Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - ATHENAHEALTH INC | form8-kaxarsenalproformav2.htm |
Exhibit 99.4
athenahealth, Inc.
UNAUDITED PRO FORMA STATEMENT OF ESTIMATED TAXABLE OPERATING RESULTS AND CASH TO BE MADE AVAILABLE BY OPERATIONS
(Amounts in thousands)
The following is additional information provided in respect of Rule 3-14 of Regulation S-X and represents an estimate of the taxable operating results and cash to be made available by operations of athenahealth, Inc. based upon the pro forma condensed combined statement of operations for the year ended December 31, 2012. These estimated results do not purport to represent results of operations in the future and were prepared based on the assumptions outlined in the pro forma condensed combined statement of operations, which should be read in conjunction with this statement.
2012 Reconciliation between GAAP Net Income and Taxable Income (Loss) | ||
Pro Forma | ||
Net income | 918 | |
Net book depreciation and amortization in excess of tax depreciation | (1,906 | ) |
Book income not recognized for tax | 18,634 | |
Book expense not deducted for tax | (16,190 | ) |
Tax income not recognized for book | 6,222 | |
Estimated taxable income | 7,678 | |
Adjustments: | ||
Depreciation and amortization | 52,012 | |
Stock-based compensation | 37,341 | |
Net tax stock-based compensation in excess of book | 13,513 | |
Net tax depreciation and amortization in excess of book | 1,906 | |
Estimated cash to be made available from operations | 112,450 | |