AMN Healthcare Services (AMN) FY2016 results: revenue $1.9 billion, up 30.0% on the year
AMN Healthcare Services Inc. (AMN) reported revenue of $1.9 billion for fiscal 2016, the year ended 31 December 2016, up 30.0% on the year before. Net income was $106 million, up 29.2%, and diluted earnings per share $2.15. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2017.
Revenue
$1.9 billion
+30.0% on the year
FY2009FY2016
Operating margin
10.1%
8.8% a year earlier
FY2009FY2016
Net income
$106 million
+29.2% on the year
FY2009FY2016
Diluted EPS
$2.15
+28.0% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,902
1,463
1,036
+30.0%
Cost of revenue
1,283
994
720
+29.1%
Gross profit
620
469
316
+32.0%
Gross margin
32.6%
32.1%
30.5%
Selling, general and administrative
398
320
232
+24.7%
Operating income
192
129
67.9
+48.7%
Operating margin
10.1%
8.8%
6.6%
Interest expense
15.5
7.8
9.2
+98.5%
Pre-tax income
176
121
58.7
+45.5%
Income tax
70.3
39.2
25.4
+79.4%
Effective tax rate
39.9%
32.4%
43.4%
Net income
106
81.9
33.2
+29.2%
Net margin
5.6%
5.6%
3.2%
Diluted EPS
$2.15
$1.68
$0.69
+28.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
134
56.3
27.7
+137.8%
Capital expenditure
22.0
27.0
19.1
-18.7%
Free cash flow
112
29.3
8.5
+282.1%
Free cash flow margin
5.9%
2.0%
0.8%
Cash from investing
-258
-116
-28.2
Cash from financing
126
56.2
-2.1
+124.7%
Depreciation and amortisation
29.6
21.0
16.0
+41.4%
Share-based compensation
11.4
10.3
7.2
+10.8%
Buybacks
13.3
0.0
0.0
Diluted shares, weighted
49m
49m
48m
+0.9%
Shares outstanding at period end
48m
48m
47m
-0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
449
348
257
+29.2%
Debt
363
218
161
+66.1%
Other liabilities
375
314
264
+19.3%
Total liabilities and equity
1,187
880
682
+34.8%
Fixed assets
60.0
50.1
32.9
+19.6%
Goodwill
342
205
154
+66.9%
Intangible assets
246
175
153
+40.4%
Cash and equivalents
10.6
9.6
13.1
+10.9%
Receivables
342
278
186
+23.0%
Other assets
187
163
143
+14.6%
Total assets
1,187
880
682
+34.8%
10-K for the year ended 31 December 2016, filed 17 February 2017: the filing.