Cross Country Healthcare Inc. (CCRN) Financial Statements (2025 and earlier)

Company Profile

Business Address 6551 PARK OF COMMERCE BOULEVARD, N.W.
BOCA RATON, FL 33487
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,0943,6041,036  16,019
Cash and cash equivalents17,0943,6041,036  16,019
Receivables388,347659,960498,951174,701174,539170,314
Prepaid expense7,68111,0677,6485,4556,0976,208
Other current assets2,0311,0426381,3551,6892,364
Other undisclosed current assets    1,6001,032 
Total current assets:415,153675,673508,273183,111183,357194,905
Noncurrent Assets
Operating lease, right-of-use asset2,5993,2547,48810,44716,964
Nontrade receivables25,71423,058    
Property, plant and equipment27,33919,66215,83312,35111,83213,628
Intangible assets, net (including goodwill)189,898207,991167,734131,655151,923176,644
Goodwill135,430163,268119,49090,924101,066101,060
Intangible assets, net (excluding goodwill)54,46844,72348,24440,73150,85775,584
Deferred income tax assets5,9547,09211,525  
Other noncurrent assets6,67311,10921,95619,40918,29818,076
Deferred tax assets, net23,750
Other undisclosed noncurrent assets5,987     
Total noncurrent assets:264,164272,166224,536173,862199,017232,098
TOTAL ASSETS:679,317947,839732,809356,973382,374427,003
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:85,333185,50772,88735,54031,30733,332
Taxes payable7,307   
Employee-related liabilities65,58035,54031,30733,332
Accounts payable 3,04012,863    
Accrued liabilities15,94627,057    
Other undisclosed accounts payable and accrued liabilities 66,347145,587    
Debt   4,176 4,8785,235
Business combination, contingent consideration, liability6,7947,5007,500 2,400 
Other liabilities1,5591,8761,3643,4973,5543,075
Other undisclosed current liabilities54,90176,757113,84354,38643,32643,744
Total current liabilities:148,587271,640199,77093,42385,46585,386
Noncurrent Liabilities
Long-term debt and lease obligation  150,675192,61515,23490,04477,944
Long-term debt, excluding current maturities  150,675181,762 70,97477,944
Liabilities, other than long-term debt37,28249,06334,75527,27921,35829,173
Accounts payable and accrued liabilities 14,79814,69911,77712,69212,45412,997
Deferred income tax liabilities   1906,592 
Liability for uncertainty in income taxes10,6037,646    
Other liabilities4,2183,83813,7887,9954,0378,767
Operating lease, liability2,6634,88010,85315,23419,070
Business combination, contingent consideration, liability 5,00018,0009,000 4,8677,409
Other undisclosed noncurrent liabilities20,05519,2428,14166,12822,00716,302
Total noncurrent liabilities:57,337218,980235,511108,641133,409123,419
Total liabilities:205,924490,620435,281202,064218,874208,805
Equity
Equity, attributable to parent473,393457,219297,528154,375162,632217,528
Common stock444444
Additional paid in capital236,417292,876321,552310,388305,643303,048
Accumulated other comprehensive loss(1,385)(1,387)(1,293)(1,280)(1,240)(1,462)
Retained earnings (accumulated deficit)238,357165,726(22,735)(154,737)(141,775)(84,062)
Equity, attributable to noncontrolling interest    534868670
Total equity:473,393457,219297,528154,909163,500218,198
TOTAL LIABILITIES AND EQUITY:679,317947,839732,809356,973382,374427,003

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,019,7282,806,6091,676,652836,417822,224816,484
Cost of revenue(1,587,665)(2,192,225)(1,312,573)(646,433)(632,180)(621,258)
Cost of goods and services sold(1,569,318)(2,178,923)(1,301,653)(633,685)(618,215)(606,921)
Gross profit:432,063614,384364,079189,984190,044195,226
Operating expenses(319,350)(341,276)(224,775)(199,144)(205,755)(208,106)
Operating income (loss):112,713273,108139,304(9,160)(15,711)(12,880)
Nonoperating income (expense)(2)1,336770(280)68418
Investment income, nonoperating      
Other nonoperating income (expense)(2)1,336770(280)68418
Interest and debt expense(9,817)(18,119)(6,866)(2,890)(7,284)(5,733)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (1,284) 
Income (loss) from continuing operations before income taxes:102,894256,325133,208(12,330)(24,211)(18,195)
Income tax expense (benefit)(30,263)(67,864)(1,206)188(31,732)2,478
Income (loss) from continuing operations:72,631188,461132,002(12,142)(55,943)(15,717)
Income (loss) before gain (loss) on sale of properties:132,002(12,142)(55,943)(15,717)
Net income (loss):72,631188,461132,002(12,142)(55,943)(15,717)
Net loss attributable to noncontrolling interest    (820)(1,770)(1,234)
Net income (loss) available to common stockholders, diluted:72,631188,461132,002(12,962)(57,713)(16,951)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):72,631188,461132,002(12,142)(55,943)(15,717)
Other comprehensive income (loss)   (13)(40)222(297)
Other undisclosed comprehensive loss  (94)    
Comprehensive income (loss):72,631188,367131,989(12,182)(55,721)(16,014)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (820)(1,770)(1,234)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2     
Comprehensive income (loss), net of tax, attributable to parent:72,633188,367131,989(13,002)(57,491)(17,248)

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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