Supplemental Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Unaudited Interim Condensed Consolidated Balance Sheets

Truven Holding Corp.

Unaudited Interim Condensed Consolidated Balance Sheets As of June 30, 2015



	Parent			Issuer			Guarantor subsidiaries			Non-Guarantor subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—		$	10,569		$	4,042		$	1,755		$	—		$	16,366
Trade and other receivables, net of allowances	—			77,749			11,885			1,975			—			91,609
Prepaid expenses and other current assets	—			26,998			977			551			—			28,526
Deferred tax asset	—			267			—			—			—			267
Intercompany receivable	—			27,595			30,743			52,761			(111,099		)	—
Total current assets	—			143,178			47,647			57,042			(111,099		)	136,768
Investment in subsidiaries	—			106,231			—			—			(106,231		)	—
Computer hardware and other property, net	—			29,146			151			632			—			29,929
Developed technology and content, net	—			117,550			6,902			—			—			124,452
Goodwill	—			457,677			41,143			—			—			498,820
Other identifiable intangible assets, net	—			310,324			46,965			—			—			357,289
Other noncurrent assets	—			17,639			—			433			—			18,072
Total assets	$	—		$	1,181,745		$	142,808		$	58,107		$	(217,330	)	$	1,165,330
Liabilities and Net Equity (Deficit)
Accounts payable and accrued expenses	$	—		$	55,944		$	8,187		$	2,808		$	—		$	66,939
Deferred revenue	—			109,062			6,788			262			—			116,112
Current portion of long-term debt	—			6,360			—			—			—			6,360
Capital lease obligation	—			682			—			—			—			682
Deferred tax liability	—			—			—			—			—			—
Current taxes payable	—			—			8			130			—			138
Intercompany payable	—			34,744			23,294			53,061			(111,099		)	—
Total current liabilities	—			206,792			38,277			56,261			(111,099		)	190,231
Deferred revenue	—			3,753			127			—			—			3,880
Capital lease obligation - noncurrent	—			1,029			—			—			—			1,029
Long-term debt	—			969,799			—			—			—			969,799
Accumulated losses of unconsolidated companies in excess of investment	3,298			—			87			—			(3,385		)	—
Deferred tax liabilities	—			267			—			—			—			267
Other noncurrent liabilities	—			3,403			19			—			—			3,422
Total liabilities	3,298			1,185,043			38,510			56,261			(114,484		)	1,168,628
Equity (deficit)
Common stock	—			—			—			—			—			—
Additional paid-in capital	484,206			484,206			114,090			(69		)	(598,227		)	484,206
Accumulated equity (deficit)	(487,257		)	(487,257		)	(9,754		)	2,297			494,714			(487,257		)
Foreign currency translation adjustment	(247		)	(247		)	(38		)	(382		)	667			(247		)
Total equity (deficit)	(3,298		)	(3,298		)	104,298			1,846			(102,846		)	(3,298		)
Total liabilities and net equity (deficit)	$	—		$	1,181,745		$	142,808		$	58,107		$	(217,330	)	$	1,165,330

Truven Holding Corp.

Consolidated Balance Sheets

As of December 31, 2014



	Parent			Issuer			Guarantor subsidiaries			Non-Guarantor subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	—		$	8,243		$	3,264		$	1,097		$	—		$	12,604
Trade and other receivables, net of allowances	—			106,181			12,765			1,268			—			120,214
Prepaid expenses and other current assets	—			28,574			817			860			—			30,251
Deferred tax asset	—			621			—			—			—			621
Intercompany receivable	—			23,297			39,194			46,799			(109,290		)	—
Total current assets	—			166,916			56,040			50,024			(109,290		)	163,690
Investment in subsidiaries	47,123			109,851			(192		)	—			(156,782		)	—
Computer hardware and other property, net	—			36,459			207			769			—			37,435
Developed technology and content, net	—			128,917			5,161			—			—			134,078
Goodwill	—			457,677			41,143			—			—			498,820
Other identifiable intangible assets, net	—			327,554			55,325			—			—			382,879
Other noncurrent assets	—			15,951			—			236			—			16,187
Total assets	$	47,123		$	1,243,325		$	157,684		$	51,029		$	(266,072	)	$	1,233,089
Liabilities and Net Equity
Accounts payable and accrued expenses	$	—		$	58,777		$	5,931		$	2,520		$	—		$	67,228
Deferred revenue	—			121,903			6,802			424			—			129,129
Current portion of long-term debt	—			6,360			—			—			—			6,360
Capital lease obligation	—			664			—			—			—			664
Deferred tax liability	—			—			—			—			—			—
Current taxes payable	—			—			—			173			—			173
Intercompany payable	—			26,086			35,784			47,420			(109,290		)	—
Total current liabilities	—			213,790			48,517			50,537			(109,290		)	203,554
Deferred revenue	—			5,456			—			—			—			5,456
Capital lease obligation - noncurrent	—			1,374			—			—			—			1,374
Long-term debt	—			971,362			—			—			—			971,362
Deferred tax liabilities	—			621			—			—			—			621
Other noncurrent liabilities	—			3,599			—			—			—			3,599
Total liabilities	—			1,196,202			48,517			50,537			(109,290		)	1,185,966
Equity
Common stock	—			—			—			—			—			—
Additional paid-in capital	483,550			483,550			114,483			(125		)	(597,908		)	483,550
Accumulated equity (deficit)	(436,123		)	(436,123		)	(5,275		)	1,130			440,268			(436,123		)
Foreign currency translation adjustment	(304		)	(304		)	(41		)	(513		)	858			(304		)
Total	47,123			47,123			109,167			492			(156,782		)	47,123
Total liabilities and net equity	$	47,123		$	1,243,325		$	157,684		$	51,029		$	(266,072	)	$	1,233,089

Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss

Truven Holding Corp.

Unaudited Interim Condensed Consolidated Statements of Comprehensive Loss

For the Three Months Ended June 30, 2015



	Parent			Issuer			Guarantor subsidiaries			Non-Guarantor subsidiaries			Eliminations			Consolidated
Revenue, net	$	—		$	130,644		$	19,878		$	5,401		$	(2,742	)	$	153,181
Operating costs and expenses Cost of revenue, excluding depreciation and amortization	—			(73,640		)	(11,103		)	(1,066		)	2,398			(83,411		)
Selling and marketing, excluding depreciation and amortization	—			(14,217		)	(1,761		)	(1,737		)	—			(17,715		)
General and administrative, excluding depreciation and amortization	—			(11,183		)	(3,268		)	(1,949		)	—			(16,400		)
Depreciation	—			(5,239		)	(25		)	(98		)	—			(5,362		)
Amortization of developed technology and content	—			(10,876		)	(296		)	—			—			(11,172		)
Amortization of other identifiable intangible assets	—			(8,615		)	(3,950		)	—			—			(12,565		)
Other operating expenses	—			(6,491		)	(333		)	—			344			(6,480		)
Total operating costs and expenses	—			(130,261		)	(20,736		)	(4,850		)	2,742			(153,105		)
Operating income (loss)	—			383			(858		)	551			—			76
Net interest expense	—			(18,511		)	—			1			—			(18,510		)
Other finance costs	—			(485		)	(66		)	(8		)	—			(559		)
Equity in net income (loss) of subsidiaries	(19,124		)	(511		)	(35		)	—			19,670			—
Income (loss) before income taxes	(19,124		)	(19,124		)	(959		)	544			19,670			(18,993		)
Provision for income taxes	—			—			(13		)	(118		)	—			(131		)
Net income (loss)	$	(19,124	)	$	(19,124	)	$	(972	)	$	426		$	19,670		$	(19,124	)

Other comprehensive income (loss):
Foreign currency translation adjustments	(247		)	(247		)	(38		)	(382		)	667			(247		)
Total comprehensive income (loss)	$	(19,371	)	$	(19,371	)	$	(1,010	)	$	44		$	20,337		$	(19,371	)

Unaudited Condensed Consolidated Statements of Cash Flows



	Parent			Issuer			Guarantor subsidiaries			Non-Guarantor subsidiaries			Eliminations			Consolidated
Operating activities
Net income (loss)	$	(51,134	)	$	(51,134	)	$	(4,479	)	$	1,167		$	54,446		$	(51,134	)
Non-cash adjustments	51,134			61,932			8,985			198			(54,446		)	67,803
Changes in operating assets and liabilities	—			8,849			2,724			(513		)	—			11,060
Net cash provided by operating activities	—			19,647			7,230			852			—			27,729
Investing activities
Acquisitions, net of cash acquired	—			(405		)	—			—			—			(405		)
Capital expenditures	—			(17,767		)	(2,282		)	(62		)	—			(20,111		)
Net cash used in investing activities	—			(18,172		)	(2,282		)	(62		)	—			(20,516		)
Financing activities
Principal repayment of senior term loan	—			(3,180		)	—			—			—			(3,180		)
Intercompany transaction	—			4,359			(4,038		)	(321		)	—			—
Payment of capital lease obligation	—			(328		)	—			—			—			(328		)
Additional paid in capital	—			—			(57		)	57			—			—
Net cash provided by (used in) financing activities	—			851			(4,095		)	(264		)	—			(3,508		)
Effect of exchange rate changes in cash and cash equivalents	—			—			(75		)	132			—			57
Increase in cash and cash equivalents	—			2,326			778			658			—			3,762
Cash and cash equivalents
Beginning of period	—			8,243			3,264			1,097			—			12,604
End of period	$	—		$	10,569		$	4,042		$	1,755		$	—		$	16,366

Truven Holding Corp. 10-Q