2013 Form 10-K Financial Statement

#000119312514080251 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012
Revenue $1.373B $351.0M $1.446B
YoY Change -5.07% -9.58% 0.16%
Cost Of Revenue $838.6M $214.6M $839.8M
YoY Change -0.14% 1.08% 2885.18%
Gross Profit $534.5M $136.3M $606.5M
YoY Change -11.88% -22.51% -8.87%
Gross Profit Margin 38.92% 38.83% 41.94%
Selling, General & Admin $419.6M $104.4M $384.4M
YoY Change 9.17% 16.39% -0.83%
% of Gross Profit 78.51% 76.6% 63.37%
Research & Development $199.8M $50.00M $162.2M
YoY Change 23.18% 59.74% 55.76%
% of Gross Profit 37.37% 36.68% 26.74%
Depreciation & Amortization $178.8M $39.60M $150.2M
YoY Change 19.02% 12.5% 13.47%
% of Gross Profit 33.46% 29.05% 24.77%
Operating Expenses $619.4M $163.0M $546.5M
YoY Change 13.32% 25.1% 11.16%
Operating Profit -$127.6M -$26.70M $13.27M
YoY Change -1061.5% -158.55% -90.28%
Interest Expense $28.06M -$4.300M $16.19M
YoY Change 73.32% 7.5% -21.99%
% of Operating Profit 121.97%
Other Income/Expense, Net $7.310M $800.0K -$14.54M
YoY Change -150.26% 60.0% -963.15%
Pretax Income -$148.3M -$30.10M -$36.93M
YoY Change 301.66% -171.5% -134.73%
Income Tax -$44.32M -$5.800M -$16.31M
% Of Pretax Income
Net Earnings -$104.0M -$24.30M -$1.153M
YoY Change 8922.2% -193.46% -101.57%
Net Earnings / Revenue -7.58% -6.92% -0.08%
Basic Earnings Per Share -$0.59 -$0.01
Diluted Earnings Per Share -$0.59 -$146.6K -$0.01
COMMON SHARES
Basic Shares Outstanding 177.0M 171.7M shares 178.7M
Diluted Shares Outstanding 177.0M 178.7M

Balance Sheet

Concept 2013 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.00M $104.0M $104.0M
YoY Change -39.42% -34.09% -34.09%
Cash & Equivalents $63.00M $104.0M $104.0M
Short-Term Investments
Other Short-Term Assets $163.4M $166.5M $166.5M
YoY Change -1.86% 21.36% 21.36%
Inventory
Prepaid Expenses
Receivables $313.5M $302.1M $302.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $539.8M $572.6M $572.6M
YoY Change -5.73% -12.95% -12.95%
LONG-TERM ASSETS
Property, Plant & Equipment $174.0M $155.5M $155.5M
YoY Change 11.9% 26.87% 26.84%
Goodwill $1.039B
YoY Change 0.0%
Intangibles $479.0M
YoY Change -11.6%
Long-Term Investments $1.300M $1.700M $1.700M
YoY Change -23.53% 0.0% 0.0%
Other Assets $170.7M $50.30M $57.80M
YoY Change 195.33% -43.48% -38.51%
Total Long-Term Assets $2.080B $1.777B $1.777B
YoY Change 17.05% -3.73% -3.73%
TOTAL ASSETS
Total Short-Term Assets $539.8M $572.6M $572.6M
Total Long-Term Assets $2.080B $1.777B $1.777B
Total Assets $2.620B $2.350B $2.350B
YoY Change 11.5% -6.15% -6.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.00M $45.87M $45.90M
YoY Change 59.04% 11.3% 11.41%
Accrued Expenses $145.7M $93.10M $105.4M
YoY Change 38.24% 3.83% -13.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.40M $78.77M $79.30M
YoY Change -79.32% 76.31% 74.29%
Total Short-Term Liabilities $517.0M $518.1M $518.1M
YoY Change -0.21% 4.24% 4.25%
LONG-TERM LIABILITIES
Long-Term Debt $545.1M $362.7M $362.7M
YoY Change 50.29% 12.41% 12.4%
Other Long-Term Liabilities $159.7M $38.71M $58.50M
YoY Change 172.99% -43.56% -33.14%
Total Long-Term Liabilities $704.8M $401.4M $421.2M
YoY Change 67.33% 2.6% 2.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $517.0M $518.1M $518.1M
Total Long-Term Liabilities $704.8M $401.4M $421.2M
Total Liabilities $1.302B $1.065B $1.065B
YoY Change 22.18% 3.73% 3.73%
SHAREHOLDERS EQUITY
Retained Earnings -$17.53M
YoY Change 7.04%
Common Stock $2.571M
YoY Change 0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $278.0M
YoY Change 433.91%
Treasury Stock Shares 84.67M shares
Shareholders Equity $1.318B $1.284B $1.284B
YoY Change
Total Liabilities & Shareholders Equity $2.620B $2.350B $2.350B
YoY Change 11.5% -6.15% -6.16%

