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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61695728516099
Cash and cash equivalents61695728516099
Restricted cash and investments011344 
Receivables18014816216517815188
Prepaid expense53755698
Disposal group, including discontinued operation07     
Deposits current assets  3343 
Deferred tax assets  7662
Other current assets67131215121
Other undisclosed current assets351727232813
Total current assets:256211296295320375212
Noncurrent Assets
Operating lease, right-of-use asset20
Property, plant and equipment23235046585733
Long-term investments and receivables131162170161   
Long-term investments131162170161   
Intangible assets, net (including goodwill)155161166169626696157
Goodwill135135122120340356113
Intangible assets, net (excluding goodwill)2026444928634143
Restricted cash and investments 3511161512
Deferred costs     53
Other noncurrent assets1210128342212
Deferred tax assets, net 540  
Other undisclosed noncurrent assets 3   (739)(26)
Total noncurrent assets:34136140839973457189
Other undisclosed assets     73324
TOTAL ASSETS:5975727046941,0541,165425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities494811912316121679
Accounts payable109152230484
Accrued liabilities393910410113112252
Employee-related liabilities     4623
Deferred revenue0
Debt7122312548
Due to related parties     66 
Disposal group, including discontinued operation13     
Business combination, contingent consideration, liability     8
Deferred revenue and credits172129124
Contract with customer, liability1
Other undisclosed current liabilities93908882751243
Total current liabilities:150143227227295339174
Noncurrent Liabilities
Long-term debt and lease obligation, including:001227248575
Long-term debt, excluding current maturities    272485 
Finance lease, liability0
Operating lease, liability15
Other undisclosed long-term debt and lease obligation(15)012  75
Liabilities, other than long-term debt1616639011912025
Deferred revenue1
Contract with customer, liability1
Deferred tax liabilities, net 426793939
Other liabilities15152123252715
Other undisclosed noncurrent liabilities3725     
Total noncurrent liabilities:52416492391604100
Total liabilities:203184291319686944274
Stockholders' equity
Stockholders' equity attributable to parent318311338300291221144
Common stock0000000
Treasury stock, value(218)(211)(155)(125)(55)(18)(16)
Additional paid in capital352335314302293261194
Accumulated other comprehensive loss  (26)(33)(17)(9)(1)
Retained earnings (accumulated deficit)18418720515769(13)(34)
Stockholders' equity attributable to noncontrolling interest  (2)(2)(0)07
Total stockholders' equity:318311336298290221151
Other undisclosed liabilities and equity7777787878  
TOTAL LIABILITIES AND EQUITY:5975727046941,0541,165425

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,5101,3851,6241,5791,6951,4811,123
Cost of revenue
(Cost of Goods and Services Sold)
(1,401)(1,285)(1,489)(1,453)(1,544)(1,339) 
Gross profit:1091001351261511421,123
Operating expenses(84)(1,361)(1,588)(1,570)(1,671)(1,439)(1,084)
Other undisclosed operating income 1,2851,4891,4531,5441,339 
Operating income:2524369244239
Nonoperating income (expense)  (0)1(1)00
Investment income, nonoperating      0
Foreign currency transaction gain (loss), before tax  (0)1(1)0 
Interest and debt expense   (2) (6)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(30)(1)29(10)(25)(9) 
Income (loss) from continuing operations before equity method investments, income taxes:(6)2364(2)(2)2831
Loss from equity method investments    (11)  
Income (loss) from continuing operations before income taxes:(6)2364(2)(13)2831
Income tax expense (benefit)1(5)(4)(17)(16)(8)(12)
Other undisclosed income from continuing operations    11  
Income (loss) from continuing operations:(5)1860(19)(19)2019
Income (loss) from discontinued operations6(37)(6)109102  
Net income (loss):1(19)5490832019
Net income (loss) attributable to noncontrolling interest  (0)21  
Other undisclosed net loss attributable to parent (0)     
Net income (loss) attributable to parent:1(19)5392842019
Preferred stock dividends and other adjustments(4)(4)(4)(4)   
Undistributed earnings (loss) allocated to participating securities, basic (2)(7)
Other undisclosed net loss available to common stockholders, basic   (13)(15)  
Net income (loss) available to common stockholders, diluted:(3)(25)4274692019

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1(19)5490832019
Other comprehensive income (loss) 268(17)(8)(7) 
Comprehensive income:176173751319
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (2)(0)21  
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:156175761319

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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