InnovAge Holding Corp. (INNV) Financial Statements (2024 and earlier)

Company Profile

Business Address 8950 E. LOWRY BOULEVARD
DENVER, CO 80230
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 80 - Health Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments173,462144,884184,429201,466
Cash and cash equivalents127,24999,460184,429201,466
Short-term investments46,21345,424  
Restricted cash and investments1617172,234
Receivables24,60642,37642,66837,983
Prepaid expense17,14512,21213,8429,249
Total current assets:215,229199,489240,956250,932
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization16,378   
Operating lease, right-of-use asset21,21022,223  
Property, plant and equipment  185,774176,260142,715
Long-term investments and receivables5,4935,4935,4932,645
Long-term investments5,4935,4935,4932,645
Intangible assets, net (including goodwill)129,415124,217130,075130,735
Goodwill124,217124,217124,217124,217
Intangible assets, net (excluding goodwill)5,198 5,8586,518
Other undisclosed noncurrent assets179,6338,9192,8124,725
Total noncurrent assets:352,129346,626314,640280,820
TOTAL ASSETS:567,358546,115555,596531,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:54,93548,90150,56232,361
Accrued liabilities1,212   
Other undisclosed accounts payable and accrued liabilities53,72348,90150,56232,361
Deferred revenue28,115   
Debt8,5177,6587,1615,869
Other undisclosed current liabilities56,88349,62647,58440,335
Total current liabilities:148,450106,185105,30778,565
Noncurrent Liabilities
Long-term debt and lease obligation77,95875,56077,65076,764
Long-term debt, excluding current maturities64,84466,52868,21071,574
Finance lease, liability13,1149,0329,4405,190
Liabilities, other than long-term debt26,15032,59518,89518,458
Deferred income tax liabilities6,23611,37917,76115,700
Other liabilities1,0861,1821,1342,758
Operating lease, liability18,82820,034  
Total noncurrent liabilities:104,108108,15596,54595,222
Total liabilities:252,558214,340201,852173,787
Temporary equity, carrying amount12,70814,05415,278 
Equity
Equity, attributable to parent296,299311,776332,364335,146
Common stock136136136136
Additional paid in capital332,107329,777327,499323,760
Retained earnings (accumulated deficit)(35,944)(18,137)4,72911,250
Equity, attributable to noncontrolling interest5,7935,9456,10222,819
Total equity:302,092317,721338,466357,965
TOTAL LIABILITIES AND EQUITY:567,358546,115555,596531,752

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
Revenues688,087688,893698,640637,800
Cost of revenue(602,218)(604,268)(570,006)(495,568)
Cost of goods and services sold(212,271)(201,517)(180,222)(154,403)
Other undisclosed gross profit15,419   
Gross profit:101,28884,625128,634142,232
Operating expenses(135,264)(133,928)(133,040)(154,569)
Other operating expense, net    (18,211)
Other undisclosed operating income (loss)(15,419)  18,211
Operating loss:(49,395)(49,303)(4,406)(12,337)
Nonoperating expense(1,398)(1,489)(2,831)(22,632)
Investment income, nonoperating    10,871
Other nonoperating income (expense)124642(305)(2,237)
Interest and debt expense (2,131)(2,526)(31,266)
Other undisclosed income from continuing operations before equity method investments, income taxes    
Loss from continuing operations before equity method investments, income taxes:(50,793)(52,923)(9,763)(66,235)
Loss from equity method investments    (1,343)
Loss from continuing operations before income taxes:(50,793)(52,923)(9,763)(67,578)
Income tax expense (benefit)7,2419,856(723)(9,771)
Loss from continuing operations:(43,552)(43,067)(10,486)(77,349)
Loss before gain (loss) on sale of properties:(32,297)(10,486)(77,349)
Other undisclosed net income 2,1312,52632,609
Net loss:(43,552)(40,936)(7,960)(44,740)
Net income attributable to noncontrolling interest2,8792,5401,439754
Net loss available to common stockholders, diluted:(40,673)(38,396)(6,521)(43,986)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
Net loss:(43,552)(40,936)(7,960)(44,740)
Comprehensive loss:(43,552)(40,936)(7,960)(44,740)
Comprehensive income, net of tax, attributable to noncontrolling interest2,8792,5401,439754
Comprehensive loss, net of tax, attributable to parent:(40,673)(38,396)(6,521)(43,986)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: