ACTG 3110 Study Guide - Final Guide: Financial Statement, Interest Expense, The Purchase Price
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I need 8 Finanical Ratio's and benchmarks see list below forAllscript Health Solutions finiacial data included ratios and anindustry benchmark, and a dashboard (1 page graphicalrepresentation of 5 ratios). The analysis will include at leastthree recommendations on specific action that can be taken by theorganization to improve financial performance.
CONSOLIDATED BALANCE SHEETS -USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 | Dec.31,2013 |
Current assets: | |||
Cash and cash equivalents | $ 116,873 | $ 53,173 | $62,954 |
Accounts receivable, net ofallowance of $31,266 and $36,047 as of December 31, 2015 and 2014,respectively | 327,851 | 331,625 | 313,486 |
Prepaid expenses and othercurrent assets | 93,622 | 102,392 | 107,911 |
Total current assets | 538,346 | 487,190 | 539,819 |
Long-term marketablesecurities | 0 | 1,305 | 1,329 |
Fixed assets, net | 125,617 | 145,830 | 174,013 |
Software development costs,net | 85,775 | 86,153 | 88,244 |
Intangible assets, net | 347,646 | 403,362 | 455,971 |
Goodwill | 1,222,601 | 1,200,746 | 1,189,585 |
Deferred taxes, net | 2,298 | 1,984 | 7,361 |
Other assets | 359,665 | 137,760 | 163,341 |
Total assets | 2,681,948 | 2,464,330 | 2,619,662 |
Current liabilities: | |||
Accounts payable | 60,004 | 70,824 | 72,956 |
Accrued expenses | 62,021 | 78,967 | 96,499 |
Accrued compensation andbenefits | 62,398 | 51,062 | 80,196 |
Deferred revenue | 315,925 | 293,022 | 251,038 |
Current maturities oflong-term debt and capital lease obligations | 12,609 | 27,498 | 16,350 |
Total current liabilities | 512,957 | 521,373 | 517,039 |
Long-term debt | 612,405 | 539,193 | 545,133 |
Deferred revenue | 20,273 | 23,168 | 29,080 |
Deferred taxes, net | 22,164 | 21,119 | 79,694 |
Other liabilities | 95,076 | 75,257 | 130,572 |
Total liabilities | $ 1,262,875 | $ 1,180,110 | $1,301,518 |
Commitments andcontingencies | |||
Stockholdersâ equity: | |||
Preferred stock: $0.01 parvalue, 1,000 shares authorized, no shares issued and outstanding asof December 31, 2015 and 2014 | $ 0 | $ 0 | $0 |
Common stock: $0.01 par value,349,000 shares authorized as of December 31, 2015 and 2014; 266,545and 189,308 shares issued and outstanding as of December 31, 2015,respectively; 265,138 and 180,466 shares issued and outstanding asof December 31, 2014, respectively | 2,665 | 2,651 | 2635 |
Treasury stock: at cost,77,237 and 84,672 shares as of December 31, 2015 and 2014,respectively | (189,753) | (278,036) | -278,036 |
Additional paid-incapital | 1,789,449 | 1,749,593 | 1,716,847 |
Accumulated deficit | (190,235) | (188,009) | -121556 |
Accumulated othercomprehensive loss | (4,242) | (1,979) | -1745 |
Total Allscripts HealthcareSolutions, Inc.'s stockholders' equity | 1,407,884 | 1,284,220 | 1,318,145 |
Non-controlling interest | 11,189 | 0 | 0 |
Total stockholders'equity | 1,419,073 | 1,284,220 | 1,318,145 |
Total liabilities andstockholders' equity | $ 2,681,948 | $ 2,464,330 | 2,619,663 |
CONSOLIDATEDSTATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Revenue: | |||
Software delivery, support andmaintenance | $ 918,430 | $ 907,343 | $ 918,686 |
Client services | 467,963 | 470,530 | 454,375 |
