Athenahealth inc (ATHN)
Balance Sheet / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current assets:
Cash and cash equivalents

303,400

222,100

142,000

165,100

122,700

71,200

98,000

147,400

129,994

134,297

100,591

141,900

116,712

104,867

32,593

73,787

59,530

56,245

51,263

65,002

62,274

33,558

47,807

154,988

112,314

92,330

52,491

57,781

66,107

47,370

45,582

35,944

24,054

27,945

30,526

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

0

9,587

27,160

40,950

45,290

53,200

74,270

0

0

0

0

38,092

67,887

63,029

63,550

62,084

52,359

57,038

57,152

80,231

73,560

61,457

52,323

Accounts receivable, net

167,400

183,700

193,400

169,500

163,900

170,300

164,300

161,600

151,313

139,829

147,254

148,200

144,781

127,263

118,656

121,710

101,507

97,561

87,018

87,343

97,417

93,319

92,572

61,916

53,312

50,885

53,058

49,038

47,116

43,927

42,714

36,870

36,151

35,247

33,323

Contract assets

79,900

80,200

86,400

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

-

-

12,504

4,707

13,614

-

120

119

123

6,118

2,134

4,511

8,023

6,907

5,895

5,971

5,527

5,245

4,598

4,818

4,347

3,856

3,945

3,932

5,544

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

45

194

3,000

0

0

1,357

1,357

-

3,344

4,047

0

-

-

-

-

-

-

-

Prepaid expenses and other current assets

63,700

62,300

56,000

46,800

42,800

46,400

41,400

34,200

39,210

33,098

35,283

30,200

32,892

33,334

26,931

22,177

23,057

19,964

18,531

17,194

18,824

19,798

16,469

10,924

15,369

13,975

12,549

8,988

8,295

7,189

8,327

6,749

6,635

6,529

4,663

Total current assets

614,400

548,300

477,800

381,400

329,400

287,900

303,700

343,200

320,517

307,224

283,128

320,300

306,889

279,758

218,954

258,624

229,549

227,134

231,399

178,657

180,649

151,186

166,228

274,184

254,777

229,534

191,222

183,136

178,475

160,342

158,122

163,650

144,345

135,110

126,379

Property and equipment, net

337,000

346,900

350,400

355,100

361,500

362,700

361,100

347,700

332,737

327,912

323,094

321,500

309,072

298,195

282,837

271,552

259,660

234,962

212,338

213,018

203,638

204,728

61,670

54,035

54,000

52,503

51,482

52,275

40,480

41,289

31,423

31,899

32,389

31,053

24,871

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

856

856

856

5,007

5,382

5,804

5,804

8,691

8,885

8,885

9,216

Capitalized software costs, net

154,700

150,500

144,200

139,700

136,000

126,400

125,300

125,800

127,135

123,495

115,832

107,500

102,127

95,913

85,305

56,574

51,243

45,184

35,625

29,987

26,912

22,428

18,829

16,050

11,895

9,372

8,187

6,974

5,826

4,812

4,225

3,642

2,954

2,768

2,324

Purchased intangible assets, net

96,600

101,400

103,100

108,600

113,700

118,900

107,700

112,100

117,149

116,119

119,933

126,200

131,995

138,188

144,249

139,422

145,543

152,532

161,172

168,364

174,165

180,382

159,722

21,561

17,794

18,546

19,299

20,052

19,812

11,731

12,191

12,651

13,111

13,570

14,490

Goodwill

281,300

281,300

274,400

274,400

274,400

274,100

240,700

240,700

240,662

229,935

229,157

229,200

229,157

229,157

230,147

198,049

198,049

198,049

198,049

198,049

196,183

196,183

196,183

48,090

47,307

47,307

47,307

47,307

48,307

22,450

22,450

22,450

22,407

22,120

22,120

Deferred tax assets, net

1,100

800

800

41,800

44,900

47,700

50,400

2,200

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

11,759

13,136

12,229

12,191

12,532

12,148

10,816

10,332

10,959

14,217

12,295

10,284

Investments and other assets

-

-

-

-

24,400

26,400

17,200

17,500

16,488

15,080

14,168

14,000

12,162

10,991

7,455

6,399

7,547

7,791

8,229

8,321

6,670

4,461

3,466

2,773

4,806

4,323

20,360

21,503

6,188

22,728

-

7,228

-

-

-

Other assets

103,900

97,200

96,600

31,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,510

-

3,235

1,116

1,393

Total assets

1,589,000

1,526,400

1,447,300

1,332,300

1,284,300

1,244,100

1,206,100

1,189,200

1,154,688

1,119,765

1,085,312

1,118,700

1,091,402

1,052,202

968,947

930,620

891,591

865,652

846,812

796,396

788,217

759,368

606,098

428,452

404,571

374,670

350,904

348,786

316,618

279,972

269,057

261,170

241,543

226,917

211,077

Liabilities & Stockholders Equity
Current liabilities:
Current portion of long-term debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,666

