National HealthCare Corporation (NHC) financial statements (2023 and earlier)
Company profile
| Business Address |
100 E. VINE ST MURFREESBORO, TN 37130 |
| 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)
| 12/31/2021 | 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 investments | 256 | 323 | 223 | 202 | 198 | 164 | 154 | ||
| Cash and cash equivalents | 108 | 147 | 50 | 43 | 59 | 26 | 38 | ||
| Short-term investments | 148 | 176 | 173 | 159 | 139 | 138 | 116 | ||
| Restricted cash and investments | 10 | 10 | 9 | 10 | 27 | 26 | 27 | ||
| Receivables | 97 | 91 | 97 | 99 | 94 | 90 | 88 | ||
| Inventory, net of allowances, customer advances and progress billings | 9 | 9 | 7 | 7 | 7 | 8 | 8 | ||
| Inventory | 9 | 9 | 7 | 7 | 7 | 8 | 8 | ||
| Other undisclosed current assets | 55 | 24 | 4 | 4 | 3 | 3 | 2 | ||
| Total current assets: | 427 | 457 | 341 | 322 | 329 | 291 | 279 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 521 | 520 | 535 | 535 | 549 | 560 | 536 | ||
| Other noncurrent assets | 456 | 385 | 410 | 224 | 218 | 237 | 230 | ||
| Total noncurrent assets: | 977 | 905 | 946 | 759 | 767 | 797 | 766 | ||
| TOTAL ASSETS: | 1,403 | 1,362 | 1,287 | 1,081 | 1,097 | 1,087 | 1,045 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 155 | 132 | 112 | 111 | 108 | 108 | 108 | ||
| Accounts payable | 40 | 38 | 34 | 36 | 33 | 36 | 37 | ||
| Employee-related liabilities | 107 | 86 | 70 | 68 | 67 | 66 | 65 | ||
| Interest and dividends payable | 8 | 8 | 8 | 8 | 7 | 7 | 6 | ||
| Deferred revenue | 15 | 51 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 5 | 4 | 38 | 4 | 4 | 3 | 3 | ||
| Self insurance reserve | 31 | 31 | 30 | 29 | 27 | 26 | 27 | ||
| Other liabilities | 20 | 21 | 15 | 14 | 16 | 13 | 12 | ||
| Other undisclosed current liabilities | 37 | 42 | |||||||
| Total current liabilities: | 263 | 281 | 195 | 158 | 155 | 151 | 151 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 134 | 164 | 194 | 74 | 123 | 147 | 150 | ||
| Long-term debt, excluding current maturities | 55 | 100 | 120 | 120 | |||||
| Finance lease, liability | 6 | 11 | 15 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 19 | 23 | 27 | 30 | ||
| Operating lease, liability | 129 | 154 | 179 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 90 | 111 | 110 | 104 | 103 | 95 | 110 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 3 | 3 | 3 | ||
| Accounts payable and accrued liabilities | 10 | 10 | |||||||
| Deferred revenue | 3 | ✕ | ✕ | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 3 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 19 | 18 | 9 | |||
| Deferred income tax liabilities | 7 | 14 | 24 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 17 | 28 | 16 | 15 | 16 | 16 | 16 | ||
| Self insurance reserve | 67 | 69 | 66 | 67 | 66 | 65 | 71 | ||
| Other undisclosed noncurrent liabilities | 7 | 7 | 9 | 10 | 12 | ||||
| Total noncurrent liabilities: | 232 | 283 | 313 | 189 | 238 | 242 | 260 | ||
| Total liabilities: | 495 | 564 | 508 | 346 | 393 | 393 | 411 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 903 | 795 | 779 | 733 | 703 | 670 | 631 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 232 | 227 | 223 | 219 | 216 | 211 | 209 | ||
| Accumulated other comprehensive income (loss) | 2 | 5 | 3 | (3) | 68 | 66 | 53 | ||
| Retained earnings | 669 | 563 | 553 | 516 | 419 | 392 | 368 | ||
| Stockholders' equity attributable to noncontrolling interest | 5 | 3 | 0 | 1 | 1 | ||||
| Total stockholders' equity: | 908 | 798 | 779 | 734 | 703 | 670 | 631 | ||
| Other undisclosed liabilities and equity | 25 | 3 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 1,403 | 1,362 | 1,287 | 1,081 | 1,097 | 1,087 | 1,045 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,074 | 1,028 | 996 | 980 | 968 | 927 | 907 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 967 | 927 | 907 | |
| Cost of revenue | (647) | (619) | (609) | (586) | (581) | (593) | (575) | |
| Gross profit: | 427 | 410 | 387 | 395 | 386 | 333 | 331 | |
| Operating expenses | (376) | (361) | (338) | (338) | (332) | (273) | (264) | |
| Other undisclosed operating loss | (1) | |||||||
| Operating income: | 51 | 48 | 49 | 56 | 54 | 61 | 67 | |
| Nonoperating income (Other Nonoperating income) | 18 | 28 | 27 | 18 | 20 | 20 | 18 | |
| Interest and debt expense | (1) | (1) | (3) | (5) | (5) | (4) | (3) | |
| Income from continuing operations before equity method investments, income taxes: | 68 | 75 | 73 | 69 | 70 | 76 | 83 | |
| Income from equity method investments | 5 | 12 | ||||||
| Income from continuing operations before income taxes: | 73 | 87 | 73 | 69 | 70 | 76 | 83 | |
| Income tax expense | (11) | (10) | (20) | (16) | (19) | (30) | (32) | |
| Income before gain (loss) on sale of properties: | 62 | 77 | 53 | 53 | 51 | 47 | 51 | |
| Other undisclosed net income (loss) | 77 | (35) | 15 | 6 | 5 | |||
| Net income: | 139 | 42 | 68 | 59 | 56 | 47 | 51 | |
| Net income (loss) attributable to noncontrolling interest | (0) | (0) | 0 | 0 | 1 | |||
| Other undisclosed net income attributable to parent | 4 | 3 | ||||||
| Net income attributable to parent: | 139 | 42 | 68 | 59 | 56 | 51 | 53 | |
| Preferred stock dividends and other adjustments | (7) | |||||||
| Net income available to common stockholders, diluted: | 139 | 42 | 68 | 59 | 56 | 51 | 46 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 139 | 42 | 68 | 59 | 56 | 47 | 51 | |
| Other comprehensive income (loss) | (3) | 2 | 5 | (2) | 1 | |||
| Comprehensive income: | 136 | 44 | 73 | 57 | 57 | 47 | 51 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | 0 | 0 | 1 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 17 | (9) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 135 | 44 | 74 | 57 | 58 | 63 | 42 | |
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.