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Exhibit 99
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors and Stockholders of CheckFree Holdings Corporation
and Subsidiaries:
We have audited the consolidated financial statements of CheckFree Holdings
Corporation and Subsidiaries as of June 30, 1998 and 1999, and for the years
ended June 30, 1997, 1998 and 1999, and have issued our report thereon dated
August 9, 1999 (except for Note 22 as to which the date is May 5, 2000); such
financial statements and report are included in your 1999 Annual Report to
Stockholders and are incorporated herein by reference. Our audits also included
the financial statement schedule of CheckFree Holdings 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 9, 1999
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VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED JUNE 30, 1997, 1998 and 1999
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<CAPTION>
BALANCE AS AMOUNT CHARGES
OF ASSUMED IN TO COSTS CHARGES TO
BEGINNING BUSINESS AND OTHER BALANCE AS OF
OF PERIOD COMBINATION EXPENSES DEDUCTIONS DEDUCTIONS END OF PERIOD
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<S> <C> <C> <C> <C> <C> <C>
Allowance for Doubtful Accounts
1997..................... $2,279 1,000 9,196 -- 8,258 4,217
1998..................... 4,217 -- 3,441 -- 4,188 3,470
1999..................... 3,470 309 1,246 -- 595 4,430
Reserve for Returns and Chargebacks
1997..................... 543 -- 1,920 -- 1,237 1,226
1998..................... 1,226 -- 2,080 -- 1,362 1,944
1999..................... 1,944 -- 1,932 -- 2,212 1,664
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