← AMN HEALTHCARE SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss (gain) on deferred compensation balances | — | — | $0 | $0 | $1.6m | $20k | ($526k) | $465k | ($1.2m) | $2.3m | — | |
| Net loss (gain) on investments in available-for-sale securities | — | — | — | — | ($109k) | ($52k) | $749k | $302k | $200k | ($106k) | — | |
| Net Income (Loss) Attributable to Parent | $105.8m |
$132.6m
+25.25%
|
$141.7m
+6.93%
|
$114.0m
-19.58%
|
$70.7m
-38.01%
|
$327.4m
+363.30%
|
$444.1m
+35.63%
|
$210.7m
-52.56%
|
($147.0m)
-169.76%
|
($95.7m)
+34.89%
|
— | |
| Depreciation, Depletion and Amortization | $29.6m | $32.3m | $41.2m | $58.5m | $94.2m | $103.7m | $137.1m | $160.9m | $173.8m | $156.6m | $146.6m | |
| Amortization of Intangible Assets | $18.3m | $18.6m | $24.2m | $36.5m | $63.8m | $63.0m | $83.1m | $89.8m | $92.8m | $78.0m | — | |
| Depreciation and amortization (inclusive of depreciation included in cost of revenue) | $29.6m |
$32.3m
+8.98%
|
$41.2m
+27.75%
|
$58.5m
+41.91%
|
$94.2m
+60.95%
|
$103.7m
+10.10%
|
$137.1m
+32.22%
|
$160.9m
+17.37%
|
$173.8m
+7.99%
|
$156.6m
-9.89%
|
$146.6m
-6.38%
|
|
| Deferred Income Tax Expense (Benefit) | ($9.4m) | $5.6m | ($667k) | $913k | ($21.6m) | ($16.3m) | ($24.6m) | ($12.9m) | ($51.1m) | ($19.5m) | $11.4m | |
| Share-based Payment Arrangement, Noncash Expense | $11.4m | $10.2m | $10.8m | $16.2m | $20.5m | $25.2m | $30.1m | $18.0m | $23.3m | $30.7m | $32.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $5.8m | $9.4m | $11.4m | $13.8m | $6.9m | $7.2m | $15.1m | $13.1m | $4.8m | $2.1m | — | |
| Share-based Payment Arrangement, Expense | $11.4m | $10.2m | $10.8m | $16.2m | $20.5m | $25.2m | $30.1m | $18.0m | $23.3m | $30.7m | $32.2m | |
| Share-based compensation | $11.4m | $10.2m | $10.8m | $16.2m | $20.5m | $25.2m | $30.1m | $18.0m | $23.3m | $30.7m | $32.2m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | — | — | — | $222.5m | $109.5m | $0 | |
| Goodwill impairment losses | — | — | — | — | — | — | $0 | $0 | $222.5m | $109.5m | $0 | |
| Loss on disposal or impairment of long-lived assets | — | — | — | — | — | $2.7m | $1.6m | $8.1m | $65k | $18.3m | — | |
| Proceeds from sale of equity investment | — | — | $0 | $0 | $527k | $78k | $68k | $77k | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $58.7m | $18.9m | $1.5m | ($28.3m) | $7.3m | $419.5m | ($57.9m) | ($70.0m) | ($176.2m) | ($49.1m) | $24.9m | |
| Accounts receivable | ($58.7m) | ($18.9m) | ($1.5m) | $28.3m | ($7.3m) | ($419.5m) | $57.9m | $70.0m | $176.2m | $49.1m | $24.9m | |
| Accounts receivable, subcontractor | $1.5m | $8.2m | ($9.1m) | ($22.6m) | ($1.3m) | ($165.7m) | ($29.0m) | $151.0m | $47.2m | $22.4m | $24.9m | |
| Accounts payable and accrued expenses | $17.7m | ($7.9m) | $17.2m | $1.9m | $5.6m | $256.1m | $48.8m | ($183.5m) | ($154.9m) | ($20.6m) | — | |
| Purchase of fixed assets recorded in accounts payable and accrued expenses | $2.1m | $3.0m | $1.7m | $2.3m | $3.1m | $3.7m | $5.6m | $8.1m | $3.2m | $1.5m | — | |
| Accrued compensation and benefits | $19.1m | $13.4m | $10.3m | $32.8m | $25.9m | $129.2m | ($10.5m) | ($80.1m) | ($11.3m) | ($12.0m) | — | |
| Deferred revenue | $732k | ($548k) | $319k | ($1.8m) | ($1.1m) | $4.3m | ($4.1m) | ($558k) | ($1.3m) | $6.0m | — | |
| Other current assets | ($13.9m) | ($934k) | ($1.3m) | $2.8m | $2.3m | ($22.0m) | $17.8m | $4.2m | ($8.5m) | ($3.0m) | $10.1m | |
| Other assets | ($3.6m) | ($5.4m) | $5.2m | ($12.8m) | $3.2m | $3.3m | $210k | ($3.2m) | $87k | $4.9m | — | |
| Other liabilities | $8.1m | ($8.4m) | ($9.0m) | ($6.1m) | $41.6m | $122.7m | ($126.6m) | ($10.2m) | $44.4m | $49.5m | — | |
