athenahealth Cash, 30-Sept-2018303.4 M

athenahealth Funding

Summary Metrics

Founding Date

1997

athenahealth total Funding

$40 m

athenahealth investors

athenahealth Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

752.6m924.7m

Revenue growth, %

26%23%17%

Sales and marketing expense

229.9m

R&D expense

94.3m

General and administrative expense

144.6m

Operating expense total

468.7m75.2m

Depreciation and amortization

93.5m

EBIT

955.0k(4.1m)

EBIT margin, %

0%0%

Interest expense

4.7m5.8m

Income tax expense

(745.0k)(4.9m)(1.7m)

Net Income

(3.1m)14.0m21.0m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Revenue

163.0m185.9m190.4m206.4m224.7m236.1m256.1m261.9m276.7m285.4m

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

15.2m16.4m18.1m23.7m24.4m22.6m25.1m23.6m24.9m42.8m

General and administrative expense

29.4m30.4m31.8m36.2m36.1m34.8m40.9m41.3m41.9m31.4m

Operating expense total

44.5m46.9m49.9m59.9m60.5m57.3m66.1m64.9m66.7m74.2m80.2m

Depreciation and amortization

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

EBIT

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

EBIT margin, %

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

Interest expense

1.3m1.3m1.2m1.1m1.5m1.6m1.9m1.5m1.3m

Pre tax profit

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

Income tax expense

(4.5m)(739.0k)853.0k4.0m(8.0m)(3.4m)(731.0k)884.0k115.0k(1.3m)

Net Income

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

Cash

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

Accounts Receivable

36.9m49.0m61.9m87.3m121.7m121.7m148.2m148.2m161.6m169.5m

Prepaid Expenses

6.7m9.0m10.9m17.2m22.6m30.2m46.8m

Inventories

17.2m22.6m30.2m34.2m

Current Assets

163.7m183.1m274.2m178.7m178.7m259.1m259.1m320.3m320.3m343.2m381.4m

PP&E

31.9m52.3m54.0m213.0m271.6m271.6m321.5m321.5m347.7m355.1m

Goodwill

22.5m47.3m48.1m198.0m198.0m198.0m198.0m229.2m229.2m240.7m274.4m

Total Assets

261.2m348.8m428.5m796.4m796.4m932.0m932.0m1.1b1.1b1.2b1.3b

Accounts Payable

559.0k6.3m1.7m3.9m3.9m9.4m9.4m10.8m10.8m9.5m10.6m

Short-term debt

2.9m4.8m8.2m50.0m15.0m50.0m10.8m20.2m

Current Liabilities

40.6m59.6m66.8m149.8m149.8m205.6m205.6m193.7m193.7m197.9m207.7m

Long-term debt

6.3m173.8m173.8m15.0m158.8m10.8m287.4m18.3m252.6m

Total Debt

9.2m4.8m8.2m223.8m188.8m208.8m10.8m18.3m20.2m

Total Liabilities

90.4m112.3m116.8m405.1m456.9m575.4m555.9m540.8m

Common Stock

358.0k367.0k376.0k387.0k395.0k403.0k400.0k

Preferred Stock

Additional Paid-in Capital

200.3m247.1m303.5m381.0m381.0m443.3m443.3m522.4m522.4m591.5m646.7m

Retained Earnings

(28.8m)(9.7m)9.0m11.6m11.6m8.5m8.5m22.5m22.5m43.5m144.8m

Total Equity

170.8m236.5m311.6m391.3m475.1m543.3m543.3m633.3m791.5m

Debt to Equity Ratio

0.6 x0 x0 x0 x

Debt to Assets Ratio

0.3 x0.2 x0 x0 x0 x

Financial Leverage

1.5 x1.5 x1.4 x2 x2 x2.1 x2.1 x1.9 x1.7 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

27.9m24.1m45.6m47.4m66.1m52.5m92.3m112.3m47.8m33.6m62.3m51.3m56.2m59.5m32.6m104.9m116.7m100.6m134.3m130.0m98.0m71.2m122.7m142.0m222.1m303.4m

Accounts Receivable

35.2m36.2m42.7m43.9m47.1m53.1m50.9m53.3m92.6m93.3m97.4m87.0m97.6m101.5m118.7m127.3m144.8m147.3m139.8m151.3m164.3m170.3m163.9m193.4m183.7m167.4m

Prepaid Expenses

6.5m6.6m8.3m7.2m8.3m12.5m14.0m15.4m16.5m19.8m18.8m18.5m20.0m23.1m26.9m33.3m32.9m35.3m33.1m39.2m41.4m46.4m42.8m56.0m62.3m63.7m

