$4.9 B

ATHN Mkt cap, 09-Nov-2018

athenahealth Income Statement

Annual

usdFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

245.5m324.1m422.3m595.0m752.6m924.7m

Revenue growth, %

32%30%41%26%23%17%

Sales and marketing expense

149.5m229.9m

R&D expense

57.6m94.3m

General and administrative expense

99.8m144.6m

Operating expense total

306.9m468.7m75.2m

Depreciation and amortization

43.6m93.5m

EBIT

5.9m955.0k(4.1m)

EBIT margin, %

1%0%0%

Interest expense

314.0k407.0k3.9m4.7m5.8m

Income tax expense

10.4m13.8m16.1m363.0k(745.0k)(4.9m)(1.7m)

Net Income

2.6m(3.1m)14.0m21.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Revenue

151.5m163.0m185.9m190.4m206.4m224.7m236.1m256.1m261.9m276.7m285.4m

Cost of goods sold

144.4m144.0m

Gross profit

141.0m

Gross profit Margin, %

49%

Sales and marketing expense

43.2m50.7m45.2m54.4m55.9m57.6m65.9m59.1m

R&D expense

15.1m15.2m16.4m18.1m23.7m24.4m22.6m25.1m23.6m24.9m42.8m

General and administrative expense

21.7m29.4m30.4m31.8m36.2m36.1m34.8m40.9m41.3m41.9m31.4m

Operating expense total

36.8m44.5m46.9m49.9m59.9m60.5m57.3m66.1m64.9m66.7m74.2m80.2m

Depreciation and amortization

14.2m15.2m17.3m22.1m24.8m26.8m28.5m32.5m

EBIT

2.6m(11.1m)(1.6m)(1.3m)(11.8m)(2.2m)3.2m324.0k(1.3m)15.2m1.1m

EBIT margin, %

2%(7%)(1%)(1%)(6%)(1%)1%0%0%5%0%

Interest expense

1.4m1.3m1.3m1.2m1.1m1.5m1.6m1.9m1.5m1.3m

Pre tax profit

(12.5m)(2.9m)(1.6m)

Income tax expense

(80.0k)4.5m739.0k853.0k4.0m(8.0m)(3.4m)731.0k884.0k115.0k(1.3m)

Net Income

1.2m(8.1m)(2.2m)(1.6m)(8.8m)9.3m5.8m(833.0k)(1.9m)13.9m(1.4m)13.0m

athenahealth Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017

Cash

30.5m35.9m57.8m155.0m65.0m65.0m73.8m141.9m141.9m147.4m165.1m

Accounts Receivable

87.3m121.7m148.2m148.2m161.6m

Inventories

17.2m22.6m30.2m34.2m

Current Assets

178.7m178.7m259.1m320.3m320.3m343.2m381.4m

PP&E

271.6m321.5m321.5m347.7m355.1m

Goodwill

198.0m198.0m198.0m229.2m229.2m240.7m274.4m

Total Assets

796.4m796.4m932.0m1.1b1.1b1.2b1.3b

Accounts Payable

3.9m3.9m9.4m10.8m10.8m9.5m

Short-term debt

50.0m15.0m

Current Liabilities

149.8m149.8m205.6m193.7m193.7m197.9m207.7m

Long-term debt

173.8m173.8m15.0m10.8m10.8m18.3m20.2m

Total Debt

223.8m188.8m10.8m18.3m20.2m

Total Liabilities

405.1m575.4m555.9m540.8m

Additional Paid-in Capital

381.0m381.0m443.3m522.4m522.4m591.5m646.7m

Retained Earnings

11.6m11.6m8.5m22.5m22.5m43.5m144.8m

Total Equity

543.3m543.3m633.3m791.5m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0.2 x0 x

