AMN FY 2021 Earnings Report — AMN Healthcare Services, Inc. Revenue & Financial Results | Market Cap Arena

AMN Healthcare Services, Inc.AMN

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$4.0B	—	$2.4B	—	66.4%
Op. Income	$478M	—	$149M	—	220.2%
Gross Margin	32.9%	—	33.1%	—	-0.2pp
Net Margin	8.2%	—	3.0%	—	5.3pp
EPS (Diluted)	$6.81	—	$1.48	—	360.1%
Free Cash Flow	$252M	—	$218M	—	15.6%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$730M
SG&A Expenses	$730M
Other Expenses	$101M
Operating Expenses	$832M
Cost & Expenses	$3.5B
OPERATING INCOME	$478M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$444M
Income Tax Expense	$117M
Net Income from Continuing Ops	$327M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$327M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$327M
D&A	$104M
EBIT	$478M
EBITDA	$582M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$730M
SG&A Expenses	$730M
Other Expenses	$101M
Operating Expenses	$832M
Cost & Expenses	$3.5B
OPERATING INCOME	$478M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$444M
Income Tax Expense	$117M
Net Income from Continuing Ops	$327M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$327M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$327M
D&A	$104M
EBIT	$478M
EBITDA	$582M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$327M
Depreciation & Amortization	$104M
Stock-Based Compensation	$25M
Deferred Income Tax	-$16M
Other Non-Cash Items	$9M
Change in Working Capital	-$143M
OPERATING CASH FLOW	$305M
Capital Expenditure	-$54M
Acquisitions (Net)	-$41M
Purchases of Investments	-$61M
Sales/Maturities of Investments	$58M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$107M
Net Debt Issuance	-$22M
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$35M
FREE CASH FLOW	$252M
Net Change in Cash	$163M

Balance Sheet

Item	Amount
Cash & Equivalents	$181M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$67M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$155M
Goodwill	$892M
Intangible Assets	$514M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$221M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.1B
Account Payables	$339M
Short-Term Debt	$0
Deferred Revenue	$157M
Other Current Liabilities	$250M
TOTAL CURRENT LIABILITIES	$969M
Long-Term Debt	$842M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$48M
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$2.0B
Common Stock	$498.0K
Additional Paid-In Capital	$487M
Retained Earnings	$797M
Treasury Stock	-$122M
Accum. Other Comp. Income	-$295.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$867M
Net Debt	$686M