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Air Methods - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Air Methods (ISIN: US0091283079, WKN: 881694) Kursdatum: 21.04.2017 Kurs: 42,950 USD
Beschreibung Daten
Symbol AIRM
Marktkapitalisierung 1.623.454.208,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Chemie
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2012-12-31 - 3:1 |
Internet
Letztes Bilanz Update 01.03.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.04.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
13,75 7,15 0,00% 5,43 32,00 16,71 1,39 2,84

Firmenbeschreibung

 

 

 

(16)

Unaudited Quarterly Financial Data

 

 

 

Summarized unaudited quarterly financial data for 2015 and 2014 is as follows (amounts in thousands except per share data):

 

 

 

 

 

Quarter

 

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

238,299

 

 

 

263,602

 

 

 

311,342

 

 

 

272,443

 

 

 

Operating income

 

 

25,787

 

 

 

48,736

 

 

 

82,277

 

 

 

43,056

 

 

 

Income from continuing operations before income taxes

 

 

21,166

 

 

 

44,745

 

 

 

77,118

 

 

 

36,888

 

 

 

Income from continuing operations

 

 

12,876

 

 

 

27,406

 

 

 

46,883

 

 

 

22,518

 

 

 

Net income

 

 

12,867

 

 

 

27,066

 

 

 

46,854

 

 

 

22,498

 

 

 

Net income attributable to Air Methods Corporation and subsidiaries

 

 

12,628

 

 

 

26,823

 

 

 

46,652

 

 

 

22,542

 

 

 

Basic income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.32

 

 

 

.69

 

 

 

1.17

 

 

 

.57

 

 

 

Discontinued operations

 

 

 

 

 

(.01

)

 

 

 

 

 

 

 

 

Diluted income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.32

 

 

 

.69

 

 

 

1.16

 

 

 

.57

 

 

 

Discontinued operations

 

 

 

 

 

(.01

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

221,069

 

 

 

257,637

 

 

 

276,917

 

 

 

249,150

 

 

 

Operating income

 

 

24,776

 

 

 

54,211

 

 

 

61,282

 

 

 

43,209

 

 

 

Income from continuing operations before income taxes

 

 

19,222

 

 

 

48,934

 

 

 

56,262

 

 

 

38,420

 

 

 

Income from continuing operations

 

 

11,577

 

 

 

29,802

 

 

 

34,371

 

 

 

23,628

 

 

 

Net income

 

 

11,052

 

 

 

28,924

 

 

 

33,840

 

 

 

21,654

 

 

 

Net income attributable to Air Methods Corporation and subsidiaries

 

 

10,889

 

 

 

28,790

 

 

 

33,717

 

 

 

21,475

 

 

 

Basic income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.29

 

 

 

.75

 

 

 

.92

 

 

 

.60

 

 

 

Discontinued operations

 

 

(.01

)

 

 

(.02

)

 

 

(.01

)

 

 

(.05

)

 

 

Diluted income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

.29

 

 

 

.75

 

 

 

.91

 

 

 

.59

 

 

 

Discontinued operations

 

 

(.01

)

 

 

(.02

)

 

 

(.01

)

 

 

(.05

)

 

 

 

Income per common share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly income per share does not necessarily equal the total computed for the year.

 

Firmenstrategie

RevenueRecognitionPolicyTextBlock

 

Revenue Recognition

 

Fixed fee revenue under the Company's operating agreements with hospitals and other institutions is recognized monthly over the terms of the agreements.

 

Revenue relating to emergency and tourism flights is recognized upon completion of the services. Revenue relating to emergency flights is recorded net of provisions for contractual discounts and estimated uncompensated care. The Company has from time to time experienced delays in reimbursement from third-party payers. In addition, third-party payers may disallow, in whole or in part, claims for reimbursement based on determinations that certain amounts are not reimbursable under plan coverage, determinations of medical necessity, or the need for additional information. Laws and regulations governing the Medicare and Medicaid programs are very complex and subject to interpretation. The Company also provides services to patients who have no insurance or other third-party payer coverage. As a result, there is a reasonable possibility that recorded estimates will change materially in the short-term. Such changes, including adjustments between provisions for contractual discounts and uncompensated care, are adjusted in future periods as adjustments become known. Retroactive adjustments may change the amounts realized from third-party payers.

 

The Company has contracts to manufacture and install medical equipment and modify aircraft for third parties. When the total cost to complete a project can be reasonably estimated, revenue is recorded as costs are incurred using the percentage of completion method of accounting. Losses on contracts in process are recognized when determined.

