SunLink Health Systems, Inc. (SSY) Financial Statements (2024 and earlier)

Company Profile

Business Address 900 CIRCLE 75 PARKWAY
ATLANTA, GA 30339
State of Incorp. OH
Fiscal Year End June 30
Industry (SIC) 8062 - General Medical and Surgical Hospitals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4865,1566,7949,96211,1847,742
Cash and cash equivalents4,4865,1566,7949,96211,1847,742
Receivables4,2514,4754,6244,1894,3154,715
Inventory, net of allowances, customer advances and progress billings1,7541,8121,7481,8901,8662,016
Inventory1,7541,8121,7481,8901,8662,016
Asset, held-for-sale, not part of disposal group      
Other undisclosed current assets1,7833,5813,6495,9002,5582,185
Total current assets:12,27415,02416,81521,94119,92316,658
Noncurrent Assets
Operating lease, right-of-use asset1,0451,0341,1871,251970
Nontrade receivables      153
Property, plant and equipment8,2818,4278,2176,5545,3245,243
Intangible assets, net (including goodwill)1,1801,1881,2011,2271,2541,353
Intangible assets, net (excluding goodwill)1,1801,1881,2011,2271,2541,353
Regulated entity, other noncurrent assets      195
Other noncurrent assets489496523591500763
Other undisclosed noncurrent assets      54
Total noncurrent assets:10,99511,14511,1289,6238,0487,761
TOTAL ASSETS:23,26926,16927,94331,56427,97124,419
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4163,4639,5874,9284,2524,367
Taxes payable2,6001,9661,411843
Employee-related liabilities1,5201,8661,9691,960
Accounts payable1,8491,8761,3471,0968721,564
Accrued liabilities1,5671,5874,120   
Debt1430 3,0091,4012,836
Other liabilities1,0241,3161,3138888661,207
Other undisclosed current liabilities415824(3,209)8404,897 
Total current liabilities:4,8695,6337,6919,66511,4168,410
Noncurrent Liabilities
Long-term debt and lease obligation, including:   14521,957127
Long-term debt, excluding current maturities   14521,957127
Finance lease, liability   145290
Other undisclosed long-term debt and lease obligation   (871)(927)(697) 
Liabilities, other than long-term debt845881175131144134
Deferred income tax liabilities 69 69  
Other liabilities102182106131144134
Operating lease, liability674699857875607
Other undisclosed noncurrent liabilities13894943906711705
Total noncurrent liabilities:9839751,1321,0892,812966
Total liabilities:5,8526,6088,82310,75414,2289,376
Equity
Equity, attributable to parent17,41719,56119,12020,81013,74315,043
Common stock3,5163,5163,4783,4633,4503,493
Additional paid in capital10,74610,74610,73610,70010,71410,745
Accumulated other comprehensive income (loss)150106106(162)(339)(253)
Retained earnings (accumulated deficit)3,0055,1934,8006,809(82)1,058
Total equity:17,41719,56119,12020,81013,74315,043
TOTAL LIABILITIES AND EQUITY:23,26926,16927,94331,56427,97124,419

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Other undisclosed loss before gain (loss) on sale of properties(287)  
Revenues47,94945,83741,34440,68547,81345,618
Gross profit:47,94945,83741,34440,68547,81345,618
Operating expenses(8,391)(8,020)(7,716)(6,379)(6,031)(7,360)
Other undisclosed operating loss(41,880)(40,665)(38,968)(32,435)(42,111)(40,572)
Operating income (loss):(2,322)(2,848)(5,340)1,871(329)(2,314)
Interest and debt expense(2)(4)(5)(7)(178)(241)
Other undisclosed income from continuing operations before equity method investments, income taxes    5,136217477
Income (loss) from continuing operations before equity method investments, income taxes:(2,324)(2,852)(5,345)7,000(290)(2,078)
Other undisclosed income from continuing operations before income taxes6621903,730   
Income (loss) from continuing operations before income taxes:(1,662)(2,662)(1,615)7,000(290)(2,078)
Income tax expense (benefit)724(107)(63)(296)82
Other undisclosed loss from continuing operations  (107)    
Income (loss) from continuing operations:(1,655)(2,745)(1,722)6,937(586)(1,996)
Income (loss) before gain (loss) on sale of properties:(5,082)(2,009)6,890(1,140)(3,890)
Loss from discontinued operations (140) (287)(47)(554)(1,894)
Other undisclosed net income (loss)     2,136
Net income (loss):(1,795)(3,032)(2,009)6,890(1,140)(1,754)
Other undisclosed net income (loss) attributable to parent 70    
Net income (loss) available to common stockholders, diluted:(1,795)(2,962)(2,009)6,890(1,140)(1,754)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(1,795)(3,032)(2,009)6,890(1,140)(1,754)
Comprehensive income (loss):(1,795)(3,032)(2,009)6,890(1,140)(1,754)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent44338268177(86)(76)
Comprehensive income (loss), net of tax, attributable to parent:(1,751)(2,694)(1,741)7,067(1,226)(1,830)

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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