CareMax, Inc. (CMAX) Financial Statements (2023 and earlier)

Company Profile

Business Address 1000 NW 57 COURT, SUITE 400
MIAMI, FL 33126
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 805 - Nursing And Personal Care Facilities (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,62647,917900
Cash and cash equivalents41,62647,917900
Receivables151,03641,998 
Inventory, net of allowances, customer advances and progress billings 723550 
Inventory 723550 
Prepaid expense  17,040198
Other current assets3,245  
Other undisclosed current assets7065399
Total current assets:197,336108,0441,107
Noncurrent Assets
Operating lease, right-of-use asset108,937  
Property, plant and equipment21,00615,993 
Intangible assets, net (including goodwill)824,228524,377 
Goodwill700,643464,566 
Intangible assets, net (excluding goodwill)123,58559,811 
Asset, held-in-trust   143,837
Deferred costs1,6851,972 
Other noncurrent assets17,5502,706 
Other undisclosed noncurrent assets1  
Total noncurrent assets:973,407545,048143,837
TOTAL ASSETS:1,170,743653,092144,943
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,31811,8003,626
Interest and dividends payable4 
Accounts payable7,6873,110458
Accrued liabilities18,6318,6863,168
Debt 6,275 
Due to related parties30,277  
Other liabilities7903,687 
Other undisclosed current liabilities19,937197130
Total current liabilities:77,32221,9593,756
Noncurrent Liabilities
Long-term debt and lease obligation230,725110,960 
Long-term debt, excluding current maturities230,725110,960 
Liabilities, other than long-term debt104,6146,428 
Other liabilities8,0756,428 
Operating lease, liability96,539  
Other undisclosed noncurrent liabilities138,5358,37529,207
Total noncurrent liabilities:473,874125,76329,207
Total liabilities:551,196147,72232,963
Equity
Equity, attributable to parent, including:619,547505,3705,000
Common stock119 
Additional paid in capital657,126505,32726,510
Retained earnings (accumulated deficit)(37,590)33(21,511)
Other undisclosed equity, attributable to parent  11
Other undisclosed equity   106,980
Total equity:619,547505,370111,980
TOTAL LIABILITIES AND EQUITY:1,170,743653,092144,943

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues631,132295,762 
Cost of revenue
(Cost of Goods and Services Sold)
  (10,402) 
Gross profit:631,132285,360 
Operating expenses(743,297)(324,585) 
Other undisclosed operating income 10,403 
Operating loss:(112,165)(28,822) 
Nonoperating income (expense)546(1,333) 
Other nonoperating income (expense)546(1,333) 
Interest and debt expense(6,172)1,630 
Loss from continuing operations before equity method investments, income taxes:(117,791)(28,525) 
Other undisclosed income from continuing operations before income taxes60,45422,009 
Loss from continuing operations before income taxes:(57,337)(6,516) 
Income tax expense (benefit)19,542(159) 
Loss from continuing operations:(37,795)(6,675) 
Loss before gain (loss) on sale of properties:(6,675)
Other undisclosed net loss(1)  
Net loss available to common stockholders, diluted:(37,796)(6,675) 

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(37,796)(6,675) 
Comprehensive loss, net of tax, attributable to parent:(37,796)(6,675) 

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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