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Advisory Board Company, The
The Watergate, 600 New Hampshire Ave., NW, Washington, DC 20037 * (202) 672-5600
Business Description The company provides best practices research and analysis focusing on business strategy, operations and general management issues to the health care industry. Best practices research identifies, analyzes and describes specific management initiatives, strategies and processes that produce the best results in solving common problems or challenges.
Offering
Information

Company has
gone public

Trading As  ABCO (NASNTL) Industry  Service (SIC 8732)
Type of Stock Offered  Common Shares Filing Date  8/22/2001
Domestic Shares Offered  5,000,000 Offer Date  11/12/2001
Foreign Shares Offered  0 Filing Range  $17.00 - $19.00
Company Shares  0 Offer Price  $19.00
Selling Shrhldrs Shares  5,000,000 Gross Spread  $1.330
Gross Proceeds  $95,000,000 Selling  $0.790
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
CS First Boston Lead Manager (212) 325-2000
Deutsch Banc Alex. Brown Co-manager (410) 727-1700
UBS Warburg LLC Co-manager  
William Blair & Company Co-manager (312) 364-8990
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data 3/31/1997 3/31/1998 3/31/1999 3/31/2000 3/31/2001 6/30/2000 6/30/2001
Revenues   52.089 55.334 57.831 58.535 63.727 14.730 18.530
Income from Oper.   11.134 13.151 3.978 4.960 -1.161 0.799 1.177
Net Income   11.071 15.536 4.517 4.993 -0.622 0.865 1.208
E.P.S   - - - - - - -
Revenue Growth (%)      6.23 4.51 1.22 8.870   25.80
Net Income Growth (%)      40.33 -70.93 10.54 -   39.65
Oper. Profit Margin (%)    21.37 23.77 6.88 8.47 - 6.35 5.42
Net Profit Margin (%)    21.25 28.08 7.81 8.53 - 6.52 5.87
Cash Flow - Oper.     8.92 -0.12 -0.77
Cash Flow - Inv.     -1.58 0.98 -0.50
Cash Flow - Fin.     8.08 -1.02 -16.46
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/2001 Financial Ratios
Total Assets    32.15 Current Assets    25.99 Current Ratio    0.59
Total Liab.    45.17 Current Liab.    44.17 Debt Ratio    140.50%
Total Equity    -13.02 Working Cap.    -18.18 Debt to Equity Ratio    -
Cash    3.12    Return on Assets   3.76%
Use Of
Proceeds
The proceeds from the proposed offering will be distributed to the selling shareholder.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Gibson, Dunn & Crutcher
Bank's Law Firm  Cravath, Swaine & Moore
Auditor  Arthur Andersen
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Last updated: 11/25/2001 11:03:35 PM
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