National HealthCare Corporation (NHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 E. VINE ST
MURFREESBORO, TN 37130
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments193,444164,791182,589176,729219,831206,028
Cash and cash equivalents78,49246,14458,66744,51575,79856,993
Short-term investments114,952118,647123,922132,214144,033149,035
Restricted cash and investments23,33027,48515,12125,83813,93917,187
Receivables101,260103,134100,28899,003100,415101,748
Inventory, net of allowances, customer advances and progress billings6,9956,9467,0887,2987,3638,586
Inventory6,9956,9467,0887,2987,3638,586
Other undisclosed current assets43,70535,54748,84635,66153,23350,471
Total current assets:368,734337,903353,932344,529394,781384,020
Noncurrent Assets
Property, plant and equipment501,890503,124506,532511,373515,771520,201
Other noncurrent assets410,060424,326414,986439,657439,917452,790
Total noncurrent assets:911,950927,450921,518951,030955,688972,991
TOTAL ASSETS:1,280,6841,265,3531,275,4501,295,5591,350,4691,357,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities106,54795,062114,847207,171233,137207,933
Interest and dividends payable8,7748,8288,509
Employee-related liabilities77,34285,66173,877
Accounts payable30,17929,61933,58934,93944,15943,161
Accrued liabilities76,36865,44381,25886,11694,48982,386
Deferred revenue    1385865,003
Debt3,3904,6274,9854,9114,8384,766
Self insurance reserve31,34831,43531,36530,85231,06930,890
Other liabilities27,40123,02117,61524,07320,35021,760
Other undisclosed current liabilities29,11229,06529,075(56,989)(65,615)(53,865)
Total current liabilities:197,798183,210197,887210,156224,365216,487
Noncurrent Liabilities
Long-term debt and lease obligation   860100,022118,873126,813
Finance lease, liability   8602,1343,3904,627
Liabilities, other than long-term debt190,800196,205192,98297,88298,31796,558
Deferred income tax liabilities12,22711,51910,9099,7509,2788,078
Other liabilities26,82326,50719,95315,27417,44517,957
Operating lease, liability76,87883,98891,01697,888115,483122,186
Self insurance reserve74,87274,19171,10472,85871,59470,523
Other undisclosed noncurrent liabilities5,7286,0366,2076,1716,3046,097
Total noncurrent liabilities:196,528202,241200,049204,075223,494229,468
Total liabilities:394,326385,451397,936414,231447,859445,955
Equity
Equity, attributable to parent883,922877,102874,276877,311897,915905,319
Common stock153153153153154154
Additional paid in capital225,926225,148226,991228,522234,482232,733
Accumulated other comprehensive loss(9,053)(7,853)(9,532)(10,423)(6,983)(3,455)
Retained earnings666,896659,654656,664659,059670,262675,887
Equity, attributable to noncontrolling interest2,4362,8003,2384,0174,6955,737
Total equity:886,358879,902877,514881,328902,610911,056
TOTAL LIABILITIES AND EQUITY:1,280,6841,265,3531,275,4501,295,5591,350,4691,357,011

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues282,582269,563264,553270,843271,359278,983
Cost of revenue(178,441)(170,550)(174,960)(175,894)(178,892)(172,601)
Gross profit:104,14199,01389,59394,94992,467106,382
Operating expenses(90,164)(89,001)(80,543)(90,871)(87,916)(92,165)
Operating income:13,97710,0129,0504,0784,55114,217
Nonoperating income
(Other Nonoperating income)
3,6964,3232,6902,7312,5213,199
Interest and debt expense(93)(98)(112)(137)(149)(165)
Income from continuing operations before equity method investments, income taxes:17,58014,23711,6286,6726,92317,251
Income from equity method investments    3410454
Income from continuing operations before income taxes:17,58014,23711,6286,7066,93317,705
Income tax expense (benefit)(6,406)(4,436)(1,839)1,140(1,362)(5,193)
Income from continuing operations:11,1749,8019,7897,8465,57112,512
Income before gain (loss) on sale of properties:7,8465,57112,512
Other undisclosed net income (loss)4,7431,484(4,215)(10,953)(3,410)2,837
Net income (loss):15,91711,2855,574(3,107)2,16115,349
Net income (loss) attributable to noncontrolling interest3644387796781,042(31)
Net income (loss) available to common stockholders, diluted:16,28111,7236,353(2,429)3,20315,318

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):15,91711,2855,574(3,107)2,16115,349
Other comprehensive income (loss)(1,200)1,679891(3,440)(3,528)(5,060)
Comprehensive income (loss):14,71712,9646,465(6,547)(1,367)10,289
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3644387796781,042(31)
Comprehensive income (loss), net of tax, attributable to parent:15,08113,4027,244(5,869)(325)10,258

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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