InnovAge Holding Corp. (INNV) Financial Statements (2025 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)

9/30/2024
MRQ
6/30/2024
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments102,77998,771173,462184,429201,466
Cash and cash equivalents56,94654,081127,249184,429201,466
Short-term investments45,83344,69046,213  
Restricted cash and investments141516172,234
Receivables51,43043,71824,60642,66837,983
Prepaid expense18,91914,46017,14513,8429,249
Total current assets:173,142156,964215,229240,956250,932
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization15,90814,19116,378  
Operating lease, right-of-use asset28,41626,47721,210  
Property, plant and equipment    176,260142,715
Long-term investments and receivables2,6453,6115,4935,4932,645
Long-term investments2,6453,6115,4935,4932,645
Intangible assets, net (including goodwill)144,487146,433129,415130,075130,735
Goodwill139,949141,565124,217124,217124,217
Intangible assets, net (excluding goodwill)4,5384,8685,1985,8586,518
Other undisclosed noncurrent assets183,063186,586179,6332,8124,725
Total noncurrent assets:374,519377,298352,129314,640280,820
TOTAL ASSETS:547,661534,262567,358555,596531,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:55,45952,37254,93550,56232,361
Accrued liabilities  1,2121,212  
Other undisclosed accounts payable and accrued liabilities55,45951,16053,72350,56232,361
Deferred revenue   28,115  
Debt8,3948,3218,5177,1615,869
Other undisclosed current liabilities74,74662,43956,88347,58440,335
Total current liabilities:138,599123,132148,450105,30778,565
Noncurrent Liabilities
Long-term debt and lease obligation74,22174,47377,95877,65076,764
Long-term debt, excluding current maturities61,47863,16264,84468,21071,574
Finance lease, liability12,74311,31113,1149,4405,190
Liabilities, other than long-term debt35,03333,68526,15018,89518,458
Deferred income tax liabilities7,4606,5556,23617,76115,700
Other liabilities1,2981,1871,0861,1342,758
Operating lease, liability26,27525,94318,828  
Total noncurrent liabilities:109,254108,158104,10896,54595,222
Total liabilities:247,853231,290252,558201,852173,787
Temporary equity, carrying amount22,20011,83112,70815,278 
Equity
Equity, attributable to parent269,261285,503296,299332,364335,146
Common stock136136136136136
Treasury stock, value(179)    
Additional paid in capital337,615335,062332,107327,499323,760
Retained earnings (accumulated deficit)(68,311)(49,695)(35,944)4,72911,250
Equity, attributable to noncontrolling interest8,3475,6385,7936,10222,819
Total equity:277,608291,141302,092338,466357,965
TOTAL LIABILITIES AND EQUITY:547,661534,262567,358555,596531,752

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

9/30/2024
TTM
6/30/2024
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
Revenues763,855720,796688,087698,640637,800
Cost of revenue(650,741)(618,898)(602,218)(570,006)(495,568)
Cost of goods and services sold(228,781)(216,910)(212,271)(180,222)(154,403)
Other undisclosed gross profit18,95016,88315,419  
Gross profit:132,064118,781101,288128,634142,232
Operating expenses(136,294)(133,512)(135,264)(133,040)(154,569)
Other operating expense, net     (18,211)
Other undisclosed operating income (loss)(18,950)(16,883)(15,419) 18,211
Operating loss:(23,180)(31,614)(49,395)(4,406)(12,337)
Nonoperating income (expense)1,361(3,014)(1,398)(2,831)(22,632)
Investment income, nonoperating 2,842   10,871
Other nonoperating income (expense)2,542(722)124(305)(2,237)
Interest and debt expense (2,001) (2,526)(31,266)
Other undisclosed income from continuing operations before equity method investments, income taxes 1,231   
Loss from continuing operations before equity method investments, income taxes:(21,819)(35,398)(50,793)(9,763)(66,235)
Loss from equity method investments     (1,343)
Loss from continuing operations before income taxes:(21,819)(35,398)(50,793)(9,763)(67,578)
Income tax expense (benefit)(1,402)5407,241(723)(9,771)
Loss from continuing operations:(23,221)(34,858)(43,552)(10,486)(77,349)
Loss before gain (loss) on sale of properties:(10,486)(77,349)
Other undisclosed net income (loss) 770 2,52632,609
Net loss:(23,221)(34,088)(43,552)(7,960)(44,740)
Net income attributable to noncontrolling interest1,8832,5302,8791,439754
Net loss available to common stockholders, diluted:(21,338)(31,558)(40,673)(6,521)(43,986)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
6/30/2024
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
Net loss:(23,221)(34,088)(43,552)(7,960)(44,740)
Net income attributable to redeemable noncontrolling interest
Comprehensive loss:(23,221)(34,088)(43,552)(7,960)(44,740)
Comprehensive income, net of tax, attributable to noncontrolling interest1,8832,5302,8791,439754
Comprehensive loss, net of tax, attributable to parent:(21,338)(31,558)(40,673)(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.

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