The Pennant Group, Inc. (PNTG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1675 E. RIVERSIDE DRIVE, SUITE 150
EAGLE, ID 83616
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 80 - Health Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0795,19043402
Cash and cash equivalents2,0795,19043402
Receivables53,42053,94047,22132,183
Other undisclosed current assets18,32316,71112,3356,098
Total current assets:73,82275,84159,59938,683
Noncurrent Assets
Operating lease, right-of-use asset260,868300,997308,650316,328
Property, plant and equipment26,62116,78817,88414,644
Intangible assets, net (including goodwill)138,114127,995113,93274,740
Goodwill79,49774,26566,44441,233
Intangible assets, net (excluding goodwill)58,61753,73047,48833,507
Restricted cash and investments10,5454,8284,2891,955
Deferred income tax assets2,1493,8482,097 
Other undisclosed noncurrent assets   5251,400
Total noncurrent assets:438,297454,456447,377409,067
TOTAL ASSETS:512,119530,297506,976447,750
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities53,61455,51774,90938,907
Employee-related liabilities23,48026,87316,343
Accounts payable13,64710,5539,7618,653
Accrued liabilities39,96721,48438,27513,911
Debt    12,285
Other undisclosed current liabilities16,63316,11814,106 
Total current liabilities:70,24771,63589,01551,192
Noncurrent Liabilities
Long-term debt and lease obligation:  287,753296,615304,044
Liabilities, other than long-term debt253,3235,29311,8972,877
Other liabilities6,2815,29311,8972,877
Operating lease, liability247,042287,753296,615304,044
Other undisclosed noncurrent liabilities62,89251,3728,27718,526
Total noncurrent liabilities:316,215344,418316,789325,447
Total liabilities:386,462416,053405,804376,639
Equity
Equity, attributable to parent121,012110,19996,57971,111
Common stock29282828
Treasury stock, value(65)(65)(65) 
Additional paid in capital99,76495,59584,67174,882
Retained earnings (accumulated deficit)21,28414,64111,945(3,799)
Equity, attributable to noncontrolling interest4,6454,0454,593 
Total equity:125,657114,244101,17271,111
TOTAL LIABILITIES AND EQUITY:512,119530,297506,976447,750

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues473,241439,694390,953338,531
Cost of revenue(405,703)(375,781)(319,176)(289,171)
Cost of goods and services sold(376,638)(353,093)(296,874)(258,941)
Gross profit:67,53863,91371,77749,360
Operating expenses(54,799)(59,218)(52,860)(43,690)
Operating income:12,7394,69518,9175,670
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(31)(24)  
Interest and debt expense(3,816)(1,941)(1,239)(78)
Income from continuing operations before equity method investments, income taxes:8,8922,73017,6785,592
Other undisclosed income (loss) from continuing operations before income taxes   225(332)
Income from continuing operations before income taxes:8,8922,73017,9035,260
Income tax expense(1,649)(582)(2,350)(2,085)
Income from continuing operations:7,2432,14815,5533,175
Income before gain (loss) on sale of properties:2,14815,5533,175
Net income:7,2432,14815,5533,175
Net income (loss) attributable to noncontrolling interest(600)548191(629)
Net income available to common stockholders, diluted:6,6432,69615,7442,546

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:7,2432,14815,5533,175
Comprehensive income:7,2432,14815,5533,175
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(600)548191(629)
Comprehensive income, net of tax, attributable to parent:6,6432,69615,7442,546

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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