Genesis Healthcare, Inc. (GENN) financial statements (2022 and earlier)
Company profile
| Business Address |
101 EAST STATE STREET KENNETT SQUARE, PA 19348 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 8051 - Skilled Nursing Care Facilities (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 212 | 12 | 21 | 55 | 51 | 62 | 4 | ||
| Cash and cash equivalents | 212 | 12 | 21 | 55 | 51 | 62 | 4 | ||
| Restricted cash and investments | 90 | 95 | 109 | 37 | 44 | 53 | |||
| Receivables | 427 | 568 | 623 | 724 | 832 | 789 | 131 | ||
| Prepaid expense | 93 | 109 | 83 | 74 | 64 | 59 | 6 | ||
| Disposal group, including discontinued operation | 1 | 3 | 4 | ||||||
| Deferred tax assets | ✕ | ✕ | 18 | ||||||
| Other current assets | 47 | 44 | 37 | 50 | 64 | 49 | 10 | ||
| Other undisclosed current assets | (7) | ||||||||
| Total current assets: | 869 | 829 | 876 | 940 | 1,059 | 1,011 | 161 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 28 | 37 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 1,716 | 2,400 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 985 | 962 | 2,888 | 3,414 | 3,765 | 4,085 | 331 | ||
| Long-term investments and receivables | 7 | ||||||||
| Long-term investments | 5 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 2 | ||||||||
| Intangible assets, net (including goodwill) | 168 | 173 | 205 | 229 | 616 | 680 | 87 | ||
| Goodwill | 86 | 86 | 86 | 86 | 441 | 470 | 69 | ||
| Intangible assets, net (excluding goodwill) | 82 | 87 | 119 | 143 | 176 | 210 | 18 | ||
| Deposits noncurrent assets | 11 | ||||||||
| Restricted cash and investments | 165 | 156 | 148 | 93 | 112 | 145 | 34 | ||
| Disposal group, including discontinued operation, noncurrent assets | 13 | 16 | 16 | 82 | |||||
| Deferred costs | 7 | ||||||||
| Deferred income tax assets | 2 | 4 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 116 | 86 | 126 | 109 | 138 | 162 | 50 | ||
| Deferred tax assets, net | ✕ | ✕ | 6 | 4 | 6 | 7 | 3 | ||
| Other undisclosed noncurrent assets | (381) | ||||||||
| Total noncurrent assets: | 3,193 | 3,833 | 3,388 | 3,848 | 4,720 | 5,080 | 149 | ||
| Other undisclosed assets | 340 | ||||||||
| TOTAL ASSETS: | 4,062 | 4,662 | 4,264 | 4,788 | 5,779 | 6,091 | 651 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 710 | 618 | 635 | 687 | 656 | 617 | 65 | ||
| Accounts payable | 211 | 238 | 235 | 286 | 259 | 234 | |||
| Accrued liabilities | 336 | 226 | 228 | 234 | 215 | 198 | |||
| Employee-related liabilities | 163 | 154 | 173 | 167 | 182 | 185 | 37 | ||
| Other undisclosed accounts payable and accrued liabilities | 28 | ||||||||
| Debt | 909 | 306 | 125 | 29 | 26 | 14 | 12 | ||
| Disposal group, including discontinued operation | 0 | 0 | 1 | 1 | |||||
| Self insurance reserve | 154 | 146 | 150 | 181 | 173 | 167 | 16 | ||
| Other undisclosed current liabilities | 2,072 | 2 | 2 | 2 | 1 | 22 | |||
| Total current liabilities: | 3,845 | 1,071 | 912 | 899 | 858 | 799 | 115 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 830 | 4,172 | 2,051 | 2,076 | 2,144 | 2,271 | 398 | ||
| Long-term debt, excluding current maturities | 635 | 1,451 | 1,083 | 1,050 | 1,147 | 1,218 | 398 | ||
| Finance lease, liability | 35 | 39 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | 968 | 1,025 | 997 | 1,054 | |||
| Operating lease, liability | 160 | 2,681 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 550 | 502 | 612 | 564 | 640 | 577 | 46 | ||
| Asset retirement obligations | 4 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | 6 | 8 | 22 | 15 | |||
| Deferred income tax liabilities | 5 | 5 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Disposal group, including discontinued operation, liabilities | 18 | 20 | 26 | 69 | |||||
| Other liabilities | 142 | 70 | 126 | 119 | 103 | 133 | 13 | ||
| Self insurance reserve | 385 | 407 | 454 | 437 | 446 | 429 | 29 | ||
| Other undisclosed noncurrent liabilities | 2,733 | 2,929 | 2,868 | 3,064 | (4) | ||||
| Total noncurrent liabilities: | 1,380 | 4,674 | 5,396 | 5,569 | 5,652 | 5,912 | 440 | ||
| Total liabilities: | 5,224 | 5,745 | 6,308 | 6,468 | 6,509 | 6,711 | 556 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (820) | (761) | (1,340) | (1,084) | (490) | (436) | 95 | ||
| Additional paid in capital | 247 | 249 | 270 | 291 | 305 | 295 | 383 | ||
| Accumulated other comprehensive income (loss) | 1 | 1 | (0) | (0) | (0) | (0) | |||
| Accumulated deficit | (1,069) | (1,010) | (1,610) | (1,375) | (796) | (732) | (287) | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | (342) | (322) | (705) | (596) | (240) | (183) | |||
| Total stockholders' equity: | (1,162) | (1,083) | (2,045) | (1,680) | (730) | (619) | 95 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,062 | 4,662 | 4,264 | 4,788 | 5,779 | 6,091 | 651 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,906 | 4,566 | 4,977 | 5,374 | 5,732 | 5,619 | 833 | |
| Revenue, net | ✕ | ✕ | ✕ | 5,374 | 5,732 | 161 | 833 | |
| Cost of revenue | (732) | |||||||
| Gross profit: | 3,906 | 4,566 | 4,977 | 5,374 | 5,732 | 5,619 | 101 | |
| Operating expenses | (1,659) | (1,546) | (1,661) | (1,765) | (1,715) | (1,635) | (73) | |
| Other operating income, net (Other Nonrecurring (Income) Expense) | 306 | |||||||
| Operating income: | 2,553 | 3,020 | 3,316 | 3,609 | 4,017 | 3,984 | 29 | |
| Nonoperating income (expense) | 206 | 181 | 20 | (3) | 210 | 3 | 1 | |
| Investment income, nonoperating | 4 | 7 | 7 | 5 | 3 | 2 | 1 | |
| Other nonoperating income (expense) | 202 | 174 | 13 | (8) | 207 | 1 | 0 | |
| Interest and debt expense | (9) | 0 | (0) | 7 | (16) | (0) | (33) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,751 | 3,201 | 3,335 | 3,612 | 4,211 | 3,987 | (4) | |
| Income from equity method investments | 8 | 1 | 0 | 0 | 3 | 2 | 1 | |
| Other undisclosed loss from continuing operations before income taxes | (2,866) | (3,193) | (3,710) | (4,582) | (4,350) | (4,342) | ||
| Income (loss) from continuing operations before income taxes: | (107) | 9 | (375) | (970) | (136) | (353) | (2) | |
| Income tax expense (benefit) | 4 | (2) | 2 | 10 | 17 | (173) | 1 | |
| Income (loss) from continuing operations: | (103) | 7 | (372) | (959) | (118) | (526) | (1) | |
| Income (loss) from discontinued operations | (0) | 0 | (1) | |||||
| Net income (loss): | (103) | 7 | (372) | (959) | (118) | (527) | (1) | |
| Net income attributable to noncontrolling interest | 44 | 7 | 137 | 380 | 54 | 101 | ||
| Net income (loss) attributable to parent: | (59) | 15 | (235) | (579) | (64) | (426) | (1) | |
| Other undisclosed net income available to common stockholders, basic | 2 | |||||||
| Net income (loss) available to common stockholders, diluted: | (59) | 16 | (235) | (579) | (64) | (426) | (1) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (103) | 7 | (372) | (959) | (118) | (527) | (1) | |
| Other undisclosed comprehensive income (loss) | 1 | 1 | (0) | (0) | (0) | (1) | ||
| Comprehensive income (loss): | (102) | 9 | (372) | (959) | (118) | (528) | (1) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 44 | 7 | 137 | 380 | 54 | 101 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (58) | 15 | (235) | (579) | (64) | (427) | (1) | |
Statements sources
The financial statements are based on the company's filings with the 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.