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They also provided a list of accounts that have been gained so far during the fourth quarter, like Bank of America, with no estimated billings amount.
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Groupon's billings – the amount of money it takes before it pays a cut to merchants – slipped 5% in the second quarter from the first three months of the year.
For example, in the company latest filing, Groupon clarified the use of so-called gross billings, the total amount it collects from consumers before it pays vendors, noting that the metric was important because "it measures the dollar volume of transactions" and helps the company to track its margins.
Billings include the total amount of money spent by clients; revenue is only the portion of billings directly attributable to the agency.
Gross billings (which is the amount Groupon collects before giving local merchants their cut) was more than $4 billion for the year.
By September, WorldCom took a $685 million charge, finally acknowledging that a huge amount of its billings were simply uncollectable.
Hospitals that form CDTs would receive more generous reimbursements and would be allowed to use balance-billing, i.e., they could charge an additional amount to private insurance plans beyond the MRP's payment.
It is part of an effort by MDC to increase the amount of media billings under the aegis of its agencies, now at almost $1 billion, to $10 billion "in the next five to 10 years," Mr. Nadal said.
Total billings were estimated at $30 million.
Total billings last year: $63 billion.
Gross billings is a good measure of the Groupon economy in that it is the dollar amount Groupon is bringing in total to local commerce.
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