ModivCare Inc. (MODV) Financial Statements (2025 and earlier)

Company Profile

Business Address 6900 LAYTON AVENUE
DENVER, CO 80237
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,54610,3412,2178,0706,89812,848
Cash and cash equivalents10,54610,3412,2178,0706,89812,848
Restricted cash and investments536525565544568532
Receivables403,600362,900375,100202,701224,013301,069
Inventory, net of allowances, customer advances and progress billings    2,2611,4491,416
Inventory    2,2611,4491,416
Prepaid expense   28,37431,07926,294
Contract with customer, asset, after allowance for credit loss159,345134,680143,960129,275119,763 
Other undisclosed current assets(117,328)(104,445)(116,919)16,7169,1796,072
Total current assets:456,699404,001404,923387,941392,949348,231
Noncurrent Assets
Operating lease, right-of-use asset38,65640,56539,77639,74439,30140,311
Long-term investments and receivables39,34040,24741,53145,20745,11443,698
Long-term investments39,34040,24741,53145,20745,11443,698
Intangible assets, net (including goodwill)701,692811,332815,751820,036824,3871,011,904
Goodwill680,252785,554785,554785,554785,554968,654
Intangible assets, net (excluding goodwill)21,44025,77830,19734,48238,83343,250
Other noncurrent assets48,42146,76748,92742,63042,89344,461
Other undisclosed noncurrent assets391,334421,136416,367427,528440,376452,924
Total noncurrent assets:1,219,4431,360,0471,362,3521,375,1451,392,0711,593,298
TOTAL ASSETS:1,676,1421,764,0481,767,2751,763,0861,785,0201,941,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities182,475194,457183,142188,398194,225187,965
Accounts payable62,00654,64555,24141,83456,04754,987
Accrued liabilities120,469139,812127,901146,564138,178132,978
Debt183,000121,000113,80083,000126,50015,000
Other undisclosed current liabilities203,141223,857223,460245,452212,510291,198
Total current liabilities:568,616539,314520,402516,850533,235494,163
Noncurrent Liabilities
Long-term debt and lease obligation986,057984,896983,757982,630981,526980,433
Long-term debt, excluding current maturities986,057984,896983,757982,630981,526980,433
Liabilities, other than long-term debt111,954103,997106,921104,745108,818115,835
Deferred income tax liabilities45,17035,80639,58442,00146,97253,612
Other liabilities33,67933,30533,55329,34729,45029,356
Operating lease, liability33,10534,88633,78433,39732,39632,867
Total noncurrent liabilities:1,098,0111,088,8931,090,6781,087,3751,090,3441,096,268
Total liabilities:1,666,6271,628,2071,611,0801,604,2251,623,5791,590,431
Equity
Equity, attributable to parent9,515135,841156,195158,861161,441351,098
Common stock202020202020
Treasury stock, value(270,069)(270,397)(270,333)(270,417)(270,390)(270,362)
Additional paid in capital455,185452,955450,945448,443446,694445,379
Retained earnings (accumulated deficit)(175,621)(46,737)(24,437)(19,185)(14,883)176,061
Total equity:9,515135,841156,195158,861161,441351,098
TOTAL LIABILITIES AND EQUITY:1,676,1421,764,0481,767,2751,763,0861,785,0201,941,529

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues698,299684,451702,832686,925699,107662,306
Cost of revenue
(Cost of Goods and Services Sold)
(588,100)(583,566)(585,483)(579,214)(589,255)(550,266)
Gross profit:110,199100,885117,349107,711109,852112,040
Operating expenses(797,219)(687,846)(687,544)(675,433)(877,504)(655,672)
Other undisclosed operating income588,100583,566585,871579,765591,889551,730
Operating income (loss):(98,920)(3,395)15,67612,043(175,763)8,098
Interest and debt expense      
Income (loss) from continuing operations before equity method investments, income taxes:(98,920)(3,395)15,67612,043(175,763)8,098
Other undisclosed loss from continuing operations before income taxes(19,950)(18,686)(18,351)(17,844)(16,967)(15,958)
Loss from continuing operations before income taxes:(118,870)(22,081)(2,675)(5,801)(192,730)(7,860)
Income tax expense (benefit)(9,558)543(43)1,6598301,873
Loss from continuing operations:(128,428)(21,538)(2,718)(4,142)(191,900)(5,987)
Other undisclosed net income (loss)(456)(762)(2,534)(160)9562,025
Net loss available to common stockholders, diluted:(128,884)(22,300)(5,252)(4,302)(190,944)(3,962)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(128,884)(22,300)(5,252)(4,302)(190,944)(3,962)
Comprehensive loss, net of tax, attributable to parent:(128,884)(22,300)(5,252)(4,302)(190,944)(3,962)

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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