Cross Country Healthcare Inc. (CCRN) Financial Statements (2024 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)

12/31/2023
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 investments3,6041,036  16,01925,537
Cash and cash equivalents3,6041,036  16,01925,537
Receivables659,960498,951174,701174,539170,314177,100
Prepaid expense11,0677,6485,4556,0976,2085,287
Other current assets1,0426381,3551,6892,364963
Other undisclosed current assets   1,6001,032  
Total current assets:675,673508,273183,111183,357194,905208,887
Noncurrent Assets
Operating lease, right-of-use asset3,2547,48810,44716,964
Nontrade receivables23,058     
Property, plant and equipment19,66215,83312,35111,83213,62814,086
Intangible assets, net (including goodwill)207,991167,734131,655151,923176,644205,267
Goodwill163,268119,49090,924101,066101,060117,589
Intangible assets, net (excluding goodwill)44,72348,24440,73150,85775,58487,678
Deferred income tax assets7,09211,525  
Other noncurrent assets11,10921,95619,40918,29818,07619,228
Deferred tax assets, net23,75020,219
Other undisclosed noncurrent assets      
Total noncurrent assets:272,166224,536173,862199,017232,098258,800
TOTAL ASSETS:947,839732,809356,973382,374427,003467,687
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:185,50772,88735,54031,30733,33234,271
Taxes payable7,307    
Employee-related liabilities65,58035,54031,30733,33234,271
Accounts payable12,863     
Accrued liabilities27,057     
Other undisclosed accounts payable and accrued liabilities145,587     
Debt  4,176 4,8785,2356,875
Business combination, contingent consideration, liability7,5007,500 2,400  
Other liabilities1,8761,3643,4973,5543,0752,845
Other undisclosed current liabilities76,757113,84354,38643,32643,74450,597
Total current liabilities:271,640199,77093,42385,46585,38694,588
Noncurrent Liabilities
Long-term debt and lease obligation 150,675192,61515,23490,04477,94492,259
Long-term debt, excluding current maturities 150,675181,762 70,97477,94492,259
Liabilities, other than long-term debt49,06334,75527,27921,35829,17327,524
Accounts payable and accrued liabilities14,69911,77712,69212,45412,99713,160
Deferred tax liabilities, net 105
Deferred income tax liabilities  1906,592 
Liability for uncertainty in income taxes7,646     
Other liabilities3,83813,7887,9954,0378,7679,171
Operating lease, liability4,88010,85315,23419,070
Business combination, contingent consideration, liability18,0009,000 4,8677,4095,088
Other undisclosed noncurrent liabilities19,2428,14166,12822,00716,30215,597
Total noncurrent liabilities:218,980235,511108,641133,409123,419135,380
Total liabilities:490,620435,281202,064218,874208,805229,968
Equity
Equity, attributable to parent457,219297,528154,375162,632217,528237,089
Common stock444444
Additional paid in capital292,876321,552310,388305,643303,048305,362
Accumulated other comprehensive loss(1,387)(1,293)(1,280)(1,240)(1,462)(1,166)
Retained earnings (accumulated deficit)165,726(22,735)(154,737)(141,775)(84,062)(67,111)
Equity, attributable to noncontrolling interest   534868670630
Total equity:457,219297,528154,909163,500218,198237,719
TOTAL LIABILITIES AND EQUITY:947,839732,809356,973382,374427,003467,687

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,806,6091,676,652836,417822,224816,484865,048
Revenue, net865,048
Cost of revenue(2,192,225)(1,312,573)(646,433)(632,180)(621,258)(646,680)
Cost of goods and services sold(2,178,923)(1,301,653)(633,685)(618,215)(606,921)(636,462)
Gross profit:614,384364,079189,984190,044195,226218,368
Operating expenses(341,276)(224,775)(199,144)(205,755)(208,106)(206,620)
Operating income (loss):273,108139,304(9,160)(15,711)(12,880)11,748
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,336770(280)68418155
Interest and debt expense(18,119)(6,866)(2,890)(7,284)(5,733)(9,183)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (1,284) 1,581
Income (loss) from continuing operations before income taxes:256,325133,208(12,330)(24,211)(18,195)4,301
Income tax expense (benefit)(67,864)(1,206)188(31,732)2,47834,501
Income (loss) from continuing operations:188,461132,002(12,142)(55,943)(15,717)38,802
Income (loss) before gain (loss) on sale of properties:132,002(12,142)(55,943)(15,717)38,802
Net income (loss):188,461132,002(12,142)(55,943)(15,717)38,802
Net loss attributable to noncontrolling interest   (820)(1,770)(1,234)(1,289)
Net income (loss) available to common stockholders, basic:188,461132,002(12,962)(57,713)(16,951)37,513
Interest on convertible debt      694
Other undisclosed net loss available to common stockholders, diluted      (1,581)
Net income (loss) available to common stockholders, diluted:188,461132,002(12,962)(57,713)(16,951)36,626

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):188,461132,002(12,142)(55,943)(15,717)38,802
Other comprehensive income (loss)  (13)(40)222(297) 
Other undisclosed comprehensive income (loss) (94)    75
Comprehensive income (loss):188,367131,989(12,182)(55,721)(16,014)38,877
Comprehensive loss, net of tax, attributable to noncontrolling interest   (820)(1,770)(1,234)(1,289)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:188,367131,989(13,002)(57,491)(17,248)37,588

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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