2,909

3,116

3,322

3,437

Accounts payable

2,900

15,100

8,900

10,600

10,700

5,700

4,400

9,500

13,903

4,086

5,956

10,800

14,219

12,387

9,982

9,410

10,404

9,021

8,517

3,930

11,302

6,679

5,256

1,733

3,650

2,755

4,556

6,318

3,230

1,348

2,648

559

1,102

2,246

1,880

Accrued compensation

112,000

89,700

68,600

94,700

83,700

63,500

55,600

89,700

82,929

82,795

51,721

88,100

75,732

66,882

41,164

71,768

54,982

48,884

33,087

44,444

40,364

37,108

22,775

36,393

32,194

27,493

16,829

28,176

20,962

18,196

12,585

19,178

16,608

14,647

15,774

Accrued expenses

52,000

46,000

46,000

51,500

53,900

57,200

57,000

51,700

46,183

50,118

56,760

51,400

45,652

48,382

43,377

37,033

45,154

39,183

27,328

24,380

25,134

23,373

29,368

19,683

16,829

17,200

17,753

17,774

15,053

11,316

10,404

10,981

10,827

11,316

10,781

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

35,000

35,000

35,000

35,000

35,000

50,000

50,000

105,000

0

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

25,800

24,000

22,100

20,200

18,300

16,400

14,600

18,300

14,531

14,523

14,517

10,800

7,500

3,750

0

14,550

15,000

15,000

15,000

15,000

15,000

15,000

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

31,300

34,200

30,700

30,700

30,900

34,400

33,600

28,700

30,373

31,859

32,368

32,600

35,807

36,387

34,283

28,949

27,680

26,874

28,843

27,002

33,623

35,064

36,358

8,209

6,371

6,301

6,311

6,345

5,723

5,528

5,364

4,978

5,408

5,419

4,038

Deferred tax liability, net

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,449

8,737

6,884

13,933

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

425

490

766

655

291

Current portion of deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

21

1,249

799

1,029

996

987

960

930

896

1,522

1,497

1,369

1,372

1,288

Total current liabilities

224,000

209,000

176,300

207,700

197,500

177,200

165,200

197,900

187,919

183,381

161,322

193,700

178,910

167,788

128,806

205,159

196,957

180,846

161,708

149,756

175,523

167,245

200,006

66,817

60,073

54,745

46,436

59,573

45,898

37,284

35,614

40,592

39,196

38,977

37,489

Deferred rent, net of current portion

30,100

30,700

29,500

29,300

29,800

30,300

30,800

30,800

31,209

31,361

31,514

31,100

26,969

25,919

22,281

19,412

13,237

4,911

1,829

1,478

1,294

0

2,095

2,854

2,174

2,458

2,684

2,932

3,179

3,258

5,583

5,960

6,403

6,746

7,444

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current portion

232,300

239,700

247,100

252,600

258,100

263,600

269,100

272,800

276,452

280,088

283,721

287,400

292,500

296,250

170,000

157,822

162,500

166,250

170,000

173,750

177,500

181,250

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, net

27,600

17,800

15,300

0

-

-

-

-

4,000

1,659

2,306

1,300

17,631

17,417

25,576

10,417

18,728

22,592

24,430

21,421

17,729

20,165

16,424

0

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

800

1,000

1,300

46,500

48,600

49,000

47,300

48,400

50,375

52,542

55,452

55,900

55,566

56,065

54,892

54,473

