The Joint Corp. (JYNT) financial statements (2023 and earlier)

Company profile

Business Address 16767 N PERIMETER DRIVE
SCOTTSDALE, AZ 85260
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,52620,5548,4568,7174,2163,01016,793
Cash and cash equivalents19,52620,5548,4568,7174,2163,01016,793
Restricted cash and investments386265186138104334385
Receivables3,7011,8502,7741,3631,3101,105875
Contract with customer, asset995898766611✕✕✕
Other undisclosed current assets2,2821,5661,1228821,0261,248972
Total current assets:26,89025,13413,30411,7116,6575,69719,025
Noncurrent Assets
Finance lease, right-of-use asset119 56✕✕✕✕
Operating lease, right-of-use asset18,42611,58112,487✕✕✕✕
Property, plant and equipment1,1008,7472,2313,6583,8004,7257,139
Long-term investments and receivables   129352 16
Accounts and financing receivable, after allowance for credit loss   129352 16
Intangible assets, net (including goodwill)10,4897,4917,3704,5504,6765,0895,009
Goodwill5,0854,6264,1502,9162,9162,7502,467
Intangible assets, net (excluding goodwill)5,4032,8653,2201,6341,7602,3392,542
Contract with customer, asset, net5,5054,3413,6272,878✕✕✕
Deposits noncurrent assets567431336600612708639
Deferred income tax assets9,1898,008 ✕✕✕✕
Other undisclosed noncurrent assets13,170 4,295 8138361,535
Total noncurrent assets:58,56540,59930,40211,81510,25311,35814,337
TOTAL ASSETS:85,45465,73343,70623,52616,91017,05533,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,4215,1084,5873,5552,0232,1053,866
Accounts payable1,7061,5621,5261,2531,0691,0551,997
Accrued liabilities1,80977021726687300376
Employee-related liabilities3,9062,7762,8442,0368677501,493
Deferred revenue3,1923,0002,741✕✕✕✕
Debt50712,3371,100100332452
Deferred rent credit   137✕✕✕
Liability for uncertainty in income taxes      66
Deferred revenue and credits✕✕✕✕2,7063,2932,914
Contract with customer, liability✕✕✕2,370✕✕✕
Other liabilities540707519478496155
Other undisclosed current liabilities10,2369,8003,3831,0999073135
Total current liabilities:21,43818,68613,5668,7384,9675,8647,487
Noncurrent Liabilities
Long-term debt and lease obligation16,96010,76511,935 1,000 130
Long-term debt, excluding current maturities    1,000 130
Finance lease, liability8813234✕✕✕✕
Operating lease, liability16,87210,63311,901✕✕✕✕
Liabilities, other than long-term debt15,48613,53112,48312,4276,0444,2665,066
Deferred revenue and credits✕✕✕✕5,4963,6334,827
Deferred revenue15,45913,50412,366✕✕✕✕
Contract with customer, liability✕✕✕11,239✕✕✕
Deferred rent credit   722✕✕✕
Deferred tax liabilities, net✕✕✕77136121 
Deferred income tax liabilities  90✕✕✕✕
Other liabilities272727389411512239
Other undisclosed noncurrent liabilities2,0002,000     
Total noncurrent liabilities:34,44626,29624,41912,4277,0444,2665,196
Total liabilities:55,88544,98237,98521,16512,01110,12912,683
Stockholders' equity
Stockholders' equity attributable to parent29,54520,7515,7202,3614,8996,92520,679
Common stock14141414141313
Treasury stock, value(851)(143)(111)(91)(86)(503)(792)
Additional paid in capital43,90041,35039,45538,18937,23036,39935,267
Accumulated deficit(13,519)(20,470)(33,637)(35,751)(32,259)(28,983)(13,810)
Stockholders' equity attributable to noncontrolling interest2500    
Total stockholders' equity:29,57020,7515,7212,3614,8996,92520,679
TOTAL LIABILITIES AND EQUITY:85,45465,73343,70623,52616,91017,05533,362

Income statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues80,86058,68348,45131,78925,16420,52413,835
Revenue, net✕✕✕✕24,18219,63712,637
Cost of revenue(8,514)(6,507)(5,566)(4,310)(3,312)(2,940)(2,820)
Cost of goods and services sold    (3,312)(2,940)(2,820)
Gross profit:72,34652,17642,88527,47921,85217,58411,016
Operating expenses(66,967)(46,735)(39,356)(26,680)(24,609)(29,086)(20,332)
Other undisclosed operating income (loss)(27)51(114)(594)(418)(3,520) 
Operating income (loss):5,3525,4923,415205(3,175)(15,023)(9,316)
Nonoperating income (expense)(70)(79)(42)10(64)13283
Investment income, nonoperating  1958  261
Other nonoperating income (expense)(70)(79)(62)(48)(64)1322
Interest and debt expense(9)(12)(7)    
Income (loss) from continuing operations before equity method investments, income taxes:5,2745,4013,366215(3,239)(15,009)(9,033)
Other undisclosed income from continuing operations before income taxes9127    
Income (loss) from continuing operations before income taxes:5,2835,4133,372215(3,239)(15,009)(9,033)
Income tax expense (benefit)1,2937,755(49)38(36)(164)236
Net income (loss) available to common stockholders, diluted:6,57613,1673,324253(3,275)(15,174)(8,797)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):6,57613,1673,324253(3,275)(15,174)(8,797)
Comprehensive income (loss), net of tax, attributable to parent:6,57613,1673,324253(3,275)(15,174)(8,797)

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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