Diversicare Healthcare Services Inc. (DVCR) Financial Statements (2024 and earlier)

Company Profile

Business Address 1621 GALLERIA BLVD.
BRENTWOOD, TN 37027
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8051 - Skilled Nursing Care Facilities (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   30,821   
Cash and cash equivalents   30,821   
Receivables53,62153,30660,05956,26854,70662,528
Prepaid expense    4,165  
Other undisclosed current assets30,12037,9446,38134,48535,2029,888
Total current assets:83,74191,25097,26194,91889,90872,416
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization386447508568618856
Operating lease, right-of-use asset275,422282,931290,296290,508297,296303,754
Property, plant and equipment   (91,914) 45,52046,527
Intangible assets, net (including goodwill)   5,202   
Intangible assets, net (excluding goodwill)   5,202   
Estimated insurance recoveries   1,025   
Other noncurrent assets3,8103,8463,7733,4503,1402,896
Other undisclosed noncurrent assets46,22146,988133,70149,3564,8514,747
Total noncurrent assets:325,839334,212342,591343,882351,425358,780
TOTAL ASSETS:409,580425,462439,852438,800441,333431,196
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,39731,37529,29430,04627,76930,762
Employee-related liabilities13,54814,42015,39319,64416,89117,111
Accounts payable14,84916,95513,90110,40210,87813,651
Deferred revenue10,53519,50525,90027,15720,400 
Debt1,6841,6771,6601,5162,4103,467
Self insurance reserve13,53314,12612,66512,79315,15014,254
Other liabilities13,14010,48514,74314,63113,55511,158
Other undisclosed current liabilities30,29229,42928,58326,21725,39024,529
Total current liabilities:97,581106,597112,845112,360104,67484,170
Noncurrent Liabilities
Long-term debt and lease obligation, including:57,85958,22558,52657,81057,54670,944
Long-term debt, excluding current maturities   59,958   
Finance lease, liability171224 314376390
Other undisclosed long-term debt and lease obligation(200,865)(208,434)(1,432)(218,413)(225,526)(218,633)
Liabilities, other than long-term debt22,23723,43425,63125,75929,25024,501
Deferred revenue     4,920 
Estimated litigation liability7,0007,0008,0008,0008,0008,000
Other liabilities1,7182,3532,1551,9611,6471,779
Operating lease, liability258,553266,435 275,909282,696289,187
Self insurance reserve13,51914,08115,47615,79814,68314,722
Other undisclosed noncurrent liabilities258,553266,435274,155275,909285,881289,187
Total noncurrent liabilities:338,649348,094358,312359,478372,677384,632
Total liabilities:436,230454,691471,157471,838477,351468,802
Equity
Equity, attributable to parent(26,650)(29,229)(31,305)(33,038)(36,018)(37,606)
Common stock717271707070
Treasury stock, value(2,500)(2,500)(2,500)(2,500)(2,500)(2,500)
Additional paid in capital24,85124,75424,59624,52024,44424,367
Accumulated other comprehensive income182938453348289
Accumulated deficit(49,090)(51,584)(53,510)(55,581)(58,380)(59,832)
Total equity:(26,650)(29,229)(31,305)(33,038)(36,018)(37,606)
TOTAL LIABILITIES AND EQUITY:409,580425,462439,852438,800441,333431,196

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues111,270113,360119,523117,965118,243119,987
Cost of revenue(106,346)(112,161)(115,457)(114,479)(111,412)(110,210)
Cost of goods and services sold(91,598)(96,829)(99,908)(98,706)(95,775)(94,859)
Gross profit:4,9241,1994,0663,4866,8319,777
Operating expenses(9,350)(9,060)(9,972)(8,585)(9,158)(9,046)
Other undisclosed operating income8,54711,3219,0919,5635,148 
Operating income (loss):4,1213,4603,1854,4642,821731
Nonoperating expense(913)(983)(1,975)(1,082)(800)(1,345)
Other nonoperating income (expense)17439(561)90409115
Interest and debt expense(1,087)(1,022)3,594(1,172)(1,209)(1,460)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1,0871,022(3,594)1,1721,2091,460
Income (loss) from continuing operations before equity method investments, income taxes:3,2082,4771,2103,3822,021(614)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:3,2082,4771,2103,3822,021(614)
Income tax expense (benefit)(354)(343)818(209)(182)104
Income (loss) from continuing operations:2,8542,1342,0283,1731,839(510)
Income (loss) before gain (loss) on sale of properties:2,4941,8881,6612,7991,452(753)
Loss from discontinued operations(360)(246)(367)(374)(387)(243)
Net income (loss) available to common stockholders, diluted:2,4941,8881,6612,7991,452(753)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):2,4941,8881,6612,7991,452(753)
Other comprehensive income (loss)(11)(9)(415)10559(279)
Comprehensive income (loss), net of tax, attributable to parent:2,4831,8791,2462,9041,511(1,032)

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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