Financial Leverage

2.1 x2.1 x1.9 x1.7 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

62.3m51.3m56.2m59.5m32.6m104.9m116.7m100.6m134.3m130.0m98.0m122.7m142.0m

Accounts Receivable

87.0m97.6m101.5m118.7m127.3m144.8m147.3m139.8m151.3m163.9m

Current Assets

180.6m231.4m227.1m229.5m219.0m279.8m306.9m283.1m307.2m320.5m329.4m

PP&E

212.3m235.0m259.7m282.8m298.2m309.1m323.1m327.9m332.7m361.5m337.0m

Goodwill

196.2m198.0m198.0m198.0m230.1m229.2m229.2m229.2m229.9m240.7m274.4m

Total Assets

788.2m846.8m865.7m891.6m968.9m1.1b1.1b1.1b1.1b1.2b1.3b1.6b

Accounts Payable

11.3m8.5m9.0m10.4m10.0m12.4m14.2m6.0m4.1m13.9m10.7m

Short-term debt

15.0m18.3m24.0m

Current Liabilities

175.5m161.7m180.8m197.0m128.8m167.8m178.9m161.3m183.4m187.9m197.5m209.0m224.0m

Long-term debt

177.5m15.0m15.0m15.0m3.8m7.5m14.5m14.5m14.5m258.1m

Total Debt

192.5m15.0m15.0m15.0m3.8m7.5m14.5m14.5m14.5m283.7m280.0m276.4m24.0m

Total Liabilities

429.9m417.4m436.3m452.2m505.2m571.9m579.3m539.6m554.2m554.8m539.2m

Additional Paid-in Capital

360.9m381.4m396.6m413.1m449.4m467.8m499.3m525.6m547.5m567.7m633.3m

Retained Earnings

3.5m1.4m9.0m14.8m21.7m19.8m33.7m113.2m

Total Equity

480.3m512.2m545.7m565.6m599.9m717.0m745.1m

Debt to Equity Ratio

0 x0 x0 x0 x0 x0.4 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

2.2 x2.1 x2 x2 x1.9 x1.7 x

athenahealth Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.6m(3.1m)14.0m21.0m

Depreciation and Amortization

61.9m18.1m118.0m

Accounts Receivable

(4.2m)(34.0m)(25.3m)

Inventories

3.3m4.3m4.2m5.1m

Accounts Payable

(233.0k)2.5m2.8m

Cash From Operating Activities

93.3m149.1m163.8m

Purchases of PP&E

(38.3m)(76.1m)(87.2m)(69.0m)

Cash From Investing Activities

(424.9m)(127.3m)(199.1m)(204.0m)

Long-term Borrowings

(173.7m)

Cash From Financing Activities

241.7m(12.8m)103.8m(2.0m)

Interest Paid

3.3m4.5m

Income Taxes Paid

1.3m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(10.6m)(8.1m)(10.2m)(11.8m)(8.8m)517.0k6.3m(833.0k)(2.7m)11.2m(1.4m)

Depreciation and Amortization

43.7m21.5m45.3m69.4m20.4m54.7m85.9m33.1m66.5m104.0m

Accounts Receivable

(13.1m)325.0k(10.2m)(14.2m)118.7m(4.4m)(21.9m)903.0k8.3m(3.1m)164.3m

Accounts Payable

7.4m3.9m4.6m5.1m10.0m2.6m5.6m(4.4m)(6.0m)2.2m4.4m

Cash From Operating Activities

56.2m14.1m63.8m104.1m74.6m102.9m8.3m82.0m136.0m68.0m148.0m

Purchases of PP&E

(21.4m)(5.3m)(29.0m)(51.1m)(42.0m)(65.1m)(18.7m)(34.0m)(52.9m)(51.0m)(16.0m)

Cash From Investing Activities

(397.3m)(13.6m)(52.5m)(89.7m)(124.6m)(155.5m)(39.5m)(78.3m)(137.0m)(163.0m)

Long-term Borrowings

(7.5m)(3.7m)(173.7m)(173.7m)(3.7m)(7.5m)(15.0m)(15.0m)

Cash From Financing Activities

248.5m(14.2m)(20.2m)(19.8m)81.1m96.0m(10.2m)(11.2m)(10.8m)(17.0m)(13.0m)

Interest Paid

2.0m1.5m

Income Taxes Paid

1.3m(761.0k)(754.0k)(812.0k)91.0k458.0k205.0k2.0m
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athenahealth Operating Metrics

athenahealth's Customers was reported to be 88 k in FY, 2016.
FY, 2013Y, 2014FY, 2015FY, 2016

Customers

50.21 k62 k75 k88 k
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athenahealth Human Capital

Job Roles

Q1, 2016
Male Engineers, percent84.1 %
Female Engineers, percent15.9 %
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athenahealth Employee Rating

3.2947 votes
Culture & Values
3.5
Work/Life Balance
3.6
Senior Management
2.7
Salary & Benefits
3.3
Career Opportunities
2.9
Source