National HealthCare Corporation (NHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 E. VINE ST
MURFREESBORO, TN 37130
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8051 - Skilled Nursing Care Facilities (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments182,589256,025323,445223,363202,146198,203
Cash and cash equivalents58,667107,607147,09350,33443,24759,118
Short-term investments123,922148,418176,352173,029158,899139,085
Restricted cash and investments15,12110,4079,6738,9449,96727,409
Receivables100,28896,57790,59897,23098,56393,682
Inventory, net of allowances, customer advances and progress billings7,0888,5828,7817,4417,4707,153
Inventory7,0888,5828,7817,4417,4707,153
Other undisclosed current assets48,84655,04724,2584,0753,8632,864
Total current assets:353,932426,638456,755341,053322,009329,311
Noncurrent Assets
Property, plant and equipment506,532520,996520,318535,430534,650549,319
Other noncurrent assets414,986455,762385,059410,165224,289217,896
Total noncurrent assets:921,518976,758905,377945,595758,939767,215
TOTAL ASSETS:1,275,4501,403,3961,362,1321,286,6481,080,9481,096,526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities114,847155,274131,736111,805111,108107,766
Interest and dividends payable8,4937,9877,9687,6237,297
Employee-related liabilities106,69886,18369,82667,61867,102
Accounts payable33,58940,08337,56634,01135,86733,367
Accrued liabilities81,258     
Deferred revenue  15,02251,253 
Debt4,9854,6954,42338,4093,9243,696
Self insurance reserve31,36531,13430,95329,52028,64327,409
Other liabilities17,61520,05921,34415,02914,24916,194
Other undisclosed current liabilities29,07537,01741,519   
Total current liabilities:197,887263,201281,228194,763157,924155,065
Noncurrent Liabilities
Long-term debt and lease obligation 860134,387164,144193,62974,128123,052
Long-term debt, excluding current maturities     55,000100,000
Capital lease obligations19,12823,052
Finance lease, liability 8605,84510,54014,963
Liabilities, other than long-term debt192,98290,337111,038109,697104,189103,263
Deferred revenue and credits3,226
Deferred revenue    3,136
Contract with customer, liability3,054
Deferred tax liabilities, net18,55018,376
Deferred income tax liabilities10,9096,85214,07924,012
Other liabilities19,95316,57128,37516,05815,20415,795
Operating lease, liability91,016128,542153,604178,666
Self insurance reserve71,10466,91468,58466,49167,38165,866
Other undisclosed noncurrent liabilities6,2077,0117,4629,49010,25011,714
Total noncurrent liabilities:200,049231,735282,644312,816188,567238,029
Total liabilities:397,936494,936563,872507,579346,491393,094
Equity
Equity, attributable to parent874,276903,004795,177778,593733,278702,738
Common stock153154153153153152
Additional paid in capital226,991232,167226,943222,787219,435215,659
Accumulated other comprehensive income (loss)(9,532)1,6055,0572,560(2,745)67,504
Retained earnings656,664669,078563,024553,093516,435419,423
Equity, attributable to noncontrolling interest3,2385,4563,0834761,179694
Total equity:877,514908,460798,260779,069734,457703,432
TOTAL LIABILITIES AND EQUITY:1,275,4501,403,3961,362,1321,286,6481,080,9481,096,526

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,085,7381,074,3021,028,217996,383980,349967,520
Revenue, net966,996
Cost of revenue(702,347)(647,289)(618,661)(609,281)(585,784)(581,344)
Gross profit:383,391427,013409,556387,102394,565386,176
Operating expenses(351,495)(376,088)(361,401)(338,064)(338,489)(331,542)
Other undisclosed operating loss      (524)
Operating income:31,89650,92548,15549,03856,07654,110
Nonoperating income
(Other Nonoperating income)
11,14117,77428,23426,74717,67020,439
Interest and debt expense(563)(845)(1,399)(3,135)(4,697)(4,890)
Income from continuing operations before equity method investments, income taxes:42,47467,85474,99072,65069,04969,659
Income from equity method investments  5,11112,342   
Income from continuing operations before income taxes:42,47472,96587,33272,65069,04969,659
Income tax expense(7,254)(10,951)(10,433)(20,039)(16,185)(18,867)
Income from continuing operations:35,22062,01476,89952,61152,86450,792
Income before gain (loss) on sale of properties:62,01476,89952,61152,86450,792
Other undisclosed net income (loss)(15,243)77,073(34,909)15,3655,8354,890
Net income:19,977139,08741,99067,97658,69955,682
Net income (loss) attributable to noncontrolling interest2,468(497)(119)235265523
Net income available to common stockholders, diluted:22,445138,59041,87168,21158,96456,205

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:19,977139,08741,99067,97658,69955,682
Other comprehensive income (loss)(11,137)(3,452)2,4975,305(2,048)1,436
Comprehensive income:8,840135,63544,48773,28156,65157,118
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2,468(497)(119)235265523
Comprehensive income, net of tax, attributable to parent:11,308135,13844,36873,51656,91657,641

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: