10-Q Filing

AMN HEALTHCARE SERVICES INC CIK: 1142750 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001142750-14-000007`
Period End Date	20140331
Filing Date	20140502
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ahs-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 78

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.58M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.12M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$63.03M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$64.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$44.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.58M	USD	Point-in-time
Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$42.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $4,575 and $5,118 at March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$150.84M	USD	Point-in-time
Accounts receivable, net of allowances of $4,575 and $5,118 at March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$147.48M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, subcontractor	`Accountsreceivablesubcontractor`	$18.68M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, subcontractor	`Accountsreceivablesubcontractor`	$18.27M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$24.94M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$24.87M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.83M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$228.47M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$230.10M	USD	Point-in-time
Restricted cash, cash equivalents and investments	`RestrictedCashAndCashEquivalentsNoncurrent`	$23.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Restricted cash, cash equivalents and investments	`RestrictedCashAndCashEquivalentsNoncurrent`	$21.64M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $64,849 and $63,031 at March 31, 2014 and December 31, 2013, respectively	`PropertyPlantAndEquipmentNet`	$21.16M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.01M	shares	Point-in-time
Fixed assets, net of accumulated depreciation of $64,849 and $63,031 at March 31, 2014 and December 31, 2013, respectively	`PropertyPlantAndEquipmentNet`	$24.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.41M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.41M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$23.02M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.01M	shares	Point-in-time
Goodwill	`Goodwill`	$144.64M	USD	Point-in-time
Goodwill	`Goodwill`	$144.94M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $44,319 and $42,439 at March 31, 2014 and December 31, 2013, respectively	`IntangibleAssetsNetExcludingGoodwill`	$150.20M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $44,319 and $42,439 at March 31, 2014 and December 31, 2013, respectively	`IntangibleAssetsNetExcludingGoodwill`	$148.32M	USD	Point-in-time
Total assets	`Assets`	$594.44M	USD	Point-in-time
Total assets	`Assets`	$592.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$69.41M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$62.69M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$54.83M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$55.83M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$10.00M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$10.00M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$7.50M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.21M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$141.23M	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$148.67M	USD	Point-in-time
Notes payable, net of discount	`LongTermNotesPayable`	$141.23M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$85.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$87.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$369.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$374.49M	USD	Point-in-time
Commitments and contingencies and subsequent events (Notes 8 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies and subsequent events (Notes 8 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 10,000 shares authorized; none issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 10,000 shares authorized; none issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 200,000 shares authorized; 46,409 and 46,011 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$460.00K	USD	Point-in-time
Common stock, $0.01 par value; 200,000 shares authorized; 46,409 and 46,011 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$464.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$428.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$429.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-211.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-203.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-498.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-507.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$224.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$217.74M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$592.23M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$594.44M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$252.12M	USD	1 Quarter
Revenue	`Revenues`	$240.88M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$179.11M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$166.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.01M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$53.61M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$54.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.82M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$56.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.49M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.47M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.11M	USD	1 Quarter
Interest expense, net and other	`InterestExpense`	$2.86M	USD	1 Quarter
Interest expense, net and other	`InterestExpense`	$1.85M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.62M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.25M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.99M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.56M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.63M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	45.81M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.35M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.68M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.92M	shares	1 Quarter
Other comprehensive (loss) income - foreign currency translation	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.00K	USD	1 Quarter
Other comprehensive (loss) income - foreign currency translation	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$93.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.66M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.62M	USD	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Interest capitalized	`InterestPaidCapitalized`	-	USD	1 Quarter
Interest capitalized	`InterestPaidCapitalized`	$24.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.82M	USD	1 Quarter
Non-cash interest expense and other	`OtherNoncashExpense`	$295.00K	USD	1 Quarter
Non-cash interest expense and other	`OtherNoncashExpense`	$295.00K	USD	1 Quarter
Increase in allowances for doubtful accounts and sales credits	`ProvisionForDoubtfulAccounts`	$443.00K	USD	1 Quarter
Increase in allowances for doubtful accounts and sales credits	`ProvisionForDoubtfulAccounts`	$1.10M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.02M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.89M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.82M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$704.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.55M	USD	1 Quarter
Loss on disposal or sale of fixed assets	`GainLossOnDispositionOfAssets`	$-1.00K	USD	1 Quarter
Loss on disposal or sale of fixed assets	`GainLossOnDispositionOfAssets`	$-8.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.81M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$15.34M	USD	1 Quarter
Accounts receivable, subcontractor	`IncreaseDecreaseinAccountsReceivablessubcontractor`	$865.00K	USD	1 Quarter
Accounts receivable, subcontractor	`IncreaseDecreaseinAccountsReceivablessubcontractor`	$409.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.44M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$954.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$606.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.13M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.06M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.10M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.01M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-50.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-779.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$349.00K	USD	1 Quarter
Restricted cash, cash equivalents and investments balance	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$2.88M	USD	1 Quarter
Restricted cash, cash equivalents and investments balance	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$991.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	1 Quarter
Purchase and development of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.21M	USD	1 Quarter
Purchase and development of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.84M	USD	1 Quarter
Equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$2.00M	USD	1 Quarter
Equity method investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Payments to fund deferred compensation plan	`PaymentsToAcquireLifeInsurancePolicies`	$481.00K	USD	1 Quarter
Payments to fund deferred compensation plan	`PaymentsToAcquireLifeInsurancePolicies`	$1.22M	USD	1 Quarter
Change in restricted cash, cash equivalents and investments balance	`IncreaseDecreaseInRestrictedCash`	$-4.35M	USD	1 Quarter
Change in restricted cash, cash equivalents and investments balance	`IncreaseDecreaseInRestrictedCash`	$-60.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.71M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.64M	USD	1 Quarter
Capital lease repayments	`RepaymentsOfLongTermCapitalLeaseObligations`	$156.00K	USD	1 Quarter
Capital lease repayments	`RepaymentsOfLongTermCapitalLeaseObligations`	$158.00K	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$1.00M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$1.00M	USD	1 Quarter
Payments on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payments on revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.00M	USD	1 Quarter
Proceeds from exercise of equity awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$58.00K	USD	1 Quarter
Proceeds from exercise of equity awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$711.00K	USD	1 Quarter
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.40M	USD	1 Quarter
Cash paid for shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.90M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.55M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$704.00K	USD	1 Quarter
Change in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-127.00K	USD	1 Quarter
Change in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$165.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.58M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.02M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$93.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.31M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.74M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash paid for interest (net of $0 and $24 capitalized for the three months ended March 31, 2014 and 2013, respectively)	`InterestPaidNet`	$2.40M	USD	1 Quarter
Cash paid for interest (net of $0 and $24 capitalized for the three months ended March 31, 2014 and 2013, respectively)	`InterestPaidNet`	$1.59M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$4.88M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$223.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.