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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments337,884356,65190,844127,83495,00699,170
Cash and cash equivalents337,884356,65190,844127,83495,00699,170
Receivables167,736174,481196,741185,328176,155170,815
Other undisclosed current assets73,05271,55955,10054,02253,34449,119
Total current assets:578,672602,691342,685367,184324,505319,104
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,801  
Operating lease, right-of-use asset613,164627,130623,309603,524631,338635,217
Property, plant and equipment577,227576,094545,492565,961515,569514,661
Long-term investments and receivables94,47252,49259,32157,89352,02048,936
Long-term investments94,47252,49259,32157,89352,02048,936
Intangible assets, net (including goodwill)768,209788,312790,088783,893663,732671,547
Goodwill676,376687,879687,085677,665575,092577,781
Intangible assets, net (excluding goodwill)91,833100,433103,003106,22888,64093,766
Deferred income tax assets     3,5125,415
Other undisclosed noncurrent assets56,28158,57153,17453,65156,48845,839
Total noncurrent assets:2,109,3532,102,5992,071,3842,066,7231,922,6591,921,615
TOTAL ASSETS:2,688,0252,705,2902,414,0692,433,9072,247,1642,240,719
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:302,086333,224296,727369,595296,333296,935
Accounts payable   102,678  
Accrued liabilities   181,574  
Other undisclosed accounts payable and accrued liabilities302,086333,224296,72785,343296,333296,935
Deferred revenue5,1765,0544,3434,021  
Debt16,04315,98915,93512,40010,78911,164
Due to related parties31,54823,10031,66425,317
Other undisclosed current liabilities83,77279,96758,59057,60770,43771,102
Total current liabilities:407,077434,234407,143466,723409,223404,518
Noncurrent Liabilities
Long-term debt and lease obligation844,302848,333852,354839,3441,360,7781,366,550
Long-term debt, excluding current maturities844,302848,333852,354839,344735,500737,916
Liabilities, other than long-term debt640,488661,719661,471636,38818,77318,266
Deferred income tax liabilities16,64510,00510,4109,256  
Other liabilities9,80522,86927,52323,01518,77318,266
Operating lease, liability614,038628,845623,538604,117625,278628,634
Total noncurrent liabilities:1,484,7901,510,0521,513,8251,475,7321,379,5511,384,816
Total liabilities:1,891,8671,944,2861,920,9681,942,4551,788,7741,789,334
Equity
Equity, attributable to parent618,901593,159327,922332,995313,006312,183
Common stock776655
Additional paid in capital714,910703,593448,522436,288424,369419,136
Accumulated other comprehensive loss(18,297)(15,183)(16,978)(20,677)(29,680)(24,603)
Accumulated deficit(77,719)(95,258)(103,628)(82,622)(81,688)(82,355)
Equity, attributable to noncontrolling interest177,257167,845165,179158,457145,384139,202
Total equity:796,158761,004493,101491,452458,390451,385
TOTAL LIABILITIES AND EQUITY:2,688,0252,705,2902,414,0692,433,9072,247,1642,240,719

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues401,968403,715390,564383,876350,044354,375
Gross profit:401,968403,715390,564383,876350,044354,375
Operating expenses(358,717)(379,274)(383,893)(362,274)(343,120)(334,817)
Operating income:43,25124,4416,67121,6026,92419,558
Nonoperating income (expense)(11,965)(10,497)(19,819)(14,360)1,711(2,324)
Other nonoperating income (expense)4,081(40)(1,432)(271)(1,405)7
Interest and debt expense(16,115)(16,039)(15,722)(15,443)(12,420)(11,385)
Income (loss) from continuing operations before equity method investments, income taxes:15,171(2,095)(28,870)(8,201)(3,785)5,849
Other undisclosed income from continuing operations before income taxes16,11516,03915,72215,44312,42011,385
Income (loss) from continuing operations before income taxes:31,28613,944(13,148)7,2428,63517,234
Income tax expense (benefit)(7,220)614(1,135)(2,274)(2,188)(3,403)
Income (loss) from continuing operations:24,06614,558(14,283)4,9686,44713,831
Income before gain (loss) on sale of properties:6,44713,831
Net income (loss):24,06614,558(14,283)4,9686,44713,831
Net loss attributable to noncontrolling interest(6,526)(6,189)(6,722)(5,903)(5,779)(5,926)
Net income (loss) available to common stockholders, basic:17,5408,369(21,005)(935)6687,905
Other undisclosed net loss available to common stockholders, diluted  (934) (138) (468)
Net income (loss) available to common stockholders, diluted:17,5407,435(21,005)(1,073)6687,437

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):24,06614,558(14,283)4,9686,44713,831
Other comprehensive income (loss)(4,035)8732,7778,088(6,000)(4,766)
Other undisclosed comprehensive income921922922916924924
Comprehensive income (loss):20,95216,353(10,584)13,9721,3719,989
Comprehensive loss, net of tax, attributable to noncontrolling interest(6,526)(6,189)(6,722)(5,903)(5,779)(5,926)
Comprehensive income (loss), net of tax, attributable to parent:14,42610,164(17,306)8,069(4,408)4,063

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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