54,323

54,556

52,586

53,172

52,631

51,080

48,861

45,515

46,619

45,433

45,173

44,281

41,975

39,998

38,006

35,661

33,766

32,169

28,684

Other long-term liabilities

6,300

4,300

4,400

4,700

5,200

7,000

6,300

6,000

4,845

5,166

5,324

6,000

7,676

8,451

8,640

8,214

6,497

7,121

6,861

5,511

5,181

4,912

2,877

1,618

901

3,109

3,109

5,529

5,550

1,394

1,821

1,897

1,681

1,191

1,191

Debt and capital lease obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,757

6,307

6,943

7,643

8,951

Total liabilities

521,100

502,500

473,900

540,800

539,200

527,100

518,700

555,900

554,800

554,197

539,639

575,400

579,252

571,890

505,195

455,497

452,242

436,276

417,414

405,088

429,858

424,652

270,263

116,804

109,767

105,745

97,402

112,315

96,602

81,934

86,781

90,417

87,989

86,726

83,759

Commitments and contingencies (Note 1)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Stockholders equity:
Preferred stock, $0.01 par value: 5.0 shares authorized; no shares issued and outstanding at September 30, 2018 and December 31, 2017

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value: 125.0 shares authorized; 40.6 shares issued and outstanding at September 30, 2018; 40.1 shares issued and outstanding at December 31, 2017

400

400

400

400

400

400

400

400

407

406

406

400

401

399

398

395

394

393

390

387

385

381

380

376

376

372

370

367

366

362

361

358

355

354

352

Additional paid-in capital

687,200

668,900

654,300

646,700

633,300

618,100

598,400

591,500

567,712

547,470

525,611

522,400

499,321

467,821

449,415

443,259

413,125

396,597

381,358

380,967

360,869

338,457

326,974

303,547

292,559

272,981

261,668

247,131

236,307

219,153

208,586

200,339

190,588

181,113

169,715

Treasury stock, at cost

-

-

-

-

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

1,200

Accumulated other comprehensive loss

-1,900

-1,200

-700

-400

-600

-500

-500

-900

-732

-868

-819

-800

-1,165

4,294

15,490

24,188

27,278

32,203

45,305

-446

-150

-207

-25

-81

3

-84

-38

-101

-402

58

50

28

-114

-175

-73

Retained earnings

382,200

355,800

319,400

144,800

113,200

100,200

90,300

43,500

33,701

19,760

21,675

22,500

14,793

8,998

-351

8,481

-248

1,383

3,545

11,600

-1,545

-2,715

9,706

9,006

3,066

-3,144

-7,298

-9,726

-15,055

-20,335

-25,521

-28,772

-36,075

-39,901

-41,476

Total stockholders equity

1,067,900

1,023,900

973,400

791,500

745,100

717,000

687,400

633,300

599,888

565,568

545,673

543,300

512,150

480,312

463,752

475,123

439,349

429,376

429,398

391,308

358,359

334,716

335,835

311,648

294,804

268,925

253,502

236,471

220,016

198,038

182,276

170,753

153,554

140,191

127,318

Total liabilities and stockholders equity

1,589,000

1,526,400

1,447,300

1,332,300

1,284,300

1,244,100

1,206,100

1,189,200

1,154,688

1,119,765

1,085,312

1,118,700

1,091,402

1,052,202

968,947

930,620

891,591

865,652

846,812

796,396

788,217

759,368

606,098

428,452

404,571

374,670

350,904

348,786

316,618

279,972

269,057

261,170

241,543

226,917

211,077