GENESIS HEALTHCARE, INC. (GEN) financial statements (2020 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)

9/30/2019
TTM
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 investments352155516244
Cash and cash equivalents352155516244
Restricted cash and investments79109374453  
Receivables545623724832789131109
Prepaid expense82837464596 
Disposal group, including discontinued operation53 4   
Prepaid expense and other current assets21
Income taxes receivable8
Deferred tax assets    1810
Other current assets393750644910 
Other undisclosed current assets     (7)(9)
Total current assets:7848769401,0591,011161142
Noncurrent Assets
Finance lease, right-of-use asset38
Operating lease, right-of-use asset2,417
Property, plant and equipment9572,8883,4143,7654,085331342
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)1762052296166808788
Goodwill8686864414706969
Intangible assets, net (excluding goodwill)901191431762101819
Deposits noncurrent assets     119
Restricted cash and investments143148931121453427
Disposal group, including discontinued operation, noncurrent assets3316 82  
Deferred costs     79
Deferred income tax assets6
Other noncurrent assets12112610913816250 
Prepaid expense and other noncurrent assets43
Deferred tax assets, net646739
Other undisclosed noncurrent assets     (381)(384)
Total noncurrent assets:3,8903,3883,8484,7205,080149150
Other undisclosed assets     340351
TOTAL ASSETS:4,6744,2644,7885,7796,091651643
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6276356876566176557
Accounts payable254235286259234  
Accrued liabilities219228234215198  
Employee-related liabilities1531731671821853733
Other undisclosed accounts payable and accrued liabilities     2824
Debt262125292614128
Disposal group, including discontinued operation11 1   
Self insurance reserve1371501811731671614
Other undisclosed current liabilities 22212219
Total current liabilities:1,02791289985879911598
Noncurrent Liabilities
Long-term debt and lease obligation4,1582,0512,0762,1442,271398411
Long-term debt, excluding current maturities1,4211,0831,0501,1471,218398411
Finance lease, liability40
Capital lease obligations9681,0259971,054  
Operating lease, liability2,697
Liabilities, other than long-term debt5546125646405774646
Asset retirement obligations     44
Deferred tax liabilities, net682215  
Deferred income tax liabilities5
Disposal group, including discontinued operation, liabilities4526 69   
Other liabilities761261191031331312
Self insurance reserve4274544374464292930
Other undisclosed noncurrent liabilities 2,7332,9292,8683,064(4)(4)
Total noncurrent liabilities:4,7125,3965,5695,6525,912440453
Total liabilities:5,7396,3086,4686,5096,711556551
Stockholders' equity
Stockholders' equity attributable to parent, including:(749)(1,340)(1,084)(490)(436)9592
Additional paid in capital249270291305295383379
Accumulated other comprehensive income (loss)1(0)(0)(0)(0) 0
Accumulated deficit(999)(1,610)(1,375)(796)(732)(287)(287)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(316)(705)(596)(240)(183)  
Total stockholders' equity:(1,065)(2,045)(1,680)(730)(619)9592
TOTAL LIABILITIES AND EQUITY:4,6744,2644,7885,7796,091651643

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,6164,9775,3745,7325,619833842
Revenue, net5,3745,732161833842
Cost of revenue     (732)(749)
Gross profit:4,6164,9775,3745,7325,61910193
Operating expenses(1,539)(1,661)(1,765)(1,715)(1,635)(73)(68)
Operating income:3,0783,3163,6094,0173,9842926
Nonoperating income (expense)15120(3)210311
Investment income, nonoperating8753210
Other nonoperating income (expense)14313(8)207100
Interest and debt expense7(0)7(16)(0)(33)(37)
Income (loss) from continuing operations before equity method investments, income taxes:3,2353,3353,6124,2113,987(4)(11)
Income from equity method investments0003212
Other undisclosed loss from continuing operations before income taxes(3,321)(3,710)(4,582)(4,350)(4,342)  
Loss from continuing operations before income taxes:(85)(375)(970)(136)(353)(2)(9)
Income tax expense (benefit)121017(173)16
Other undisclosed loss from continuing operations      (3)
Loss from continuing operations:(84)(372)(959)(118)(526)(1)(6)
Income (loss) from discontinued operations  (0)0(1) (4)
Net loss:(84)(372)(959)(118)(527)(1)(10)
Net income attributable to noncontrolling interest4113738054101  
Net loss attributable to parent:(43)(235)(579)(64)(426)(1)(10)
Other undisclosed net income available to common stockholders, basic20      
Net loss available to common stockholders, diluted:(23)(235)(579)(64)(426)(1)(10)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(84)(372)(959)(118)(527)(1)(10)
Other undisclosed comprehensive income (loss)2(0)(0)(0)(1)  
Comprehensive loss:(82)(372)(959)(118)(528)(1)(10)
Comprehensive income, net of tax, attributable to noncontrolling interest4013738054101  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (0)0
Comprehensive loss, net of tax, attributable to parent:(42)(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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