SegmentReportingDisclosureTextBlock

(15) Business Segment Information

 

The Company identifies operating segments based on management responsibility and the type of services or products offered. In the fourth quarter of 2014, the Company discontinued its long-range fixed wing operations, which were included in its Air Medical Services segment. See Note 3 for further discussion. Operating segments and their principal services or products are as follows:

 

· Air Medical Services (AMS) – provides air medical transportation services to the general population as an independent service and to hospitals or other institutions under exclusive operating agreements. Services include aircraft operation and maintenance, medical care, dispatch and communications, and medical billing and collection.
· Tourism – provides helicopter tours and charter flights, primarily focusing on Grand Canyon and Hawaiian Island tours.
· United Rotorcraft (UR) Division – designs, manufactures, and installs aircraft medical interiors and other aerospace and medical transport products for domestic and international customers.

 

The accounting policies of the operating segments are as described in Note 1. The Company evaluates the performance of its segments based on pretax income. Intersegment sales are reflected at market prices.

 

Summarized financial information for the Company’s operating segments is shown in the following table (amounts in thousands). Amounts in the “Corporate Activities” column represent corporate headquarters expenses and results of insignificant operations. As required by ASC 350, the Company has allocated goodwill among its segments as follows: $116,488,000 to the Air Medical Services Division, $10,749,000 to the Tourism Division, and $495,000 to the United Rotorcraft Division. The Company does not allocate total assets between operating segments for internal reporting and performance evaluation purposes.

 

    AMS     Tourism     UR     Corporate
Activities
    Intersegment
Eliminations
    Consolidated  
2015                                                
External revenue   $ 933,412       127,795       24,398       81             1,085,686  
Intersegment revenue                 21,976             (21,976 )      
Total revenue     933,412       127,795       46,374       81       (21,976 )     1,085,686  
                                                 
Operating expenses     (630,056 )     (105,700 )     (40,275 )     (46,294 )     19,849       (802,476 )
Depreciation & amortization     (69,687 )     (7,930 )     (3,407 )     (2,330 )           (83,354 )
Interest expense     (16,575 )     (3,417 )           (2,013 )     10       (21,995 )
Other, net     2,871       3             (808 )     (10 )     2,056  
Income tax expense                       (70,234 )           (70,234 )
Income (loss) from continuing operations     219,965       10,751       2,692       (121,598 )     (2,127 )     109,683  
Loss on discontinued operations, net of tax     (398 )                             (398 )
Net income (loss)     219,567       10,751       2,692       (121,598 )     (2,127 )     109,285  
Less net income (loss) attributable to non-controlling interests     (126 )     766                         640  
Net income (loss) attributable to Air Methods Corporation and subsidiaries   $ 219,693       9,985       2,692       (121,598 )     (2,127 )     108,645  

  

    AMS     Tourism     UR     Corporate
Activities
    Intersegment
Eliminations
    Consolidated  
2014                                                
External revenue   $ 863,867       116,036       24,784       86             1,004,773  
Intersegment revenue                 11,409             (11,409 )      
Total revenue     863,867       116,036       36,193       86       (11,409 )     1,004,773  
                                                 
Operating expenses     (579,196 )     (96,131 )     (35,312 )     (40,029 )     9,940       (740,728 )
Depreciation & amortization     (69,432 )     (6,740 )     (2,333 )     (2,062 )           (80,567 )
Interest expense     (16,186 )     (2,812 )           (2,753 )     1       (21,750 )
Other, net     1,646       5             (540 )     (1 )     1,110  
Income tax expense                       (63,460 )           (63,460 )
Income (loss) from continuing operations     200,699       10,358       (1,452 )     (108,758 )     (1,469 )     99,378  
Loss on discontinued operations, net of tax     (3,908 )                             (3,908 )
Net income (loss)     196,791       10,358       (1,452 )     (108,758 )     (1,469 )     95,470  
Less net income (loss) attributable to non-controlling interests     (168 )     767                         599  
Net income (loss) attributable to Air Methods Corporation and subsidiaries   $ 196,959       9,591       (1,452 )     (108,758 )     (1,469 )     94,871  
                                                 
2013                                                
External revenue   $ 798,271       56,599       24,195       96             879,161  
Intersegment revenue                 9,588             (9,588 )      
Total revenue     798,271       56,599       33,783       96       (9,588 )     879,161  
                                                 
Operating expenses     (573,617 )     (46,226 )     (32,654 )     (34,262 )     8,652       (678,107 )
Depreciation & amortization     (73,039 )     (2,960 )     (1,803 )     (1,712 )           (79,514 )
Interest expense     (16,670 )     (1,044 )           (2,609 )           (20,323 )
Other, net     1,209             (2 )     (71 )           1,136  
Income tax expense                       (39,752 )           (39,752 )
Income (loss) from continuing operations     136,154       6,369       (676 )     (78,310 )     (936 )     62,601  
Loss on discontinued operations, net of tax     (532 )                             (532 )

 

Income Per Share

 

Basic earnings per share is computed by dividing net income, plus or minus adjustments to redemption value of redeemable non-controlling interests, by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income, plus or minus adjustments to redemption value of redeemable non-controlling interests, by all outstanding and potentially dilutive common shares during the period.