AMN FY 2018 Earnings Report — AMN Healthcare Services, Inc. Revenue & Financial Results | Market Cap Arena

AMN Healthcare Services, Inc.AMN

FY 2018 Earnings

Reported February 20, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	7.4%
Op. Income	$203M	—	$212M	—	-4.5%
Gross Margin	32.6%	—	32.4%	—	0.2pp
Net Margin	6.6%	—	6.7%	—	-0.0pp
EPS (Diluted)	$2.91	—	$2.68	—	8.6%
Free Cash Flow	$191M	—	$89M	—	114.8%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$696M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$452M
SG&A Expenses	$452M
Other Expenses	$41M
Operating Expenses	$494M
Cost & Expenses	$1.9B
OPERATING INCOME	$203M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$187M
Income Tax Expense	$45M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$41M
EBIT	$203M
EBITDA	$244M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$696M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$452M
SG&A Expenses	$452M
Other Expenses	$41M
Operating Expenses	$494M
Cost & Expenses	$1.9B
OPERATING INCOME	$203M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$187M
Income Tax Expense	$45M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$41M
EBIT	$203M
EBITDA	$244M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$142M
Depreciation & Amortization	$41M
Stock-Based Compensation	$11M
Deferred Income Tax	-$667.0K
Other Non-Cash Items	$2M
Change in Working Capital	$32M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$36M
Acquisitions (Net)	-$217M
Purchases of Investments	-$40M
Sales/Maturities of Investments	$25M
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$279M
Net Debt Issuance	$120M
Common Stock Repurchased	-$67M
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$38M
FREE CASH FLOW	$191M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$417M
Inventory	$40M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$482M
PP&E (Net)	$90M
Goodwill	$439M
Intangible Assets	$326M
Long-Term Investments	-$27M
Tax Assets	$27M
Other Non-Current Assets	$155M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.5B
Account Payables	$82M
Short-Term Debt	$0
Deferred Revenue	$12M
Other Current Liabilities	$89M
TOTAL CURRENT LIABILITIES	$307M
Long-Term Debt	$441M
Deferred Revenue NC	$865.0K
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$78M
TOTAL NON-CURRENT LIABILITIES	$546M
TOTAL LIABILITIES	$854M
Common Stock	$488.0K
Additional Paid-In Capital	$453M
Retained Earnings	$286M
Treasury Stock	-$100M
Accum. Other Comp. Income	$151.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$639M
Minority Interest	$0
TOTAL EQUITY	$639M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$441M
Net Debt	$427M