RadNet, Inc. (RDNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1510 COTNER AVE
LOS ANGELES, CA 90025
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8071 - Medical Laboratories (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 investments127,834134,606102,01840,16510,38951,322
Cash and cash equivalents127,834134,606102,01840,16510,38951,322
Receivables185,328140,446135,421156,005149,514157,861
Other undisclosed current assets54,02249,21232,98547,04548,78726,168
Total current assets:367,184324,264270,424243,215208,690235,351
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,8014,6977,76410,970
Operating lease, right-of-use asset603,524584,291483,661445,477
Property, plant and equipment565,961  366,746345,729244,301
Long-term investments and receivables57,89342,22934,52834,47037,97352,435
Long-term investments57,89342,22934,52834,47037,97352,435
Intangible assets, net (including goodwill)783,893570,423525,272483,975458,686297,198
Goodwill677,665513,820472,879440,981418,093256,776
Intangible assets, net (excluding goodwill)106,22856,60352,39342,99440,59340,422
Deferred income tax assets  14,85334,687 
Other undisclosed noncurrent assets53,651517,717430,32162,13358,25239,694
Total noncurrent assets:2,066,7231,734,2101,516,2331,403,771900,640633,628
TOTAL ASSETS:2,433,9072,058,4741,786,6571,646,9861,109,330868,979
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:369,595263,937236,684207,585181,028135,809
Employee-related liabilities62,42558,05142,00337,16730,670
Accounts payable 102,67886,46170,07164,30068,04028,538
Accrued liabilities 181,57493,42084,31283,85360,95867,298
Other undisclosed accounts payable and accrued liabilities85,34321,63124,25017,42914,8639,303
Deferred revenue4,02110,7011,2001,300
Debt12,40011,16442,369104,18039,26734,090
Deferred rent credit     3,735
Deferred revenue and credits2,714
Due to related parties23,10023,53014,01014,34713,08916,387
Other undisclosed current liabilities57,60765,452103,851162,3982,606
Total current liabilities:466,723374,784398,114327,428239,517191,606
Noncurrent Liabilities
Long-term debt and lease obligation, including:839,3441,321,173662,403705,974633,644575,232
Long-term debt, excluding current maturities839,344743,498612,913652,979627,139572,560
Capital lease obligations6,5052,672
Finance lease, liability   7433,264
Other undisclosed long-term debt and lease obligation   (414,349)(371,191)  
Liabilities, other than long-term debt636,38816,36053,48811,72936,54832,411
Deferred revenue and credits26,251
Deferred rent credit     31,542
Deferred income tax liabilities9,256   
Off-market lease, unfavorable    2,200  
Other liabilities23,01516,36053,4889,5295,0066,160
Operating lease, liability604,117577,675463,096420,922
Other undisclosed noncurrent liabilities   414,349368,716(632)(195)
Total noncurrent liabilities:1,475,7321,337,5331,130,2401,086,419669,560607,448
Total liabilities:1,942,4551,712,3171,528,3541,413,847909,077799,054
Equity
Equity, attributable to parent, including:332,995228,904165,743151,685127,18469,925
Common stock655555
Additional paid in capital436,288342,592307,788262,865242,835212,261
Accumulated other comprehensive income (loss)(20,677)(20,421)(24,051)(8,026)2,259(548)
Accumulated deficit(82,622)(93,272)(117,999)(103,159)(117,915)(150,158)
Other undisclosed equity, attributable to parent      8,365
Equity, attributable to noncontrolling interest158,457117,25392,56081,45473,069 
Other undisclosed equity      (8,365)
Total equity:491,452346,157258,303233,139200,25361,560
Other undisclosed liabilities and equity      8,365
TOTAL LIABILITIES AND EQUITY:2,433,9072,058,4741,786,6571,646,9861,109,330868,979

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
Revenues1,430,0611,315,0771,071,8401,154,179975,146922,186
Revenue, net922,186
Cost of revenue    (999,692)(867,547)(802,377)
Gross profit:1,430,0611,315,0771,071,840154,487107,599119,809
Operating expenses(1,383,698)(1,241,633)(1,062,420)(1,084,301)(944,260)(872,136)
Other undisclosed operating income  9,11026,264999,692867,547802,377
Operating income:46,36382,55435,68469,87830,88650,050
Nonoperating income (expense)(3,394)(23,675)(36,538)(40,209)7,6418
Other nonoperating income (expense)(1,833)(1,438)(120)(1,283)1818
Interest and debt expense(50,841)(1,542)(4,623)(4,579)(3,898)(40,623)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,5424,6234,5793,89816,950
Income (loss) from continuing operations before equity method investments, income taxes:(7,872)58,879(854)29,66938,52726,385
Income from equity method investments  10,9677,945   
Other undisclosed income from continuing operations before income taxes50,841     
Income from continuing operations before income taxes:42,96969,8467,09129,66938,52726,385
Income tax expense(9,361)(14,560)(895)(6,229)(394)(24,310)
Income from continuing operations:33,60855,2866,19623,44038,1332,075
Income before gain (loss) on sale of properties:55,2866,19623,44038,1332,075
Other undisclosed net loss  (10,967)(7,945)   
Net income (loss):33,60844,319(1,749)23,44038,1332,075
Net loss attributable to noncontrolling interest(22,958)(19,592)(13,091)(8,684)(5,890)(2,022)
Net income (loss) available to common stockholders, basic:10,65024,727(14,840)14,75632,24353
Other undisclosed net loss available to common stockholders, diluted(724)     
Net income (loss) available to common stockholders, diluted:9,92624,727(14,840)14,75632,24353

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):33,60844,319(1,749)23,44038,1332,075
Other comprehensive income (loss)(3,943)     
Other undisclosed comprehensive income (loss)3,6873,630(16,025)(10,285)2,807(854)
Comprehensive income (loss):33,35247,949(17,774)13,15540,9401,221
Comprehensive loss, net of tax, attributable to noncontrolling interest(22,958)(19,592)(13,091)(8,684)(5,890)(2,022)
Comprehensive income (loss), net of tax, attributable to parent:10,39428,357(30,865)4,47135,050(801)

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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