Cross Country Healthcare, Inc. (CCRN) Financial Statements (2023 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 millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 16 | 26 | 21 | 2 | ||||
| Cash and cash equivalents | 1 | 16 | 26 | 21 | 2 | ||||
| Receivables | 499 | 175 | 175 | 170 | 177 | 177 | 150 | ||
| Prepaid expense | 8 | 5 | 6 | 6 | 5 | 6 | 5 | ||
| Other current assets | 1 | 1 | 2 | 2 | 1 | 2 | 2 | ||
| Other undisclosed current assets | 2 | 1 | |||||||
| Total current assets: | 508 | 183 | 183 | 195 | 209 | 206 | 159 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 7 | 10 | 17 | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 18 | ||||||||
| Property, plant and equipment | 16 | 12 | 12 | 14 | 14 | 13 | 10 | ||
| Intangible assets, net (including goodwill) | 168 | 132 | 152 | 177 | 205 | 152 | 178 | ||
| Goodwill | 119 | 91 | 101 | 101 | 118 | 80 | 95 | ||
| Intangible assets, net (excluding goodwill) | 48 | 41 | 51 | 76 | 88 | 72 | 83 | ||
| Deferred costs | 1 | ||||||||
| Deferred income tax assets | 12 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 22 | 19 | 18 | 18 | 19 | 17 | 18 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 24 | 20 | ||||
| Other undisclosed noncurrent assets | 1 | (18) | |||||||
| Total noncurrent assets: | 225 | 174 | 199 | 232 | 259 | 183 | 207 | ||
| TOTAL ASSETS: | 733 | 357 | 382 | 427 | 468 | 388 | 366 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 73 | 36 | 31 | 33 | 34 | 33 | 32 | ||
| Employee-related liabilities | 66 | 36 | 31 | 33 | 34 | 33 | 29 | ||
| Taxes payable | 7 | 2 | |||||||
| Debt | 4 | 5 | 5 | 7 | 2 | 8 | |||
| Business combination, contingent consideration, liability | 8 | 2 | |||||||
| Other liabilities | 1 | 3 | 4 | 3 | 3 | 3 | 3 | ||
| Other undisclosed current liabilities | 114 | 54 | 43 | 44 | 51 | 59 | 43 | ||
| Total current liabilities: | 200 | 93 | 85 | 85 | 95 | 97 | 86 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 193 | 15 | 90 | 78 | 92 | 85 | 82 | ||
| Long-term debt, excluding current maturities | 182 | 71 | 78 | 92 | |||||
| Operating lease, liability | 11 | 15 | 19 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 85 | 82 | |||||||
| Liabilities, other than long-term debt | 35 | 27 | 21 | 29 | 28 | 39 | 5 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2 | ||||
| Accounts payable and accrued liabilities | 12 | 13 | 12 | 13 | 13 | 13 | |||
| Deferred compensation liability, classified | 1 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 0 | 13 | ||||
| Deferred income tax liabilities | 0 | 7 | ✕ | ✕ | ✕ | ✕ | |||
| Liability for uncertainty in income taxes | 1 | ||||||||
| Other liabilities | 14 | 8 | 4 | 9 | 9 | 7 | 0 | ||
| Business combination, contingent consideration, liability | 9 | 5 | 7 | 5 | 5 | ||||
| Other undisclosed noncurrent liabilities | 8 | 66 | 22 | 16 | 16 | 16 | 52 | ||
| Total noncurrent liabilities: | 236 | 109 | 133 | 123 | 135 | 139 | 139 | ||
| Total liabilities: | 435 | 202 | 219 | 209 | 230 | 237 | 225 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 298 | 154 | 163 | 218 | 237 | 151 | 141 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 322 | 310 | 306 | 303 | 305 | 257 | 254 | ||
| Accumulated other comprehensive loss | (1) | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Accumulated deficit | (23) | (155) | (142) | (84) | (67) | (104) | (112) | ||
| Stockholders' equity attributable to noncontrolling interest | 1 | 1 | 1 | 1 | 1 | 0 | |||
| Total stockholders' equity: | 298 | 155 | 164 | 218 | 238 | 152 | 141 | ||
| TOTAL LIABILITIES AND EQUITY: | 733 | 357 | 382 | 427 | 468 | 388 | 366 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,677 | 836 | 822 | 816 | 865 | 834 | 767 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 865 | 834 | 767 | |
| Cost of revenue | (1,313) | (646) | (632) | (621) | (647) | (617) | (575) | |
| Cost of goods and services sold | (1,302) | (634) | (618) | (607) | (636) | (612) | (570) | |
| Gross profit: | 364 | 190 | 190 | 195 | 218 | 217 | 193 | |
| Operating expenses | (225) | (199) | (206) | (208) | (207) | (211) | (172) | |
| Operating income (loss): | 139 | (9) | (16) | (13) | 12 | 6 | 21 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 1 | (0) | 0 | 0 | 0 | 0 | 0 | |
| Interest and debt expense | (7) | (3) | (7) | (6) | (9) | (8) | (7) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1) | 2 | 6 | (10) | ||||
| Income (loss) from continuing operations before income taxes: | 133 | (12) | (24) | (18) | 4 | 5 | 4 | |
| Income tax expense (benefit) | (1) | 0 | (32) | 2 | 35 | 4 | 1 | |
| Net income (loss): | 132 | (12) | (56) | (16) | 39 | 9 | 5 | |
| Net loss attributable to noncontrolling interest | (1) | (2) | (1) | (1) | (1) | (1) | ||
| Net income (loss) available to common stockholders, basic: | 132 | (13) | (58) | (17) | 38 | 8 | 4 | |
| Interest on convertible debt | 1 | 3 | ||||||
| Other undisclosed net loss available to common stockholders, diluted | (2) | (6) | ||||||
| Net income (loss) available to common stockholders, diluted: | 132 | (13) | (58) | (17) | 37 | 6 | 4 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 132 | (12) | (56) | (16) | 39 | 9 | 5 | |
| Other comprehensive income (loss) | (0) | (0) | 0 | (0) | ||||
| Other undisclosed comprehensive income (loss) | 0 | (0) | (0) | |||||
| Comprehensive income (loss): | 132 | (12) | (56) | (16) | 39 | 9 | 5 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | (2) | (1) | (1) | (1) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 132 | (13) | (57) | (17) | 38 | 8 | 4 | |
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.