Select Medical Holdings Corporation (SEM) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O SELECT MEDICAL CORP
MECHANICSBURG, PA 17055
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 806 - Hospitals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments849874577336175
Cash and cash equivalents849874577336175
Receivables940941889897763707
Prepaid expense23325661921
Derivative instruments and hedges, assets5975    
Other current assets1521251201149690
Total current assets:1,2581,2711,1391,5941,213993
Noncurrent Assets
Operating lease, right-of-use asset1,1891,1701,0791,0321,004
Property, plant and equipment1,0241,001961943998980
Intangible assets, net (including goodwill)3,8433,8363,8243,7673,8013,758
Goodwill3,5133,4843,4493,3793,3923,321
Intangible assets, net (excluding goodwill)330352375388409438
Derivative instruments and hedges  45    
Other noncurrent assets377342357319324234
Total noncurrent assets:6,4326,3946,2216,0616,1274,972
TOTAL ASSETS:7,6907,6657,3607,6557,3405,964
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities664632653576557526
Interest and dividends payable29293412
Taxes payable1834
Employee-related liabilities144133184172
Accounts payable174187234177146147
Accrued liabilities489446244229191191
Debt704418132544
Due to related parties37223131 
Other undisclosed current liabilities514442581819301136
Total current liabilities:1,2481,1551,2731,438914705
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5883,8353,5563,3893,4203,250
Finance lease, liability 1415171313
Other undisclosed long-term debt and lease obligation3,5743,8202,6232,5012,5543,250
Liabilities, other than long-term debt1,2791,284249301250159
Deferred income tax liabilities143170143132148
Other liabilities110106106169101159
Operating lease, liability1,0261,008917875853
Other undisclosed noncurrent liabilities   917875853154
Total noncurrent liabilities:4,8675,1204,7224,5664,5223,562
Total liabilities:6,1166,2755,9956,0045,4374,268
Temporary equity, carrying amount263439398975780
Equity
Equity, attributable to parent1,2881,1221,1101,060771803
Common stock000000
Additional paid in capital493452504509491483
Accumulated other comprehensive income (loss)438912(2)  
Retained earnings752581593553280320
Equity, attributable to noncontrolling interest259235216192158113
Total equity:1,5481,3571,3261,253929916
TOTAL LIABILITIES AND EQUITY:7,6907,6657,3607,6557,3405,964

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues6,6646,3346,2055,5325,4545,081
Cost of revenue(5,732)(5,603)(5,293)(4,732)(4,644)(4,341)
Cost of goods and services sold(5,732)(5,600)(5,285)(4,710)(4,641) 
Gross profit:932731912799810740
Operating expenses(379)(356)(342)(322)(338)(323)
Other operating income, net22914490  
Operating income:555403714568472417
Nonoperating income
(Investment Income, Nonoperating)
   21279
Interest and debt expense(213)(169)(136)(153)(239)(213)
Income from continuing operations before equity method investments, income taxes:342234580427240214
Income from equity method investments412644292522
Other undisclosed income from continuing operations before income taxes   5   
Income from continuing operations before income taxes:382261630456265236
Income tax expense(83)(63)(130)(112)(64)(59)
Income from continuing operations:300198500345201177
Income before gain (loss) on sale of properties:500345201177
Net income:300198500345201177
Net loss attributable to noncontrolling interest(56)(39)(98)(86)(53)(39)
Net income attributable to parent:243159402259148138
Undistributed earnings (loss) allocated to participating securities, basic    (9)(5)(5)
Other undisclosed net loss available to common stockholders, basic(9)(6)(13)   
Net income available to common stockholders, basic:235153389250143133
Other undisclosed net income available to common stockholders, diluted     00
Net income available to common stockholders, diluted:235153389250143133

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:300198500345201177
Net loss attributable to redeemable noncontrolling interest
Other comprehensive income (loss)(15)(25)5(1)  
Other undisclosed comprehensive income (loss)(30)10110(1)  
Comprehensive income:254274514343201177
Comprehensive loss, net of tax, attributable to noncontrolling interest(56)(39)(98)(86)(53)(39)
Comprehensive income, net of tax, attributable to parent:198235417257148138

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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