ATI Physical Therapy, Inc. (ATIP) Financial Statements (2024 and earlier)

Company Profile

Business Address 790 REMINGTON BOULEVARD
BOILINGBROOK, IL 60440
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 805 - Nursing And Personal Care Facilities (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83,13948,6161,313
Cash and cash equivalents83,13948,6161,313
Receivables80,67382,455 
Prepaid expense13,5269,303346
Disposal group, including discontinued operation6,755  
Other current assets10,0403,204 
Other undisclosed current assets   
Total current assets:194,133143,5781,659
Noncurrent Assets
Operating lease, right-of-use asset226,092256,646 
Property, plant and equipment123,690139,730 
Intangible assets, net (including goodwill)533,0401,020,507 
Goodwill286,458608,811 
Intangible assets, net (excluding goodwill)246,582411,696 
Asset, held-in-trust   345,019
Other noncurrent assets2,0302,233 
Total noncurrent assets:884,8521,419,116345,019
TOTAL ASSETS:1,078,9851,562,694346,678
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:47,05946,9771,573
Employee-related liabilities27,257 
Accounts payable12,55915,146 
Accrued liabilities34,5004,574 
Other undisclosed accounts payable and accrued liabilities   1,573
Debt  8,167 
Estimated litigation liability   
Disposal group, including discontinued operation2,614  
Other undisclosed current liabilities66,84882,186112
Total current liabilities:116,521137,3301,685
Noncurrent Liabilities
Long-term debt and lease obligation 531,600794,396 
Long-term debt, excluding current maturities 531,600543,799 
Liabilities, other than long-term debt241,979115,120 
Deferred income tax liabilities18,88667,459 
Other liabilities1,8342,301 
Operating lease, liability218,424250,597 
Derivative instruments and hedges, liabilities2,83545,360 
Other undisclosed noncurrent liabilities984,34145,709
Total noncurrent liabilities:773,677913,85745,709
Total liabilities:890,1981,051,18747,394
Temporary equity, carrying amount140,340  
Equity
Equity, attributable to parent, including:43,958504,4185,000
Common stock 2020 
Treasury stock, value (95) 
Additional paid in capital1,378,6961,351,59718,611
Accumulated other comprehensive income4,89928 
Accumulated deficit(1,339,511)(847,132)(13,612)
Other undisclosed equity, attributable to parent (146) 1
Equity, attributable to noncontrolling interest4,4897,089 
Other undisclosed equity   294,284
Total equity:48,447511,507299,284
TOTAL LIABILITIES AND EQUITY:1,078,9851,562,694346,678

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues635,671627,871 
Gross profit:635,671627,871 
Operating expenses(689,143)(645,606) 
Other undisclosed operating loss(486,262)(962,303) 
Operating loss:(539,734)(980,038) 
Nonoperating income39,192174,899 
Investment income, nonoperating42,525175,140 
Other nonoperating expense(3,333)(241) 
Interest and debt expense(2,809)(5,534) 
Loss from continuing operations before income taxes:(503,351)(810,673) 
Income tax expense (benefit)48,53070,960 
Loss from continuing operations:(454,821)(739,713) 
Loss before gain (loss) on sale of properties:(739,713)
Other undisclosed net loss(38,226)(42,315) 
Net loss:(493,047)(782,028) 
Net income (loss) attributable to noncontrolling interest6683,700 
Net loss attributable to parent:(492,379)(778,328) 
Preferred stock dividends and other adjustments   
Other undisclosed net loss available to common stockholders, basic (17,876)  
Net loss available to common stockholders, diluted:(510,255)(778,328) 

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(493,047)(782,028) 
Other undisclosed comprehensive income (loss)4,8711,935 
Comprehensive loss:(488,176)(780,093) 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest6683,700 
Comprehensive loss, net of tax, attributable to parent:(487,508)(776,393) 

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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