Genesis Healthcare, Inc. (GENN) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 EAST STATE STREET
KENNETT SQUARE, PA 19348
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)
Annual | Quarterly

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 investments12,09720,86554,52551,40861,5433,629
Cash and cash equivalents12,09720,86554,52551,40861,5433,629
Restricted cash and investments94,956109,39337,12843,55552,917 
Receivables567,636622,717724,138832,109789,387131,409
Prepaid expense108,90882,74774,36864,21858,6225,689
Disposal group, including discontinued operation 1,1713,375 4,056  
Other current assets44,07936,52849,74863,64149,02410,303
Deferred tax assets✕✕    17,659
Other undisclosed current assets      (7,306)
Total current assets:828,847875,625939,9071,058,9871,011,493161,383
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization37,097✕✕✕✕✕
Operating lease, right-of-use asset2,399,505✕✕✕✕✕
Property, plant and equipment962,1052,887,5543,413,5993,765,3934,085,247331,130
Long-term investments and receivables      6,750
Long-term investments      4,950
Accounts and financing receivable, after allowance for credit loss      1,800
Intangible assets, net (including goodwill)173,088204,724228,618616,278679,98687,324
Goodwill85,64285,64285,642440,712470,01968,833
Intangible assets, net (excluding goodwill)87,446119,082142,976175,566209,96718,491
Deposits noncurrent assets      11,118
Restricted cash and investments155,695148,17193,101112,471145,21033,687
Disposal group, including discontinued operation, noncurrent assets16,30616,087 82,363  
Deferred costs      7,318
Deferred income tax assets3,772✕✕✕✕✕
Other noncurrent assets85,725125,595109,060137,602162,39049,825
Deferred tax assets, net✕✕5,8673,5806,1077,1443,232
Other undisclosed noncurrent assets      (380,885)
Total noncurrent assets:3,833,2933,387,9983,847,9584,720,2145,079,977149,499
Other undisclosed assets      340,074
TOTAL ASSETS:4,662,1404,263,6234,787,8655,779,2016,091,470650,956
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:618,174635,325686,861655,914616,59665,349
Employee-related liabilities153,698172,726167,368181,841185,05437,487
Accounts payable238,384234,786285,637258,616233,801 
Accrued liabilities226,092227,813233,856215,457197,741 
Other undisclosed accounts payable and accrued liabilities      27,862
Debt306,152124,70229,47326,48014,31912,456
Disposal group, including discontinued operation368639 988  
Self insurance reserve146,476149,545180,982172,565166,76115,670
Other undisclosed current liabilities 2,0011,8781,61398921,817
Total current liabilities:1,071,170912,212899,194857,560798,665115,292
Noncurrent Liabilities
Long-term debt and lease obligation4,171,7322,050,8752,075,6922,143,8902,271,496398,389
Long-term debt, excluding current maturities1,450,9941,082,9331,050,3371,146,5501,217,680398,389
Capital lease obligations✕✕967,9421,025,355997,3401,053,816 
Finance lease, liability39,335✕✕✕✕✕
Liabilities, other than long-term debt501,803612,463563,628640,405576,61946,416
Asset retirement obligations      4,400
Deferred tax liabilities, net✕✕6,2817,58422,35414,939 
Deferred income tax liabilities5,245✕✕✕✕✕
Disposal group, including discontinued operation, liabilities19,78925,942 69,057  
Other liabilities69,905126,247119,484103,435133,11112,660
Operating lease, liability2,681,403✕✕✕✕✕
Self insurance reserve406,864453,993436,560445,559428,56929,356
Other undisclosed noncurrent liabilities  2,732,9392,929,4832,867,5343,064,077(4,400)
Total noncurrent liabilities:4,673,5355,396,2775,568,8035,651,8295,912,192440,405
Total liabilities:5,744,7056,308,4896,467,9976,509,3896,710,857555,697
Equity
Equity, attributable to parent, including:(760,935)(1,339,520)(1,084,227)(490,323)(436,307)95,259
Additional paid in capital248,594270,408290,573305,358295,359382,718
Accumulated other comprehensive income (loss)602(262)(362)(221)(218) 
Accumulated deficit(1,010,296)(1,609,828)(1,374,597)(795,615)(731,602)(287,499)
Other undisclosed equity, attributable to parent16516215915515440
Equity, attributable to noncontrolling interest(321,630)(705,346)(595,905)(239,865)(183,080) 
Total equity:(1,082,565)(2,044,866)(1,680,132)(730,188)(619,387)95,259
TOTAL LIABILITIES AND EQUITY:4,662,1404,263,6234,787,8655,779,2016,091,470650,956

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,565,8344,976,6505,373,7405,732,4305,619,224833,256
Revenue, net✕✕✕5,373,7405,732,430161,400833,256
Cost of revenue      (732,034)
Gross profit:4,565,8344,976,6505,373,7405,732,4305,619,224101,222
Operating expenses(1,545,680)(1,661,015)(1,765,157)(1,715,444)(1,635,393)(72,722)
Other operating income, net
(Other Nonrecurring (Income) Expense)		      
Operating income:3,020,1543,315,6353,608,5834,016,9863,983,83128,500
Nonoperating income (expense)180,80119,752(3,145)210,0883,077738
Investment income, nonoperating7,2966,8325,3283,0181,677737
Other nonoperating income (expense)173,50512,920(8,473)207,0701,4001
Interest and debt expense122(391)6,566(16,290)(130)(32,820)
Income (loss) from continuing operations before equity method investments, income taxes:3,201,0773,334,9963,612,0044,210,7843,986,778(3,582)
Income from equity method investments7121002433,2862,1391,427
Other undisclosed loss from continuing operations before income taxes(3,192,561)(3,709,936)(4,581,846)(4,349,583)(4,341,942) 
Income (loss) from continuing operations before income taxes:9,228(374,840)(969,599)(135,513)(353,025)(2,155)
Income tax expense (benefit)(1,754)2,42310,42717,435(172,524)1,248
Income (loss) from continuing operations:7,474(372,417)(959,172)(118,078)(525,549)(907)
Income (loss) before gain (loss) on sale of properties:7,474(372,417)(959,204)(118,051)(526,768)(907)
Income (loss) from discontinued operations   (32)27(1,219) 
Net income (loss):7,474(372,417)(959,204)(118,051)(526,768)(907)
Net income attributable to noncontrolling interest7,145137,186380,22254,038100,573 
Net income (loss) attributable to parent:14,619(235,231)(578,982)(64,013)(426,195)(907)
Other undisclosed net income available to common stockholders, basic 1,868     
Net income (loss) available to common stockholders, diluted:16,487(235,231)(578,982)(64,013)(426,195)(907)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):7,474(372,417)(959,204)(118,051)(526,768)(907)
Other undisclosed comprehensive income (loss)1,198(48)(209)(5)(891) 
Comprehensive income (loss):8,672(372,465)(959,413)(118,056)(527,659)(907)
Comprehensive income, net of tax, attributable to noncontrolling interest6,811137,334380,29054,040100,885 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (28)
Comprehensive income (loss), net of tax, attributable to parent:15,483(235,131)(579,123)(64,016)(426,774)(935)

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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