgments and assumptions. These cost allocations are reflected
in the table below under the caption “Corporate
services — shared services allocation”. Prior to
the IPO, the Services Fee also included costs identified for
dedicated employees managed centrally by Emdeon for certain of
its functions across all of its segments. This portion of the
Services Fee charged for dedicated employees included a charge
for their salaries, plus an overhead charge for these employees
calculated based on a pro rata portion of their salaries to
total salaries within the function. The amount reflected in the
table below under the caption “Corporate
services — specific identification” reflects the
costs for these employees through their date of transfer. The
Services Fee is reflected in general and administrative expense
within our consolidated statements of operations.
Table of Contents
Healthcare Expense: We are charged for our
employees’ participation in Emdeon’s healthcare plans.
Healthcare expense is charged based on the number of our total
employees and reflects Emdeon’s average cost of these
benefits per employee. Healthcare expense is reflected in the
accompanying consolidated statements of operations in the same
expense captions as the related salary costs of those employees.
Stock-Based Compensation Expense: Stock-based
compensation expense is related to stock option issuances and
restricted stock awards of Emdeon’s Common Stock that have
been granted to certain of our employees. Stock-based
compensation expense is allocated on a specific employee
identification basis. The expense is reflected in our
consolidated statements of operations in the same expense
captions as the related salary costs of those employees. The
allocation of stock-based compensation expense related to
Emdeon’s Common Stock is recorded as additional paid-in
capital.
The following table summarizes the allocations reflected in our
consolidated financial statements:
This excerpt taken from the WBMD 10-K filed Mar 16, 2006. Charges
from the Company to Emdeon:
Revenue: The Company sells certain of its
products and services to Emdeon businesses. These amounts are
included in revenue during the year ended December 31,
2005. The Company charges Emdeon rates comparable to those
charged to third parties for similar products and services.
Advertising Expense: The Company allocated
costs to Emdeon based on its utilization of the Company’s
advertising services. This charge included a proportional
allocation based on the number of Emdeon operating segments
identified in each advertisement and an allocation of cost to
Emdeon for the promotion of the WebMD brand prior to
Emdeon’s name change. On August 5, 2005, Emdeon and
other businesses of Emdeon began to use “Emdeon” as
their primary brand, instead of “WebMD.” Accordingly,
the Company no longer allocates any advertising expense to
Emdeon, or other businesses of Emdeon, related to any
advertising that promotes the WebMD brand. The Company’s
portion of the advertising services utilized is included in
sales and marketing expense within the accompanying consolidated
statements of operations, and is reported net of amounts charged
to Emdeon.
Table of Contents
WEBMD
HEALTH CORP.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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