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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,09414,3016732913,60430,320
Cash and cash equivalents17,09414,3016732913,60430,320
Receivables388,347423,419496,841636,125659,960617,099
Prepaid expense7,6814,7796,75310,93711,0673,952
Other current assets2,0312,7301,3671,2591,0428,646
Total current assets:415,153445,229505,634648,612675,673660,017
Noncurrent Assets
Operating lease, right-of-use asset2,5992,6282,3062,5063,2543,249
Nontrade receivables25,71422,32921,94622,78023,05820,753
Property, plant and equipment27,33926,26224,84423,08219,66218,556
Intangible assets, net (including goodwill)189,898192,686197,191204,606207,991160,103
Goodwill135,430135,430137,020141,520163,268113,360
Intangible assets, net (excluding goodwill)54,46857,25660,17163,08644,72346,743
Deferred income tax assets5,9546,5347,6187,7087,0928,791
Other noncurrent assets6,6736,61611,59111,24711,10911,043
Other undisclosed noncurrent assets5,9875,455    
Total noncurrent assets:264,164262,510265,496271,929272,166222,495
TOTAL ASSETS:679,317707,739771,130920,541947,839882,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:85,33357,42056,02169,684185,507141,932
Taxes payable19
Employee-related liabilities70,947
Accounts payable 3,040   12,863 
Accrued liabilities15,94657,42056,02169,68427,05770,966
Other undisclosed accounts payable and accrued liabilities 66,347   145,587 
Business combination, contingent consideration, liability6,7946,91015,80012,5007,5007,500
Other liabilities1,5591,6691,3592,2591,8761,803
Other undisclosed current liabilities54,901117,579142,847180,46576,757125,555
Total current liabilities:148,587183,578216,027264,908271,640276,790
Noncurrent Liabilities
Long-term debt and lease obligation   31,000138,443150,675138,568
Long-term debt, excluding current maturities   31,000138,443150,675133,075
Liabilities, other than long-term debt37,28221,84821,52029,34649,06314,661
Accounts payable and accrued liabilities 14,798   14,699 
Deferred income tax liabilities      237
Liability for uncertainty in income taxes10,6039,9069,1948,4277,646 
Other liabilities4,2183,9023,9764,0743,83814,424
Operating lease, liability2,6633,0403,1503,8454,8805,493
Business combination, contingent consideration, liability 5,0005,0005,20013,00018,000 
Other undisclosed noncurrent liabilities20,05532,65232,23535,91419,24229,784
Total noncurrent liabilities:57,33754,50084,755203,703218,980183,013
Total liabilities:205,924238,078300,782468,611490,620459,803
Equity
Equity, attributable to parent473,393469,661470,348451,930457,219422,709
Common stock444444
Additional paid in capital236,417241,732255,216258,144292,876297,143
Accumulated other comprehensive loss(1,385)(1,394)(1,379)(1,380)(1,387)(1,373)
Retained earnings238,357229,319216,507195,162165,726126,935
Total equity:473,393469,661470,348451,930457,219422,709
TOTAL LIABILITIES AND EQUITY:679,317707,739771,130920,541947,839882,512

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues414,035442,291540,695622,707628,218636,098
Cost of revenue(328,076)(349,459)(421,924)(488,206)(492,634)(496,257)
Cost of goods and services sold(323,546)(344,932)(417,556)(483,284)(489,276)(492,553)
Gross profit:85,95992,832118,771134,501135,584139,841
Operating expenses(72,535)(72,529)(83,582)(90,704)(84,120)(87,666)
Operating income:13,42420,30335,18943,79751,46452,175
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
131(134)(11)1221727
Interest and debt expense(586)(669)(4,872)(3,690)(5,331)(3,498)
Income from continuing operations before income taxes:12,96919,50030,30640,11946,35048,704
Income tax expense(3,931)(6,688)(8,961)(10,683)(7,559)(13,911)
Income from continuing operations:9,03812,81221,34529,43638,79134,793
Income before gain (loss) on sale of properties:34,793
Net income available to common stockholders, diluted:9,03812,81221,34529,43638,79134,793

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:9,03812,81221,34529,43638,79134,793
Other undisclosed comprehensive loss     (94) 
Comprehensive income:9,03812,81221,34529,43638,69734,793
Other undisclosed comprehensive income (loss), net of tax, attributable to parent9(15)1780(38)
Comprehensive income, net of tax, attributable to parent:9,04712,79721,34629,44338,77734,755

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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