Cashflow Statement

Concept 2013 2012 Q4 2012
OPERATING ACTIVITIES
Net Income -$104.0M -$24.30M -$1.153M
YoY Change 8922.2% -193.46% -101.57%
Depreciation, Depletion And Amortization $178.8M $39.60M $150.2M
YoY Change 19.02% 12.5% 13.47%
Cash From Operating Activities $80.99M $58.20M $222.7M
YoY Change -63.63% -45.86% -17.15%
INVESTING ACTIVITIES
Capital Expenditures $74.13M -$28.30M $80.17M
YoY Change -7.53% 11.86% 80.94%
Acquisitions $148.9M $0.00
YoY Change
Other Investing Activities -$136.0M $0.00 $100.0K
YoY Change -136100.0% -98.94%
Cash From Investing Activities -$252.1M -$28.30M -$123.0M
YoY Change 104.93% 12.3% 28.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$11.45M $220.4M
YoY Change -105.19% 1248.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 131.9M -19.40M -154.9M
YoY Change -185.17% 110.87% 7.84%
NET CHANGE
Cash From Operating Activities 80.99M 58.20M 222.7M
Cash From Investing Activities -252.1M -28.30M -123.0M
Cash From Financing Activities 131.9M -19.40M -154.9M
Net Change In Cash -39.22M 10.50M -55.27M
YoY Change -29.04% -85.64% -287.73%
FREE CASH FLOW
Cash From Operating Activities $80.99M $58.20M $222.7M
Capital Expenditures $74.13M -$28.30M $80.17M
Free Cash Flow $6.857M $86.50M $142.5M
YoY Change -95.19% -34.86% -36.51%

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CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
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CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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CY2011 us-gaap Segment Reporting Disclosure Of Major Customers
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ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
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10-K
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2013-12-31
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CY2013 us-gaap Loss Contingency Allegations
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Counterclaims against Pegasus for breach of two license agreements, breach of warranty, breach of a settlement and arbitration agreement, and three counts of negligent misrepresentation
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CY2013 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 18px; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2"><b><i>Concentrations of Credit Risk</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 6px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2">Financial instruments that potentially subject us to a concentration of credit risk consist of cash, cash equivalents, marketable securities and trade receivables. We primarily maintain our cash balances with one major commercial bank domestically and several commercial banks internationally. Our cash equivalents and marketable securities are comprised of interest-bearing, investment-grade securities.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2">We sell our products and services to healthcare providers. Credit risk with respect to trade receivables is generally diversified due to the large number of clients and their geographic dispersion. To reduce credit risk, we perform ongoing credit evaluations of significant clients and their payment histories. In general, we do not require collateral from our clients, but we do enter into advance deposit, if appropriate.</font></p> <p style="MARGIN-BOTTOM: 0px; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: medium 'Times New Roman'; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> <font style="FONT-FAMILY: 'Times New Roman'" size="2">The majority of revenue is derived from clients located in the United States. The majority of long-lived assets are located in the United States. No single client accounted for more than 10% of our revenue in the years ended December&#xA0;31, 2013, 2012 and 2011. No client represented more than 10% of accounts receivable as of December&#xA0;31, 2013 or 2012.</font></p> </div>
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the U.S. (&#x201C;GAAP&#x201D;) requires us to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from these estimates.</font></p> </div>
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