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)Annual | Quarterly
| 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 investments | 111 | 93 | 84 | 77 | 101 | 84 | |||
| Cash and cash equivalents | 111 | 93 | 84 | 77 | 101 | 84 | |||
| Receivables | 1,078 | 1,135 | 940 | 944 | 965 | 997 | |||
| Prepaid expense | 8 | 9 | 23 | 23 | 17 | 17 | |||
| Derivative instruments and hedges, assets | 22 | 43 | 59 | 86 | 84 | 72 | |||
| Other current assets | 145 | 161 | 152 | 146 | 138 | 144 | |||
| Total current assets: | 1,365 | 1,440 | 1,258 | 1,276 | 1,304 | 1,314 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,253 | 1,177 | 1,189 | 1,181 | 1,183 | 1,187 | |||
| Property, plant and equipment | 1,031 | 1,025 | 1,024 | 1,007 | 1,004 | 987 | |||
| Intangible assets, net (including goodwill) | 3,842 | 3,841 | 3,843 | 3,841 | 3,833 | 3,831 | |||
| Goodwill | 3,525 | 3,517 | 3,513 | 3,505 | 3,486 | 3,485 | |||
| Intangible assets, net (excluding goodwill) | 317 | 324 | 330 | 337 | 347 | 347 | |||
| Derivative instruments and hedges | 18 | 27 | |||||||
| Other noncurrent assets | 384 | 375 | 377 | 379 | 359 | 354 | |||
| Total noncurrent assets: | 6,510 | 6,418 | 6,432 | 6,408 | 6,397 | 6,386 | |||
| TOTAL ASSETS: | 7,875 | 7,858 | 7,690 | 7,684 | 7,702 | 7,700 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 736 | 665 | 664 | 648 | 667 | 629 | |||
| Accounts payable | 160 | 164 | 174 | 183 | 187 | 174 | |||
| Accrued liabilities | 576 | 502 | 489 | 465 | 480 | 455 | |||
| Debt | 46 | 60 | 70 | 35 | 57 | 114 | |||
| Other undisclosed current liabilities | 474 | 459 | 514 | 483 | 464 | 443 | |||
| Total current liabilities: | 1,257 | 1,184 | 1,248 | 1,166 | 1,188 | 1,186 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,594 | 3,759 | 3,588 | 3,695 | 3,695 | 3,767 | |||
| Finance lease, liability | 14 | ||||||||
| Other undisclosed long-term debt and lease obligation | 3,594 | 3,759 | 3,574 | 3,695 | 3,695 | 3,767 | |||
| Liabilities, other than long-term debt | 1,288 | 1,249 | 1,279 | 1,272 | 1,282 | 1,294 | |||
| Deferred income tax liabilities | 98 | 134 | 143 | 147 | 156 | 163 | |||
| Other liabilities | 99 | 100 | 110 | 106 | 105 | 107 | |||
| Operating lease, liability | 1,092 | 1,015 | 1,026 | 1,019 | 1,021 | 1,025 | |||
| Total noncurrent liabilities: | 4,882 | 5,008 | 4,867 | 4,968 | 4,978 | 5,061 | |||
| Total liabilities: | 6,139 | 6,192 | 6,116 | 6,134 | 6,166 | 6,247 | |||
| Temporary equity, carrying amount | 30 | 28 | 26 | 27 | 34 | 34 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,417 | 1,367 | 1,288 | 1,268 | 1,246 | 1,170 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 519 | 505 | 493 | 482 | 474 | 462 | |||
| Accumulated other comprehensive income | 6 | 31 | 43 | 63 | 75 | 73 | |||
| Retained earnings | 891 | 831 | 752 | 723 | 697 | 635 | |||
| Equity, attributable to noncontrolling interest | 290 | 270 | 259 | 256 | 256 | 248 | |||
| Total equity: | 1,707 | 1,638 | 1,548 | 1,523 | 1,502 | 1,418 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,875 | 7,858 | 7,690 | 7,684 | 7,702 | 7,700 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,760 | 1,789 | 1,659 | 1,666 | 1,675 | 1,665 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,498) | (1,495) | (1,447) | (1,443) | (1,424) | (1,419) | ||
| Gross profit: | 262 | 294 | 212 | 223 | 251 | 246 | ||
| Operating expenses | (104) | (103) | (98) | (94) | (92) | (95) | ||
| Other operating income (expense), net | (0) | 2 | 1 | 0 | 1 | |||
| Operating income: | 158 | 194 | 114 | 130 | 159 | 151 | ||
| Interest and debt expense | (37) | (51) | (51) | (65) | (49) | (49) | ||
| Income from continuing operations before equity method investments, income taxes: | 121 | 143 | 63 | 65 | 110 | 103 | ||
| Income from equity method investments | 6 | 10 | 10 | 12 | 11 | 9 | ||
| Income from continuing operations before income taxes: | 127 | 154 | 74 | 77 | 121 | 111 | ||
| Income tax expense | (32) | (36) | (12) | (16) | (29) | (26) | ||
| Net income: | 95 | 117 | 62 | 61 | 92 | 85 | ||
| Net loss attributable to noncontrolling interest | (17) | (20) | (16) | (13) | (14) | (14) | ||
| Net income attributable to parent: | 78 | 97 | 46 | 48 | 78 | 71 | ||
| Other undisclosed net loss available to common stockholders, basic | (3) | (3) | (2) | (2) | (3) | (3) | ||
| Net income available to common stockholders, diluted: | 74 | 93 | 45 | 46 | 75 | 68 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 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 income: | 95 | 117 | 62 | 61 | 92 | 85 | ||
| Net loss attributable to redeemable noncontrolling interest | (2) | ✕ | ✕ | ✕ | ✕ | |||
| Other comprehensive income (loss) | (25) | (12) | (24) | (12) | 2 | (16) | ||
| Other undisclosed comprehensive income | 4 | |||||||
| Comprehensive income: | 70 | 105 | 42 | 48 | 94 | 69 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (17) | (20) | (16) | (13) | (14) | (14) | ||
| Comprehensive income, net of tax, attributable to parent: | 52 | 85 | 26 | 36 | 81 | 55 | ||
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.