R1 RCM Inc. (RCM) Financial Statements (2024 and earlier)

Company Profile

Business Address 401 NORTH MICHIGAN AVENUE
CHICAGO, IL 60611
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8741 - Management Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 130,100173,80092,00062,800164,900182,176
Cash and cash equivalents 130,100173,80092,00062,800164,900181,176
Short-term investments      1,000
Restricted cash and investments    1,800  
Receivables 157,400122,20083,10097,40023,6005,816
Prepaid expense 27,80018,20016,70013,6006003,818
Capitalized contract cost 3,7004,5004,000 
Other current assets 16,60013,40010,70012,400  
Other undisclosed current assets 29,10023,30010,2008,80013,20012,804
Total current assets: 364,700355,400216,700196,800202,300204,614
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,800
Operating lease, right-of-use asset 48,90057,80077,900
Property, plant and equipment    95,20048,30032,789
Intangible assets, net (including goodwill) 820,100546,400417,900435,300  
Goodwill 554,700375,300253,200254,800  
Intangible assets, net (excluding goodwill) 265,400171,100164,700180,500  
Capitalized contract cost, net 23,400   
Restricted cash and investments  1,0005005001,5001,500
Deferred income tax assets 51,80073,70064,200
Other noncurrent assets 45,70061,00035,00022,20013,4006,240
Other undisclosed noncurrent assets 94,70093,700115,10057,50070,500169,916
Total noncurrent assets: 1,084,600833,600712,400610,700133,700210,445
TOTAL ASSETS: 1,449,3001,189,000929,100807,500336,000415,059
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 173,800129,800155,30090,80061,70051,221
Employee-related liabilities 97,00051,90095,10077,00037,80024,789
Accounts payable 17,70018,20020,2009,9007,2007,947
Accrued liabilities 59,10059,70040,0003,90016,70018,485
Deferred revenue   14,000
Debt 17,50032,30029,9002,700  
Customer refund liability 3,8002,9001,000600  
Due to related parties     27,10014,175
Customer advances and deposits1,10069,713
Contract with customer, liability14,700
Other undisclosed current liabilities 59,10041,30032,30087,400  
Total current liabilities: 254,200206,300232,500196,20089,900135,109
Noncurrent Liabilities
Long-term debt and lease obligation 808,300590,700421,000356,000  
Long-term debt, excluding current maturities 754,900519,700337,700356,000  
Finance lease, liability   600
Liabilities, other than long-term debt 21,40036,30010,40023,30023,400119,691
Customer refund liability    400  
Due to related parties     11,500110,032
Other liabilities 21,40036,30010,40022,90011,9009,659
Operating lease, liability 53,40071,00082,700
Other undisclosed noncurrent liabilities 18,70016,30018,00017,300 1,000
Total noncurrent liabilities: 848,400643,300449,400396,60023,400120,691
Total liabilities: 1,102,600849,600681,900592,800113,300255,800
Equity
Equity, attributable to parent 346,70087,90018,1006,30033,400(12,334)
Common stock 3,0001,4001,3001,2001,2001,164
Treasury stock, value (215,200)(139,200)(73,600)(62,600)(59,600)(55,151)
Additional paid in capital 628,500393,700372,700361,000337,900349,198
Accumulated other comprehensive loss (5,300)(6,500)(4,500)(3,500)(1,600)(2,843)
Accumulated deficit (64,300)(161,500)(277,800)(289,800)(244,500)(304,702)
Other undisclosed equity  251,500229,100208,400189,300171,593
Total equity: 346,700339,400247,200214,700222,700159,259
TOTAL LIABILITIES AND EQUITY: 1,449,3001,189,000929,100807,500336,000415,059

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,474,6001,270,8001,186,100868,500449,800592,557
Revenue, net449,800592,557
Revenue from related parties 893,500809,500790,400600,100
Cost of revenue (1,162,800)(1,057,700)(987,800)(770,600)(416,300)(199,697)
Cost of goods and services sold (1,162,800)(1,021,100)(987,800)(770,600)(416,300)(199,697)
Gross profit: 311,800213,100198,30097,90033,500392,860
Operating expenses (166,100)(133,100)(140,600)(128,300)(477,300)(294,656)
Other undisclosed operating income     416,300199,697
Operating income (loss): 145,70080,00057,700(30,400)(27,500)297,901
Nonoperating income (expense)
(Investment Income, Nonoperating)
    (26,300)200297
Interest and debt expense  (1,000)(18,800)(1,500)  
Income (loss) from continuing operations before equity method investments, income taxes: 145,70079,00038,900(58,200)(27,300)298,198
Other undisclosed income (loss) from continuing operations before income taxes (18,900)39,400(29,100)1,500  
Income (loss) from continuing operations before income taxes: 126,800118,4009,800(56,700)(27,300)298,198
Income tax expense (benefit) (29,600)(1,300)2,20011,400(31,500)(121,127)
Income (loss) from continuing operations: 97,200117,10012,000(45,300)(58,800)177,071
Income (loss) before gain (loss) on sale of properties:97,200117,10012,000(45,300)(58,800)177,071
Net income (loss) attributable to parent: 97,200117,10012,000(45,300)(58,800)177,071
Preferred stock dividends and other adjustments (592,300)(22,400)(20,700)(19,100)(17,700)(62,684)
Undistributed earnings (loss) allocated to participating securities, basic  (47,300)   
Other undisclosed net loss available to common stockholders, basic      (48,955)
Net income (loss) available to common stockholders, basic: (495,100)47,400(8,700)(64,400)(76,500)65,432
Other undisclosed net income available to common stockholders, diluted  9,600    
Net income (loss) available to common stockholders, diluted: (495,100)57,000(8,700)(64,400)(76,500)65,432

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 97,200117,10012,000(45,300)(58,800)177,071
Comprehensive income (loss): 97,200117,10012,000(45,300)(58,800)177,071
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,200(2,000)(1,000)(1,900)1,200(355)
Comprehensive income (loss), net of tax, attributable to parent: 98,400115,10011,000(47,200)(57,600)176,716

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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