The Providence Service Corporation (PRSC) financial statements (2021 and earlier)

Company profile

Business Address 700 CANAL STREET
STAMFORD, CT 06902
State of Incorp. DE
Fiscal Year End December 31
SIC 47 - Transportation Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments183616957285160
Cash and cash equivalents183616957285160
Restricted cash and investments0011344
Receivables208180148162165178151
Prepaid expense235375569
Disposal group, including discontinued operation107    
Deposits current assets   3343
Deferred tax assets  766
Other current assets86713121512
Other undisclosed current assets23517272328
Total current assets:427256211296295320375
Noncurrent Assets
Operating lease, right-of-use asset3120
Property, plant and equipment28232350465857
Long-term investments and receivables137131162170161  
Long-term investments137131162170161  
Intangible assets, net (including goodwill)791155161166169626696
Goodwill445135135122120340356
Intangible assets, net (excluding goodwill)34620264449286341
Restricted cash and investments  35111615
Deferred costs      5
Other noncurrent assets1312101283422
Deferred tax assets, net 540 
Other undisclosed noncurrent assets  3   (739)
Total noncurrent assets:99934136140839973457
Other undisclosed assets      733
TOTAL ASSETS:1,4265975727046941,0541,165
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2274948119123161216
Accounts payable810915223048
Accrued liabilities2193939104101131122
Employee-related liabilities      46
Deferred revenue30
Debt071223125
Due to related parties      66
Disposal group, including discontinued operation213    
Business combination, contingent consideration, liability      8
Deferred revenue and credits17212912
Contract with customer, liability1
Other undisclosed current liabilities93939088827512
Total current liabilities:325150143227227295339
Noncurrent Liabilities
Long-term debt and lease obligation, including:4860012272485
Long-term debt, excluding current maturities     272485
Finance lease, liability 0
Operating lease, liability2315
Other undisclosed long-term debt and lease obligation463(15)012  
Liabilities, other than long-term debt18116166390119120
Deferred revenue11
Contract with customer, liability1
Deferred tax liabilities, net 42679393
Deferred income tax liabilities92 
Other liabilities88151521232527
Other undisclosed noncurrent liabilities233725    
Total noncurrent liabilities:69052416492391604
Total liabilities:1,014203184291319686944
Stockholders' equity
Stockholders' equity attributable to parent412318311338300291221
Common stock0000000
Treasury stock, value(228)(218)(211)(155)(125)(55)(18)
Additional paid in capital421352335314302293261
Accumulated other comprehensive loss   (26)(33)(17)(9)
Retained earnings (accumulated deficit)21818418720515769(13)
Stockholders' equity attributable to noncontrolling interest   (2)(2)(0)0
Total stockholders' equity:412318311336298290221
Other undisclosed liabilities and equity 7777787878 
TOTAL LIABILITIES AND EQUITY:1,4265975727046941,0541,165

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,3691,5101,3851,6241,5791,6951,481
Cost of revenue(1,082)(1,401)(1,285)(1,489)(1,453)(1,544)(1,339)
Cost of goods and services sold(1,079)(1,401)(1,285)(1,489)(1,453)(1,544)(1,339)
Gross profit:286109100135126151142
Operating expenses(163)(84)(1,361)(1,588)(1,570)(1,671)(1,439)
Other undisclosed operating income  1,2851,4891,4531,5441,339
Operating income:12325243692442
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
   (0)1(1)0
Interest and debt expense(9)   (2) (6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0(30)(1)29(10)(25)(9)
Income (loss) from continuing operations before equity method investments, income taxes:114(6)2364(2)(2)28
Loss from equity method investments     (11) 
Income (loss) from continuing operations before income taxes:114(6)2364(2)(13)28
Income tax expense (benefit)(25)1(5)(4)(17)(16)(8)
Other undisclosed income from continuing operations     11 
Income (loss) from continuing operations:90(5)1860(19)(19)20
Income (loss) from discontinued operations(1)6(37)(6)109102 
Net income (loss):891(19)54908320
Net income (loss) attributable to noncontrolling interest   (0)21 
Other undisclosed net loss attributable to parent  (0)    
Net income (loss) attributable to parent:891(19)53928420
Preferred stock dividends and other adjustments(2)(4)(4)(4)(4)  
Undistributed earnings (loss) allocated to participating securities, basic(2) (2)(7)
Other undisclosed net loss available to common stockholders, basic(52)   (13)(15) 
Net income (loss) available to common stockholders, diluted:32(3)(25)42746920

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):891(19)54908320
Other comprehensive income (loss)  268(17)(8)(7)
Comprehensive income:891761737513
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (2)(0)21 
Comprehensive income, net of tax, attributable to parent:891561757613

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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