| Net Cash Provided by (Used in) Operating Activities | $131.9m |
$115.3m
-12.58%
|
$227.0m
+96.94%
|
$224.9m
-0.94%
|
$256.8m
+14.21%
|
$305.4m
+18.90%
|
$653.7m
+114.09%
|
$372.2m
-43.07%
|
$320.4m
-13.90%
|
$269.5m
-15.90%
|
$470.8m
+74.71%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $22.0m | $26.5m | $35.2m | $35.2m | $37.7m | $53.6m | $75.8m | $103.7m | $80.9m | $35.6m | ($32.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($69k) | ($227k) | ($117k) | ($484k) | ($4.3m) | ($2.7m) | ($1.6m) | — | — | — | ($38.7m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | ($749k) | ($302k) | ($200k) | $106k | ($158k) | |
| Payments to Acquire Investments | $13.2m | $15.1m | $33.8m | — | — | — | — | — | — | — | ($6.4m) | |
| Purchase of investments | ($13.2m) | ($15.1m) | ($33.8m) | ($26.3m) | ($48.3m) | ($60.7m) | ($13.2m) | $0 | ($1.4m) | ($36.1m) | ($6.4m) | |
| Proceeds from sale and maturity of investments | $2.0m | $20.3m | $25.0m | $32.1m | $32.8m | $57.7m | $14.4m | $9.9m | $9.1m | $10.8m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $216.5m | $0 | $217.4m | $247.9m | $476.5m | $41.3m | $69.6m | $292.2m | $0 | $0 | ($3.0m) | |
| Cash paid for acquisitions, net of cash and restricted cash received | ($216.5m) | $0 | $217.4m | $247.9m | $476.5m | $41.3m | $69.6m | ($292.2m) | $0 | $0 | — | |
| Earn-out payments to settle contingent consideration liabilities for prior acquisitions | — | — | — | ($5.7m) | ($10.6m) | ($3.1m) | $0 | ($7.5m) | $0 | $0 | — | |
| Fair value of tangible assets acquired in acquisitions, net of cash and restricted cash received | $18.7m | $0 | $24.0m | $29.7m | $35.7m | $1.9m | $2.6m | $48.9m | $0 | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($257.4m) | ($33.4m) | ($279.3m) | ($291.8m) | ($538.2m) | ($107.4m) | ($170.7m) | ($412.5m) | ($79.9m) | $4.3m | $31.2m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($574k) | ($594k) | ($5.0m) | ($158k) | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $13.3m | $20.2m | $67.0m | $18.7m | $0 | $2.7m | $576.8m | $424.7m | $0 | $0 | — | |
| Repurchase of common stock | ($13.3m) | ($20.2m) | ($67.0m) | ($18.7m) | $0 | ($2.7m) | ($576.8m) | ($424.7m) | $0 | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | $126.3m |
($77.2m)
-161.12%
|
$37.5m
+148.59%
|
$136.6m
+264.16%
|
$211.5m
+54.82%
|
($34.9m)
-116.50%
|
($591.9m)
-1596.13%
|
$10.7m
+101.81%
|
($259.4m)
-2518.19%
|
($295.9m)
-14.05%
|
($184.0m)
+37.83%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($14.6m) | $69.6m | ($70.0m) | $162.7m | ($108.8m) | ($29.6m) | ($19.0m) | ($22.1m) | $390.5m | |
| Cash, cash equivalents and restricted cash at beginning of year | $51.0m | $98.9m | $84.3m | $154.0m | $84.0m | $246.7m | $137.9m | $108.3m | $89.3m | $67.2m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $84.3m | $154.0m | $84.0m | $246.7m | $137.9m | $108.3m | $89.3m | $67.2m | $390.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $263k | $1k | ($112k) | ($335k) | $0 | $0 | — | — | — | |
| Net decrease in cash, cash equivalents and restricted cash | $2.1m | $47.9m | ($14.6m) | $69.6m | ($70.0m) | $162.7m | ($108.8m) | ($29.6m) | ($19.0m) | ($22.1m) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.1m | $17.9m | $21.3m | $23.7m | $22.7m | $38.1m | $37.5m | $48.1m | $61.0m | $45.1m | — | |
| Income Taxes Paid, Net | $73.4m | $73.7m | $30.6m | $37.7m | $46.3m | $106.4m | $213.8m | $78.3m | $28.2m | $7.8m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | $39.1m | — | |
