AMN 2017 Annual Report

33 AMN HEALTHCARE SERVICES, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except par value) December 31, 2017 December 31, 2016 ASSETS Current assets: Cash and cash equivalents $ 15,147 $ 10,622 Accounts receivable, net of allowances of $9,801 and $11,376 at December 31, 2017 and 2016, respectively 350,496 341,977 Accounts receivable, subcontractor 41,012 49,233 Prepaid expenses 16,505 14,189 Other current assets 50,993 34,607 Total current assets 474,153 450,628 Restricted cash, cash equivalents and investments 64,315 31,287 Fixed assets, net of accumulated depreciation of $97,889 and $84,865 at December 31, 2017 and 2016, respectively 73,431 59,954 Other assets 74,366 57,534 Goodwill 340,596 341,754 Intangible assets, net of accumulated amortization of $90,685 and $72,057 at December 31, 2017 and 2016, respectively 227,096 245,724 Total assets $ 1,253,957 $ 1,186,881 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable and accrued expenses $ 130,319 $ 137,512 Accrued compensation and benefits 121,423 107,993 Current portion of notes payable — 3,750 Deferred revenue 8,384 8,924 Other current liabilities 5,146 16,611 Total current liabilities 265,272 274,790 Notes payable, less unamortized fees 319,843 359,192 Deferred income taxes, net 27,036 21,420 Other long-term liabilities 79,279 82,096 Total liabilities 691,430 737,498 Commitments and contingencies Stockholders’ equity: Preferred stock, $0.01 par value; 10,000 shares authorized; none issued and outstanding at December 31, 2017 and 2016 — — Common stock, $0.01 par value; 200,000 shares authorized; 48,411 issued and 47,481 shares outstanding, respectively, at December 31, 2017 and 48,055 shares issued and 47,612 shares outstanding, respectively, at December 31, 2016 484 481 Additional paid-in capital 453,351 452,491 Treasury stock, at cost (930 and 443 shares at December 31, 2017 and 2016, respectively) (33,425) (13,261) Retained earnings 142,229 9,671 Accumulated other comprehensive income (loss) (112) 1 Total stockholders’ equity 562,527 449,383 Total liabilities and stockholders’ equity $ 1,253,957 $ 1,186,881 See accompanying notes to consolidated financial statements.