Option Care Health, Inc. (OPCH) Financial Statements (2024 and earlier)

Company Profile

Business Address 3000 LAKESIDE DR
BANNOCKBURN, IL 60015
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8082 - Home Health Care Services (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 investments294,186119,42399,26567,05614,53939,457
Cash and cash equivalents294,186119,42399,26567,05614,53939,457
Restricted cash and investments     4,3215,000
Receivables377,542338,242328,340324,416114,86485,522
Inventory, net of allowances, customer advances and progress billings224,281183,095158,601115,87626,68938,044
Inventory224,281183,095158,601115,87626,68938,044
Deferred tax assets 1,098
Other undisclosed current assets98,33069,49670,80651,30614,29218,570
Total current assets:994,339710,256657,012558,654174,705187,691
Noncurrent Assets
Operating lease, right-of-use asset72,42474,77768,79563,502
Property, plant and equipment108,321111,535121,149133,19828,78826,973
Intangible assets, net (including goodwill)1,533,4241,477,5641,779,6621,811,452377,668386,312
Goodwill1,533,4241,477,5641,428,6101,425,542367,198367,198
Intangible assets, net (excluding goodwill)   351,052385,91010,47019,114
Deferred income tax assets  27,033  
Other noncurrent assets40,31323,73320,82122,7411,7452,116
Deferred tax assets, net1,032 
Other undisclosed noncurrent assets364,115366,020    
Total noncurrent assets:2,118,5972,080,6621,990,4272,030,893409,233415,401
TOTAL ASSETS:3,112,9362,790,9182,647,4392,589,547583,938603,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities455,669362,749341,812266,82567,02565,963
Employee-related liabilities83,50358,89945,765  
Accounts payable378,763279,246282,913221,06067,02565,963
Accrued liabilities76,906     
Debt6,0006,0009,25029,6413,1791,722
Other undisclosed current liabilities103,68290,94682,96133,53837,11237,445
Total current liabilities:565,351459,695434,023330,004107,316105,130
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,058,2041,134,3921,185,8791,335,488501,495478,866
Long-term debt, excluding current maturities1,058,2041,059,9001,115,1031,277,246  
Other undisclosed long-term debt and lease obligation     501,495478,866
Liabilities, other than long-term debt103,27820,94511,81317,22825,84221,769
Deferred income tax liabilities22,154 3,3392,143
Other liabilities9,68320,9458,47415,08525,84221,769
Operating lease, liability71,44174,49270,77658,242
Total noncurrent liabilities:1,161,4821,155,3371,197,6921,352,716527,337500,635
Total liabilities:1,726,8331,615,0321,631,7151,682,720634,653605,765
Equity
Equity, attributable to parent1,386,1031,175,8861,015,724906,827(144,004)(84,752)
Common stock181818181313
Treasury stock, value(2,403)(2,403)(2,403)(2,403)(950)(16)
Additional paid in capital1,176,9061,138,8551,129,3121,008,362618,137624,762
Accumulated other comprehensive income (loss)21,159(451)(11,172)(7,195)  
Retained earnings (accumulated deficit)190,42339,867(100,031)(91,955)(761,204)(709,511)
Other undisclosed equity     93,28982,079
Total equity:1,386,1031,175,8861,015,724906,827(50,715)(2,673)
TOTAL LIABILITIES AND EQUITY:3,112,9362,790,9182,647,4392,589,547583,938603,092

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
Revenues3,944,7353,438,6403,032,6102,310,417708,903817,190
Revenue, net817,190
Cost of revenue(3,077,817)(2,659,034)(2,350,346)(1,797,418)(465,865)(547,948)
Cost of goods and services sold(3,077,817)(2,659,034)(2,350,346)(1,797,418)  
Gross profit:866,918779,606682,264512,999243,038269,242
Operating expenses(626,687)(588,765)(571,509)(513,318)(232,135)(227,176)
Operating income (loss):240,231190,841110,755(319)10,90342,066
Nonoperating income (expense)19,343(7,344)(8,228)(73,724)(61,927) 
Investment income, nonoperating5,1256,0303,3132,840  
Other nonoperating income (expense)14,218(13,374)(11,541)(6,991)  
Interest and debt expense(53,806)(67,003)(107,770)(5,469) (13,453)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (96,046)
Income (loss) from continuing operations before income taxes:205,768116,494(5,243)(79,512)(51,024)(67,433)
Income tax expense (benefit)(55,212)23,404(2,833)2,274(568)4,130
Income (loss) from continuing operations:150,556139,898(8,076)(77,238)(51,592)(63,303)
Income (loss) before gain (loss) on sale of properties:139,898(8,076)(77,238)(51,592)(63,303)
Net income (loss):150,556139,898(8,076)(77,238)(51,592)(63,303)
Other undisclosed net income (loss) attributable to parent    1,318(101)(893)
Net income (loss) attributable to parent:150,556139,898(8,076)(75,920)(51,693)(64,196)
Preferred stock dividends and other adjustments     (11,210)(10,077)
Net income (loss) available to common stockholders, diluted:150,556139,898(8,076)(75,920)(62,903)(74,273)

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 (loss):150,556139,898(8,076)(77,238)(51,592)(63,303)
Other comprehensive income (loss)21,61010,721(3,977)(8,039)  
Comprehensive income (loss):172,166150,619(12,053)(85,277)(51,592)(63,303)
Other undisclosed comprehensive income, net of tax, attributable to parent   1,318  
Comprehensive income (loss), net of tax, attributable to parent:172,166150,619(12,053)(83,959)(51,592)(63,303)

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.

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