Total revenue | 1,386,393 | 1,377,873 | 1,373,061 |
Cost of revenue: | |||
Software delivery, support andmaintenance | 291,804 | 312,898 | 325,471 |
Client services | 432,038 | 437,776 | 427,933 |
Amortization of softwaredevelopment and acquisition-related assets | 81,986 | 81,215 | 85,201 |
Total cost of revenue | 805,828 | 831,889 | 838,605 |
Gross profit | 580,565 | 545,984 | 534,456 |
Selling, general andadministrative expenses | 339,175 | 358,681 | 419,599 |
Research and development | 184,791 | 192,821 | 199,751 |
Asset impairment charges | 1,544 | 2,390 | 11,454 |
Amortization of intangible andacquisition-related assets | 23,172 | 31,280 | 31,253 |
Income (loss) fromoperations | 31,883 | (39,188) | (127,601) |
Interest expense | (31,396) | (29,297) | (28,055) |
Other income, net | 2,183 | 766 | 7,310 |
Equity in net earnings ofunconsolidated investments | (2,100) | (398) | 0 |
Income (loss) before incometaxes | 570 | (68,117) | (148,346) |
Income tax (provision)benefit | (2,626) | 1,664 | 44,320 |
Net loss | (2,056) | (66,453) | (104,026) |
Less: Net income attributableto non-controlling interest | (170) | 0 | 0 |
Net loss attributable toAllscripts Healthcare Solutions, Inc. stockholders | $ (2,226) | $ (66,453) | $ (104,026) |
Loss per share - basic anddiluted attributable to Allscripts Healthcare Solutions, Inc.stockholders | $ (0.01) | $ (0.37) | $ (0.59) |
2015 | 2014 | 2013 | Benchmark | |||||
ProfitabilityRatios | ||||||||
Cash Flow Margin | ||||||||
Operating Cash Flow | ||||||||
Free Operating Cash Flow | ||||||||
Growth rate in equity | ||||||||
Economic value added | ||||||||
Economic value added toCapital | ||||||||
Capitalization ratio | ||||||||
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I need 10 Finanical Ratio's and benchmarks see list below forAllscript Health Solutions finiacial data included ratios and anindustry benchmark, and a dashboard (1 page graphicalrepresentation of 5 ratios). The analysis will include at leastthree recommendations on specific action that can be taken by theorganization to improve financial performance.
CONSOLIDATED BALANCE SHEETS -USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 | Dec.31,2013 |
Current assets: | |||
Cash and cash equivalents | $ 116,873 | $ 53,173 | $62,954 |
Accounts receivable, net ofallowance of $31,266 and $36,047 as of December 31, 2015 and 2014,respectively | 327,851 | 331,625 | 313,486 |
Prepaid expenses and othercurrent assets | 93,622 | 102,392 | 107,911 |
Total current assets | 538,346 | 487,190 | 539,819 |
Long-term marketablesecurities | 0 | 1,305 | 1,329 |
Fixed assets, net | 125,617 | 145,830 | 174,013 |
Software development costs,net | 85,775 | 86,153 | 88,244 |
Intangible assets, net | 347,646 | 403,362 | 455,971 |
Goodwill | 1,222,601 | 1,200,746 | 1,189,585 |
Deferred taxes, net | 2,298 | 1,984 | 7,361 |
Other assets | 359,665 | 137,760 | 163,341 |
Total assets | 2,681,948 | 2,464,330 | 2,619,662 |
Current liabilities: | |||
Accounts payable | 60,004 | 70,824 | 72,956 |
Accrued expenses | 62,021 | 78,967 | 96,499 |
Accrued compensation andbenefits | 62,398 | 51,062 | 80,196 |
Deferred revenue | 315,925 | 293,022 | 251,038 |
Current maturities oflong-term debt and capital lease obligations | 12,609 | 27,498 | 16,350 |
Total current liabilities | 512,957 | 521,373 | 517,039 |
