Last10K.com

Athenahealth Inc (ATHN) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Athenahealth Inc

HISTORY TOOLS
CIK: 1131096

Exhibit 99.1

ahlogoreleasea01.jpg
athenahealth Reports Fourth Quarter and Full Year 2017 Results

Q4 2017 Financial Results
•
14% Revenue Growth Over Fourth Quarter of 2016
•
GAAP Operating Income of $38.7 million
•
Non-GAAP Adjusted Operating Income of $77.6 million
•
GAAP Net Income of $31.6 million, or $0.78 Per Diluted Share
•
Non-GAAP Adjusted Net Income of $45.1 million, or $1.11 Per Diluted Share

Full Year 2017 Financial Results
•
13% Revenue Growth Over Full Year 2016
•
GAAP Operating Income of $70.6 million
•
Non-GAAP Adjusted Operating Income of $175.0 million
•
GAAP Net Income of $53.1 million, or $1.31 Per Diluted Share
•
Non-GAAP Adjusted Net Income of $101.0 million, or $2.48 Per Diluted Share
WATERTOWN, MA – February 1, 2018 –
athenahealth, Inc. (NASDAQ: ATHN), a leading provider of network-enabled services for hospital and ambulatory clients nationwide, today announced financial and operational results for the fourth quarter and full year 2017. We will conduct a conference call tomorrow, Friday, February 2, 2018, at 8:00 a.m. Eastern Time to discuss these results.

“Looking back on 2017, I am proud of all that we accomplished. It was an extraordinary year of network growth. We surpassed the 100 million patient threshold and now serve more than 100,000 healthcare providers,” said Jonathan Bush, chief executive officer of athenahealth. “We also took action to create a more focused and efficient company and enhance the depth of talent on our Board and management team. As a result, athenahealth is better positioned to drive increased levels of profitable growth, and enhance shareholder value. In 2018, I look forward to continued progress on our journey to transform the healthcare industry.”
Q4 2017 Financial Results
•
For the three months ended December 31, 2017, total revenue was $329.2 million, compared to $288.2 million in the same period last year, an increase of 14%.
•
For the three months ended December 31, 2017, GAAP Gross Margin was 55.6%, compared to 53.7% in the same period last year.
•
For the three months ended December 31, 2017, Service Automation Rate, formerly referred to as Non-GAAP Adjusted Gross Margin, was 68.0%, compared to 66.2% in the same period last year.
•
For the three months ended December 31, 2017, GAAP Operating Income was $38.7 million, or 11.8% of total revenue, compared to $12.4 million, or 4.3% of total revenue, in the same period last year.

1
The following information was filed by Athenahealth Inc on Thursday, February 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Athenahealth Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Athenahealth Inc.

Continue

Assess how Athenahealth Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Athenahealth Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Other
Filter Subcategory:
All
Product
Expense
Income
Earnings
Cash Flow
Other
Inside Athenahealth Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Business Combinations
Business Combinations Narrative (details)
Capitalized Software Costs
Capitalized Software Costs (tables)
Capitalized Software Costs Narrative (details)
Capitalized Software Costs Schedule Of Amortization Expense For Capitalized Software (details)
Capitalized Software Costs Schedule Of Capitalized Software (details)
Debt
Debt (tables)
Debt Narrative (details)
Debt Schedule Of Maturities Of Long Term Debt (details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (tables)
Fair Value Of Financial Instruments Narrative (details)
Fair Value Of Financial Instruments Reconciliations For Fair Values Of Financial Instruments Determined By Level 3 (details)
Fair Value Of Financial Instruments Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis (details)
Goodwill And Purchased Intangible Assets
Goodwill And Purchased Intangible Assets (tables)
Goodwill And Purchased Intangible Assets Narrative (details)
Goodwill And Purchased Intangible Assets Schedule Of Acquired Finite-lived Intangible Assets By Major Class (details)
Goodwill And Purchased Intangible Assets Schedule Of Finite Lived Intangible Assets Future Amortization Expense (details)
Goodwill And Purchased Intangible Assets Schedule Of Goodwill (details)
Income Taxes
Income Taxes (tables)
Income Taxes Components Of Income (loss) Before Income Tax (details)
Income Taxes Current Foreign Tax Expense (benefit) (details)
Income Taxes Narrative (details)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities (details)
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation (details)
Income Taxes Summary Of Positions For Which Significant Change In Unrecognized Tax Benefits Is Reasonably Possible (details)
Nature Of Operations And Summary Of Significant Accounting Policies
Nature Of Operations And Summary Of Significant Accounting Policies (policies)
Nature Of Operations And Summary Of Significant Accounting Policies (tables)
Nature Of Operations And Summary Of Significant Accounting Policies Accrued Expenses (details)
Nature Of Operations And Summary Of Significant Accounting Policies Activity In Allowance For Doubtful Accounts (details)
Nature Of Operations And Summary Of Significant Accounting Policies Activity Related To Exit Costs (details)
Nature Of Operations And Summary Of Significant Accounting Policies Narrative (details)
Nature Of Operations And Summary Of Significant Accounting Policies Prepaid Expenses And Other Current Assets (details)
Nature Of Operations And Summary Of Significant Accounting Policies Summary Of Estimated Useful Lives (details)
Net Income (loss) Per Share
Net Income (loss) Per Share (tables)
Net Income (loss) Per Share Narrative (details)
Net Income (loss) Per Share Net (loss) Income Per Share (details)
Operating Leases
Operating Leases (tables)
Operating Leases Narrative (details)
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases (details)
Property And Equipment
Property And Equipment (tables)
Property And Equipment Narrative (details)
Property And Equipment Schedule Of Property And Equipment (details)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (tables)
Quarterly Financial Information (unaudited) Schedule Of Quarterly Financial Information (details)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation Narrative (details)
Stock-based Compensation Schedule Of Amortization Of Stock-based Compensation Associated With Capitalized Software (details)
Stock-based Compensation Schedule Of Employee Service Share-based Compensation, Allocation Of Recognized Period Costs (details)
Stock-based Compensation Schedule Of Nonvested Restricted Stock Units Activity (details)
Stock-based Compensation Schedule Of Share-based Compensation, Stock Options, Activity (details)
Stock-based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions (details)
CIK: 1131096
Form Type: 10-K Annual Report
Accession Number: 0001131096-18-000022
Submitted to the SEC: Thu Feb 01 2018 4:12:32 PM EST
Accepted by the SEC: Thu Feb 01 2018
Period: Sunday, December 31, 2017
Industry: Business Services

External Resources:
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/1131096/0001131096-18-000022.htm