Current Assets

135.1m144.3m158.1m160.3m178.5m191.2m229.5m254.8m166.2m151.2m180.6m231.4m227.1m229.5m219.0m279.8m306.9m283.1m307.2m320.5m303.7m287.9m329.4m477.8m548.3m614.4m

PP&E

31.1m32.4m31.4m41.3m40.5m51.5m52.5m54.0m61.7m204.7m203.6m212.3m235.0m259.7m282.8m298.2m309.1m323.1m327.9m332.7m361.1m362.7m361.5m350.4m346.9m337.0m

Goodwill

22.1m22.4m22.5m22.5m48.3m47.3m47.3m47.3m196.2m196.2m196.2m198.0m198.0m198.0m230.1m229.2m229.2m229.2m229.9m240.7m240.7m274.1m274.4m274.4m281.3m281.3m

Total Assets

226.9m241.5m269.1m280.0m316.6m350.9m374.7m404.6m606.1m759.4m788.2m846.8m865.7m891.6m968.9m1.1b1.1b1.1b1.1b1.2b1.2b1.2b1.3b1.4b1.5b1.6b

Accounts Payable

2.2m1.1m2.6m1.3m3.2m4.6m2.8m3.7m5.3m6.7m11.3m8.5m9.0m10.4m10.0m12.4m14.2m6.0m4.1m13.9m4.4m5.7m10.7m8.9m15.1m2.9m

Short-term debt

3.3m3.1m2.7m4.0m105.0m15.0m65.0m50.0m50.0m50.0m3.8m7.5m14.5m14.5m14.5m14.6m18.3m22.1m24.0m25.8m

Current Liabilities

39.0m39.2m35.6m37.3m45.9m46.4m54.7m60.1m200.0m167.2m175.5m161.7m180.8m197.0m128.8m167.8m178.9m161.3m183.4m187.9m165.2m177.2m197.5m176.3m209.0m224.0m

Long-term debt

7.6m6.9m5.8m181.3m177.5m170.0m166.3m162.5m265.0m296.3m292.5m283.7m280.1m276.5m269.1m247.1m239.7m232.3m

Total Debt

11.0m10.1m8.4m4.0m105.0m196.3m192.5m15.0m15.0m15.0m3.8m7.5m14.5m14.5m14.5m283.7m280.0m276.4m269.2m24.0m258.1m

Total Liabilities

86.7m88.0m86.8m81.9m96.6m97.4m105.7m109.8m270.3m424.7m429.9m417.4m436.3m452.2m505.2m571.9m579.3m539.6m554.2m554.8m518.7m527.1m539.2m473.9m502.5m521.1m

Common Stock

354.0k355.0k361.0k362.0k366.0k370.0k372.0k376.0k380.0k381.0k385.0k390.0k393.0k394.0k398.0k399.0k401.0k406.0k406.0k407.0k400.0k400.0k400.0k400.0k400.0k400.0k

Preferred Stock

Additional Paid-in Capital

181.1m190.6m208.6m219.2m236.3m261.7m273.0m292.6m327.0m338.5m360.9m381.4m396.6m413.1m449.4m467.8m499.3m525.6m547.5m567.7m598.4m618.1m633.3m654.3m668.9m687.2m

Retained Earnings

(39.9m)(36.1m)(25.5m)(20.3m)(15.1m)(7.3m)(3.1m)3.1m9.7m(2.7m)(1.5m)3.5m1.4m(248.0k)(351.0k)9.0m14.8m21.7m19.8m33.7m90.3m100.2m113.2m319.4m355.8m382.2m

Total Equity

140.2m153.6m182.3m198.0m220.0m253.5m268.9m294.8m335.8m334.7m358.4m429.4m429.4m439.3m463.8m480.3m512.2m545.7m565.6m599.9m687.4m717.0m745.1m973.4m1.0b1.1b

Debt to Equity Ratio

0.5 x0 x0 x0 x0 x0 x0 x0 x0 x0.4 x0.4 x0.4 x0 x

Debt to Assets Ratio

0.2 x0 x0 x0 x0 x0 x0 x0 x0 x0.2 x0.2 x0.2 x0 x

Financial Leverage

1.6 x1.6 x1.5 x1.4 x1.4 x1.4 x1.4 x1.4 x1.8 x2.3 x2.2 x2 x2 x2 x2.1 x2.2 x2.1 x2 x2 x1.9 x1.8 x1.7 x1.7 x1.5 x1.5 x1.5 x

athenahealth Cash Flow

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.6m5.4m3.3m8.4m13.7m2.4m6.6m12.8m700.0k(11.7m)(10.6m)(8.1m)(10.2m)(11.8m)(8.8m)517.0k6.3m(833.0k)(2.7m)11.2m(1.4m)8.5m21.5m31.1m67.5m93.9m

