AMN FY 2019 Earnings Report — AMN Healthcare Services, Inc. Revenue & Financial Results | Market Cap Arena

AMN Healthcare Services, Inc.AMN

FY 2019 Earnings

Reported February 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.1B	—	4.0%
Op. Income	$177M	—	$203M	—	-12.8%
Gross Margin	33.5%	—	32.6%	—	0.9pp
Net Margin	5.1%	—	6.6%	—	-1.5pp
EPS (Diluted)	$2.40	—	$2.91	—	-17.5%
Free Cash Flow	$188M	—	$191M	—	-1.2%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$743M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$508M
SG&A Expenses	$508M
Other Expenses	$59M
Operating Expenses	$567M
Cost & Expenses	$2.0B
OPERATING INCOME	$177M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$148M
Income Tax Expense	$35M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$59M
EBIT	$177M
EBITDA	$235M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$743M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$508M
SG&A Expenses	$508M
Other Expenses	$59M
Operating Expenses	$567M
Cost & Expenses	$2.0B
OPERATING INCOME	$177M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$148M
Income Tax Expense	$35M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$59M
EBIT	$177M
EBITDA	$235M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	$59M
Stock-Based Compensation	$16M
Deferred Income Tax	$913.0K
Other Non-Cash Items	$16M
Change in Working Capital	$19M
OPERATING CASH FLOW	$225M
Capital Expenditure	-$36M
Acquisitions (Net)	-$248M
Purchases of Investments	-$26M
Sales/Maturities of Investments	$32M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$292M
Net Debt Issuance	$180M
Common Stock Repurchased	-$19M
Common Dividends Paid	$0
Other Financing Activities	-$25M
NET CASH FROM FINANCING	$137M
FREE CASH FLOW	$188M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$83M
Short-Term Investments	$0
Net Receivables	$431M
Inventory	$0
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$560M
PP&E (Net)	$195M
Goodwill	$596M
Intangible Assets	$398M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$182M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.9B
Account Payables	$103M
Short-Term Debt	$0
Deferred Revenue	$12M
Other Current Liabilities	$150M
TOTAL CURRENT LIABILITIES	$378M
Long-Term Debt	$617M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$817M
TOTAL LIABILITIES	$1.2B
Common Stock	$493.0K
Additional Paid-In Capital	$455M
Retained Earnings	$400M
Treasury Stock	-$119M
Accum. Other Comp. Income	$152.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$737M
Minority Interest	$0
TOTAL EQUITY	$737M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$722M
Net Debt	$639M