Addus HomeCare Corporation (ADUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 6303 COWBOYS WAY
FRISCO, TX 75034
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8082 - Home Health Care 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
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments79,961168,895145,078111,71470,40653,754
Cash and cash equivalents79,961168,895145,078111,71470,40653,754
Receivables125,501144,511133,178151,247108,56488,952
Prepaid expense 7,5663,681  1,1913,456
Other current assets5,7142,4894,7432,3971,8113,048
Other undisclosed current assets4,0654,7654,6984,0293,5321,875
Total current assets:222,807324,341287,697269,387185,504151,085
Noncurrent Assets
Operating lease, right-of-use asset38,98036,04837,99121,111
Property, plant and equipment21,18218,48319,74912,15610,6587,489
Intangible assets, net (including goodwill)655,025568,713540,621332,447159,226106,935
Goodwill582,837504,392469,072275,368135,44290,339
Intangible assets, net (excluding goodwill)72,18864,32171,54957,07923,78416,596
Deferred income tax assets   6,5241,647
Other undisclosed noncurrent assets      1,601
Total noncurrent assets:715,187623,244604,885367,361169,884116,025
TOTAL ASSETS:937,994947,585892,582636,748355,388267,110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,400113,516110,84386,80061,44249,071
Employee-related liabilities57,08149,57444,730  
Accounts payable22,09219,35823,70519,64112,2384,271
Accrued liabilities38,30837,07737,56422,42949,20444,800
Debt   971728623,099
Other undisclosed current liabilities70,7464,17332,087   
Total current liabilities:131,146117,689143,90187,52861,50452,170
Noncurrent Liabilities
Long-term debt and lease obligation131,772253,771229,41773,46517,22239,860
Long-term debt, excluding current maturities131,772220,912193,90159,16417,22239,860
Liabilities, other than long-term debt41,5361,781588163635 
Other liabilities6,0571,781588163635 
Operating lease, liability35,47932,85935,51614,301
Other undisclosed noncurrent liabilities     494 
Total noncurrent liabilities:173,308255,552230,00573,62818,35139,860
Total liabilities:304,454373,241373,906161,15679,85592,030
Equity
Equity, attributable to parent633,540574,344518,676475,592275,533175,080
Common stock161616151312
Additional paid in capital393,208380,037369,495359,545177,68395,963
Retained earnings240,316194,291149,165116,03297,83779,105
Total equity:633,540574,344518,676475,592275,533175,080
TOTAL LIABILITIES AND EQUITY:937,994947,585892,582636,748355,388267,110

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues951,120864,499764,775648,791518,119425,715
Revenue, net425,715
Cost of revenue
(Cost of Goods and Services Sold)
(651,381)(594,651)(538,538)(469,553)(379,843)(310,119)
Gross profit:299,739269,848226,237179,238138,276115,596
Operating expenses(231,002)(203,912)(181,730)(144,486)(113,977)(89,357)
Operating income:68,73765,93644,50734,75224,29926,239
Nonoperating income3412686241,5232,592283
Investment income, nonoperating3412686241,5232,59266
Other nonoperating income      217
Interest and debt expense(8,907)(5,806)(3,189)(3,105)(5,016)(4,472)
Income from continuing operations before income taxes:60,17160,39841,94233,17021,87522,050
Income tax expense(14,146)(15,272)(8,809)(7,359)(4,498)(8,589)
Income from continuing operations:46,02545,12633,13325,81117,37713,461
Income before gain (loss) on sale of properties:45,12633,13325,81117,50313,608
Income from discontinued operations     126147
Other undisclosed net loss    (574)  
Net income available to common stockholders, diluted:46,02545,12633,13325,23717,50313,608

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:46,02545,12633,13325,23717,50313,608
Comprehensive income, net of tax, attributable to parent:46,02545,12633,13325,23717,50313,608

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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