The Joint Corp. (JYNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 16767 N PERIMETER DRIVE
SCOTTSDALE, AZ 85260
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6794 - Patent Owners and Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,74519,52620,5548,4568,7174,216
Cash and cash equivalents9,74519,52620,5548,4568,7174,216
Restricted cash and investments805386265186138104
Receivables3,9113,7011,8502,7741,3631,310
Contract with customer, asset, after allowance for credit loss1,054995898766611
Asset, held-for-sale, not part of disposal group      
Other undisclosed current assets2,0982,2821,5661,1228821,026
Total current assets:17,61426,89025,13413,30411,7116,657
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization64119 56
Operating lease, right-of-use asset20,58718,42611,58112,487
Property, plant and equipment1,1041,1008,7472,2313,6583,800
Long-term investments and receivables     129352
Accounts and financing receivable, after allowance for credit loss     129352
Intangible assets, net (including goodwill)19,42210,4897,4917,3704,5504,676
Goodwill8,4935,0854,6264,1502,9162,916
Intangible assets, net (excluding goodwill)10,9285,4032,8653,2201,6341,760
Contract with customer, asset, after allowance for credit loss5,7085,5054,3413,6272,878
Deposits noncurrent assets756567431336600612
Deferred income tax assets11,9289,1898,008 
Other undisclosed noncurrent assets16,30713,170 4,295 813
Total noncurrent assets:75,87658,56540,59930,40211,81510,253
TOTAL ASSETS:93,49085,45465,73343,70623,52616,910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0367,4215,1084,5873,5552,023
Employee-related liabilities3,9062,7762,8442,036867
Accounts payable2,9671,7061,5621,5261,2531,069
Accrued liabilities1,0701,80977021726687
Deferred revenue2,4693,1923,0002,741
Debt2450712,3371,100100
Deferred rent credit     137
Disposal group, including discontinued operation      
Deferred revenue and credits2,706
Contract with customer, liability2,370
Other liabilities59754070751947849
Other undisclosed current liabilities16,09010,2369,8003,3831,09990
Total current liabilities:23,21721,43818,68613,5668,7384,967
Noncurrent Liabilities
Long-term debt and lease obligation6416,96010,76511,935 1,000
Long-term debt, excluding current maturities      1,000
Finance lease, liability648813234
Liabilities, other than long-term debt34,12215,48613,53112,48312,4276,044
Deferred revenue and credits5,496
Deferred revenue14,16115,45913,50412,366
Contract with customer, liability11,239
Deferred rent credit     722
Deferred tax liabilities, net77136
Deferred income tax liabilities    90
Other liabilities1,288272727389411
Operating lease, liability18,67316,87210,63311,901
Other undisclosed noncurrent liabilities3,5002,0002,000   
Total noncurrent liabilities:37,68634,44626,29624,41912,4277,044
Total liabilities:60,90355,88544,98237,98521,16512,011
Equity
Equity, attributable to parent32,56329,54520,7515,7202,3614,899
Common stock151414141414
Treasury stock, value(857)(851)(143)(111)(91)(86)
Additional paid in capital45,55843,90041,35039,45538,18937,230
Accumulated deficit(12,153)(13,519)(20,470)(33,637)(35,751)(32,259)
Equity, attributable to noncontrolling interest252500  
Total equity:32,58829,57020,7515,7212,3614,899
TOTAL LIABILITIES AND EQUITY:93,49085,45465,73343,70623,52616,910

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues101,25280,86058,68348,45131,78925,164
Revenue, net24,182
Cost of revenue(9,171)(8,514)(6,507)(5,566)(4,310)(3,312)
Cost of goods and services sold      (3,312)
Gross profit:92,08172,34652,17642,88527,47921,852
Operating expenses(90,843)(66,967)(46,735)(39,356)(26,680)(24,609)
Other undisclosed operating income (loss)(410)(27)51(114)(594)(418)
Operating income (loss):8285,3525,4923,415205(3,175)
Nonoperating income (expense)(133)(70)(79)(42)10(64)
Investment income, nonoperating    1958 
Other nonoperating income (expense)(133)(70)(79)(62)(48)(64)
Interest and debt expense(5)(9)(12)(7)  
Income (loss) from continuing operations before equity method investments, income taxes:6915,2745,4013,366215(3,239)
Other undisclosed income from continuing operations before income taxes59127  
Income (loss) from continuing operations before income taxes:6955,2835,4133,372215(3,239)
Income tax expense (benefit)(68)1,2937,755(49)38(36)
Income (loss) from continuing operations:6276,57613,1673,324253(3,275)
Income (loss) before gain (loss) on sale of properties:6,57613,1673,324253(3,275)
Net income (loss) available to common stockholders, diluted:6276,57613,1673,324253(3,275)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):6276,57613,1673,324253(3,275)
Comprehensive income (loss), net of tax, attributable to parent:6276,57613,1673,324253(3,275)

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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