| Goodwill | $341.8m | $340.6m | $438.5m | $595.6m | $864.5m | $892.3m | $935.4m | $1.1b | $897.5m | $755.8m | $0 | |
| Income Tax Expense (Benefit) | $70.3m | $60.2m | $44.9m | $34.5m | $20.9m | $116.5m | $162.7m | $73.6m | ($25.6m) | ($5.4m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $69.9m | $45.6m | — | |
| Operating Expenses | $428.1m | $432.0m | $493.6m | $566.5m | $642.5m | $831.6m | $1.1b | $911.2m | $1.0b | $829.5m | — | |
| Payments of Financing Costs | $6.6m | $0 | $2.3m | $5.2m | $11.5m | $0 | $0 | $3.6m | $973k | $8.8m | — | |
| Non-cash interest expense and other | $2.4m | $2.2m | ($4.8m) | $2.0m | $4.3m | ($4.1m) | $5.3m | $8.8m | $11.9m | $2.6m | — | |
| Write-off of fees on credit facilities and senior notes | — | — | $574k | $594k | $5.0m | $158k | $0 | $0 | $0 | $1.2m | — | |
| Change in fair value of contingent consideration liabilities | ($24k) | $184k | ($2.4m) | $7.2m | $4.9m | $0 | ($2.9m) | $2.4m | $0 | $0 | — | |
| Increase in allowance for credit losses and sales credits | — | — | $9.0m | $6.3m | $6.5m | $6.3m | $58.0m | $23.9m | $3.3m | $2.5m | — | |
| Gain on sale of disposal group | — | — | — | — | — | — | — | $0 | $0 | ($39.1m) | — | |
| Non-cash lease expense | — | — | — | $5k | ($589k) | $3.8m | $5.5m | $1.6m | ($1.2m) | ($708k) | — | |
| Income taxes receivable | $6.5m | ($15.5m) | $15.1m | ($4.5m) | ($412k) | $6.6m | ($8.9m) | $3.8m | ($4.0m) | $3.2m | — | |
| Prepaid expenses | ($455k) | ($2.3m) | $4.5m | $774k | ($1.3m) | ($58.8m) | $53.8m | ($1.5m) | ($2.0m) | $1.5m | — | |
| Purchase and development of fixed assets | ($22.0m) | ($26.5m) | ($35.2m) | ($35.2m) | ($37.7m) | ($53.6m) | ($75.8m) | ($103.7m) | ($80.9m) | ($35.6m) | — | |
| Proceeds from sale of disposal group | — | — | — | — | — | — | — | $0 | $0 | $65.3m | — | |
| Payments to fund deferred compensation plan | ($6.9m) | ($10.5m) | ($9.9m) | ($12.5m) | ($7.2m) | ($7.6m) | ($21.5m) | ($24.9m) | ($8.4m) | ($6.4m) | — | |
| Proceeds from settlements of company-owned life insurance policies | — | — | — | — | — | — | — | $0 | $0 | $6.4m | — | |
| Cash paid for other intangibles | $0 | $0 | ($1.2m) | ($1.2m) | ($1.4m) | ($90k) | ($5.1m) | ($1.7m) | $0 | $0 | — | |
| Cash received for working capital settlement of prior year acquisition | — | — | — | — | — | — | $0 | $0 | $1.6m | $0 | — | |
| Payments on revolving credit facility | ($206.5m) | $0 | ($75.0m) | ($221.0m) | ($245.0m) | ($70.0m) | $0 | ($355.0m) | ($375.0m) | ($315.0m) | — | |
| Proceeds from revolving credit facility | $124.0m | $0 | $195.0m | $101.0m | $245.0m | $70.0m | $0 | $815.0m | $125.0m | $130.0m | — | |
| Proceeds from senior notes | $325.0m | $0 | $0 | $300.0m | $552.0m | $0 | $0 | $0 | $0 | $400.0m | — | |
| Redemption of senior notes | — | — | $0 | $0 | ($333.3m) | $0 | $0 | $0 | $0 | ($500.0m) | — | |
| Payments on loans payable | — | — | — | — | — | $0 | $0 | ($300k) | $0 | $0 | — | |
| Payment of excise tax on share repurchases | — | — | — | — | — | — | $0 | $0 | ($3.7m) | $0 | — | |
| Payment of financing costs | ($6.6m) | $0 | ($2.3m) | ($5.2m) | ($11.5m) | $0 | $0 | ($3.6m) | ($973k) | ($8.8m) | — | |
| Intangible assets | $89.1m | $0 | $122.1m | $107.6m | $228.0m | $12.4m | $40.2m | $92.0m | $0 | $0 | — | |
| Liabilities assumed | ($21.5m) | $0 | ($16.6m) | ($31.1m) | ($56.2m) | ($275k) | ($8.2m) | ($24.5m) | $0 | $0 | — | |
| Excise tax payable on share repurchases | — | — | — | — | — | $0 | $0 | $3.7m | $0 | $0 | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | — | — | — | — | $2.7m | $5.7m | $36.6m | $5.0m | $1.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.