Depreciation and Amortization

6.0m9.3m3.9m8.1m13.4m6.3m12.9m20.3m10.1m26.2m43.7m21.5m45.3m69.4m26.5m54.7m85.9m33.1m66.5m104.0m37.5m72.8m109.3m

Accounts Receivable

(2.3m)(3.4m)(6.1m)(7.6m)(9.7m)(4.3m)(2.1m)(4.5m)(7.8m)(8.7m)(13.1m)325.0k(10.2m)(14.2m)4.2m(4.4m)(21.9m)903.0k8.3m(3.1m)(2.7m)(8.7m)(2.2m)(23.8m)(13.8m)2.5m

Accounts Payable

128.0k(395.0k)2.1m781.0k2.4m3.1m1.2m1.6m2.0m2.9m7.4m3.9m4.6m5.1m1.1m2.6m5.6m(4.4m)(6.0m)2.2m(1.2m)(1.1m)600.0k(1.4m)3.9m(6.7m)

Cash From Operating Activities

15.2m25.3m4.0m20.2m39.2m(379.0k)27.6m46.2m(5.5m)19.8m56.2m14.1m63.8m104.1m12.9m74.6m102.9m8.3m82.0m136.0m8.8m68.0m156.6m30.2m148.0m258.3m

Purchases of PP&E

(9.9m)(14.1m)(2.1m)(6.8m)(9.4m)(10.4m)(15.7m)(19.1m)(11.0m)(16.6m)(21.4m)(5.3m)(29.0m)(51.1m)(22.8m)(42.0m)(65.1m)(18.7m)(34.0m)(52.9m)(24.9m)(51.0m)(66.8m)(16.0m)(24.8m)(31.9m)

Cash From Investing Activities

(20.7m)(39.5m)4.6m(7.4m)(18.9m)(13.8m)(5.1m)(15.7m)(202.4m)(382.2m)(397.3m)(13.6m)(52.5m)(89.7m)(101.5m)(124.6m)(155.5m)(39.5m)(78.3m)(137.0m)(41.9m)(127.5m)(163.0m)(42.1m)(77.1m)(103.4m)

Short-term Borrowings

(105.0m)(95.0m)(95.0m)

Long-term Borrowings

(1.8m)(2.7m)(793.0k)(9.2m)(9.2m)105.0m(3.7m)(7.5m)(3.7m)(7.5m)(11.2m)(3.7m)(173.7m)(173.7m)(3.7m)(7.5m)(7.5m)(11.2m)(15.0m)(3.8m)(9.4m)(15.0m)

Cash From Financing Activities

2.9m7.7m949.0k(1.3m)10.3m8.9m12.1m24.0m100.7m241.2m248.5m(14.2m)(20.2m)(19.8m)47.2m81.1m96.0m(10.2m)(11.2m)(10.8m)(16.5m)(17.0m)(18.6m)(10.9m)(13.0m)(15.2m)

Net Change in Cash

(2.6m)(6.5m)9.6m11.4m30.2m(5.3m)34.5m54.5m(107.2m)(121.4m)(92.7m)(13.7m)(8.8m)(5.5m)(41.2m)31.1m42.9m(41.3m)(7.6m)(11.9m)(49.4m)(76.2m)(24.7m)(23.1m)57.0m138.3m

Interest Paid

284.0k437.0k177.0k225.0k236.0k51.0k927.0k2.0m1.5m2.4m3.5m252.0k2.7m3.9m1.8m3.6m5.0m1.6m3.0m4.5m1.6m3.3m5.0m

Income Taxes Paid

1.4m1.5m241.0k804.0k2.2m733.0k3.8m3.9m30.0k994.0k1.3m(761.0k)(754.0k)(812.0k)136.0k138.0k139.0k91.0k458.0k205.0k600.0k1.1m2.0m7.3m11.6m

athenahealth Ratios

USDY, 2009

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

athenahealth Human Capital

Job Roles

Q1, 2016
Male (Engineers), percent84.1 %
Female (Engineers), percent15.9 %

athenahealth Employee Rating

3.31162 votes
Culture & Values
3.6
Work/Life Balance
3.9
Senior Management
2.9
Salary & Benefits
3.6
Career Opportunities
3.4
Source