AMN Healthcare Services (AMN) FY2023 results: revenue $3.8 billion, down 27.7% on the year
AMN Healthcare Services Inc. (AMN) reported revenue of $3.8 billion for fiscal 2023, the year ended 31 December 2023, down 27.7% on the year before. Net income was $211 million, down 52.6%, and diluted earnings per share $5.36. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$3.8 billion
-27.7% on the year
FY2016FY2023
Operating margin
8.9%
12.3% a year earlier
FY2016FY2023
Net income
$211 million
-52.6% on the year
FY2016FY2023
Diluted EPS
$5.36
-45.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
372
654
305
-43.1%
Capital expenditure
104
75.8
53.6
+36.7%
Free cash flow
268
578
252
-53.5%
Free cash flow margin
7.1%
11.0%
6.3%
Cash from investing
-412
-171
-107
Cash from financing
10.7
-592
-34.9
Depreciation and amortisation
161
137
104
+17.4%
Share-based compensation
18.0
30.1
25.2
-40.1%
Buybacks
425
577
2.7
-26.4%
Diluted shares, weighted
39m
45m
48m
-12.3%
Shares outstanding at period end
38m
42m
47m
-9.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
831
1,044
1,162
-20.3%
Debt
1,305
844
842
+54.7%
Operating lease liabilities
37.6
9.4
13.4
+301.7%
Other liabilities
751
992
1,114
-24.3%
Total liabilities and equity
2,924
2,888
3,132
+1.2%
Fixed assets
191
149
127
+28.2%
Goodwill
1,112
935
892
+18.8%
Intangible assets
474
477
514
-0.6%
Cash and equivalents
32.9
64.5
181
-49.0%
Receivables
623
676
789
-7.7%
Other assets
491
587
628
-16.3%
Total assets
2,924
2,888
3,132
+1.2%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.