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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments122155516244
Cash and cash equivalents122155516244
Restricted cash and investments95109374453  
Receivables568623724832789131109
Prepaid expense109837464596 
Disposal group, including discontinued operation13 4   
Prepaid expense and other current assets21
Income taxes receivable8
Deferred tax assets    1810
Other current assets443750644910 
Other undisclosed current assets     (7)(9)
Total current assets:8298769401,0591,011161142
Noncurrent Assets
Finance lease, right-of-use asset37
Operating lease, right-of-use asset2,400
Property, plant and equipment9622,8883,4143,7654,085331342
Long-term investments and receivables     77
Long-term investments     56
Accounts and financing receivable, after allowance for credit loss     21
Intangible assets, net (including goodwill)1732052296166808788
Goodwill8686864414706969
Intangible assets, net (excluding goodwill)871191431762101819
Deposits noncurrent assets     119
Restricted cash and investments156148931121453427
Disposal group, including discontinued operation, noncurrent assets1616 82  
Deferred costs     79
Deferred income tax assets4
Other noncurrent assets8612610913816250 
Prepaid expense and other noncurrent assets43
Deferred tax assets, net646739
Other undisclosed noncurrent assets     (381)(384)
Total noncurrent assets:3,8333,3883,8484,7205,080149150
Other undisclosed assets     340351
TOTAL ASSETS:4,6624,2644,7885,7796,091651643
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6186356876566176557
Accounts payable238235286259234  
Accrued liabilities226228234215198  
Employee-related liabilities1541731671821853733
Other undisclosed accounts payable and accrued liabilities     2824
Debt306125292614128
Disposal group, including discontinued operation01 1   
Self insurance reserve1461501811731671614
Other undisclosed current liabilities 22212219
Total current liabilities:1,07191289985879911598
Noncurrent Liabilities
Long-term debt and lease obligation4,1722,0512,0762,1442,271398411
Long-term debt, excluding current maturities1,4511,0831,0501,1471,218398411
Finance lease, liability39
Capital lease obligations9681,0259971,054  
Operating lease, liability2,681
Liabilities, other than long-term debt5026125646405774646
Asset retirement obligations     44
Deferred tax liabilities, net682215  
Deferred income tax liabilities5
Disposal group, including discontinued operation, liabilities2026 69   
Other liabilities701261191031331312
Self insurance reserve4074544374464292930
Other undisclosed noncurrent liabilities 2,7332,9292,8683,064(4)(4)
Total noncurrent liabilities:4,6745,3965,5695,6525,912440453
Total liabilities:5,7456,3086,4686,5096,711556551
Stockholders' equity
Stockholders' equity attributable to parent, including:(761)(1,340)(1,084)(490)(436)9592
Additional paid in capital249270291305295383379
Accumulated other comprehensive income (loss)1(0)(0)(0)(0) 0
Accumulated deficit(1,010)(1,610)(1,375)(796)(732)(287)(287)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(322)(705)(596)(240)(183)  
Total stockholders' equity:(1,083)(2,045)(1,680)(730)(619)9592
TOTAL LIABILITIES AND EQUITY:4,6624,2644,7885,7796,091651643

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,5664,9775,3745,7325,619833842
Revenue, net5,3745,732161833842
Cost of revenue     (732)(749)
Gross profit:4,5664,9775,3745,7325,61910193
Operating expenses(1,546)(1,661)(1,765)(1,715)(1,635)(73)(68)
Operating income:3,0203,3163,6094,0173,9842926
Nonoperating income (expense)18120(3)210311
Investment income, nonoperating7753210
Other nonoperating income (expense)17413(8)207100
Interest and debt expense0(0)7(16)(0)(33)(37)
Income (loss) from continuing operations before equity method investments, income taxes:3,2013,3353,6124,2113,987(4)(11)
Income from equity method investments1003212
Other undisclosed loss from continuing operations before income taxes(3,193)(3,710)(4,582)(4,350)(4,342)  
Income (loss) from continuing operations before income taxes:9(375)(970)(136)(353)(2)(9)
Income tax expense (benefit)(2)21017(173)16
Other undisclosed loss from continuing operations      (3)
Income (loss) from continuing operations:7(372)(959)(118)(526)(1)(6)
Income (loss) from discontinued operations  (0)0(1) (4)
Net income (loss):7(372)(959)(118)(527)(1)(10)
Net income attributable to noncontrolling interest713738054101  
Net income (loss) attributable to parent:15(235)(579)(64)(426)(1)(10)
Other undisclosed net income available to common stockholders, basic2      
Net income (loss) available to common stockholders, diluted:16(235)(579)(64)(426)(1)(10)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):7(372)(959)(118)(527)(1)(10)
Other undisclosed comprehensive income (loss)1(0)(0)(0)(1)  
Comprehensive income (loss):9(372)(959)(118)(528)(1)(10)
Comprehensive income, net of tax, attributable to noncontrolling interest713738054101  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (0)0
Comprehensive income (loss), net of tax, attributable to parent:15(235)(579)(64)(427)(1)(10)

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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