AMN FY 2022 Earnings Report — AMN Healthcare Services, Inc. Revenue & Financial Results | Market Cap Arena

AMN Healthcare Services, Inc.AMN

FY 2022 Earnings

Reported February 22, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$5.2B	—	$4.0B	—	31.6%
Op. Income	$647M	—	$478M	—	35.4%
Gross Margin	32.7%	—	32.9%	—	-0.1pp
Net Margin	8.5%	—	8.2%	—	0.3pp
EPS (Diluted)	$9.90	—	$6.81	—	45.4%
Free Cash Flow	$573M	—	$252M	—	127.6%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$3.5B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$937M
SG&A Expenses	$937M
Other Expenses	$133M
Operating Expenses	$1.1B
Cost & Expenses	$4.6B
OPERATING INCOME	$647M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$607M
Income Tax Expense	$163M
Net Income from Continuing Ops	$444M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$137M
EBIT	$647M
EBITDA	$784M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$3.5B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$937M
SG&A Expenses	$937M
Other Expenses	$133M
Operating Expenses	$1.1B
Cost & Expenses	$4.6B
OPERATING INCOME	$647M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$607M
Income Tax Expense	$163M
Net Income from Continuing Ops	$444M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$444M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$444M
D&A	$137M
EBIT	$647M
EBITDA	$784M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$444M
Depreciation & Amortization	$137M
Stock-Based Compensation	$30M
Deferred Income Tax	-$25M
Other Non-Cash Items	$68M
Change in Working Capital	-$558.0K
OPERATING CASH FLOW	$654M
Capital Expenditure	-$81M
Acquisitions (Net)	-$70M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$14M
Other Investing Activities	-$27M
NET CASH FROM INVESTING	-$171M
Net Debt Issuance	$0
Common Stock Repurchased	-$577M
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$592M
FREE CASH FLOW	$573M
Net Change in Cash	-$109M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$0
Net Receivables	$953M
Inventory	$0
Other Current Assets	$57M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$166M
Goodwill	$935M
Intangible Assets	$477M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$217M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.9B
Account Payables	$373M
Short-Term Debt	$0
Deferred Revenue	$33M
Other Current Liabilities	$252M
TOTAL CURRENT LIABILITIES	$858M
Long-Term Debt	$844M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$987M
TOTAL LIABILITIES	$1.8B
Common Stock	$501.0K
Additional Paid-In Capital	$502M
Retained Earnings	$1.2B
Treasury Stock	-$699M
Accum. Other Comp. Income	-$939.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$861M
Net Debt	$796M