GENESIS HEALTHCARE, INC. (GEN) financial statements (2021 and earlier)

Company profile

Business Address 101 EAST STATE STREET
KENNETT SQUARE, PA 19348
State of Incorp. DE
Fiscal Year End December 31
SIC 8051 - Skilled Nursing Care Facilities (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21212215551624
Cash and cash equivalents21212215551624
Restricted cash and investments9095109374453 
Receivables427568623724832789131
Prepaid expense93109837464596
Disposal group, including discontinued operation 13 4  
Deferred tax assets    18
Other current assets47443750644910
Other undisclosed current assets      (7)
Total current assets:8698298769401,0591,011161
Noncurrent Assets
Finance lease, right-of-use asset2837
Operating lease, right-of-use asset1,7162,400
Property, plant and equipment9859622,8883,4143,7654,085331
Long-term investments and receivables      7
Long-term investments      5
Accounts and financing receivable, after allowance for credit loss      2
Intangible assets, net (including goodwill)16817320522961668087
Goodwill8686868644147069
Intangible assets, net (excluding goodwill)828711914317621018
Deposits noncurrent assets      11
Restricted cash and investments1651561489311214534
Disposal group, including discontinued operation, noncurrent assets131616 82  
Deferred costs      7
Deferred income tax assets24
Other noncurrent assets1168612610913816250
Deferred tax assets, net64673
Other undisclosed noncurrent assets      (381)
Total noncurrent assets:3,1933,8333,3883,8484,7205,080149
Other undisclosed assets      340
TOTAL ASSETS:4,0624,6624,2644,7885,7796,091651
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:71061863568765661765
Accounts payable211238235286259234 
Accrued liabilities336226228234215198 
Employee-related liabilities16315417316718218537
Other undisclosed accounts payable and accrued liabilities      28
Debt90930612529261412
Disposal group, including discontinued operation001 1  
Self insurance reserve15414615018117316716
Other undisclosed current liabilities2,072 222122
Total current liabilities:3,8451,071912899858799115
Noncurrent Liabilities
Long-term debt and lease obligation8304,1722,0512,0762,1442,271398
Long-term debt, excluding current maturities6351,4511,0831,0501,1471,218398
Finance lease, liability3539
Capital lease obligations9681,0259971,054 
Operating lease, liability1602,681
Liabilities, other than long-term debt55050261256464057746
Asset retirement obligations      4
Deferred tax liabilities, net682215 
Deferred income tax liabilities55
Disposal group, including discontinued operation, liabilities182026 69  
Other liabilities1427012611910313313
Self insurance reserve38540745443744642929
Other undisclosed noncurrent liabilities  2,7332,9292,8683,064(4)
Total noncurrent liabilities:1,3804,6745,3965,5695,6525,912440
Total liabilities:5,2245,7456,3086,4686,5096,711556
Stockholders' equity
Stockholders' equity attributable to parent, including:(820)(761)(1,340)(1,084)(490)(436)95
Additional paid in capital247249270291305295383
Accumulated other comprehensive income (loss)11(0)(0)(0)(0) 
Accumulated deficit(1,069)(1,010)(1,610)(1,375)(796)(732)(287)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(342)(322)(705)(596)(240)(183) 
Total stockholders' equity:(1,162)(1,083)(2,045)(1,680)(730)(619)95
TOTAL LIABILITIES AND EQUITY:4,0624,6624,2644,7885,7796,091651

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,9064,5664,9775,3745,7325,619833
Revenue, net5,3745,732161833
Cost of revenue      (732)
Gross profit:3,9064,5664,9775,3745,7325,619101
Operating expenses(1,659)(1,546)(1,661)(1,765)(1,715)(1,635)(73)
Other operating income, net
(Other Nonrecurring (Income) Expense)
306      
Operating income:2,5533,0203,3163,6094,0173,98429
Nonoperating income (expense)20618120(3)21031
Investment income, nonoperating4775321
Other nonoperating income (expense)20217413(8)20710
Interest and debt expense(9)0(0)7(16)(0)(33)
Income (loss) from continuing operations before equity method investments, income taxes:2,7513,2013,3353,6124,2113,987(4)
Income from equity method investments8100321
Other undisclosed loss from continuing operations before income taxes(2,866)(3,193)(3,710)(4,582)(4,350)(4,342) 
Income (loss) from continuing operations before income taxes:(107)9(375)(970)(136)(353)(2)
Income tax expense (benefit)4(2)21017(173)1
Income (loss) from continuing operations:(103)7(372)(959)(118)(526)(1)
Income (loss) from discontinued operations   (0)0(1) 
Net income (loss):(103)7(372)(959)(118)(527)(1)
Net income attributable to noncontrolling interest44713738054101 
Net income (loss) attributable to parent:(59)15(235)(579)(64)(426)(1)
Other undisclosed net income available to common stockholders, basic 2     
Net income (loss) available to common stockholders, diluted:(59)16(235)(579)(64)(426)(1)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(103)7(372)(959)(118)(527)(1)
Other undisclosed comprehensive income (loss)11(0)(0)(0)(1) 
Comprehensive income (loss):(102)9(372)(959)(118)(528)(1)
Comprehensive income, net of tax, attributable to noncontrolling interest44713738054101 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income (loss), net of tax, attributable to parent:(58)15(235)(579)(64)(427)(1)

Statements sources

The financial statements are based on the company's filings with the 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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