Long-term debt | 612,405 | 539,193 | 545,133 |
Deferred revenue | 20,273 | 23,168 | 29,080 |
Deferred taxes, net | 22,164 | 21,119 | 79,694 |
Other liabilities | 95,076 | 75,257 | 130,572 |
Total liabilities | $ 1,262,875 | $ 1,180,110 | $1,301,518 |
Commitments andcontingencies | |||
Stockholdersâ equity: | |||
Preferred stock: $0.01 parvalue, 1,000 shares authorized, no shares issued and outstanding asof December 31, 2015 and 2014 | $ 0 | $ 0 | $0 |
Common stock: $0.01 par value,349,000 shares authorized as of December 31, 2015 and 2014; 266,545and 189,308 shares issued and outstanding as of December 31, 2015,respectively; 265,138 and 180,466 shares issued and outstanding asof December 31, 2014, respectively | 2,665 | 2,651 | 2635 |
Treasury stock: at cost,77,237 and 84,672 shares as of December 31, 2015 and 2014,respectively | (189,753) | (278,036) | -278,036 |
Additional paid-incapital | 1,789,449 | 1,749,593 | 1,716,847 |
Accumulated deficit | (190,235) | (188,009) | -121556 |
Accumulated othercomprehensive loss | (4,242) | (1,979) | -1745 |
Total Allscripts HealthcareSolutions, Inc.'s stockholders' equity | 1,407,884 | 1,284,220 | 1,318,145 |
Non-controlling interest | 11,189 | 0 | 0 |
Total stockholders'equity | 1,419,073 | 1,284,220 | 1,318,145 |
Total liabilities andstockholders' equity | $ 2,681,948 | $ 2,464,330 | 2,619,663 |
CONSOLIDATEDSTATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Revenue: | |||
Software delivery, support andmaintenance | $ 918,430 | $ 907,343 | $ 918,686 |
Client services | 467,963 | 470,530 | 454,375 |
Total revenue | 1,386,393 | 1,377,873 | 1,373,061 |
Cost of revenue: | |||
Software delivery, support andmaintenance | 291,804 | 312,898 | 325,471 |
Client services | 432,038 | 437,776 | 427,933 |
Amortization of softwaredevelopment and acquisition-related assets | 81,986 | 81,215 | 85,201 |
Total cost of revenue | 805,828 | 831,889 | 838,605 |
Gross profit | 580,565 | 545,984 | 534,456 |
Selling, general andadministrative expenses | 339,175 | 358,681 | 419,599 |
Research and development | 184,791 | 192,821 | 199,751 |
Asset impairment charges | 1,544 | 2,390 | 11,454 |
Amortization of intangible andacquisition-related assets | 23,172 | 31,280 | 31,253 |
Income (loss) fromoperations | 31,883 | (39,188) | (127,601) |
Interest expense | (31,396) | (29,297) | (28,055) |
Other income, net | 2,183 | 766 | 7,310 |
Equity in net earnings ofunconsolidated investments | (2,100) | (398) | 0 |
Income (loss) before incometaxes | 570 | (68,117) | (148,346) |
Income tax (provision)benefit | (2,626) | 1,664 | 44,320 |
Net loss | (2,056) | (66,453) | (104,026) |
Less: Net income attributableto non-controlling interest | (170) | 0 | 0 |
Net loss attributable toAllscripts Healthcare Solutions, Inc. stockholders | $ (2,226) | $ (66,453) | $ (104,026) |
Loss per share - basic anddiluted attributable to Allscripts Healthcare Solutions, Inc.stockholders | $ (0.01) | $ (0.37) | $ (0.59) |
Capital Structure Ratios | ||||||||
Capitalization ratios | ||||||||
Equity ratio | ||||||||
Capitalization ratio | ||||||||
Fixed asset financingratio | ||||||||
Coverage ratio | ||||||||
Cash flow to toal debt | ||||||||
Debt service coverage | ||||||||
Cash flow coverage | ||||||||
Cushion ratio | ||||||||
Capital expense ratio | ||||||||